New Delhi, Feb 12 (PTI) The bilateral trade between India and the US rose by 45 per cent to USD 113 billion in 2021 compared to USD 78 billion in the previous year.

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Both the countries have made a commitment to facilitate actions necessary for increasing the bilateral trade to USD 500 billion.

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"India-US goods trade sets a new record! Goods trade witnessed a 45 per cent jump in 2021 from 2020 to reach a historic high of USD 113 billion," Commerce and Industry Minister Piyush Goyal said in a tweet.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)