How to avoid the ‘middle-income trap’
Influx of Chinese machines, finished goods and components is mounting and will continue; it is time for open-door policy for investment and manpower for better outcomes.
Influx of Chinese machines, finished goods and components is mounting and will continue; it is time for open-door policy for investment and manpower for better outcomes.
During a pre-budget roundtable with Fortune India, Mahjan said capex, Jan Dhan Aadhar Mobile trinity based social transfers will continue in the economy.
Rarely has a nation taken on the economic might of China with as in-your-face measures as India has in the past few years.
With toys, electronics, and fertilisers, India has shown the path to self-reliance and reducing dependence on China. Here’s how it’s playing out in this arduous journey.
Imports from China were the highest ever in FY2022. But this does not signal the failure of India’s strategy to reduce dependence on China.