India is one of the largest and fastest growing economies in the world. In the past, India was not involved in world markets because it wanted to protect its economy and autonomy. But recent years have seen a rise in India's economic power. Like other developing countries, India uses trade as a stimulus to development. Its services and production areas have grown rapidly. Foreign trade focuses on export and import taxes and quantitative restrictions. In 2012, India imported $500.3 billion and exported $309.1 billion in goods (Factbook). The goods it imports are machinery, fertilizers, iron and steel, food grains and crude oil. It exports textiles, jewelry, engineering items, petroleum products and agricultural products. There have been changes in India's trade patterns. It has not exported much in the last 10-15 years because the government has neglected trade policy. During that period imports grew due to industrialization, which consisted of raw materials and consumer goods. After liberalization, there has been an increase in India's foreign trade. India's economic growth rate grew to about 6% in 2001 ( ). After trade liberalization, India has recorded positive growth. Liberalization of trade policy has resulted in a contributing factor to India's economic growth. Trade in goods and services increased from 16% in 2001 to 47% in 2010 ( ). India exports around 1.44% and imports 2.12% for trade in goods and services globally (OECD). Its main trading partners are the United States, China, the European Union and the United Arab Emirates. In 2010, exports increased to $14 billion and imports to $20 billion, and in the same year, the trade deficit decreased significantly… by half the paper inflows. India has received projects from other nations based on Greenfield projects, acquisitions and mergers. An example of a city that received the largest greenfield projects in India was Mumbai (). US investment growth in India has increased, but the country still remains a small destination for US foreign investors. So, we know that the US sees India as a growth nation relative to US foreign investors, so the US is considered a significant source of foreign direct investment in India. However, there are factors that could increase India's importance to U.S. companies seeking foreign investment opportunities. Multinational corporations in the United States facing rising labor costs can invest in India due to its large, well-educated, English-speaking workforce. India and the US share their economic and trade issues and both are members of the WTO, IMF and World Bank.