PM Modi has sought to incentivise manufacturing in India through PLI schemes, but the components have come mainly from China, with Indian companies only engaged in assembling.
Oil prices are nearly 40% lower than they were in June 2022, when fuel prices were effectively frozen; yet, consumers have not benefited from this decrease.
There is a difference between protecting an investor from unscrupulous external action, and protecting them from themselves. The former is necessary, but the latter should be avoided.
Govt inaction has 3 impacts on e-gaming: smaller companies operating in grey market to avoid tax, bigger ones moving out of the country, and international companies pausing plans to enter India.
Since 2014, the Modi government has been aggressively expanding access to banking services and encouraging participation in the stock market. Simultaneously, it has sought to substantially boost GST revenue.
The incidence of GST is higher on the poor than rich. The public would be better off pushing for faster timelines for this rather than making plaintive appeals for income tax reductions.
If corporate India and the stock markets want stability, and PM Modi wants someone who unquestioningly follows his directions, then Sitharaman is the right person for the job.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
Till the diplomatic relationship improves, the economic engagement should be placed in a separate silo. Trade, investment, tourism. Cutting off access to such an immense economy, deeply integrated with the rest of the world, would be an act of self harm.
Till the diplomatic relationship improves, the economic engagement should be placed in a separate silo. Trade, investment, tourism. Cutting off access to such an immense economy, deeply integrated with the rest of the world, would be an act of self harm.