What are the key economic and strategic partnership goals that India and the United States have established for their bilateral relationship by 2030?

India and the United States have set an ambitious target to more than double their bilateral trade to $500 billion by 2030, with teams working toward a mutually beneficial trade agreement. The partnership emphasizes enhancing India's energy security through increased cooperation in oil, gas, and nuclear energy sectors, including collaboration on small modular reactors and expanded investment in energy infrastructure. Beyond trade, the nations are strengthening their strategic partnership through joint development, production, and technology transfer in defense sectors. This comprehensive approach reflects their shared democratic values and positions America as a crucial partner in India's defense preparedness, creating a framework for sustained economic growth and technological advancement.