US, India talks are 'hot and tense' amid hopes for a trade deal via YahooFinance
While the Sino-American dispute is casting a shadow over the world economy, experts say the U.S. and India bilateral relationship is equally strained. Expectations of a trade deal are high as Indian Prime Minister Narendra Modi visits the U.S. this week.
Among analysts that monitor the U.S.-India relationship, “it’s still hot and tense,” said Richard Rossow, a senior adviser at the Center for Strategic International Studies. Meanwhile, IT consulting giants like Tata , Wipro , Infosys and HCL are all waiting to see how the Trump administration ultimately resolves the tensions.
But India’s trade tensions have affected only a narrow part of the population, which could be motivating Modi to carry on, Rossow said. Reports in India about manufacturing being affected by the trade battle are only just emerging in India. Meanwhile, the broader technology sector, and synergies achieved by both countries, could be in jeopardy.
“No two countries have benefitted more from the global digital economy than the U.S. and India,” Jacob Gullish, a senior director at the U.S.-India Business Council, told Yahoo Finance.
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