With Obama’s visit to India being a signal for businessmen to be ready for some treat soon, the trade and commerce arrangements have been discussed by Prime Minister Narendra Modi and President Barack Obama.
They have discussed that there could be some great opportunities for both the countries have when it comes to economic arrangements. Together, India and the US could do business that could be worth 100 billion dollars. They are the only two countries which have an economy growth in current times.
President Barack Obama has proposed funds worth $4 billion in investments and loans, seeking to gain partnership between the world’s largest democracies.
He attended India’s annual Republic Day parade at the invitation from Prime Minister Narendra Modi, and witnessed India’s military might. It started to drizzle as troops, tanks and cultural floats marched in New Delhi. High security was maintained for the President of the USA.
But in a twist, China commented on this as USA’s plan to turn itself into a crucial view point for its dealings with China by enticing India. USA hasn’t furthered any comment on this upsurge. Obama promised a finance of 1 billion dollars in exporting ‘Made-in-America’ products by U.S. Export-Import Bank. The bank will also lend 1 billion dollars to small and medium businesses in rural areas of India.
Obama also said that to provide for renewable energy funds worth 2 billion dollars will be sanctioned by the U.S.A. Trade and Development Agency.
Modi might have some plans to support U.S.A. in the international affairs affecting China and U.S.A. since he has already started making some changes under the foreign relations department and make a secured front-end for the world.
The Modi government indeed plans to do something worthwhile for the nation while it’s still in power and Modi is proving his worth by his innovative and strict actions for the well-being of the nation.Tags: Narendra Modi, obama, trade