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Have you ever wondered how India transformed from a controlled and regulated economy to a bustling free market? Let’s dive into the fascinating journey of India’s economic transformation and explore the pivotal events that shaped its path towards liberalization.In a nutshell, India’s shift towards a free market economy began with the introduction of the New […]
Manufacturing assumes a large proportion of Suzhou’s GDP – with electronic equipment, automotive, and telecommunications among the dominant industries. Suzhou’s annual industrial output value is now worth more than RMB 3 trillion (US$460 billion), making it the third largest manufacturing city in the country. Secondary industries while strong, have headed towards the national strategy of ‘green, intelligent, and advanced production’ – much like the trends we see across the country. The tertiary sector has also seen rapid growth and diversification of its industries in order to mee...