Atul Keshap, President of the US-India Business Council (USIBC), expressed optimism about the upcoming Trump-Modi summit, calling it a potential "win-win" for both nations. He emphasized that if the two leaders can negotiate a meaningful and impactful bilateral agreement, it could significantly boost economic growth. Highlighting the strength of the US-India partnership, he stated that when the world’s two largest democracies collaborate, the possibilities are limitless.

Keshap’s remarks come ahead of Prime Minister Narendra Modi’s first bilateral visit to the US since Donald Trump began his second term as President. Modi will be among the select few world leaders to visit Washington, DC, so soon after Trump's re-election, underscoring the importance of US-India relations.

According to Keshap, both the US and India have strong, well-established democratic systems and a combined population of 1.8 billion, which gives them a unique advantage in shaping the global economic and geopolitical landscape. He believes that few countries are as well-positioned as India and the US to drive global progress in 2025 and beyond.

He noted that while many global powers face political, economic, and social challenges, India and the US stand out due to their demographic strength, economic dynamism, and spirit of innovation. Their leaders share a strong and strategic bond, as demonstrated by Modi’s visit early in Trump’s second term.

Keshap also framed the US-India partnership as crucial in safeguarding global freedom. He pointed out that as China grapples with economic and demographic struggles, Russia remains entangled in the war in Ukraine, and Europe faces regulatory challenges, the US and India have an opportunity to showcase the power of open, democratic societies in fostering economic growth and prosperity.

"If the US and India can accelerate their GDP growth by working together, they will strengthen their leadership in the global power competition," Keshap said, adding that both countries must take bold steps to ensure their continued success. He stressed that economic growth is the key to securing prosperity, happiness, and stability for their people.

To achieve this, Keshap outlined several necessary actions. He urged both nations to move beyond bureaucratic and political hurdles that slow down progress. India, he suggested, should address US concerns about tariff and non-tariff barriers to create a more investor-friendly environment. Meanwhile, the US should recognize India as a trusted technology partner, particularly in fields like artificial intelligence, quantum computing, and defense. Additionally, America should find ways to better integrate India's skilled workforce into its industries.

Keshap also called for a well-structured and mutually beneficial trade deal that enhances investment opportunities for both nations. He highlighted the need for more US exports to India, including oil, gas, and fighter jets, while welcoming increased Indian investment in the US, particularly in energy and critical mineral sectors. He urged both governments to resolve bureaucratic roadblocks in defense sales and to work creatively to strengthen economic ties.

Finally, he emphasized that American companies operating in India should be seen as long-term investors contributing to India's growth in sectors like e-commerce, fintech, defense, and energy. Likewise, he suggested that the US should rely more on India to help secure supply chains for essential goods like computer chips, medicines, and refined hydrocarbons. Concluding his remarks, Keshap wished President Trump and Prime Minister Modi success in strengthening the US-India partnership, reinforcing economic and strategic cooperation, and elevating the aspirations of both nations.

Disclaimer: This image is taken from Business Standard.