With the 2023 budget around the corner, former chair of the Niti Aayog, Dr Arvind Panagriya speaks with FED’s Operating Partner, Piyush Doshi, about his expectations from the last full budget before the general elections in 2024. He talks about the need for choosing capital expenditure over fiscal consolidation, diverting capital towards labour-intensive manufacturing industries […]
CategoriesElectronics Focus AreasIndia’s growth in Electronic Manufacturing over the last few years has been remarkable. Since 2015, we have had a 15% annual growth in the Total Electronics and Electricals exports, with growth in Final Goods exports being a whopping 26%. However, in the global scenario, India is still behind by a huge margin. While China’s export […]
CategoriesFocus Areas TourismIn 2019 international visitor spending amounted to over USD 1.8 trillion (6.8% of world exports). But India was able to capture less than 1.5% of this market in terms of international tourist arrivals and tourist spending. While France, Spain, USA and China capture nearly 25% of this market. This clearly shows that despite India’s rich […]
CategoriesFocus Areas TextilesWhen we think of ‘manufacturing’, India doesn’t come to mind as a success story, and with good reason. India’s slice of the global manufacturing pie is a meagre ~2.5% (2019). The ~45% of the Indian workforce employed in agriculture contributes less than a fifth to India’s GVA, signalling a serious problem of low worker productivity. […]
CategoriesFocus Areas Food ProcessingBy unshackling food processing in India and realising its potential, we can create value for farmers, entrepreneurs and labour. India has traversed a long and hard journey from scarcity to surplus. Today, the world calls India a food powerhouse; our food production levels are among the highest in the world, ranking in the top three […]
CategoriesFocus AreasThe right reforms across a few clusters can help India capture $100 billion of incremental exports trade in textile and apparel over the next 5 years, creating more than 10 million jobs When India gained independence in 1947, the country had a flourishing textile industry. Over 400 textile mills employed more than 5 lakh workers. […]
CategoriesFocus AreasConstruction in India has the potential to create 1.5 crore productive jobs, and can by itself contribute 11.5% of the new jobs that need to be created by 2030. Currently, the Construction sector accounts for ~12% of the total workforce in India. India’s Unfulfilled Demand for Construction There is a strong unfulfilled demand for construction […]
CategoriesFocus AreasFor labour-intensive exports manufacturing, India’s large supply of labour is an advantage, not a constraint.
