Emerging technologies will define next phase of India-US ties: Ambassador Kwatra

Emerging technologies would define the next phase of India-US cooperation, India's Ambassador to the US Vinay Mohan Kwatra said, listing out biotechnology, artificial intelligence and semiconductors as priority sectors.

Addressing the USISPF Leadership Summit here, Kwatra said India has positioned itself as a preferred destination for companies seeking to diversify production and supply chains beyond traditional manufacturing hubs.

He said India has stepped up investments in strategic sectors including semiconductors, electronics, artificial intelligence, clean energy and defence manufacturing, strengthening its role in global value chains.

Kwatra said that India, currently a USD 4.3 trillion economy, was on course to become a USD seven trillion economy by the end of the decade, around USD 14 trillion by the middle of the 2030s and between USD 25 trillion and USD 30 trillion by 2047.

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