While U.S.–India dialogue on a range of issues has improved and new opportunities for engagement have developed, Prime Minister Modi’s positive policy statements have yet to be translated into the type of meaningful improvements to India’s trade, innovation and investment environment that will concretely advance a stronger U.S.–India commercial partnership and greater economic growth. Many discriminatory and market-limiting policies remain in place, harming both U.S. and Indian industries and the much hoped for potential for a stronger, mutually beneficial relationship.
“The high-level meetings between U.S. and Indian leaders this week and next provide a starting point to changing many of these and other barriers to trade and investment. In the words of Commerce Secretary Penny Pritzker, who co-chaired the S&CD with Secretary of State John Kerry, the goal must be to produce concrete results “to ensure that the United States and Indian businesses—small, medium and large—are in a position to capitalize on abundant opportunities that exist in both of our countries.” U.S. industries of all sizes and in diverse sectors are asking for fair market access in India and a more level playing field that is critical to spur growth and innovation.”
EVENT: Is India Open for Business? »
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.
Welcome Remarks by NAM President and CEO Jay Timmons
Interview with NAM Vice President of International Economic Affairs Linda Dempsey