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India has $60 billion trade surplus with US it is not same relationship when with China, India has $60 billion deficit. India is not that important for US, it

India has $60 billion trade surplus with US it is not same relationship when with China, India has $60 billion deficit. India is not that important for US, it is useful, Yes. Strategically important? Absolutely NOT! Edit: To Provide Context, there is low scale tit-for-tat going between US and India regarding trade. https://www.cnn.com/2019/06/15/economy/india-tariffs-us-trump/index.html https://www.cnn.com/2019/06/15/economy/india-tariffs-us-trum...

wrong_variable 7y ago
You are getting downvoted since Indians are not interested in hearing the truth.
- youeseh 7y ago
  The downvotes may be for being off-topic. The thread is discussing the China-India relationship and not so much the India-US relationship.
  - sremani 7y ago
    >> Just like in the case of US, China has more to lose that India. Could be or not, I interpreted the OP as he is commenting how US is losing a trade disagreement with India. Again, on second read it was ambiguous enough. It was not an intentional tangent.
- dang 7y ago
  You can't post nationalistic slurs to HN. We've banned this account for repeatedly violating the site guidelines. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- lacampbell 7y ago
  I mean there's over a billion Indians, I'm sure there's some variance in what a billion people are and are not interested in hearing.
adventured 7y ago
For 2018 the India goods trade surplus with the US was $21 billion ($33.5b in US exports to India; $54.3b in India exports to the US). US exports to India climbed from $21b to $33b over the prior two years (2017 & 2018). That's a nice increase of $12b or 57%; their exports to the US increased by $8b over that same time frame. To put that into context, US exports to India will match US exports to France this year approximately, so it's already a serious export market for the US (and 50%+ larger than US exports to Italy, which is the 8th largest economy). Importantly, India has serious economic growth and a likely high long-term growth trajectory, whereas most of the top 20 economies have had very little or zero growth the past decade plus. If you're the US and you're seeking export growth, India is one of the best options. The primary benefit to maintaining a good, equitable economic relationship with India, is that they're likely to have a very large economy in the near future. Even though they will remain poor per capita for a long time, they're almost guaranteed to become the world's third largest economy behind the US and China in the next few decades. In terms of economic output they passed France this year and will soon pass the UK (within 6-12 months if they haven't already). That puts them #5 behind Germany, which they'll plausibly pass in six or seven years. 20 years from now when they have a $8 or $10 trillion economy, as an American, I'd prefer that the US have a reasonable economic relationship with India that benefits both sides. In the future they will probably be a very important market for the US, so you should try to take care of the relationship today.
lacampbell 7y ago
India is not that important for US, it is useful, Yes. Strategically important? Absolutely NOT! India is extremely strategically important - there's a reason the US goverment now constantly talks about the "Indo-Pacific". It's likely the worlds most populous country, and has a rapidly growing economy. https://en.wikipedia.org/wiki/India%E2%80%93United_States_relations#BJP_government_(2014%E2%80%93present) https://en.wikipedia.org/wiki/India%E2%80%93United_States_re... https://en.wikipedia.org/wiki/Malabar_(naval_exercise) https://en.wikipedia.org/wiki/Malabar_(naval_exercise)

wrong_variable 7y ago

You are getting downvoted since Indians are not interested in hearing the truth.

youeseh 7y ago
The downvotes may be for being off-topic. The thread is discussing the China-India relationship and not so much the India-US relationship.
- sremani 7y ago
  >> Just like in the case of US, China has more to lose that India. Could be or not, I interpreted the OP as he is commenting how US is losing a trade disagreement with India. Again, on second read it was ambiguous enough. It was not an intentional tangent.
dang 7y ago
You can't post nationalistic slurs to HN. We've banned this account for repeatedly violating the site guidelines. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
lacampbell 7y ago
I mean there's over a billion Indians, I'm sure there's some variance in what a billion people are and are not interested in hearing.

adventured 7y ago

For 2018 the India goods trade surplus with the US was $21 billion ($33.5b in US exports to India; $54.3b in India exports to the US). US exports to India climbed from $21b to $33b over the prior two years (2017 & 2018). That's a nice increase of $12b or 57%; their exports to the US increased by $8b over that same time frame. To put that into context, US exports to India will match US exports to France this year approximately, so it's already a serious export market for the US (and 50%+ larger than US exports to Italy, which is the 8th largest economy). Importantly, India has serious economic growth and a likely high long-term growth trajectory, whereas most of the top 20 economies have had very little or zero growth the past decade plus. If you're the US and you're seeking export growth, India is one of the best options. The primary benefit to maintaining a good, equitable economic relationship with India, is that they're likely to have a very large economy in the near future. Even though they will remain poor per capita for a long time, they're almost guaranteed to become the world's third largest economy behind the US and China in the next few decades. In terms of economic output they passed France this year and will soon pass the UK (within 6-12 months if they haven't already). That puts them #5 behind Germany, which they'll plausibly pass in six or seven years. 20 years from now when they have a $8 or $10 trillion economy, as an American, I'd prefer that the US have a reasonable economic relationship with India that benefits both sides. In the future they will probably be a very important market for the US, so you should try to take care of the relationship today.

lacampbell 7y ago

India is not that important for US, it is useful, Yes. Strategically important? Absolutely NOT! India is extremely strategically important - there's a reason the US goverment now constantly talks about the "Indo-Pacific". It's likely the worlds most populous country, and has a rapidly growing economy. https://en.wikipedia.org/wiki/India%E2%80%93United_States_relations#BJP_government_(2014%E2%80%93present) https://en.wikipedia.org/wiki/India%E2%80%93United_States_re... https://en.wikipedia.org/wiki/Malabar_(naval_exercise) https://en.wikipedia.org/wiki/Malabar_(naval_exercise)