United States and India
United States and India
Evidence shows that although the financial and commercial relations of India and USA have not moved in the right direction for the last few decades, the two governments are working at a common goal. The Indian and U.S. governments have developed a strategic partnership plan to improve the financial and commercial relations. Research has proved that India is in the state of rapid economic expansion.
Based on that, most of the U.S. companies have discovered a lucrative market in India. U.S. views India as a bet foreign investment country with a conducive environment for business operation. The Indian government is on economic reforms where the U.S. investments will help the country achieve its goals.
Indian government is working towards transforming its economic states from the current quasi socialist economy to an open market that offers the opportunity for market expansion. Although Indian government seems to have a lot of concern in the issue of financial and economic reforms, U.S. sees as if Indian government is slow on the change.
Between 2006 and 2007 the U.S. economy was at the boom. Come 2008 the financial state was not the same simply because different things had changed. This kind of financial crisis that made shred of more than 4 million jobs in U.S. made a significant impact on the economy of U.S. The U.S government is working with Indian government to view ways on how to improve the future of their commercial and financial outlook (Business CIBA, 2012).
In 2006, India was 21st in relation to export in the United States. During this year, the India’s gross domestic increased by 9.2 % something that came from the export activities. The increase in India’s exports to United States has made U.S. a trading partner with India. This is an indication that the financial future of the two countries moves in a positive direction. In order to ensure that a clear trading agreement exists between the two countries, the existing multilateral and bilateral trade issues are under discussion.
Each country has some trade barriers that must be worked on in order to facilitate a positive future on the trade relations. In helping Indian government work on the economic reforms, the United States government has established the aspect of outsourcing, financial decision ideas. This approach is the idea for the two countries because it will strengthen their financial and commercial relationship based on their market investment power, (Business CIBA, 2012).
Evidence shows that, since Indian’s independence, the economic trade of India and United States has experienced challenges. It is a common condition that affects any trading countries that have an interest in different dimensions. The economic ties that have affected these two countries on the commercial and financial relation have eventually subsided something that fosters a positive growth. Challenges exist on how to shift the trade tries that have affected India and United states.
The main focus is on the benefits of exports and imports plus the rapid economic growth that must be achieved. Evidence shows that the two countries have a similar focus, and that is why they engage in activities that foster their economic growth. Although united state’s economy is better compared to that of India, US have discovered a lucrative market investment in this country, (Business CIBA, 2012).
To have a positive future for their financial and commercial status, both countries must ensure that they have eliminated their differences. The two countries must strengthen their strategic ties in ensuring that any trade aspect moves in the direction that fosters increase in the financial growth. India and United states focus on market access in order to improve their trade’s expectations. The current implementation of cooperation habits in the two countries will help boost trade that is a key aspect in developing the future of financial status.
There are few things that must be worked out to have an ideal working strategy. The problem with United States is that it experiences a high unemployment rate as compared to India. By entering into India’s economy by investing means that the United States level of the unemployment rate will reduce. This way the future of economic trade between the two countries is moving in the direction that is expected. The two governments help each other to work on their financial and commercial future, (Business CIBA, 2012).
The current India’s annual growth rate is a better position due to the exports the country makes to United States. The economic growth expectations of these two countries have a greater impact on the future of commercial and financial growth. Evidence suggests that the economy must expand because of the growing population and the government must ensure that needs of citizens are achieved. Each of the country focus to increase its economic growth say by 2% per year in order to respond to the challenges.
It is clear that future of the financial of the two countries will move at expected direction. Apart from that, the commercial growth is also expected in India but not that high in united state. Unlike United, States, India is on the rapid economic growth. Different countries target India as an investment ground thus its commercial growth is expected highly as compared to United States, (Business CIBA, 2012).
There are different challenges that may affect the commercial future of these two countries. One of the possible challenges is the economic operation exposure. Both governments should focus on the effects of exchange challenges that may develop during development and growth of commercial aspect in the two countries.
Although there are some political risks in the two countries, both governments have established a system to ensure that things move in the expected direction. No expected chances of political risk interference in the growth of financial and commercial, in United States as well as in India, (Business CIBA, 2012).
The video provides critical ideas on business development of the two countries. There are international business opportunities present in India, and that is why different countries have established investments in this country.
Reference:
Business CIBA. (2012). 18th international business forum. Retrieved from, http://www.business.vcu.edu/ciba/2193.html, On November 25, 2012
Is this your assignment or some part of it?
We can do it for you! Click to Order!
