From day one, Make in India was driven by optics than economics. There were global summits, slick visuals, and media blitzes. But the real machinery never showed up.
The HSBC India Manufacturing Purchasing Managers' Index (PMI) rose to 58.4 in June from 57.6 in May due to a rise in demand for new orders and growing exports, primarily to the US.
A typical woman-owned informal manufacturing unit is about half the size of one owned by a man. The GVA or gross value added per worker is about one-third, indicating productivity loss.
Apart from India-China, international media also looks at how venture capitalism can go wrong, using the example of Byju's. An article explores factors that led to its downfall.
India must leverage its state capacity to implement policies that support businesses while avoiding coercive actions that create chilling effects on companies and investments.
New working paper authored by former CEA Arvind Subramanian and others finds Indian firms increasingly prefer multiple plants in a single state rather than scaling up single plants.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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