TikTokers pull back the curtain on global luxury brands, revealing failed relocation attempts, unfair wages, and China’s unmatched manufacturing supremacy.
The worry is that sustained overproduction will lead factories to keep cutting prices, compounding global deflationary headwinds & worsening trade tensions.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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