Latest news with #HALTejas
The Print
23-05-2025
- Business
- The Print
Operation Sindoor won't hurt Indian economy: BJP spokesperson Gopal Krishna Agarwal
Agarwal emphasised the strength of India's defence capabilities, underlining that 65 percent of the country's defence requirements are met through domestic procurement. India's PSUs—long seen as a liability—have shown exemplary market performance and profitability, especially in the defence sector, with defence exports also rising rapidly, he said. 'There will be no negative impact, as India has never had significant economic relations with Pakistan,' the BJP leader said. 'On the other hand, as Prime Minister Narendra Modi said yesterday, if Pakistan does not stop terrorism, its economy will be completely destroyed.' New Delhi: Operation Sindoor will not have any adverse effect on the Indian economy, BJP national spokesperson Gopal Krishna Agarwal said on Friday. Addressing a press conference in New Delhi, Agarwal sought to dispel fears in some quarters that India's military response to Pakistan following the terror attack in Pahalgam would impact the economy amid ongoing geopolitical tensions and a global tariff war. 'You will find companies like Hindustan Aeronautics and Mazagon Dock have orders booked years in advance,' Agarwal said. 'The BrahMos missile and the HAL Tejas combat aircraft have acquired a global reputation.' He also highlighted India's growing global engagement and strengthening diplomatic ties with the United States and European nations. Agarwal referred to PM Modi's statement during the Russia-Ukraine war, in which he tweeted, 'This is not the era of war.' 'This assertive message echoed globally, urging both nations to resolve their issues through dialogue. His call for peace received significant international praise and support,' Agarwal added. The BJP spokesperson also referenced External Affairs Minister S Jaishankar asserting that India seeks equal partners, not 'preachers.' 'India's global confidence is growing' He noted that growing global confidence in India is mirrored in domestic stability. Despite rising inflation worldwide, India has managed to keep price inflation under control—at 4.4 percent, lower than the RBI's target band. While fiscal deficit levels have reached alarming levels in countries like the United States, India has kept its deficit under control. Agarwal also noted that India's foreign exchange reserves stand at $700 billion, even as the country continues to attract significant foreign direct investment. He also pointed to global praise for India's Digital Public Infrastructure, especially at the G20 summit held in 2023. This includes the Direct Benefit Transfer (DBT) scheme, which directly transfers welfare benefits into beneficiaries' bank accounts. He highlighted the exponential growth of India's capital markets, citing Morgan Stanley reports that project India's capital market—currently at 81,000—to reach 1,00,000 by 2026. The BJP leader acknowledged that challenges remain, particularly due to the ongoing global tariff war and its disruptions. However, Agarwal suggested that this may offer India an opportunity to present itself as an alternative global manufacturing hub, referencing Apple's recent substantial investment in Bengaluru. 'Compared to our competitor countries, our reciprocal tariffs remain low. We will take advantage of this,' Agarwal said. He also noted that, according to the RBI's May bulletin, India's manufacturing sector is expected to remain strong even if the country does not become a global manufacturing hub—thanks to its robust domestic consumption base. The BJP leader also referenced the recent HSBC composite PMI index for India, which stood at 61.2, indicating expansion in both the services and manufacturing sectors. Agarwal cited other reports, including those by Moody's and Fitch, highlighting India's strong growth potential. 'The economy is driven by perception, and the sentiment around India is very positive,' he said. The press conference underscored the Modi government's ongoing commitment to fostering economic growth through strategic reforms and policy initiatives. The creation of the Deregulation Commission aims to reduce bureaucratic hurdles and improve the ease of doing business, aligning with Finance Minister Nirmala Sitharaman's recent warning against overregulating enterprises and the role of the Competition Commission of India. Efforts are also underway to implement labour law reforms at the state level and to accelerate the finalisation of trade agreements, thereby enhancing India's global trade prospects. At the same time, significant initiatives are being rolled out to expand the country's renewable and nuclear energy capacities. (Edited by Prashant)
India.com
10-05-2025
- Politics
- India.com
India's Top 5 fighter Jets that dominates Pakistan, from Rafale, Tejas to Sukhoi, know country's strength amid war like situation
India' had vast military base with its fleet of advanced fighter jets that dominates the South Asian region. It is equipped with modern technology and the Indian Air Force (IAF) is far superior than Pakistan. Let's take a look at the top five fighter jets of India like Dassault Rafale, HAL Tejas, Sukhoi Su-30MKI, and Mikoyan MiG-21: 1. Dassault Rafale The Dassault Rafale is an aircraft developed by France's Dassault Aviation, and is among the world's most advanced fighter jets. It's known for its precision and India currently has 36 Rafale jets which has improved its offensive and defensive capabilities. 2. Mirage-2000 It was launched in March 1978 and is a fourth-generation fighter jet. It has a single-engine design and multiple variants. It's part of the air forces of different countries like India, UAE, Qatar, and Taiwan. 3. HAL Tejas LCA The HAL Tejas Light Combat Aircraft (LCA) is made by Hindustan Aeronautics Limited (HAL). It is lightweight and shows India's self-reliance in defense technology. The Indian Air Force inducted its first Tejas aircraft in July 2016. 4. Sukhoi Su-30MKI It was jointly developed by Hindustan Aeronautics Limited (HAL) and Russia's Sukhoi Design Bureau, the Sukhoi Su-30MKI. Its versatility and adaptability make it unique, as it operates around 300 units. After the signing of a 2000 MoU with Russia, the Su-30MKI has been manufactured under license in India. 5. Mikoyan MiG-21 It became controversial due to the risks associated with it. It's in service for nearly six decades and has undergone several upgrades.
