The document discusses the trade relations between the United States and India. It provides background on why countries trade, details on India's international economic relations and its strong economic relations with several countries including the US. It then focuses on the history, growth and details of trade between India and the US, including key exports and imports. It also discusses investment between the two countries and some challenges and barriers to trade.
A power point presentation about India foreign trade's introduction, compostion of its imports and exports, also the direction of its imports and exports, with the help of some data diagrams.
It shows the Working, Functions and Members of BRICS, objectives, important Summit, effects, advantages, disadvantages, financial Contribution and The BRICS Bank.
A power point presentation about India foreign trade's introduction, compostion of its imports and exports, also the direction of its imports and exports, with the help of some data diagrams.
It shows the Working, Functions and Members of BRICS, objectives, important Summit, effects, advantages, disadvantages, financial Contribution and The BRICS Bank.
Team Finland organized a half day seminar in Helsinki on 21 April 2017, highlighting business opportunities in India and casting light on success stories of Finnish companies in Indian market (but also raising challenges encountered). Inspiring high-level speakers came from India, from Finnish companies and from Team Finland India. http://event.finpro.fi/indiaday/
about UAE
similarity between India vs UAE
bilateral relations
Export and import last 5 years
political Social and economical factor
trade and Invesment
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India pulled out of the arranged Regional Comprehensive Economic Partnership (RCEP) in 2018
subsequent to entering Discussions in 2013. India has an import/export imbalance with 11 out of
the 15 RCEP nations and a few researchers have reviewed that India chose to quit the
arrangement in light of such unfriendly exchange balance. For sure, India has an import/export
imbalance with the majority of its exchange partners in past free trade agreements (FTAs). It is
in this setting that this brief looks at India's import/export imbalance with two of the top
exchanging partners inside RCEP with whom India has a current economic alliance â i.e., Japan
and South Korea, and focuses to what India must help to tilt the exchange balance to earn
benefit. It also likewise investigates India's exchange relations with Australia, with which the
nation is arranging a FTA. It features what India must do in future FTA arrangements to
diminish import/export imbalances and benefit from such negotiations.
a presentation on a detailed analysis of product- Pencil in India as well as in the world with summary and plots and proper justification using economic theories.
An organized and systematic office solution is essential for all universities and organizations.
There are many departments of administration for the maintenance of college information and student databases in any institution.
All the modules in college administration are interdependent. So they need to be centralized as Information from one module will be needed by other modules.
The SEAS Educational Resource Management System is an automated version of manual system. In case of manual system they need a lot of time, manpower etc. Here all work is computerized. So the accuracy is maintained. Maintaining backup is very easy which it can do with in a few minutes.
this is a data structure and algorithm project which is made using TRIE data structure to help our user to find the meaning, synonyms, antonyms and examples of an entered word and if the user enters an invalid word then we help them to explore more words similar to the entered word.
A user can find the translation of the entered word, also view the search history and also know âword of the dayâ which enables the user to learn a new word every day.
this is a presentation on 8-bit RISC-based single core pipelined microprocessor which can be used to perform various arithmetic and logical operations.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
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The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a âRoaring Twentiesâ? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. governmentâs aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
âIn order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,â says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
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Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
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If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. đ I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
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Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
What price will pi network be listed on exchangesDOT TECH
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The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ â 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
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Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
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Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the worldâs largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
The secret way to sell pi coins effortlessly.DOT TECH
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Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
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As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
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In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
2. What is Trade Relation?
⢠The status given to a trading partner who is eligible to receive low tariffs and other
concessions in exchange for similar benefits. Also called permanent normal trade
relations.
⢠Trade is an important factor on which the international economic relations between two
countries depends.
⢠Normally there are two types of trades - bilateral trade and multilateral trade.
⢠Bilateral trade is the trade between two countries and multilateral trade is trade between
more than two countries.
3. Why do Countries Trade?
⢠Countries trade with each other when, on their own, they do not have the resources, or
capacity to satisfy their own needs and wants. By developing and exploiting their
domestic scarce resources, countries can produce a surplus, and trade this for the
resources they need.
⢠Today, international trade is at the heart of the global economy and is responsible for
much of the development and prosperity of the modern industrialised world.
⢠Goods and services are likely to be imported from abroad for several reasons. Imports
may be cheaper, or of better quality. They may also be more easily available or simply
more appealing than locally produced goods. In many instances, no local alternatives
exist, and importing is essential.
