PM Modi Lauds India-US Trade Framework As Transformative For Economy
Prime Minister Narendra Modi has enthusiastically welcomed the newly established India–US trade framework, describing it as great news for job creation, the Make in India initiative, and the nation's export capabilities. In a detailed post on social media platform X, the Prime Minister framed this agreement as a decisive and strategic win that underscores the dynamic and growing partnership between India and the United States.
Key Benefits Highlighted By The Prime Minister
Modi's message outlined several critical advantages expected from this trade pact:
- Job Generation: Significant employment opportunities, particularly for women and youth, are anticipated as a direct result of enhanced trade and manufacturing activities.
- Boost to Make in India: The framework is poised to strengthen domestic manufacturing by providing greater market access and reducing trade barriers, aligning perfectly with the government's flagship Make in India campaign.
- Export Expansion: Doors are set to open wider for Indian exporters, including Micro, Small, and Medium Enterprises (MSMEs) and farmers, allowing them to tap into the lucrative US market more effectively.
Strategic And Economic Implications
Coming at a time of intense political and economic discussions, Modi's endorsement positions the trade agreement as a form of global validation for India's current economic policies and direction. The government has emphasized that the deal, which includes tariff reductions and improved market access in key sectors, will not only bolster manufacturing and exports but also enhance national confidence.
Importantly, officials have assured that India has successfully safeguarded its strategic and economic autonomy throughout the negotiations, ensuring that the nation's core interests remain protected while engaging in this pivotal international partnership.
Diplomatic Acknowledgment
In his statement, Prime Minister Modi extended gratitude to US President Donald Trump for his support in fostering stronger bilateral ties. This acknowledgment highlights the collaborative effort behind the framework and signals a continued commitment to deepening India-US relations amidst a complex global landscape.
The India-US trade framework is thus being heralded as a milestone that promises to drive economic growth, create widespread employment, and reinforce India's position as a key player in global trade, all while maintaining the country's sovereign economic policies.
