US exports to India leap as trade gap shrinks
US EXPORTS to India increased by a sharp 75% in the first eleven months of 2007 to $15.85 billion, bringing down the trade gap between the two countries. India’s exports to the US, on the other hand, rose by 10.9% to $22 billion in the January-November 2007 period, compared with exports in the same period of the previous year. US exports of aviation & aircraft to India increased 33.85%, engineering goods & machinery (including electrical) went up by 19.73% while precious stones & metals recorded growth of 11.10% in the first eleven months of the fiscal. Indian diamonds & precious stones exports to the US went up by 26.12%, textiles by 22.88%, pharmaceutical products by 3.25%, electrical machinery by 5.07%, organic chemicals by 4.92% and machinery by 4.61% during the period.