Those hopeful that India can establish a foothold in semiconductor sector should temper expectations, and instead hope that Modi govt will follow through on local chip industry plans.
Microchip, semiconductor or processor, chips are important components in all things tech, from phones to rice cookers. But global shortage has made things difficult, and expensive.
Maruti is expecting the global semiconductor crunch to last for about a year. The global chip shortage has crippled production and climbing commodity prices has raised input costs.
India needs to emulate small countries like Taiwan & Israel that have built focused and niche high-tech sectors, not obsess over China and its ambitious plans.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
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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