Over 95 per cent of India's aerated beverages market is dominated by the American drink makers.
"We are sure that given our mutual inseparable interests, the bitter diplomatic row would not be allowed to create distrust among the people of the two countries and their business communities," Assocham President Rana Kapoor said.
In terms of merchandise exports, the U.S. was India's second largest destination with shipments of $36 billion in the financial year 2012-13. Likewise, goods imports from the U.S. amounted to $25 billion during the same period.
India is also among the largest markets for the aviation sector of the U.S., both civil and military. Same is the case in several other high-technology areas. For India, the U.S. has become the biggest destination for its over $100 billion IT industry while Indian students, over two lakh, are among the largest expat pupils in some of the top American universities. For the U.S., India has remained a growing market of strategic interest since the early nineties when the Indian economy was thrown open to the global investment and supply of goods and services.