-Livemint.com World Bank data shows that India’s per capita income, as of 2019, is about a fifth of China’s. What changed in the last three decades? Mint explores Until 1990, India’s per capita income was higher than that of China. However, data from the World Bank shows that India’s per capita income, as of 2019, is about a fifth of China’s. What changed in the last three decades? Mint explores. What was China’s...
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Can India decouple itself from Chinese manufacturing? -Ananth Krishnan
-The Hindu India faces challenges linked to infrastructure and skill sets; and its policies are unpredictable The border clashes with China and the COVID-19 pandemic have reignited questions about India’s dependence on Chinese manufacturing. India’s imports from China in 2019-2020 reached $65 billion, out of $81 billion two-way trade. Is the pandemic, as Union Minister Nitin Gadkari said last month, a “blessing in disguise” for Indian manufacturing? Will companies be able to...
More »Don't boycott China, say MSMEs! Input cost will shoot 40% -Nirbhay Kumar
-Business Today MSMEs don't want the government to impose tariffs that will make buying raw materials from China difficult - all other countries sell lot more expensive * Higher tariff on key raw materials from China will raise input cost by 10-40% for MSMEs * Industry bodies want the government to chart out long-term plan for gradual import substitution * Ad-hoc measures like raising tariff and putting trade barriers could end up hurting local...
More »COVID-19 exposes India’s dependence on China for active pharma ingredients -Kundan Pandey
-Down to Earth India imports around 90 per cent of APIs used to make antibiotics, says an expert The novel coronavirus disease (COVID-19) pandemic has revealed India’s overdependence on China for active pharmaceutical ingredients (APIs) — also known as bulk drugs — defined by the World Health Organization as any substances used in finished pharmaceutical products. India’s pharmaceutical industry is the third-largest in the world in terms of volume. Two-thirds of the total imports...
More »When You Green a Desert, You Invite Locust Swarms -Ninad Avinash Mungi, Neeraj Mahar and Sutirtha Lahiri
-The Wire Science NASA released a satellite image last year showing that India, with China, is “greening the world”. The greening has been thanks to the colonial ideologies that have bequeathed the legacy of greening India, which has been upheld by the subsequent governments. The British drafted the first National Forest Policy for India to convert its forests into timber production stands. Decades later, the Indian government safeguarded these stands with...
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