Q1. Explain the India - US economic relations.
- India-US economic ties transformed from limited to strategic post-Cold War and India's liberalization.
- The US is one of India's largest trading partners, with bilateral trade exceeding $140 billion annually.
- Key cooperation sectors include IT, defense, energy, pharmaceuticals, and two-way investments.
- Economic relations are integrated into broader strategic dialogues and high-level bilateral forums.
Answer: The economic relationship between India and the United States has transformed significantly, moving from a period of limited interaction during the Cold War to a robust and strategic partnership in the 21st century. This evolution is largely attributable to India's economic liberalization policies initiated in the early 1990s and a growing convergence of geopolitical interests between the two nations. Today, the partnership is characterized by substantial bilateral trade, significant investment ...