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Acquisition of 83 Tejas fighters a game changer for Indian defence sector
At a little more than $40 million apiece, the Tejas Mark 1A is among the most cost effective fighter jets in the world and is considered far superior to its Chinese counterpart. And the involvement of 563 private companies in the project is seeding private sector arms manufacturing in India.
India to spend big on infrastructure to push growth
Many economists and analysts expect the Indian Finance Minister to unveil a massive spending programme to boost the core sector. But finding the money to finance such a large outlay will prove to be a challenge.
PLI scheme can make India laptop, tablet hub
The recently launched production-linked incentive scheme for smartphone makers has already started paying rich dividends. Extending this to laptops, tablets could open up a $100-billion opportunity for India, reduce the trade gap with China and generate employment for millions.
$100-bn smartphone export scheme is a new Make in India template
The Modi government’s production-linked incentive scheme for smartphones has received an overwhelming response from global sector leaders like Apple and Samsung. If it is successful, it can become the benchmark for 12 others sectors in which India has ambitions of emerging as the world’s preferred manufacturing destination.
RBI interventions to play crucial role in India’s economic recovery
Unbridled foreign currency inflows into Indian stock markets can lead to an appreciation of, and volatility in, the Indian currency. Thus, the central bank’s role in ensuring that the rupee trades in a narrow band will be very important in the coming quarters.
India’s central role in Indo-Pacific security architecture, reaffirmed by US
The ‘United States Strategic Framework for the Indo-Pacific’ document talks of building up India’s capabilities and posit it as a counterweight to China. Though authored by the Trump administration, the strong strategic convergence between New and Washington is expected to ensure that the Biden administration doesn’t make too many changes to it.
Cheaper funds fuelling PV sales in India
Aggressive lending and improved services offered by public sector banks is fuelling a revival in the fortunes of the passenger vehicles sector in India. This trend is being helped by the RBI’s stance on improving liquidity and lowering the cost of financing for borrowers.
MSMEs adopting digital marketing are helping India recover faster
The Covid-19 pandemic has forced small and medium companies to adopt digital marketing tools to stay alive. This is facilitating a quicker-than-expected rebound in this sector, which accounts for a significant chunk of GDP, employment and growth.