Beyond The Nuclear Deal
- US Trade and Development Agency to sign agreement for undertaking pre-master plan for three smart cities in Visakhapatnam, Allahabad and Ajmer.
- US investment flow to be channeled into Modi’s pet schemes—Make in India, Digital India, Skill India. $41 billion already committed over the next three years.
- Two-way Indo-US trade is around $100 billion; proposal to raise it to $500 billion over next five years.
Prime Minister Narendra Modi’s government is in a bind as it races to chalk out an innovative solution to the liability issue that has held back US companies from capitalising on the India-US civil nuclear deal almost eight years after it was signed.
With a pro-investor image to live up to, the Modi government is banking on flexibility and creativity to win over the US companies to strike some deals during US President Barack...