The step signals America’s ‘belief’ in ties with India, Jake Sullivan said during his two-day visit to India. He met with Jaishankar, Modi & counterpart Doval during the short stay.
India-US trade in first 3 yrs under Biden was $122 bn, while it was $83 bn in Trump’s first term. Average trade surplus in India’s favour grew from $18 bn under Trump to $31 bn under Biden.
India must leverage its state capacity to implement policies that support businesses while avoiding coercive actions that create chilling effects on companies and investments.
Shipping experts & economists say impact on coal-importing countries is likely to be negligible, and India could potentially gain from this disruption if it's agile enough.
The 10-year dispute was over whether India conformed with WTO rules when it banned import of poultry from US over bird flu fears. Move follows settling of 6 other issues in June.
Without the govt enabling the public and private sectors, the deals signed between Modi and Biden won't realise their potential in strengthening India’s military power.
India also agreed to remove retaliatory tariffs on 28 American products like chickpeas, lentils, almonds, walnuts, apples etc. that were imposed in June 2019.
Both India & US will benefit from trade diversification initiatives and their common concerns about China’s coercive actions could further strengthen their economic and strategic relations.
Jaishankar & US commerce secy Gina Raimondo agreed to launch the dialogue, expected to work slightly like oversight mechanism for trade of sensitive goods of national security interest.
Indian industries like apparel and gems and jewellery — whose top export destination is the US — set to take a hit due to global downturn. All eyes on US Fed's meeting Wednesday.
India’s IT services companies are not holding firms. They should focus on creating long-term value for shareholders instead of returning cash to keep share values up.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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