 "The Economic Survey 2024 suggested that India should welcome Chinese foreign direct investment (FDI) to boost manufacturing, increase exports, reduce imports from China, and strengthen our role in global value chains (GVC). Suppose India allows such")
In his first address to the nation from the ramparts of the historic Red Fort after securing a third consecutive term, Prime Minister Narendra Modi dedicated significant time to the idea of transforming India into a developed country by 2047. Our editorial on the speech notes that one of the critical elements in India’s development journey will be its ability to use a young and growing workforce. This will require substantially improving the level of education and skills. Read here
In other views
Without lowering production costs and simplifying regulations, foreign investment, including from China, can only result in superficial manufacturing that relies heavily on imports, writes Ajay Srivastava. Read here
Tax consolidation for special purpose vehicles is desirable, argues Vinayak Chatterjee. Read here
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