look news india
The coming days are going to be very important from the point of view of international diplomacy, because once again the world’s most powerful leaders are going to gather on the global stage. During the G7 summit, all eyes are on whether there will be any special bilateral meeting between Prime Minister Narendra Modi and US President Donald Trump. In view of the current phase of strategic partnership between the two countries, this possible meeting is being considered very important. There is a strong murmur in the diplomatic circles that this meeting will not only give a new direction to the mutual relations between the two countries, but also has the potential to completely influence the equations of global politics and economy.
There will be a fight over the prices of crude oil, there will be direct talk on India’s energy security The biggest and sensitive issue on the agenda of this possible grand meeting is going to be the supply of crude oil and its global prices. Amid global geopolitical tensions and sanctions, India is continuously working on various options to meet its energy needs. In such a situation, the conversation between the two leaders regarding the stance of the US administration and stability in the global oil market can prove to be very decisive. Trump’s policies have always been to increase energy production and keep American interests paramount, due to which it will be a big diplomatic test for India to get American cooperation on importing crude oil while serving its economic interests.
Industry’s eyes are on India-America mega trade deal, it could be a big deal Apart from crude oil, the other big issue on which the business houses of the whole world are keeping an eye is the mega trade deal between India and America that is stalled or is coming with a new framework. Considering Donald Trump’s trade stance, it is believed that there could be sharp and serious discussions on issues like tariffs, import duties and market access. While India would like concessions in the US market for its IT professionals and selected sectors, the US would like to open up the Indian market more for its agricultural products and manufacturing goods. If both the countries reach a consensus amid this economic tussle, it can prove to be a huge game changer on the global trade front.