Jaishankar, Rubio discuss trade, critical minerals and energy amid India-US $500 billion trade push

India’s foreign minister Subrahmanyam Jaishankar said on Tuesday he held talks on trade, critical minerals and energy with U.S. Secretary of State Marco Rubio.

“Just concluded a good conversation with Secretary Rubio. Discussed trade, critical minerals, nuclear cooperation, defence and energy,” he said in a post on social media platform X.

India and the United States have set a target of more than doubling bilateral trade to $500 billion by 2030, while New Delhi has pledged to buy more U.S. energy and defence equipment to help narrow the trade gap, even as trade talks last year failed to result in a deal.

The failure to reach an agreement had pushed the Indian rupee to a record low and spooked investors waiting for progress in two-way negotiations.

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