USIRC urges for resilient, trusted, hassle-free and robust business partnership between United States and India amidst extraneously vitiated business environs. United States and India are two big countries, two great polities, two reputed value systems, two mature democracies and two big economies as well. Together these two nations constitute almost one third of global nominal GDP and hold the potential to scale up fast towards half of global nominal GDP.
They also have the potential to lead the global economy in fair and just way based on their common values like commitment to freedom, openness and merit. And that is the very reason for these two being the eyesore for monopolistic globalist powers. Two such countries do and can grow together and make the world grow along with.
Free Trade Agreements (FTAs) are not the sole means. Though FTAs can boost bilateral trade, FTAs can also lead to skewed bilateral trade impacting relations adversely later if not sooner. There are many other ways US and India are partnering and can sustainably partner for mutual and global growth.
They have different profiles in terms of skill sets and vantage positions in different sectors and these can be leveraged to complement and supplement each other. Let us exemplify this. India is fast emerging as manufacturing hub and on the other hand supply chain monopoly is one of the biggest concerns for the United States as of now. This provides the scope for complementarity between these two great economies.
India is rapidly emerging as infrastructure, IT and mining player of reckoning. It has made marks across continents. Pragmatic American investors have a golden opportunity to partner with Indian giants of these sectors. In defense, the United States is an R & D forte with an edge, while India is aspiring to scale up its defense manufacturing. US technology can assist India have strong bulwark for its defense preparedness against monopolistic dictatorial regimes around its territory and in the Indo-Pacific region. This can also help India emerge as a reliable partner in defense manufacturing for free world, specifically the open countries in the Indo-Pacific and for certain needs of countries like Israel.
Indian economy with its buoyant listed companies has unmatched entrepreneurial spirit free of shackles like diversity, equity and inclusion. This may be very attractive for prudent American investor community willing to promote merit based daring Indian enterprises competing with monopolistic exploitative state entities of dictatorial expansionist regimes.
United States and India have different diplomatic positions in geopolitical landscape of today and this can also be leveraged for growth of business for all. To sum up, US India economic partnership has a lot to offer not only for the two nations but also for the entire world.
In today’s surcharged loaded volatile environs vitiated by extraneous forces; USIRC urges the two governments, two business communities, two investor communities and two peoples at large to forge a strong and dynamic as well as resilient and trusted economic partnership. This partnership ought to be free of hassles and free of so called extraconstitutional undemocratic deep state and bureaucracy mooted frivolous restrictions and ploys to boost the global economy.
This partnership ought to shield global economy from mala-fide intentions of anti-freedom deep state and dictatorial monopolistic opaque regimes. The expansionist regime is vying to enslave the free world by trade wars and economic warfare, by debt trap, by grabbing and monopolizing the resources and supply chains, by demolishing upcoming enterprises navigating risky and turbulent parts of the world devoid of level playing fields and last but not least by harming badly the prudent investment communities.
At this vitiated juncture, such partnership is the need of the hour. Enterprises and Investors must be provided fair statutory framework, predictable taxation systems and robust protection with commitment for ease of doing business to grow as fast as they can. This will help them lift up the living standards of the two peoples and entire humankind. The world needs to be saved from the sinister onslaughts of globalist forces.