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From the seas to the stars: a new US-India relationship
BUSINESS ECONOMICS
|July 1 - 31, 2023
The joint statement issued from the White House, which spans across oceans and reaches the realm of the stars, has come as a global surprise. Prime Minister Narendra Modi's exceptional performance at the joint session of the US Congress, along with the transformation of the relationship from an openly abusive one in the 1970s to today's effusive praise, leaves the world wondering.
The 58-paragraph long statement signifies a "new level of trust and understanding" between the two countries. It includes a dozen partnership deals on technology transfers, skill development, trade, and business. The global fight against terrorism has taken a back seat, making way for agreements on technology enhancement and renewable energy. It is worth noting that in the past, the US withheld the technology of mainframe computers from India, forcing the country to develop it independently. However, today, the US and India are moving towards a transfer agreement on "Quantum Information and Science Technology." President Biden has expressed his intention to reduce US barriers on the export of high-performance computing (HPC) technology and source code to India.
Denne historien er fra July 1 - 31, 2023-utgaven av BUSINESS ECONOMICS.
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