With Petroleum Minister Dharmendra Pradhan talking about alternative energy sources with competitive prices, Indian companies have already started tilting towards the US spot market. According to sources, orders worth $600 million have already been placed by Indian companies in the US so far and that figure is likely to increase by nearly $2 billion in the near future.
This is also seen as an effort by the government to meet the long-standing demands of the Trump administration to reduce the trade deficit of the US with India. India's exports to the US stand at $72 billion, while imports come to