It was high post-pandemic foreign spending that pushed govt to impose checks, but these are not working to reduce either tourism spending or real estate purchases abroad.
From airlines like IndiGo and Thai Airways to hospitality chains offering thousands of rooms, companies are tapping into India’s burgeoning middle-class and growing spending power.
Indian tourists jumped 50% to just over 44,000 in the first two months of the year, making them 23.3% of the total number of visitors, the most from any single country.
What’s happening to Thai tourism could prove a canary in the coal mine for the leisure sector in other Asian economies as China matures and a new India emerges.
Indians see West Asia as one uninterrupted wash of Islam, but the reality is more complex. For the Druze, support from Israel—where they are a recognised minority—is now critical.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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