Every time Commerce Minister Piyush Goyal speaks, you would think India is the world’s preeminent export hub. In reality, our share of global merchandise exports is under 3% and shrinking.
A 2-day interactive session was held to project the state as a major investment destination ahead of 2025’s ‘Invest Madhya Pradesh – Global Investors Summit’.
Speaking at Uttarakhand Global Investors Summit, PM Narendra Modi says he will propel India to 'third-largest economy' in next few years, ‘during his third term in office’.
The Mumbai-headquartered conglomerate may raise as much as $800 million to $1 billion in the first tranche as early as the first half of financial year 2024, the report said.
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
Completely agree with the Author. Indian Industrialists are essentially traders who are only happy to sell their substandard products in India. I hardly ever see any Indian products in The European or American markets. No Indian brand is known in these places. Infact if you go to a typical Indian retailer, it is full of goods imported from Bangladesh, Vietnam China etc. Hardly any Indian stuff there.
And with regard to FDI, I can’t remember any event done by govt in Germany ( where I live) to engage the local industry to invest in India. Only pronouncements!! No engagement with local journalists. So rocket science that why India is not on top of their mind to go and invest in
https://thewire.in/economy/three-indias-economic-divide-mexico-indonesia-sub-saharan-africa
This article gives a much clarity on how the Indian economy is performing. As per this almost 135 crore Indians are struggling. The three disasters, the demonetization, GST and COVID-19 have broken the backbone of Indian economy. The Modi govt. s successful only in hiding its economic failures under false figures, show-off and religious madness.
Relax Raghavan. Getting very agitated… why did you not say all this when you were part of the economic advisory group to the government?
Now, no point. Every decision of this government is from a vote bank perspective. Not for the country. And when the fake sound bytes from the biased press are pleasing to the ear, the government has no time for realty check.
Look at GDP data jumla. Who can say with confidence that the data is reliable? If last year the economy grew by 9% and this year we are straddling with a forecast of 6.7%… has the economy shrunk???
Completely agree with the Author. Indian Industrialists are essentially traders who are only happy to sell their substandard products in India. I hardly ever see any Indian products in The European or American markets. No Indian brand is known in these places. Infact if you go to a typical Indian retailer, it is full of goods imported from Bangladesh, Vietnam China etc. Hardly any Indian stuff there.
And with regard to FDI, I can’t remember any event done by govt in Germany ( where I live) to engage the local industry to invest in India. Only pronouncements!! No engagement with local journalists. So rocket science that why India is not on top of their mind to go and invest in
Investing in socialist India is stupidity.
https://thewire.in/economy/three-indias-economic-divide-mexico-indonesia-sub-saharan-africa
This article gives a much clarity on how the Indian economy is performing. As per this almost 135 crore Indians are struggling. The three disasters, the demonetization, GST and COVID-19 have broken the backbone of Indian economy. The Modi govt. s successful only in hiding its economic failures under false figures, show-off and religious madness.
Relax Raghavan. Getting very agitated… why did you not say all this when you were part of the economic advisory group to the government?
Now, no point. Every decision of this government is from a vote bank perspective. Not for the country. And when the fake sound bytes from the biased press are pleasing to the ear, the government has no time for realty check.
Look at GDP data jumla. Who can say with confidence that the data is reliable? If last year the economy grew by 9% and this year we are straddling with a forecast of 6.7%… has the economy shrunk???