Saturday, July 26, 2025

They are unfazed.

"As the window of opportunity to seal a trade deal with the US closes on Aug 1 - when tariffs are set to increase to 26% - New Delhi appears to be unfazed by the looming deadline." CNBC. "US total goods trade with India were an estimated $129.2 billion in 2024." India imported $41.8 billion worth of goods from the US while we exported $87.4 billion to the US, giving us a positive trade balance of $45.7 billion in 2024. ustr.gov. "In 2024, India was the United States' 10th largest trading partner by country (2.4% of US trade), and the US was India's largest goods trade partner (10.8% of India's trade)." "The US trade deficit with India was -$45.6 billion for goods and -$485 million for services in 2024." congress.gov. Perhaps, we should be a little more fazed about a trade deal with the US. "India's largest export, it is often said, is middle management talent to large global corporations." "One does not need to name the many poster boys and girls of this phenomenon. They are well known and well celebrated in India," wrote Rama Bijapurkar. Like all exports, "Overseas Indians sent home a record $129.4 billion in 2024 with the highest ever inflows of $36 billion in the December quarter alone." ET. Why do Indians flee from India? On 12 June 2025, Air India Flight 171 from Ahmedabad in Gujarat to Gatwick Airport in London crashed 32 seconds after takeoff killing 229 passengers and all 12 crew members. One passenger survived. wikipedia. It appears that although Air India is now run by the Tata group, which owns 74.9% with Singapore Airlines owning the other 25.1% (wikipedia),  maintenance is still in the hands of the government owned Air India Engineering Services Ltd (AIESL) whose workers are now on strike (The Hindu). "A number of applicants under India's Electronics Manufacturing Scheme (ECMS) have flagged concerns over meeting their first year production targets due to ongoing shortages of rare earth minerals." "The rare earth scarcity stems from export restrictions imposed by China, which controls more than 90% of global rare earth processing." TOI. Ironically, "India's rare earth exports predated Independence, when radioactive material was accidentally discovered in the beach sands in Kerala." Unfortunately, Indian Rare Earth Ltd (IREL) is an ignored government company, headquartered in a run down building in Mumbai, wrote T Surender. In July, the government told the Rajya Sabha that "nearly one out of every three faculty positions was lying vacant across all 20 AIIMS (All India Institute of Medical Sciences) including the Delhi AIIMS. TOI. AIIMS Delhi was the first, established by the Prime Minister Jawaharlal Nehru in 1956. wikipedia. "India's premier institutions - from IIMs (Indian Institute of Management)  to central universities -are being run by bureaucrats instead of academics, a trend that is discouraging India's top talent from returning home, says policy analyst and author Sanjaya Baru." BT. There is only one reason why Indians are so keen to leave India, never to return -- it is the government. They are unfazed. About India. And Indians. 

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