The India-USA Corridor
- The "India USA Corridor" has emerged as one of the most powerful economic partnerships in the world, driven by various factors such as a) Economic Complementarity b) Investment Opportunities c) Technology & Innovation, & Startup ecosystem.
- The first six months of 2023 saw Indian startups raise $5.46 billion and corridor is expected to grow to $500 billion by 2025
- The Organization for Economic Co-operation and Development forecasted that India's GDP will continue to grow at a rate of 5.7 percent for the financial year 2023 – 2024 and expects India to be the second fastest-growing economy in the in 2023 – 2024, as The Indian government will likely continue to take steps to make India an attractive investment destination.
- In the recent India USA joint statement both leaders applauded the concept of an “Innovation Handshake” that will lift up and connect the dynamic startup ecosystems & address specific regulatory hurdles to cooperation particularly in emerging technologies.
