Ahead of the Budget session for the year 2024-2025, which is slated to roll out tomorrow, the President and CEO of the US-India Strategic Partnership Forum (USISPF), Mukesh Aghi, said that India's growth story is the result of the last ten years of having a responsible budget.
Highlighting the robust nature of the India-US relationship, Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum (USISPF), underscored that trade between the two nations has exceeded USD 200 billion.
The 14th ministerial-level meeting of the India-United States Trade Policy Forum (TPF) was held here in the national capital on Friday. Union Commerce Minister Piyush Goyal and US Trade Representative, Ambassador Katherine Tai, co-chaired the meeting.
External Affairs Minister S Jaishankar met US Trade Representative Ambassador Katherine Tai and discussed the expanding trade and economic relationship between India and the US.
The World Trade Organization (WTO) has circulated two panel reports on the cases brought by India and the United States and stated both parties notified the WTO they have mutually agreed on a solution to the matters raised in the disputes.
The trade between India and the US is likely to touch USD 300 billion in 2026-27 from USD 188 billion in 2022-23, with about 60 per cent rise in value, according to a report by industry body PHDCCI.
Ami Bera stressed that there has always been strong bipartisan support for the ties between the two nations. Notably, the invitation letter to PM Modi to address Capitol Hill on June 22 has bipartisan support.
Doval and Ambassador of India to the US, Taranjit Singh Sandhu highlighted India's remarkable capacity for technology development and absorption and emphasized India's use of technology not only as an enabler of economic growth but as an instrument of social inclusion.
Goyal said that issues related to resolving WTO disputes, restarting of exports of wild-caught shrimps, speeding up of business visas, resilient supply chains, data flow, and addressing climate change were discussed
Goyal is on an official visit to New York and Washington DC from 9-11 January to participate in India-US Trade Policy Forum. His visit included delegation-level talks and a one-to-one meeting with US Trade Representative Ambassador Katherine Tai.
The Union Minister of Commerce made these comments after the conclusion of the 13th India-US Trade Policy Forum with his US counterpart United States Trade Representative Ambassador Katherine Tai in Washington.
Goyal took to Twitter to post, "Addressed an industry gathering at the @USISPForum reception in Washington DC, along with U.S. Trade Representative, @AmbassadorTai. Spoke about the deepening of India-US trade engagement and the tremendous opportunities that lie ahead for both nations."