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India Proposes Major Tariff Reduction to Fast-Track Trade Deal with Trump: Report

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 India has reportedly offered to slash its tariff gap with the United States by nearly two-thirds—from around 13% to below 4%—in a bid to secure a trade agreement with U.S. President Donald Trump, according to two sources familiar with the matter. If accepted, the proposal would narrow the average tariff difference between the two nations by 9 percentage points. This change would apply across a broad range of goods and would mark one of the most significant moves by India to reduce trade barriers in its economy—the fifth-largest in the world. The U.S. remains India’s largest trading partner, with bilateral trade reaching approximately $129 billion in 2024. However, the trade relationship is imbalanced, with India maintaining a $45.7 billion surplus. The news follows Trump’s recent announcement of his administration’s first “breakthrough deal” with the United Kingdom. That deal reduces average British tariffs on U.S. goods while preserving a 10% base tariff on British exports to ...
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Pakistan poised for surge in defence spending over next 2–4 years amid rising India tensions

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 With tensions between India and Pakistan on the rise, defence spending in the region is expected to accelerate, fueling a renewed arms race. A Moneycontrol analysis reveals that while India’s reactions tend to be measured, Pakistan historically ramps up its military expenditures sharply after each major incident — a trend that typically lasts two to four years. According to World Bank data, Pakistan’s annual defence spending growth had slowed to single digits by 2016. However, after India’s Uri surgical strikes in 2016, Pakistan’s military spending surged, doubling to 14.1% in 2017. The following year, 2018, saw an even sharper rise of 17.5% — marking the highest annual jump in seven years. Also check:  first4roofing  |  first4driveways Looking further back, after the 2008 Mumbai terror attacks, Pakistan’s defence budget swelled significantly, rising from 13.4% growth in 2008 to 17.1% in 2009. Over the next four years, Pakistan maintained an average annual increas...
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Defence Stocks Rally Up to 5% After DAC Clears Rs 21,772 Crore Acquisition Proposals

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In a significant boost for India's defence sector, stocks of major defence companies surged by up to 5% following the Defence Acquisition Council's (DAC) approval of acquisition proposals worth Rs 21,772 crore. The DAC, headed by Defence Minister Rajnath Singh, greenlit key procurements to strengthen the Indian armed forces. Among the approved proposals, the most notable is the purchase of advanced weapons systems, including helicopters, missile systems, and ammunition, aimed at enhancing the operational readiness of the Indian Army, Navy, and Air Force. This move is seen as a part of the government's ongoing effort to modernize India's defence infrastructure and reduce reliance on foreign suppliers. The rally in defence stocks reflects investor optimism about the government's commitment to defence sector reforms and its focus on indigenization. Analysts believe that these acquisitions will create long-term growth opportunities for domestic defence manufacturers, pa...
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