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"Economist · Business Theory" 2024-01-13
How to put boosters under india ’s eConomy
How to add a helper to the Indian economyJaipur Wealth Management
If the policy is proper, the growth will be amazing
Set on any city in India, such as Bangalore or Heidraba, you will feel the overflowing optimism there.The Indian economy may be at the beginning of a historic prosperity.Recently released data show that in the third quarter of 2023, India's annual economic growth rate soared to 7.6%.In the past few weeks, the four international forecasting agencies have raised the forecast of India's economic growth in 2023, from an average of 5.9%to 6.5%.The National Stock Exchange of India is now comparable to the Hong Kong Stock Exchange and compete for the title of the seventh largest stock exchange in the world.
But when you stop slowly, you will feel that India's performance does not look so amazing.Under Modi, who was elected Prime Minister in 2014, India's GDP growth rate was slightly lower than the previous ten years.The labor participation rate is between 40%and 50%, and women are only 10%to 24%.Government subsidies are distorting the economy.A semiconductor factory in Gujeratebang will directly create 5,000 jobs and indirectly create 15,000.However, government subsidies cover 70%of its $ 2.7 billion.To make a bold assumption, if the construction of the factory has no government support, the cost of each position will be as high as $ 100,000, which is almost 40 times that of India's per capita income.
Former Indian central bank governor Raghuram Rajan and the new book composed by Rohit Lamba, a Pennsylvana State University, discussed the contradiction between India's huge potential and often chaotic reality.EssenceThe two sketch their visions for the development of India and build a new model. They think that it is more conducive to India's advantage than the current model.There are three lessons and lessons in their studies. They are particularly noteworthy.
Breaking the more: Reimagined India's Economic Future
Raghuram Rajan and Rohit Lamba (ROHIT LAMBA)
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印 Derivative Reading | Can India become a pillar of the world economy in the future?
Elephant in the rise
The increase in the economic influence of India has prompted the United States to show good
But only by the young labor population, it may not be enough to maintain rapid economic growth [Deep]
"Economist · Business Theory" 2023-07-04
America is countia in part for its growing economic clum
Indian Prime Minister Modi visited the United States at the end of June.Few visitors can be welcomed in Washington like him like him.US President Biden will host a formal banquet for him at the White House.The leaders of the two hospitals of the Congress were unwilling to be outdone, and invited him to give a speech at the second co -meeting of the two hospitals -before, only Churchill and others won this honor.In terms of the words of the beautiful words at the White House press conference, this visit will be a confirmation of "deep and close partnership between the United States and India."
In fact, the partnerships of India and the United States have never been so deep or close.However, such a relationship is what the leaders of the Republican and Democratic parties of the United States are happy.They regard India as an indispensable helper in the competition with India.After all, India has just become the country with the largest population in the world not long ago.Recently, its foreign policy has become tough and more hostile to India, although it still opposes the world order by the United States.Its number of diaspora is the world's most, and its influence is extraordinary.But India's attractiveness is that people think that it may finally play its own economic potential.It is now the fifth largest economy in the world.Modi promised to achieve sufficient economic growth and make India a pillar of the world economy, and drive together with the United States, India or the European Union.Although his government has a lot of declines in economic management, this is not an irreplaceable goal.Kolkata Investment
‘Modi's deputy believes that due to the young labor population, strong industrial policy, and the opportunities brought by Western companies' vigilance in India, the Indian economy will flourish.Many businessmen also agree with this.Apple just opened the first store in India not long ago. The owner Tim Cook declared to investors in May that "the Indian market is vibrant, this vitality is incredible ... India is at a turning point."After the heaven, Foxconn spent $ 500 million in factories to break the ground in India.In the first quarter of India, GDP increased by 6.1%year -on -year.The proportion of investment in GDP has reached the highest level of more than ten years.... [Want to continue reading paid articles?] Welcome to subscribe to "Economist · Business Theory" to continue reading this article.Udabur Stock
[First article] Beware of the permit kingdom
To achieve economic potential, India must abandon protectionism
High tariffs and licenses are harmful to the development of development
"Economist · Business Theory" 2023-08-29
Beware The Licence Raj
It is not difficult to see what makes many people applauding the Indian economy.Western companies seek diversification of supply chain outside India and are investing in the country.India is so indispensable for the United States. The governments of the two countries even said that they are "one of the most intimate partnerships in the world". Although India purchases cheap Russian oil at the same time, it has also joined the Anti -Western Forum.EssenceIn Asia with increasingly aging population, India, which became the world's first population this year, stood out with young labor.Recently, the country has discovered lithium ore, which is critical to manufacturing batteries.A survey of purchasing managers shows that the Indian economy is growing at the fastest speed in 13 years, while India is slowing on the other side.However, despite all these potential, India still has a huge obstacle: it has doubts about imports.With the other parts of the world departing from free trade, this suspicion will only increase.
