Despite revoking GSP status in Trump 1.0, India-US trade surged, Trump 2.0 could continue the trend: SBI

India's trade with the United States has shown remarkable growth despite losing its Generalized System of Preferences (GSP) status in 2019. A report by the State Bank of India highlighted India's rising exports in sectors like footwear, minerals, chemicals, and machinery, indicating the country's growing competitive edge, particularly against China.