India's economy could reach $20.7 trillion in terms of purchasing power parity (PPP) by 2030 and may emerge as the second-largest economy by 2038 with $34.2 trillion GDP, an EY report said on Wednesday. The report also said that with appropriate countermeasures, India can limit the adverse impact of higher US tariffs on selected Indian imports to about 10 basis points of real GDP growth.
Instead, Chinese Premier and Xi's confidant Li Qiang will take part in the summit to be held on July 6-7 in which Prime Minister Narendra Modi was expected to take part.
India and China celebrated the 75th anniversary of their diplomatic relations on Tuesday, with leaders from both countries exchanging congratulatory messages. The anniversary comes as the two countries are working to restore ties after a four-year freeze due to the military standoff in eastern Ladakh. Both countries have expressed a willingness to enhance strategic mutual trust and step up cooperation in various fields. The two sides are also exploring ways to rebuild ties and promote people-to-people exchanges.
India-US relations, like Rome, were not built in a day, nor can they be demolished in a day.
All said and done, when the new global order emerges, India can only remain with the democracies, asserts Ambassador T P Sreenivasan.
The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.
External Affairs Minister S Jaishankar is scheduled to visit China for an SCO conclave, marking a significant step in easing tensions after the 2020 border standoff. Discussions on the boundary dispute are also anticipated.
The formulations in the declaration in reference to terrorism is going to be to our "satisfaction", Dammu Ravi, secretary (economic relations) in the external affairs ministry said on Monday.
Communication channels between India and the US are open to resolve the ongoing tariff issues, and the glitch in trade ties is only temporary, given the long-term relationship between the two nations, government sources said on Wednesday. The US' 50 per cent tariffs on Indian exports to America came into effect from August 27, barring a few sectors.
India and the US on Monday committed to further improving bilateral ties, exploring alternate mechanisms for funding renewable energy and actively pursuing the G20 agenda which includes strengthening MDBs and taking coordinated action to deal with climate change. Several issues, including climate action, rising indebtedness in low and middle income countries and digital public infrastructure, figured during a bilateral meeting between Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen held on the sidelines of the G20 meeting of Finance Ministers and Central Bank Governors. India, Sitharaman said, will "look forward to furthering ... bilateral interests through development cooperation and new investment opportunities through Alternate Investment platforms for renewable energy."
Chinese Foreign Minister Wang Yi has expressed readiness to join hands with India's National Security Advisor Ajit Doval to "properly handle" issues related to the situation on the ground in the border areas, amid the protracted border row in eastern Ladakh.
A meeting with Chinese President Xi Jinping on the sidelines of the SCO summit is being planned.
We have nothing to gain by raising our concerns internationally as our narrative has got entangled with several controversial concepts in the United Nations, asserts Ambassador T N Sreenivasan.
A total of 750 pilgrims have been selected through a computerised draw for the upcoming Kailash Manasarovar Yatra in Tibet, marking the resumption of the pilgrimage after a five-year gap. The Yatra's resumption is seen as an attempt to normalize India-China relations, which were strained by the eastern Ladakh border standoff. The pilgrimage will begin in June and continue until August, with pilgrims traveling in five batches via the Lipulekh route and ten batches via the Nathu La route. The selection process was deemed "fair, computer-generated, random, gender-balanced" by the Ministry of External Affairs (MEA), which organized the pilgrimage.
Chinese Foreign Minister Wang Yi said on Friday that India-China relations have made positive strides and achieved a series of encouraging outcomes at all levels after last year's breakthrough ending the over four-year-long military standoff in eastern Ladakh. Wang's remarks came during his annual press conference as he replied to a question on how Beijing views the course of bilateral ties after the two countries ended the prolonged stalemate in the ties.
China has expressed its support for Russia's initiative to revive the Russia-India-China (RIC) troika, emphasizing its importance for regional and global security and stability.
India on Wednesday outright rejected China's attempts to rename some places in Arunachal Pradesh, saying such 'preposterous' attempts will not alter the 'undeniable' reality that the state 'was, is, and will' always remain an integral part of India.
Issues related to the proposed free trade agreement (FTA) and bilateral investment treaty between India and the UK are expected to figure during the three-day visit of Finance Minister Nirmala Sitharaman to London from April 8-10, official sources said. The minister will attend a host of meetings, including the India-United Kingdom Economic and Financial Dialogue, in London.
For UK automakers, market access to India will be limited by quantity caps and phased tariff cuts, especially on petrol, diesel and electric vehicles.
'India's letter to Pakistan on April 24 (2025; two days after the Pahalgam terrorist attack) didn't tear up the treaty -- but it did put it on ice.'
'The government is actively engaging with EU to ensure that concerns of Indian companies and hard-to-abate sectors are adequately addressed under CBAM'
National Security Advisor Ajit Doval on Monday emphasised the need to counter terrorism in all its forms for overall regional peace and stability during a meeting with Chinese Foreign Minister Wang Yi in Beijing.
