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
๐ฅ44๐7โค5
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%.
๐น1991: We were about to collapse as a nation at -3.1% CAD.
๐น1997โ98 Asian Crisis: CAD remained relatively contained at around 1โ1.3% of GDP.
๐น2008 GFC: Despite one of the biggest financial crises in modern history, CAD remained at around 2.6%.
๐น2011โ13: 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.
๐น2022: The Ukraine war and energy shock pushed CAD back towards 2โ2.4%.
๐น2026: 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
๐น1991: We were about to collapse as a nation at -3.1% CAD.
๐น1997โ98 Asian Crisis: CAD remained relatively contained at around 1โ1.3% of GDP.
๐น2008 GFC: Despite one of the biggest financial crises in modern history, CAD remained at around 2.6%.
๐น2011โ13: 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.
๐น2022: The Ukraine war and energy shock pushed CAD back towards 2โ2.4%.
๐น2026: 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
๐49โค9๐4๐1
๐ฎ๐ทโ๏ธ๐บ๐ธ๐ฐ๐ผ๐ฆ๐ช Iran attacked Al-Jaber base in Kuwait and Al-Minhad base in the UAE.
โก27โคโ๐ฅ4โค3๐2
Belgium is looking to significantly deepen its defence partnership with India, with 10 major areas of industrial cooperation proposed during the Belgian delegationโs visit to New Delhi.
Key proposed industrial partnerships:
๏ปฟ
#defence #aatmanirbharbharat
Key proposed industrial partnerships:
๐ Ammunition: New LachaussรฉeโTembo to establish production lines with capacity of 100 million rounds/year
๐ Mine warfare: ExailโL&T to supply autonomous mine-countermeasure systems for Indiaโs MCM vessels, initially 12 vessels potentially up to 59.
๐ 70mm rockets: Thales BelgiumโKalyani to assemble rockets in India, with the first fully India-produced rocket expected in early 2027.
๐ Weapons & counter-drones: FN HerstalโKalyani exploring a joint production centre in India.
๐ Zorawar: John CockerillโL&T involved in the proposed turret for Indiaโs light tank.
๐ Electro-optics: OIPโIndia Optel cooperation for Arjun tank sights and fire-control systems.
๐ Naval engines: Anglo Belgian CorporationโKirloskar cooperation on a 6 MW marine diesel engine
๏ปฟ
#defence #aatmanirbharbharat
โค32๐3
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
๐31โคโ๐ฅ6๐4โค2๐1
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
๐ฅ47๐5๐5๐2
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
โค44๐7๐3
๐ฎ๐ณ๐ค๐ง๐ช List of Outcomes after PM Modi meeting with Belgium PM Bart De Wever #Geopolitics
๐11โค7๐3