Huge opportunities for growth in U.S.-India bilateral relationship |
SAN FRANCISCO, Calif. — The U.S.-India relationship presents tremendous opportunities for the growth of both countries, said Harsh Vardhan Shringla, India`s new ambassador to the U.S., in an interview during his brief visit to the San Francisco Bay Area.“There are fairly wide areas of the Indian economy in which the U.S. can participate,” Shringla told India-West, noting that U.S. companies and venture capitalists have already invested $50 billion in various sectors in India.At the U.S.-India Strategic Partnership Forum a day earlier in East Palo Alto, Calif., Shringla, along with several Indian American business leaders, noted India`s phenomenal growth rate, currently at 7.6 percent GDP, and predicted that it would climb to 10 percent over the next few years . In a report released last July, the Asian Development Bank stated that India would continue to be the fastest-growing economy in the world, surpassing China. “Assuming (Prime Minister Narendra) Modi does well at the polls, India will continue its fast pace of growth,” said USISPF chairman John Chambers, crediting Modi with “having the courage to demonetize not over five to six years, but over a weekend.”
|
|
|
|