To make or not to make. If the Bard would allow this one indiscretion, this is a question that has plagued India Inc for decades. Factors like cost of production, quality and demand have together tilted the scales, often in favour of imports. Now, with the push for Make in India, there is a renewed focus on manufacturing at home, as against assembling or importing. While this has advantages across the value chain, it has large disadvantages too.
In a discussion on this issue at the ET India Inc Boardroom, R.C. Bhargava, Chairman,
Maruti Suzuki India, said the biggest hurdle for manufacturing in India is high costs.
The ET India Inc Boardroom panel discussed the learnings that business leaders can take from the pandemic. All panellists said going digital is the way forward and working solutions will become hybrid.
As the world opens up post pandemic, exit strategies, inflation rule economists minds
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Last Updated: Feb 22, 2021, 03:30 PM IST
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Synopsis
While liquidity spurring growth is the desired outcome, the bigger fear is the exit strategy from this accommodation, and what it will mean to the global and Indian economy.
ET Online
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For the next decade or more, the year 2020 will keep coming up in conversations and discussions alike. Be it in the context of the world testing the limits of its healthcare system, the shift to a new normal when it comes to work, the race for the COVID-19 vaccine, or governments concerted efforts to shore up the global economy that threatened to come to a grinding halt.