Bikky Khosla | 20 Jun, 2023
Prime
Minister Narendra Modi has departed for the United States today. During the
trip he will be given a ceremonial welcome at the White House, and later he
will hold a high-level dialogue with US President Joe Biden. The Indian Prime
Minister has visited the US six time since 2014, but this will be his first
state visit, which is being considered a significant one, with experts pointing
out that it will take India-US strategic partnership to a new level.
Amid
concerns over Beijing's growing aggression, the strategic landscape in the
Indo-Pacific has witnessed dramatic change in recent times, and in the
background of this, according to experts, the US is likely to extend a helping
hand for military modernization of India. Recently, the two sides had already
concluded a roadmap for defence industry cooperation and a further boost in
bilateral defence ties by no way seems far off.
But
trade ties are no less important, particularly in this age when geopolitics and
geo-economics are inextricably linked. Bilateral trade between India and the US stood at
$128.55 billion in FY 2022-23, making the latter our largest trading partner.
This partnership needs to be taken further. In addition, while the
US is making every effort to diversify supply chains beyond China, it is an opportunity
for India to woo American companies to the country.
India,
in recent years, has successfully maintained its strategic
autonomy while dealing with its national interests. It has maintained a historic
and enduring relationship with Russia, which, due to pressure from the West, nowadays
is looking to deepen its ties
with China, and both these countries are seen as strategic threats by the US.
No doubt, it is a tricky balancing act, but India must walk this diplomatic
tightrope and seek the best possible economic and diplomatic concessions from
the US.
I invite your opinions.