A robust U.S. - India collaborative agenda would rest on a comprehensive set of actions which can take bilateral trade in goods and services to the desired goal of $500 billion. In the five years to 2019, bilateral trade grew at a CAGR of 7.7% per year to $146 billion. If we assume the same rate of growth, the $500 billion target will be achieved by 2036. To ensure this, the CAGR would need to be set at 11.9%. This is doable if the right policy actions are taken. CII has outlined key areas for collaboration, mentioned Mr Chandrajit Banerjee, DG, CII in his article published in The Hindu on 17 March 2021.