Indian PM Prepares US Goodwill Tour

The flags are ready, the stadium is too. The dinner with the Fortune 500 CEOs is scheduled, and so is the one-on-one with president Obama.

Narendra Modi, the prime minister of India, will be welcomed in New York on Wednesday with much goodwill – but also increasing doubts about his ability to deliver promised reforms in the emerging south Asian power.

If attention in the White House, on Capitol Hill and in the US media is directed elsewhere – to the Middle East, the visits of the Chinese premier, Xi Jinping, and the Pope – the focus of the media in India is not. Modi’s second visit to the US while in office is already generating frontpage headlines and leading bulletins.

For between meetings in New York, Modi, who has been in power for nearly 18 months, will tour Silicon Valley, meet the aristocracy of internet entrepreneurs and address a colourful, noisy rally for members of the Indian diaspora. It is the first visit of an Indian prime minister to the west coast for more than three decades.

More than 40,000 people have applied for 18,500 places at an event in San José, in the heart of Silicon Valley, on Sunday evening.

via The Guardian

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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