May 30, 2024

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The United States is ready to commit to helping India foster economic growth

According to the White House, the Biden administration is excited about cooperating with India in organisations like “the Quad” to promote economic growth and increase mutually beneficial relationships.

Japan, the U.S., India, and Australia gave shape to the long-delayed idea proposed in November 2017 to establish “the Quad” to create a new strategy to maintain the independence of the important sea routes in the Indo-Pacific.

Karine Jean-Pierre, White House Press Secretary, said in a conference on Wednesday that India and the United States have a strong cooperative relationship, which also includes trade and trade relations.

She added, “We are dedicated to continuing our collaboration with one another and with organisations like the Quad to achieve economic growth for our two nations and deepen cooperation on issues that are important to both.” You can trust that commitment comes from the United States.

In March 2021, the first-ever summit of the Quad Leaders is being organised virtually and hosted by the President of the United States, Joe Biden, who sent a subliminal message to China by promising to work towards a free, open, and inclusive Indo-Pacific region that is grounded on democratic values and unrestricted by force.

China claimed all 1.3 million square miles of the South China Sea as its territorial authority. It has also been constructing military outposts on man-made islands in the area that are also disputed by the Philippines, Brunei, Vietnam, Malaysia, and Taiwan.

The highest-ranking American official’s comments in response to a query about the US overtaking China as India’s major trading partner

Due to the two nations’ growing economic relations, the U.S. will overtake China as India’s largest trading partner in 2022–2023.

According to preliminary data from the Ministry of Commerce, trade relations between India and the United States “increased by 7.65% to $128.55 billion in 2022–23 from $119.5 billion in 2021–22.” In 2020–21, the amount was $80.51 billion.