Global media also reports on the Air India crash probe, backlash over mayoral candidate Zohran Mamdani’s remarks on PM Modi & astronomical private school fees.
Lutnick believes a US-India trade deal will be signed in the 'not-too-distant' future, defends President Donald Trump's call for bringing 'advanced manufacturing' factories to the US.
With US officials visiting India for the trade deal, New Delhi will push for full exemption from the 26% tariff on domestic goods announced by Trump earlier this year.
India’s pharma industry relies heavily on US market, with $8.07 bn worth of exports in FY 2023-2024. Pharmaceuticals are India’s third largest goods exported to US in dollar terms.
Biden administration’s focus on China and sticky issues relating to India’s reluctance to provide greater market access has meant the trade deal is off the table for now.
New Delhi is pinning its hopes on the new US administration to make Biden’s 2020 dream of making India and America the ‘two closest nations in the world’ come true.
In an article in Foreign Affairs, Robert Lighthizer says letting India join the multilateral trade regime has led to ‘negative repercussions’ for the US.
Addressing a virtual summit, S. Jaishankar and Mike Pompeo raise pitch on India-US growing public bonhomie, talk 5G tech, Galwan and urge end to trade tiff.
Piyush Goyal says India and the US will go for a preferential trade agreement first on 50-100 goods and services, followed by a larger free trade agreement.
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.
COMMENTS