For India, food will be dearer in 2022. The tradeoff between high growth and high inflation is tricky, and RBI has the unenviable task of balancing it.
The government has to change its view of nuclear weapons as mere symbols of power and see them as affording India a dynamic military means against China.
Even as the war in Ukraine clouds the outlook for prices and growth in the consumption-driven economy, India’s services and manufacturing activity held steady in February.
In the capitals that will now be the unhappiest, a Kamala Harris victory was presumed, and a lot of actions and calculations were predicated upon that.
India-US trade in first 3 yrs under Biden was $122 bn, while it was $83 bn in Trump’s first term. Average trade surplus in India’s favour grew from $18 bn under Trump to $31 bn under Biden.
The Chinese aircraft has uncanny similarities to the American F-35 jet. There are claims that China copied the design. Cyber theft of F-35 design data was reported in 2009.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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