TRUMP , GLOBAL ORDER AND INDIA / BRIG ARUN SAHGAL / LT GEN PR SHANKAR

[@alpha-engineer]

Excellent discussion! Very insightful. Always enjoy Gen Shankar.

[@xxyz2023]

In trade, only the US dollar is accepted internationally, making it necessary to get dollars when countries need to purchase things from others. The global economy relies totally on the US dollar. Countries have to import oil, which are priced in US dollars. Countries peg their currencies to the dollar, which means central banks needs to buy US dollars to stabilize their own currencies. Attracting international tourists is one way for countries to earn US dollars. At present, India is attracting fewer investments. Investments are going to Vietnam because of more trade agreements & a 10-15 per cent duty concession in the western countries. Even if we are successful in large-scale production & economy of scale, the benefits of acquiring high tech defense items will be short lived due to the transient advantage, where the advantages gained from investing in complex systems are temporary, as they become outdated before costs decrease. The key areas that need reform & simplification are: 1. simplifying complex policies & over regulations during peacetime, to encourage growth & investment 2. improving the environment & ease of doing business in India to attract more investments 3. the industry has to invest in upgrading the skills & training in state educational institutes

[@adm7038]

Well written 👍