After Donald Trumps recent win India looks ready to re-think its market rules for US firms (a move that could reshape trade between these global powers)
Narendra Modi who shares a good bond with Trump since his last presidency was among first world-leaders to call and talk after the election results. During Trumps earlier White-house stay from 17 to 21‚ both nations almost made a mini-trade deal but covid changed their plans
The south-asian country might ease-up rules in car-making sector; however it wants fair treatment for its goods too. “We had a fairly good convergence during his first term in office“ says Harsh Vardhan Shringla who worked as Indias ambassador in Washington
I think his second term will be even better because the two sides have developed a certain amount of mutual understanding and respect
Trade between these nations keeps growing no matter whos in charge. US stays Indias biggest export partner with goods-and-services worth $120 billion sent last year. Despite Trump calling India a “very big abuser“ of trade ties their leaders relationship stays warm - he even called Modi “fantastic“ during his campaign
The deal talks look more hopeful now since:
- Both leaders know each other well
- Previous talks almost succeeded
- China is Trumps main trade target
- India wants better market access
New Delhi thinks Trumps business-like approach to deals makes talks easier‚ and past experience shows they can find common ground