Key Points
- India-US bilateral investment grew twelve-fold to $240 billion over two decades
- Maharashtra positioned as $660 billion economy growing at 10.2 per cent CAGR
- Cleveland Clinic to anchor 165-acre Medicity near Mumbai airport
Bilateral investment between India and the United States has grown twelve-fold over the past two decades, rising from $20 billion to $240 billion, US Ambassador Sergio Gor said on Monday (18 August), calling the current moment a defining phase for economic and strategic ties between the two countries.
Speaking at the Indo-American Chamber of Commerce National Convention 2026 in Mumbai, Gor said that the two nations had broken several records in bilateral trade. He pointed to the scale of the American market as a significant opportunity for Indian businesses seeking global expansion.
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“The decisions and collaborations initiated today and over the next few years would determine the direction of India-US relations for several decades,” Gor said.
He underlined President Donald Trump‘s trust in India and assured industry leaders that the US Embassy remained open to supporting deeper commercial engagement.
Maharashtra investment
Maharashtra Chief Minister Devendra Fadnavis, attending as chief guest, highlighted the need to convert growing strategic alignment into tangible investments, technology partnerships, manufacturing opportunities and employment generation.
“Maharashtra is a $660 billion economy, growing at about 10.2 per cent CAGR for last seven years,” Fadnavis said. “About 69 per cent of our youth is 27 years of age and roughly 50 per cent is in K-12. If Maharashtra was a country, it would probably be in the top 20 countries in the world by its sheer economic promise.”
The chief minister announced that a 165-acre Medicity was being developed near the Mumbai airport, with the Cleveland Clinic signing on as an anchor hospital in the venture.
Fadnavis also said that with one of India’s strongest industrial and innovation ecosystems, the Maharashtra is expected to play a central role in the next phase of India-US economic engagement, offering opportunities across advanced manufacturing, digital technology, infrastructure, financial services, clean energy and emerging industries.
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Uttar Pradesh showcases state potential
The Uttar Pradesh government also presented the state’s investment and export potential at the convention. Dinesh Pratap Singh, minister of state for horticulture, agricultural marketing and agricultural exports, said Uttar Pradesh’s size and population made it an economy of global significance. He highlighted the state government’s focus on religious tourism, aviation connectivity and export infrastructure.
The inaugural session was attended by Awanish Awasthi, advisor to the Uttar Pradesh chief minister, and Alok Kumar, principal secretary for IT and electronics.
By the numbers
- $240 billion
- Current India-US bilateral investment
- $660 billion
- Maharashtra state economy size
- 10.2%
- Maharashtra GDP growth rate CAGR
The day-long convention featured five focused sessions covering pharmaceuticals, healthcare and life sciences, investment opportunities in Uttar Pradesh, artificial intelligence infrastructure and cyber defence, critical minerals and technology supply chains, and women-led enterprise, innovation and growth.
Senior representatives from AT&T, Wipro, Medtronic India, JB Pharma, P.D. Hinduja Hospital, JSW Group, Tata International and Orient Technologies participated in the discussions.
During the inaugural session, Fadnavis and Gor also felicitated former IACC presidents and office-bearers for their contribution to the chamber, which was established in 1968.
Your Questions, Answered
How much is India-US bilateral investment worth in 2026?
According to US Ambassador Sergio Gor, bilateral investment between India and the United States has reached $240 billion, growing twelve-fold from $20 billion over the past two decades.
What is Maharashtra’s current economic size?
Chief Minister Devendra Fadnavis stated Maharashtra is a $660 billion economy that has been growing at approximately 10.2 per cent CAGR for the last seven years.
What is the Medicity project announced in Maharashtra?
Maharashtra is developing a 165-acre Medicity near Mumbai airport, with the Cleveland Clinic signing on as an anchor hospital in the healthcare venture.
What sectors are India and the US cooperating on?
Key cooperation areas include semiconductors, space, critical minerals, clean energy, artificial intelligence, advanced manufacturing, healthcare, cybersecurity and supply chains.