While the Hindutva fascists with their genocidal hatred towards Muslims have been leading an unprecedented anti-Muslim riot in the entire national capital region of Delhi, during the preceding two days, Modi was engaged in appeasing Trump, his imperialist master by totally conceding to all of latter's corporate demands.
Accordingly, the joint statement that arrived at designates both India and US as the "Comprehensive Global Strategic Partners", with the former obviously in its traditinal junior capacity. It implies a hither to unknown level of military cooperation between the two, a revitalisation of the "Quadrilateral" consisting of US, Japan, Australia and India as a geopolitical counterweight against China in the Indo-Pacific region.
Out of this deal, the immediate economic gain to US imperialism is a Rs. 50000 core defence deal including around Rs. 20000 crore weapon-deal from US military-industrial complex led by arms MNCs such as Lockheed Martin. Among other things, the deal also involves the dumping in India of the crisis-ridden Westinghouse-owned 6 obsolete nuclear plants at a cost of around Rs. 2.5 lac crore as well as an MoU on LNG pipeline infrastructure between Indian Oil Corporation and Exxon-Mobil.
However, more gruesome is regarding the primary information on the blueprint of a comprehensive trade deal that is under process. Accordingly, among other things, the whole dairy sector of India providing livelihood and sustenance to 15 crore Indians (almost equal to half the population of US) will be thrown open to US agribusiness and corporate farm exporters who are already enjoying a subsidy of around Rs. 61 lac crore in US that enables them to dump their products in India and elsewhere. Regarding this, fascist Modi regime is reported to have given its commitment to Trump even as Indian farmers, many of whom own just one or two animals, are consistently demanding that agriculture should be kept out of all international trade deals.
A number of agreements on digital technology and cyberspace, counterterrorism and so on in which US corporatocracy has monopoly power have also been arrived at. For instance, displaying his wholehearted interest to work as a junior partner of US digital giants, Mukesh Ambani has even informed Trump that his company (Jio) is "the only network in the world that doesn't have a single Chinese component." No doubt, various US tech giants such as Googlepay, Apple, Visa, Mastercard, Facebook, What's App, etc. have already established their tendacles in India.
And that also is related to the political crux of the matter. At a time when imperialist China is the biggest threat to US-led western imperialist bloc (for instance, all US efforts to contain the growing clout of Huawei, the Chinese digital giant has failed so far) in today's multipolar world, Trump is taking all steps available to deal with it. As the post-Brexit EU becomes more assertive and as Sino-Russian alliance, unlike the Cold War days, is more strong, Trump, the current CEO of US corporate interests is bent on utilising India as a last resort and a launching pad in its anti-China machinations.
As is obvious now, in this sharpening inter-imperialist rivalry between US and China, Modi is fully inclined towards casting his lot with the former. This was evident from Modi' s last minute exit from the RCEP by the end of 2019, as continuing in it would have resulted in playing the inevitable second fiddle to China which is the big brother both in RCEP and in Asia-Pacific region. Now together with the geopolitical undertones involved, Modi's impending trade deal with US having far-reaching repercussions for India is the logical corollary of his backing out from RCEP trade deal.
To be precise, with these various defence partnerships and trade deals (whose legal framework is to be finalised), Modi is integrating India with the US-led western imperialist bloc that is fully in conformity with the time-tested servility of RSS to Yanki imperialism.