Re-engineering the development state
2 years, 4 months ago

Re-engineering the development state

The Hindu  

Since Independence, India’s economic growth has steadily accelerated, albeit from a low level, with moderating inflation rate. Breaking free from the colonial stagnation, domestic output grew annually at around three-and-a-half per cent during the first three decades — pejoratively called the “Hindu growth rate”. With a moderate balance-of-payment deficit and modest share of external debt to total debt, as ratios of GDP, India — at first glance — witnessed “virtuous growth” in deepening democracy. Yet, invoking Kuznets’ hypothesis, optimists may argue that India has a fighting chance to escape the extremes of wealth and deprivation to forge inclusive growth — with rapid growth providing tax revenue for social development.

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History of this topic

Indian economy to grow at 6.5-6.8 pc in FY25 on higher domestic consumption: Deloitte
1 week, 6 days ago

Indian economy to grow at 6.5-6.8 pc in FY25 on higher domestic consumption: Deloitte

Live Mint  

New Delhi, Dec 29 Indian economy is likely to grow at 6.5-6.8 per cent this fiscal and slightly higher between 6.7-7.3 per cent in FY2026, boosted by domestic consumption, Deloitte said on Sunday. Deloitte India Economist Rumki Majumdar said the growth in the first half of the fiscal year 2025 turned out to be slower than estimated as election uncertainties …

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial
3 weeks, 5 days 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 …

Mark Mobius expects smooth FII inflows despite cautious optimism on global, Indian economic trends
4 weeks, 2 days ago

Mark Mobius expects smooth FII inflows despite cautious optimism on global, Indian economic trends

Live Mint  

Foreign fund inflows into Indian financial markets are expected to remain robust, supported by the nation’s adept management of inflation without hindering economic growth, stated Mark Mobius, Chairman of the Mobius Emerging Opportunities Fund, during an investor webinar organized by PL Capital Group – Prabhudas Lilladher. Mobius highlighted that India continues to be a focal point for global investors while …

Lessons for India from Intel’s downturn
1 month ago

Lessons for India from Intel’s downturn

Hindustan Times  

Silicon Valley thrives on disruption. But even in this land of constant change, there’s a sense of melancholy in the air as Intel, the once-unquestioned king of chips, stumbles towards an uncertain future. “Intel’s biggest problem isn’t just competition,” a seasoned industry analyst confided, “it’s their legacy.” The company, with its massive workforce and sprawling infrastructure, is like a super …

China+1 plan: India’s limited gain
1 month 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 …

Tech Titans Flock to India: A Strategic Play for the Future of AI
2 months, 2 weeks ago

Tech Titans Flock to India: A Strategic Play for the Future of AI

Live Mint  

Top tech executives are visiting India to explore opportunities for co-creating intellectual properties in tech, as India is the second-largest developer base in the world after the US. With vast sections of the world’s developer ecosystem either based in India or originating in the region, a concerted effort from the Centre is pushing Indian firms to build foundational technologies. This …

States' Economic Potential: A Focus on Growth and Prosperity
2 months, 2 weeks ago

States' Economic Potential: A Focus on Growth and Prosperity

New Indian Express  

NITI Aayog emphasizes the crucial role of states in achieving Viksit Bharat by 2047. The focus will be on accelerating economic growth at the state level to achieve this goal. The states with the largest economies, such as Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Telangana, and Delhi, will be prioritized in economic policy strategies.

World's Second Largest Mobile Producer, India Emerges As Global Semiconductor Powerhouse
3 months, 3 weeks ago

World's Second Largest Mobile Producer, India Emerges As Global Semiconductor Powerhouse

News 18  

As the global demand for semiconductors continues to surge, India is making significant strides towards establishing itself as a major player in the semiconductor industry. This shift was prominently highlighted at Semicon India 2024, a three-day event held in Greater Noida, which underscores the country’s commitment to becoming a key global semiconductor hub. This commitment helps maintain a robust talent …

Mint Quick Edit | India’s fab dream: There’s hard work to do
3 months, 4 weeks ago

Mint Quick Edit | India’s fab dream: There’s hard work to do

Live Mint  

Prime Minister Narendra Modi said on Wednesday that it is his dream to see an India-made chip in every global device. He also sought to attract global players by highlighting India’s stable business environment and chip investments already secured to fast-track the sector’s growth. While local chip rhetoric has been high ever since “computer chips, not potato chips" became a …

Independence Day 2024: 'India Emerging as a Defense Manufacturing Hub,' Says PM Modi | ABP News
4 months, 3 weeks ago

Independence Day 2024: 'India Emerging as a Defense Manufacturing Hub,' Says PM Modi | ABP News

ABP News  

Prime Minister Modi emphasized the significant shift in India's defense sector, noting that in the past, a substantial portion of the defense budget was spent on purchasing weapons and equipment from foreign countries. This heavy reliance on imports meant that India was dependent on other nations for its defense needs, which not only drained the national budget but also limited …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months, 2 weeks ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

India lost the manufacturing race to China. Here's why it could still succeed
7 months, 1 week 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 …

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant
10 months, 1 week 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 …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
10 months, 1 week ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?
1 year, 4 months ago

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?

