A decade later, it has become hollow to blame the UPA government or even Jawaharlal Nehru, especially given that the UPA government had a better record on job creation and balanced growth.
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is transforming lives in Bihar, concerns about women's safety after the Kolkata rape-murder & intentions behind now-withdrawn broadcast bill.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.
Releasing Export Preparedness Index report, NITI Aayog CEO says Centre has ‘ticked a lot of boxes’, & responsibility of driving the next phase of export growth now rests with states.
The proposed project costing about Rs 3.25 lakh crore will entail procurement of 18 aircraft in fly away condition & the rest made in India with up to 60% indigenous content.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
Sadly, the transition from pursuing Nehru’s model of development, rooted in the bone-tired Western school of thought focused on absolute industrialization since the 1950s, to a less acknowledged yet future-safe Eastern approach to economic development – one that has led countries like Japan, China, Taiwan, South Korea, and many smaller Southeast Asian nations to reach the pinnacle of development – is being misrepresented as an uninformed monopolistic game by the BJP, rather than recognizing it as the majoritarian government of India (NDA).
The editors of The Print seem to be becoming little more than uninformed social media scrollers, aiming for topical notifications while maintaining the illusion of engaging news coverage.
The intent should be to pursue the right solutions rather than settling for generic approaches that merely satisfy short-term goals. A focus on contextually meaningful development that leaves a lasting impact is essential for remaining competitive in the global development race.
Sadly, the transition from pursuing Nehru’s model of development, rooted in the bone-tired Western school of thought focused on absolute industrialization since the 1950s, to a less acknowledged yet future-safe Eastern approach to economic development – one that has led countries like Japan, China, Taiwan, South Korea, and many smaller Southeast Asian nations to reach the pinnacle of development – is being misrepresented as an uninformed monopolistic game by the BJP, rather than recognizing it as the majoritarian government of India (NDA).
The editors of The Print seem to be becoming little more than uninformed social media scrollers, aiming for topical notifications while maintaining the illusion of engaging news coverage.
The intent should be to pursue the right solutions rather than settling for generic approaches that merely satisfy short-term goals. A focus on contextually meaningful development that leaves a lasting impact is essential for remaining competitive in the global development race.
Also, because of the Congress party, India is the world’s number one fully industrialised-advanced, free-market economy with AAA credit rating!