4. Indiaâs International Economics Relations
⢠India has important and strong economic relations with many countries in the world.
⢠Traditionally India has maintained trade relations with various countries. After the
economic reforms of the early nineties, the Indian economy was opened up to further
bilateral trade relations with various countries and to Foreign Direct Investment (FDI).
⢠Import restrictions on many items were lifted which led to expansion of India's economic
relations with other nations.
5. Some Countries with which India has Strong
Economic Relations
⢠United States of America
⢠United Kingdom
⢠Japan
⢠China
⢠Germany
⢠Canada
⢠Switzerland
⢠Italy
6. Indiaâs Trade Relation with U.S.
⢠IndiaâUnited States relations (or Indo-American relations) refers to the international relations that
exist between the Republic of India and the United States of America.
⢠India-U.S. bilateral relations have developed into a "global strategic partnership", based on shared
democratic values and increasing convergence of interests on bilateral, regional and global issues.
⢠Regular exchange of high level political visits has provided sustained momentum to bilateral
cooperation, while the wide-ranging and ever-expanding dialogue architecture has established a
long-term framework for India-U.S. engagement.
⢠A unique feature of this relation is that U.S. is the world's oldest democracy, while India is the
world's largest democracy.
⢠The value of merchandise trade between India and the United States has picked up dramatically
⢠Over the last 20 years. In 1986, according to U.S. trade statistics, the total value of bilateral trade
with India was $4.0 billion. By 2006, the total value of bilateral trade had risen to $31.9 billion â
nearly an eight-fold increase.
7. History of Indo-U.S. Relation
⢠The relationships between India in the days of the British Raj and the US were thin;
Americans learned more about India from English writer.
⢠Swami Vivekananda promoted Yoga and Vedanta in America at the World's Parliament of
Religions in Chicago, during the World's Fair in 1893.
⢠In the 1930s and early 1940s the United States gave very strong support to the Indian
independence movement in defiance of the British Empire.
⢠Mahatma Gandhi had an important influence on the philosophy of non-violence promoted
by Martin Luther King, Jr., this leads attention of American public and U.S. Congress.
⢠There were American consulates in Calcutta and Bombay, they existed primarily for trade
purposes, and all official American relations with India were conducted during world
war-II.
8. India Trade with U.S.
⢠The graph shows that both
Indiaâs exports to and imports
from the United States were
relatively low in value and
subject to fluctuations from
1958 to about 20 years ago.
⢠However, since the mid-
1980s, U.S. imports from
India have steadily increased
in value while Indiaâs exports
to the United States have shot
up dramatically.
9. U.S. Trade with India
⢠In value terms, U.S.
exports to India and
Indiaâs exports to the
United States are
comparatively low in
value and flat until the
mid-1980s.
⢠After a significant
increase in the 1980s,
U.S. imports from India
rise rapidly starting in
the early 1990s. U.S.
exports to India also
pick up in value starting
in the early 1990s, but
not at the same pace as
imports from India.
10. Indo-American Trades
⢠India ranks 24th among the trade partners of the U.S. in terms of exports, 18th in terms of imports.
⢠U.S. goods and services trade with India totaled an estimated $109.0 billion in 2015. Exports were
$39.6 billion; imports were $69.5 billion. The U.S. goods and services trade deficit with India was
$29.9 billion in 2015.
⢠India is currently our 9th largest goods trading partner with $67.7 billion in total (two way) goods
trade during 2016. Goods exports totaled $21.7 billion; goods imports totaled $46.0 billion. The
U.S. goods trade deficit with India was $24.3 billion in 2016.
⢠Trade in services with India totaled an estimated $42.8 billion in 2015 (latest data available).
Services exports totaled $18.1 billion; services imports totaled $24.7 billion. The U.S. services
trade deficit with India was $6.6 billion in 2015.
⢠According to the Department of Commerce, U.S. exports of Goods and Services to India
supported an estimated 197 thousand jobs in 2015.
11. Current Trade Situation
⢠India has recently agreed to lower tariffs for pharmaceutical products from the United
States.
⢠India has recently eliminated tariffs for soft drinks from the United States.
⢠Current Indian law allows for up to 51 percent of its retail sector to have support from
foreign investors.
⢠United States and India have recently agreed to establish exchange programs between
small businesses in each country.
