While there would be enough responses from a cross section of people and institutions in India to help the government formulate necessary policies, it would be worthwhile to consider the recommendations of the latest World Development Report 2024 (WDR) on what the developing countries need to do to become developed economies.
The WDR, prepared by economists at World Bank and released in the beginning of this month, says that developing countries must avoid stagnation at a per capita income of around $8,000 through investment' increased capital deployment; infusion, ie increased deployment of cutting-edge technology; and innovation ie breakthrough inventions with enormous commercial potential.
This can best be done by adopting policies that make it easier to get capital from anywhere in the world, to bring in best knowhow and facilitate their diffusion within the country and to create an ecosystem that fosters and rewards imagination and creativity.
هذه القصة مأخوذة من طبعة August 19, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 19, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
L&T bags over ₹15,000 cr NTPC order for thermal power plants
This is one of the biggest order wins for the company in the domestic market
States' borrowings at 60% of Dec target
Officials say lower borrowings a sign of prudent fiscal management
Nykaa profit up 66% on beauty, fashion biz
FSN E-Commerce Ventures, the parent company of beauty and fashion brand Nykaa, on Tuesday reported a 67 per cent rise in its net profit to ₹13 crore for the second quarter of financial year 2025 (Q2FY25), compared to ₹7.8 crore in the year-ago period.
Zydus profit rises 14% to ₹911 crore
Ahmedabad-based Zydus Lifesciences on Tuesday reported a 13.8 percent year-on-year (Y-o-Y) increase in consolidated net profit for the September quarter (Q2FY25), reaching ₹911.2 crore, up from ₹800.7 crore recorded in the same quarter last year.
It's clear the PV market in India won't grow fast
R C BHARGAVA, chairman of Maruti Suzuki India, projects 3-4 per cent growth for India's passenger car market, citing affordability challenges in an interview with Surajeet Das Gupta in New Delhi. Maruti's first electric vehicle (EV), the Vitara, will be exported first, with an Indian launch in mid-2025. Bhargava underscores the need for higher localisation and design changes to make affordable EVs for India. Despite Chinese competition, Bhargava is confident about Maruti's edge. Edited excerpts:
Britannia to remain focused on driving mkt share
Britannia Industries on Tuesday said that it remained focused on its strategy on driving market share while sustaining profits.
RIL to invest ₹65K cr in 500 CBG plants in Andhra Pradesh
Foundation for this maiden biofuel project in the state will be laid on December 28 at Kanigiri in Prakasam district
'We're now in the era of speed of doing business'
The Andhra Pradesh government on Tuesday signed a memorandum of understanding (MoU) with Reliance Industries under which the conglomerate will invest ₹65,000 crore to set up 500 compressed biogas plants in the state in five years.
Hyundai PAT down 16°Io in lst results after listing
Carmaker's revenue falls on weak market sentiment, geopolitical factors
Pent-up demand for cars now over; growth will be only 3-4%
Last week, Maruti Suzuki launched the e Vitara in Milan, heralding its entry into the electric vehicle space, even as overall domestic market sales were muted after a two-year dream run. R C BHARGAVA, chairman of the company, discusses the reasons for the slowdown and their strategy in the EV market in an interview with Surajeet Das Gupta in New Delhi. Edited excerpts:
