The World Bank has urged developing nations to ease foreign direct investment (FDI) restrictions and strengthen global cooperation, as FDI inflows fell to their lowest level since 2005 amid rising barriers and economic uncertainty. While India remained among the top recipients with US$ 28.1 billion in 2023, the report highlights...
The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, introduces pivotal changes in corporate taxation and customs duties, aiming to enhance India’s economic landscape. A key highlight is the reduction of the corporate tax rate for foreign companies from 40% to 35%, designed to boost FDIs and integrate India...
Foreign Direct Investment inflows into India from traditional sources, such as the United States, Mauritius, the Netherlands, and the Cayman Islands, fell significantly in FY23. However, FDI inflows from Singapore and the UAE showcased increments. Despite the short-term decline, India’s potential as an investment destination remains strong, and the country...
India’s focus on manufacturing and domestic value addition is gaining momentum, with the recognition of being the Sixth Manufacturing Superpower. Despite a decline in the percentage of manufacturing in GDP, there has been a revival, including a sudden growth in 2021. The sector has shown impressive growth and has attracted...
Prof Manoj Pant and Samridhi Bimal argue that post-COVID economic recovery will be largely determined by a viable manufacturing sector which is in desperate need of technological advancements. If India is looking at becoming the next major supply chain hub and realising the Make in India vision, greater liberalization of...
Prof. Kushankur Dey, IIM – Lucknow, states that there are several issues faced the horticulture industry as far as value addition or processing is concerned. These relate to a disintegrated supply chain and dearth of pre-cooling facilities, paucity of initiatives that can reduce wastage levels and lack of technology intervention...
The government launched the Defence Acquisition Procedure (DAP) 2020 to replace the Defence Procurement Procedure (DPP 2016) on September 29. The policy expressly aims for further ‘Self Reliance’ in defence and ensuring ‘Ease of Doing Business’, with emphasis on simplification, delegation, reduced timelines and making the process as industry friendly...
The Indo-Japan relationship has blossomed across spheres, but the same has not translated into gains for India in terms of FDI as well as access to the Japanese market. Both sides need to work on aggressive trade promotion, while Japan needs to bring down its regulatory and import barriers for...
Mukesh Jagwani, CEO & Managing Director, WinMagic Toys Pvt Ltd, opines that to build India’s credibility as a quality manufacturing hub for toys would attract foreign investment into the sector & boost domestic production capability. This would encompass a gamut of reforms such as setting up of more SEZs, holistic...
Amit Cowshish, Consultant, Manohar-Parrikar Institute for Defence Studies and Analysis, feels that the draft Defence Production & Export Promotion Policy (DPEPP) 2020 has all the necessary ingredients in place. But implementable roadmaps must be prepared for meeting each one of the stated objectives of the policy and an overarching institution...
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