Indian Economy


View: https://twitter.com/sanahashmi1/status/1902919595784278401?s=19

I don't know what's it about the Chinese or people with Chinese heritage whether in HK or Malaysia or Singapore or in this case Taiwan.

They seem to think we're a bunch of chumps. I personally think this is on account of the fact that the first "South Asians" this lot encounters are the Raqib ul to our west & the Rockybuls to our east .

Our common skin color & features lead the Han to think we're the same . Hence this line of thinking .
 

GOVERNMENT PLANS NEW STRATEGY


Two government officials told Reuters that India is not giving up on its manufacturing ambitions. The government is considering a new approach, which may involve partially reimbursing investment costs to help companies recover expenses faster.

Another official mentioned in the report said that bureaucratic delays and red tape had slowed the success of the PLI scheme. Some food-sector firms failed to receive incentives due to non-compliance with investment thresholds and minimum growth requirements, according to a government analysis seen by Reuters.

Despite the setbacks, India has made notable progress in certain areas as mobile phone production reached $49 billion in FY24, up 63% from 2020-21. Meanwhile, pharmaceutical exports nearly doubled to $27.85 billion in FY24 compared to a decade ago.
 

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