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GTRI: US talks of trade deficit, but has surplus from India

IndiaTimes Monday, 26 May 2025
A new paper estimates the US "quietly rakes in" $80-85 billion annually from India through sectors like education, digital services, and intellectual property, contrasting with Trump's focus on the goods trade deficit. Factoring in these revenues, the US actually holds a $35-40 billion surplus with India, prompting calls for tougher trade negotiations amidst ongoing bilateral talks.
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