Latest Annual Survey of Industries 2022-23 shows large segments of India’s manufacturing workforce are employed in low-productivity work, value added per worker has contracted.
Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.
Govt launched 'Make in India' on 25 Sept 2014 to make India manufacturing hub. On its 10th anniversary, PM Modi said it illustrates 'collective resolve of 140 crore Indians'.
However, all is not lost. International media reports that India is breaking records in commercial and residential markets, driven by its thriving service sector.
Reports also discuss how cycling is transforming lives in Bihar, concerns about women's safety after the Kolkata rape-murder & intentions behind now-withdrawn broadcast bill.
Experts say that govt’s PLI scheme has done better than previous measures to boost electronics manufacturing in India, but next phase must focus on value addition.
The analysis of two official databases shows that the formal manufacturing sector barely added any jobs since 2015-16, while the informal portion saw job losses.
Modi wants to offer subsidies for domestic production modelled on recent packages for semiconductor firms and electric vehicle makers, said the officials on condition of anonymity.
Jobs, while they increased by 11.2 crore during the Modi years, are the Achilles’ heel of India’s development as labour participation remains low and the informal sector dominates.
Ventures by Japan, South Korea and Taiwan illustrate how the race for REE security is accelerating, powered by both geopolitical tension and industrial strategy.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
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.
Is it possible to share a copy of the report, or share a link to this ?