India can convert the tariff turmoil into an opportunity to position itself as the world’s go-to trade partner. It has the scale and heft, but needs the boldness.
Speaking to ThePrint, ex-NITI Aayog vice-chief Arvind Panagariya calls for privatisation of public firms, trade liberalisation & more relaxation in labour laws by states, but no Covid cess.
Rajiv Kumar says Modi govt’s labour reforms and PLI scheme will boost industry and exports, and not joining RCEP won’t freeze India out of global markets.
While with the policy response, states have signaled an intent to act, their capacity for action will be limited without the central government’s assistance.
Expecting India's low-paid, unorganised workforce to be part of a fully contributed social sector architecture is unrealistic, writes IAS officer serving in Bihar.
Minister Santosh Gangwar says the govt has carried out extensive consultations with stakeholders before passing the labour codes, but is still open to suggestions.
The codes on industrial relations; occupational safety, health and working conditions; and social security aim to simplify archaic labour laws and give impetus to economic activity.
The labour ministry has told a parliamentary panel that over 10 states have reformed some labour laws over the last year or more. A dozen more are considering them.
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.
I don’t see any hope for poor, corrupt, socialist Republic of India.