Manufacturing sector a major disappointment as it contracted 1.1% in Q3. Services such as tourism, transport & communications saw strong growth in this quarter.
Services' share in India’s GVA increased from 48% to 57% in 8 years without being the primary focus. Imagine what the sector can do if Modi govt sets its eyes on it.
While GDP growth was lower than Q1's 13.5%, economy saw an uptick on quarter-on-quarter basis driven by services sector. But contraction in manufacturing is cause for some concern.
Veteran investor says government’s swift actions to ease doing business in India will ensure that manufacturing remains in the country and does not shift back.
Foxconn, Samsung, Oppo, Wistron, Pegatron - it was mostly foreign brands that occupied consumer electronics manufacturing scene. But Super Plastronics has been an Indian flag bearer.
Boosting labour force productivity is the key to faster economic growth for India. But India has repeatedly failed to grow its manufacturing base despite demand from a captive market.
Modi says specifics of Gati Shakti infra plan will be announced soon. It remains unclear though if this will be part of Rs 111 lakh-crore national infrastructure pipeline announced in 2019.
The civil aviation ministry could have recognised the enormity of the Air India crash and prepared the AAIB and its investigating team for its sensitivities.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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