US Ambassador to India Richard Rahul Verma has said that the bilateral trade between India and the United States is expected to increase to 500 billion US dollar from the current 100 billion dollar. Answering questions at a function in Jalandhar on trade between the two countries, he said it is said to increase from 100 billion dollar to 500 billion dollar. Mr Verma said that India and the United States are two big democratic nations and have agreed on pushing a better agenda. He said that the relationship between India and America has reached a new dimension after the two meetings between Prime Minister Narendra Modi and US President Barack Obama.The two countries have agreed on cooperation in various fields like nuclear, defence and security, space, science,health and trade, he further said, there are immense possibilities of cooperation between India and the United States. The US administration, he said, is working on implementation of the agreements agreed between Modi and Obama.He is in Punjab as part of America's outreach programme.