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News: There are ample opportunities in the post-pandemic works in which India and USA can work together.
The present geostrategic and geoeconomic situation demands greater economic cooperation between India and US. During the pandemic, both India and US cooperated to airlift hundreds of millions of free doses of vaccines to low-income countries.
What are the challenges caused by the pandemic times?
– Shrinking consumers’ buying power because of inflation and supply chain woes.
– workforce shortage, shipping delays, and in some cases, empty store shelves.
– Increase in prices of essential commodities like fuel, cooking oil, etc.
| Read here: India and US Agrees to Resolve key Trade Issues |
What should US and India do to strengthen their relations?
Both countries are aspiring to achieve $500 billion in bilateral trade in goods and services.
They should work together to increase supply, bring prices down, improve economic confidence, remove unnecessary trade barriers, secure the free world’s supply chain, and promoting investment across the corridor, etc.
India can also secure its border through a stronger defense partnership with the USA on the lines of India-US Civil Nuclear Agreement.
| Read here: Deeper trade ties will benefit both India and US |
Both countries can also make the free world’s supply chains more robust and resilient through closer cooperation across a range of sectors including defense, energy, healthcare, and agriculture.
| Read here: deeper cooperation between the United States and India in trade can help India achieve a $5 trillion economic status |
Source: This post is based on the article “India-US partnership for post-pandemic world” published in the Indian Express on 22nd February 2022.
