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Former president Donald Trump has said Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> will meet him next week during his upcoming three-day visit to the US. While the Republican presidential candidate slammed India as an "abuser" on the issue of import tariffs, he described Modi as a "fantastic man". PM Modi will be visiting the US from September 21 to 23. Speaking on Tuesday at his first public appearance following the recent apparent assassination attempt, Trump said Modi will meet him next week when he is in the US. "So when India, which is a very big abuser. He (Modi) happens to be coming to meet me next week, and Modi, he's fantastic. I mean, fantastic man. A lot of these leaders are fantastic," Trump said, reiterating that India imposes heavy tariffs on imports. The former president revealed the information as he spoke about trade and tariffs while responding to a question at a town hall meeting in Flint, Michigan. He went on to say, "These people are the sharpest people. They're not a little bit backwards...You know the expression, they're at the top of their game, and they use it against us. But India is very tough. Brazil is very tough....China is the toughest of all, but we were taking care of China with the tariffs." "So we're going to do a reciprocal trade. If anybody charges us 10 cents, if they charge us USD 2, if they charge us a hundred per cent, 250, we charge them the same thing. And what's going to happen? Everything's going to disappear, and we're going to end up having free trade again. And if it doesn't disappear, we're going to take in a lot of money," he said. Modi will begin his trip with the <keyword id="23214075" type="General" weightage="20" keywordseo="Quad-Leaders-Summit" source="keywords">Quad Leaders' Summit</keyword> being hosted by President Joe Biden in Wilmington, Delaware. The summit will be attended by Prime Minister Anthony Albanese of Australia and Prime Minister Kishida Fumio of Japan. Modi will then travel to New York and address a mega community event in Long Island on September 22. He will address world leaders at the landmark Summit of the Future event at the UN headquarters the next day. Modi's visit comes less than two months before the US heads into presidential elections with Trump and Democratic presidential nominee Vice President Kamala Harris in the race for the top job. The US general elections will take place on November 5.

Trump says PM Modi will meet him during US visit, calls him 'fantastic'