⢠Trade in food and other agricultural products has increased between the United States and
India.
⢠India's percentage share in U.S. imports has remained more or less stable over the last few
years.
13. Indiaâs main Import form U.S.
⢠Sophisticated machinery (computers and components, gas turbines, telecom, etc.)
⢠Electrical machinery (recording/sound media)
⢠Medical and surgical equipment/instruments
⢠Aircraft, spacecraft (small aircraft)
⢠Precious stones
⢠Metals (diamonds, not mounted or set)
⢠Organic chemicals
⢠Plastic
⢠Cotton and cotton waste
⢠Wood pulp, etc.
14. Investment by U.S.
⢠On investment front, USA covers almost every sector in India, which is open for private
participants.
⢠Both government-to-government level and business-to-business level conduct regular
interactions with each other to promote and strengthen the trade and economic
interactions between the two countries.
⢠The US investor community is today increasingly sharing confidence in the future of the
Indian economy.
⢠Several areas like infrastructure, IT, Telecom sector, energy and other knowledge
industries such as pharmaceuticals and biotechnology, possess immense potential for
progressing economic cooperation between India and the US.
⢠A very important aspect of US India economic relations comes with the emergence of
Business Process Outsourcing, where in many US companies are reaping the advantages
offered by India's IT sector.
⢠India offers a large pool of trained, English speaking personnel, which offers huge cost
benefits to the US MNCs.
15. Details of Investment by U.S.
⢠U.S. investments in India are about half the size of its investments in China, less than a
quarter of the size of U.S. investments in Hong Kong, and nearly a sixth the size of U.S.
investments in Singapore.
⢠Overall, India ranked 31st in 2005 for locations for overseas U.S. direct investments.
⢠According to India, the United States had $4.913 billion in investments in India as of
December 2005, making the United States the second biggest investor in India and
representing 16.1% of all foreign direct investment in India.
⢠If the United States views India as a growing, but comparatively minor market for its
overseas investments, the United States is an important source of foreign direct
investment for India.
16. Growth of U.S. Development in India
⢠After steady, modest growth
during the 1990s, U.S.
investments in India rose
dramatically between 2001 and
2005, according to official U.S.
data.
⢠Between 1990 and 2000, U.S.
investments in India rose from
$372 million to $2.4 billion â
an increase of over $2 billion
over 10 years.
⢠Over the next five years, U.S.
FDI in India increased by over
$6 billion to $8.5 billion.
⢠Over the 15 year period, the
total value of U.S. FDI in India
increased 22-fold.
17. Investment of U.S. in Indian
Companies
Investment of India in American
Companies
Wipro Ford
HDFC Bank General Motors
ICICI Bank Microsoft
Tata Motors Intel
Infosys Technologies Oracle
MakeMy Trip Ltd. Johnson & Johnson
Rediff.com Gillette
MTNL Texas
Dr. Reddyâs Lab Whirlpool
Videocon d2h Xerox Modicorp
Vedanta (Metal & Mining Industry) Discovery
18. An Example
⢠Meanwhile, Indian companies have in recent years been buying up overseas firms.
⢠Indian company actively involved in overseas FDI is the Tata Group.
⢠In 2000, the Tata Group bought Britainâs Tetley Tea brand.
⢠In June 2006, a Tata subsidiary purchased Eight OâClock Coffee for $220 million, which
has a majority share in the U.S. branded whole bean coffee market.
⢠Then, in January 2007, Tata Steel took over Corus, a European steel company, for over
$11 billion.
⢠According to an IMF report, Indiaâs overseas acquisitions for the first nine months of
2006 totalled over $7.2 billion.
19. Obstacles that have an adverse effect on the
Indo-U.S. Trade Relations
⢠High tariff rates on imports.
⢠High surcharges and taxes on a variety of imports.
⢠Non-tariff barriers on US exports to India.
⢠Managing the U.S.-India-China trilateral relationship.
20. Indo- U.S. Trade Barriers
⢠Bureau of Export Administration (BXA) in the US Department of Commerce imposed
restrictions on exports to four Indian organizations:
⢠Bharat Electronics Ltd
⢠Bhaba Atomic Research Center (BARC)
⢠Indira Gandhi Center for Atomic Research
⢠Indian Rare Earths Ltd
21. Agriculture Goods
⢠In India and the United States, there is interest in improving market access to each otherâs markets in
anticipation of greater trade in agricultural goods. In 2006, the United States exported over $300 million
in agricultural goods (including over $42 million in prepared foods) to India, and imported $1.3 billion in
agricultural goods from India.
