Modi and Trump aim for $500 billion trade target in strengthened India-US ties

Prime Minister Narendra Modi's recent visit to the U.S. focused on enhancing India-U.S. economic ties under the "MAGA-MIGA" vision. Modi and President Trump set a goal to double bilateral trade to $500 billion by 2030, up from $129.2 billion in 2024. Trump announced plans to increase military sales to India, including potential F-35 fighter jets. Both leaders also committed to the India-Middle East-Europe corridor, which aims to improve global trade connections. Despite ongoing tariff discussions, Trump acknowledged India's recent tariff reductions. He emphasized the need for negotiations to address trade disparities, as India's average tariff remains significantly higher than that of the U.S.