Targets like a GDP of $5 trillion, increasing manufacturing to 25% of GDP, doubling farmers’ incomes and exports will not make Modi govt’s life easier.
In a country where a third of the population lives in cities, agriculture uses about 90% of fresh water in India, compared with 64% in China, 60% in Brazil, and 44% in Nigeria.
Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among some measures being considered by India.
Between 2008-09 & 2013-14, India’s exports grew to Rs 19 lakh crore from Rs 8.4 lakh crore. Under Modi, the best was Rs 20.8 lakh cr from April 2018 to Feb 2019.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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