Topic: Manufacturing growth
India’s bargaining power with China and US will grow in post-Covid world
If India fails to action key reforms, its geopolitical leverage will reduce and it will be forced to ally more closely with the US on less favourable terms.
India’s labour reforms trying what Bangladesh, China, Vietnam did — swap income for security
Labour market deregulation has created job opportunities for labourers. For instance, an average textile firm in India has 240 employees; in Bangladesh, about 800.
Factories in districts with no Covid-19 cases could reopen as Modi govt looks to amend law
In a bid to restart manufacturing in the country, and improve the economy, the government will allow some factories to operate under strict conditions.
Coronavirus shrinks global manufacturing to its worst level since 2009
Production has plunged the most in almost two decades while the measure of new export orders also fell to the lowest since 2009.
Industrial production falls 0.3 per cent: NSO data
According to the National Statistical Office data, manufacturing sector output declined by 1.2 per cent compared to growth of 2.9 per cent in Januaro 2019.
RBI’s rate-setting panel member questions growth figures of 8.2% for June quarter
According to Ravindra Dholakia, new GDP series showed higher growth rate because corporate financial data was used for estimating manufacturing value added.
Students in Kashmir attended regular classes for only two weeks in the last one year
The price Kashmir’s economy paid for 5 August: ₹40,000 cr and unemployment levels twice the national average.
India isn’t facing up to the true financial cost of Covid
Truth is currently as scarce as capital in India. The govt doesn’t have the appetite for large-scale socialisation of private losses, lest the opposition accuse PM Modi of cronyism.
Defence
India, China generals meet today as ‘PLA keeps up Pangong incursions, blocks army at Depsang’
The fresh round of dialogue comes as India and China have hit a stalemate in military talks with regard to disengagement at multiple flashpoints in Ladakh.
Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version
Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.