Companies waiting for India to complete reforms
will miss out
https://asia.nikkei.com/Opinion/Companies-waiting-for-India-to-complete-reforms-will-miss-out
Bold multinationals are seizing best opportunities with official support
https://asia.nikkei.com/Opinion/Companies-waiting-for-India-to-complete-reforms-will-miss-out
Bold multinationals are seizing best opportunities with official support
Anjani Trivedi notes:
https://www.washingtonpost.com/business/energy/modi-has-holes-to-fill-before-the-world-rushes-in/2023/03/02/a5c112aa-b92e-11ed-b0df-8ca14de679ad_story.html
To avoid becoming just an assembly line, India needs to spread the love by pushing supply chains further out. Geographical clusters focused on sectors much like China’s, deeper into the hinterland, would be one place to start. Manesar — a now not-so-remote area outside Gurgaon became an industrial hub and residential area because carmaker Maruti Suzuki Ltd. set up a plant there. It boasts excellent sushi and Japanese restaurants, too. Drawing in companies that make vital yet smaller components, not just the big headline goods, would also help.
There’s a practical lesson for the executives rushing to India: Companies need to choose locations where other firms are already present, not states where the incentives look the best, or crowded and saturated urban centers. And, tread with care because there’s opportunity, just not where you’d hope.
https://www.washingtonpost.com/business/energy/modi-has-holes-to-fill-before-the-world-rushes-in/2023/03/02/a5c112aa-b92e-11ed-b0df-8ca14de679ad_story.html
To avoid becoming just an assembly line, India needs to spread the love by pushing supply chains further out. Geographical clusters focused on sectors much like China’s, deeper into the hinterland, would be one place to start. Manesar — a now not-so-remote area outside Gurgaon became an industrial hub and residential area because carmaker Maruti Suzuki Ltd. set up a plant there. It boasts excellent sushi and Japanese restaurants, too. Drawing in companies that make vital yet smaller components, not just the big headline goods, would also help.
There’s a practical lesson for the executives rushing to India: Companies need to choose locations where other firms are already present, not states where the incentives look the best, or crowded and saturated urban centers. And, tread with care because there’s opportunity, just not where you’d hope.
As India Shakes Off Shackles, It Emerges as Global Economic Power
https://www.wsj.com/articles/as-india-shakes-off-its-shackles-it-emerges-as-a-global-economic-power-431811c0
New infrastructure, regulatory reforms and digitization buttress its strength
https://www.wsj.com/articles/as-india-shakes-off-its-shackles-it-emerges-as-a-global-economic-power-431811c0
New infrastructure, regulatory reforms and digitization buttress its strength
India's rise is beyond doubt
https://asia.nikkei.com/Opinion/India-s-rise-is-beyond-doubt
The shift in India's cities is stark. Infrastructure now represents 23% of total spending at the state government level, the highest in a decade.
Central government spending on infrastructure is at an all-time high of 19%. Last week's new national budget doubled down on the capital investment agenda by including a one-third increase in planned spending, bringing the allocation up to 4% of GDP.
The new budget is marked by an improvement in the overall quality of spending. The record capital investment allocation will have a high multiplier effect on growth and bolster private investment.
https://asia.nikkei.com/Opinion/India-s-rise-is-beyond-doubt
The shift in India's cities is stark. Infrastructure now represents 23% of total spending at the state government level, the highest in a decade.
Central government spending on infrastructure is at an all-time high of 19%. Last week's new national budget doubled down on the capital investment agenda by including a one-third increase in planned spending, bringing the allocation up to 4% of GDP.
The new budget is marked by an improvement in the overall quality of spending. The record capital investment allocation will have a high multiplier effect on growth and bolster private investment.
Don’t Bet Against India
https://www.foreignaffairs.com/india/dont-bet-against-india
New Delhi’s Brewing Economic Comeback
https://www.foreignaffairs.com/india/dont-bet-against-india
New Delhi’s Brewing Economic Comeback