For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
High net worth Indians emigrating are not a vote of confidence in the future of the economy. Avoiding tax liabilities for past transgressions may be a very small part of their decision making process. Retrospective amendments to the law is another contribution of the babus to making India a difficult place to operate in.
High net worth Indians emigrating are not a vote of confidence in the future of the economy. Avoiding tax liabilities for past transgressions may be a very small part of their decision making process. Retrospective amendments to the law is another contribution of the babus to making India a difficult place to operate in.