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American Journalist: India’s PM Modi met Iran’s President. It seems they are working on a trade deal
Secretary of State Rubio: I don’t think India and Iran are doing a trade deal. All countries have their own foreign policy and talk to Iran. America has also met with Iranians
#foreignaffairs
Secretary of State Rubio: I don’t think India and Iran are doing a trade deal. All countries have their own foreign policy and talk to Iran. America has also met with Iranians
#foreignaffairs
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Belgium PM Bart De Wever says he wants to give an India gate made up of chocolate but was difficult because it would melt. #Offtopic
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Belgium PM Bart De Wever says he is looking forward to welcome PM Modi to his country in December this Year.
The long waited India - EU FTA signing could happen during PM Visit to Belgium which also hosts the EU Headquarters.
#Geopolitics #Trade
The long waited India - EU FTA signing could happen during PM Visit to Belgium which also hosts the EU Headquarters.
#Geopolitics #Trade
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India has run a current account deficit in 22 of 23 years. Since 2020 it has absorbed five external shocks - a pandemic, a supply-chain crunch, a European war, a tariff wave and a Gulf war - and the deficit has not once passed 2.4%.
🔹1991: We were about to collapse as a nation at -3.1% CAD.
🔹1997–98 Asian Crisis: CAD remained relatively contained at around 1–1.3% of GDP.
🔹2008 GFC: Despite one of the biggest financial crises in modern history, CAD remained at around 2.6%.
🔹2011–13: Combo of high oil prices, weak exports, strong domestic demand and global turmoil CAD close to 5% of GDP in 2012. One of the reasons why we were part of Fragile 5.
🔹2022: The Ukraine war and energy shock pushed CAD back towards 2–2.4%.
🔹2026: The Hormuz/West Asia crisis has created another major oil and geopolitical shock. Yet in Q1 FY27, India's CAD was only 0.5% of GDP.
Superb Management from current govt. #Economy #Policy
🔹1991: We were about to collapse as a nation at -3.1% CAD.
🔹1997–98 Asian Crisis: CAD remained relatively contained at around 1–1.3% of GDP.
🔹2008 GFC: Despite one of the biggest financial crises in modern history, CAD remained at around 2.6%.
🔹2011–13: Combo of high oil prices, weak exports, strong domestic demand and global turmoil CAD close to 5% of GDP in 2012. One of the reasons why we were part of Fragile 5.
🔹2022: The Ukraine war and energy shock pushed CAD back towards 2–2.4%.
🔹2026: The Hormuz/West Asia crisis has created another major oil and geopolitical shock. Yet in Q1 FY27, India's CAD was only 0.5% of GDP.
Superb Management from current govt. #Economy #Policy
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🇮🇷⚔️🇺🇸🇰🇼🇦🇪 Iran attacked Al-Jaber base in Kuwait and Al-Minhad base in the UAE.
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Belgium is looking to significantly deepen its defence partnership with India, with 10 major areas of industrial cooperation proposed during the Belgian delegation’s visit to New Delhi.
Key proposed industrial partnerships:
#defence #aatmanirbharbharat
Key proposed industrial partnerships:
🔘 Ammunition: New Lachaussée–Tembo to establish production lines with capacity of 100 million rounds/year
🔘 Mine warfare: Exail–L&T to supply autonomous mine-countermeasure systems for India’s MCM vessels, initially 12 vessels potentially up to 59.
🔘 70mm rockets: Thales Belgium–Kalyani to assemble rockets in India, with the first fully India-produced rocket expected in early 2027.
🔘 Weapons & counter-drones: FN Herstal–Kalyani exploring a joint production centre in India.
🔘 Zorawar: John Cockerill–L&T involved in the proposed turret for India’s light tank.
🔘 Electro-optics: OIP–India Optel cooperation for Arjun tank sights and fire-control systems.
🔘 Naval engines: Anglo Belgian Corporation–Kirloskar cooperation on a 6 MW marine diesel engine
#defence #aatmanirbharbharat
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India will announce the final details of its Bilateral Trade Agreement (BTA) with the United States only after Washington agrees to offer preferential tariff terms over India's competitors, Commerce and Industry Minister Piyush Goyal said today
"As soon as the US is able to give us the preferential rate in comparison to our competition, we will finalise the BTA and announce the final details," Minister Piyush Goyal said, addressing a national workshop on Leveraging FTAs Outreach program #Trade #ForeignAffairs
"As soon as the US is able to give us the preferential rate in comparison to our competition, we will finalise the BTA and announce the final details," Minister Piyush Goyal said, addressing a national workshop on Leveraging FTAs Outreach program #Trade #ForeignAffairs
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EAM S. Jaishankar holds talks with Ukrainian FM Andrii Sybiha in Kyiv. #Geopolitics
Coincidentally after 6 days no Russian Attack on Kyiv Proper reported till now
Coincidentally after 6 days no Russian Attack on Kyiv Proper reported till now
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After Japan, Italy, Netherlands, Indian side cautions Belgium over defence engagement with Pakistan; Gets assurances from Brussels, as India-Belgium firm up defence ties-from training to defence deals. #Defense
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🇮🇳🤝🇧🇪 List of Outcomes after PM Modi meeting with Belgium PM Bart De Wever #Geopolitics
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