India's exports to US touch $77.5 billion in FY24, growing at 10.3 % CAGR over 30 years: Report

The growth in exports to the US was higher than aggregate exports until FY00. However, the global financial crisis in 2008 slowed down growth until FY10. Since then, the growth in exports to the US has consistently outpaced the overall export growth, underscoring the growing importance of the American market for Indian exports.