New working paper authored by former CEA Arvind Subramanian and others finds Indian firms increasingly prefer multiple plants in a single state rather than scaling up single plants.
Speaking at an event, the former CEA says he no longer thinks fuel & electricity should be included in GST and added that India has only now, 7 yrs later, reached pre-GST revenue levels.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
Large plants risk being targetted politically for not adhereing to Hindutva agenda or for not adhereing to leftist labour laws. Twitter called boycott of products is a crazy phenomenon in our country.
It is not about ineffeciency. It is about reliability. This is what happens when people who have never started or run a business are intellectuals writing on business. Smaller multiple factories means if something happens in a city due to politics of DMK, TMC or CPI the overal production does not suffer. Also larger factories means India’s communist labor laws will prevent any progress. Smaller is better
Akhil deliberately confuses India with Pakistan where Srilankan managers are burnt for blasphemy
Large plants risk being targetted politically for not adhereing to Hindutva agenda or for not adhereing to leftist labour laws. Twitter called boycott of products is a crazy phenomenon in our country.
Makes sense distribution of political and labour risk
It is not about ineffeciency. It is about reliability. This is what happens when people who have never started or run a business are intellectuals writing on business. Smaller multiple factories means if something happens in a city due to politics of DMK, TMC or CPI the overal production does not suffer. Also larger factories means India’s communist labor laws will prevent any progress. Smaller is better