Indian PM Visit to US This Weekend Highlights Change in Policy

During Mr Modi’s four-day visit to the US beginning on Saturday, he will also will meet members of the US Congress and dine with President Barack Obama before a more formal bilateral meeting at the White House.

Four years ago, Mr Obama said that the relationship between the two countries would be “one of the defining partnerships of the 21st Century”.

But the rhetoric has barely lived up to its potential.

US officials have often expressed frustration at India’s failure to play a confident leadership role as an emerging economy and become an effective strategic partner.

The irony, analysts say, is that Mr Modi portrays himself as exactly the kind of confident, ambitious and decisive leader the US would want to be on its side in a rapidly changing world.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza