All of a sudden, the great game of diplomacy has taken a modified path for India. The burden to put the pressure back on Washington has fallen on New Delhi.
Speaking at summit organised by Chintan Research Foundation, Chinese Ambassador to India Xu Feihong said an Asian century can only succeed with a developed India and China.
With Jaishankar in Moscow, India & Russia finalise terms of reference for FTA between New Delhi & EAEU, as both countries seek to grow trade to $100 bn by 2030.
Unless dramatic reversals take place, the core of India’s foreign policy, which, at least since 2000, has focused on the US, Pakistan, China, and Russia, stands on the verge of collapse.
As India-Russia trade decreases, India's April-July exports to the US this year increased by 21% compared to last year & imports from the US grew by 12%.
Ties between India and the US have hit a rough patch, with President Donald J. Trump taking aim at New Delhi’s continuing trade with Russia. Trump has described India as a ‘dead economy’.
FT underlines ‘lack of innovation’ in India while BBC reports how Mamta Pathak, a 63-year-old chemistry teacher accused of killing her husband, defended herself in court.
Lok Sabha Committee on External Affairs was also told that Trump’s imposition of steep tariff on Indian exports may also be connected to India’s presence in BRICS, it is learnt.
Cape Town and Chennai in recent years endured punishing droughts. Similar conditions afflicted Bengaluru and Hyderabad last year. Now Tehran is facing the same emergency.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Japan unfortunately cannot take up the slack created with America. Indian merchandise exports of $ 5 billion last year, versus $ 80 billion to the US. Plus the US is a market for service exports that others simply cannot match.
My heart tells me this goes beyond opening the marker for US agricultural exports. A loaded political question in India. Also beyond the personality and temperament of President Trump, obviously a monumental challenge for the whole world, including NATO allies. 2. The defining partnership of the twenty first century. Over hyped, both sides did their sums and realised it was not delivering as expected. Our problems with America will not end with the departure of Trump, any more than they did with Biden’s. 3. With America and China, the two superpowers and largest economies, Indian foreign policy needs to return to the drawing board.
You are right in mentioning that ‘no Indian prime minister can offer the kind of concessions Trump seeks in agriculture’. But if I were the prime minister, I would have enforced zero import tariffs on all products and services worldwide and made India the world’s number one free-market economy, I would have India such a heavily industrialised country that the interested farmers would themselves sell their lands for market prices directly to industries without the govt mediating. At the end of my five-year term as the prime minister, I would have implemented reforms in land, labour, and capital to make India a developed country, only to see the electorate kick me out of the PM’s office. For me, the nation’s prosperity is more important than farmers and their ‘third-rate socialist security’. Long live the free market.
The issue with Modi is written in first para itself i.e ” wish to consolidate domestic polity”.
Everyone wants to Win elections but for MODI that’s like a paranoia…obsession. The “PARCHARAK in Modi ” doesn’t let PM Modi work.
Japan unfortunately cannot take up the slack created with America. Indian merchandise exports of $ 5 billion last year, versus $ 80 billion to the US. Plus the US is a market for service exports that others simply cannot match.
On a lighter note, EAM can also talk to his Chinese interlocutors in excellent Mandarin.
My heart tells me this goes beyond opening the marker for US agricultural exports. A loaded political question in India. Also beyond the personality and temperament of President Trump, obviously a monumental challenge for the whole world, including NATO allies. 2. The defining partnership of the twenty first century. Over hyped, both sides did their sums and realised it was not delivering as expected. Our problems with America will not end with the departure of Trump, any more than they did with Biden’s. 3. With America and China, the two superpowers and largest economies, Indian foreign policy needs to return to the drawing board.
You are right in mentioning that ‘no Indian prime minister can offer the kind of concessions Trump seeks in agriculture’. But if I were the prime minister, I would have enforced zero import tariffs on all products and services worldwide and made India the world’s number one free-market economy, I would have India such a heavily industrialised country that the interested farmers would themselves sell their lands for market prices directly to industries without the govt mediating. At the end of my five-year term as the prime minister, I would have implemented reforms in land, labour, and capital to make India a developed country, only to see the electorate kick me out of the PM’s office. For me, the nation’s prosperity is more important than farmers and their ‘third-rate socialist security’. Long live the free market.