More than 1.76 Million cases of COVID-19 have been detected in USA. 103 Thousand people have already died due to the virus. However, 379 Thousand have successfully recovered. Moreover, the Pandemic of COVID-19 continues to spread in the USA. Scientists around the world are still trying to develop a possible vaccine. One drug however used to treat Malaria ‘hydroxychloroquine’ has showed effective. India has a steady supply of this chemical. Recently the US President requested India to trade with USA for the chemical steroid. Donald Trump personally addressed and called Narendra Modi to help his suppressed nation. India came to aid by giving USA a heavy supply of hydroxychloroquine.
This trade deal is considered of important. Economists in the countries are anticipating a similar deal to go down. During this unprecedented time, more valuable goods can be traded by the countries. The two nations o future have built a foundation. On the other hand, the US wants greater market access. The US has also raised concerns over high trade deficit with India. Keith Krach, spoke about the importance of being able to access talent. He is the Under Secretary of State for Economic Growth, Energy, and the Environment. Raj Subramaniam expressed optimism for the US-India ties. The FedEx representative issued a statement. He said that there is absolutely no reason. Why the US-India trade cannot be five or 10 times of the current levels.
“The hope is that a startup like Uniphore becomes 100 billion USD entity in the next 5 years.” He said.
US have already begun to demand more goods from India. Modi has been making exceptional trade deals allowing India to show the world its true potential.
