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Indo-US Deepen Economic Relations
US President Donald Trump and India’s Prime Minister Narendra Modi had clinched the deal in intensifying the economic partnership between the two countries, India and United States. The agreement resulted in a win-win scenario for the two economies and resolving the diverging opinions in a peaceful approach.
Following the maiden meeting between Trump and Modi held at the White House, the Foreign Secretary of Indian Dr. S Jaishankar, told the reporters that the two parties had productive talks. Both countries are having changes in its economy that generates further demands and reaching the high-level comfort among the two nations, the other partner is suitable to satisfy such demands.
Jaishankar mentioned that the civil aviation market along with natural gas cooperations have said that Liquefied Natural Gas (LNG) coming from the US will begin to run to the Republic of India
It is anticipated that after many years, the LNG trade between Ind-US will exceed its amount of USD 40 billion, he added.
According to a joint statement of India and US, they are committed to strengthening their economic ties in order to build a stronger nation and successful citizens.

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Sluggish Growth Prediction for Developed Countries
A U.S. central banker forewarned that advanced economies and financial institutions in the United States will face a slower economic growth for long-term unless fiscal officials do something to counter this. Although, this comes surprisingly since the Federal Reserve just increased its interest rates earlier this month and intend to do more rate hikes gradually to prevent overheating of the economy. This also indicates positive growth of the economic outlook.
Federal Reserve president John Williams said that this optimism will only last for short-term and will change over time. With the sluggish growth, this gives a hard time for monetary policymakers to curb inflation and sustain full employment. This leaves the central bank with no choice but to rate hike since low growth trims the demand for investment and further push down the interest rates.