India lost the manufacturing race to China. Here's why it could still succeed
6 months, 2 weeks ago

India lost the manufacturing race to China. Here's why it could still succeed

NPR  

India lost the manufacturing race to China. The Ticking Clock For Indian Economic Development While India’s economy has fallen dramatically behind China’s in recent decades, it’s been looking better recently. “Today, when India enters, it's not competing with Western countries, it is competing with Bangladesh, Vietnam, and still China,” Rajan says. To achieve this vision, Rajan believes India needs to shift strategies “from brawn to brain.” Right now, the country is pursuing industrial policies like pouring billions of taxpayer subsidies into manufacturing. India may have “missed the manufacturing bus,” but, Rajan says, it can still grow rich by jumping on the services train.

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History of this topic

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial
1 week, 1 day ago

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial

China Daily  

In his meeting with President Xi Jinping on the sidelines of the BRICS Summit held in Kazan, Russia, on Oct 23, Indian Prime Minister Narendra Modi noted that maintaining the steady growth of India-China relations was critical for the two countries and peoples. Against a complex international landscape, cooperation between India and China, two engines of economic growth, could help …

Building on the revival of the manufacturing sector
2 weeks, 3 days ago

Building on the revival of the manufacturing sector

The Hindu  

India’s journey to becoming a global manufacturing hub has gained momentum with the government’s strategic policy initiatives, particularly the Production Linked Incentive scheme. The results of the ASI 2022-23 show a healthy double-digit expansion in the growth rate of manufacturing sector output — at 21.5% — despite a high base of 2021-22 which saw a sharp rebound as the economy …

China+1 plan: India’s limited gain
2 weeks, 5 days ago

China+1 plan: India’s limited gain

New Indian Express  

NEW DELHI: Government think tank Niti Aayog has admitted that ‘India has seen limited success so far in capturing the China Plus One strategy. It attributes factors like cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing free trade agreements have played a key role in helping these countries expand their share of exports. The US has raised …

India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report
2 weeks, 5 days ago

India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report

Live Mint  

New Delhi, December 4 : India has had limited success in capitalizing on the opportunities presented by the China Plus One strategy, according to a report by NITI Aayog. While the global trade landscape in 2024 has been significantly influenced by geopolitical developments, the NITI Aayog report noted that India has faced challenges in emerging as a preferred alternative to …

Under Trump, India can find a way to become manufacturing powerhouse: Fareed Zakaria
1 month ago

Under Trump, India can find a way to become manufacturing powerhouse: Fareed Zakaria

India Today  

Veteran journalist and geopolitical expert Fareed Zakaria offered a comprehensive analysis of Donald Trump’s second term as US President, highlighting its global implications, particularly for India. US policy toward India for the last 25 years has been remarkably consistent and upward moving, and so I think what you're likely to see with India is the continuation of that upward moving …

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report
Trending News
1 month, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge As per the report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It …

India could benefit from re-orientation of global supply chain away from China after Trump's victory
Trending News
1 month, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump's victory

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge. As per report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It said …

India's Strategic Labyrinth: Navigating the Grey Zone with China
1 month, 3 weeks ago

India's Strategic Labyrinth: Navigating the Grey Zone with China

Hindustan Times  

Following the recent bilateral between Prime Minister Narendra Modi and President Xi Jinping at the Brics Summit, there is speculation about the future of India-China ties. While India's economy is catching up to China's, the two countries face significant differences in terms of military strength, economic influence, and strategic interests. India's strategic challenges include Sino-Pak collusion, grey zone threats, and …

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging
Trending News
1 month, 3 weeks ago

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging

Firstpost  

India's mobile manufacturing industry is gaining global attention, thanks to the Make in India initiative. Big companies like Samsung and Apple are setting up large factories in the country, making India the world's second-largest exporter of mobile phones. With Samsung's mega factory in Noida and Apple moving some iPhone production to Tamil Nadu, India is becoming a key player in …

How India can fix the Chinese imports problem
2 months, 3 weeks ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

