The novel coronavirus or COVID-19, which has claimed 2,800 lives in China and affected more than 80,000 people worldwide, is taking a toll on global economy.
Amid trade tensions and rising tariffs, carmakers are reassessing their workforce in an era of electrification, autonomous driving and ride-on-demand services.
While brands such as Audi, BMW, and Land Rover already offer in-house bulletproofing options, it’s the rise of sales by the private U.S. providers that indicates real profits to be made.
In interview to ThePrint, German Ambassador to India Walter J. Lindner says India & EU should have high-level economic dialogue on trade & investments.
Gangwar says those who come for recruitment in north India often complain that they are unable to find qualified candidates for the posts they are hiring.
Congress leader Rahul Gandhi picked on Finance Minister Nirmala Sitharaman’s statement that millennials' preference for Ola and Uber hurt the auto sector.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
As always, India is behind and slow to capitalize on opportunities available to it. After ignoring and letting industries where India had a strong historical reputation (the Europeans came to India to trade in fabrics and clothing in case anyone remembers these days) to throw all of it’s eggs in the IT and ITES basket, we are now at a stage where shoppers at US and Canadian clothing chains ask sales staff if they could show them clothing and accessories that are “not made in China.” It is not that there is a hatred for China, but shoppers are frightened that even the clothes that they buy could be infected by the Coronavirus. Guess where the non Chinese replacements will come from? Bangladesh, Vietnam, Thailand, Indonesia etc. There was a time when from cheap clothing to the most premium semi custom clothing that you could buy, had a 50-50 chance of being made in India.
Perhaps, this will be a wake up and smell the coffee moment for Indian industry. The one refrain that you will hear at any business event in North America, Europe or the Far East is always how, despite having so much talent, India always seems to manage to bungle things up. Time to use that talent along with both tradition and newer industrial trends to strengthen the economy on the heels of the Coronavirus outbreak. Tighten your collective belt, India! There’s business to be done!
What is likely is that the spinmeisters will ascribe poor economic performance hereafter to Covid 19. In the years before President Trump started his trade war, there was no reason for India not to benefit from healthy global growth, including in merchandise trade. Small countries like Vietnam and Bangladesh made good use of that tailwind. 2. China’s manufacturing is 27% of GDP, ours is 16%. On a base that is almost four and a half times larger for them. That should give a sense of how daunting a task it is for Indian industry to replace China’s in the global economy. Quite apart from the fact that the world’s Value Chains are centred around China, almost completely bypassing India. 3. The government needs to do a far more stellar job of helming the economy than it has managed so far.
We should come out of Hindu-Muslim game and focus on economy and opportunities for all
As always, India is behind and slow to capitalize on opportunities available to it. After ignoring and letting industries where India had a strong historical reputation (the Europeans came to India to trade in fabrics and clothing in case anyone remembers these days) to throw all of it’s eggs in the IT and ITES basket, we are now at a stage where shoppers at US and Canadian clothing chains ask sales staff if they could show them clothing and accessories that are “not made in China.” It is not that there is a hatred for China, but shoppers are frightened that even the clothes that they buy could be infected by the Coronavirus. Guess where the non Chinese replacements will come from? Bangladesh, Vietnam, Thailand, Indonesia etc. There was a time when from cheap clothing to the most premium semi custom clothing that you could buy, had a 50-50 chance of being made in India.
Perhaps, this will be a wake up and smell the coffee moment for Indian industry. The one refrain that you will hear at any business event in North America, Europe or the Far East is always how, despite having so much talent, India always seems to manage to bungle things up. Time to use that talent along with both tradition and newer industrial trends to strengthen the economy on the heels of the Coronavirus outbreak. Tighten your collective belt, India! There’s business to be done!
What is likely is that the spinmeisters will ascribe poor economic performance hereafter to Covid 19. In the years before President Trump started his trade war, there was no reason for India not to benefit from healthy global growth, including in merchandise trade. Small countries like Vietnam and Bangladesh made good use of that tailwind. 2. China’s manufacturing is 27% of GDP, ours is 16%. On a base that is almost four and a half times larger for them. That should give a sense of how daunting a task it is for Indian industry to replace China’s in the global economy. Quite apart from the fact that the world’s Value Chains are centred around China, almost completely bypassing India. 3. The government needs to do a far more stellar job of helming the economy than it has managed so far.