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India, US Bilateral Trade Is Poised For A Multi-Fold Increase

26 Juin 2017

America's top tech executives won't pass up an opportunity to meet Indian Prime Minister Narendra Modi.

In an uncertain global economic landscape, India and the US stand as mutually reinforcing engines of growth and innovation, he said ahead of his maiden meeting with US President Donald Trump. Modi will also have dinner with the president and first lady - the first dinner Trump has hosted for a foreign dignitary at the White House, although he has hosted the leaders of Japan and China at his resort in Florida.

Modi and Trump are due to hold afternoon talks and a working dinner at the White House, though no press conference is scheduled.

On Sunday, PM Modi met with the heads of 20 of the leading U.S. technology firms, including Tim Cook of Apple, Sunder Pichai of Google, and Jeff Bezos of Amazon.

Trump's administration has meanwhile indicated it could take a tougher stance on Pakistan, which India has long accused of harbouring militant groups.

Earlier today in his conference with USA business honchos, Prime Minister Modi stressed that the whole world is looking at India today adding that growth for New Delhi also presents a win-win partnership for the United States.

While Trump may not be big on the idea of setting up shop in India, others - such as Google and Microsoft - are keen to continue doing business there. Rao termed Modi and Trump as unconventional global leaders.

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Highlighting the benefits of the Goods and Services Tax, which is set to be launched in India on July 1st, PM Modi wrote: "transformation of India presents abundant commercial and investment opportunities for American businesses".

"A year later, I return to the United States confident in the growing convergence between our two nations", he said.

He said the world is now focused on India's economy, especially in areas such as manufacturing, trade, commerce and people-to-people contact, due to a young population and a rising middle-class.

Modi's remarks come at a time when Indian techies are facing problems availing H1-B visas after President Donald Trump put restrictions on it.

The CEOs seemed rather upbeat after their meeting with the Indian Prime Minister. Counting overseas, Trump has so far met with 47 world leaders.

"The creative and entrepreneurial energy of our engineers, scientists and researchers, and their free movement between both countries, continue to help India and the United States retain their innovation edge and maintain competitiveness in the knowledge economy". "We have succeeded in conveying to the world the deleterious effects of terrorism on India".