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TK Arun
TK Arun is a Senior Journalist and Columnist based in Delhi.
Strategies for India to maintain satisfactory economic expansion amidst a global slowdown
The World Bank has forecast slower world growth, for the current year and the next, at 2.9% and 3%, respectively. Emerging markets and developing economies, which normally gallop ahead of the rest of the world, are expected to grow at just 3.4% this year, with Covid- and zero-Covid-afflicted China growing at a rate slower than the US for the first time in 40 years or so. Does this cripple India's chance of growing at least 7%? It does not, and not because the World Bank pegs India's growth rate at 7.5%, higher than the Reserve Bank of India's own estimate of 7.2%.
Route for India to sustain growth in a slowing world
Infrastructure hopes to ride on the government's commitment made in the budget to spend big on infrastructure. The government must live up to this commitment. Action by GoI on two other fronts is crucial as well, to sustain the gathering growth momentum. One is energy, the other is social peace.
AI – America India: PM Modi’s Successful US Visit and America’s Need for India Now
As America’s unipolar dominance draws to an end, it is vital for multicultural, democratic India to emerge as a focus of global power.
While Modi’s US visit was successful, America now needs India.
As America’s unipolar dominance draws to an end, it is vital for multicultural, democratic India to emerge as a focus of global power
India Needs to Focus on Chip Industry
For strategic autonomy, the country must acquire indigenous capacity in chip manufacturing.
INTEL has scaled up its 2022 plan to invest $17 billion in advanced chipmaking in Germany to a whopping $30 billion. It is also investing billions in Poland, Ireland, and France. Presumably, it will benefit from the 43-billion euros subsidy the EU has allocated, to sustain microprocessor investment in Europe, in the face of the US government’s move to offer subsidy worth $52 billion and more for advanced chipmaking facilities in the US.