The new data published by Swedish think-tank SIPRI comes at a time when the Narendra Modi govt is taking steps to reduce imports with a focus on Make in India.
Tensions between Taiwan and China are rising as Beijing has steadily increased diplomatic & military pressure on Taiwan. The US has sought to push back on the Chinese pressure.
India’s fledgling defence industry has struggled to translate capacity into mass production or compete globally, resulting in continued reliance on imports.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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