India plays crucial geopolitical role from American standpoint: USISPF

India plays a pivotal role geopolitically and offers a significant opportunity for US companies to de-risk China in the manufacturing sector, according to the President and CEO of the US-India Strategic and Partnership Forum (USISPF), Mr. Mukesh Aghi. He highlighted India's impressive economic growth, with the country being one of the few large economies growing at 7-8%. He also noted that India is becoming a key market for US businesses and emerging as a major manufacturing hub, with the growth of global capability centres in the country. The Indian economy is expected to gain momentum in 2025, and India is currently exporting nearly US$ 125 billion worth of services.

Ahead of the USISPF's India Leadership Summit on October 14, he emphasized the summit’s focus on strengthening the India-US partnership. The event will feature top American business leaders, including CEOs of Fortune 100 companies. It will provide a platform for discussions on trade, defense, technology, and people-to-people ties. The USISPF actively facilitates investments and collaborations between US companies and India, aiming to create jobs, bring technology, and integrate US firms into India's supply chain. He also pointed out the growing tensions between the US and China, stating that India must strategically leverage its partnership with the US to drive economic growth and create jobs for the 1.5 million Indians entering the job market each year.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.