Is Modi visit to US, a trigger point for markets?

Prime Minister Narendra Modi has advanced the departure for his six-day US visit by a day in view of the night landing curfew in Germany. Now, he will leave Delhi on September 25 and lend in New York on the afternoon of September 26. This would be his first engagement with US and he will first visit 9/11 memorial site. His popularity is gaining in US even, if we believe the reports suggesting over 20,000 tickets sold for his Madison Square speech. Although he completes 100 days in office, have worthy foreign trips to Japan, apart from tiny neighbour states like Bhutan, Nepal, Chinese Premier Xi Jinping visit coinciding his birthday and
now he is set to travel to US. All eyes on Modi, including Dalal Street closely watching and the centerpiece of his impression from a global perspective will totally depends on his presentation in America. Knowing his pro-corporate image, Modi is presenting his views before much bigger audience believe in capitalism. More so, when he claims that he dreams to see ‘make in India’ labels on world’s products, how he can sell India to
the US industry to make continuous investments into the country.All said and done, so long India has been promoted and perceived as largest consumer to the western products. Now, Modi want to change the perspective by offering the country as a manufacturing hub for the world. He is needs to speak boldly to attract entrepreneurs into the state, thus the country bourses would react too positively and take the indices to greater heights.

How much will he be willing to put on the table and will he be a good negotiator for India? Interestingly while this is a landmark visit for Modi who has been denied a US visa for several years citing the 2002 riots, the tone of this trip promises to be highly business-like. Both Barack Obama and Modi are aware how important India is for the American market. And this visit comes at a good time for business. US is on an uptick and India needs big investments in infrastructure. Besides, WTO talks round Modi need to find solution to FDI in retail – with WalMart experience – appears somewhat of a sticky. Of course, there is very little time for these things as both the leaders are expected to spend more time on much greater issues like nuclear, defence.Thus, the two leaders need to discuss a range of issue of mutual interest to further the US-India strategic artnership, besides accelerate growth, security cooperation, and collaborations that benefit both the countries and the world. Not the lease, America is more interested Modi’s impression of immediate neighbor, China, especially when the present US visit is coming on the heels of the visit of the Chinese Premier.Although, business wise there have been no big bang efforts to bring ‘ease of doing business’, as India Inc views the Modi’s US visit as very high and there is tremendous need for speed. This US visit will be watched for the same. For this trip to be successful, business must get done.