The Budget’s emphasis on seven ‘strategic and frontier’ manufacturing areas is clearly not random. These are areas of high import dependence, strong employment, and rising geopolitical sensitivity.
India’s cultural content in the field of art, music, dance, food, festivals, and architecture can catalyse countries' services and manufacturing sectors, particularly MSME and cottage industries.
Like China, India remains a big domestic market, which will continue to attract investment, but the US tariffs will make India unattractive for future investments.
A researcher at the Shanghai Institute of International Studies argues that India has aligned itself with the US since the trade war began, seeking favourable terms to attract relocating industries.
The rebound in growth in December quarter was expected, owing to improvement in govt spending, festival-induced boost to consumption & a sharp increase in non-oil exports.
Govt also revised growth estimates for 2023-24 to 6.5%, up from 6.4% earlier. This means growth in final quarter would have to be at 7.7%, far higher than economy has recently seen.
The first advance estimates peg India’s GDP (Gross Domestic Product) growth at 6.4 percent in FY 2024-25, compared to 8.2 percent growth recorded in...
The challenge is no longer one of policy intent — the blueprint for a world-class ECCE system exists within the NEP 2020. The task now is implementation fidelity.
LPG supply eased for more industries, govt says coal gasification is next growth avenue. Centre welcomes US-Iran ceasefire but asks Indians to leave Iran.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
Meanwhile, India is busy with freebies, subsidies, reservations, and loan waivers.