<ul class="summary-list"><li><keyword id="19903807" type="General" weightage="100" keywordseo="Elon-Musk" source="keywords">Elon Musk</keyword>'s intended visit to <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> involved his meeting with PM Modi this month.</li><li>Musk cited "heavy <keyword id="19895433" type="General" weightage="20" keywordseo="Tesla" source="keywords" meta.keywordsubtype="org" meta.entityname="Tesla" meta.hostid="261" meta.entityid="Tesla">Tesla</keyword> obligations" in an X post on Saturday as the cause for the delay. </li></ul><a target="_blank" href="https://www.businessinsider.com/elon-musk">Elon Musk</a> has postponed his trip to India amid the <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/tesla-rough-year-sales-slump-layoffs-china-ev-competition-2024-4">ongoing chaos at Tesla.</a> Musk announcement the decision <a target="_blank" class="editor-rtfLink" href="https://twitter.com/elonmusk/status/1781541775183610310">via X</a> — the social media site he purchased two years ago — on Saturday. The Tesla CEO was expected to visit India early next week to <a target="_blank" class="editor-rtfLink" href="https://twitter.com/elonmusk/status/1778116984137245137?s=43&amp;t=UxKjJPmEjJhI62R8aL9cBQ">meet with Prime Minister Narendra Modi.</a> "Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year," Musk wrote. Musk didn't publicly share many details about the trip, but sources <a target="_blank" class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/teslas-musk-likely-unveil-2-3-bln-india-investment-during-visit-sources-say-2024-04-17/#:~:text=NEW%20DELHI%2C%20April%2017%20(Reuters,familiar%20with%20the%20discussions%20said.">told Reuters</a> he planned to announce a $2 to $3 billion investment in India. Musk wants to build a new factory in India, where the <keyword id="20623482" type="General" weightage="20" keywordseo="EV-market" source="keywords">EV market</keyword> is tiny but gaining steam, the outlet reported. The planned visit from Elon Musk coincided with the ongoing National Lok Sabha Elections in India. He confirmed on X that his visit would include a possible meeting with Prime Minister Narendra Modi, after which it was expected that they would together announce Tesla's official entry to India. While this might have benefitted the ruling party amid the crucial elections, the opposition is now capitalising on the delay in Musk's visit. On Saturday, senior Congress leader Jairam Ramesh <a href="https://twitter.com/Jairam_Ramesh/status/1781641711111803382" data-type="tilCustomLink">wrote on X</a>, "It was odd that Elon Must was coming all the way to India to meet an outgoing Prime Minister. He too has now read the writing on the wall and decided to put off his visit. INDIA’s PM will welcome him soon, and the INDIA Government will promote electric vehicles even more aggressively - I myself am a user of one!" Musk hinted at India's growing EV market in an <a target="_blank" class="editor-rtfLink" href="https://twitter.com/elonmusk/status/870411649621999617?s=43&amp;t=UxKjJPmEjJhI62R8aL9cBQ">X post</a> last week. "India commits to sell only electric cars by 2030. It is already the largest market for solar power," he wrote. Musk's decision to <keyword id="20881838" type="General" weightage="20" keywordseo="postpone" source="keywords">postpone</keyword> <a target="_blank" href="https://www.businessinsider.com/tesla-rough-year-sales-slump-layoffs-china-ev-competition-2024-4">coincides with Tesla sharing its Q1 earnings on April 23</a>, when Musk and investors will reckon with the company's tumultuous start to 2024. <div type="image" title="A parking lot outside a Tesla building." height="609" width="1024" msid="109463369" hostid="261"></div> BI reported in early April that <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/china-electric-cars-ev-elon-musk-tesla-byd-price-war-2024-4">Musk's Tesla has struggled to compete in China's EV market</a> as rival companies make "aggressive price cuts." An equities strategist told BI that Tesla's troubles in China likely contributed to the company's first-quarter delivery miss. Around that time, <a target="_blank" class="editor-rtfLink" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-q1-vehicle-delivery-miss-expectations-tsla-musk-2024-4">Tesla stock slid 7%</a>. By mid-April, Musk announced that <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/elon-musk-sent-tesla-employees-email-announcing-layoffs-read-memo-2024-4">Tesla would layoff 10% of its global workforce</a> in an internal memo to staff. The recent layoffs were further bogged down by reports that some employees <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/elon-musk-tesla-apologizes-severance-packagaes-layoffs-2024-4">received "incorrectly low" severance packages</a>. Another round of layoffs <a target="_blank" href="https://www.businessinsider.com/tesla-layoffs-continue-recruiters-2024-4">hit its recruiting department</a> on Friday. Tesla also recently recalled<a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/tesla-recalls-cybertrucks-accelerator-fault-pad-pedal-electric-vehicle-truck-2024-4#:~:text=Tesla%20is%20voluntarily%20recalling%20almost%204%2C000%20Cybertrucks%20over%20a%20fault,%2C%20and%20April%204%2C%202024."> almost 4,000 of its Cybertrucks</a> over faulty accelerator pedals. Musk wrote on X that Tesla was unaware of any "injuries or accidents" related to the problem. "We are just being very cautious," <a target="_blank" class="editor-rtfLink" href="https://twitter.com/elonmusk/status/1780778694535192598">Musk wrote</a>. Musk did not immediately respond to a request for comment from Business Insider.

Elon Musk cancels trip to India as Tesla's struggles continue in the US

<ul class="summary-list"><li>In a move likely to anger the US, Modi is visiting Russia.</li><li>It signals strong ties between the two countries and shows that India is pursuing its own agenda.</li></ul>In a move likely to anger the US, Indian Prime Minister Narendra Modi is visiting Russia on Monday for his first bilateral trip after winning a <a target="_blank" href="https://www.businessinsider.com/india-election-results-complicates-plans-unseat-china-modi-bjp-2024-6">historic third term</a> in office.Modi's two-day visit to Russia — where he is scheduled to meet with President Vladimir Putin — is significant in that it signals strong ties between New Delhi and Moscow. It also shows the world that India is not afraid to pursue its own agenda.Vinay Kwatra, India's foreign secretary, told reporters in New Delhi that issues between Russia and India have "piled up" and "need to be addressed," <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-07/putin-hosts-modi-after-hailing-best-in-history-ties-with-india-rival-china">Bloomberg reported</a>.Russia's relationship with India goes back to the Cold War, and <a target="_blank" href="https://www.businesstoday.in/india/story/rise-in-trade-with-russia-not-a-temporary-phenomenon-s-jaishankar-429969-2024-05-17">trade between the two countries</a> has grown since Russia started the war in Ukraine. <a target="_blank" href="https://markets.businessinsider.com/news/commodities/russian-oil-india-purchases-us-crude-wti-sanctions-ukraine-war-2024-3">India is a major buyer of Russian oil</a>. Russia is also India's biggest arms supplier.Kwatra underscored that the two countries' trade relationship has remained "resilient."Still, Modi's trip will "rankle many Western observers," Ved Shinde, a researcher and contributor to Australia's <a target="_blank" href="https://www.lowyinstitute.org/the-interpreter/why-modi-will-go-moscow">Lowy Institute</a>, wrote in a note on Wednesday."Since the Ukraine war began, India's purchase of cheap oil from Russia has been seen as profiting from troubles in the heart of Europe," Shinde added.<h2 id="05696275-c92a-4ee6-84e4-fd193ca99db2">Modi's visit to Russia will make the US look bad</h2>Just like <a target="_blank" href="https://www.businessinsider.com/vietnam-russia-putin-visit-us-wary-manufacturing-supply-chain-diplomacy-2024-6">Putin's visit to supply-chain hot spot Vietnam</a>, India's engagement with Russia isn't a good look for the US, as it comes while Washington is trying to isolate Putin.The US has raised "some concerns" about India's relationship with Russia with New Delhi, Kurt Campbell, the <a target="_blank" href="https://www.state.gov/special-online-briefing-with-deputy-secretary-of-state-kurt-m-campbell/">US deputy secretary of state</a>, said last month.However, Washington acknowledges that India's ties with Russia are different from its ties with the US."We have many areas of alignment, but it is not surprising that there would be areas where we've had perhaps different perspectives, views, historical ties," Campbell said about America's relationship with India.India, for its part, is looking to balance its relationship with the world's key powerbrokers: the US, Russia, and China."There are different degrees in India's multi-alignment. Make no mistake — the United States and its allies are more consequential for India's future than its relationship with Russia," Shinde wrote.India needs to leverage its historical ties with Russia to secure its economy and security, so Modi isn't just in Russia for a goodwill trip.<h2 id="c79db6fd-b57b-4ff5-8f16-bc16c77b8021">Reducing the trade imbalance</h2>A key agenda item for the visit is to reduce a huge bilateral trade imbalance, Kwatra said.India imports about $60 billion of goods a year from Russia, but Russia buys less than 10% of this amount from India, Bloomberg reported.Modi may also touch on China's activities in the Indo-Pacific region, Kwatra added.India is trying to manage its relationship with China, which has been testy since a <a target="_blank" href="https://www.businessinsider.com/india-china-border-clashes-could-cause-more-indian-ocean-activity-2020-7">border dispute in 2020</a>. Modi skipped the Shanghai Cooperation Organisation summit in Kazakhstan last week.There's also the matter of Russia's ties with China.At the summit last week, Putin said <a target="_blank" href="https://apnews.com/video/kazakhstan-china-government-russia-government-russia-5b1c1a8f402c400d8d703543b0562b51">Russia's relationship with China</a> is in the "best period in history."Modi now needs to cozy up to Putin to counter China's advances."The reason for the time-tested stability in India-Russia ties is to maintain a continental balance in the Eurasian heartland. That is, to balance China," Shinde wrote."Or to put it another way, don't go around making new adversaries when there are already two open fronts — China and <a target="_blank" href="https://www.businessinsider.com/us-and-china-pick-sides-in-tense-india-pakistan-rivalry-2022-3">Pakistan</a>," he added.