Weighing in on business as usual with China
3 months ago

Weighing in on business as usual with China

The Hindu  

Recent media pieces have speculated on whether India’s fraught relations with China are headed towards a relative thaw and suggestions are being put forward for a more liberal attitude towards foreign direct investment from that country. The economic commentary Despite this national security situation, the Economic Survey 2024 has favoured India plugging itself into China’s supply chains through Chinese investments …

India has to change its policy if it wants to attract more Chinese investment: China Daily editorial
3 months, 1 week ago

India has to change its policy if it wants to attract more Chinese investment: China Daily editorial

China Daily  

There have been positive signs of improving China-India economic relations recently, as evidenced by Indian officials talking about easing restrictions on Chinese investment, and New Delhi making moves to expedite visa approvals for Chinese technicians. The seeming softening of attitude by New Delhi toward Chinese investment may have been made out of expediency, as declining foreign investment is likely to …

India has much to do to woo Chinese firms: China Daily editorial
4 months, 3 weeks ago

India has much to do to woo Chinese firms: China Daily editorial

China Daily  

Although the latest call from some Indian finance and industry officials to ease governmental restrictions on Chinese investment in India is a welcome sign, those Indian policymakers still hesitant to adopt that suggestion, citing an overreliance on China, need to know that even if New Delhi reopens its door to Chinese companies, India might not be able to recover the …

India has chance to emerge as manufacturing hub: BJP MP
4 months, 3 weeks ago

India has chance to emerge as manufacturing hub: BJP MP

Hindustan Times  

Bharatiya Janata Party national spokesperson Sudhanshu Trivedi on Sunday termed the recent Union Budget historic as it was presented by the Modi government in its third consecutive term in office—a feat achieved in Indian history after 60 years. He pointed out that with declining trust in China as the world’s largest manufacturing hub, India has a golden opportunity to establish …

Economic Survey on China: ‘Can India fill manufacturing gaps left by Beijing?’
5 months ago

Economic Survey on China: ‘Can India fill manufacturing gaps left by Beijing?’

Hindustan Times  

The Economic Survey stated that considering the dominance of China in global supply chains, it may not be the most “prudent approach” for India to think that it can fill the spaces left vacant by Beijing in manufacturing. It said, “The Chinese domination over the global supply chains across product categories is a key global concern, especially in the wake …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

To compete with China on economic front, India must focus on manufacturing: Jaishankar
8 months, 3 weeks ago

To compete with China on economic front, India must focus on manufacturing: Jaishankar

The Hindu  

To compete with China on the economic front, India should focus on manufacturing, a key sector which was ignored by governments before Prime Minister Narendra Modi came to power in 2014, External Affairs Minister S. Jaishankar said on April 1. He noted that tension at the border with China has caused "abnormality" in New Delhi-Beijing relations, and added India's thinking …

Will India be a developed country by 2047? Raghuram Rajan says ‘nonsense to even talk about it’
8 months, 3 weeks ago

Will India be a developed country by 2047? Raghuram Rajan says ‘nonsense to even talk about it’

Hindustan Times  

Raghuram Rajan said that India is making a big mistake believing “hype” around its strong economic growth. Raghuram Rajan's response India will not be a developed economy by 2047, Raghuram Rajan said adding that it would be “nonsense” to talk of that goal “if so many of your kids don’t have a high school education and drop-out rates remain high." …

India can’t achieve China’s past 8-10% growth, Morgan Stanley says
9 months ago

India can’t achieve China’s past 8-10% growth, Morgan Stanley says

Hindustan Times  

India is not likely to achieve 8%-10% economic growth rates that China had over the long term, Morgan Stanley’s chief Asia economist said. Chetan Ahya told Bloomberg that India’s economy will likely grow steadily at 6.5%-7% over the long term but it is not going to replace China as a global manufacturing hub. A screen displays the trading information for …

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant
9 months, 2 weeks ago

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant

ABP News  

India is set to become the third-largest economy and stock market in the world in the next five years, G20 Sherpa and former NITI Aayog chairman Amitabh Kant said at the India Dialog conference, organised by the Stanford University US-Asia Technology Management Center, in partnership with the Institute for Competitiveness. Sharing his inputs on the country’s growth, Kant stated: “In …

What can India learn from countries like Vietnam to become an export giant?
10 months ago

What can India learn from countries like Vietnam to become an export giant?

