SME Times is powered by   
Search News
Just in:   • Delhi Airport issues public health advisory amid Ebola concerns  • Portugal sees economic ties with India as key partnership for future: Joao Rui Ferreira  • PM Modi’s UAE visit strengthens India’s energy security amid rising Middle East tensions: Report  • India, Italy agree to expand bilateral trade to 20 billion euros by 2029  • India–Nordic Summit 2026 to help rewrite global tech governance rules 
Last updated: 20 Jun, 2023  

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

Modi.Flight.9.jpg
   Top Stories
» Delhi Airport issues public health advisory amid Ebola concerns
» Indian equity markets trade higher in early deals amid positive global cues
» Sensex, Nifty open lower amid weak global cues, geopolitical tensions
» PM Modi's Europe outreach brings tech, geopolitical gains for India
» India one of world’s most attractive destinations for investment, innovation: PM Modi
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
₹94.2
₹92.5
UK Pound
₹128.85
₹124.8
Euro
₹112.2
₹108.45
Japanese Yen ₹59.85 ₹58
As on 06 May, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter