Read more about Govt gives nod to several firms under PLI scheme for medical devices on Business Standard. The government has approved applications from several medical devices manufacturers under the Production Linked Incentive (PLI) scheme for the promotion of domestic manufacturing
The government, which announced higher spending in key sectors to propel economic growth after a COVID-triggered contraction, intends to return to its original fiscal deficit path in three years, Sanjeev Sanyal, Principal Economic Advisor to .
DRDO, ISRO To Help Develop Alternatives Like Metal-Ion To Counter China Dominated Lithium Battery Industry swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Covid can trigger industrial revival
Pushing ahead Spending on infrastructure has huge multiplier effects - AP×
Supply chain disruptions can spur search for alternatives to China. But India shouldn’t join a race to the bottom Every crisis brings its own set of opportunities by disrupting the extant norms and creating new trends. Long before the Covid-19 outbreak, the decoupling between US and China had begun; but with the spread of this pandemic, every major economy is looking to reduce its reliance on Chinese exports.
This has created terrific opportunities for industries in developing countries, such as India, that earlier struggled to compete with the Chinese industry. In sectors such as chemicals, pharmaceuticals, and electronics, opportunities have arisen for Indian industries to enter into high-value product segment and move up the ‘smiling curve’ of global value chains (GVC).