Foreign Secretary Vikram Misri instead highlighted India’s recent trade liberalisation deals with a number of countries as a part of New Delhi’s push to cut tariffs.
Use of tariffs stems from the urgency to curb rising US trade imbalance. US trade deficit in goods widened to $1.2 trillion in calendar year 2024 from $1.06 trillion in 2023.
Both leaders have vowed to realise the US-India 123 Civil Nuclear Agreement, work to build US-designed nuclear reactors in India through localisation & possible tech transfer.
Trump understands the shock value of his actions and uses it to great effect. He enacted orders focusing on low hanging fruits like immigration, but not China or the Russia-Ukraine war.
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.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Speaking to ThePrint, Salman Akram urges dignity in tragedy, recalling the loss of his brother, Wing Commander Nauman Akram, in similar crash & the mockery his family faced after.
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.
Those who do free trade with socialist India should receive Nobel prizes.