- Despite all the requests and efforts of the Government of India, the US has not provided any concession in relation to H-1B visa.
- Recently Indian I.T released H-1B visa Policy. The problems of companies will increase as 60-65% of the numbers of H-1B visa issued by the US are acquired by Indian companies.
- During Barack Obama, diplomatic and strategic relations between India and the United States reached a high level. When Donald Trump was elected the President main fears is that the diplomatic and strategic relations between India and the United States could now fall.
- But this fear proved wrong and Donald Trump also decided to retain diplomatic and strategic relations between India and the United States. Indeed, India holds a very important place in Asia, so if the US has to firmly establish itself in Asia and to address the challenges of countries like China; it will definitely have to strengthen relations with India.
Responsible reasons for the weakness of economic relations between India and America:
- Despite all the requests and efforts of the Government of India, the US has not provided any concession in relation to H-1B visa.
- Recently, Indian I.T released H-1B visa Policy. The problems of companies will increase as 60-65% are acquired by Indian companies the number of H-1B visa issued by the US.
- Similarly, despite repeated requests by the US, India has not provided any relief to the customs duty imposed on imported motor vehicles and solar power equipment.
- In the General Budget of India 2018-19, the charges on which the customs tariff has been increased on the products have also been wrong. Donald Trump has already criticized the issue of charging higher fees from India in his speech in Congress.
- While America is demanding to completely eliminate import duty on motor vehicles At the same time India says that American automobile manufacturers should plant plants in India.
- Customs has also been increased by India on many types of luxury products. This has reduced the profit of American companies, so they are worried.
- Above all, the US wants to enter into a free trade agreement with India, while India is currently in favor of a bilateral investment agreement.
Conclusion:
It can be concluded that although diplomatic and tactical relations between India and the United States are leading to new strength, financial relationships are in a weak position. To overcome this problem, the two countries have to understand each other's needs and move forward with commitment.
