In a speech delivered at Microsoft in New Delhi in November, United States (US) treasury secretary Janet Yellen called for a deepening of US-India ties and emphasised the importance of “friendshoring” between the world’s two largest democracies. She identified climate, digital trade, and development as areas ripe for cooperation. The subtext was clear: The US-India bilateral trade agenda is not where it should be. In fact, the US-India trade relationship has been strained for quite some time but this is sometimes cloaked by the advances in security cooperation. The US is often frustrated by India’s protectionist trade policies. India, for its part, perceives the US as insufficiently accommodating of its developing country status. If the US-India partnership is truly to serve as a bulwark against growing geopolitical threats from China and Russia and other geoeconomic disruptions, then the security and economic pillars of the relationship need to be strengthened in tandem.
Article by Inu Manak, Author and Manjari Chatterjee Miller, Author - Originally published at Hindustan Times - December 19, 2022 4:09 pm (EST) - https://www.cfr.org/article/boosting-trade-key-stronger-indo-us-ties?amp&source=gmail&ust=1671650747069000&usg=AOvVaw0iI-DdmoxgaCX19KV2u_J_
Manjari Chatterjee Miller is senior fellow for India, Pakistan, and South Asia at the Council on Foreign Relations (CFR). She is also a research associate in the Contemporary South Asian Studies Programme at the Oxford School of Global and Area Studies at the University of Oxford. An expert on India, China, South Asia, and rising powers, she is the author of Why Nations Rise: Narratives and the Path to Great Power (2021, shortlisted for the 2022 Hedley Bull Prize in International Relations) and Wronged by Empire: Post-Imperial Ideology and Foreign Policy in India and China (2013). Miller is also the co-editor of the Routledge Handbook of China-India Relations (2020), a monthly columnist for the Hindustan Times, and a frequent contributor to policy and media outlets in the United States and Asia.
Photo Credit: By Prime Minister's Office (GODL-India), GODL-India, https://commons.wikimedia.org/w/index.php?curid=110430880