Trade between the United States and India is soon expected to cross $ 100 billion, according to James Golsen, principal commercial officer – south India, US Commercial Service. Stating that India was the eighth fastest growing source of foreign direct investment into the US at $ 8.9 billion in 2012, he said Indian firms had announced 297 investment projects between January 2003 and June 2013. The total goods trade between the countries in 2013 stood at $ 63.7 billion.