'China Plus One' narrative sinks as Chinese share of global exports rises
China's share in the global exports market has increased by 1.7% in the last five years
China's share in the global exports market has increased by 1.7% in the last five years
India should give primacy to labour-intensive manufacturing employment to absorb the abundant unskilled labour, says ILO
The next seven fiscals will see the Indian economy cross the $5 trillion mark and close in on $7 trillion at an estimated 6.7% average annual growth, CRISIL says in a report.
Production-linked incentives start making India self-reliant in key sectors.
Raghuram Rajan and Rohit Lamba underline a policy need to focus on ‘high-skilled service’ and ‘service embedded into manufacturing’ as an economic model for India’s growth.
Across the manufacturing landscape, a select few companies are proving to be relentlessly at the front of the pack.
According to S&P Global, a key feature of the latest results was a substantial easing of price pressures.
The latest PMI reading remains above its long-run average of 53.9.
Production and manufacturing remain a top functional area hired by employers with a steady quarter-on-quarter rise from September 2022 to 2023.
Shifting assembly and procurement to India could lead to potential cost savings ranging from 25% to 40%, says Boston Consulting Group.