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 them as force multipliers in his senseless attack on PLI, RR is now telling us that India should not become a manufacturing powerhouse and instead pursue “services”. In an earlier article, he compares the price of the iPhone in India with the US and draws weird conclusions from that – that Modi is keeping phones expensive in India to benefit PLI. It’s almost like a supermodel descending on Times Square asking “Who wants to go on a date with me?” After all, the richest most powerful country on the planet, one that RR knows pretty well, is throwing billions at Samsung, Hyundai, TSMC, Toyota and others.

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India unveils $5 billion plan to strengthen domestic electronics component production
1 month ago

India unveils $5 billion plan to strengthen domestic electronics component production

Live Mint  

India is set to roll out incentives worth up to $5 billion to local electronics firms to manufacture components for devices ranging from smartphones to laptops, according to government officials. However, the industry remains heavily dependent on imported components, particularly from China and Hong Kong, which account for over half of India's $89.8 billion electronics imports in the fiscal year …

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 …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 1 week ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent
1 month, 2 weeks ago

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent

Live Mint  

Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies. “Mr Trump in his election rallies and speeches has been talking about imposition of tariffs on our neighbours, which I am sure will make a lot of …

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 …

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 …

India not reaping benefits of demographic dividend: Raghuram Rajan
8 months, 1 week ago

India not reaping benefits of demographic dividend: Raghuram Rajan

The Hindu  

India is not reaping the benefits of demographic dividends, former RBI governor Raghuram Rajan said on April 16, emphasising that there is a need to focus on improving the human capital and enhancing their skill sets. “I think we are in the midst of it, but the problem is we are not reaping the benefits,” Mr. Rajan said at a …

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." …

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 …

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 …

‘Breaking the Mould’ book review: An unrealistic vision of the future
11 months, 1 week ago

‘Breaking the Mould’ book review: An unrealistic vision of the future

Live Mint  

Decades ago, the great trade economist Jagdish Bhagwati observed that India’s “misfortune” was to have almost too many “brilliant economists, an affliction that Far Eastern super-performers were spared”. In his latest book, Breaking The Mould: Reimagining India’s Economic Future, co-authored with Penn State professor Rohit Lamba, Rajan begins well by explaining why the Narendra Modi government’s subsidies to boost the …

‘Let’s first make India one family,’ says Raghuram Rajan, author of Breaking the Mould
1 year ago

‘Let’s first make India one family,’ says Raghuram Rajan, author of Breaking the Mould

The Hindu  

Former Reserve Bank of India Governor Raghuram Rajan who has returned to teaching after his stint in India, talks about his new book, Breaking the Mould: Reimagining India’s Economic Future, authored with fellow academic Rohit Lamba, that makes a case for a fresh approach to crafting India’s economic future. We think it’s better to get a bird in the hand, …

'India will remain lower middle economy by 2047 if...': Raghuram Rajan on country's growth
1 year ago

'India will remain lower middle economy by 2047 if...': Raghuram Rajan on country's growth

India TV News  

Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population. Today, the per capita income in India, as you know, is just a little below $2,500 …

India emerges as second-largest global hub for mobile phone manufacturing
1 year, 2 months ago

India emerges as second-largest global hub for mobile phone manufacturing

India TV News  

India has risen to become the world's second-largest manufacturing hub for mobile phones, largely attributed to significant investments from original equipment manufacturers, original design manufacturers, and companies specializing in mobile components and parts, according to a recent report. This development is a significant boost to India's "Make in India" initiative, with recent data from government and industry sources revealing mobile …

Explained | The debate over India’s smartphone manufacturing dreams
1 year, 4 months ago

Explained | The debate over India’s smartphone manufacturing dreams

The Hindu  

The story so far: Over the last few months, former RBI governor Raghuram Rajan and the Minister of State for Electronics Rajeev Chandrasekhar have sparred over how well a Central government scheme to boost electronics manufacturing has been faring. It started when Mr. Rajan, along with two other economists, released a brief discussion paper arguing that the programme isn’t really …

