Washington D.C., November 24: The U.S.-India Relationship Council (USIRC) has called for a resilient and trusted economic partnership between the United States and India, emphasizing the need for a robust, hassle-free framework to counter global economic challenges.
Highlighting the shared values of freedom, openness, and meritocracy, USIRC stressed the significance of the two democracies in shaping a fair and equitable global economy. Together, the U.S. and India account for nearly one-third of global nominal GDP, with potential to lead international economic growth.
Addressing current challenges, USIRC cautioned against over-reliance on Free Trade Agreements (FTAs), stating that while they can boost bilateral trade, poorly structured agreements could lead to imbalances. Instead, the organization proposed leveraging complementary strengths to create sustainable partnerships.
“India’s emergence as a manufacturing hub and America’s focus on addressing supply chain vulnerabilities present a golden opportunity for collaboration,” said Dr. Amit Desai, Chairman of USIRC. “In sectors like defense, U.S. technology can support India’s manufacturing ambitions, ensuring preparedness against regional threats while fostering global stability.”
USIRC also urged pragmatic American investors to capitalize on India’s dynamic entrepreneurial ecosystem, which thrives on merit and innovation. The organization further emphasized the need for predictable taxation systems and ease of doing business to support enterprises and investors in navigating volatile global conditions.
The statement underscored the urgency of shielding the global economy from monopolistic regimes employing trade wars, debt traps, and resource monopolization to undermine free markets.
“At this critical juncture, a robust U.S.-India partnership is essential to safeguard the global economy and promote equitable growth,” USIRC asserted.
For more information, contact usindiarelationship@gmail.com or reach Dr. Amit Desai at (714) 308-3288.
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Visit: www.usindiarelationship.org
