The US and Indian navies conducted joint military operations in the Indian Ocean as both countries try to navigate tense relations with Beijing.
The Passage Exercise near the Andaman and Nicobar Islands involved the United States’ Carrier Strike Group (CSG) led by aircraft carrier Nimitz and units of Indian Navy’s Eastern Fleet and Andaman and Nicobar Command.
A US carrier strike group led by the aircraft carrier USS Nimitz conducted a “cooperative” exercise with Indian warships in the Indian Ocean on Monday.
The cooperative exercises took place near the Andaman and Nicobar Islands and transited through the Indian Ocean region.
The United States has retained its position as India’s top trading partner for the second consecutive financial year in 2019-20.
As per the data of the Ministry of Commerce, the bilateral trade between the US and India in 2019-20 stood at $88.75 billion as against $87.96 billion in 2018-19.
In 2018-19, the US for the first time surpassed China to become India’s top trading partner.
China was India’s top trading partner since 2013-14 till 2017-18 and before China, UAE was the largest trading nation in India.
The bilateral trade between India and China dropped to $81.87 billion in 2019-20 from $87.08 billion in 2018-19.
The United States will withdraw from the World Health Organisation (WHO) on July 6, 2021, the United Nations announced on 8th July, after getting notification of the decision by President Donald Trump, who has sued the agency of becoming a puppet for China during the coronavirus pandemic.
India has fixed its spot as the third-largest economy after China and the US in terms of purchasing power parity (PPP) for 2017, stated the government citing the World Bank data.
Energia Space Corporation in Russia declared on June 25 that it is preparing on taking the first tourist on a spacewalk in 2023, under the terms of a new agreement with a United States partner.
Adani Power will buy a 49 percent investment stake in Odisha Power Generation Corporation (OPGC) for $135 million (around Rs 1,019 crore) from US-based The AES Corporation’s, the company declared on June 23.
India has turned up as the 12th largest holder of US government securities at the end of April, keeping worth 157.4 billion dollars. While the holding reached a record high of 177.5 billion dollars in February, the same was highly decreased in March.