India And Us

Nasscom launches US CEO Forum to boost India-US tech collaboration

Industry body Nasscom has launched a special forum to deepen IndiaUS technology collaboration and provide a platform to reinforce the bilateral tech corridor as a foundation for global digital transformation and inclusive economic growth. The Nasscom US CEO Forum was launched at the Consulate General of India in New York last week. Cognizant CEO Ravi Kumar has been named Chair of the Forum, while Amit Chadha, CEO and Managing Director of L&T Technology Services, will serve as Co-Chair. Conceived as a premier leadership platform, the Nasscom US CEO Forum aims to advance the technology and innovation partnership between India and the United States, one of the world's most forward-looking bilateral relationships, the industry body said in a statement. The forum will bring together leading Indian tech CEOs and key US stakeholders to drive strategic dialogue across innovation, enterprise, policy, and talent development. A major milestone for the IndiaUS tech corridor! the Indian ...

India may soon finalise US trade deal, but must tread carefully: GTRI

India could be among the countries expected to finalise a trade deal with the US soon, as President Donald Trump steps up pressure by issuing formal tariff letters to several nations, but New Delhi must tread carefully, economic think tank GTRI said on Tuesday. "Trump's model isn't a free trade agreement, it's a YATRA - Yielding to American Tariff Retaliation Agreement," the Global Trade Research Initiative (GTRI) said. The US has extended the deadline for countries to finalise bilateral trade deals with the US from July 9 to August 1, giving a final three-week window before sweeping country-specific tariffs come into force, it added. The extension is part of a broader trade offensive launched on April 2, when Trump identified about 60 countries for special tariffs unless they signed new deals aligning with American trade interests. So far, only the United Kingdom and Vietnam have complied. A temporary ceasefire deal with China is also in place. "Now, Trump is escalating the press

Watch: JD Vance, wife Usha arrive in Delhi, received by Ashwini Vaishnaw

US Vice President JD Vance lands in Delhi for a four-day visit aimed at boosting India-US trade ties, with key talks scheduled with PM Modi amid global tariff tensions

Committed to 'productive, balanced' trade ties with India, says US 

It is learnt that the discussions will hammer out the details of the proposed BTA, with the aim to finalise the contours of the deal. Lynch is also the chief negotiator for the BTA

India not too perturbed by Trump's disruptive agenda for businesses

With a bigger mandate for his second term, Trump has promised to hike the tariffs across the board and levy higher import duties on goods from China, Mexico, Canada and India

How India's trade ties with US panned during past two administrations

Here's looking at how the last two terms panned out

Following Gaza ceasefire deal, IMEC Corridor can become reality: Biden

With the ceasefire deal between Israel and Hamas in Gaza Strip, the path-breaking IMEC Corridor that stretches from India to Europe through the Middle East could now become a reality, US President Joe Biden said Wednesday. At the G20 in Delhi on September 23, I rallied key countries behind a vision of an economic corridor from India across the Middle East to Europe. That vision can now become a reality, Biden told reporters at the White House as he announced the agreement between Israel and Hamas on Gaza and hostages. The India-Middle East-Europe Corridor (IMEC) is seen as an alternative to China's One Belt, One Road Initiative. Signed by eight countries India, US, Saudi Arabia, UAE, European Union, France, Germany and Italy in New Delhi on September 9, 2023, it aims to bolster transportation and communication links between Europe and Asia through rail and shipping networks. The IMEC Corridor project immediately hit a roadblock with the Hamas attack on Israel in October ...

India can use retaliatory measures in case of trade war with US: Think tank

In 2023, bilateral trade between India and the United States reached $117.8 billion, with India importing goods worth $42 billion and exporting $75.8 billion

India eyes $25 billion export opportunity in US amid China tariff dispute

These sectors include electronics and electrical equipment, footwear, textiles and garments, furniture and home decor, automotive components, toys, and chemicals

Indian Oil Corporation probes allegation of US firm bribing officials

State-owned Indian Oil Corporation (IOC) has begun a probe into allegations of a US speciality chemicals firm bribing its officials 15 years back to obtain contracts to supply catalysts, according to a company's regulatory filing. Albemarle Corporation, a global speciality chemicals supplier that develops and sells catalysts used in the operation of oil refineries, allegedly "paid approximately USD 1.14 million in commission to India intermediary company relating to Indian Oil Corporation business and obtained approximately USD 11.14 million in profits on that business between approximately 2009 and 2011," according to a US SEC order dated September 28, 2023. Albemarle was caught for bribery by the US authorities in 2017 and then settled the case in September 2023 by paying a hefty fine of more than USD 198 million to avoid prosecution. In a filing, IOC said it is "neither party to nor is there any allegation against the company in relation to the proceedings" in the US SEC. "Howev

