On PM Modi's USA trip Indian Overseas Congress Chief Sam Pitroda said that his trip was really about America telling India what they want. There is very little room for negotiation. There are very little ask from India side. The way Indian media is showing is very different. Okay, so the real issues from the US side where first trade saying, look, we have trade deficit, and we want to balance it and we are going to settle trade with everybody. I think the government here is still in transition and we don't gain much, but any. Expediting the trip when the government is not settled yet. But I am sure there was a need for photo ops. There is a need for cosmetics and tell the world that we are important and tell the world that we are friends and buddies, and we had to meet first. So, I wish the timing would have been a little better for both countries, not just for India. If I can buy cheaper somewhere else. Why would I buy from you? Or for that matter, from anybody else? So, I think these are the operational issues that will have to be sorted out. It is always good to have increased trade with any country, because that allows all people to come closer to each other, and that sort of helps in peace and prosperity everywhere.
#SAMPITRODA #CONGRESS #PMMODI #USA
#SAMPITRODA #CONGRESS #PMMODI #USA
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00:00This trip was really about America telling India what they want.
00:07There was very little room for negotiation. There was very little ask from India's side.
00:18The way Indian media is showing is very different.
00:22Okay, so the real issues from the US side were first trade saying look we have trade deficit
00:35and we want to balance that and we're going to settle trade with everybody
00:40and you are no different. Of course your trade is small compared to others
00:46but we want to balance it. So we will increase tariff. We will call that reciprocative
00:59tariff. We don't know what that number is going to be yet. Details will be worked out
01:06but we want balanced trade and we want you to buy things from us.
01:12We want you to buy oil from us, gas from us and we want you to buy defense more and more
01:24whether it is fighter plane or anything else. So today if our trade is 190 billion,
01:33we want that to be 500 billion which is a good growth by 2030. That's only five years.
01:46So not only double it but make it two and a half times in five years is pretty ambitious.
01:57The question is what would that mix be? So one was trade. We can talk more about trade. Second
02:02one was immigration. Third was really defense purchase. Asia-Pacific, the rest of the stuff
02:14was not that critical. You can all lump that into technology, defense and all that.
02:24Those were the real issues and we can talk about this in a little more detail if you wish.