China eases export curbs: Relaxations useful but self-reliance India’s only shield, says GTRI; warns on $100bn trade deficit
Wednesday, 20 August 2025 () China's easing of export controls offers a glimmer of hope, yet a GTRI analysis underscores India's urgent need for self-reliance. A staggering USD 100 billion trade deficit in FY25 highlights India's vulnerability, with critical sectors heavily dependent on Chinese imports. GTRI proposes initiatives like reverse engineering and the 'Localize-100' framework to bolster domestic production and reduce reliance.
The White House shifted its language on India, with Press Secretary Leavitt describing Trump’s 50% tariffs as “sanctions.” She said the measures are punitive and aimed at pressuring Russia by targeting importers like India and Brazil—while notably excluding China. Treasury Secretary Scott...
Russia launched a deadly overnight strike on U.S.-owned Flex Ltd in Ukraine, using drones, cruise missiles, and Kinzhal hypersonic weapons. The attack, which left at least 15 people injured, coincided..
Russian Foreign Minister Sergey Lavrov strongly criticized U.S. pressure on India over its oil trade with Moscow, backing New Delhi’s stance during high-level talks with S. Jaishankar. Hours after..
Russia escalated tensions ahead of a key Trump–Zelensky–Putin tri-meeting by launching a deadly strike on U.S.-owned Flex Ltd. in Ukraine. The attack used a mix of drones, cruise missiles, and..