The Hindu  

Published : Aug 24, 2023 11:00 IST - 6 MINS READ On the completion of 76 years since Indian Independence, a wide range of “informed” opinions from government spokespersons, non-government analysts, and large sections of the domestic and foreign media, enthusiastically or grudgingly declared that, as an economy, India is doing very well. This bounce back from the 5.8 per …

To reach its economic potential, India must abandon protectionism
1 year, 4 months ago

To reach its economic potential, India must abandon protectionism

Hindustan Times  

It is not hard to see what enthuses the many evangelists for India’s economy. India’s government is convinced that reducing imports is necessary for its security and creating manufacturing jobs, and especially hopes to reduce imports from China. In 2022 value added in manufacturing accounted for 13.3% of India’s GDP, down from 15.6% in 2015 and the lowest since 1967; …

Self-reliance is a necessity amid double border threat: Rajnath Singh
1 year, 6 months ago

Self-reliance is a necessity amid double border threat: Rajnath Singh

The Hindu  

Highlighting steps taken by the Union government to create a robust defence ecosystem, which not only caters to domestic security needs but also fulfills the requirements of friendly countries, Defence Minister Rajnath Singh on Saturday in Lucknow said self-reliance is not an option but a necessity, as India is facing a double threat on its borders, along with new dimensions …

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing
1 year, 7 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 …

India is making its mark in the world
1 year, 7 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, …

India will be a developed nation by 2047: Rajnath Singh
1 year, 7 months ago

India will be a developed nation by 2047: Rajnath Singh

Live Mint  

New Delhi: India will become a strong, prosperous, self-reliant, and developed nation by 2047, said Defence Minister Rajnath Singh on Monday. During his address at the 12th convocation ceremony of Defence Institute of Advanced Technology in Pune, Maharashtra, Singh emphasized the need for Indian research institutes to accelerate their activities in advanced technology to make India capable of dealing with …

Can India Emerge a Global Chip Powerhouse?
1 year, 10 months ago

Can India Emerge a Global Chip Powerhouse?

The Diplomat  

The world is in the grip of the geopolitics of technology. Correspondingly, through iCET, India has entered into a public-private collaboration in the chip ecosystem with the U.S. Semiconductor Industry Association, whose goals are to elevate India’s presence in the global chip industry. Liu Zongyi, the secretary general of the Research Center for China-South Asia Cooperation at the Shanghai Institute …

India at a crossroads: Reduce the risks of economic concentration
1 year, 10 months ago

India at a crossroads: Reduce the risks of economic concentration

Live Mint  

India is poised to become the world’s most important country in the medium term. First, India has moved to an economic model where a few ‘national champions’—effectively large private oligopolistic conglomerates—control significant parts of the old economy. ‘Make in India’ was intended to strengthen the economy’s tradable side by fostering the production of goods for export, not just for the …

India must avoid growing into a dystopia
1 year, 11 months ago

India must avoid growing into a dystopia

The Hindu  

The Budget that was presented recently, has received almost universal praise in the English language media. Next, as 2022 drew to a close, the London-based consultancy Centre for Economics and Business Research predicted that by 2035, India’s economy would reach $10 trillion and become the world’s third largest by 2037. A few days ago, a leading Indian financial daily calculated …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 11 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 …

In the new evolving world, India needs a new vision
2 years 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
2 years 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 …

China-plus-one strategy puts India at a vantage position: Rajeev Chandrasekhar
2 years, 1 month ago

China-plus-one strategy puts India at a vantage position: Rajeev Chandrasekhar

The Hindu  

India has a great scope to emerge as a sizable player in electronics and semiconductor products manufacturing as part of China-plus-one diversification strategy, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. “We are well-positioned to become a trusted global partner under China-plus-one strategy and hopeful of becoming part of Global Value Chains for logic semiconductors, chip …

India must dominate the game of chips – through its human resources
2 years, 2 months ago

India must dominate the game of chips – through its human resources

Live Mint  

Washington’s wide-ranging sanctions on China’s semiconductor industry will go far in containing the US’s geopolitical rival. India must have the baseline capability to produce advanced semiconductors on its own soil, not only to serve national security requirements but also equip its talent pool with the skills needed to master the entire semiconductor industry cycle. India’s goal should be to use …

How to sustain 7% growth for India
2 years, 4 months ago

How to sustain 7% growth for India

Live Mint  

One country stands out from the gloomy overall tone of the International Monetary Fund’s recent update of its World Economic Outlook. This is the fastest growth of any large economy except Saudi Arabia, which is the incidental beneficiary of upward pressure on global oil prices from Russian President Vladimir Putin’s war against Ukraine. One might also note that, with India’s …

Sanjeev Ahluwalia | Can India be a developed nation before it gets rich?
2 years, 4 months ago

Sanjeev Ahluwalia | Can India be a developed nation before it gets rich?

