When Indian prime minister Manmohan Singh met with President Bush in July 2005, the two leaders set forth a joint vision to “transform the relationship between their countries and establish a global partnership.” While most of the commentary following this meeting focused on the civil nuclear agreement, the summit also proposed a bold series of economic objectives. By promoting growth through increased trade and investment and furthering technological collaboration, the United States and India hope to deepen their bilateral economic relationship.
This global partnership, however, raises a series of questions. How will India attract greater investment? To what extent will India’s infrastructure need to be modernized before there is significant progress toward greater economic and technological cooperation? How will the outcome of the nuclear agreement and debates over outsourcing affect the U.S.-India economic relationship?
AEI will host Montek Singh Ahluwalia, deputy chairman of the planning commission for the government of India, and former secretary of finance and commerce, for a luncheon foreign policy briefing to address these and other questions. The planning commission was established in 1950 with the aim of improving the standard of living, increasing production, and expanding economic opportunities. Since its inception, the planning commission has played an integral role in the Indian government’s economic policy decision-making.