Emerging technologies such as artificial intelligence, semiconductors and biotechnology will play a central role in shaping the next phase of cooperation between India and the United States, India’s Ambassador to the US, Vinay Mohan Kwatra, said on Monday.

Addressing the USISPF Leadership Summit in Washington, Kwatra said India’s rapid economic expansion was becoming increasingly intertwined with global prosperity, creating new opportunities for strategic partnerships and deeper international cooperation.

Emerging Technologies At Centre Of Bilateral Agenda

Kwatra identified biotechnology, artificial intelligence and semiconductors as key sectors that could drive future collaboration between India and the United States.

He said India had made significant investments in strategic industries, including semiconductors, electronics, clean energy and defence manufacturing, strengthening its position within global supply chains and value chains.

According to the envoy, these developments are opening a new chapter in India-US relations while reinforcing India’s role as a manufacturing and technology hub.

He noted that companies seeking to diversify production and reduce dependence on traditional manufacturing centres increasingly view India as an attractive destination.

India’s Economy On Track For Rapid Expansion

Highlighting India’s economic trajectory, Kwatra said the country had grown into a USD 4.3 trillion economy and was expected to continue expanding rapidly over the coming decades.

He said India was on course to become a USD 7 trillion economy by the end of this decade, approximately USD 14 trillion by the middle of the 2030s and between USD 25 trillion and USD 30 trillion by 2047.

Kwatra described India as an “indispensable anchor” of global economic growth and stability at a time when geopolitical tensions and supply chain disruptions are affecting economies worldwide.

He said India’s economic transformation had elevated its position within the global order, making it a trusted partner for both developed and emerging economies.

Domestic Reforms Driving Growth

Referring to India’s economic performance since 2014, Kwatra said a series of structural reforms introduced under Prime Minister Narendra Modi had contributed to sustained economic growth.

“What that has meant domestically for us in India under the leadership of Prime Minister since 2014, has been a series of economically transformative measures on the ground, which have resulted in our consistently high growth of seven plus per cent, which is uniquely driven by domestic demand,” he said.

The ambassador said strong domestic demand had remained a key driver of India’s economic expansion despite global uncertainties.

Atmanirbhar Bharat Not An Inward-Looking Strategy

Kwatra also addressed the government’s vision of Atmanirbhar Bharat, stating that the initiative should not be viewed as a protectionist or inward-looking policy.

Instead, he said the programme was aimed at building globally competitive manufacturing capabilities while creating resilient and diversified supply chains.

“The prime minister has propounded… a mixture of self-reliance and self-sufficiency, but an ecosystem which has positive externalities, which is not insular in nature,” Kwatra said.

He argued that the approach seeks to strengthen domestic capabilities while remaining integrated with global markets and international trade networks.

India Seeks Larger Role In Global Economy

The envoy said India’s advances in emerging technologies and strategic industries are helping position the country as a major contributor to future global growth.

He noted that sectors such as artificial intelligence, biotechnology and semiconductors would not only deepen India-US cooperation but also strengthen India’s standing in global manufacturing and innovation ecosystems.

As countries seek more resilient supply chains and diversified economic partnerships, Kwatra said India’s growth story is increasingly making it a key pillar of global economic stability and long-term development.

Long or Short, get news the way you like. No ads. No redirections. Download Newspin and Stay Alert, The CSR Journal Mobile app, for fast, crisp, clean updates!

App Store –  https://apps.apple.com/in/app/newspin/id6746449540 

Google Play Store – https://play.google.com/store/apps/details?id=com.inventifweb.newspin&pcampaignid=web_share