Ties between India & the US have hit a rough patch in recent months. Trump imposed tariffs of 50 percent on India for its unfair trade practices & continued purchase of Russian oil.
The upcoming policy, currently under deliberation, comprises strategic measures to fortify India’s supply chain for critical minerals, vital for technology and industry.
India only developing nation to join MSP, the elite club set up in 2022 to secure critical mineral supply chains. Experts say this will bring international balance to group.
Releasing Export Preparedness Index report, NITI Aayog CEO says Centre has ‘ticked a lot of boxes’, & responsibility of driving the next phase of export growth now rests with states.
The proposed project costing about Rs 3.25 lakh crore will entail procurement of 18 aircraft in fly away condition & the rest made in India with up to 60% indigenous content.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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