Economy

GST could be studied in US Business schools: PM Narendra Modi

Mr Trump and Narendra Modi, the Indian prime minister, will meet in person for the first time today and will discuss combating terrorism and closer co-operation in the Asia-Pacific region.

Among those attending the meeting were Google's Sundar Pichai, Satya Nadella of Microsoft and Shantanu Narayen of Adobe Systems, who are all Indian Americans. "Now terrorists have explained terrorism to them so we don't have to", he said adding that the surgical strikes demonstrated that India, which normally follows the principle of restraint, can also defend its sovereignty and ensure its security when needed.

Addressing the Indian community in the United States, Prime Minister Narendra Modi claimed that previous governments in India have been ousted on account of corruption charges but there has been no black spot on his government in the past three years of governance.

"CEOs outline priorities in India and suggestions for mutually beneficial partnerships in line with inclusive growth", he said in a series of tweets. "Seven thousand reforms alone have been done by the government for ease of business", Indian External Affairs Ministry spokesman Gopal Bagley tweeted.

He stated that India has been a victim of terrorism but "we have succeeded in conveying to the world the deleterious effects of terrorism on India", PM Modi said. They account for about 70 percent of the visas awarded annually, majority going to workers from India's $150 billion tech industry.

Highlighting the advantages of the world's fastest-growing economy to businesses in the world's largest economy, Modi wrote, "The transformation of India presents abundant commercial and investment opportunities for American businesses". Modi said India, while following worldwide laws and norms, is also capable of taking the "toughest of steps for our sovereignty, security, peace, our people and progress". Modi's visit is aimed at commemorating 25 years of establishment of diplomatic ties between the two countries. He also pointed out opportunities for tourism through developing hotels through the Public Private Partnership (PPP) model at 500 railway stations.

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While progress is expected in defense trade and cooperation, there are frictions elsewhere.

Almost six months after he took office, President Donald Trump will welcome Narendra Modi to the White House on Monday.

The US is expected to give its approval to the supply of 22 Guardian drones for the Indian Navy which was previously opposed by the Obama administration. "I assure you that this will happen in your lifetime", Modi said here.

According to reports, before their working dinner, Trump and Modi will have a 20-minute one-on-one interaction. The meeting, however, comes soon after Trump openly blamed India and China before pulling out of the Paris climate pact.

Anil Sharma of the organisation "Overseas Volunteer for Better India" said there are high expectations from the Modi-Trump meeting, especially against the backdrop of the uncertainty arising out of the Trump administration's H1B visa policies, and racist attacks against members of the Indian community.

He set the United States on a path to withdraw from the Paris climate agreement and accused India of negotiating unscrupulously for the accord to walk away with billions of dollars in aid.

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