⢠U.S. exports of live animals and animal products are hindered by Indian import restrictions and cultural
norms. Cattle and beef imports are subject to import controls because of the risk of âmad cowâ and âhoof
in mouthâ disease, as well as the Hindi and Buddhist prohibitions of eating beef and Muslim prohibitions
of eating pork.
⢠Similarly, on March 14, 2007, India stopped the import of poultry, poultry products, pigs, and pork
products from countries infected with avian influenza to protect the public health.114 Other U.S. products
â such as coffee, tea and most grains115 â are effectively kept out of India by tariff rates as high as
100%.
⢠A July 2007 Indian government reported determined that U.S. wheat was unfit to be imported into India
due to the presence of pervasive weeds.
⢠In 2007, United States requested WTO to charge India for the imposed tariff rate as âadditional dutyâ and
âextra additional dutyâ of wine and distilled spirits to increase from 150% to 550%. While India has
committed to the WTO to bind its tariff on wine and spirits to no more than 150%.
23. Clothing and Textiles Good
⢠Trade in clothing and textiles is a major issue in U.S. relations with India for two key
reasons.
⢠clothing and textiles are among the top five India exports to the United States.
⢠Following the termination of the WTOâs Agreement on Textiles and Clothing (ATC) on
January 1, 2005, most experts predicted that the global manufacturing of clothing and
textiles would restructure, and that China and India would emerge as major production
sites.
⢠By implication, it was expected that U.S. clothing and textile imports from India (and
China) would jump beginning in 2005, as production shifted from other nations to India
(and China). As a result, the termination of the ATC cause a spike in the U.S. bilateral
trade deficit with India.
⢠Clothing imports, which had been increasing by about 10% per year for the previous three
years, rose by over 30%, or more than $1 billion, in 2005, and then returned to the
previous growth rate.
⢠By contrast, textile imports from India did not spike in either 2005 or 2006, but grew at a
rate similar to the previous three years.
24. Clothing and Textiles Trade Details
The U.S. trade data
on textile and
clothing imports from
India appear to
support the
predictions for
clothing, but not
textiles.
25. Jewellery
⢠India is a leading exporter of jewellery, especially diamonds and diamond jewellery, to the
world and to the United States.
⢠In 2006, the United States imported $5.9 billion worth of jewellery from India, or 25.5%
of all imports from India. Of this, $3.3 billion (55.5%) were diamonds and diamond
jewellery and another $2.4 billion (41.0%) was precious metal jewellery.
⢠The depletion of many of Indiaâs diamond mines has pushed its industry to source its
diamonds from overseas. In 2005, India imported nearly $10.6 billion worth of diamonds.
This has raised concerns about the possible import of so-called âconflict diamonds.â
⢠In January 2003, India, the United States, and 53 other countries endorsed a UN initiative
called the Kimberley Certification Process that certifies that the diamonds do not come
from Angola, Liberia, Sierra Leone, and Congo.
26. Oil
⢠The rapid growth in Indiaâs economy has also meant a rapid increase in its demand for oil.
Although India has proven oil reserves, production is nearly at capacity, while demand
continues to rise.
⢠According to the U.S. Department of Energyâs Energy Information Agency (EIA), India
produced an average of 846,000 barrels per day (bbl/day) of âtotal oil liquidsâ in 2006,
and used an average of 2.63 million bbl/d of oil, resulting in a shortage of nearly 1.8
million bbl/d.
⢠In order to fill its oil gap, India national oil companies have been actively seeking
overseas sources of crude oil, involving the acquisition of equity in some cases.
According to EIA, the most active Indian oil company overseas is ONGC Videsh Ltd.,
which holds interests in 25 oil and natural gas projects in 15 different countries in Africa,
Asia, the Americas, and the Middle East.
27. IT Sector
⢠At present, most of the focus of Indo-U.S. service trade is in the information technology
(IT) sector. Over the last few years, U.S. companies have been outsourcing many aspects
of their IT work to India and other nations.
⢠According to one study, U.S. banks increased the share of their IT work overseas from 6%
to 30% by 2010, representing a transfer of over $10 billion of IT services.
