It is estimated that Indo-US services trade would reach $150 billion by 2015, according to Confederation of Indian Industry. India's total engagement with the U.S. is over $60 billion at present out of which $40 billion is contributed by merchandise trade. Last year, the services exports to the U.S. reached $22 billion.
According to the study, with the growing demand for services in the U.S. and the anticipated growth in demand for outsourcing from American corporations, the country should expect a larger market access in this sector. The CII also noted several hindrances to the bilateral trade and called for U.S. removal of trade restrictions and production subsidies to offset the impact of global economic crisis.