INDIAN and US diplomats are trying to arrange a February meeting between prime minister Narendra Modi and president Donald Trump in Washington, two Indian sources familiar with the discussions told Reuters…

  • tal@lemmy.today
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    7 hours ago

    India is keen to enhance trade relations with the US

    What I’ve read in the past has given me the impression that India has generally run fairly protectionist trade policy.

    considers

    I guess if the US really intends some substantial trade decoupling with China, maybe India figures that they can walk into that hole. That might not be a wildly unreasonable expectation.

    kagis

    That’s basically what’s being predicted here:

    https://www.bcg.com/press/13january2025-landmark-shifts-global-trade-flows

    India is emerging as the other big Global South trade story as it pursues favorable relations with most of the world’s major economies. We project 6.4% CAGR in India’s total trade through 2033, to $1.8 trillion annually, roughly in line with its high GDP growth. Among the drivers will be India’s growing popularity as a production base for companies seeking to diversify supply chains concentrated in China, hefty government incentives for manufacturing, a huge low-cost workforce, and rapidly improving infrastructure.