Union Commerce and Industry Minister Piyush Goyal said that India is expected to increase energy trade with New Delhi while addressing an event in New York. The minister also pointed out that India powers US’ growth story by providing “huge amount of talent and innovation".

“We expect to increase trade with US on energy products in the years to come," Goyal told the those attending the US-India Strategic Partnership Forum in New York.

Data shows that India’s imports of US crude oil have already increased sharply in 2025. Between April-June, US crude shipments to India jumped by ~114% year-on-year. Indian companies are reportedly planning even larger increases in US oil imports, according to a report by Business Today .

Between January and June 2025, India’s crude imports from the Unit

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