⢠Another study projected that U.S. IT outsourcing would increase at a compound annual
growth rate of 5.9% over the next five years, reaching a total value of $17.7 billion in
2011.160 This later study indicated that an impending shortage of IT skills among
government employees will be one of the key stimuli of the outsourcing.
28. Financial Sector
⢠U.S. companies are not limiting their activities in India to IT; they are also utilizing India
to provide a growing array of services related to the financial sector.
⢠On April 11, 2007, Citigroup announced the elimination of 17,000 jobs â or nearly 5% of
its global workforce â and the relocation of 9,500 jobs to âlow-costâ locations.
⢠However, in the same news story, sources close to Citigroup said that between 5,000 and
8,000 jobs would be moved to India in the near future.
⢠Most of these relocated jobs would involve equity research, investment banking, and back
office transaction-related services.
⢠Many U.S. companies are establishing tech centres in India to take advantage of the
greater availability and lower cost of Indian engineers. Plus, leading Indian IT companies;
such as Tata, Infosys, Wipro, Satyam, and HCL Technologies are developing their
international IT service capacity.
29. Different Faces of Indo-American Relation
⢠Post- Independence (1947- 1997)
⢠NDA Government (1998- 2004)
⢠UPA I and II Government (2004- 2014)
⢠Modi Government (Since 2014)
⢠Trump Government (Since 2015)
30. Post Independence (1947- 1997)
⢠Prominent leaders of India's freedom movement had friendly relations with the United
States of America which continued well after independence from Great Britain in 1947.
⢠After Indian independence and until the end of the Cold War, the relationship between the
US and India was cold and often thorny.
⢠The US was seen tilting more towards Pakistan and India, on the other hand, proclaimed
to remain non-aligned.
⢠However, the thorny relationship was not because of India joining the NAM (Non-
Aligned Movement), but due to its closeness to the Soviet Union despite being non-
aligned.
⢠However, it was not until the late 1990s that there was a significant effort by both
countries to improve relations with each other.
31. Significant Events that affects Indo-U.S. relation:
⢠In 1948, India had rejected American mediation in resolving the Kashmir dispute with
Pakistan that started immediately after Independence.
⢠Closeness of the US towards India's arch-rival Pakistan during the War, with Pakistan
joining the US-led Western Bloc in 1954.
⢠The US stood by India during the 1962 India-China war, which the South Asian nation
eventually lost.
⢠The Nixon administration's support for Pakistan during the Indo-Pakistani War of 1971
affected relations till the dissolution of the Soviet Union in 1991. In the 1990s, Indian
foreign policy adapted to the unipolar world and developed closer ties with the United
States.
⢠After the return of Indira Gandhi to power in 1980, the relations between the two countries
continued to improve gradually, despite India not supporting the United States' role in the
Soviet invasion and occupation of Afghanistan.
32. Trade Relation
⢠In the first dozen years of Indian independence (1947â1959), the US provided $1.7 billion
in gifts, including $931 million in food.
⢠In 1961, the US pledged $1.0 billion in development loans, in addition to $1.3 billion of
free food.
⢠In 1984 Washington approved the supply of selected technology to India including gas
turbines for naval frigates and engines for prototypes for Indiaâs light combat aircraft.
⢠There were also unpublicized transfers of technology, including the engagement of a US
company, Continental Electronics, to design and build a new VLF communications station
at Tirunelveli in Tamil Nadu, which was commissioned in the late 1980s.
33. Details of Trade During Post
Independence
In Year
(1995)
Goods
Trade
Services
Trade
Goods & Services
Trade
Total 9 2.2 11.2
Exports 3.3 1.3 4.6
Imports 5.7 0.9 6.6
Balance -2.4 - -2
Source: https://ustr.gov/countries-regions/south-central-asia/india
Trade in billions of dollars (U.S. Trade with India)
34. NDA Government (1998- 2004)
⢠Under the prime minister ship of PV Narasimha Rao, India unleashed sweeping economic
reforms with Finance Minister Manmohan Singh in driver's seat.
⢠The reforms also helped strengthen the economic cooperation with the US and the rest of the
world. Till 1998, both the countries made mutual efforts to improve bilateral relationship.
⢠President Clinton made a visit to India in March, 2000. The visit saw many agreements being
signed, including on the establishment of an Indo-US Science & Technology Forum.
