SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 20 Jun, 2023  

Indo-Us.9.Thmb.jpg PM Modi's US visit

Modi.Flight.9.jpg
   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
Bikky Khosla | 20 Jun, 2023

Prime Minister Narendra Modi has departed for the United States today. During the trip he will be given a ceremonial welcome at the White House, and later he will hold a high-level dialogue with US President Joe Biden. The Indian Prime Minister has visited the US six time since 2014, but this will be his first state visit, which is being considered a significant one, with experts pointing out that it will take India-US strategic partnership to a new level.

Amid concerns over Beijing's growing aggression, the strategic landscape in the Indo-Pacific has witnessed dramatic change in recent times, and in the background of this, according to experts, the US is likely to extend a helping hand for military modernization of India. Recently, the two sides had already concluded a roadmap for defence industry cooperation and a further boost in bilateral defence ties by no way seems far off.

But trade ties are no less important, particularly in this age when geopolitics and geo-economics are inextricably linked. Bilateral trade between India and the US stood at $128.55 billion in FY 2022-23, making the latter our largest trading partner. This partnership needs to be taken further. In addition, while the US is making every effort to diversify supply chains beyond China, it is an opportunity for India to woo American companies to the country.

India, in recent years, has successfully maintained its strategic autonomy while dealing with its national interests. It has maintained a historic and enduring relationship with Russia, which, due to pressure from the West, nowadays is looking to deepen its ties with China, and both these countries are seen as strategic threats by the US. No doubt, it is a tricky balancing act, but India must walk this diplomatic tightrope and seek the best possible economic and diplomatic concessions from the US.

I invite your opinions. 
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter