Defence Minister Manohar Parrikar and outgoing US Defence Secretary Ashton Carter on Thursday finalised the "major defence partner" status to India which will fast-track cooperation and sharing of high-end American defence technology.

Both sides also vowed to expand the bilateral defence cooperation as Carter met Parrikar for the record breaking seventh time.

Source: b'Defence Minister Manohar Parrikar and outgoing US Defence Secretary Ashton Carter/Source: AFP'

So what does it mean to be a “major defence partner” of the US?

The status means that for defense-related trade and technology transfer, India would now be treated at par with America’s closest allies. 

According to the joint statement by both countries, the designation as a Major Defense Partner, is a status unique to India and institutionalises the progress made to facilitate defence trade and technology-sharing with India to a level at par with that of the United States’ closest allies and partners, and ensures enduring cooperation into the future.

What does it mean for India?

Source: b'Minister of Defense Manohar Parrikar (L) and U.S. Defense Secretary Ash Carter/Source: Reuters'

(With PTI inputs)