⢠September 11, 2001 attacks in the US and December 13 terror strike on the Indian Parliament
in the same year, the two countries decided to collaborate closely in the global war against
terror.
⢠After the September 11 attacks against the US in 2001, President George W. Bush
collaborated closely with India in controlling and policing the strategically critical Indian
Ocean sea lanes from the Suez Canal to Singapore.
35. Details of Trade During NDA
Government
In Year
(2000)
Goods
Trade
Services
Trade
Goods & Services
Trade
Total 14.4 4.7 19.1
Exports 3.7 2.8 6.5
Imports 10.7 1.9 12.6
Balance -7 - -6.1
Source: https://ustr.gov/countries-regions/south-central-asia/india
Trade in billions of dollars (U.S. Trade with India)
37. UPA I and II Government (2004- 2014)
⢠During the tenure of the George W. Bush administration, relations between India and the United
States were seen to have blossomed, primarily over common concerns regarding growing
Islamic extremism, energy security, and climate change.
⢠After the December 2004 tsunami, the US and Indian navies cooperated in search and rescue
operations and in the reconstruction of affected areas.
⢠After Hurricane Katrina, India donated $5 million to the American Red Cross and sent two
planeloads of relief supplies and materials to help.Then, on 1 March 2006, President Bush
made another diplomatic visit to further expand relations between India and the US.
⢠The influence of a large Indian-American community is reflected in the largest country-specific
caucus in the United States Congress, while between 2009-2010 more than 100,000 Indian
students have attended American colleges and universities.
⢠In November 2010, President Barack Obama visited India and addressed a joint session of the
Indian Parliament.
38. Trade Relation
⢠An Open Skies Agreement was signed in April 2005, enhancing trade, tourism, and
business via the increased number of flights, and Air India purchased 68 US Boeing
aircraft at a cost of $8 billion.
⢠In March 2009, the Obama Administration cleared the US$2.1 billion sale of eight P-8
Poseidon to India.
⢠This deal, and the $5 billion agreement to provide Boeing C-17 military transport aircraft
and General Electric F414 engines announced during Obama's November 2010 visit,
makes the US one of the top three military suppliers to India (after Israel and Russia)
39. Re-engaged the US-India Strategic Dialogue.
⢠In June 2010, the United States and India formally re-engaged the US-India Strategic
Dialogue.
⢠It outlined extensive bilateral initiatives in each of key areas:
Advancing global security and countering
terrorism
Disarmament and non-proliferation,
Trade and economic relations, High technology,
Energy security, Clean energy, and Climate
change,
Agriculture, Education, Health
Science and technology Development
40. Details of Trade During UPA
I and II Government
Source: https://ustr.gov/countries-regions/south-central-asia/india
Year
(2012)
Goods
Trade
Services
Trade
Goods & Services
Trade
Agricultural
Trade
Manufacturing
Trade
Total 62.6 31.1 93.7 6.2 57.3
Exports 22.1 12.3 34.4 0.9 19
Imports 40.5 18.8 59.3 5.4 38.4
Balance -18.4 - -24.9 -4.5 -19.4
Trade in billions of dollars (U.S. Trade with India)
42. Modi Government (Since 2014)
⢠The new government in New Delhi (Modi Government) provides the US and India the
chance to press the reset button and turn âareas of contention into areas of collaborationâ.
⢠In 2015 alone inward FDI increased 26 percent, suggesting that Prime Minister Modiâs
bold initiatives, like âMake in India,â have caught the eye of global companies.
⢠President Barack Obama and Indian Prime Minister Narendra Modi shared a connection
and invested tremendous amounts of time and political capital to improve the bilateral
relationship.
⢠During his visit to the US, Modi not only delivered on the above expectations and
promises but also took them forward in a smooth way.
⢠One of the compelling factors that drove Modiâs visit to the US was the intention to get
the economy on a resurgent path by wooing investors.
⢠According to reports, the US has overtaken Russia as the largest arms supplier to India in
the last three years. The US stands first, followed by Russia, France and Israel
⢠The United States named India a âmajor defense partnerâ and Prime Minister Modi
welcomed a strong American presence in the Indo-Pacific region.
43. Trade Details
⢠Following are the agreement that are signed between two nations during Modiâs visit:
⢠Arrangement between the Multi-Agency Centre/Intelligence Bureau of the Government of India and the
Terrorist Screening Center of the Government of the United States of America for the exchange of Terrorist
Screening Information.
