Business
India seeks 'very deep' engagement with Trump administration
字号+ Author:Smart News Source:Travel 2025-01-15 07:42:04 I want to comment(0)
NEW DELHI: India is seeking to bolster trade ties with the United States under the incoming Trump administration, 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 $32 billion. Industry estimates suggest that trade could grow by an additional $50 billion within two to three years, underscoring significant potential for stronger economic cooperation. The government and industry groups favour a broader trade and investment pact with the United States 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 $800 billion in the 2024/25 fiscal year, ending March. While aiming to protect its manufacturers from potential US tariff hikes on its exports, India is exploring ways to strengthen ties with Washington as Trump has threatened tariffs of 60% and other curbs on imports from China.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Today Gold Rates in Pakistan 26 December 2024 – Gold prices in Lahore, Karachi, Islamabad
2025-01-15 07:33
-
PSB imposes bans on PBF chief Khalid and secretary Nasir
2025-01-15 06:05
-
Pakistan, Russia ink barter deal to boost agri trade
2025-01-15 05:18
-
Six die as car plunges into Waziristan ravine
2025-01-15 05:10
User Reviews
Recommended Reads
Hot Information
- Mayo Hospital’s ECG technician arrested for attempting to rape disabled girl
- Financial fortunes
- Punjab starts Big Catch-Up vaccination drive
- Amnesty International calls for probe into Lebanon, Syria device attacks as war crimes
- BISP Kafaalat cash installment increased to Rs13,500
- Southee quits as NZ Test captain, hands over to Latham
- Railway officials suspended after Hazara Express crash reinstated
- 20 Palestinians killed in Israeli attack in Khan Younis
- Quetta Coal Mine explosion leaves four dead, several trapped as rescue efforts underway
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content