India & United States
India and the U.S. launched the U.S.-India COMPACT initiative to boost defense, trade, and technology ties. COMPACT stands for Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology for the 21st century. It aims to strengthen the U.S.-India Comprehensive Global Strategic Partnership. Focus areas include defense collaboration, co-production, and technology exchange. The initiative targets $500 billion in bilateral trade by 2030 (Mission-500). Key sectors include AI, cybersecurity, semiconductors, and space exploration. This marks a major step in advancing Indo-U.S. cooperation across strategic areas.
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