Indo-us

Defining India-US relations

Defence cooperation is fizzling out with no big-ticket procurement driving forward the relationship

To join 'trade' pillar under IPEF or not? Govt's final call soon

Currently, India has an 'observer' status as far as the trade pillar is concerned

India, US sign pact on semiconductor supply chain, innovation partnership

The cooperation comes in the backdrop of the chip shortage that had badly disrupted supply of automobiles and electronics in both countries, particularly after the outbreak of Covid-19

India, US agree to streamline funding for research projects, says NSF

In a significant move, India and the United States have signed an agreement that would streamline the selection and funding process of research projects between scientists and engineers from the two countries. The opportunities under the arrangement are broad and can nimbly adjust to strategic priorities and researcher interests in computer science and engineering, geosciences, math and physical sciences, engineering, and emerging technologies, the National Science Foundation (NSF), an independent agency of the US that supports fundamental research and education in all the non-medical fields of science and engineering, said on Wednesday. "Through the creation of these opportunities, we are emphasising to the science and technology communities and the world that our governments are serious about breaking down barriers and facilitating collaboration," said NSF Director Sethuraman Panchanathan. The Indian-American NSF director said that the implementation of the arrangement would ...

India, US reaffirm commitment to free, open and inclusive Indo-Pacific

India and the US on Tuesday reaffirmed their commitment to a free, open and inclusive Indo-Pacific, with the objective of ensuring peace, stability and prosperity in the region. The situation in the Indo-Pacific came up for discussion during talks between Foreign Secretary Vinay Mohan Kwatra and visiting US Under Secretary of State for Political Victoria Nuland. In the talks, held under the framework of annual India-US Foreign Office Consultations, the two sides covered contemporary regional developments in South Asia, Indian Ocean Region and the Indo-Pacific, according to the Ministry of External Affairs (MEA). "The two sides reiterated their commitment to a free, open and inclusive Indo-Pacific, with the objective of ensuring peace, stability and prosperity in the region," it said in a statement. The MEA said both sides reviewed progress made towards further consolidating the India-US Comprehensive Global Strategic Partnership. It said Kwatra and Nuland took stock of a number of

'India a great example of countries choosing security assistance from US'

In 1997, defence trade between India and the US was almost negligible, today it stands above $20 billion

India looking at bigger ambitions in trade with US, says Piyush Goyal

Two specific targets for this elevated engagement were semiconductors and defence production

India, US establish new trade group to build sustainable supply chains

The Trade Policy Forum, revived in 2021 after a gap for four years, will reconvene on a ministerial level before end of 2023

India to host next round of negotiations of US-led IPEF in February

Negotiations will include supply chain, tax and anti-corruption pillars under IPEF

US Secretary of Navy on five-day visit to India, to inspect INS Vikrant

He will also meet Indian Navy chief, Admiral R. Hari Kumar, and high-ranking government officials in New Delhi

Janet Yellen's visit reflects profoundness of US-India relationship: USISPF

US Treasury Secretary Janet Yellen's visit to India reflects the profoundness of bilateral ties, US India Strategic and Partnership Forum said on Saturday, asserting that the strong commercial relationship has fructified due to the shared democratic outlook and strong people-to-people contacts. In her first visit to India as Secretary of the Treasury, Yellen on Friday termed India as an "indispensable partner to the US" and called for further strengthening trade and investment between the two nations. Secretary Yellen's visit to India, shortly after meeting her counterpart Finance Minister Sitharaman in Washington a few weeks ago, reflects the profoundness of the relationship and the deep collaboration that exist between various ministries, beyond the principal and Foreign Minister and Secretary of State level meetings, USISPF president Mukesh Aghi said. Both Secretary Yellen and Finance Minister Nirmala Sitharaman have used this august forum in the US-India Economic and Financial .

India-US bilateral trade may reach $500-600 billion by 2030: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday exuded confidence that the India-US bilateral trade in goods and services will reach USD 500-600 billion by 2030 as their relation continues to strengthen. The trade between the two countries stands at about USD 175 billion at present. On whether India will join the trade pillar of 14-member Indo-Pacific Economic Framework for Prosperity (IPEF), Goyal said it would depend on what India will get in return. While 13 member countries have joined all four subjects -- trade, supply chains, clean economy and fair economy-- under IPEF, India has opted out of the trade pillar as of now. It has joined the other three subjects. "With regard to joining the trade pillar of IPEF, India decides its strategy on its own terms...If you want binding commitments (from India) on different subjects, tell me what I am getting in return. It has to be good for my people and my country. What you give me in return will determine whether I will join t

India to be one of top three economic powers in next 10-15 years: FM

India has emerged as one of the fastest-growing major economies in the world and is expected to be one of the top three economic powers globally over the next 10-15 years, Finance Minister Nirmala Sitharaman said on Friday. Speaking at the US-India Businesses and Investment Opportunities event here, Sitharaman said, the global economic outlook remains challenging and the Indian economy is not insulated from the impact of global economic developments. However, she said, India has carved out its growth trajectory supported by the above-normal south-west monsoon, public investment, strong corporate balance sheets, upbeat consumer and business confidence and receding threat of the Covid pandemic. "India has emerged as one of the fastest-growing major economies in the world. It has recently surpassed the UK to become the fifth-largest economy in the world and is expected to be one of the top three economic powers globally over the next 10-15 years," she said. Listing out some of the ...

