Year Ender 2022: A Remarkable And Historic Year For India-US Relations
1 year, 11 months ago

Year Ender 2022: A Remarkable And Historic Year For India-US Relations

ABP News  

Washington, Dec 28 The year 2022 has been a remarkable and historic year for the India-US relationship, top diplomats and experts from both sides feel and are confident that 2023 would be a momentous year for the ties between the world's largest and oldest democracies that will determine the future of technology and innovation. "2022 saw further consolidation of the India–US bilateral partnership in the direction and vision set by Prime Minister Modi and President Biden," India’s Ambassador to the US, Taranjit Singh Sandhu, told PTI as the year comes to an end. The year also saw tangible outcomes – resolution of some old market access issues, the first-ever maintenance of a US Naval Ship in India, the Quad focus on STEM, signing of an Investment Incentive Agreement, the launch of Technology Innovation Hubs as a collaboration of the respective science agencies, record level of trade and investments, etc, said Sandhu. Despite the pandemic, the bilateral trade between India and the US crossed the USD 100 billion mark in 2021, and in 2022, official figures state that the overall US-India bilateral trade in goods and services reached a record USD 157 billion, a drastic increase from the 2020 trade figures, he said. India’s G-20 Presidency and the commonalities that India’s priorities as President have with the US will also be a significant factor in this,” Sandhu told PTI when asked about the India-US relationship in 2023.

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