Team Biden surrenders amid enmity with China-Russia! How the US bent to build a close relationship with India? – न्यूज़लीड India

Team Biden surrenders amid enmity with China-Russia! How the US bent to build a close relationship with India?


The only option is to have a close relationship with India.

US Treasury Secretary Janet Yellen, who is the Biden administration’s top economic diplomat, is visiting India in an environment of intense global economic uncertainty and has personally conveyed this message to India on Friday during her visit to New Delhi. The food and energy crisis caused by Russia’s invasion of Ukraine, rising oil and gas prices, and growing concerns about America’s dependence on Chinese products prompted the United States to take steps to reshape the global economic order. So that America’s allies are not dependent on any other country for the goods and services that power their economies.

India is important in geo-politics

India is important in geo-politics

India has often been in the midst of an escalating geo-political conflict between the United States, China and Russia. And the biggest reason behind this is that India also has a very close relationship with Russia. At the same time, the Biden administration has finally agreed to make America a close ally of India, acknowledging this. America has now made it clear that it wants India to be in the class of America’s economic allies. After visiting Microsoft’s Research and Development campus on the outskirts of New Delhi on Friday, Yellen outlined the case for moving away from countries that could destabilize America’s supply chains and countries that violate humanity. Promote manufacturing. Yellen said that, “The United States is taking an approach called ‘friend-shoring’ to diversify commerce, away from countries that present geopolitical and security threats to the supply chain.” To do so, he said, “we are actively deepening economic integration with trusted trading partners such as India.”

Growth of companies in India

Growth of companies in India

The growing operations of American company Microsoft in India is a fine example of American integration in India. Yellen mentioned that, the US has given a $ 500 million package to Microsoft Company to expand its company in the southern state of India, which will develop a solar plant in Tamil Nadu. This effort is a major step taken to prevent China from gaining an edge over the world’s solar industry. Along with this, he also kept in light the recent arrival of the iPhone company from China to India. Yellen, who traveled to India to attend the Group of 20 Leaders Summit in Indonesia next week, said, “We are also addressing our reliance on manufacturers whose perspectives are aligned with our human rights values. collide.”

Russian oil issue also got cold

Russian oil issue also got cold

America’s relationship with India has grown in importance in recent months. Especially, when India is a rare ally of Russia and a strategic partner of America in the midst of great rivalry between America and Russia. At the same time, the issue of large quantity of Russian oil supply has also been put in cold storage by America. At the same time, India’s large English-speaking population has the potential to help American companies in India become international manufacturing hubs. The United States has become India’s largest trading partner overall. According to a New York Times report, America’s trade relations with India have not always been smooth sailing. US officials say their Indian counterparts are among the toughest negotiators. At the same time, in view of red tape and lack of infrastructure development in India, doubt remains in the mind of America that how many manufacturers will jump from China to India.

Business problems in India?

Business problems in India?

Sadanand Dhume, a senior fellow at the American Enterprise Institute, said India has faced several challenges in becoming an international manufacturing hub, including government reforms that have not yet made India a more attractive destination for setting up companies. Is. At the same time, compared to China, India’s domestic consumer market is smaller and therefore less attractive for companies manufacturing there. Simultaneously, India emerged as a significant stumbling block when it refused to join negotiations on the Indo-Pacific Economic Framework, an Asia-Pacific economic accord proposed by the Biden administration among members of the World Trade Organisation. . At the same time, in the last few months, India’s long economic ties with Russia have come under the scanner of the United States. India is the world’s largest buyer of Russian ammunition and it has become a relationship that has been difficult for the US to break despite its best efforts, especially given India’s tensions with its neighbors Pakistan and China. Therefore, India has refused to condemn the Russian aggression on Ukraine.

Will America be able to ignore Russia?

Will America be able to ignore Russia?

India’s imports from Russia have increased by 430% since the start of the war in Ukraine and now Russia has become India’s largest oil exporter. Russian crude oil tankers arrive at Indian ports. India, which imports a significant amount of energy and is the second most populous country in the world, has made it clear that it will look after its interests first and from where it will get oil at a low price. Will buy So, Ishwar Prasad, a professor of trade policy at Cornell University who spoke to US and Indian officials, said that although India wanted to build a stronger economic relationship with the United States, it is unlikely to distance itself from Russia. Prasad, a former International Monetary Fund official, said that “India has very deep economic interests in maintaining a reliable and relatively cheap supply of oil from Russia.” In such a situation, now America has to decide, what kind of relationship it wants to make with India, because in Asia now America has no other option than India.

A note to our visitors

By continuing to use this site, you are agreeing to our updated privacy policy.

%d bloggers like this: