This boost in the relationship in recent years has brought significant dividends for India especially in recent years. India’s recent deal with the U.S. on the sharing of defence logistics is a major positive step towards improving ties between the two nations. And now during Modi’s recent meet with President Obama, India looks to join the elite Missile Technology Control Regime (MTCR), an organization consisting of 34 member nations (India will be the 35th country) that control the trade of missile technology. By joining MTCR, India will gain access to advanced missile technology and will now also be able to export its own missiles to other nations. This development is likely to spike the defence sector of the Indian economy in the coming years. If all these recent developments can be attributed to the personal chemistry between Obama and Modi, it will be interesting to see how things unfold when the U.S. elects a new president.
Picture courtesy of www.pmindia.gov.in.