New Delhi:
Prime Minister Narendra Modi will reach Washington on Wednesday for a two -day visit to meet US President Donald Trump, which marks his first bilateral visit to the US since the Republican leader started his second term in the White House. In the midst of uncertainty that arises about the future of American immigration and tariff policy, the meeting between the two leaders is expected to focus on strengthening strategic ties between India-us, especially in areas of commercial cooperation.
This is in particular the earliest in the term of office of an American president that an Indian prime minister visits him. PM Modi and Mr Trump enjoyed a certain personal relationship during the first term of the US President, and from the New Delhi perspective, a face-to-face encounter between the two leaders is important.
Despite a certain pushback on immigration, India so far has largely been spared the rates of the new Trump government.
India-us trade relationship
From 2024, the US was the largest trading partner in India good for almost $ 120 billion in the trade. India, however, was tenth in the list of American trading partners. The bilateral trade between Washington and New Delhi is $ 129.2 billion in 2024, a record for the partnership, according to a report from DailyExpertNews.
Pearls, semi -precious stones, pharmaceutical products and electrical equipment are among the products that the American import from India. In the meantime, New Delhi gets crude oil and related products, gems and stones, nuclear reactors and electric and medical equipment from the US.
Mr Trump is planning to impose 25 percent rates on the two largest trading partners in America-Mexico and Canada and A rate of 10 percent already imposed on Chinese goods. In the midst of such tense trade relationships, India could benefit by exporting more technology, electronics and jewelry to the US.
In an article in January, Kenneth I Just's, former American ambassador in India from 2017 to 2021, and Mark Linscott, former Assistant -Marican trade representative for South and Central -Asian Affairs from 2016 to 2018, wrote both the United States and India Want to improve their economic influence in the Indo-Pacific region and the economic primacy of China.
“The time is ripe and the incentives are present for these two leaders to beat the chances and make a large deal,” said the article.
India-US trade deficit
According to the DailyExpertNews report, the trade deficit between the US and India has grown, with India exporting $ 45.7 billion more to the United States than it has imported in 2024. The import from India accounted for around 2.7 percent of all imported goods in us last year.
In the midst of this, Trump recently announced the imposition of mutual rates for countries with rates for American goods, including India. But experts believe that India could set up a case to prevent such taxes, because New Delhi recently assessed its trade policy in a movement that is assumed to tempt extra trade with the US.
Trump has also been pronounced about Prime Minister's own preference for rates, but New Delhi has indicated that it was open to cooling of taxes. Earlier this month, the Indian Finance Minister Nirlama Sitharaman lowered the import duties on motorcycles and electric vehicles, a movement that benefits American companies such as Harley-Davidson and Tesla.
