Between January and May this year, India-US goods trade touched $55.57 bn compared to $40.27 bn in the same period in 2019. Experts say surge largely driven by Indian exports to US.
An 11 June meeting called by USTR Katherine Tai discussed 'launching negotiations under trade pillar', sparking fears among Indian officials that IPEF could end up as a trade agreement.
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.
India’s economic engagement with the US can be assessed along five dimensions — trade, migration, capital flows, technology, and standards and regulations.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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