India and China on Monday decided to resume the Kailash Mansarovar Yatra as the two sides agreed to take certain people-centric steps to 'stabilise and rebuild' ties.
India is preparing to resume the Kailash Mansarovar Yatra, a pilgrimage to Mount Kailash in Tibet, after a three-year hiatus. The decision comes as part of efforts to improve relations between India and China, which have been strained since a military standoff in 2020. The two countries have also agreed in principle to resume flight services between them.
'We remain in touch with the Chinese side, in Beijing as well as in Delhi, to bring predictability in the supply chain.'
The Chinese Defence Ministry has stated that the Indian and Chinese militaries are implementing the resolutions to end the standoff in eastern Ladakh in a "compressive and effective manner." This follows the disengagement process completed late last year after a pact for troop withdrawal from Depsang and Demchok, the last two friction points in eastern Ladakh. The disengagement has paved the way for the resumption of various dialogue mechanisms between the two countries, with the aim of normalizing bilateral relations.
The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.
India must be cautious while negotiating the proposed bilateral trade agreement with the US, as the absence of Fast Track Trade Authority in America makes any pact vulnerable to Congressional changes, economic think tank GTRI said on Tuesday. It also said that the certification process allows the US to effectively re-negotiate the trade agreement after it is signed, demanding domestic legal changes, regulatory reforms, and policy shifts that could undermine India's sovereignty.
India and China have agreed to rebuild ties and resume people-to-people exchanges, including resuming direct flights and the Kailash Manasarovar Yatra this year. The two countries also discussed the resumption of dialogue mechanisms to address each other's concerns and move relations to a more stable path. The meeting comes after a period of strained relations following the Galwan Valley clashes in 2020.
In an interview with Newsweek magazine of the US, Modi said for India, the relationship with China is significant.
India has firmly rejected any involvement of a third party in its border dispute with China, declining an offer of mediation from US President Donald Trump. Foreign Secretary Vikram Misri emphasized India's commitment to resolving bilateral issues through direct dialogue, stating that New Delhi has always maintained a bilateral approach in dealing with such matters. This stance underscores India's position that the border dispute with China should be addressed through direct negotiations between the two countries.
Finance Minister Nirmala Sitharaman on Tuesday said many countries have evinced interest for bilateral trade in the rupee after the RBI announced a mechanism recently. Speaking at Mindmine Summit 2022, she said this along with other steps taken by the government is towards full capital account convertibility. "It isn't the rouble-rupee which was in the old format. "Now this (bilateral rupee trade) formulation, which I am glad the RBI has come up at a time which was so critical," she said when asked if India is ready for capital account convertibility.
Finding solutions to address non-tariff barriers would be important for the proposed free trade agreement (FTA) between India and the European Union (EU) and both sides are actively working on resolving these issues, Commerce and Industry Minister Piyush Goyal said on Thursday. He said the two sides are "pretty" close to finalising the talks for the proposed free trade pact.
With US President Donald Trump "temporarily suspending" country-specific reciprocal tariffs until July 9, India sees the three-month window as an opportunity to renew its push for a proposed bilateral trade agreement (BTA) with the US and expedite finalisation of the first tranche of the trade deal.
India briefed envoys of the US, UK, France, China, Russia, Germany and several other countries on the Pahalgam terror attack and its link to cross-border terrorism. Foreign Secretary Vikram Misri apprised the diplomats about various aspects of the dastardly terror attack on innocent civilians and India's firm policy of "zero tolerance" against terrorism. The briefing was held a day after India announced a raft of measures against Pakistan including expulsion of Pakistani military attaches, suspension of the Indus Water Treaty of 1960 and immediate shutting down of the Attari land-transit post. The Cabinet Committee on Security headed by Prime Minister Narendra Modi firmed up the punitive measures against Pakistan in view of the cross-border links to the Pahalgam attack that killed 26 people. Diplomats of Oman, the United Arab Emirates, Qatar, Norway, Italy, Indonesia and Malaysia were also part of the briefing. Prime Minister Narendra Modi vowed to punish terrorists behind the strike and said India's spirit will never be broken by terrorism.
China on Thursday said the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Russia's Kazan on Wednesday carries a "great significance" as they reached an "important common understandings" to improve the bilateral ties.
The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.
According to informed sources, Doval will arrive in Beijing on Tuesday to attend the crucial talks, which were expected to provide a way forward for the two countries to normalise the relations.
India and China held diplomatic talks in Beijing, focusing on effective border management and the resumption of cross-border cooperation and exchanges, including on trans-border rivers and the Kailash-Mansarovar Yatra. The meeting explored measures and proposals to implement decisions made during the Special Representatives (SR) dialogue in December. Both sides agreed to work together for the next SR meeting in India later this year.
India needs to be technologically and militarily prepared to defend itself from both Pakistan and China, alerts Ramesh Menon.
Here is a list of Q & As to explain these issues and implications of the US move.
