Terms of engagement

India-US economic partnership needs more energy

Union Commerce Minister Piyush Goyal last week met his US counterpart, Commerce Secretary Gina Raimondo, as part of the relaunched India-US Commercial Dialogue. The fact that regular discussions are back on the agenda can be considered a positive sign. The two ministers agreed to a mid-year review of outstanding issues by their senior officials prior to their next summit, which is expected to return to being an annual affair. There were specific areas where co-operation was highlighted. These included supply-chain resilience in the context of decoupling from China-centred production networks.
 

The recent announcement of a US-India initiative on Critical and