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Manufacturing Sector in China: Challenges and Outlook
According to the United Nations Statistics Division, China accounted for 28.7 percent of global manufacturing output in 2019⁴. That puts the country more than 10 percentage points ahead of the United States, which used to have the world’s largest manufacturing sector until China overtook it in 2010⁴. However, China’s manufacturing…
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Navigating Economic Challenges in the European Union: Strategies and Resilience for Sustainable Growth
Navigating Economic Challenges in the European Union: Strategies and Resilience for Sustainable Growth IntroductionOver the past week, the European Union (EU) has faced significant economic challenges that demand immediate attention and coordinated efforts. From post-pandemic recovery to geopolitical conflicts, these issues require effective policy responses from both EU authorities and…
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“Challenges and Outlook for Fiscal Policy in India: Addressing Deficits, Public Debt, and Balancing Growth”
Fiscal policy refers to the government’s use of taxation, spending, and borrowing to influence the economy. It affects various aspects of the economy, such as growth, inflation, deficit, debt, and welfare. Some of the main challenges in the fiscal policy of India are: – Reducing the fiscal deficit and public…
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Sustainable Manufacturing in India: Challenges, Opportunities, and Government Support
Introduction Sustainable manufacturing has gained significant importance globally, given the growing concerns about environmental degradation and the need for a more sustainable future. In India, the government and businesses are increasingly recognizing the importance of sustainable manufacturing and taking steps to adopt green practices. This article explores the status of…
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Kerala’s Draft Export Promotion Policy Some Silent Features
The policy is a draft document that aims to boost the exports of Kerala by providing financial and institutional support to exporters, identifying high-growth potential areas, and creating district-wise export plans¹. The policy also proposes incentives such as capital investment subsidy, export infrastructure support, and export turnover-based incentive for eligible…
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PLI Scheme and The Future of Semiconductor Industry in India
The Production Linked Incentive (PLI) scheme of India is a policy initiative that aims to boost domestic manufacturing and exports of electronic products. The scheme offers a financial incentive of 3% to 5% on incremental sales (over base year) of goods manufactured in India for a period of four years¹.…
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India 2047: A Vision for Economic Transformation and Global Leadership
Introduction India’s rise in economic power and global influence has been widely acknowledged, with projections suggesting that by 2047, it will emerge as one of the largest economies in the world. This article explores the potential factors that could shape India’s journey towards this ambitious goal and examines the challenges…
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Inflation in Canada and Its Future Prospects: An Overview”
Inflation is the general increase in the prices of goods and services over time. It affects the purchasing power of money and the cost of living. The main measure of inflation in Canada is the Consumer Price Index (CPI), which tracks the changes in the prices of a basket of…
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Understanding the Impact and Challenges of Bad Debts on India’s Banking System
Bad debts are loans that cannot be recovered from borrowers. They are a serious problem for the Indian banking system, which affects its profitability and credit growth. Bad debts have been accumulating over the years due to various reasons, such as: – Sluggish domestic growth and global financial crisis that…
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