"We're making a lot of money with India," says US President Trump

Washington (USA), June 5: US President Donald Trump has said that America is making a lot of money with India.

His remark comes amid both the countries are engaging in the final phase of approving a bilateral trade deal.

"India for years has and I don't blame them I blame us because we had stupid people here India for years really took advantage of the United States," he said.

US President further added, "we're making a lot of money with India. But we'll get to a deal. Because I like...Prime Minister a lot."

He stated that India took advantage of the US for many years, charging tremendous tariffs and paying nothing, but now it is reversed.

India and the US are working together to finalise the bilateral trade as the US teams have arrived in the national capital.

Meanwhile, US Ambassador to India, Sergio Gor said in Mumbai earlier this week that the private sector firms of the United States have committed to invest over USD 67 billion in India.

Speaking at the Citi 2026 India Conference in Mumbai, Gor said such investments represent a "win-win situation" alongside government-to-government engagement.

READ: US Inc. commits over $67 billion investment in India, says Sergio Gor

Earlier, India's Union Minister of Commerce and Industry Piyush Goyal had stated that investment commitments from American industry in the last six months are estimated to be upwards of 60 billion dollars, including major data centre investments by companies such as Amazon and Google.

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The Minister said that India and the United States are working as natural partners and complement each other across sectors including technology innovation, high precision defence, digital data centres, quantum computing and medical devices.

As per the April bulletin of Reserve Bank of India (RBI), the gross foreign direct investment (FDI) witnessed strong growth, while net FDI showed improvement which is a matter of concern.

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The total amount of money or gross FDI entering India grew by 18.1 percent to USD 88.3 billion in April-February 2025-26 from USD 74.7 billion a year ago. While the net FDI inflows stood higher at USD 6.3 billion during April-February 2025-26 from USD 1.5 billion a year ago, the RBI data shows.

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