| Description |
1 online resource (iii, 45 pages) : color illustrations |
| Contents |
Executive summary. -- Part I: US-India economic relations -- Overview. -- Recommendations for the United States. -- Recommendations for India. -- Part II: Renewing reform in India. -- Overview. -- Notes |
| Summary |
Two decades after the end of the Cold War, US-India relations stand at a crossroads. A strategic partnership built on weak foundations will likely flounder, however. Economic and trade ties, which ought to be the lifeblood of a US-India partnership, have traditionally played second fiddle to strategic considerations and remain far below potential. Simply put, neither country treats the other as a trade priority in Asia. More recently, disputes regarding potential US restrictions on services trade and Indian policies on intellectual property rights, preferential market access, and taxation have roiled the relationship. We argue that the key to fulfilling the strategic potential of the US-India relationship is to foster a vibrant, entrepreneurial Indian economy linked to America by ideas, capital, people, and technology. For the United States, this means remaining true to its own principles of economic freedom when it comes to issues such as services trade, liquefied natural gas exports, and the expansion of multilateral trading regimes. Washington should also recognize the shifting shape of India's polity by stepping up engagement with India's best-performing state governments. For India, the continued deepening of its ties with the world's sole superpower requires the firm repudiation of antimarket measures that have soured both foreign and domestic investors and a renewed commitment to the incomplete task of economic reform. In terms of relations with the United States, India ought to prioritize negotiating a high-quality bilateral investment treaty and improving protection for intellectual property rights, conditions for manufacturing and taxation policy |
| Notes |
"October 2013." |
| Bibliography |
Includes bibliographical references (pages 31-41) |
| Notes |
Online resource; title from PDF title page (AEI, viewed January 20, 2014) |
| Subject |
Diplomatic relations.
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International economic relations.
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| SUBJECT |
India -- Foreign relations -- United States
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India -- Foreign economic relations -- United States
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United States -- Foreign relations -- India
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United States -- Foreign economic relations -- United States
|
| Subject |
India.
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United States.
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| Form |
Electronic book
|
| Author |
Milligan, Julissa, author
|
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Mathur, Aparna, author
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Shah, Hemal, author
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American Enterprise Institute for Public Policy Research, issuing body.
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