India has the scale, talent, and civilisational ethos to become a trusted hub for manufacturing, technology, and services. We must deepen domestic capabilities to seize this opportunity.
The think tank notes India's losing to Vietnam, Thailand, Cambodia & Malaysia even though it's seen as attractive destination for firms looking to shift manufacturing bases out of China.
Experts say that govt’s PLI scheme has done better than previous measures to boost electronics manufacturing in India, but next phase must focus on value addition.
Ajay Banga said India has window of 3-5 yrs to seize opportunity to attract investment, adding that its growth has been cushioned by domestic consumption in face of global slowdown.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
China accounts for a stunning 35% of global value added in manufacturing. More than the next ten countries combined. I really wish some of that could be won by India, on a level playing field. Not geopolitical strategies like China plus one, or secure supply chains.
China accounts for a stunning 35% of global value added in manufacturing. More than the next ten countries combined. I really wish some of that could be won by India, on a level playing field. Not geopolitical strategies like China plus one, or secure supply chains.