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You seem to be unaware of world history or local politics. India US relationship has historically been bad. It turned around only during the Bush administratio
by thisisit 1y ago
You seem to be unaware of world history or local politics.
India US relationship has historically been bad. It turned around only during the Bush administration with the civil nuclear treaty. So, this good relationship has been there for last 25 years or so. In comparison India has a longer history with Russia.
India was one of the first countries to start working on a deal with US. India subsidizes agriculture as much as US. Indian farmers are a big voting block. Hence the trade deal has been at stuck:
https://timesofindia.indiatimes.com/business/india-business/donald-trumps-25-tariff-india-expects-minimal-impact-indicates-agriculture-dairy-gm-food-no-go-areas-in-trade-deal-talks/articleshow/123042641.cms https://timesofindia.indiatimes.com/business/india-business/...
That means it is a political suicide for the current Indian government to sign any sort of deal with Trump unless the agriculture part is removed.
And as much you want to tout IT services, overall GDP contribution is 11.47% and pharma is 1.72%. Someone has told me that the remittances from India to US is 3%. All that combines to less than 19% contributed by agriculture.
Add the fact that previous US administration was okay with India buying Russian oil to help stabilize global oil prices:
https://www.ndtv.com/world-news/us-wanted-india-to-buy-russian-oil-when-ukraine-war-started-what-changed-9022516 https://www.ndtv.com/world-news/us-wanted-india-to-buy-russi...
That just pours more fuel on fire. Pun intended.
Additionally, I don't get why people keep thinking that getting deals is some sort of a master plan. Countries routinely break their deals. Its not only US - who you think has "lot of power" which gets to do that. Countries go to WTO to try and resolve it but US has chosen to side step that as well. Case in point US Canada diary dispute:
https://www.wto.org/english/tratop_e/dispu_e/cases_e/ds103_e.htm https://www.wto.org/english/tratop_e/dispu_e/cases_e/ds103_e...
If you think US has "lots of power" and countries, in the long term, are not going to intentionally make things difficult, I have a bridge to sell you.
- sifar 1y ago>> And as much you want to tout IT services, overall GDP contribution is 11.47% and pharma is 1.72%. Someone has told me that the remittances from India to US is 3%. All that combines to less than 19% contributed by agriculture. That is the direct GDP contribution of IT/allied services. The indirect societal contribution is significant. Most real estate in big cities, transportation, food and other services rely on the IT industry. Expect a lot of pain in India when this is impacted.