An industry expert weighs up this question against data that reflects that nearly 40 to 50 per cent of the $40-billion turnover of the auto component industry comes from the internal combustion (IC) engine powertrain industry. A rapidly changing powertrain technology landscape, stricter regulations, shifting customer preferences, increasing demand for connectivity and digitisation have become important factors for shaping the future of mobility. The Niti Aayog recently unveiled the vision document for the Indian automotive industry ‘India Leaps Ahead – [...]
It’s not a target but it remains an aspiration. Given the trajectory of the Indian economy, there’s every reason to be optimistic that this ambitious goal is within reach. It is not an official target and no one in the government will speak about it on record. But in private, off-the-record conversations, they will admit that receiving $100 billion in annual foreign direct investment (FDI) inflows is an aspiration the Indian government is not giving up on. That figure isn’t [...]
One of the policy chiefs at the US India Business Council (USIBC) presents a kind of first-hand account of India’s journey towards easing up its business environment. In 2016, India moved up several places in the World Bank’s ‘Doing Business’ Rankings. Why the quick leap? In part, because of the government of India’s singular, constant, and relentless focus on making India a welcome destination for Foreign Direct Investment (FDI) and for business. Prime Minister Modi started, early in his administration, [...]
India’s transformation to a lower carbon economy offers a $800 billion opportunity for global investors says Namita Vikas, Group President, Yes Bank.