US President Barack Obama has warmly welcomed India’s new ambassador to the US, Arun Kumar Singh during a ceremony in Obama’s Oval Office at the White House where Singh formally presented his credentials to the President.
The U.S.-India Business Council (USIBC) recently organised an exclusive interaction with Ambassador Arun K Singh, where they welcomed him to Washington D.C. in his new post as India’s Ambassador to the United States.
Wendy Sherman, the US Under Secretary of State for Political Affairs, has recently said that Indian PM Narendra Modi and US President Barack Obama have taken the relationship between New Delhi and Washington DC to the next degree.
The latest data from the Treasury Department confirm that India held securities worth $91.2 billion in January compared to $ 83 billion in December last year. China is currently the largest holder of these securities, however out of the BRIC (Brazil, Russia, India, China) grouping, India has the third highest holding after China and Brazil ($ 256.5 billion).
Under newly elected Indian Prime Minister Narendra Modi’s leadership the strategic relationship between the US and India has vastly energised. In support of this, Admiral Samuel J Locklear United States Navy Commander of Pacific Command stated that “Last year, India held the largest election in its history.
According to the visiting IMF chief, Christine Lagarde, India is well prepared to face any interest rate hike by the US as part of the latter’s normalisation plans.
During a talk on ‘India-US 2015: Partnership for peace and security’ Foreign Secretary S Jaishankar stated that much of the obstructions, which prevented the India and the US from engaging in the field of commerce, had now been done away with and believes that both countries have entered a “new era” in the field of doing business.
US Ambassador to India Richard R Verma inaugurated a photography exhibition which demonstrates the closeness and affinity between India and the US and celebrates their growing relationship.
US Congressman Ed Royce would like to see a five-fold increase in bilateral trade between the US and India. In order to obtain this, Mr Royce has recently called upon Indian Prime Minister Narendra Modi and has appealed for increasing bilateral trade and counter-terrorism cooperation between both the countries.