'Chai and samosas': US hotels welcome Indian tourist boom to revive revenue

Nearly 1.9 million Indian tourists visited the U.S. in the first ten months of 2024, a nearly 48% rise from 2019, according to data from the U.S. National Trade and Tourism Office (NTTO)

India-US trade not hit by regime changes: Commerce Secretary Sunil Barthwal

Since 2001, the US has shown a steady and growing demand for goods from India, with imports rising significantly

India-US trade to continue to grow despite regime change: Commerce Secy

India's trade relations with the US will continue to grow irrespective of the change in regime in America, a top government official said on Thursday. According to the commerce ministry data, India's exports to the US jumped to USD 39.2 billion in October against USD 21.46 billion in October 2015. During 2001-23, at a Compounded Annual Growth Rate (CAGR), India's exports to America rose by 10.48 per cent. In this period, the US imports from the world have grown by 4.76 per cent. "Our (India-US) integration is growing and we are getting bi-partisan support. whatever is the regime (in the US), we are finding that our economic integration with the US is increasing over the period of time...and that is a good thing for us and I trust that it will continue (to grow)," Commerce Secretary Sunil Barthwal told reporters here. He added that the two economies have strongly integrated with each other through various agreements, including the IPEF (Indo-Pacific Economic Framework for Prosperity

Pannun murder plot: US seeks meaningful accountability from India's probe

The US has said it would not be fully satisfied until there is "meaningful accountability" resulting from India's investigations into the alleged foiled plot to assassinate Sikh separatist Gurpatwant Singh Pannun on American soil. The Indian government has denied its association or involvement with such a plot to kill an American national on US soil. Following allegations by the US, New Delhi had set up an inquiry committee to investigate the matter. We continue to expect and want to see accountability based on the results of that investigation, and certainly the United States won't be fully satisfied until there is meaningful accountability resulting from that investigation, State Department Deputy Spokesperson Vedant Patel told reporters at a news conference. Patel was responding to a question on last week's visit of an Indian Enquiry Committee to the US for talks. There was valuable engagement with India's inquiry committee last week, and information was exchanged between our tw

Indian migrants top list of educated global pool in US at 14%: Think tank

The data trend for H-1B workers, a term used to describe foreign professionals in the US, showed that in 2022-23, over 72 per cent of approved H-1B petitions were for workers from India

'Exercise Yudh Abhyas': India, US hold multiple drills in Rajasthan

Troops of Indian and US Armies carried out multiple drills during the ongoing 'Exercise Yudh Abhyas' in Mahajan firing ranges in Rajasthan, with the aim to strengthen interoperability and foster greater synergy between the two forces.The soldiers participated in the validation phase of Exercise Yudh Abhyas in Rajasthan. The drills included a display of targeting small drones by trained birds, firing of howitzers, heavy machine guns, and mortars, and showcasing of their armoured vehicles.During the exercise, the Indian and US troops carried out counter-terrorism drills during the exercise Yudh Abhyas, during which the choppers like the Apache attack helicopters and ALH Dhruv variants also participated.In a post on X, Amitabh Sharma, Public Relations Officer, MoD (Rajasthan), Jaipur, stated, "Validation phase of Exercise #YudhAbhyas underway at Mahajan Field Firing Range Annihilation of enemy with stealth, manoeuvre & firepower by #Apache #Prachand #Rudra WSI."Additional ...

'Unwarranted': India reacts to US court summon over 'plot' to kill Pannun

A US court has summoned the Indian government following Khalistani leader Gurpatwant Singh Pannun's lawsuit alleging an assassination plot against him, a charge that has been denied by the Centre

Change in White House won't affect ties, wants India as 'BFF': US envoy

The US wants to build a "BFF (best friends forever) relationship" with India, and a change of guard at the White House will not change ties between the two countries, US Ambassador Eric Garcetti said on Wednesday. Without naming China, Garcetti said if New Delhi has to contend with "regional competitors", it will have to reduce the dependence on a single country and added that such a reliance is not just an economic risk, but a security risk as well. Speaking at the Milken Institute event here at a time when five pension funds with USD 1.8 trillion of assets under management are scouting for investment opportunities in India, Garcetti exhorted the Americans to invest more in the country for their own good. Borrowing the acronym of the pension funds' tour christened Building Financial Futures, Garcetti made clear American intent on India-US ties. "We want to build a BFF (best friends forever) relationship between the US and India," he said. Deploying a colloquial phrase popular on