Modi wave: India-US partnership can touch $1 trillion by 2030
10 years, 6 months ago

Modi wave: India-US partnership can touch $1 trillion by 2030

India TV News  

Washington: An Indian foreign policy think tank has raised the tantalising prospect of India-US Partnership touching $1 trillion by 2030 as Indian Prime Minister Narendra Modi's landmark visit to the US later this month. To elevate the bilateral trade from $120 billion in 2013 to $1 trillion in 2030, Mumbai-based Gateway House, in a research paper authored by a former Indian American Obama administration official, advocates a different path for the India-US bilateral from all others Nish Acharya, a senior advisor at Northeastern University, suggests a path "based on the hockey-stick curve more typical of tech start-ups, one that will bring India into the group of the three other countries outside of the G7 which have a deep economic relationship with the US: Israel, Mexico and South Korea". "Towards this, India needs to build a 'Silicon Swadesh' -- a robust entrepreneurial ecosystem, modelled on Silicon Valley, to support home-grown innovation and entrepreneurship across several Indian cities," Acharya suggested. Noting that Indian Americans have contributed significantly to the entrepreneurial, small business and healthcare sectors in the US, Acharya suggested India could continue to feed this pipeline of skilled professionals in the US.

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