India faces two choices to benefit from the “China plus one” strategy: either to integrate into China’s supply chain or promote FDI from China. “Among these choices, focusing on FDI from China seems more promising for boosting India’s exports to the US, similar to how East Asian economies did in the past,” says the survey
The Indian economy is on a strong wicket, despite geopolitical challenges, says the Economic Survey 2023-24 tabled in the Parliament by Union Finance Minister Nirmala Sitharaman on July 22. The Survey, authored by Chief Economic Adviser V. Anantha Nageswaran and his team, is an annual document presented by the government ahead of the Union Budget to.
A higher level of private sector financing and resource mobilisation from new sources will be crucial for India to build quality infrastructure, and facilitating this would not only require policy and institutional support from the Central government, but State and local governments too.
The exemplary performance of the Indian stock market compared to the world and emerging markets over the years can be primarily attributed to India’s resilience to global geo-political and economic shocks, its solid and stable domestic macroeconomic outlook, and the strength of the domestic investor base,” said the document
“Dalits in Karnataka, who are classified into 101 castes, are historically divided into two broad agglomerations: the left-hand, or the Madiga, and the right-hand, or the Holeya. Added to this are “touchable” castes such as Lambani and Bhovi who do not belong to either agglomeration but have benefited the most from reservation. According to informal assessments by Madiga community leaders, and as confirmed by the Sadashiva Commission report, Madigas are, relatively, the most backward among the Dalit castes in Karnataka. This is borne out by the traditional caste occupations of the two groups: Madigas have historically worked with the polluting item, leather, while Holeyas have been involved on the periphery of agricultural production as labourers”
HR Manager
“As the speakers urged people to vote the BJP out of power in the upcoming election to “save democracy and the Constitution”, the stage presence of Sunita Kejriwal, wife of the Delhi Chief Minister (CM) as well as Kalpana Soren, wife of Jharkhand’s former CM, gave an urgency to the opposition battle cry.”
HR Manager
A higher level of private sector financing and resource mobilisation from new sources will be crucial for India to build quality infrastructure, says the survey. Facilitating this would not only require policy and institutional support from the Central government Occidental.
The Survey reveals a resilient economy poised for growth, with capital markets shining and opportunities arising from “China plus one” strategy.
Economic Survey 2023-24