India-US trade will be USD1 trillion by 2030: Nish Acharya

WASHINGTON (TIP): A book “The India-U.S. Partnership: $1 Trillion by 2030 authored by Nish Acharya, an Indian American university professor and senior advisor at Northeastern University in Boston,? was launched recently in Bengaluru by Gateway House,

Acharya, who earlier held senior position as the director of innovation and entrepreneurship in the Barack Obama administration envisions trade between the two countries to rise multifold from $120 billion to $1 trillion. The Author has citied 31 case studies of relationship between India and US involving strategic collaboration, corporate and non-profit models and emerging technologies.

“The book is released weeks ahead of Prime Minister Narendra Modi’s visit to the Silicon Valley in September where he would address technology entrepreneurs and the Indian diaspora,” its publisher Gateway House said in a statement.

US Ambassador to India Richard Verma, Manipal education group chairman and former Infosys director T.V. Mohandas Pai and Goldman Sachs India managing director Bunty Bohra spoke on the projected upswing in the India-US trade over the next 15 years.

“Technology has presented a springboard for a strong India-US partnership. Indian American co-founders form 33 percent of Silicon Valley start-ups and account for 7 percent of American physicians,” the statement said.

“To tackle India’s development challenges, it is essential to deploy talented individuals and technical experts in areas like infrastructure, healthcare, energy and agriculture,” the statement quoted the author as saying.

“India needs to build a ramp for poverty alleviation and enable the 42 percent of its people living under the World Bank poverty line of USD1.25 a day to access the services of non-government organizations, social entrepreneurs and micro-finance organizations,” Acharya said.

Though these organizations are able to identify problems and scale solutions, they are unable to build sustainable systems and expertise to achieve a lasting impact.”

India needs to take advantage of next generation technologies such as synthetic biology, 3D printing, mobile, social and big data, to create an industrial base from which products and services can be sold and jobs created,” he said.

The event was held in collaboration with United Way of Bengaluru, Indo-American Chamber of Commerce, and Citizens and Equal Innovation Institute.

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