Modi's Russia visit shows India isn't worried about making the US mad

<ul class="summary-list"><li>The Indian economy has grown strongly under Narendra Modi, whose party is set to win another term.</li><li>India's success has caught the eye of figures including Elon Musk, Jamie Dimon, and Tim Cook.</li></ul>India's powerful economic growth and blossoming middle class under Narendra Modi have caught the eye of corporate titans like Elon Musk, Jamie Dimon, and Tim Cook.Modi is pretty much a shoo-in for a third term as prime minister after the national election now underway ends on June 1. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil.<h2>Fueling growth and shaking hands</h2>India's economy has more than doubled in size during Modi's decade in charge to more than $3.7 trillion last year.The International Monetary Fund (IMF) <a target="_blank" href="https://www.imf.org/en/Blogs/Articles/2024/04/29/asias-growth-and-inflation-outlook-improves-but-risks-remain">recently upgraded</a> its growth forecast for real Gross Domestic Product (GDP) to a robust 7.8% this year, 6.8% in 2025, and 6.5% in 2026.India has already overtaken Britain to become the world's fifth-largest economy. It's on track to leapfrog Japan and Germany into third spot behind the US and China by 2027.The country's flagship stock index has also tripled in value since Modi took office in May 2014, thanks to wealth gains and growing investment appetites.Moreover, <a target="_blank" href="https://sbi.co.in/documents/13958/36530824/270224-HCES_Feb24.pdf">one estimate</a> puts the percentage of the Indian population living on less than $2.15 a day at below 5%, down from 12% in 2011. However, the <a target="_blank" href="https://pip.worldbank.org/country-profiles/IND">World Bank</a> pegged that figure at nearly 13% in 2021.India's middle class has also ballooned with 60 million people now earning the rupee equivalent of more $10,000 a year — about $37,200 once adjusted for <a target="_blank" href="https://www.imf.org/external/datamapper/profile/IND">purchasing power</a>. Goldman Sachs <a target="_blank" href="https://www.goldmansachs.com/intelligence/pages/indias-affluent-population-is-likely-to-hit-100-million-by-2027.html">expects</a> the ranks of the relatively affluent to swell to 100 million by 2027."Modi has done an unbelievable job in India," JPMorgan's Dimon <a target="_blank" href="https://www.businessinsider.com/jpmorgan-jamie-dimon-economy-inflation-recession-stagflation-geopolitics-crypto-bitcoin-2024-4">told</a> the Economic Club of New York last month. "I know the liberal press here, they beat the hell out of him. He's taken 400 million people out of poverty."Musk has <a target="_blank" href="https://twitter.com/elonmusk/status/1781541775183610310">posted</a> on X that he's looking forward to visiting India and meeting Modi this year. He delayed his trip last month, blaming "very heavy Tesla obligations." The pair are expected to discuss Tesla building a multibillion-dollar factory in the country.As for Apple's Cook, he hailed India on a November earnings call as an "incredibly exciting market" and a "<a target="_blank" href="https://www.businessinsider.com/apple-tim-cook-obsessed-india-consumers-iphone-2023-7">major focus of ours</a>" given the explosive growth in potential customers as locals get richer.<div type="image" title="Sundar Pichai, Tim Cook, Narendra Modi, Joe Biden" height="3907" width="5861" msid="109838230" hostid="261" sizebytes="846512"></div>Modi has also met with Nvidia CEO Jensen Huang, Microsoft boss Satya Nadella, and Alphabet's Sundar Pichai. He's likely to be seeking to attract foreign direct investment (FDI) in India — and to capitalize on bosses' <a target="_blank" href="https://www.businessinsider.com/us-china-relations-reshoring-manufacturing-jobs-made-in-america-2023-10">desire to hedge their bets on China</a> given its strained relationship with the US, economic woes, and how disruptive its strict pandemic lockdowns were to global supply chains."India's population and economic growth numbers are causing a lot of global executives to revisit their India presence and consider scaling up," Richard Rossow, a senior advisor and chair in US-India Policy Studies at the Center for Strategic &amp; International Studies, told Business Insider."Paired with increased concerns about supply chain resilience and security concerns about China, it's a very good time for a hard push to win investments."The United Nations said that India and China both had a population of 1.426 billion in April last year, meaning India is probably now the most populous given its rising birth rate.