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INDIA and US – Trade concerns and ties

India and US trade concerns and ties

  • The U.S. must open up its market for services to Indian firms, just as India has liberalised foreign direct investment in many sectors such as railways and defence for the benefit of American firms, Niti Aayog CEO Amitabh Kant said.

  • “India has opened up every sector of the economy in the last two years. While India is becoming more and more open, America must also open its services sector for Indians to go and work there. It can’t be a halfway house,” Mr Kant said,.

  • The Indo-US relationship will only flourish further when there’s reciprocity in market access, Mr Kant said.

“India has allowed American companies to come in and flourish otherwise GE would have never got the biggest contract to build locomotives for the Railways. Similarly, America must welcome Indian services and software companies to work there.”

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