"As leaders of two great democratic nations with diverse traditions and faiths, we share a vision for a partnership in which the United States and India work together, not just for the benefit of both our nations, but for the benefit of the world," the White House said in a statement.
The vision statement said that US-India strategic partnership is a joint endeavour for prosperity and peace, and through intense consultations, joint exercises and shared technology, their security cooperation will make the region and world safe and secure.
"Together, we will combat terrorist threats and keep our homelands and citizens safe from attacks, while we respond expeditiously to humanitarian disasters and crises.
"We will prevent the spread of weapons of mass destruction, and remain committed to reducing the salience of nuclear weapons, while promoting universal, verifiable, and non-discriminatory nuclear disarmament," it said.
Asserting that the US and India will have a transformative relationship as trusted partners in the 21st century, the White House said, "Our partnership will be a model for the rest of the world".
"Acknowledging that the two countries have vastly different histories, but both our founders sought to guarantee freedoms that allow our citizens to determine their own destiny and pursue their personal aspirations.
"Our strategic partnership rests on our shared mission to provide equal opportunity for our people through democracy and freedom," said the White House.
According to the vision statement, the two countries will support an open and inclusive rules-based global order, in which India assumes greater multilateral responsibility, including in a reformed United Nations Security Council.
Observing that climate change threatens both the countries, the vision statement said they will join together to mitigate its impact and adapt to the changing environment.
"We will address the consequences of unchecked pollution through cooperation by our governments, science and academic communities.
"We will partner to ensure that both countries have affordable, clean, reliable, and diverse sources of energy, including through our efforts to bring American-origin nuclear power technologies to India," the vision statement said.
The US and India commit to expand and deepen their strategic partnership in order to harness the inherent potential of the two democracies and the burgeoning ties between their people, economies, and businesses.
"Together we seek a reliable and enduring friendship that bolsters security and stability, contributes to the global economy, and advances peace and prosperity for our citizens and throughout the world.
"We will ensure that economic growth in both countries brings better livelihoods and welfare for all of our people. Our citizens value education as a means to a better life, and our exchange of skills and knowledge will propel our countries forward. Even the poorest will share in the opportunities in both our countries," it said.
It said, "joint research and collaboration in every aspect ranging from particles of creation to outer space - will produce boundless innovation and high technology collaboration. Open markets, fair and transparent practises will allow trade in goods and services to flourish."
Underscoring that the currents of kinship and commerce, scholarship and science tie the two countries together, the joint vision statement said these areas of cooperation will allow India and the US to rise above differences by maintaining the long-term perspective.
"Every day, in myriad ways, our cooperation fortifies a relationship that matches the innumerable ties between our people, who have produced works of art and music, invented cutting-edge technology, and responded to crises across the globe," it said.
"The United States and India commit to expand and deepen our strategic partnership in order to harness the inherent potential of our two democracies and the burgeoning ties between our people, economies, and businesses.
"Together we seek a reliable and enduring friendship that bolsters security and stability, contributes to the global economy, and advances peace and prosperity for our citizens and throughout the world," the vision statement said.
"Our people will be healthier as we jointly counter infectious diseases, eliminate maternal and child deaths, and work to eradicate poverty for all. And they will be safer as we ensure the fullest empowerment of women in a secure environment," it said.