Commerce ministry data shows that US beat Beijing as India's top trading partner in FY22. China has contested the data, and said it remains India's largest trading partner.
If India hopes to implement infra projects in the neighbourhood to restrain China, it will have to create management groups to support diplomats on the ground.
Sanjay Chadha, Additional Secretary, Commerce, however, also says competition with Beijing is likely to increase as India starts looking at 'supply-chain resilience',
Don’t see a Cold War between US and China but will see antagonism in a lot of key areas, said Ian Bremmer, who heads the risk consultant Eurasia Group.
Trade experts say India’s dependence on China for items like APIs for medicines will continue, but not-essentials like toys & plastics could be cut back.
The ISA should champion a Global Solar Asset Registry for standardised project information, and establish a Solar Credit Guarantee mechanism to mitigate political and currency risks.
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.
BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.
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