India-US Trade Pact: Driving Global Tech Competitiveness

The trade deal between India and the US is highlighted by Nasscom for providing crucial macro predictability. Nasscom reports substantial contributions to the US GDP and job creation. Discussions focus on AI collaboration, a trusted tech alliance, and fostering innovation between the two nations.

The recent trade agreement between India and the United States, as emphasized by IT industry body Nasscom, offers essential macro predictability in an era where technology, talent, and trust play pivotal roles in global competitiveness.

According to Nasscom, Indian companies contribute significantly to the US economy, adding USD 103 billion to the GDP and supporting over half a million jobs. During the Nasscom US CEO Forum held in Washington, President Rajesh Nambiar stressed the importance of a data-driven partnership for long-term value creation.

The forum shed light on opportunities for increased collaboration between India and the US in artificial intelligence and related sectors. The discussions align with the US-led Pax Silica coalition, paving the way for a resilient future built on innovation and technical collaboration.

(With inputs from agencies.)