Trade economists note Modi’s cautious nature in opening up the Indian market, especially to Chinese goods, despite his image as a market-oriented leader.
India announced it was withdrawing from the China-backed Regional Comprehensive Economic Partnership, citing the deal’s potential impact on the livelihoods of its citizens.
India already has a trade deficit with 11 RCEP countries. Potential losses from foreign goods, who would find more space in Indian market, likely led to rejection.
Ventures by Japan, South Korea and Taiwan illustrate how the race for REE security is accelerating, powered by both geopolitical tension and industrial strategy.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
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.
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