US committed to promoting economic growth with India: White House
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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. while in 2021-22 it was US $ 119.5 billion. It was US$ 80.51 billion in 2020-21.
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