India’s economy may not be as big as China’s, but it could still be a good partner for the U.S. amid a protracted trade war, one global political analyst told CNBC on Tuesday.
“India is still a very large country. It has a relatively robust economy, (it has) a lot of potential down the road. It is not a true counterbalance to China in the Indian Ocean basin but it is certainly a country that can be a strategic partner with the United States in that region,” said Rodger Baker, senior vice president of strategic analysis at geopolitical intelligence firm Stratfor.
On Sunday, U.S. President Donald Trump and Indian Prime Minister Narendra Modi appeared together at a Texas rally, increasing hopes for a trade deal between the world’s largest and sixth largest economies.
Negotiators are trying to hash out a deal for Modi and Trump to sign at the United Nations General Assembly in New York this week, Reuters reported citing people familiar with the matter. Read More