While many analysts have raised red flags on the economic impact on an extension of the 21-day lockdown in India, due to the outbreak, an American business chamber said that businesses are ‘adapting’ in ways they can to ensure the continuity of essential businesses.
Houston, Sept 22 (ANI): Nisha Biswal, president of the US-India Business Council on Saturday said that US President Donald Trump travelling to Texas to be a part of mega Howdy Modi event signifies the importance of its relationship with India.
Biswal, who is also the former US Assistant Secretary of State, told ANI, “This visit to Texas is a very important one. The fact that Prime Minister Narendra Modi is here, that he is going to a roundtable with energy companies, talk about the U.S.-India energy trade..the fact that he is going to be addressing a gathering of more than 50,000 in the Indian-American community and the President of the U.S. is travelling to Texas to be a part of all that is an indication of how important the India relationship is, and how important we are for each other’s economies.”
Male [Maldives], Sept 3: Amid rising concerns over falling growth of Indian economy, US-India Business Council (USIBC) President and former assistant secretary State Nisha Biswal has said India can take advantage of China-US trade to push investments but it has to do more to attract investments.
Talking to ANI on the sidelines of Indian Ocean Conference, Biswal said: “We are in a global environment where we are seeing economic headwinds around the world in major economies. In the midst of that, it’s not surprising India is also facing some challenges. I think India could be a beneficiary in a global environment where companies are hesitant to invest more in China because they are looking for a trade war between the US and China. To resolve itself they should be looking more aggressively at India but they are not as ambitious as India needs to do more to attract those companies.”