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.
Cricketer Virat Kohli makes headlines not only for his game and stellar performance but also for
The number of passengers who traveled by the buses of Roadways Varanasi region in the last year w
Diversified conglomerate ITC Limited reported a 15.6% year-on-year decline in consolidated net pr
Rashmika Mandanna and Vijay Deverakonda's wedding news is currently a hot topic in B-town. Report
The Board of Control for Cricket in India (BCCI) selectors may be about to make a major U-turn re
Gold Silver Price Today: Bullion market sees decline; Silver falls by ₹1200, Gold cheaper by ₹660
Gold and silver prices fell on Thursday. Gold fell by ₹660 to ₹1.58 lakh per 10 grams. Silver
The World Health Organization (WHO) has issued a health advisory regarding three brands of poison
From today, only vehicles complying with BS-6 emission standards are allowed entry into Delhi. Am
There has been a new twist in the murder of Congress worker Himani Narwal. The statement of Direc
Cyber Scam Alert: Fake NOC Messages Target Bank Users; Know How to Protect Your Money
As mobile network expansion continues across India, many homeowners are eager to rent out their r
