INDIA
IN DEFENCE IT IS “MAKE IN USA, USE IN INDIA”
ARMS DEAL IS A BUSINESS VICTORY FOR TRUMP
2020-02-26 09:28
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During his one-and-a-half day’s stay in India, President Donald Trump successfully persuaded a cash-strapped and recession-hit India into signing defence contracts worth $3 billion. Never mind that India’s trade deficit with the USA stood at an astronomical $23,255.9 million by 2019 end. What is obvious is that Prime Minister Narendra Modi’s slogan of “Make in India” does not apply to the defence sector. Here, the policy is “Make in USA, buy and use in India.”