-The Hindu Karnataka has over 6,00,000 small industries that employ over 70 lakh people Bengaluru: If the Union government fails to come up with precautionary measures to minimise the impact of the economic slowdown on the MSME (Micro Small & Medium Enterprises) sector, at least 30 lakh people will go jobless in Karnataka, cautions industry apex body, KASSIA (Karnataka Small Scale Industries Association). “The recession is no more a fear, but a...
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There is a fundamental problem of demand today. At the core of it is incomes that aren't rising enough -Harish Damodaran
-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...
More »Missing demand: on economic slowdown
-The Hindu Slowdown has widened across sectors; the new government must hit the ground running A welter of data collectively and individually point to one worrying conclusion: economic momentum across sectors is slowing in the widening absence of that key ingredient, demand. Domestic sales of cars, commercial vehicles and two wheelers all contracted in April, from a year earlier, the Society of Indian Automobile Manufacturers (SIAM) has reported. The decline of almost...
More »Steering away from diesel: What is the trend against this heavy polluter fuel in India? -G Ananthakrishnan
-The Hindu Leading passenger vehicle markets such as the European Union are opting for other fuels. The story so far: On April 25, Maruti Suzuki, India’s top carmaker, announced that it would phase out production of diesel models from April 1, 2020, when stricter Bharat Stage VI emission standards come into force. What does this mean for the auto industry? Why did Maruti take this decision? Explaining its rationale, the leading passenger vehicle manufacturer...
More »E-buses to hit Kerala roads next month -S Anil Radhakrishnan
-The Hindu Electric buses to be revamped after Sabarimala season THIRUVANANTHAPURAM: The Kerala State Road Transport Corporation (KSRTC) will launch 10 zero-emission and noiseless air-conditioned battery electric vehicles (BEVs) on the Thiruvananthapuram- Ernakulam-Thiruvananthapuram route from February 1. The environment-friendly Olectra-BYD’s electric bus, manufactured under the ‘Make in India’ initiative and wet-leased by the KSRTC for 10 years, is being deployed on the corridor after its successful chain service operations from November 17 on...
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