Recently amended FDI rules by the Indian government will check any hostile investments from China into nascent Indian companies and sectors. But governments across Europe, the UK, North America and Japan have also become increasingly wary of doing business with China in light of its irresponsible aggressions.
A battle-hardened military, decades-long experience in high altitude warfare together with India’s recent elevation to the Chair of the WHO Executive Board, its election to the UNSC and its close diplomatic ties with like-minded democracies such as the US, Japan, France, Israel, the UK and others will help it counter Beijing’s aggression.
Life is a journey – and more Indians are increasingly hitching a ride to visit places around the world as diverse as Boston and Bali to London and Larnaca. But with Indian travellers among the world’s highest spenders per visit made abroad, and a rich history of cross-cultural pollination wherever Indians visit, nobody is complaining.
Global agencies such as IMF, S&P and Fitch are projecting very high growth rates for India next year. Then, many companies looking for alternatives to China are likely to set up manufacturing facilities in India. And the reforms measures unveiled by the Modi government will sustain high growth rates for many years to come. All these will combine to increase India’s attractiveness as a global investment destination.
The addition of new products available for e-shopping, the rising prosperity levels in Tier II and Tier III towns and the increasing penetration of the internet and smartphones will fuel the next phase of growth of India’s e-commerce sector.
Recent media reports that Chinese mobile phone giant Xiaomi has been sending users’ data to China for analysis has brought the issue of privacy and the security of users’ data into sharp focus.
The proposed plans pledge support to private players, including start-ups, thus unleashing their potential to engage and prosper in the space exploration industry.
India’s space competitiveness has suffered from the absence of a globally reputed private industry. All that is about to change with the advent of public-private space manufacturing and technology partnership, thanks to the recent liberalisation of the sector by the Indian government.
Rising fertiliser sales, forecasts of a good monsoon and the Modi government’s recent measures to free the farm sector from red tape all point to a possible bumper harvest this year. Since rural India accounts for more than 40 per cent of Indian GDP and 58 per cent of its population, rural prosperity will temper the effects of the Covid-induced slowdown in the manufacturing and services sectors.