India and US Set $500 Billion Bilateral Trade Target by 2030: PM Modi in Joint Press Conference with Trump
In a significant move to strengthen economic ties, Prime Minister Narendra Modi announced that India and the United States have set a target of reaching $500 billion in bilateral trade by the year 2030. This statement was made during a joint press conference with US President Donald Trump, highlighting the growing partnership between the two nations.
Strengthening Economic and Strategic Ties
Prime Minister Modi emphasized that India and the United States are working together to enhance trade relations, particularly in sectors like oil and gas, technology transfer, and joint production. He stated that increasing energy trade between the two countries would significantly contribute to India’s energy security. The partnership between the two nations is not only focused on economic growth but also aims at fostering innovation and strategic cooperation.
Modi acknowledged President Trump’s vision of “Make America Great Again” (MAGA), which has been a defining slogan of his leadership. Drawing a parallel, he mentioned that India is progressing with the ambition of becoming a developed nation by 2047. He coined a new slogan, “Make India Great Again” (MIGA), symbolizing India’s commitment to achieving economic and infrastructural development. He further added, “When India and America collaborate, MAGA and MIGA together will create a ‘Mega Partnership’ for global prosperity.”
President Trump’s Warm Welcome to PM Modi
During Modi’s visit to the White House, President Trump warmly welcomed him with a hug and expressed his enthusiasm for continued collaboration. Trump stated, “We missed you a lot,” underscoring the close relationship between the two leaders.
Prime Minister Modi also expressed gratitude for the warm hospitality extended by President Trump and the American government. He stated that both leaders share a common vision of economic prosperity and global development, reinforcing their commitment to working together in the coming years.
A Stronger Future for India-US Relations
PM Modi’s visit to the United States marks an important step in strengthening the long-standing ties between the two nations. The $500 billion trade target is a clear indication of the commitment to deepening economic cooperation. With shared values, common strategic goals, and growing business engagements, India and the US are poised to shape a more prosperous and influential global partnership in the coming decades.
