Sports
India aims to strengthen economic ties with US, engage with Trump administration
字号+ Author:Smart News Source:US 2025-01-09 10:35:03 I want to comment(0)
India is looking forward to strengthening its economic relationship with the United States by engaging with the incoming Trump administration, India’s trade minister Piyush Goyal told reporters in New Delhi on Friday. “We are looking forward to a very deep and substantive engagement with the new US administration,” the trade minister said, noting that under Prime Minister Narendra Modi, India has bolstered bilateral relations with successive US administrations, including those led by Barack Obama, Donald Trump and Joe Biden. Bilateral trade between India and the United States, India’s largest trading partner, exceeded $118 billion in 2023/24, with India registering a trade surplus of $32bn. Industry estimates suggest that trade could grow by an additional $50bn within two to three years, underscoring the significant potential for stronger economic cooperation. The government and industry groups favour a broader trade and investment pact with the US to help Indian manufacturers integrate into global supply chains while retaining policy flexibility to safeguard national interests. Goyal said that India’s goods and services trade is projected to surpass $800bn in the 2024/25 fiscal year, ending March. While aiming to protect its manufacturers from on its exports, India is exploring ways to strengthen ties with Washington as Trump has threatened tariffs of 60 per cent and other curbs on .
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
‘Wicked’ director recalls bringing Broadway stars to silver screen
2025-01-09 09:15
-
India linked to Maldives opposition's Move to oust President Muizzu: report
2025-01-09 08:56
-
Which countries will ring in New Year 2025 first and last?
2025-01-09 08:48
-
US driver flying Daesh flag rams into New Orleans crowd, killing 15
2025-01-09 08:09
User Reviews
Recommended Reads
Hot Information
- کررم میں اضافی سیکیورٹی اقدامات کی یقین دہانی، بیرسٹر سیف نے دی
- South Korea crash investigation ramps up as funeral procedures begin
- US driver flying Daesh flag rams into New Orleans crowd, killing 15
- Another Jeju Air plane faces landing gear issue
- What Meghan Markle’s Instagram return signals for 2025
- 10 dead as man drives truck into New Year crowd in New Orleans
- Republican's leadership of US House hangs by thread
- In first for EU country, e-cigarettes banned in Belgium
- Aurora borealis light up New Year's Eve sky with stunning display
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content