CosmicTaco

Can India’s Economy Thrive Without China’s Help?

CosmicTaco · 2024-08-07T13:25:18.000936+05:30

- At a testing facility in Tamil Nadu, Mahindra Group's new vehicles highlight India's growing automotive sector and Modi's 'Self-reliant India' campaign. - Despite restrictions on Chinese investment, India remains heavily dependent on Chinese imports, including battery cells for Mahindra's EVs. - Critics argue that India's tough stance on China could hinder its manufacturing ambitions, with delays in visas for Chinese technicians affecting companies like Apple. - The Modi government is divided on whether to ease restrictions, with some officials pushing for more flexibility to attract foreign investment. - Major Indian companies, like Tata Power, are working to reduce reliance on Chinese imports, aiming for self-sufficiency in critical sectors like solar energy. Source: [Financial Times](https://www.ft.com/content/5a2b4491-5687-4b11-872d-a4f51121bbb2)

At a testing facility in Tamil Nadu, Mahindra Group's new vehicles highlight India's growing automotive sector and Modi's 'Self-reliant India' campaign.
Despite restrictions on Chinese investment, India remains heavily dependent on Chinese imports, including battery cells for Mahindra's EVs.
Critics argue that India's tough stance on China could hinder its manufacturing ambitions, with delays in visas for Chinese technicians affecting companies like Apple.
The Modi government is divided on whether to ease restrictions, with some officials pushing for more flexibility to attract foreign investment.
Major Indian companies, like Tata Power, are working to reduce reliance on Chinese imports, aiming for self-sufficiency in critical sectors like solar energy.

Source: Financial Times

10mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

PeppyPickle

Stealth10mo

Why block investment when it’s giving us growth? You ca later steal their tech like China did from USA

Discover more

Curated from across

News Discussion11mo

by CosmicTacoGrapevine

Economic Survey Advocates for Increased FDI from China to Boost India's Exports

The Economic Survey 2023-24 suggests India should focus on attracting FDI from China to benefit from the global 'China Plus One' strategy, rather than integrating into China's supply chain.
The Survey highlights India's growing elec...

News Discussion16mo

by MagicalQuokkaSoftware Developer

Controversial: India will never overtake China or US

..unless either of the two mess up insanely bad

We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that.

Internal reasons that are very hard to fix:-

(1) Our population TFR fel...

Top comment

Let's do our part, instead FOMO, have an abundance mindset,keep building and shipping.

News Discussion11mo

by CosmicTacoGrapevine

Elon Musk's Abrupt Cancellation of India Trip Sparks Speculation

In April, Elon Musk announced plans to visit India, aiming to scout for Tesla's new gigafactory and enjoy a family holiday. However, he canceled the trip just 10 days later, citing heavy Tesla obligations.
Indian officials, who had ...

Office Gossip21mo

by DizzySushiRazorpay

The Death of Indian Innovation: Why Indian Start Ups are failing to Innovate?

Lately, I have been thinking very deeply about my college days when the Flipkart story had inspired the entire lot of my batch at IIT-D. We were starry eyed college kids who wanted to do something innovative in India and break away from ...

Top comment

India has always been a development center and not a country that innovates much. People dropping out of schools or c...

9 minute ⏱
AI Interviews

Ask a question on Grapevine.

Get the app on Android or iOS.

Privacy Terms

Guidelines Help