Changing Contours of India - US Economic Relations

The Present research paper is concerned with economic relations between world’s oldest and largest democracy i.e. India and the US. The India-US economic relationship has improved dramatically in recent years, it still falls short of its full potential. Growing trade and investment flows between the two countries has boosted GDP, generated jobs, and cement the bilateral relationship in a web of private sector linkages. The economic cooperation between the two nations has become multi-faceted in the 21^st century that has transcended from the traditional arenas of military and economics to a knowledge partnership in high technology areas, space and cyber, healthcare, among others. This paper, therefore, attempts to examine Indo-US engagements and estrangements concerning bilateral trade, investment and assistance. All the three have long-term significance to India’s economic growth as well as India’s relations with the US. This article also focuses on the future prospects for resolving the recent trade tensions, which are rooted in the two countries’ rising geopolitical competitiveness.