India can increase imports of shale gas, LNG, crude from US: Official

India’s exports to the US are rising, and it can increase imports of products like shale gas, LNG, and crude oil from America to diversify its import basket, as prices of these items are lower in the US, an official said.

Teams of both countries will start next round of talks this week here on the proposed bilateral trade agreement.

Though India is looking for a balanced and a mutually beneficial trade agreement with the US, “what we get as compared to other countries, will determine what we ultimately finalise in the deal,” the official said. PTI