The Hindu  

Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high tariffs could be a deterrent …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 1 week ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot of …

Why India Isn’t the New China
11 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China
1 year, 2 months ago

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China

Firstpost  

By diversifying economic partnerships and fostering ties with like-minded nations, India aims to establish itself as a linchpin of stability and growth, contributing to a more balanced and multipolar world order India’s strategic pivot towards forging stronger economic alliances with nations like Korea, Japan, Europe, and the United States is emblematic of its response to evolving geopolitical dynamics. This shift …

Indian economic prospects may require a more realistic analysis
1 year, 3 months ago

Indian economic prospects may require a more realistic analysis

Live Mint  

The chaos and cacophony of bazaars have a life-affirming quality. Walking through a Delhi bazaar last week, chatting with friendly shopkeepers and roadside merchants and revelling in the warm glow of traditional India, it was impossible not to feel optimistic about the country’s prospects. Recall that, in 2020-21, India’s economy, still recovering from an unwarranted demonetization, contracted by 7% as …

Why China Is So Desperate To Put India In Its Place - News18
1 year, 4 months ago

Why China Is So Desperate To Put India In Its Place - News18

News 18  

For decades, China regarded India as a geopolitical upstart, to be taught the occasional military and diplomatic lesson to keep it in its proper place. Indo-Asian News Service reported on August 7, 2008: “India’s ruling Congress and the Communist Party of China on Thursday signed a pact to put in place a mechanism that would help regular high-level exchanges between …

Slippery Slope of Geopolitics: The Sino Slide - News18
1 year, 4 months ago

Slippery Slope of Geopolitics: The Sino Slide - News18

News 18  

For four decades, the Chinese juggernaut has been marching forward. By the end of the last decade, the world, including the US, the P5 nations and India, had more or less reconciled to a future dominated by the G2 — the US and China. Indian public opinion now clearly treats China as its enemy number one — a burden that …

Will this be the Chinese economy’s ‘lost decade’? - The Hindu
1 year, 5 months ago

Will this be the Chinese economy’s ‘lost decade’? - The Hindu

The Hindu  

The annual business confidence survey released recently by the European Chamber for Business in China showed a sharp deterioration in sentiment. An Associated Press story quoted the chamber’s president as saying business confidence in China is “pretty much the lowest we have on record,” and that there was no expectation that the regulatory environment is really going to improve over …

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing
1 year, 6 months ago

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing

Firstpost  

The coming 24-25 years will be crucial to India in determining its stakes as a global political and economic power. The fifth-largest economy now needs to gear up to its highest potential, with the manufacturing sector being given a fair chance to show its charisma Outperforming expectations, India’s GDP grew at the rate of 6.1 per cent in the last …

IT Minister Ashwini Vaishnaw hits out at Raghuram Rajan’s semiconductor scepticism
1 year, 6 months ago

IT Minister Ashwini Vaishnaw hits out at Raghuram Rajan’s semiconductor scepticism

The Hindu  

June 02, 2023 10:45 pm | Updated June 03, 2023 01:06 am IST - NEW DELHI Union Minister for Railways, Communications, and Electronics and Information Technology Ashwini Vaishnaw on Friday hit out at former Reserve Bank of India Governor Raghuram G. Rajan for expressing scepticism over the outcome of the government’s Production-Linked Incentive scheme for semiconductor manufacturing. “What Raghuram Rajan …

