Tag: Electronics

India's exports fell 10.3% YoY due to domestic manufacturing's inability to compete globally. Imports also slipped, with a trade deficit at a 5-month high.

The BJP has responded to Jack Dorsey's claims that the Indian government threatened Twitter, stating that the platform tried to dominate the political scenario. The government had a right to suspend accounts promoting unrest, not a violation of free speech. A minister has called Dorsey's allegations an outright lie, claiming Twitter violated Indian law repeatedly between 2020-2022. The ongoing debate between free speech and accountability is likely to continue as governments scrutinize tech platforms like Twitter.

The Department for Promotion of Industry & Internal Trade (DPIIT) may alter India's Production-Linked Incentive (PLI) scheme if it doesn't lift. The scheme aims to boost investment and local manufacturing in 14 sectors and was expanded this year. An analysis shows low adoption in some sectors, including high-efficiency solar PV modules, ACC batteries, textile products and speciality steel. Meanwhile, electronics and mobile manufacturing are booming and have helped generate 3.25 lakh jobs and INR2.6tn in exports. The government hopes the scheme will attract further investment, including from Apple.

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