Skip to main content

The Gist of Donald Trump’s Visit to India


By Amritbani
US President Donald Trump made his first official visit to India from 24th-25th February. Before embarking on his two-day visit to India, the President  dashed hopes for more cooperation  on trade and tariffs,  possibilities for major defense deals and the optics for a mass welcome at the just-constructed Motera/Sardar Patel stadium in Ahmedabad, which would hope to counterfeit the success of the “Howdy Modi!” event in Houston, Texas, in September 2019.
For Trump the achievements in domestic politics – his acquittal from impeachment thereby trying to retain his position in the upcoming presidential election and wooing Indian-origin electorate in the US – is one of the key factors behind this visit. For India this visit is looked at further strengthening the growing India-US relations.At the core of Mr. Trump’s foreign policy strategy are apprehensions about the trade deficit that the U.S. has with its economic partners worldwide. But largely, president Trump’s inaugural visit to India feels more like a tactic to boost personal relationships between the world’s two largest and oldest democracies. The relationship seems to be born from a shared sense of values, a shared economic stake in India’s modernization, a shared (if usually unspoken) concern about China’s rise, and a shared realization that Americans and Indians need to work together to tackle big, overarching challenges like climate change and transnational terrorism. This visit was particularly vital for India too as a means to forward its own interests for promoting multilateralism.
The US is amongst the few countries in the world with which India has a trade surplus. Although Trump himself has been fostering" America First "policy which includes protectionism, he has been critical at times when India has tried to protect its own interests. He has accused India a number of times for its high tariffs and trade deficits. India's large population make India a potential market for any country to do business with. But it's high time for India to change this image and negotiate to invite foreign capital that would play some role in boosting India’s economic and employment scenario. 


Comments

Popular posts from this blog

Stagflation: A Threat to India

India is entering into the stage of stagflation, just 2 years ago it was expanding at 8% and emerging as a major global player, the situation has come down to this. With higher prices of food, The new citizenship act, and the central bank's target, India is meeting its slowest development in a decade. The inflation in December 2019 increased to 7.35 percent which was the highest since July 2014, which is past the RBI limit of 6%. But what led to this situation? We have had demonetization in 2016, the implementation of GST followed by many other policies but what led to this?  Let's look at some facts. The consumption of volatile oil makes up about 60% of gross domestic product which puts off all the investment plans. Economic growth in the fiscal year through March 31 is set to slow to an estimated 5%. Teresa John, an economist at Nirmal Bang Equities Pvt in Mumbai, quoted “The recovery is likely to be very gradual and a stagflation scenario is likely. ” The government has...

Changing Environment For Local Business In Sri Lanka; Government Initiates The Revolution

Local industries and businesses are the backbone of the economy of any country. Additionally, Sri Lankan Government defines a local company as one with a minimum ownership of 51% of a Sri Lankan. To help these companies grow, the Sri Lankan Finance Ministry has proclaimed a circular enlisting the priorities to the local companies. Moreover, this move from the government may bring some salient alterations in the condition of the local manufacturers. The government has also come with up steps that will augment the local industries across the different domains. These domains include IT sector, construction, etc. The circular, as issued by the government includes relevant documentation regarding sourcing of resources and products. Additionally, sources point towards the fact that the government is hoping to extend support to the domestic sector and help them grow. Besides, the major focus is on the three sectors- IT software and hardware, construction and furniture and allied products. Pos...

Significance of the “Developed Country” Tag for India

By Xeena Mehta The officials of the United States Trade Representative (USTR) uphold a list of countries that categorises countries as “developing”, “developed”, and “least-developed”. Countries that are classified as “developing” have permissions to export certain goods to the U.S. without being hit by heavy legal tariffs that are bind to be imposed on goods from “developed” countries. The “developing country” tag was originated by U.S. Trade Act of 1974, to aid poor countries develop faster. World Trade Organization also acceded to grant trade benefits to countries that were classified as poor. If noticed we can see that about two-thirds of countries that are members of the WTO classify themselves as “developing” countries and avail fore deals. Any such classification of whether a country is “developing” or not is entirely objective. While the economic progress achieved by India and China have achieved over the last few decades is seen as a valid reason to get rid of their s...