Currently, India imports USD 12-13 billion worth of non-mobile electronics. Almost USD 5-6 billion of PCB (printed circuit board) are being imported from elsewhere for assembling here.
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India must swiftly leverage the 90-day tariff pause by boosting its exports, securing favourable trade terms, and solidifying its position as a reliable alternative to China in global supply chains, according to experts and industry stakeholders.
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Global economic forecasts are being revised downwards due to trade tensions initiated by US tariffs, with the IMF expected to lower growth projections. Central banks are adopting a cautious approach, awaiting greater clarity amidst the uncertainty.
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India must generate 8 million jobs annually for the next decade and boost manufacturing’s GDP share to achieve developed nation status by 2047, according to Chief Economic Advisor V Anantha Nageswaran. Speaking at Columbia University, Nageswaran highlighted challenges like AI’s…
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Companies are investing in seasoned legal professionals with deep market experience to help them navigate the increasing complexities of the business and policy landscape amid changing technologies, escalating tariff conflicts, geopolitical tensions, and India’s ongoing discussions with the EU, the…
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They added that the government is open to tweaking the rules on Chinese equity if US or European firms want to relocate units from China to India.
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