⢠Memorandum of Understanding (MoU) between the Government of India and the Government of the
United States of America to enhance cooperation on Energy Security, Clean Energy and Climate Change.
⢠Memorandum of Understanding (MoU) between Government of India and Government of the United States
of America to enhance co-operation on Wildlife Conservation and Combating Wildlife Trafficking.
⢠Memorandum of Understanding (MoU) between Consular, Passport and Visa Division of the Ministry of
External Affairs, Government of India and US Customs and Border Protection, Department of Homeland
Security of the United States for the Development of an International Expedited Traveler Initiative (the
Global Entry Programme).
⢠Technical Arrangement between the Indian Navy and the United States Navy concerning Unclassified
Maritime Information Sharing.
⢠Memorandum of Understanding (MoU) between the Ministry of Petroleum and Natural Gas, Government of
India and the Department of Energy of the United States of America for Cooperation in Gas Hydrates.
44. Details of Trade During Modi
Government
Source: https://ustr.gov/countries-regions/south-central-asia/india
Year
(2014)
Goods
Trade
Services
Trade
Goods & Services
Trade
Agricultural
Trade
Manufacturing
Trade
Total 66.9 37.5 104.4 4.2 61.4
Exports 21.5 15.2 36.7 1.1 18.9
Imports 45.4 22.4 67.7 3.2 42.5
Balance -23.9 - -31 -2.1 -23.6
Trade in billions of dollars (U.S. Trade with India)
47. Can Trump Replicate the Obama- Modi
Partnership?
⢠President Barack Obama and Indian Prime Minister Narendra Modi shared a connection
and invested tremendous amounts of time and political capital to improve the bilateral
relationship. There is no reason that Trump and Modi canât find similar success.
⢠Trump has called Modi a âgreat manâ and has repeatedly expressed an interest in
working closely with India. He said that âthere wonât be any relationship more important
to usâ than the one with India.
⢠Donald Trump may well prefer maintaining friendship over principle, which could work
to Modiâs liking. There could be bumps along the road, however.
48. Trumpâs Policy: Declaring American Economice
Independence
⢠U.S. withdrawal from the Trans-Pacific Partnership (TPP)
⢠Appoint tough trade negotiators
⢠Direct the Secretary of Commerce to identify violations of trade agreements, and use
American and international law to end any abuses
⢠Renegotiate, and possibly withdraw from, the North American Free Trade Agreement
(NAFTA)
⢠Impose tariffs and taxes on countries actively manipulating their currencies to take
advantage of the U.S., and label China a currency manipulator
⢠Instruct the U.S. Trade Representative to bring trade cases against China addressing
violations of the World Trade Organization (WTO) rules and restrictions
⢠Employ aggressive tariffs against countries promoting illegal activities, such as the theft
of U.S. trade secrets
49. Will Indo- U.S. Relation Suffer
⢠Trump criticized Asian economies like China, Japan, and Korea for cheating the U.S. through currency
manipulation or bad trade practices.
⢠India was one of the few countries that escaped his wrath. However, India will not escape the negative
impacts of the trade policies Trump proposed during the campaign.
⢠Indiaâs positive goods trade balance will diminish if the U.S. erects trade walls.
⢠India is set to benefit from greater integration with the global economy, Trumpâs actions could depress
already sluggish global trade and growth.
⢠After growing at a steady pace from 2000 to 2013, bilateral trade has been stagnant in recent years. That
might continue under President Trump.
⢠If Trump seeks to reduce temporary work visas. Trump criticized the U.S. H-1B non-immigrant
specialty worker visa program during the campaign, saying it âdecimate[s]â American jobs.
⢠The Indian government has long sought more H-1B visas for its citizens, who are already the greatest
recipients of them.
⢠If President Trump keeps his promise to reduce H1-Bs, India would likely see fewer of its citizens
coming to work in the United States, putting its IT companies under greater pressure.
50. Conclusion
⢠Over a period of time Indo-U.S. relations were conditional; but ex-President Obama and
Prime Minister Modi led this relation to another stage. Now relation between India and
U.S. is much better than earlier and will continue to improve under the Trump-led
Government too as President Trump called India a âTrue Friendâ.
⢠The challenge for the next administration, then, will be fostering continued cooperation
with the Indian Government without creating an unmanageable security dilemma between
the United States and India on the one hand and China on the other.