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Shoulder-to-shoulder: Donald Trump and Narendra Modi seal amiable relations with a telephonic conversation

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America's new President Donald address a rally
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New Delhi, Jan 26, 2017: US President Donald Trump, over a phone call with Narendra Modi sealed the amiable relations between India and USA with a vow to stand “shoulder-to-shoulder” in the fight against terror and strengthen defence and economic ties.

The two leaders also extended invitations to each other for bilateral visits, over a phone call last night. The White House said in a statement, “During a call with Prime Minister Narendra Modi of India, President Trump emphasised that the US considers India a true friend and partner in addressing challenges around the world.”

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A US tour by Prime Minister Narendra Modi is also expected somewhere later in this year as White House gave a statement, “President Trump looked forward to hosting Prime Minister Modi in the US later this year.” Trump and Modi also discussed security in the region of South and Central Asia. Modi validated the strengthening relations between the two countries through a tweet which said, “Had a warm conversation with President @realDonaldTrump late last evening.”

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“Have also invited President Trump to visit India,” Modi said. Modi was among the first few world leaders who congratulated him after Trump’s historic victory on November 8. Seems like President Trump is keen on strengthening international ties as he had a conversation with the British Prime Minister Theresa May, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto.

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On Sunday, Trump also spoke with Israeli Prime Minister Benjamin Netanyahu and on Monday he had a telephonic conversation with the Egyptian President Abdel Fattah el-Sisi.

– prepared by Shambhavi Sinha of NewsGram. Twitter:  @shambhavispeaks

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Big reforms Led to India becoming the fastest growing major Economy globally: Garg

It also has enormous implications for emerging markets and developing countries

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The RBI building in Mumbai.
The RBI building in Mumbai. Photo credit: AFP/Sajjad Hussain

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA).

Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on ‘Indian Economy: Prospect and Challenges’ in Washington D.C on Friday.

Indian economy needs more reforms.
Indian economy needs more reforms.

He said the launch of the Goods and Services Tax (GST) represented an “historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms.” He further emphasized that India carried-out such major reforms when the global economy was slow.

“With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly,” Garg said.

During his meetings, Garg highlighted that the digital age technologies have profound implications for policies concerning every aspects of the economy. It also has enormous implications for emerging markets and developing countries.

Also Read: Biggest Bank Frauds Which Shook The Indian Economy

He expressed that the response to such a transformation will have to shift from ‘catch up’ growth to adoption/adaption of digital technologies for development and growth.

Garg also informed that India has started adopting policies and programmes for transforming systems of delivery of services using digital technologies and connecting every Indian with digital technologies and access through Aadhaar and other such means.

Indian economy should be on rise.
Indian economy should be on rise. Image: Mapsofindia

While citing the example of expanding mobile data access, he mentioned that India is now the largest consumer of mobile data in the world with 11 gigabytes mobile data consumption per month. He informed that India is investing in digital technologies, encouraging private sector to adapt these technologies and also addressing the taxation related issues by introducing equalisation levy.

Garg is currently on an official tour to Washington D.C. to attend the Spring Meetings of the International Monetary Fund and the World Bank and other associated meetings. He is accompanied by Urjit Patel, Governor, Reserve Bank of India and other senior officials. IANS