Agenda of BRICS Summit starting 13 November is extensive, but anything concrete on trade & investments is absent given slowdown in all 5 member nations.
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.
BRICS may not be as irrelevant as NAM, but it was little more than a passing fad, comprehensively deflated by the 2008 GFC. 2. Relations between India and China are chilling. A recent investment summit has been called off. The Indian economy continues to disappoint. The decision to stay away from RCEP will dim the glow further. 3. Bilateral meetings five or six times a year can become ritualistic.
BRICS may not be as irrelevant as NAM, but it was little more than a passing fad, comprehensively deflated by the 2008 GFC. 2. Relations between India and China are chilling. A recent investment summit has been called off. The Indian economy continues to disappoint. The decision to stay away from RCEP will dim the glow further. 3. Bilateral meetings five or six times a year can become ritualistic.