Data shows Indian exports to the US in the first seven months of this financial year crossed $50 billion. Electronic & engineering goods, drugs & pharmaceuticals drive exports.
Delivering his keynote remarks at APEC CEOs Luncheon in South Korea, the US President reiterated his disputed claim of personally averting a nuclear war between India & Pakistan in May.
India’s foreign policy today is driven less by Western alignment or global liberalism and more by domestic political imperatives — economic, ideological, and electoral.
India keeps falling into ‘great power’ fantasy trap. Think of the 1950s, when New Delhi mistook its all-too-real potential for actual power, and China brought it down to earth in 1962.
The President said US is working on a deal that will give it access to Indian markets. He announced a new trade deal with Indonesia, after which the latter will face a reduced tariff of 19%.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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