India’s IT ministry, which formally notified its ₹62,500-crore Mobile Phone Manufacturing Scheme (MPMS) on 21 August, has proposed to offer incentives to build a homegrown smartphone brand. Is a major homegrown phone feasible in the country...
On Monday, India’s government released quarterly producer price index (PPI) data for the services sector. This helps fill a gap in inflation measurement. While the wholesale price index is only for goods and many services are included in the...
India even today is a net importer of steel. So we have enough scope to expand our capacity, in fact double our capacity and people are investing money. When they are investing money they want protection, so that tomorrow they do not face dumping.
Commerce minister Piyush Goyal is in Japan to boost trade and investment ties with India. A survey of 300+ Japanese firms ranks India among the most promising overseas markets, even as peers lose appeal. Share of Japanese companies...
SYSTEMATIC INVESTMENT PLANS ARE NOW VICTIMS OF THEIR OWN SUCCESS
As protectionism, geopolitical tensions and supply-chain vulnerabilities reshape the global economy, Prime Minister Narendra Modi re-emphasized the push for a self-reliant India in his Independence Day address. Even as talk of...
Share of foreign value added in gross exports (in %) MOST GLOBAL goods trade occurs between allies or unaligned nations, with trade between rival blocs accounting for a minor share—and limiting true deglobalization. In fact, trade between...
EVEN AS globalization shows little sign of retreating, it is changing lanes, with services gaining ground as goods trade loses momentum. The era of hyper-globalization in goods may have run its course, with merchandise trade surging...