India has a long protectionist tradition, but opened the country in the 1990s and the beginning of the century.It cuts the average tariff from more than 80%in 1990 to about 13%in 2008.After that in 2014, Prime Minister Modi came to power and launched a "Indian manufacturing" campaign.Tariffs began to rise.The average tariffs in India today are about 18%, which is much higher than that of Indonesia and Thailand.Recently, India, like other large economies, invests in the semiconductor field in the semiconductor, and the central government's investment in a Micron assembly factory is equivalent to one quarter of its annual budget for higher education.On August 3, it announced the latest trade damage measures: Indian companies must first obtain a license to import personal computers or tablets.
The Indian government is convinced that reducing imports is a necessary measure to maintain security and create manufacturing positions. It especially hopes to reduce imports from India.In view of the border dispute with India, India also has the same doubts about India as the United States.However, it also enviouss India's high -speed economic growth for decades. Many Indian policy makers believe that this is realized through the national leadership...... ... [Welcome to subscribe to "Economist · Business Theory" to continue reading bilingual version of this article]
Can Indian companies get rid of India?
Modi is experimenting with a series of economic weapons
"Economist · Business Theory" 2023-08-29
Can India Inc Extricate itset from China?
The relationship between India and India is not friendly.In 2020, soldiers between the two countries conflicted in disputed border areas. It was a round of confrontation between the two countries since 1967 -and then a conflict in 2021 and 2022.This caused the trade relationship between the two Asian giants to be nervous.Nevertheless, this trade is still indispensable, especially for India.Indian consumers rely on cheap Indian products, and Indian companies rely on cheap Indian investment products, especially in future industries.India sells old economy products -chitoids, cotton, granite, diamonds, gasoline, while India sells storage chips, integrated circuits and pharmaceutical raw materials to India.As a result, trade became increasingly unbalanced.In 2022, 87%were sold from India to India in India (see chart) among India (see chart) among the $ 117 billion of commodity trade between the two countries.
Indian Prime Minister Modi hopes to reduce its dependence on India.One reason is strategic -relying on a fickle opponent in key imported products to bring risks.Another reason is commercial -Modi tries to replicate Indian nationalism and export -oriented growth model, which means to snatch some business from India.In recent months, the Modi government has increased the degree of decoupling in some economic fields with this larger neighboring country.On August 3, India announced the implementation of new license restrictions on imported laptops and personal computers, and such imported equipment mainly came from India.A week later, some reports were reported that India was considering taking similar measures to cameras and printers.
From a bright point of view, as long as Indian law is in line with Indian law, India is open to Indian companies.In practice, the Indian government uses some means to make Indian companies sad or even unable to survive in India.One of the most straightforward is that Indian products are often disabled in the name of national security.For example, after the border conflict in 2020, the Indian government banned 118 Indian applications, including TIKTOK (popular short video applications), WeChat (super application), Shein (fast fashion retailers), and almost all other Indian user data.Serve.Hundreds of applications have been banned since 2022 to the present.....Indore Stock. ... [Welcome to subscribe to "Economist · Business Theory" to continue reading bilingual version of this article]
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