On July 24, 2024, the budget for 2024 was presented, bringing production-linked incentives back into focus. Budget 2024 has been seen as a subdued means of achieving our long-term objective of VIKSIT BHARAT by 2047.
India has approved investment proposals from certain Chinese electronics manufacturing companies, suggesting a shift in its economic stance towards China.
The Hindenburg report pointed out that short selling in Adani stocks was due to cronyism and stock market manipulations. That is what is spoiling the investment climate, not the exposés by Hindenburg reports.
The Employment-Linked Incentive (ELI) Scheme is a major initiative launched by the Government of India to create more job opportunities and improve livelihoods across the country. This scheme was introduced as part of the Union Budget 2024-25, under Prime Minister Narendra Modi’s package of five schemes aimed at providing employment, skilling, and other opportunities for 4.1 crore youth over a five-year period.
While establishing the integrity of the markets regulator is vital, so is guarding the regulator against engineered discrediting
They also serve who stand and accuse. Hindenburg Research’s allegations against the Sebi chief should, regardless of the specific merit or otherwise of charges, lead to some systemic improvement of the regulatory regime.
What might get India caught in the Middle Income Trap is a cultural deficit with many dimensions.