India's Ministry of Defense has announced a 10% increase in its defense budget for fiscal 2026 which begins April 1, reaching a record $78.3 billion amid security challenges from Pakistan and China. The budget breakdown reveals that 26.4% ($20.7 billion) is allocated for new acquisitions. Major planned purchases include (General...
U.S. Opens New Consulates, Increases Staff in India
A new U.S.consulate has recently been inaugurated at Hyderabad, India, said U.S. Ambassador to India, Eric Garcetti, during an interactive session organized by the New Delhi-based Observer Research Foundation. "We are increasing the staff strength in New Delhi, and premises have been located in Bangalore and Ahmedabad for setting up...
America's Allies Reduce Dependence on China, Turn Toward India
Allies of the U.S. — Japan, South Korea, Taiwan and Australia — are among the countries that are trying to diversify their economies away from dependence on China, whose export-oriented industries are likely to be hurt by the trade war, and are turning toward India. Asian countries "do not have...
U.S. to India: Revise Stance on Capping Med Device Prices
The Government of India has limited retail prices of medical devices such as knee implants and heart stents by up to 75 percent to make them more affordable, but the $5 billion Indian medical-technology industry that includes Abbott Laboratories, Boston Scientific Corp, and Johnson & Johnson, among others, has protested these...
In a U.S.- China Trade War, Does India Benefit?
Analysts differ on their opinions on whether India stands to gain if there were to be a trade war between the U.S. and China, but the majority say India stands to benefit from the tensions. The Economic Times reports that Seshadri Chari, a national executive member of the ruling Bharatiya...