Tag - manufacturing

Chipping into the Global Chip War


There are more than 50 “choke points” in chip manufacturing By Ankur Bisen US President Joe Biden on 9 August signed the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act and rolled out $52 billion worth of government subsidies and incentives for the semiconductor industry to boost manufacturing within the country. In December 2021, India...

Taking stock of Growth Story of Indian Republic


India is an emerging market and offers multiple opportunities to the diaspora to invest By Rajesh Mehta & Uddeshya Goel   “The sword of revolution is sharpened on the whetting stone of ideas.”   As we celebrate the 73rd year Republic Day, these words by the charismatic Indian revolutionary, Bhagat Singh, strongly beholds the versatile mindset of Indians and...

Moody’s

Moody’s downgrades India’s sovereign rating, outlook as negative


New Delhi: Global credit ratings agency Moody's Investors Services has downgraded India's sovereign ratings as it sees challenges piled up on the country's policymaking institutions to mitigate the risks of a sustained period of relatively low growth. Besides, Moody's said the Covid-19 pandemic amplifies vulnerabilities in India's credit profile such as slower growth relative to...

economy

India’s worst recession is right here: Crisil


New Delhi: India’s fourth recession since Independence, first since liberalization, and perhaps the worst to date is here, according to rating agency Crisil. CRISIL sees the Indian economy shrinking 5 per cent in fiscal 2021 (on-year), because of the Covid-19 pandemic. The first quarter will suffer a staggering 25 per cent contraction. About 10 per cent...