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Showing posts with the label Indian Business

Asia’s Growth Gap: India Versus The Rest ( Source- The Diplomat / Author- Anthony Fensom)

Image source- Wikimedia Commons / Credits- Srisez  Source- The Diplomat Author- Anthony Fensom India has emerged as Asia’s leading light as China’s slowdown continues and other developing economies struggle to pick up speed, according to the latest economic indicators. On Wednesday, China released data showing the world’s second-biggest economy expanded at its weakest pace since 2009 in the March quarter, slowing to an annualized gross domestic product (GDP) growth rate of 7 percent on lower investment growth and a weak property sector. While in line with Beijing’s official target and the median estimate of economists surveyed by Bloomberg, industrial production slowed to its lowest level since 2008 and fixed asset investment hit a record low, causing Asian stocks and market interest rates to fall. For the quarter, China’s economy grew by 1.3 percent, down from 1.5 percent growth in the previous quarter, with analysts urging further monetary easing to counter

MAKE IN INDIA- WHAT IS IT AND HOW IT WILL BETTER OUR LIVES?

"Make in India" is the new initiative by the Government of India to indigenously develop the products in India rather than import and rely on foreign vendors. India relies on foreign products and services to drive it's massive economic growth. WHAT IS "MAKE IN INDIA" India after independence had closed it's economy to foreign investors and opted for public undertakings to build it's industrial base. A take from the socialistic era, the early planners wanted the Indian economy be driven by the public sector, but the private sector was allowed to continue, but was severely hampered by the so called "license raj" which saw a lot of bureaucratic impediments and red tapism.  Massive industries were set up in the public sector in areas ranging from steal to locomotives, sugar and aeroplanes. They formed the base for building a strong industrial infrastructure which saw the break from buying everything from tooth brush to nails from a