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Free AccessINDIA: US Gambles On India As Key Bilateral Partner
US President Joe Biden will welcome Indian Prime Minister Narendra Modi at the White House this evening ahead of his formal state visit tomorrow. Modi will become the first Indian head of state to twice address a joint session of Congress tomorrow.
- The honours bestowed upon Modi reflect the growing importance of India as a strategic partner as the US seeks dependable allies to act as a counterweight to China in the Indo-Pacific, despite concerns over Modi's illiberal tendencies, and recent reluctance to support US measures against Russia.
- The leaders will announce a raft of arms deals and defence agreements including a technology-transfer agreement which will allow General Electric to jointly manufacture jet engines for India’s next generation aircraft.
- The Pentagon today release a factsheetoutlining the, "India-U.S. Defense Acceleration Ecosystem," which the DoD says will, "expand the strategic technology partnership and defense industrial cooperation between our governments, businesses, and academic institutions."
- Politico notes: "...the global contest between democracies and autocracies has defined Biden’s foreign policy and the president has made the decision to cozy up to the region’s democracy, even if it is a deeply flawed one."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.