India must look beyond its Atmanirbhar Bharat policy
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Diva Jain
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The government’s focus on Atmanirbhar Bharat, accompanied by its introduction of production-linked incentives (PLIs) for manufacturing, has attracted criticism as well as praise. Critics have characterized it as an inward-looking import substitution policy that is likely to produce negative outcomes, while supporters have touted it as a game-changer which will finally allow Indian manufacturing to acquire its rightful place. A brief dive into the history of developing nations that have emerged from poverty would suggest that it is likely to be neither. In all probability, it will end up as just another middling policy of the sort that has defined India’s economic decision-making process for decades.
India set to play a vital role in global digital economy
The Indian technology industry’s talent machine coupled with fully distributed global delivery models is likely to play an important role in the transformation journey of the global digital economy in the years to come PN Sudarshan
(Representative image)
India in 2020 has been one of the biggest and fastest-growing technology markets in the world. Digital and technology adoption in India has been increasing at a steady rate over the last few years, and the current COVID-19 pandemic has accelerated the rate of technology adoption across sectors, including in high involvement services such as education and healthcare.
What Could Be India’s Development Prospects In 2021?
The focus should be on three pillars namely self-sufficiency, food security and social security for India to progress holistically. outlookindia.com 2021-01-06T07:54:46+05:30
The world experienced a major crisis in 2020 due to the Covid-19 pandemic. India was faced with numerous challenges of its citizens’ health and economic security that demanded immediate attention. Subsequently, the efficiency of a country’s socio-economic infrastructure and its ability to cater to the needs of people in crisis came under scrutiny. The government tried to come to grip with the fissures through various initiatives and investment drives. I herewith discuss three pillars, namely self-sufficiency, food security and social security that need to be attained for India to progress holistically.
Brokers Call: Amber Enterprises (Buy)
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Updated on
CMP: ₹2,342.10
Amber is set to emerge as the primary beneficiary of the government’s steps on air-conditioner imports. The industry estimates approximately 2.7 million units are imported, of which about 70 per cent are filled with refrigerants. After the notification, Amber added four OEM clients and is adding a few more.
The full benefits of an expanding client list will be visible in FY22. With its two new factories expected to be commissioned by FY22, Amber can benefit from further policy support in the form of production-linked incentives (PLI) for components.
The room AC industry in 2020 was characterised by chaos and uncertainty with regard to availability of critical components sourced from China and higher international logistics cost due to Covid-19. The situation is now turning normal and we expect re-stocking to be strong in Q4, for next year’s summer.
The indian automobile sector is deeply embedded in the economy, generating revenue and employing millions across not only directly linked industries such as rubber, steel and paint, but also allied sectors like media and electronics manufacturing. The current domestic auto industry is capable of end-to-end product design, prototyping, mass manufacturing and both domestic and international retail. The origins of the Indian auto industry go back to pre-independence India when Hindustan Motors and Premier Automobiles became the first companies to start vehicle assembly in India.
Later, with the economic reforms of the early 1990s, Japanese car manufacturer Suzuki was able to enter the Indian market. This was followed rapidly by many other global car manufacturers ensuring that even today India remains crucial in their value chains. These companies benefitted from a government of India phased manufacturing programme that promoted joint ventures between Indian and global investors and g