2. Introduction
India and the United States enjoy a comprehensive
Global strategic partnership, covering almost all areas
of human endeavour, driven by shared democratic
values of convergence of interest on a range of issues
and vibrant people-to-people contact.
Manish Singh Abhyuday
3. Recent Development
Economic
⢠Bilateral trade: $119.42 billion (FY22) [During 2021-22, with China -
$115.42 billion]
⢠US is the biggest destination for Indian exports.
⢠US is the largest trade partner of India
⢠Trade Surplus of $33 billion
⢠US replaced Mauritius as the 2nd-largest source of FDI into India during
2020-21 (USD 13.82 billion).
⢠Investment Incentive Agreement (IIA) - investment support from USAâs DFI
Manish Singh Abhyuday
7. Recent Development
Energy
⢠Shale gas â India first country in Asia to import US Shale
Cultural
⢠2 lakh Indian students in the US
⢠Diaspora â Indian lobby in American politics
⢠Yoga â World Yoga day
Manish Singh Abhyuday
8. Challenges
Economic
⢠Trade Barriers
⢠No GSP
⢠Immigration
⢠Absence of a Totalization agreement
⢠Farm Subsidies
⢠âSpecial 301â
⢠IPR Issues
Manish Singh Abhyuday
9. Challenges
Strategic
⢠Russian Arms imports
⢠Russia-USA relations
⢠Indian Hesitancy to full integration
⢠US Foreign Policy
⢠Aid to Pakistan
⢠Atmanirbhar Bharat
⢠Higher Marker access
⢠Chinese dependence on Pharma ingredients
Manish Singh Abhyuday
10. Way Forward
⢠Strategic Autonomy
⢠Strengthening Global Democracy
⢠Formalising QUAD
⢠Blue Dot Network
⢠Cyber Security
⢠Defence Co-Production
⢠Preventive Health Cooperation
Manish Singh Abhyuday
11. Conclusion
The US-India relationship is founded on a shared
commitment to freedom, democratic principles and
the rule of law. India-US relations have a global
impact and not just on these two countries. Thus, it
is important for India and US to keep their
differences aside and work towards a more stable,
peaceful and rules-based global order.
Manish Singh Abhyuday