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India, too, is copying the Chinese economic model. The government says free trade has reached its limits, and so has been raising tariffs for five years. It has offered subsidies as high as 50% for some sectors like chip fabrication. Its PLI is a variation of Chinese industrial policy with the same aim - using initial subsidies to kickstart important sectors with the hope of achieving scale economies that within five years make further subsidies unnecessary.
Unlocking Urban Secrets: What City Skylines Reveal About Sustainable Development: Dive into the world of skyscrapers and learn how city skylines, from New York to Dubai, provide insights into urban sustainability, development strategies, and societal choices. Explore the intriguing Skyline Index and discover the untold stories of city structures.