Firms must build buffers, concerted indigenisation needed in strategic sectors like defence. At individual level, partial social safety net now exists, but more funding required.
The big capex push will not only create productive assets, but also more jobs. This, in turn, will create sustainable demand as well as crowd in private investment and push growth.
India Skills Report 2022 was released by Wheebox, a talent assessment platform, with AICTE, Association of Indian Universities, Confederation of Indian Industries, and other agencies.
The push to collect data could help Centre to formulate better policies to create jobs and offer skills training given that the informal sector accounts for roughly half of the GDP.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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