US exports to India have quadrupled, while Indian exports to the US have grown by 180 per cent for the last three years, but despite this India was still only 13th largest trading partner for the US, Consul General of US Consulate, Chennai, Jennifer Macintyre, said here.
At a seminar on 'Evolving business opportunities in Indo- US Trade', organised by Indo-American Chamber of Commerce, Macintyre said given the size of economies, both have "enormous untapped potential still before us."
Quoting latest economic indicators, Mcintyre said India's FDI in US was valued at USD 9.8 billion by end of 2011 and placed India as the 24th largest source of FDI in her country, which grew at a compound annual growth rate of about 41 per cent during 2006-11, making India the third fastest growing sources of FDI in the US.