Deccan Chronicle  

Prime Minister Narendra Modi advocated India becoming a developed nation by 2047, as the new national aspiration, on Independence Day this year. Over the next 25 years, we should double our per capita growth momentum over the four per cent per year that we achieved in the period between 2012 and 2021. Sadly, even a relatively high growth rate of …

PM Modi’s Vision for Bharat: A Quest for Selfhood and Building Bharatiya Model of Development
2 years, 4 months ago

PM Modi’s Vision for Bharat: A Quest for Selfhood and Building Bharatiya Model of Development

News 18  

Prime Minister Narendra Modi’s Independence Day speech not only truly befitted the momentous occasion but also brought to the fore the fact that he was carrying forward the legacy of our freedom struggle in both word and spirit. What Prime Minister Modi did today was to define this ‘selfhood’ with great clarity and also unfold a roadmap for the next …

75 years of Independence | Self-reliance in India and the 4IR
2 years, 4 months ago

75 years of Independence | Self-reliance in India and the 4IR

The Hindu  

India, and the world, stand at the cusp of what is termed the Fourth Industrial Revolution, in which new generation technologies such as 5G, AI, Internet of Things, quantum computing, bio-pharma, robotics, autonomous vehicles on land, sea or air, “green” energy sources including fuel cells and “green hydrogen,” related batteries or other storage systems, are expected to dominate the global …

A tryst with the past: The Hindu editorial on 75 years of India’s independence
2 years, 4 months ago

A tryst with the past: The Hindu editorial on 75 years of India’s independence

The Hindu  

August 15, 2022 12:30 am | Updated 02:33 pm IST Seventy-five years ago, on this day, India’s first Prime Minister Pandit Jawaharlal Nehru made these remarks in his stirring speech on India attaining freedom at midnight: “The achievement we celebrate today is but a step, an opening of opportunity, to the greater triumphs and achievements that await us. Are we …

At 75, India seeks way forward in big but job-scarce economy
2 years, 5 months ago

At 75, India seeks way forward in big but job-scarce economy

Associated Press  

NEW DELHI — As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and tablets. If I live like this, how will my children live any better?” Entire families leave their homes in India’s vast rural hinterlands to camp at such …

India Inc could play a lead role in our economy’s global emergence
2 years, 5 months ago

India Inc could play a lead role in our economy’s global emergence

Live Mint  

As India celebrates its 75th year of Independence with the Azadi ka Amrit Mahotsav, we stand at the cusp of a new emerging world order. As former PM Manmohan Singh had commented, “The brightest jewel in the British crown was the poorest country in the world in terms of per capita income at the beginning of the 20th century.” Post-independence, …

India in middle of revolution with life-changing government schemes: Jaishankar
2 years, 6 months ago

India in middle of revolution with life-changing government schemes: Jaishankar

Firstpost  

External Affairs Minister S Jaishankar highlighted that the country was going through a socio-economic change in its bid to create a social security net, which would raise the bottomline of the nation Bengaluru: External Affairs Minister S Jaishankar on Saturday said the nation is in the middle of a revolution with life changing dramatically and democratically due to life-transforming government …

Modi govt 8 years: How Make in India, Atmanirbhar Bharat made India self-reliant
2 years, 7 months ago

Modi govt 8 years: How Make in India, Atmanirbhar Bharat made India self-reliant

India TV News  

Highlights Make in India, Atmanirbhar Bharat seek to increase India's self-sufficiency India's startups are leaving an impression on the world PM Modi's push to Atmanirbhar Bharat will make India a major military power Modi govt 8 years: Initiatives such as “Make in India” and “Atmanirbhar Bharat” seek to increase India's self-sufficiency by promoting domestic industry. Image Source : PMINDIA The …

Davos 2022: Gautam Adani says Aatmanirbhar Bharat best way forward for India
2 years, 7 months ago

Davos 2022: Gautam Adani says Aatmanirbhar Bharat best way forward for India

India TV News  

Highlights Gautam Adani in his blog said there is a need to focus on Aatmanirbhar Bharat He said there is need to have a global collaboration rather than just cooperation to meet challenges I'm convinced our PM's Aatmanirbhar Bharat scheme is precisely the catalyst India needs, he said Billionaire Indian industrialist Gautam Adani, who recently attended World Economic Forum annual …