<h2>Change for the better — mostly</h2>Modi has instigated a raft of major economic reforms since taking office, intended to make India more business-friendly, and boost government revenues by taxing more of the country's vast informal economy.He rolled out a tax on goods and services, simplified bankruptcy laws, lifted FDI restrictions, cut corporate income tax, and ended retrospective taxation.However, not all of Modi's moves spurred growth."Demonetisation was a key economic policy which had negative effects on the economy," Kunal Sen, a director of the United Nations University World Institute for Development Economics, told BI.Sen is the author of several books about India's economy and a professor of development economics at the University of Manchester.He was referring to Modi's sudden declaration in November 2016 that all 500 and 1,000-rupee bills — 86% of Indian currency in circulation — would <a target="_blank" href="https://www.businessinsider.com/india-ending-500-and-1000-rupee-bills-to-fight-corruption-2016-11">no longer be accepted as legal tender</a>.The government's goals were to capture undeclared income, get rid of counterfeit currency, broaden the tax base, and bring more activities into the formal economy."The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. This last economic policy has been revolutionary," Sen said.He was hailing a broader digitization drive under Modi that has <a target="_blank" href="https://www.businessinsider.in/business/news/how-indias-digital-payments-ecosystem-has-evolved-in-the-last-one-year/slidelist/90595832.cms">transformed</a> how Indians bank, invest, pay their taxes, and conduct business.<h2>Prosperity for all</h2>Modi's efforts have helped to usher in a more prosperous era for some Indians, but many have been left behind.Young people are India's beating heart, with about half its population under 25 and almost two-thirds under 35. Matching those hundreds of millions of people with jobs has proven a challenge, with youth unemployment almost tripling from below 6% in 2000 to about 18% in 2019. It still stands at a hefty 10% in 2023, per the <a target="_blank" href="https://webapps.ilo.org/wcmsp5/groups/public/---asia/---ro-bangkok/---sro-new_delhi/documents/publication/wcms_921154.pdf">International Labor Organization</a>.The report found that nearly 30% of India's graduates were unemployed in 2022, and only about 10% of the working-age population was formally employed.<div type="image" title="A farmer uses oxen to plow fields for lentils in Nimaj, Rajasthan, northern India." height="3464" width="5196" msid="109838232" hostid="261" sizebytes="690700"></div>"Unemployment is a big issue," Rossow said, emphasizing this isn't just a problem with recent graduates but a "much, much larger bubble: the underemployed farm laborers."Rising agricultural productivity is likely to help farm workers make a faster transition to city life in the years ahead, but they'll struggle to secure modern jobs in the services industry "without significant reskilling and education," Rossow said.As a result, lower-skilled manufacturing and assembly jobs and lower-end services jobs will be needed, he added.Another major challenge will be tackling a widening wealth divide. The richest 10% of the population hold more than 72% of the nation's wealth, per an Oxfam report <a target="_blank" href="https://d1ns4ht6ytuzzo.cloudfront.net/oxfamdata/oxfamdatapublic/2023-01/India%20Supplement%202023_digital.pdf?">published</a> last year.Business tycoons Mukesh Ambani and Gautam Adani both rank among the world's 15 richest people, per the <a target="_blank" href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a>. Luxury-goods sales are booming with <a target="_blank" href="https://www.carwale.com/news/mercedesbenz-lineups-waiting-period-reduced-in-india/">long waitlists</a> for flashy purchases like the Mercedes "G Wagon."<div type="image" title="The Ambani family onstage with Rihanna." height="854" width="1280" msid="109838233" hostid="261" sizebytes="99148"></div>The <a target="_blank" href="https://www.businessinsider.com/anant-ambani-pre-wedding-festivities-lack-empathy-india-radhika-merchant-2024-3">lavish pre-wedding party</a> thrown by the Ambani family earlier this year was singled out by some as an affront to the huge number of Indians living in poverty.Almost 1.3 billion people live on less than $3,500 a year by one estimate, and India ranks 111th on the <a target="_blank" href="https://www.globalhungerindex.org/ranking.html">Global Hunger Index</a>, below even North Korea.Rising equality is partly explained by a "capital-intensive mode of economic growth along with increasing power of business conglomerates," Sen told BI, referring to how huge companies like the Adani Group secure huge government contracts to build ports, bridges, highways, and other infrastructure.A third challenge is regional inequality, as some states like Bihar and Uttar Pradesh haven't experienced the same growth and modernization of their economies as others, Rossow said.