US-India Strategic Forum Of 1.5 Dialogue Will Push Ties After PM VisitOctober 21, 2019 10:36
(Image source from: economictimes.indiatimes.com)
Following so many discussions surrounding the trade ties and other political relations, it can be concluded for a fact that the two nations are currently in a good state in terms of political ties. The US-India Strategic Partnership Forum is all set to conduct one of the largest gatherings around the world. It is going to include 300 private sector executives along with global CEOs and some of the India and US leaders.
The Annual Leadership Summit is all set to be conducted in New Delhi on October 21, 2019. With the objective of “Partners for Growth”, it is all set to include a full spectrum discussion in the current state of the economy in the two nations along with proper insights on the growth trajectory in both US and India.
This specific summit does have a very important role in the backdrop of PM Narendra Modi’s recent visit to the United States and the light thrown on the India-US trade deal that has been a major concern for the two nations.
Some of the distinguished speakers in the summit will include a complete panel, including:
- Minister of External Affairs, Dr. S. Jaishankar
- Minister for Petroleum & Natural Gas & Steel, Dharmendra Pradhan
- Minister of Commerce and Industry & Railways, Piyush Goyal
- Minister of State for Finance & Corporate Affairs, Anurag Thakur; Ram Madhav
- National General Secretary of the BJP; Former US Secretary of State, Dr. Condoleezza Rice
- Former US Secretary of State, Dr. Henry Kissinger
- Technical Advisor of Alphabet Inc. and former Google CEO Eric Schmidt
- President & CEO, Bank of the West, Nandita Bakhshi
- Chairman of PwC Global Bob Moritz; President of Emerson Mike Train
- Chief Legal & Policy Officer, Netflix, David Hyman
In one of the released reports by USISPF, it was mentioned that the bilateral trade by 2025 could be between $238 billion to $326 billion among India and US. The same is expected to have an annual growth rate of 10-12.5%. This assessment with the detailed reports is believed to help contribute to the growth and the economic opportunities between the two nations.
Some of the specific sectors that is expected to have an ample amount of growth following the US investment to India including defense trade, oil and LNG, commercial aviation, electronics and machinery, to name a few. With the Indian investments, the automotive, pharmaceuticals, IT and seafood industry in US is expected to soar through.
The main objective with the US-India Strategic forum is to help create the most powerful partnership between India and the United States. The same does have its headquarters stationed in both the United States and India in New York, Silicon Valley, New Delhi and Mumbai.
By Somapika Dutta