Ambedkar, Nehru, and Atmanirbhar Bharat
2 years, 9 months ago

Ambedkar, Nehru, and Atmanirbhar Bharat

Hindustan Times  

The birth anniversary of BR Ambedkar, due next week, has always been an important day in the calendar of Dalit youth in India. Like the “forgotten hero”, Subhas Chandra Bose, Ambedkar seems to have found new adherents, with politicians of different hues vying for his legacy. The older Ambedkar’s economic vision had much more in common with that of Jawaharlal …

Making India a contributor, not a consumer
2 years, 9 months ago

Making India a contributor, not a consumer

The Hindu  

Prime Minister Narendra Modi’s call in May 2020 for an Atmanirbhar Bharat highlighted the reality that in a post-COVID-19 world, India cannot exist in isolation. The way forward Atmanirbhar Bharat is Mr. Modi’s framework for India’s way forward. The ideational foundation of this concept is not just relevant to today’s India; it also addresses existential challenges in the country and …

Time for India to leverage global anti-China sentiment towards strategic autonomy
3 years ago

Time for India to leverage global anti-China sentiment towards strategic autonomy

Firstpost  

Today, China with its assertive attitude is virtually frightening away investors. South China Morning Post stated: “ Is India the new China for start-up investors? Bloomberg Quint headline read: “ India’s Next Software Boom: A New Tryst With Destiny ”. Factors that will fuel this boom include Covid-induced digital economy and e-commerce models, work from home culture, low trust in …

India’s path to power: Strategy in a world adrift
3 years, 2 months ago

India’s path to power: Strategy in a world adrift

Hindustan Times  

It is often said that countries have no permanent friends or enemies, only permanent interests. The core strategic principles outlined in there remain relevant to India’s continuing engagement with the world: The need to make independent judgments in internation- al affairs while not being unduly influenced by ideas and policies emanating from elsewhere; the need to develop the capacity for …

A strategy for India in a world that is adrift
3 years, 3 months ago

A strategy for India in a world that is adrift

The Hindu  

New situations require fresh thinking. A few of us — Yamini Aiyar, Sunil Khilnani, Prakash Menon, Nitin Pai, Ajit Ranade, Srinath Raghavan, and Shyam Saran — some of whom were authors a decade ago of Non-Alignment 2.0, were prompted by the tectonic shifts in India’s internal and external environment to take another look at India’s path to power in a …

Doubling down on a resilient India
3 years, 9 months ago

Doubling down on a resilient India

The Hindu  

Asia watchers observing China are, above all, missing the real economic shift at play — that this is India’s economic decade. As a result, even as India experienced one of the world’s sharpest economic contractions, it also saw the fastest growth in Foreign Direct Investment inflows among all the major economies last year. India’s $60 billion-plus tally for new annual …

Defining factors that can help India become self-reliant
4 years, 1 month ago

Defining factors that can help India become self-reliant

News 18  

The COVID-19 pandemic is having an unprecedented impact on the economies around the globe. Working towards #SelfReliantIndia Narendra Modi in his speech pointed out five ‘I’s to make India a self-reliant economy. Economic Factors The ‘Make in India’ campaign is playing a significant role in boosting the domestic manufacturing industries and reducing the reliance on imports. The Way Forward for …

India on Its Way to Economic Recovery, Will be Most Preferred Investment Destination, Says PM Modi
4 years, 2 months ago

India on Its Way to Economic Recovery, Will be Most Preferred Investment Destination, Says PM Modi

News 18  

Prime Minister Narendra Modi detailed the wide-ranging reforms brought in by the Centre in the agriculture and labour sectors and hit out at his detractors, saying that they do not wish to give credit to his government. In an interview with The Economic Times, PM Modi expressed confidence about the reforms undertaken in the last few months in the labour …

What it will take for India to be truly ‘atmanirbhar’
4 years, 4 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 …

What will drive India’s next economic transformation, writes Amitabh Kant
4 years, 4 months ago

What will drive India’s next economic transformation, writes Amitabh Kant

Hindustan Times  

With global supply chains being reforged, India must position itself as a vital link in this new order. With global supply chains being reforged in the light of the pandemic, India must position itself as a vital link in this new order At the same time, India imports a large number of commodities that are available in abundance within India …

Mixed messaging: The Hindu Editorial on India as an investment destination
4 years, 4 months ago

Mixed messaging: The Hindu Editorial on India as an investment destination

The Hindu  

Prime Minister Modi last week elaborately pitched India as an investment destination that could serve as a manufacturing hub at the heart of global supply chains. This tack is consistent with recent initiatives to explore supply-chain synergies with other economies, including Japan, as an escalating border feud casts a shadow over India’s economic and trade ties with its northern neighbour. …

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