Former RBI Governor Raghuram Rajan’s paper lacks understanding of economics, says Minister Rajeev Chandrasekhar
1 year, 6 months ago

Former RBI Governor Raghuram Rajan’s paper lacks understanding of economics, says Minister Rajeev Chandrasekhar

The Hindu  

Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday attacked an eight page post by former Reserve Bank of India Governor and University of Chicago Professor of Finance Raghuram Rajan, questioning the economist’s understanding of electronics supply chains, semiconductors, and of economics itself. Mr. Chandrasekhar, after attacking “repeat offenders like” Dr. Rajan as having “no pride, self-respect, …

'Raghuram Rajan used false figures to...': Union Minister
1 year, 6 months ago

'Raghuram Rajan used false figures to...': Union Minister

India TV News  

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Thursday hit out at former Reserve Bank of India Governor Raghuram Rajan for raising concerns over the government's performance-linked incentive scheme, saying that he used false figures, questionable analysis, and advice of unidentified "industry experts" for his research paper. The imports linked to mobile phone manufacturing are merely $22 …

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 …

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, …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 10 months ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

The global economy needs a new powerhouse. India is stepping up
1 year, 11 months ago

The global economy needs a new powerhouse. India is stepping up

Live Mint  

India’s economic transformation is kicking into high gear.Global manufacturers are looking beyond China, with Prime Minister Narendra Modi stepping up to seize the moment. “India is on the cusp of huge change,” said Nandan Nilekani, a founder of Infosys Ltd., one of the nation’s largest technology services companies. “A lot of companies feel that given its size, given its young …

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 …

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 …

India is a glimmer of hope in a slowing world
1 year, 11 months ago

India is a glimmer of hope in a slowing world

Live Mint  

As we welcome 2023, there is much to be optimistic about and as much to reflect on. From bringing global manufacturing and supply chains to India to striking astute bilateral trade deals to building the much-needed infrastructure at a steady pace, the Prime Minister has dramatically altered not only the ease of doing business but also rendered the country a …

’Next year to be more..: Raghuram Rajan speaks to Rahul Gandhi on Indian economy
2 years ago

’Next year to be more..: Raghuram Rajan speaks to Rahul Gandhi on Indian economy

Live Mint  

Former RBI governor Raghuram Rajan who joined Rahul Gandhi's Bharat Jodo Yatra on Wednesday has said that the next year will be difficult for the Indian economy as also for the rest of the world. Indian interest rates have also gone up but Indian exports have been slowing quiet a bit.” He further added, “India's inflation problem is more a …

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 …

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 …

Tesla & India: Why has Elon Musk’s car not hit Indian roads yet?
2 years, 6 months ago

Tesla & India: Why has Elon Musk’s car not hit Indian roads yet?

The Hindu  

The story so far: Dashing hopes of Tesla enthusiasts in India, Elon Musk — CEO of the automotive giant — stated on May 28 that his company will not manufacture its electric cars in India unless it is allowed to first sell and service them locally. Mr. Musk has repeatedly highlighted India’s high import duties on vehicles as the biggest …

Modi govt woos Intel, TSMC to set up semiconductor plants in India
2 years, 7 months ago

Modi govt woos Intel, TSMC to set up semiconductor plants in India

Live Mint  

India is in talks with global chipmakers Intel Corp., GlobalFoundries Inc. and Taiwan Semiconductor Manufacturing Co. about setting up local operations, part of efforts to center more high-tech manufacturing in the country. India Gets $20.5 Billion in Investment Proposals for Chip Production In India, a venture between billionaire Anil Agarwal’s Vedanta Group and Foxconn Technology Group has shown interest in …

BJP has cost India jobs, made country weaker: Rahul in Lok Sabha
2 years, 10 months ago