At the root of India’s manufacturing challenge
1 year, 6 months ago

At the root of India’s manufacturing challenge

The Hindu  

The issue of manufacturing or services as the desirable path for India’s economy makes the rounds in public fora periodically. In the early part of this century, when India’s software exports were booming, it had been asked why India’s services sector should not leapfrog over manufacturing to propel the economy forward. Unimpressive record After the economic reforms of 1991, the …

India is making its mark in the world
1 year, 6 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

Indian growth cannot be built on Chinese efficiency: S. Jaishankar
1 year, 7 months ago

Indian growth cannot be built on Chinese efficiency: S. Jaishankar

Op India  

External Affairs Minister S Jaishankar on Wednesday stated that the Indian economy cannot grow on the back of Chinese efficiency and that businesses have to stop looking for “China fixes.” He was speaking at the launch of the book “Made in India: 75 Years of Business & Enterprise” by India’s G20 Sherpa Amitabh Kant. I know that it is not …

India’s China strategy needs to be debated
1 year, 7 months ago

India’s China strategy needs to be debated

The Hindu  

The Chinese have a knack for making headlines on India’s borders. Zhang Yongpan, of the Institute of Chinese Borderland Studies of the Chinese Academy of Social Sciences, claims that China’s move to “standardise” names in Zangnan “completely falls within China’s sovereignty and it is also in accordance with the regulation on the administration of geographical names”. Happymon Jacob has identified …

India-US Trade Camaraderie Stronger Than Before Amid Persistent Chinese Deficit Pinch
1 year, 8 months ago

India-US Trade Camaraderie Stronger Than Before Amid Persistent Chinese Deficit Pinch

News 18  

The United States has emerged as India’s top trade partner for the second consecutive year, tying up China to the second rank. Strategic and foreign trade experts see the trade numbers as a small but significant move towards decreasing India’s reliance on Chinese imports; a move they feel was urgently required given New Delhi’s overdependence on Chinese imports, its persistent …

A resilient India, but growth pangs for China
1 year, 9 months ago

A resilient India, but growth pangs for China

The Hindu  

The Chinese government has disappointed observers with the projection of a growth target of around 5% in 2023, which is lower than that of last year and even lower than the expected GDP growth for India in 2023. Job creation and foreign investment Against such a backdrop, job security is one of the most important objectives of the sustainable growth …

Premature to Think India Will Replace China in Influencing Global Economic Growth: Rajan
1 year, 11 months ago

Premature to Think India Will Replace China in Influencing Global Economic Growth: Rajan

News 18  

Former RBI governor Raghuram Rajan on Tuesday said it is too premature to think that India will replace China when it comes to influencing global economic growth. However, the situation may change going forward as India is already the world’s fifth largest economy, it is growing and has the potential to keep expanding. At a World Economic Forum press briefing …

How growth stories of India and China stack up
1 year, 11 months ago

How growth stories of India and China stack up

Live Mint  

New Delhi: Come Union budget day on 1 February, a central point of analysis would be if it’s enabling economic growth adequately. View Full Image Mint China’s great strength, and India’s weakness over the past 15 years or so, has been investment, or the net addition to capital goods like machinery and equipment. View Full Image Mint China scripted its …

China’s approach to India is like Russian approach to Ukraine, says Rahul Gandhi
1 year, 11 months ago

China’s approach to India is like Russian approach to Ukraine, says Rahul Gandhi

The Hindu  

China is following the same principle with India as Russia has done with Ukraine, Congress leader and Lok Sabha member from Wayanad, Rahul Gandhi, said in a one-on-one conversation with actor-politician Kamal Haasan, who had participated in the Delhi leg of the Bharat Jodo Yatra. In the conversation, shared by Mr. Gandhi in his YouTube channel on Monday, the Congress …

In the new evolving world, India needs a new vision
1 year, 11 months ago

In the new evolving world, India needs a new vision

The Hindu  

The year 2022 can perhaps be best summarised by a quote by Vladimir Lenin: ‘There are decades where nothing happens; and there are weeks where decades happen.’ The year began with the ostensible vanquishing of the COVID-19 pandemic, thanks to the remarkable collective vaccination efforts of science, business and governments across the world. Editorial | Clarity and confusion: On Rahul …

Parsa Venkateshwar Rao Jr | Will Japan’s rearmament impact India’s China ties?
2 years ago

Parsa Venkateshwar Rao Jr | Will Japan’s rearmament impact India’s China ties?

