Lockheed Martin was offering F-16s to India, but will now switch to F-21s. The fighter jet is on the drawing board, but company says it’s not a ‘paper aircraft’.
At the heart of the development is India’s insistence on local manufacturing, which mandates that at least 30 percent of parts in imported defence products are made in India.
Sitharaman, who is only the second woman defence minister in India's history, is expected to work closely with the Finance Minister to take key industry-related decisions
In India, only 17% of public sector banks and 25% of private sector banks claimed to have an internal strategy for integrating climate risks into their risk management framework.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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