Lauding the progress in India-US ties, Defence Minister Rajnath Singh told the Indian diaspora that New Delhi and Washington are "destined" to be strong partners.
Rajnath Singh is on an official visit to the US from August 23 to 26 at the invitation of the US Secretary of Defence Lloyd Austin. He arrived in Washington, on Thursday
"India and the US are natural allies, we have old ties. Even destiny wants India-US relations to be strong," he said addressing the Indian community in Washington on Thursday.
"When Columbus went on the expedition to discover America, he met the native Americans...so I believe, from the start, destiny wants India-US ties to be strong. And, our ties are continuously strengthening. Only India and the US coming together can bring peace, prosperity and stability to the world," he added.
The Defence Minister further elaborated on India's economic progress in the last 10 years, emphasising that India has brought 250 mn people out of poverty and is poised to become the world's third-largest economy by 2027.
"Earlier, the Indian economy was among the 'Fragile 5', today it is among 'Stimulus 5'. Morgan Stanley has said that no one can stop India from being in the world's top 3 economies by 2027...India is one of the fastest-growing major economies," Singh said.
He further said that India combated the challenge of the Covid pandemic very efficiently and didn't let it impact the Indian economy.
"During the Covid pandemic, our Prime Minister combated the crisis with such strength...we didn't allow any adverse impact of the pandemic to hit our economy....in the last 10 years, our government has lifted 250 mn people out of the poverty line...our target is no one remains poor in the country in the next few years," he said.
"For Ease of Doing Business, our government removed 40,000 compliances in businesses...the number of start-ups was around 400-500 when our government, today it has crossed 120,000. We are world's second-largest mobile phone exporter. We are number one in digital transactions. India accounts for over 46 per cent of digital transactions globally," the Defence Minister added.
During the visit, the Defence Minister will hold a bilateral meeting with his US counterpart Secretary Austin. He will also meet the US Assistant to the President for National Security Affairs Jake Sullivan.
The visit comes in the backdrop of the growing momentum in India-US relations and defence engagements at multiple levels. The visit is expected to further deepen and broaden the India-US Comprehensive Global Strategic Partnership, the Ministry of Defence stated.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)