New Delhi, May 5 -- The United States has effectively dominated the perception battle with India during ongoing bilateral trade negotiations, according to Ajay Srivastava, Founder, Global Trade Research Initiative (GTRI) and former trade officer.

Srivastava. However, contends that this narrative misrepresents the actual economic relationship.

He maintains that when accounting for the complete economic picture-including arms sales, corporate profits, royalties, technology sector advantages, and educational spending-India pays more dollars to the US than it receives in return.

To illustrate this point, Srivastava provides the example of iPhone production: "For every iPhone sold at around USD 1,000 in the US, Apple earns over USD 450, whi...