In 2014, U.S. trade with India accounted for $67 billion, less than 2% of total U.S. trade. New trade rules and marketopening policies could expand this underperforming trading relationship, but a lot will depend on the next steps taken by the Indian government. Though Prime Minister Modi campaigned on a platform of policy reform aimed at opening India for business and economic development, one year later concerns are growing that the policies his administration is pursuing are not living up to that promise. How can the United States and the international community work with and encourage India to implement policies that will help encourage collaboration, innovation and economic growth?
CQ Roll Call’s policy breakfast briefing, “Is India Open for Business?”, brought together members of Congress, government officials, industry leaders and economists to analyze the progress that India has made. Participants explored policies that should be pursued by India, as well as ways in which the U.S. government and industries can aid in India’s economic reform, foster growth and develop a stronger U.S.-India trading relationship.