"We were not eating lizards when we didn’t have foreign direct investments,” he told Parliament while presenting the finance bill."
— India’s Rupee is falling but there’s a good chance fears have been exaggerated.
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The decision to beef up India’s naval muscle at Lakshadweep has its roots in security concerns in the wake of the terrorist attacks in Mumbai in 2008 and the rising threat of pirate attacks in the Arabian Sea in recent years. Lakshadweep’s strategic significance stems not only from its proximity to the Indian mainland but also, Nine Degree Channel - a 200-kilometer wide stretch of water through which much of the shipping between West Asia and South East Asia transits runs to the north of Minicoy, the southern-most of the islands.
The magnitude of India’s concern over the safety of sea lanes can be gauged from the fact that over 97% percent of India’s trade by volume and 75% by value is sea borne. The key role that the Arabian Sea and Indian Ocean play in meeting its India’s energy requirements is evident from the fact that 67% of this comes from the Persian Gulf and 17% from Africa.
"— An interesting look at recent moves by the Indian Navy.
