Is the US Media Watching? Expert Welcomes Modi-Trump Exchange
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Synopsis
In a significant diplomatic development, Gordon Chang praises the easing of tensions between India and the US following a positive exchange between Prime Minister Modi and President Trump. This article explores their relationship, stock market trends, and the resilience of India's solar industry amidst US tariffs.
Key Takeaways
- Improved US-India Relations: The exchange between Modi and Trump marks a positive shift.
- Stock Market Growth: Indian stock indexes have risen 10% despite US tariffs.
- Solar Industry Resilience: India's solar sector is expected to thrive amid tariff challenges.
- Domestic Confidence: A decline in foreign investment indicates rising confidence in India's economy.
- Geopolitical Significance: The relationship is crucial for countering regional threats.
Washington, Sep 8 (NationPress) Gordon Chang, a Senior Fellow at Gatestone Institute, has expressed his approval of the decreased tensions between India and the US following Prime Minister Narendra Modi's acknowledgment of US President Donald Trump's "special relationship" statement from last week.
During a Fox News interview on Monday, Chang emphasized the shift in the US stance.
"President Trump slightly retracted that statement, which was necessary because we haven't allowed India to fall under China's influence. It's important to note that while PM Modi attended the Shanghai Cooperation Organisation (SCO) meeting in Tianjin, he opted out of the military parade. This was a clear message to China and the globe that he is not interested in joining this anti-Western coalition," he remarked.
Chang further stated that India has a valid point regarding the tariffs, as New Delhi has been uniquely targeted with punitive actions, while other purchasers of Russian crude were not affected.
At a White House press briefing on September 5, Trump remarked, "I will always be friends with Prime Minister Modi" and referred to him as a "great Prime Minister".
Shortly after this, PM Modi responded on Saturday, expressing his appreciation for President Trump's sentiments.
In related news, The New York Times reported on Sunday that the two primary stock indexes in Mumbai have surged by 10 percent over the past six months, indicating that the 50 percent US tariffs have yet to significantly impact the market.
According to the article titled, "India's Investors, Defying Tariffs, Keep Pouring Money Into Stocks," this trend signifies the "increasing confidence of India's middle class and the growth of its domestic financial sector".
The report also pointed out that the proportion of foreign entities in Indian stocks has decreased from 24 percent to nearly 16 percent.
The Los Angeles Times additionally noted on Sunday that India's domestic solar sector is likely to remain resilient against the repercussions of US tariffs.
The article, "India's Solar Industry, Aiming to Compete with China, Finds Strength as US Tariffs Hit Home," states that, "India's internal demand for solar energy is expected to mitigate the disturbances caused by US tariffs," and that ambitious domestic clean energy goals and demand will help them secure buyers within India if US sales decline.
It emphasized that "India is making substantial efforts to harness solar power," with solar energy costs now being half that of new coal-powered facilities, and the nation's "installed solar capacity has expanded 30-fold in the last decade."
Point of View
It is essential to recognize the strategic significance of the Modi-Trump exchange. The warming ties between India and the US are crucial for both nations, especially in countering regional adversities. This evolving relationship is indicative of a broader geopolitical strategy that emphasizes mutual respect and collaboration.
NationPress
08/09/2025
Frequently Asked Questions
What did Gordon Chang say about Modi and Trump?
Gordon Chang welcomed the improved relations between India and the US, highlighting PM Modi's supportive response to President Trump's 'special relationship' remark.
How are US tariffs affecting India's economy?
Despite the 50 percent US tariffs, India's stock indexes have risen by 10 percent in the last six months, indicating resilience and confidence among investors.
What is the current state of India's solar industry?
India's solar industry is anticipated to thrive despite US tariffs, thanks to strong domestic demand and ambitious clean energy goals.
What message did PM Modi send by skipping the military parade?
PM Modi's absence from the military parade was a clear indication of his intent to distance India from an anti-Western stance.
How has foreign investment in India changed recently?
Foreign entities' share of stocks in Indian markets has decreased from 24 percent to approximately 16 percent, reflecting a growing domestic confidence.
