India & The New World

­­­­­­The New World: The Hundredth Day Deepak Razdan Wednesday, 30 April, 2025 President Donald Trump celebrated the 100th day of his Second Presidency of the United States with a public rally in Michigan on Tuesday. The day also marked the 100th day of the dawn of the New World which followed the US President’s inaugural speech on 20th January and the events that came after. The President had a long list of achievements to speak about before the crowds. Equally noteworthy with the large body of his work was the President’s style of conducting his work. President Trump voiced all through the past 14 weeks his determination to realize the dream of an average American to see her country become Great Again. Tariffs were only one medium to achieve that. Mr Trump expressed a deep faith in democracy and dialogue by engaging with over 70 countries simultaneously to work out trade deals. There were corrections to various announcements coming every other day. The US President ne...

  India That Meets The New World Deepak Razdan 27 April, 2025 India has a population of over 1,454 million people. Sixteen per cent of India’s GDP comes from agriculture, which supports 46.1 per cent of the total population. Compared to China’s 28.8 per cent, India’s share in global manufacturing is 2.8 per cent. India ranks seventh globally in services exports, accounting for 4.3 per cent of the total exports. The Indian economy must generate 7.8 million non-farm jobs annually until 2030 to productively engage its growing working population. This is India’s latest profile with which it has to engage with the New World, the world born out of US President Donald Trump’s trade tariffs war. As they prepare to enter into trade deals with the US, all economies in the world are having a re-look at their strengths and weaknesses. It will not be surprising that coming trade agreements in the world will reflect respective strengths of the partners in the agreements. India too ...

  IMF Bares the New World That India Must Conquer Deepak Razdan 23 April, 2025 In spite of its unique challenges, India emerged as the world’s fastest growing economy recently. There were predictions how soon India would be among the world’s top three economies. Suddenly, the world changed. It is this New World that India has to appreciate and conquer to continue its march towards becoming a developed nation. US President Donald Trump made a series of policy announcements and then gave a set of new trade tariffs for the whole world. As the tariffs showed effect, Mr Trump offered a 90-day pause and talks with over 70 countries for new trade agreements. The global trade war was, however, already begun and gave birth to the New World, where every country is worried about its financial health, and has to take decisions based on self-interest only. The International Monetary Fund (IMF) on 22nd April, 2025 released its World Economic Outlook (WEO), 2025 which showed how the w...

  Doing Business in the New World Deepak Razdan 20 April, 2025 India has advocated diplomacy and dialogue to solve any international crisis. There has been a significant change in the world situation lately. It is a completely transformed world now; a world that seeks no engagement without profit. It’s this New World that is India’s main challenge in its current foreign trade talks. US President Donald Trump’s 4th March address to the Joint US Congress revived international boundaries, without any changes in geography. A New World took shape. America was now for America First. America had been ripped off for decades, plundered, looted by its trade partners, the US President said. The US will now impose reciprocal tariffs and take in trillions and trillions of dollars to usher in the Golden Age of America, he announced. He promised to US citizens “We are going to create the highest quality of life, build the safest and wealthiest and healthiest and most vital communities a...

Agreements Alone Will Not Take Foreign Trade Ahead Deepak Razdan         bhi                                                                         17 April, 2025 India is currently engaged in talks with the US for a Bilateral Trade Agreement (BAT) and hopes to conclude its first tranche by Fall (September-October) of this year. India is also negotiating trade deals with the European Union (EU) and the United Kingdom. As India looks for a space in the New World, ushered in by US President Donald Trump’s policies announced at the inauguration of his second term of the Presidency, India will require more than ju...

Facing Global War with Bilateralism 13 April, 2025 Deepak Razdan As the New World continued to churn after US President Donald Trump’s unilateral announcement of stiff import tariffs, his subsequent pauses and a steep penalty for China’s reciprocal tariffs, it was almost clear the US President was articulating for his country virtually the same pain and suffering that Ukraine President Volodymyr Zelenskyy was speaking about for his nation. The Ukraine President was seeking world attention to his country’s plight after Russia brutally captured parts of its eastern territory, bombed its urban infrastructure and buildings, and caused loss of innocent lives. President Trump has similarly sought the world’s recognition that China has captured vast parts of its market, taking advantage of its low tariffs and inability to act against theft of intellectual property. The world made huge trade profits while the US kept quiet, respecting multilateral laws and conventions, he said. If ...

Keeping Afloat in Troubled Waters 8 April, 2025 Deepak Razdan US President Donald Trump’s trade tariffs announced on 2nd April will fully come into effect from Wednesday. Most countries, especially the developed bloc, comprising the European Union, Canada and UK have either announced reciprocal actions or are planning their counter-strategies. Despite many countries reaching the US for negotiations, a global trade war has begun. It has pushed the Ukraine war into background. Russian President Vladimir Putin is not as much in international focus now as US President Donald Trump is. Today, nations are making appeals for moderation and dialogue to Mr Trump, who has launched the tariffs offensive and is not inclined to slow down. The US was cheated by nations whom it helped since the end of the Second World War, he maintains. Mr Trump has threatened an additional 50 per cent tariff on China, if it does not withdraw by Tuesday noon the 34 per cent counter-tariff it has imposed on ...