India and the US have set a USD 500 billion target for bilateral trade by 2030.
Prime Minister Narendra Modi on Thursday, during a joint briefing with President Donald Trump in the US, spoke about India’s vision of ‘Make India Great Again’ (MIGA) – a phrase inspired by Mr Trump’s signature slogan ‘Make America Great Again’ (MAGA). According to PM Modi, a joint vision of ‘MAGA’ and ‘MIGA’ becomes a mega partnership for prosperity.
“The people of America are well aware of President Trump’s motto ‘MAGA – Make America Great Again.’ The people of India too are focusing on heritage and development as they move forward at a fast pace and with a firm resolve towards the goal of Viksit Bharat 2047. In the language of America, it’s Make India Great Again – MIGA. When America and India work together, this MAGA plus MIGA becomes a ‘mega partnership for prosperity’ and it is this mega spirit that gives new scale and scope to our objectives,” the PM said.
President Trump often talks about MAGA.
In India, we are working towards a Viksit Bharat, which in American context translates into MIGA.
And together, the India-USA have a MEGA partnership for prosperity!@POTUS @realDonaldTrump pic.twitter.com/i7WzVrxKtv
— Narendra Modi (@narendramodi) February 14, 2025
The two leaders also announced that India and the US have set a USD 500 billion target for bilateral trade by 2030.
“Today, we have also set a target to increase our bilateral trade to more than double, reaching USD 500 billion by 2030. Our teams will work on finalising very soon a mutually beneficial trade agreement,” PM Modi said, adding that the two countries are moving forward in the direction of joint development, joint production, and transfer of technology.
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“We will strengthen oil and gas trade to ensure India’s energy security. In the energy infrastructure, investment will increase. In the nuclear energy sector, we spoke about deepening our cooperation, in the direction of small modular reactors. America plays a key role in India’s defence preparedness. In the coming days, new technology and equipment will increase our capacity,” he said.
PM Modi also announced that Washington and New Delhi are pushing to conclude a “mutually beneficial trade agreement” in the coming days.
PM Modi, who is the fourth world leader to visit the US since Mr Trump’s return to the White House, met the US President and his close aide and billionaire Elon Musk on Thursday. Their meeting came hours after Mr Trump announced reciprocal tariffs on all countries, including India.
