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...
Assam CM Himanta Biswa Sarma's Hindu-Muslim polarisation is clearly done to maximise the odds of winning. But an important legal question is: does it expose him to legal liability?
FY 2022-23 was the first normal economic year in recent years, said Saurabh Garg, Secretary of the Ministry of Statistics and Programme Implementation, in an interview with ThePrint.
The 7 February incident involving Tejas aircraft caused severe damage to its frame. IAF and HAL are working together as part of the Board of Inquiry (BoI) to probe the incident.
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