As per the HSBC report, India will take the third spot at USD 5.9 trillion. Beijing is also poised to overtake Washington as they keep the top two positions in 2030 at USD 26 trillion and USD 25.2 trillion respectively.
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The US is also considering New Delhi's interest in armed drones for its air force, the official said, noting that neither have they received any offer nor have they made any decision on this count.
The White House also indicated to toughen stance against Beijing by going ahead with the proposal to impose 25 per cent import duty on more than 1,300 Chinese products.
The move comes after the Trump administration yesterday published a list of about 1,300 Chinese exports that could be targeted for tariffs.
Many of the systems used on the India-specific platform are derived from key lessons learned and technologies from Lockheed Martin's F-22 and the F-35.
Pakistan PM Shahid Khaqan Abbasi rejected Trump's charge of duplicity over the fight against terrorism, calling his claim that Pakistan was harbouring terrorists a "fallacy".
The US wants Pakistan to act in "its best interest" and take action against terror safe havens, Jim Mattis said today, ahead of his first visit to Islamabad as America's Defence Secretary.
The US State Department on Friday said that Washington is “deeply concerned” at the release of 26/11 Mumbai attack mastermind and JuD chief Hafiz Saeed, according to Reuters.
China also said the US-brokered proposal of these countries to ensure free and open "Indo-Pacific ... should avoid politicising or excluding some relevant parties".
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