Deccan Chronicle  

The East Asia scenario has got a lot more complex with Japan’s decision to rearm itself for the first time in 77 years with a whopping five-year $320 billion military budget, and soon to catapult itself to the position of the third largest defence budget, after the United States and China. The new strategic thinking, especially on the part of …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

Contours of civilisational fate: Why new India needs to be confident as well as cautious in dealing with world
2 years ago

Contours of civilisational fate: Why new India needs to be confident as well as cautious in dealing with world

Firstpost  

An air of optimism pervades the perception of many educated Indians about their country’s place in the contemporary world. Neither view is a truthful or realistic depiction of India’s history and how it has unfolded in recent times since the accession of Narendra Modi as India’s prime minister in 2014. But the phenomenon of Narendra Modi’s is probably unique and …

Can India Capitalise on China’s Zero-Covid Failure And Become the Future Factory of the World? - News18
2 years ago

Can India Capitalise on China’s Zero-Covid Failure And Become the Future Factory of the World? - News18

News 18  

Covid protests have gripped several cities of China, including Beijing and Shanghai, spilling over to Hong Kong with even Chinese embassies in global metropolises like London, Paris and Tokyo as well as universities in US and Europe. Can tensions surrounding China’s zero-Covid policy present an opportunity for India to rejig supply chain models? While the total global manufacturing value added …

Raghuram Rajan’s latest rant about how world can’t afford India becoming a manufacturing hub like China: Half-baked stats and political humbug
2 years, 2 months ago

Raghuram Rajan’s latest rant about how world can’t afford India becoming a manufacturing hub like China: Half-baked stats and political humbug

Op India  

India is blessed with lots of Nobel laureates, economic experts and academic geniuses that mostly reside abroad and that too mostly in the Anglo-Saxon world. Now RR has come out with yet another bizarre speech – this time he says “world cannot afford India to become another manufacturing powerhouse like China”. To pander to this lobby, and hope to use …

Time for India as a product nation
2 years, 2 months ago

Time for India as a product nation

Live Mint  

An enabling ecosystem builds its own momentum. The next step is to build our products and get into product ownership to usher in a new era of Make in India products that are 100% repairable and upgradable and support the vision of a robust growth nation catering and supporting a circular economy to the global market as well. Next, the …

First Principles | China’s long game, and the lessons it holds
2 years, 2 months ago

First Principles | China’s long game, and the lessons it holds

Hindustan Times  

The Communist Party of China will meet on October 16 to decide if the current Chinese premier Xi Jinping will stay on as leader of the party. The world’s technology watchers believe — not quite farcically — that because Xi will continue to wield power, China’s technological dominance challenging the West will begin to recede. This is why professor G …

India came to a halt during UPA rule, decisions not taken on time, says Narayana Murthy
2 years, 2 months ago

India came to a halt during UPA rule, decisions not taken on time, says Narayana Murthy

Firstpost  

During his interaction with young entrepreneurs and students at the Indian Institute of Management - Ahmedabad on Friday, Murthy expressed confidence that young minds can make India a worthy competitor of China, the world’s second largest economy Ahmedabad: Co-founder of IT giant Infosys, N R Narayana Murthy, has said that economic activities in India were “stalled” and decisions were not …

Head-on | How a rising India can counter China’s geopolitical challenge
2 years, 4 months ago

Head-on | How a rising India can counter China’s geopolitical challenge

Firstpost  

China’s pre-occupation with Taiwan over the next few years along with its continuing economic slowdown presents India with a once-in-a-generation opportunity to rebalance the geopolitical odds in its favour Indian policymakers have several economic, geopolitical and military levers to counter the challenge China poses to India’s orderly rise as a regional power today and as a global power in the …

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