Given this context, India’s decision to withdraw from RCEP, designed to be the world’s largest trading bloc, was a landmark decision, notwithstanding official comments that we will rejoin if our concerns are addressed.
The reasons could be a combination of higher tax rate on ‘luxury’ goods, subdued ‘animal spirits’ from stagnation/volatility/erosion in value of real estate and stock markets—the main wealth vehicles—and negative
ASEAN countries have been the biggest beneficiary of this structural shift in global supply chains—between 2017 and 2018, the total FDI into ASEAN has more than doubled to $180 billion, and so did the number of Chinese comp
In the last 150 years, the world has seen three industrial revolutions starting with the steam engine in the 19th century, mass manufacturing in the mid-20th one and the internet in late 20th century. Each of these technologi
Within three years of the challenge, Maruti conceptualised, designed, developed, validated and launched the Vitara Brezza, which has become the market leader—once again, at a fraction of the cost a car company in the develo
Growth of servitisation faces hurdles around the lack of skills—both for its own needs in India and to exploit the huge opportunity for providing such services to global firms—ill-defined privacy laws, etc.