<h2>The Russia riddle</h2>One striking aspect of Modi's economic boom has been its reliance on Russia since it invaded Ukraine in early 2022.India went from getting 2% of its crude oil from Russia before the war, to 35% last year. During that period, the US and Europe slapped sanctions on Russian oil to defund Putin's military machine and punish Moscow for attacking a sovereign nation.Despite that, India purchased an estimated $37 billion of Moscow's oil in 2023 — 13 times the amount it bought annually prior to the conflict. Its buying helped Russia rake in a <a target="_blank" href="https://markets.businessinsider.com/news/commodities/russia-economy-oil-sales-india-ukraine-war-moscow-western-sanctions-2024-2">record $320 billion</a> of federal revenue last year.Indian demand for Russian oil has <a target="_blank" href="https://markets.businessinsider.com/news/commodities/russia-oil-trade-crude-india-discount-barrel-sanctions-price-cap-2024-2">cooled</a> in recent months as new sanctions have made it <a target="_blank" href="https://markets.businessinsider.com/news/commodities/russia-economy-oil-energy-exports-india-imports-revenue-sanctions-discount-2024-3">more expensive</a>, but the buying remains controversial.Officials in India have <a target="_blank" href="https://markets.businessinsider.com/news/commodities/crude-oil-prices-india-russia-trade-geopolitics-opec-supply-puri-2024-2">defended</a> the purchases, saying that if they'd bought Middle Eastern oil instead, global crude prices would have shot up.India is also one of the world's largest oil refiners and has helped Western nations to maintain access to refined petroleum products even as they're refraining from buying Russian crude directly.Yet the country imports 85% of its oil, so its overriding interest is securing the cheapest oil possible to support its development, said Neelima Jain, a senior fellow and chair in US India Policy Studies at CSIS."India will continue to buy Russian oil if the price remains favorable and allows for firm volume guarantees, as the country prioritizes energy affordability and accessibility during its rapid rural-to-urban transition, which has led to a 6% year-on-year growth in energy demand," she told BI."In an inflationary environment, economics [rather] than geopolitics will drive India's energy choices."<div type="image" title="Narendra Modi and Vladimir Putin" height="3196" width="4714" msid="109838234" hostid="261" sizebytes="426292"></div><h2>India the IT hub</h2>Under Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.Big Tech stalwarts like Microsoft have a <a target="_blank" href="https://www.businessinsider.com/microsoft-has-so-many-patents-its-outsourced-the-job-to-india-2013-5">long history</a> of outsourcing to India, but recent efforts to cut red tape and slash corporate taxes appear to have fueled fresh interest.Sweeping layoffs at Alphabet, Amazon, Meta, Salesforce and other US tech titans in the past few years could presage a large exodus of jobs to India.Sanjay Shetty of Randstad India <a target="_blank" href="https://economictimes.indiatimes.com/tech/technology/outsourcing-hubs-like-india-to-bag-40-of-jobs-lost-to-layoffs/articleshow/101088673.cms?">told The Economic Times</a> last summer that he expected 30% to 40% of the tech jobs eliminated globally to move to India by 2025."India is going to be the biggest gainer in the medium to long term, as almost every company that we speak to is looking at expanding its India base," Shetty said.Even if that pans out, it won't be a panacea for a country facing not just unemployment and underemployment, but also stark income inequality, regional disparities, and the risk of alienating Western allies by continuing to buy Russian oil.Yet overall, India appears to be headed in the right direction."The growth is real, if focused on a few key states," Rossow said. "India's dynamic technology services sector is to IT services what China is to manufacturing. So there is much to cheer, even as the reform agenda seems to never end."

Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty 

<ul class="summary-list"><li>Elon Musk visits China to expedite Tesla's full self-driving tech rollout, say reports.</li><li>Musk is set to meet with senior Chinese officials. </li></ul>Tesla CEO Elon Musk touched down in China on Sunday in the tech billionaire's second trip in less than a year to the world's biggest market for electric vehicles.The purpose of the trip is to hurry along the<a target="_blank" href="https://www.reuters.com/business/autos-transportation/elon-musk-heading-china-visit-teslas-second-biggest-market-sources-say-2024-04-28/"> rollout of Tesla's full self-driving technology</a>, the most advanced version of its Autopilot software, Reuters reported, citing an unnamed person familiar with the matter. Musk is expected to meet with senior officials to discuss the software and gain permission to transfer data overseas, the person said.Musk also visited China in May last year when he met with China's foreign, commerce and industry ministers. The content of the meetings was not disclosed, though <a target="_blank" href="https://www.reuters.com/business/elon-musk-visits-chinas-commerce-ministry-2023-05-31/">Reuters reported at the time </a>that Musk had discussed the development of electric vehicles.Earlier this month, Musk said in a <a target="_blank" href="https://twitter.com/elonmusk/status/1781558948144820578">post on X </a>that Tesla would be making Full Self-Driving (FSD) available to Chinese customers "very soon."In an earnings call on April 23, Musk <a target="_blank" href="https://www.businessinsider.com/tesla-stock-tsla-quarterly-earnings-call-report-live-updates-2024-4">said,</a> "So we plan on, with the approval of the regulators, releasing it as a supervised autonomy system in any market that — where we can get regulatory approval for that, which we think includes China."Tesla has been facing increased competition from Chinese manufacturers since electric vehicle maker Xpeng <a target="_blank" class="editor-rtfLink" href="https://www.reuters.com/technology/xpeng-aims-roll-out-driver-assistance-software-all-chinese-cities-by-2024-2023-03-31/">said</a> last year that it was upgrading its advanced driver assistance software (FSD equivalent) and planning to make all its functions available to drivers across China by 2024.Musk's China trip comes after he <a target="_blank" class="editor-rtfLink" href="https://www.reuters.com/world/india/teslas-elon-musk-postpones-india-trip-sources-say-2024-04-20/">canceled </a>a visit to India to meet Prime Minister Narendra Modi. Musk said he had "very heavy Tesla obligations."Tesla did not immediately respond to a request for comment from Business Insider, sent outside regular working hours.It has been a tough month for the EV manufacturer. <a target="_blank" href="https://www.businessinsider.com/tesla-stock-tsla-quarterly-earnings-call-report-live-updates-2024-4">In its earnings call last week,</a> Tesla reported its first decline in quarterly revenue since 2020, when the COVID-19 pandemic caused delays to production and deliveries.This month, The EV manufacturer said it would lay off 10% of its global workforce as it grappled with waning sales.US federal safety regulators also <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/feds-investigating-tesla-autopilot-recall-after-crashes-kept-happening-2024-4">said</a> Friday that they were launching an investigation into whether Tesla's recall of more than two million vehicles in the US, which the company announced in December to install new Autopilot safeguards, was sufficient following several crashes.

Musk makes his second trip to China in less than a year to hurry along self-driving tech rollout, reports say

<keyword id="6354814" type="UNKNOWN" weightage="20" keywordseo="prime-minister-Narendra-Modi">Prime Minister Narendra Modi</keyword>, who is back in India after a multination trip, spent more than a third of his time abroad, commuting from one country to another. Out of the 95 hours that he spent on the trip, the PM spent 33 hours flying in his <keyword id="2573" type="CITY" weightage="20" keywordseo="Air-India">Air India</keyword> <keyword id="6357957" type="CITY" weightage="20" keywordseo="Boeing">Boeing</keyword>, sources told <a href="http://economictimes.indiatimes.com/news/politics-and-nation/33-hours-in-airplane-mode-for-pm-narendra-modi/articleshow/59343483.cms">ET</a>. In the remaining time, he attended 33 back-to-back engagements and meetings in the US, Portugal and the Netherlands, thus making it one of the busiest foreign trips by an Indian PM. Adhering to his rule of not spending a night in a country unless there is an engagement scheduled for the next day, PM Modi didn’t spend a night in either Netherlands or Portugal. The same rule was followed when he flew from Lisbon to Washington DC, thereon to Hague and then back to India. His itinerary included flying 10 hours to Lisbon from Delhi, where he had a briefing in the VVIP lounge of the Lisbon Airport itself, thus saving time that he could have spent in going to a hotel and checking in. From the airport, he left straight for Portugal’s foreign ministry. After meetings with the officials and having a working lunch, PM Modi visited the Champalimaud Foundation, held an interaction with the Indian community and flew out from the Lisbon Airport for Washington DC. After being in flight bound to Washington for nearly eight hours, he checked into the Willard Continental Hotel with his team, where he had 17 engagements over the next two days. However, instead of spending a second night in Washington DC, he flew to the Netherlands, had about seven engagements, and then flew straight to Delhi.

