Washington and New Delhi have agreed to a framework to deepen their economic, energy and defense relationship, U.S. President Donald Trump and Prime Minister Narendra Modi announced Thursday evening.

President Trump greeted the Indian Prime Minister at the White House with a bear hug and called him “a great friend of mine.”

India's benchmark indexes are set to open higher on Friday after U.S. President Donald Trump said the Indian Prime Minister offered to talk about easing tariffs, easing some worries over reciprocal duties.