January 25, 2015
Abstract: Three countries — China, the United States and India — accounted for half of the global economic growth in 2003-08 and this share is projected to continue at his level or higher. In this scenario, each of these countries should search for opportunities to expand economic linkages with others, to create a virtuous cycle of growth, trade and investment. This importance is underscored by the recently announced goal of increasing Indo-US trade fivefold in the five years by US Secretary Kerry.
Areas of further collaboration include investment treaty, intellectual property rights regimes (IPR), and cooperation in sectors like energy, education, defence and urban development. On the IPR front, the US-India relationship has been fractious but there has been considerable progress towards convergence of views. This is reassuring because the technology-intensive sectors are key drivers of bilateral trade and investment flows.
Keywords: Indo-US relationship; bilateral economic linkages; trade treaties; intellectual property rights; nuclear sector