India and the US on Monday committed to further improving bilateral ties, exploring alternate mechanisms for funding renewable energy and actively pursuing the G20 agenda which includes strengthening MDBs and taking coordinated action to deal with climate change. Several issues, including climate action, rising indebtedness in low and middle income countries and digital public infrastructure, figured during a bilateral meeting between Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen held on the sidelines of the G20 meeting of Finance Ministers and Central Bank Governors. India, Sitharaman said, will "look forward to furthering ... bilateral interests through development cooperation and new investment opportunities through Alternate Investment platforms for renewable energy."
Spain will soon open a trade and tourism office in Mumbai with an eye on improving bilateral economic relations with India.
Indian growth in the rest of this fiscal year and next will be propelled by robust domestic consumption as consumer confidence improves, and by investment, including large increases in government capital expenditure, according to the Asian Development Outlook September 2023. "As slowing exports could foment headwinds for the economy, and erratic rainfall patterns are likely to undermine agricultural output, the growth forecast for FY2023 is revised down marginally to 6.3 per cent," ADB said.
US Trade Representative Rob Portman said India and US were working towards an investment summit
After his talks with Japanese counterpart Yukio Hatoyama, Prime Minister Manmohan Singh said he requested him to ensure that Japanese visa system becomes more liberal to enable growth of trade investment and people-to-people contact.
The PM said, 'Regrettably, one of the countries of its origin and spread is in India's neighbourhood.'
Though the mandate is seen largely an outcome of Banerjee's welfare schemes, she has promised to industrialise at a faster pace, or so read the manifesto.
During the meeting on the sidelines of the 11th BRICS Summit on Wednesday, prime minister Modi said there was a "new direction and new energy" in bilateral ties after the two leaders' second informal summit in Chennai.
Bilateral trade between the two Asian giants had already reached $45 billion in the first nine months of 2010, a 50 per cent increase compared to the same period last year.
A trade agreement between the two nations would have to factor in US' concerns about IPRs and India's anxiety about market access.
Modi said this 'special invitation' from President Joseph Biden and First Lady Jill Biden for a state visit is a reflection of the vigour and vitality of the partnership between the democracies.
Following is the full text of Prime Minister Manmohan Singh's speech at the Central Party School in Beijing on Thursday:
'In a special gesture, UAE President and Ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan, accompanied by senior members of the Royal Family, was at Abu Dhabi airport for the interaction with PM'
Expressing concern over the Russia-Ukraine conflict, India and Australia have underlined the need for an immediate cessation of hostilities and stressed that the contemporary global order has been built on UN Charter, international law and respect for States' sovereignty and territorial integrity.
From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.
Canada has indicated that it is keen to cooperate with India in nuclear energy and infrastructure and sought stronger trade ties in return, including a free trade agreement.
India and the US agreed to continue their cooperation in the areas of defence, space and clean energy as External Affairs Minister S Jaishankar met Secretary of State Antony Blinken here, amid a simmering diplomatic row between India and Canada over the killing of a Khalistani separatist.
Morrison said ways to deepen bilateral trade and investment ties and harness new economic opportunities to support mutual economic recovery and growth will also be discussed at the summit.
The PM held bilateral meetings with three ASEAN leaders, including his Vietnamese counterpart Nguyen Xuan Phuc and Myanmar's State Counsellor Aung San Suu Kyi, and discussed key bilateral and regional issues.
'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
Modi was received at the Delhi airport by Union Minister of State for External Affairs Meenakashi Lekhi and Bharatiya Janata Party chief J P Nadda.
'India should respect Maldivian nationalism and their desire to be not over-dependent on India.' 'India should not behave like a big brother towards Maldives as many times, we tend to behave like that.'
Joe Biden will embark on his maiden visit to India as United States Vice President on July 22 to discuss key bilateral issues, including trade, energy and defence, to make Indo-US ties the most important strategic partnership of the 21st century.
Cooperation in key areas of defence, security and counter-terrorism will be an important aspect of Prime Minister Narendra Modi's discussions during his visit to three West Asian countries -- Palestine, the United Arab Emirates and Oman -- starting Friday.
In the document, Russia underlined that it will build on a privileged strategic partnership with India with a view to enhance and expand cooperation in all areas on a mutually beneficial basis.
Having invested close to $15 billion in Indonesia, Indian firms have lined up further $15-16 billion investments.
Relations between India and Germany are poised for a quantum jump with the two major democracies holding high-level discussions in New Delhi on Tuesday on strengthening cooperation in diverse areas, ranging from trade and investment to culture and energy. German Chancellor Angela Merkel, who arrives in New Delhi tonight on her maiden visit to India, will hold discussions with Prime Minister Manmohan Singh on various aspects of bilateral relations.
Hassan Rouhani to offer Friday prayers in Hyderabad's Mecca Masjid.
Prime Minister Modi's visit saw India and the US signing several major deals to boost cooperation in key areas such as defence, space and trade.
Addressing the India-ASEAN Summit in Phnom Penh, Singh said, "India's relationship with ASEAN members and with ASEAN institutionally continues to grow in all dimensions. Commerce and connectivity are vital areas of this relationship and we have made good progress in both."
UK India British Council has set up an advisory board to boost trade relations between the two nations.
'With a solid investment programme and sustainable development strategy, India can exceed 7 per cent growth per year, or a doubling of high-quality national income within a decade.'
As US President Joe Biden launched a new trade deal with 12 Indo-Pacific nations, including India, to enhance trade, economic and investment opportunities, China, which sees the pact as a threat to its dominance in the region, went on the offensive against it, promising more opening up, while the official media here termed it as "economic Nato".
In a significant move to strengthen economic ties, India and 10 Association of South East Asian nations on Tuesday decided to set up a Regional Trade and Investment Area
Prince Charles will represent Queen Elizabeth II, ceremonial head of the Commonwealth, at the Opening Ceremony of the Games on Sunday.
Four major political takeaways from Narendra Modi's much-anticipated trip to China
From the US, Modi will travel to Egypt at the invitation of President Abdel Fattah El-Sisi.
During wide-ranging discussions with Russian Prime Minister Mikhail Kasyanov and his deputy Alexei Kudrin, External Affairs Minister Yashwant Sinha sought Moscow's co-operation in addressing three major areas of concern.
Modi is visiting the African country from August 22 to 24 at the invitation of South African President Cyril Ramaphosa. South Africa is hosting the first in-person summit of BRICS comprising Brazil, Russia, India, China, and South Africa, since 2019.
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