Prime Minister Narendra Modi announced on Thursday that India and the United States have set an ambitious goal to increase bilateral trade to $500 billion by 2030. Speaking at a joint press conference with US President Donald Trump, Modi highlighted the growing collaboration between the two nations across various sectors, including defense, energy, and artificial intelligence.
Drawing inspiration from Trump’s well-known slogan, “Make America Great Again” (MAGA), Modi introduced “Make India Great Again” (MIGA). He emphasized that combining these visions would result in a “MEGA partnership for prosperity.” Currently, the US is India’s largest trading partner, with trade between the two countries reaching $129.2 billion in 2024.
Modi underscored India’s commitment to enhancing cooperation in oil and gas, renewable energy, and defense. He stated that the US plays a crucial role in India’s defense modernization, with both countries advancing joint development, production, and technology transfers. He also announced plans to establish an Autonomous Systems Industry Alliance, strengthening defense partnerships over the next decade.
During his speech, Trump revealed a significant agreement that positions the US as a key energy supplier to India. He noted that India is updating its policies to facilitate the entry of advanced US nuclear technology into its market, ensuring safe and affordable electricity for millions. This initiative is expected to generate billions of dollars for the US civilian nuclear industry.
Trump also confirmed that India and the US are paving the way for future sales of F-35 fighter jets, further deepening military cooperation. Additionally, both leaders agreed to develop a major trade corridor—the India, Middle East, and Europe (IMEC) corridor. The route will link India to Israel, Italy, and ultimately the US through roads, railways, and undersea cables, creating one of the most significant trade networks in history.
Both nations reaffirmed their strategic partnership, setting the stage for a decade of economic and technological collaboration that will redefine global trade dynamics.
