If India fails to action key reforms, its geopolitical leverage will reduce and it will be forced to ally more closely with the US on less favourable terms.
India's fascination with the 'Ease of Doing Business' rankings hasn't served it well. Vietnam ranked below India but has attracted more foreign investment.
New FDI rules mean that an American company can invest in India without placing its proposal before the government but a Chinese company can’t do the same.
The clarification from Guangzhou Wondfo Biotech & Zhuhai Livzon Diagnostics came days after India briefly halted the use of antibody tests amid ‘discrepant results’.
China considers the Western world as the big bad wolf and its own poor citizens as victims. But Beijing's aggressive defence of the coronavirus pandemic is failing.
China has labelled as discriminatory India’s new FDI policy that mandates firms from ‘border-sharing nations’ to seek govt approval before making investments.
For all their colonial underpinnings, postcards from Hyderabad also inadvertently preserve a trace of local memory: a glimpse of a street, a face, a forgotten name.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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