India’s emergence as a global economic and strategic power is set to be a net benefit for the United States, according to Ambassador (ret.) Atul Keshap, President of the US-India Business Council (USIBC). Speaking at the USIBC 50th Anniversary Special Summit in New Delhi, Keshap emphasized that India’s development model and global outlook are fundamentally different from China’s, making India a unique partner for the U.S.
Keshap, who also serves as Senior Vice President for South Asia at the U.S. Chamber of Commerce, highlighted India’s democratic values and commitment to the rule of law as key factors that align closely with American principles. “India is a vibrant democracy, peaceful, and supportive of its neighbors while upholding global order,” he noted, emphasizing the country’s collaborative approach to international relations.
Economic growth in India is expected to bolster bilateral cooperation, he added. As the Indian economy grows toward a projected $30 trillion, the resulting opportunities for trade and investment will benefit both nations. “This expansion will be a great outcome for both India and Americans,” Keshap said, stressing the potential for increased collaboration in technology, finance, defence, and the digital economy.
The USIBC President also underlined India’s strategy of building partnerships worldwide. India is actively engaging with the EU, the Gulf, the United States, and other global partners to ensure sustainable development that benefits its citizens without disadvantaging other nations. “India’s growth emphasizes shared prosperity rather than zero-sum competition,” Keshap stated.
Keshap called for a more ambitious vision for U.S.-India economic ties, suggesting that bilateral trade should target $1 trillion rather than $500 billion. He also stressed the importance of finalizing a bilateral trade agreement promptly, which would further enhance investment and commerce between American and Indian companies. “We want to see our companies trade, invest, and grow together, boosting GDP and employment in both countries. It’s a win-win scenario,” he said.
The remarks came as the USIBC board engaged with senior Indian officials, including External Affairs Minister S. Jaishankar, Commerce Minister Piyush Goyal, parliament members, and representatives of the Prime Minister’s Office, highlighting the growing strategic and economic partnership between the two democracies.
