US will continue to be key market for Indian services, products: KPMG

According to the tax and advisory services company feels that aspirations of Indian companies and citizens with the reforms implemented will drive India in becoming a USD 5 trillion economy by 2022.

Published: 18th January 2019 09:03 PM  |   Last Updated: 18th January 2019 09:47 PM   |  A+A-


The KPMG logo is seen at the company's head offices in Parktown, Johannesburg, South Africa. (File photo | Reuters)


NEW DELHI: The US will continue to be an important market for India's services and products which contribute to the competitiveness of American corporations, according to a KPMG-USIBC report released Friday.

"The energies and aspirations of Indian companies and citizens, combined with the reforms implemented and to come, will drive India to achieve the ambition of becoming a USD 5 trillion economy by 2022 and alongside lift US India commercial engagement as a participant in this growth," Arun Kumar, chairman and CEO, KPMG in India, said.

According to the report, sectors like aerospace and defence, agriculture, education and tourism, energy, healthcare, infrastructure, manufacturing and digitalisation are major areas for India-US collaboration.

The report by the US-India Business Council (USIBC) and KPMG discusses the need for action-based collaboration between the two nations to take the economic partnership to the next level and highlights sectors having potential for collaboration. "India's progress in ease of doing business and the long-term sustainable reforms represented by the Goods and Services Tax and the Insolvency and Bankruptcy Code have been noted by US corporations as well as domestic ones. They will add to the productivity and competitiveness of the economy," Kumar said. He said India is playing an increasing role in the innovation and development dimensions of US companies.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp