During a meeting in New Delhi, US Vice President JD Vance and Indian Prime Minister Narendra Modi praised the significant progress in trade negotiations between the two nations. Discussions focused on improving cooperation in sectors like energy, defense, and technology. Vance indicated that the terms for future trade talks were finalized and emphasized the importance of collaboration for a prosperous future. The US and India aim to boost bilateral trade, previously reported at $129 billion, to $500 billion by 2030 amidst tariff concerns from the US government.
Vance and Modi hailed significant progress in trade talks, emphasizing energy, defence, and technology cooperation, while seeking to enhance bilateral trade to $500 billion by 2030.
Speaking in Jaipur, Vance praised Modi and emphasized, 'if India and the United States work together successfully, we are going to see a 21st century that is prosperous and peaceful.'
India and the US are aiming for a trade deal amidst tariff threats, with the bilateral trade at $129 billion, seeking an increase to $500 billion by 2030.
The countries are laying a roadmap for further discussions on trade deals as India responds to US tariff threats that could significantly impact its economy.
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