BJP has cost India jobs, made country weaker: Rahul in Lok Sabha

Deccan Chronicle  

New Delhi: Congress leader Rahul Gandhi on Wednesday launched a scathing attack on the BJP-led government, saying that it has not just weakened India internationally by isolating it, but also internally by using the judiciary, Election Commission and Pegasus to "destroy the voice of the Union of states". In a fiery speech in Lok Sabha, Mr Gandhi also targeted Prime …

Apple Inc's India growth story defies the myth that 'Apple can't leave China'
2 years, 11 months ago

Apple Inc's India growth story defies the myth that 'Apple can't leave China'

Op India  

‘Apple can’t leave China’ is a myth that still lures many people, including the American-Chinese scholar Doug Guthrie, who believes Apple and China’s destiny is inextricably linked. Apple products are being assembled in India and under the ‘Make in India’ initiative, the American tech giant has been steadily developing its manufacturing capacities outside its traditional base of China. As Doug …

On Semiconductors, India Needs to Reboot Trade Policies, Ecosystem to Build a TSMC
3 years, 2 months ago

On Semiconductors, India Needs to Reboot Trade Policies, Ecosystem to Build a TSMC

News 18  

Talks have accelerated between India and Taiwan to build a state-of-the-art semiconductor manufacturing unit in the country. India’s effort to build an indigenous semiconductor manufacturing facility is not new with multiple attempts facilitated by the state from the early 1980s itself. Delay in the acquisition of land and the failure to streamline this process can still hamper India’s ambition to …

Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad
4 years ago

Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad

The Hindu  

India is now aiming to surpass China in mobile manufacturing with the production-linked incentive scheme attracting global majors, Telecom and IT Minister Ravi Shankar Prasad said on December 14. The National Policy on Electronics 2019 envisages electronic manufacturing turnover of more than ₹26 lakh crore by 2025, out of which ₹13 lakh crore is expected to come from the mobile …

2020 could be for manufacturing what 1991 was for our economy
4 years, 1 month ago

2020 could be for manufacturing what 1991 was for our economy

Live Mint  

India, once a predominantly agrarian economy, has come to be acknowledged globally as a software/ information technology giant. While there have been state interventions aimed at industrialization, ranging from the “temples of modern India” to special economic zones, an Indian manufacturing revolution never really took off in earnest. His government launched an ambitious “Make in India” programme in September 2014 …

What it will take for India to be truly ‘atmanirbhar’
4 years, 3 months ago

What it will take for India to be truly ‘atmanirbhar’

Live Mint  

A lot has been said about ‘Atmanirbhar Bharat’, India’s journey of economic self-reliance. An extraordinary network of roads built in the past couple of decades can be leveraged to rebuild the part of India that can be referred to as the ‘middle India’. Today’s economy, supply chain, manufacturing and the fates of nations are all intertwined, and there’s no way …

We should reinforce our red carpet with reforms
4 years, 3 months ago

We should reinforce our red carpet with reforms

Live Mint  

Even as we go eyeball-to-eyeball with China in Ladakh, the official word in Washington is of regret over US indulgence of capitalism with Chinese characteristics. Addressing the US-India Strategic Partnership Forum last week, he called upon American corporations to diversify their global supply chains and pitched India as an alternative to China. “The pandemic has also shown the world that …

Why India could gain as firms move supply chains away from China
4 years, 4 months ago

Why India could gain as firms move supply chains away from China

Al Jazeera  

The Indian government has given incentives to electronics giants like Samsung to set up manufacturing plants. India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest in investing in the South Asian nation. Prime Minister Narendra Modi’s government in March announced …

In likely loss for China, 24 companies plan to set up mobile phone factories in India
4 years, 4 months ago

In likely loss for China, 24 companies plan to set up mobile phone factories in India

Live Mint  

India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest to invest in the South Asian nation. Prime Minister Narendra Modi’s government in March announced incentives that make niche firms -- electronics manufacturers -- eligible for a payment of 4%-6% of …

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