US Department of Treasury removes India from its Currency Monitoring List

The US Department of Treasury on Friday removed India along with Italy, Mexico, Thailand and Vietnam from its Currency Monitoring List. China, Japan, Korea, Germany, Malaysia, Singapore, and Taiwan are the seven economies that are a part of the current monitoring list, the Department of Treasury said in its biannual report to the Congress. The countries that have been removed from the list have met only one out of three criteria for two consecutive reports, it said. China's failure to publish foreign exchange intervention and broader lack of transparency around key features of its exchange rate mechanism makes it an outlier among major economies and warrants Treasury's close monitoring, said the report.

Need high regulatory standard globally to deal with crypto risks: Yellen

US Treasury Secretary Janet Yellen on Friday said there is a need for a high regulatory standard globally to deal with risks related to cryptocurrencies. The United States has made a good deal of progress at least in dealing with the issues of illicit finance in connection with cryptocurrencies, she said here. She was participating in a roundtable interaction on India-US Business & Economic Opportunities with top business leaders and eminent economists from both the countries. "We need a high regulatory standard globally, we need to take steps to reduce the cost of cross-border payments and we are very actively working in the context of financial stability with Financial Action Task Force and multilateral banks like IMF to really address on global basis the risks and some of the benefits from cryptocurrencies," she said. International collaboration is really important among public authorities, private sector and other stakeholders, she added Finance Minister Nirmala Sitharaman has

India looks to strengthen ties with US with greater vigour: FM Sitharaman

India and the US will look forward to strengthening bilateral ties with greater vigour, Finance Minister Nirmala Sitharaman said here on Friday. Addressing the media jointly with US Treasury Secretary Jannet Yellen at the start of the Ninth Indo-US Financial Partnership, Sitharaman said that bilateral talks will impart greater vigour to the long-standing relationship with the US. India, Sitharaman said, "Deeply values its relationship with the United States as a trusted partner. We share a traditionally strong bilateral relationship underpinned with shared values, convergence of interests on wide ranging issues and vibrant people-to-people contact." The substantial and multi-faceted cooperation through the economic and Financial Partnership Forum remains a key cornerstone of the bilateral engagements, the finance minister added. "Our meeting will lend greater vigour to our economic relationship, strengthen business-to-business links, and facilitate coordinated policy stance to addr

Treasury Secretary Yellen to visit India to deepen US-India economic ties

US Secretary of the Treasury Janet Yellen will visit India to participate in the US-India Economic and Financial Partnership on November 11 and discuss how the two countries can work together to deepen their economic ties, according to an official announcement here on Friday. In New Delhi, Yellen will highlight the strength of America's partnership with India, which continues to deepen, the Treasury said in a statement. Yellen will meet with technology sector leaders and visit the Microsoft India Development Centre, where she will deliver remarks on the United States' economic partnership with India, it said. She would also hold a bilateral meeting with Union Finance Minister Nirmala Sitharaman. Following the US-India Economic and Financial Partnership (EFP) dialogue, Yellen will join Sitharaman for a fireside discussion with executives from major Indian companies and American companies operating in India. To conclude the day, Yellen and Sitharaman will sign a joint statement on

Indian-Americans secret weapon for economic growth: Congressman Jim Himes

Indian-Americans are a "secret weapon for economic growth", Congressman Jim Himes said showering praises on the thriving community, which is the highest-earning ethnic group in the US.

US Secretary of State Blinken discusses Ukraine war with EAM Jaishankar

US Secretary of State Antony Blinken held a telephonic conversation with External Affairs Minister S. Jaishankar and discussed the ongoing Ukraine war, counterterrorism and other regional and global issues. Jaishankar thanked Blinken for his "strong and clear message" on counter-terrorism as well as his call for holding those responsible for the 26/11 Mumbai attacks accountable. The two leaders spoke on Saturday. The two discussed regional and global issues, including counterterrorism cooperation and Russia's continuing aggression against Ukraine, Ned Price, spokesperson of the State Department said in a readout of the call on Saturday. "Good to speak to US Secretary of State @SecBlinken. Thanked him for his strong and clear message yesterday on counter-terrorism and 26/11 accountability. Discussed the Ukraine conflict and other regional issues," Jaishankar tweeted on Saturday. Blinken, while addressing an informal session of the UN Security Council's Counter-Terrorism Committee (

India joins US-led Indo-Pacific economic bloc aimed at countering China

On issues such as digital commerce, labour, and environmental standards, India and the US have contrasting views