US Treasury Secretary Tim Geithner and Finance Minister Pranab Mukherjee announced the establishment of a new US-India Economic and Financial Partnership to strengthen bilateral engagement and understanding on macroeconomic, financial sector and infrastructure-related issues.
'Trump administration wanted a positive tone at this summit, but there was still some anxiety that there could be some awkward moments -- and there were not.'
It's time India re-visited its Western alliances for the attitude and approach that the West reserves for the nation when it comes to security cooperation of the kind that they might not have visualised outside of China, India's bug-bear, asserts N Sathiya Moorthy.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Prime Minister Narendra Modi and US President Joe Biden will have a substantive engagement on the sidelines of the Quad summit on Saturday, and the two sides will sign at least two agreements following the talks.
India on Monday said that gas imports from Iran by pipeline passing through Pakistan was indispensable to its economic growth and will enter into trilateral dialogue on the pipeline early next year.
The prime minister will leave for the Indonesian city of Bali on Monday on a three-day visit to attend the summit that is expected to deliberate extensively on pressing global challenges including the Ukraine conflict and its implications.
Before the group photo session, US President Biden walked towards Prime Minister Modi and exchanged pleasantries and warmly shook hands.
Prime Minister Narendra Modi and French President Emmanuel Macron have called for enhancing trade and investment ties between their countries and committed to further deepening their engagement in the Indo-Pacific. They discussed a full spectrum of bilateral relations, including key global and regional issues, and stressed the urgent need for reform in the United Nations Security Council. The leaders also underscored their commitment to ensuring the global AI sector can drive positive social, economic, and environmental outcomes.
Indian pharmaceutical companies may have units abroad as part of "distributed manufacturing" across various locations, according to industry veterans. This may come about over the next five to 10 years.
The India Today group said on Monday it would launch an English language daily in New Delhi early next year.
Reports (not denied by India) that the USA had 'for the first time provided real-time details to their Indian counterparts on the Chinese positions and force strength in advance of a PLA incursion' into Tawang at the LAC in December 2022, helping India thwart China's expansionist designs, show how operationally effective the USA-India friendship has become on the ground. A engaging excerpt from Sreeram Chaulia's must-read new book, Friends: India's Closest Strategic Partners.
Trump announced that India and the US agreed to work together to build the India-Middle East-Europe Economic Corridor (IMEC) and called it one of the greatest trade routes. He said that the route will operate from Israel to Italy and onward to the US.
India is ready to further cut import tariffs on industrial goods for using it as a strong bargaining point in World Trade Organisation negotiations, Commerce and Industry Minister Kamal Nath said on Monday.
'Price spike shaved 1 percentage point off GDP growth'.
This year, the India Economic Summit has more foreign companies attending than Indian ones.
The first summit in South Asia, it will host the largest delegation of 43 heads of State and government as well as the heads of international organisations.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
Though things are going well for India, the unfinished agenda is still huge and needs to be addressed quickly.
"There will be no significant hiring," Microsoft India chairman and corporate vice-president Ravi Venkatesan told reporters on the sidelines of the India Economic Summit in New Delhi.
Putin's remarks came within two weeks after Prime Minister Narendra Modi's historic visit to Ukraine where he held talks with President President Volodymyr Zelenskyy.
Delhi's appeasement strategy may now translate as more mega arms deals with the US, generating substantial business and job creation in the American economy. Make no mistake, Americans will use it to pressure India, predicts Ambassador M K Bhadrakumar.
Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.
Congress President Sonia Gandhi on Monday suggested that corporate India should join the public sector and civil society in facilitating social change, while outlining primary education, health and nutrition as areas where the three could collaborate
Barring a few, such as Andhra Pradesh Chief Minister N Chandrababu Naidu (74), Union Minister C R Patil (69) and Uttar Pradesh Finance Minister Suresh Khanna (71), most other ministers attending the WEF represent the next generation of India's politicians.
The incident remains a reminder of the inherent fragilities of all geopolitical relationships.
'Tax rate and stock markets are entirely two different things.'
India's stock markets corrected recently but foreign money is likely to chase China rather than India in the short-to-medium term, said Chris Wood, global head of equity strategy at Jefferies, on Thursday. Wood told the Business Standard Manthan Summit in New Delhi he is bullish about Indian equities from a long-term perspective, but for the short term he is cautious given the quantum of foreign investor (FII) outflows and valuation woes.
"As per the agreement, the design, engineering, sourcing and manufacturing will be handled by Bajaj Auto while marketing and selling will be by Renault-Nissan Alliance."
Those who stay in other countries illegally do not have any legal right to be there, Modi said.
Close on the heels of Finnish mobile handset maker Nokia announcing its manufacturing plans for India, a Taiwanese rival is in talks with the government to set up shop in the country.
His five-year rule saw the Babri Masjid demolition, the rise of the saffron forces and also the country being placed firmly on a new economic path, away from the Nehru years of public sector socialism.
Wal-Mart chief S Robson Walton met Prime Minister Manmohan Singh and Sharma last week and discussed the foreign direct investment scenario in the retail sector in India.
The Mutual Logistics Support Agreement will allow militaries of the two countries to use each other's bases for repair and replenishment of supplies besides facilitating scaling up of overall defence cooperation.
Prime Minister Narendra Modi will visit the Indonesian city of Bali from November 14 to 16 to attend the G-20 summit, the ministry of external affairs announced on Thursday.
I don't feel that as a G7 it properly represents what's going on in the world. It's a very outdated group of countries.
