The worry is that sustained overproduction will lead factories to keep cutting prices, compounding global deflationary headwinds & worsening trade tensions.
There will be a crazy electric vehicle like the BMW i5 M60 every once in a while but most will be boring toaster-shaped and silent ‘mobility solutions’.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS