Impact of US India Economic Ties on Pakistan

Amina Khan
Despite inflation and rising interest rates, India still ranks among the world's fastest growing economies, which makes it a prime candidate for economic engagement. But could closer economic ties between India and the United States also lead to greater cooperation on strategic issues? Raymond Vickery of Albright Stonebridge International says that the cooperative interaction between India and the United States following the attack on the Indian Parliament in December 2001 was due to a relationship built in part on economic cooperation (INT). He also pointed to David Headley's case as another instance where a relationship built on economic cooperation 'paid dividends' in cooperation on counter-terrorism. Arvind Subramanian of the Peterson Institute for International Economics says that America is motivated to economically engage with India's expanding market, and the opportunity to counterbalance China's growing influence (INT). He says that China's rise is making India expand its strategic options by cooperating with the United States, the European Union and Japan. Subramanian believes that expansion of US-India trade ties could motivate other South Asian countries including Pakistan to increase their economic engagement with India, possibly reducing 'historical' and 'political' hostilities in the process. But India-US economic relations could also benefit from greater emphasis on resolving bilateral trade issues, says Eswar Prasad of the Brookings Institution.


Tags- US India Economic ties (orig pkg)

Despite inflation and rising interest rates, India still ranks among the world's fastest growing economies, which makes it a prime candidate for economic engagement. But could closer economic ties between India and the United States also lead to greater cooperation on strategic issues? Raymond Vickery of Albright Stonebridge International says that the cooperative interaction between India and the United States following the attack on the Indian Parliament in December 2001 was due to a relationship built in part on economic cooperation. He also pointed to David Headley's case as another instance where a relationship built on economic cooperation 'paid dividends' in cooperation on counter-terrorism. Arvind Subramanian of the Peterson Institute for International Economics says that America is motivated to economically engage with India's expanding market, and the opportunity to counterbalance China's growing influence. He says that China's rise is making India expand its strategic options by cooperating with the United States, the European Union and Japan. Subramanian believes that expansion of US-India trade ties could motivate other South Asian countries including Pakistan to increase their economic engagement with India, possibly reducing 'historical' and 'political' hostilities in the process. But India-US economic relations could also benefit from greater emphasis on resolving bilateral trade issues, says Eswar Prasad of the Brookings Institution.

Category:

News & Politics

Tags:

• United States India trade ties
• South Asia
• security in South Asia
• India economic growth
• India economy
• David Headley
• Mumbai attacks
• terrorism
• economic engagement
• Foreign Direct Investment
• Raymond Vickery
• Arvind Subramanian
• Eswar Prasad
• Amina Kamal Khan
• Voice of America
• Urdu VOA

[norisrinivas]

india is very strong on its fundamentals

pakistan is lacking behind

[jimbob202019]

Pakistan is such a dump

[indiaruleswisdom]

by 2047 india will be largest economy 100 years after indpendence and most powerful nation and civilization on this planet with love

[rritikathegreat]

INDIA will destroy PAKCHINA one day !

[prithvie02]

india usa relation going to be very fragile .... coz USA always want to puss around the other countries , and its the main reason why indians suspicious about this new relation .

its not a friendship like what india has with russia where both the countries treat each other with respect . and we still like and respect russian people .

only time will tell how USA want this friendship .... equal aspect or ruler aspect .