The United States and India share a long-standing relationship that has been strengthened by their shared democratic values and economic interests. The two countries have deepened their engagement in recent years, both politically and economically, with the aim of strengthening their partnership for mutual benefit.
Political Relationship:
The United States and India share a strategic partnership that is based on shared democratic values, and a common commitment to regional security, economic growth, and human rights. The two countries have been cooperating on a range of issues, including counter terrorism, defense, and trade, and have been working to deepen their cooperation on cybersecurity, climate change, and space exploration.
In 2016, the United States and India signed the Logistics Exchange Memorandum of Agreement (LEMOA), which allows both countries to use each other’s military bases for refueling and resupply. This agreement has paved the way for greater military cooperation between the two countries.
In addition, the two countries have been working to strengthen their ties in the Indo-Pacific region. In 2017, the United States and India, along with Japan and Australia, launched the Quadrilateral Security Dialogue, which aims to enhance regional security and promote economic prosperity in the Indo-Pacific region.
Economical Relationship:
The economic relationship between the United States and India has been growing rapidly in recent years. The two countries are each other’s top trading partners, with the bilateral trade in goods and services totaling over $142 billion in 2020.
The United States is one of the largest investors in India, with over $45 billion in cumulative foreign direct investment. India, in turn, has invested over $9 billion in the United States, with Indian companies creating jobs in sectors such as information technology, pharmaceuticals, and hospitality.
The two countries have been working to deepen their economic engagement through various initiatives. In 2019, the United States and India launched the U.S.-India Strategic Energy Partnership, which aims to increase energy security, promote energy access, and facilitate investment in the energy sector.
The United States and India have also been negotiating a bilateral trade agreement, with the aim of reducing trade barriers and increasing market access. However, negotiations have been stalled since 2019, with both countries struggling to reach a consensus on a number of issues.
Conclusion:
The United States and India have a strong political and economic relationship that has been growing in recent years. The two countries share a commitment to regional security, economic growth, and human rights, and have been working to deepen their cooperation on a range of issues.
While there have been challenges in the relationship, particularly in the economic sphere, both countries have demonstrated a willingness to work towards resolving these issues. As the global balance of power continues to shift, the United States and India are likely to remain key strategic partners, working together to promote regional stability and economic prosperity.
