GST Could Be Studied In US Business Schools, Says PM Narendra Modi

Claudine Rigal
Juin 26, 2017

Prime Minister Narendra Modi who arrived in the United States on Sunday, on the second leg of his three-nation tour, said India has now emerged as a business-friendly destination, more so with the upcoming implementation of landmark GST beginning next month, while asking CEOs of top U.S. companies to invest in the country.

Then Trump accused India of seeking to profit from the Paris climate accord as he announced the USA withdrawal from the deal this month - drawing sharp denials from New Delhi.

On multilateral issues, terrorism will come up for discussion as New Delhi and Washington have been strong partners in the fight against this menace. Pence later added that Trump wanted to make it clear to both India and Pakistan that "when this administration takes office, that we intend to be fully engaged in the region and fully engaged with both nations to advance peace and security".

A deal that will see America selling unarmed Predator naval drones worth about $2 billion could be announced in the joint statement, said sources.

On the eve of Modis US visit, the Trump administration had dismissed reports that it has been ignoring India, saying President Trump realises that the country has been a “force for good” in the world and ties with it were important.

Rao termed Modi and Trump as unconventional global leaders. The Prime Minister is scheduled to meet President Donald Trump at the White House this evening.

Among the top CEOs present at the event were Apple chief Tim Cook and Google's Sunder Pichai.

Modi and Trump also seem to believe in the power of social media. Further adding he said that Indian government had alone taken 7000 reforms for the development of business opportunities in India.

In his meeting with United States business magnates that lasted for 90 minutes, Modi tried to allay these concerns and held "extensive discussions on opportunities in India". Not us. India makes its participation contingent on receiving billions and billions and billions of dollars in foreign aid from developed countries. India has its own concerns, including over regulatory barriers faced by its producers of generic medicinal drugs.

"Growth of India presents win-win partnership for India and USA both".

"For Trump, the personal is political", said Atman Trivedi, an Asia specialist at Hills & Company consultancy.

Modi said that India is now receiving record number of foreign direct investment and all credit agencies and multilateral fora are giving a positive rating about India.

Modi said that it was "surprising for me to know that there had never been a bilateral visit by an Indian Prime Minister to Portugal".

On fighting terrorism, Kugelman said the two leaders have a similar worldview - that "it needs to be destroyed wherever it rears its murderous head".

He also said: "If you want to give back to India, this is the best time to do so. However, there have been no immediate changes to issuing these visas, no changes that target any specific country or sector", she said.

He said India has succeeded in telling the world about the need to uproot the menace of terrorism.

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