Mr Modi and Mr Biden reiterated their support for building resilient global semiconductor supply chains, committed to deepening the defence partnership, and welcomed efforts towards establishment of a working group for commercial space collaboration, said a joint statement.
It also comes as China has gone about bulking up the Brics grouping of emerging economies, often pitched as a counter to Western-dominated groupings. Addressing this issue, the Delhi declaration said the group pledged to reform multilateral development banks, proposed tight rules for cryptocurrencies, and focused on the problem of debt for low- and middle-income countries “in an effective, comprehensive and systematic manner”.
The use of Bharat, India’s historical name with Sanskrit origins, is supported by Hindu nationalists.