This article analyzes bilateral relations between India and the United States in the context of a new round of confrontational bipolarity between Washington and Beijing. The analysis of the historical dynamics of relations between the United States and India demonstrate that the US policy towards New Delhi has always been of an opportunistic nature and depended primarily on the events in southern Asia and the Indian Ocean, and on the dynamics of US relations with key Asian powers–the Soviet Union and China. India has never had an independent value for the United States. The existence of common values has always been used by both parties only to justify the next rapprochement between them and has always been determined by purely pragmatic considerations. At the same time, maintaining close relations with the United States is a strategic necessity for India, since the development of the Indian economy and the ability of New Delhi to balance between great powers depend on them. The authors come to the conclusion that today the imperatives of Washington and New Delhi have not changed significantly; therefore, there is no need to talk about a deep transformation of American–Indian relations.