Prime Minister Narendra Modi said on Thursday (local time) that India and the US have set a USD 500 billion target for bilateral trade by 2023 and added that the teams of two nations will work together to finalise a mutually beneficial trade agreement. While addressing a joint press conference alongside US President Donald Trump, PM Modi said that the people of the US are aware of Trump's motto MAGA while the people of India are moving towards the goal of Viksit Bharat 2047. He said that India and the US will strengthen the oil and gas trade to ensure India's energy security.

PM Modi said, "The people of America are well aware of President Trump's motto 'MAGA - Make America Great Again.' The people of India too are focusing on heritage and development as they move forward at a fast pace and with a firm resolve towards the goal of Viksit Bharat 2047. In the language of America, it's Make India Great Again - MIGA. When America and India work together, this MAGA plus MIGA becomes a 'mega partnership for prosperity' and it is this mega spirit that gives new scale and scope to our objectives. Today, we have also set a target to increase our bilateral trade to more than double, reaching USD 500 billion by 2030. Our teams will work on finalising very soon a mutually beneficial trade agreement."