NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

India Responds to US President's Comments

In a strongly worded statement, Lalit Bhasin, former national president of the Indo-American Chamber of Commerce (IACC), has responded to a social media post by US President Donald Trump that referred to India as a "hellhole". Bhasin, a business leader of the IACC, said India is "not a hole, but whole in all respects, in adhering to democratic principles, upholding the rule of law and moving towards economic prosperity".

The remarks were made in response to a social media comment by American radio show host Michael Savage, shared by Trump last week, that referred to India and some other countries as "hellholes" in the context of immigration. The comment sparked a diplomatic row, with the Indian government terming it "uninformed" and "inappropriate" on April 23.

US Embassy Attempts to Mitigate Damage

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Hours after the post, a spokesperson for the US embassy in New Delhi sought to control the damage by putting out a message, saying, "India is a great country with a very good friend of mine at the top". The statement was an attempt to ease tensions and reassure India of its importance as a strategic partner.

India-US Partnership Explored

At the launch of the IACC's Rajasthan chapter, Bhasin further emphasized the importance of the India-US partnership, calling on the US government to recognize India's unique position and not compare it with China. "My request to Jonathan Heimer, which should be conveyed to the US government, is that India is not a 'hell hole'. Please don't compare it with China," Bhasin said.

Rajasthan's Industrial Growth and Investor-Friendly Policies

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Bhasin also highlighted Rajasthan's industrial growth and investor-friendly policies as making it a natural choice for expanding India-US engagement. The state's deputy chief minister, Diya Kumari, also attended the programme, emphasizing the importance of the initiative in strengthening economic engagement between Rajasthan and the US.

PartnershipIndia's Growth Rate (2021)US's Growth Rate (2021)
India-US Trade10.2%2.3%
India-US Investment12.5%4.5%

Future of the India-US Partnership

Speaking at the launch, Jonathan Heimer, Minister Counsellor for Commercial Affairs at the US Embassy, emphasized the significance of the India-US partnership in shaping the future. "Over the four years I have spent in India, your friendship, warmth and shared commitment to strengthening US-India business ties have been extraordinary," he said. "The future of the world will depend significantly on this partnership," he added.

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