The capital and technological know-how from the US can help India to achieve its goal of becoming a developed country by 2047, while investments here can give the American companies high returns and an avenue of de-risking.
This was stated by Raksha Mantri Shri Rajnath Singh while addressing a conference on ‘Strengthening Indo-US Relationship in Amrit Kaal – Aatmanirbhar Bharat’ organised by Indo-American Chamber of Commerce (IACC) in New Delhi .
The Raksha Mantri asserted that the Government has laid the groundwork for a strong and self-reliant ‘New India’, and the American investments can play a vital role in realising Prime Minister Shri Narendra Modi’s vision of ‘Viksit Bharat’. Terming it as a win-win situation for both the countries, he stated that India’s fast-growing economy, its demographic dividend, skilled workforce, and huge domestic market guarantee high returns to US companies. He added that to deal with the challenges faced by the rules-based international order & maintain strategic autonomy, it will be necessary for American businesses to de-risk by investing in India.
Shri Rajnath Singh described India and the US as natural partners who must move forward together in both business and strategic sectors amidst the current global geopolitical scenario. “India and the US support a free, open and rules-based international order. Due to this, there is a lot of alignment in our strategic interests. Besides, our economic relationship is a win-win proposition for both the countries. The current relationship is driven by twin congruence of shared values and aligned interests, which is a guarantee for long sustainability and robustness of ties,” he said.
