AGP Executive Report
Last update: 7 hours agoGold-Silver Surcharge: India has sharply raised import duties on gold and silver to 15% from 6%, effective May 13, as the West Asia war keeps pressure on the import bill and the rupee—coming just days after PM Modi urged Indians to pause gold buying for a year. Austerity Goes Local: Modi’s fuel-saving push is spilling into politics: in Uttar Pradesh, a minister surrendered escort vehicles and switched to a motorcycle, while other officials are cutting convoys and shifting to work-from-home. Eastward Strategic Shift: An OPED argues India’s security focus is moving toward the Bay of Bengal and the east coast as China’s Myanmar-linked corridor plans and Pakistan’s signals raise maritime concerns. Industry Warning: Banker Uday Kotak tells Indian business to prepare for a “global power shift” rather than assume crises will quickly return to normal. Indo-Pacific Deterrence: At LANPAC in Hawaii, US and allies stress deterrence needs “industrial endurance” and sustainment, not just combat power. Pacific Economy Watch: The World Bank warns Pacific growth will slow below 3% in 2026 as diesel dependence and tourism shocks intensify.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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