US businesses are Prepared to Contribute to Indias Vision of Becoming a USD30 Trillion Economy

Atul Keshap, head of the US India Business Council (USIBC) stated his hope for the future of US-India relations before the India Ideas Summit, and is visiting India along with the senior management of the USIBC and the leadership of the US Chambers of Commerce

According to the India-centric American business group, the US business community is ready to contribute to India’s ambitious plan to reach a USD 30 trillion economy. India is on a quest to reclaim the top spot in the global leadership tables in terms of GDP and wealth. Atul Keshap, head of USIBC is expecting India to be one of the biggest economies in the world with a potential to grow to a USD 30 trillion economy.

According to Keshap, many USIBC members and American businesses are supportive of this motive. India is on a mission to reclaim the top spot in the global wealth and economic leadership rankings. In the past, India was responsible for up to 25 per cent of global GDP. In addition to believing it to be a possibility, he also said that American companies are eager and prepared to accompany India on its arduous journey.

Keshap, who is visiting India among the top brass of the USIBC and the leadership of the US Chambers of Commerce, voiced his hope for the future of US-India relations before the India Ideas Summit, which is likely to take place in New Delhi on September 6 and 7. Engineers work together across different time zones and locations to develop the products, services, and tools that humanity will use to live a better, happier, healthier, and more fulfilling existence. As a result, innovations in American and Indian enterprises are becoming fully integrated into an ecosystem with high levels of trust.

India and America must work together to realise the full potential of India’s development along with portraying the significance of democracy to the rest of the world. Therefore, he stated that building an ecosystem of high trust is vital. The business community wants to embrace the notion that India will become a developed country in 2047, as indicated by Prime Minister Narendra Modi in his Independence Day speech.

India is quickly rising to the top of the service world. There is a huge amount of trade between the US and India in the digital economy. Keshap estimates that although trade between America and India exceeds USD 100 billion yearly, only about USD 150 billion worth of trade occurs.

 

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