Joe Biden, is now the 46th President of the United States. Joe Biden victory would surely strengthen India-US trade relations. India is the 9th largest goods trading partner of the United States. Let’s Check How Joe Biden’s Victory Would Develop Indian Trade In 2021. & how it will impact India in many different ways.
Corruption is a cancer: a cancer that eats away at a citizen’s faith in democracy, diminishes the instinct for innovation and creativity; already tight national budgets, crowd out important national investments. It wastes the talent of entire generations. It scares away investments and jobs.
“We did it” – Kamala Harris
Undoubtedly, the 2020 U.S. elections are something that no one would want to forget. Watching the headlines on Television that Kamala Harris, the first Indian-origin woman vice president of the U.S. ‘Could not be prouder’, said the 44th U.S. President, Barack Obama. Obama wished Kamala Harris Saying “groundbreaking election.” From India’s perspective, we too look forward to strengthening India-US trade relations & much more. What sounds better that India’s Prime Minister, Narendra Modi saying ‘We will work together again’? So, as great leaders around the world wished Joe Biden, let’s hope for the best.
India-US Trade Relations
The US is India’s largest trading partner in the world. Mainly, the US imports products like information technology services, machinery & textiles. Also, it includes; gems, diamonds, chemicals, iron & steel products. Wherein, India mainly imports; aircraft, fertilisers, computer hardware, medical equipment & scrap metal. Also, India is the United State’s one of the largest investment partners.
In July 2005, former President Bush & Prime Minister Manmohan Singh created The Trade Policy Program. Overall, the goal of TPP is to increase investment flow & bilateral trade. Making India-US Trade relations stronger. Sounds good, isn’t it?
There are Five major subdivisions of the trade policy forum including: 1. The US & India will sign the basic exchange & cooperation agreement (BECA).
2. Here, India can cut special regulations on trading carbonated drinks, and some medicinal drugs, & lower many import regulations.
3. Many agricultural terms & regulations exist. Majorly, to certify Indian products to the standards of the US Department of agriculture & executing regulation procedures.
What is the stake of India In the US Election?
US presidential elections are always important for India as well. There is no doubt about it. After all, it’s about India-US Trade as well. Overall, bilateral, global, economic & geostrategic are major inclusions. But, wait! There are two major reasons:
- Interdependent affairs, & national economic progress.
- Complex relationship between India & US.
We can just hope that Joe Biden’s Victory would lead to the best India-US trade relationships.
Impact on Future Trade deals
Both the countries are growing stronger but still more things to be done in future. India’s US- trade relationships can surely open the door to huge investment opportunities. Also, Joe Biden has a good working experience as well. No Newbie! Joe Biden once said “Corruption is a cancer: a cancer that eats away at a citizen’s faith in democracy, diminishes the instinct for innovation and creativity; already-tight national budgets, crowding out important national investments. It wastes the talent of entire generations. It scares away investments and jobs.” So, we can see a man with clear intentions.
India’s Prime Minister, Narendra Modi also deserves a word of appreciation. Joe Biden’s victory would lead to a healthy relationship between India-US trade. Also, if we look at the history, India & US relationship is amazingly good. Touchwood! Nothing suspicious, just to add a little creative writing stuff. So, Let’s look forward to how Joe Biden’s victory would impact India economically & much more. Many other factors are also equally important like; world peace, awareness activities, employment & so on.
Conclusion:
Healthy India-US trade relationship is what India is expecting after Joe Biden’s Victory. Over and above, the governments of both nations are equally responsible. Equally responsible for India-US trade relationships. Equally responsible for growing together economically. Also, many more things are there Indian Us Trade Relation. Let’s start exporting! Export more & more for yourself & to contribute to this nation. Join Digital Exim, India’s best export import consultant to make you the No.1 International businessman. East or West, Digital Exim is always the best. Learn through proper export import practical training with India’s best export import consultancy group. Therefore, call on 9505506333 to start your golden export-import with us.
