‘Apple can’t leave China’ is a myth that still lures many people, including the American-Chinese scholar Doug Guthrie, who believes Apple and China’s destiny is inextricably linked. In his podcast with Chris Marquis, which was published on 7th January 2022, the scholar made a case against Apple’s recent efforts to reduce its dependence on China and propagated … Read more
Despite sour relations with China over aggressions at the border, India’s trade relations with the county continues on an upwards trend. India has a trade deficit with China for a long time now, which means India imports far from China compared to exports across the Himalayas. According to reports, India-China trade grew to a record $125 … Read more
India’s dedication to democratic processes is demonstrated by its efforts to ensure that every individual gets an opportunity to exercise his/her right to vote. This includes setting up polling booths in some of the most distant and inaccessible areas of the country. From high-altitude Himalayan settlements to deep forests inhabited by indigenous tribes, these polling booths demonstrate … Read more
India’s gross domestic product (GDP) growth is estimated to be 8.3 percent this fiscal year and 8.7 percent in 2022-23, according to the latest Global Economic Prospects report by World Bank. The upgrade in growth prediction reflects increased private sector and infrastructure investment, as well as rewards from advancing reforms. This estimate for 2021-22 is identical to the … Read more
Recently Elon Musk, in a tweet let it be known that Tesla’s India business is “still working through a lot of challenges with the government”. While he did not appear to directly blame the government, the subtext was clear. The government has been smart and has seen through the self-serving game. As Business Today reports, it will not bow to … Read more
In the financial year 2022-23, Apple and Samsung are set to manufacture smartphones worth over $5 billion (almost Rs 37,000 crore) in India. The two behemoths are on track to outperform the government’s PLI Scheme objectives by more than 50%. IANS spoke with Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA). “The leading global … Read more
Ahead of the annual Budget presentation on February 01, The Ministry of Finance and Corporate Affairs tabled the Economic Survey for the current financial year 2021-2022 on Monday. Principal Economic Advisor Sanjeev Sanyal while suggesting a revival in economic activities to pre-pandemic levels stated that the economy grew by 9.2% this year after suffering a … Read more
India and Australia signed an economic cooperation and trade agreement on Saturday to ensure barrier free trade in several commodities between the two countries. The agreement was signed by Commerce and Industry Minister Piyush Goyal and Australian Minister for Trade, Tourism and Investment Dan Tehan in a virtual ceremony, in the presence of PM Narendra Modi and Australian PM … Read more
The Groundbreaking Ceremony for the Third Uttar Pradesh Investors Summit was inaugurated by Prime Minister Narendra Modi in Lucknow on Friday 3rd June 2022. During his speech, PM Modi announced that investment of more than ₹80,000 crores in the state have been finalised in the event. “Today agreements of investment of more than Rs 80,000 crore have been … Read more
The Directorate of Revenue Intelligence (DRI), according to a statement made public on Wednesday, conducted searches at the premises of mobile company Oppo India and found evidence of the firm evading customs taxes to the tune of Rs 4,389 crore. Oppo India is owned by Guangdong Oppo Mobile Telecommunications Corporation Ltd, a Chinese company. During the course of … Read more