Prime Minister Narendra Modi said in a joint press conference at the White House on Thursday that just as Trump is working towards making America great again, India has also set a target of becoming a developed nation by 2047. PM Modi said that if both countries move forward together, they can give a new shape to the whole world. PM Modi also gave a new slogan and said that MAGA and MIGA together can create a mega partnership of prosperity.
PM Modi explained the meaning of his slogan.
PM Modi said 'The people of America will be well aware of President Trump's slogan 'Make America Great Again'. The people of India are also moving forward with the resolve of a developed India by 2047. In the language of America, this is Make India Great Again - MIGA. When India and America work together, MAGA and MIGA together will create a mega partnership for prosperity. This mega feeling will give a new dimension to our objectives. Today we have also set a target to increase bilateral trade to $ 500 billion by the year 2030.'
'Will work towards trade agreement'
On the trade agreement between the two countries, PM Modi said 'Our teams will soon work on a trade agreement, which will mutually benefit both countries. We will strengthen oil and gas trade to ensure India's energy security. Investment in energy-related infrastructure will increase. In the nuclear energy sector, we talked about deepening our cooperation towards small modular reactors. The US plays an important role in India's defense preparedness. As strategic and trusted partners, we are actively moving towards joint development, joint production, and transfer of technology. New technology and equipment will increase our capacity.
What is the trade status between India and America?
According to media reports, bilateral trade between India and the US was $129 billion in the year 2024. In the year 2024, the US remained India's largest trading partner. However, India remained the 10th largest trading partner country for the US. The US does the most trade with Mexico, Canada, and China. America's annual trade with Mexico was around $839 billion in the year 2024. At the same time, this figure with Canada was $762 billion. America did bilateral trade of $582 billion with China in the year 2024. According to the data of the US Census Bureau of America, the trade deficit between India and America is also increasing. America imported goods worth $45 billion from India in the year 2024. At the same time, India imported goods worth about $24 billion from America during this period. In this way, the trade deficit between the two countries is very high and this is the reason why Trump is talking about increasing tariffs on India.
On one hand, while the Indian senior men's cricket team is playing a five-match Test series again
Today is the second day of Prime Minister Narendra Modi's Gujarat visit. He inaugurated and laid
There is both a story and silence behind every storm. Operation Sindoor is not over yet, but its
The protests that started on the streets of Nepal under the leadership of the youth had turned in
Colgate-Palmolive (India) Q1 Results: FMCG major Colgate-Palmolive (India) Limited has reported a
Music composer Palash Muchhal is currently in the news for his personal life. He was supposed to
HUL Share Price: Brokerages Turn Bullish on Hindustan Unilever After Q1 Results, Raise Target Prices
Shares of Hindustan Unilever Limited (HUL) rebounded sharply on July 29 after witnessing a steep
Cristiano Ronaldo and Georgina Rodriguez Are Married: Couple Ties the Knot After Nearly a Decade
Football superstar Cristiano Ronaldo has married his longtime partner Georgina Rodríguez i
The opening match of the 19th season of the Indian Premier League (IPL) will be played between Su
Merger of 7 AAP MPs into BJP Approved; Rajya Sabha Chairman Grants Permission; NDA Tally Reaches 148
A major political development unfolded in the Rajya Sabha in New Delhi on Monday. Rajya Sabha Cha