33 hours in flight and 33 back to back meetings! PM Modi surely had a busy trip abroad

Prime Minister <keyword id="6354477" type="PERSON" weightage="100" keywordseo="Narendra-Modi">Narendra Modi</keyword> today left for the <keyword id="6354458" type="COUNTRY" weightage="100" keywordseo="US">US</keyword> after ending his engagements in Switzerland , where he secured the European nation's support for India's NSG membership ahead of a key meeting of the 48-nation bloc. 
 
"Au Revoir Geneve! In under half a day, PM completes visit and emplanes for Washington DC," External Affairs Ministry Spokesperson Vikas Swarup tweeted. 
 
During the visit, India and Switzerland also agreed to step up cooperation to unearth blackmoney Indians stashed in Swiss banks. 
 In Washington, the Prime Minister will meeet President <keyword id="15962" type="PERSON" weightage="100" keywordseo="Barack-Obama">Barack Obama</keyword> at the Oval Office, their sixth after Modi assumed power. He is also scheduled to address a joint session of US Congress on June 8. 
 
Modi is on a five-nation tour. He began his travel in Afghanistan, then travelled to Qatar and Switzerland. 
 After the US, he will visit <keyword id="3746" type="COUNTRY" weightage="100" keywordseo="Mexico">Mexico</keyword> at the invitation of President Enrique Pena Nieto. 
 
Image credit: Indiatimes

Prime Minister Narendra Modi leaves for the US

<ul class="generic-article__summary--ul content--ul"><li class="generic-article__summary--li content--li">Prime Minister Narendra Modi on first foreign trip since winning re-election.</li><li class="generic-article__summary--li content--li">India is pursuing a ‘neighbourhood first’ foreign policy centred on its allies in South Asia.</li></ul>Indian Prime Minister Narendra Modi made his first overseas trip since being elected to a second term by travelling to Sri Lanka and Maldives where he sought to fend off China’s influence on the strategic nations. Modi on Sunday was received at the airport in Colombo by Sri Lankan Prime Minister Ranil Wickremesinghe, before scheduled talks with President Maithripala Sirisena and opposition leader Mahinda Rajapaksa. Modi was stopping in Colombo for a few hours on his return home after an official visit to neighbouring Maldives, where he inaugurated a coastal radar system and military training centre. <div type="twitter" handle="narendramodi" handlename="Narendra Modi" image="http://pbs.twimg.com/profile_images/1134082549041393672/QbihPzrL_normal.png" favoritecount="19448" retweetcount="2835" status="Happy to be back in Sri Lanka, my third visit to this beautiful island in four years. Share the warmth shown by the… https://t.co/1i6uy8yaUa" createdat="1560060219000" id="1137601127602540545"></div>

 Sri Lanka has leased a Chinese-built port located near the world’s busiest east-west shipping route to a Chinese firm in 2017 for 99 years in a bid to recover from the heavy burden of repaying a Chinese loan to build the facility. Hambantota port is part of Beijing’s Belt and Road Initiative that stretches from Chinese waters to the Persian Gulf. In March this year, China also agreed to provide a <a href="https://www.scmp.com/news/asia/south-asia/article/3002960/china-give-us989-million-loan-sri-lanka-major-new-motorway" class="link-text">US$989 million loan</a> to Sri Lanka to build a motorway that will connect the island nation’s tea-growing central region to the southern port. Sri Lanka has been trying to balance both Asian giants.

You Searched For "Modi s US trip" and got 8 results

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33 hours in flight and 33 back to back meetings! PM Modi surely had a busy trip abroad

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Prime Minister Narendra Modi leaves for the US

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