Washington: The bilateral relationship between India and the United States is evolving fast both in the strategic and economic domains, India’s top envoy to the US said, ahead of the 2+2 ministerial level dialogue on December 18.
“Inherent in India’s growth story is a natural partnership with the United States. This partnership is evolving fast both in strategic and economic domains,” India’s Ambassador to the US Harsh Vardhan Shringla told students and faculty of the Harvard Kennedy School in Cambridge, Massachusetts, on Friday.
“Our defense procurement relationship has gone up from almost nil 15 years ago to nearly 20 billion today. India is now a major defense partner of the United States. We have signed a number of foundation agreements and our militaries exercise regularly with each other,” he said. India-US bilateral trade, he said, has been growing 10 per cent year-on-year basis to reach $160 billion in 2019 and has also become more balanced, the Ambassador said.
The investment relationship is also bi-directional with 2,000 US companies investing around $40 billion in India covering almost every sector of the modern economy. At the same time, 200 Indian companies have invested $18 billion dollars in the US creating more than 1,00,000 jobs directly, he told the audience.
Source By NDTV