Over the last decade, Bangladesh and Vietnam have eaten India’s lunch when it comes to everything, from apparels to furniture.
“Labour laws are lax, there’s little effort to build a component ecosystem and logistics, and transport remains a big problem. No one seems to be investing in skilled labour that will build the phones.”
India this month blindsided the auto industry by almost doubling the maximum levy on luxury cars and sport-utility vehicles – just weeks after first setting the rate as part of a major tax change.
Any changes to the joint venture will put future foreign investment at risk and cause the government to incur substantial costs, GE said in an emailed statement.
Nearly 50% of the $44 billion that came in as foreign direct investment inflows in 2016 went towards brownfield projects.
Already struggling to survive and compete with cheaper machine-made goods, the added burden of GST compliance will decimate self-employed artisans.
Vinod Dua discusses Make in India and technology transfer agreements, and job losses due to the economic slowdown.
Companies do not want to be held liable for defects in products manufactured in collaboration with local partners under the ‘Make in India’ drive to build a military industrial base.
Ministers were shuttled in and out, supposedly on the basis of performance. But who will take responsibility for the structural slowing down of India’s economy, poor employment generation and agriculture distress?
Design institutes across the country are brimming with eager students who can provide branding solutions, yet the government repeatedly turns to amateurs, ignoring previous lessons.
Narendra Modi is the first Indian prime minister to visit Israel since diplomatic ties were established.
India needs to improve connectivity infrastructure and industrial laws to raise its ranking in world trade.
Crack down on beef and leather trades has jeopardised the livelihoods of hundreds of thousands of Indian Muslims and Dalits, straining India’s social fabric and economy.
Modi’s two-day visit to Washington, where he will be meeting US President Donald Trump for the first time, begins on Sunday
Make in India, Digital India, Startup India and the Smart Cities project were all aimed at creating jobs for the country’s youth, but the government has failed to deliver on that promise.
After promoting a morphed photo of Iwo Jima and a doctored video of Kanhaiya Kumar, he now cites notorious Pakistani website to target NDTV
In the 60th episode of Jan Gan Man Ki Baat, Vinod Dua talks about the ban on the sale of cattle for slaughter and Narendra Modi’s Make in India campaign.
German businessmen also told the Indian prime minister that the lack of a bilateral investment protection agreement was hampering their investment plans in India.
Concerning structural trends among the self-employed, gender disparity in employment and severe sampling flaws with the quarterly employment surveys should be tackled head-on and not ignored.
However much Modi tries to convince people that things are better today than in the pre-NDA era, his government has struggled to make considerable progress in most areas of India’s political economy.
Up to $30 billion in defence deals could be unlocked with the new policy. But the fine print will decide whether it will give a leg up to Indian firms and reduce the country’s dependence on costly imports.
MNREGA acts as a safety net not only against extreme poverty but also against the exploitation of workers.
Why the World’s Largest Sovereign Wealth Fund is Leaving Indian Companies in the Cold and What That Tells Us About Make in India
Norway’s wealth fund blacklists Vedanta, other Indian firms over rights violations, climate impact
After demonetisation, the informal MSME sector needs careful handholding if they are to make the transition to the formal economy.
Demonetisation has crushed all the government’s previous pet projects, from the Swachh Bharat Abhiyan to Make in India, while still using patriotic emotions to advertise their importance.
Objects of almost any shape or geometry can be produced by 3D printing. The technology could seriously disrupt not just manufacturing but related national plans for economic development.
While manufacturing emerged as the largest employer outside the agricultural sector in 2005-2013, livestock farming employed double the amount of workers during the same period.
Indian business leaders are concerned that the rabble-rousing business tycoon’s tough trade beliefs and xenophobia could negatively impact the country.
Civil society group PRAHAR says farmers, petty retail vendors, contract labourers and construction workers are most vulnerable to livelihood threats.
While the deal comes with a number of silver linings, it also shows that boosting indigenous defence production will take a lot more work.
By moving people and businesses to smart villages, revenue, resources and job opportunities will increase in rural India, while cities can decongest.
A refusal to change our traditional adversarial approach to governance has the potential to hold GST reform hostage. This should not be allowed.
The ‘Make In India’ campaign aims to make India a global manufacturing hub, but RBI data suggests that both FDI in manufacturing and the percentage of FDI flowing to manufacturing declined in 2015-16.
Automation is deindustrialising India, which is not sufficiently innovative to face up to the threats posed by artificial intelligence, nor equipped to build on its mainstay capabilities in agriculture and other traditional industries.
Economist and professor at the University of California, Berkeley Pranab Bardhan spoke to The Wire about global discontent amongst the working class, the Modi government’s policies, the need for employment generation, the controversy around Raghuram Rajan and more.
The new Indian workforce must embrace global standards and innovation, only achievable through quality education – both a challenge and an opportunity.
It is ironic that we ignore the handlooms industry for this is precisely the sector that could make the ‘Make in India’ and ‘Skill India’ initiatives work.
Countries such as Malaysia are winning business at India’s expense, resulting in lost revenue, accolades, profits and taxes.
If the prime minister is not galvanised to act by the growing disaffection among India’s youth, it could spell doom for the country’s vast population – and its leaders.
US will continue to work towards facilitating technology sharing with India to a level commensurate with that of its closest allies and partners.