Indian Prime Minister Narendra Modi and U.S. President Joe Biden, in their second bilateral meeting in less than six months, reaffirmed their commitment to deepening the partnership between their countries. This meeting took place as Delhi hosted leaders from the Group of 20 (G20) nations, both industrialized and developing. The 29-point joint statement issued by the leaders underscored the multifaceted nature of their relationship in the evolving landscape of global alliances.
Resilient Technology Value Chains: The leaders discussed the importance of building resilient strategic technology value chains, reflecting the significance of technology in modern geopolitics.
Modi and Biden reiterated the importance of the Quad (Australia, India, Japan, and the U.S.) in promoting a free, open, inclusive, and resilient Indo-Pacific. This reflects their shared approach to regional security and stability.
They expressed appreciation for the progress made since Prime Minister Modi’s historic visit to Washington in June 2023, highlighting the momentum in India-U.S. relations.
Modi’s strategic diplomacy was evident in his closed-door meetings with leaders from Mauritius and Bangladesh on the eve of the G20 summit, showcasing India’s role as a key global player bridging the developed world and the Global South.
India’s economic growth prospects are drawing attention, with the International Monetary Fund projecting it to be the world’s fastest-growing economy this year, making it an attractive destination for governments, investors, and businesses.
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