Trump-Modi summit can be a huge win-win for both sides: USIBC President Atul Keshap
Atul Keshap on Trump-Modi Summit: A Chance for US-India Economic Growth
Atul Keshap, President of the US-India Business Council, expressed optimism about the upcoming summit between US President Donald Trump and Indian Prime Minister Narendra Modi. He believes this meeting could lead to a significant bilateral deal that boosts economic growth for both nations.
Potential for Economic Growth
Keshap highlighted the unique strengths of the US and India, such as their demographics and innovation, which position them as leaders in global growth. He emphasized the importance of economic collaboration to enhance prosperity and happiness for citizens.
Key Steps for Success
Keshap outlined several steps to achieve a successful partnership: overcoming bureaucratic barriers, addressing US concerns about trade barriers, recognizing India as a technology partner, and leveraging India's skilled workforce. He also stressed the need for a mutually beneficial trade deal to enhance investments and exports between the two countries.
Strategic Importance
Keshap noted the strategic importance of the US-India relationship in the global power competition, especially in light of challenges faced by other major powers. He urged both nations to seize this opportunity to demonstrate the benefits of free and open societies.
He concluded by wishing success to President Trump and Prime Minister Modi in strengthening the strategic, economic, and technological partnership between the US and India.
Doubts Revealed
Atul Keshap
Atul Keshap is the President of the US-India Business Council, which is a group that helps businesses in the US and India work together.
Trump-Modi Summit
The Trump-Modi Summit refers to a meeting between Donald Trump, who was the President of the United States, and Narendra Modi, the Prime Minister of India, to discuss important issues between the two countries.
US-India Economic Growth
US-India Economic Growth means the increase in trade and business activities between the United States and India, which can help both countries become richer and create more jobs.
Bilateral deal
A bilateral deal is an agreement between two countries, in this case, the US and India, to work together on certain issues like trade, technology, or security.
Demographics
Demographics refer to the characteristics of a population, such as age, gender, and income, which can affect how a country grows and develops.
Innovation
Innovation means creating new ideas, products, or ways of doing things that can make life better or solve problems.
Bureaucratic barriers
Bureaucratic barriers are rules and procedures that can make it difficult for businesses to operate smoothly, often involving a lot of paperwork and approvals.
Technology partner
A technology partner is a country or company that works with another to share and develop new technologies, like computers or software, to help each other grow.
Strategic importance
Strategic importance means something is very important for planning and achieving long-term goals, like the relationship between the US and India for global peace and economic growth.
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