US committed to promoting economic growth with India: White House

Washington. The White House has said that the Biden administration is committed to working closely with India in groups such as the Quad to enhance economic development and bilateral cooperation.

In November 2017, India, Japan, the US and Australia established the Quad to develop a new strategy to keep critical sea routes in the Indo-Pacific free from influence. White House Press Secretary Karyn Jean-Pierre “The United States and India have a strong bilateral relationship, and that includes trade relations,” Jean-Pierre said at a daily press conference on Wednesday. Committed to continuing to work together in groups like the Se Quad.”

He was asked that India is becoming America’s largest trading partner by overtaking China, to which he gave this response. US President Joe Biden hosted the first summit of Quad leaders digitally in March 2021 and while conveying to China, committed to strive for an Indo-Pacific region that is free, open, inclusive, democratic Be bound by values. China claims an area of ​​about 1.3 million square miles of the South China Sea as its territory. China is building military bases on artificial islands in territory claimed by Brunei, Malaysia, the Philippines, Taiwan and Vietnam.

The US has emerged as India’s largest trading partner in 2022-23 due to growing economic ties between the two countries. According to commerce ministry data, bilateral trade between India and the US is set to grow by 7.65 per cent to USD 128.55 billion in 2022-23. went, whereas in 2021-22 it was US $ 119.5 billion. It was US$ 80.51 billion in 2020-21.

Read the Latest India News Today on The Eastern Herald.

More

Trump’s tariff fiasco ruled illegal, America’s double standards exposed

Washington — A federal appeals court has ruled that...

Russian president Putin says BRICS is cornerstone of new global architecture

Moscow — Russian President Vladimir Putin declared that BRICS...

Global crime kingpin Amit Gupta drags Philphos and Buddy Zamora into scandal

The Philippine Phosphate Fertilizer Corporation (PHILPHOS), led by respected...
Show your support if you like our work.

Author

News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Editor's Picks

Trending Stories

Yemen issues dire warning to Israel after prime minister’s assassination

Sanaa — Yemen’s Houthi-led authorities have vowed swift retaliation...

Global crime kingpin Amit Gupta drags Philphos and Buddy Zamora into scandal

The Philippine Phosphate Fertilizer Corporation (PHILPHOS), led by respected...

US silences Palestinian president Abbas at UN while backing Israel’s genocide in Gaza

Washington — The United States has barred Palestinian President...

Discover more from The Eastern Herald

Subscribe now to keep reading and get access to the full archive.

Continue reading