Since the liberalization of Indian economy, there has been an enormous improvement in Indo-US economic and trade relations. This article reviews the emerging trends in Indo-US economic relations.

India and the US are the world's two largest democracies. Now they have realized that in the present global scenario, both the economies cannot ignore each other. A dedicated commitment in developing a New International Economic Order (NIEO) is the need of the hour. Realizing the necessity of the time, both India and the US have put their heads down and started making concerted efforts to promote economic relations between them. This could be testified by Bush's visit to India and the latest nuclear deal. Their efforts will serve two purposes. First, it will clear the misunderstanding on issues concerning India and the US. Second, new areas of economic and business relations may emerge. The fruits of these steps would depend on the sincerity of both the countries. On economic horizon both the US and India need each other's support. This has been tested in the form of passing nuclear deal in Senate. Given the instances of bounce-back of the US interests in the Indian economy, it would not be over optimistic to foresee a paradigm shift in the relations between India and the US.

Since the liberalization of Indian economy, there has been an enormous improvement in Indo-US economic and trade relations. India and the US are elevating their economic relations on all horizons. Trade is fast rising; Foreign Direct Investment (FDI) is on the rise and increasing number of people are traveling. The recent agreements on defense and energy and the civilian nuke agreement on the card have also created new areas of economic cooperation and mutual understanding between India and the US, which is sine-quo-non for, both the countries in years to come.

Treasury Management Magazine, Indo-US Economic Relations, Indian Economy, New International Economic Order, Foreign Direct Investment, FDI, US Global Merchandise Trade, National Telecom Policy, Bilateral Investment Agreements, Strategic Developments, Power Sector, Indo-US Business Relations, Gross Domestic Product, GDP, Banking Services, World Trade Organization, WTO.