The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
Mercedes-Benz will assemble the the new GLC SUV in its Pune plant and export it to the US. As Trump administration puts tariffs on China manufactured goods, the cars assembled in India could get a flip.
What is interesting is that its not just Mercedes-Benz but also Ford and GM who are building and assembling cars in India for the world market.
Mercedes-Benz India will join Ford Motor India who already makes and exports the EcoSport Compact SUV from its Chennai plant for the American market. Ford Motor India’s exports have been increasing constantly and the company was the top car exporter from India during the period April 2017 – March 2018 by exporting 181,148 units from India. The company began to export the Ford EcoSport SUV to the US in January 2018.
India’s top car exports market is Mexico, a market which grew by 7.7 per cent to $1.69 billion in FY2018. US has now become the 3rd largest.
Despite Brexit, the car export to Britain was up by 8% which was 34,000 cars in 2017.
Brand-wise, the car exports from India in Q1 of 2017 was as follows:
The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
This visit of India left me with many questions. Many observations and inputs from different people and sections. Food for thought that I have tried to contemplate on and make sense of. Sharing all that with you.
When you analyze the last 60 years of the economic miracles of Singapore, South Korea and Malaysia versus the continued impoverished Indian economy, you get very interesting lessons. Can Indians have the wherewithal in them to do in one generation so that the coming generations may rise?
Every Sunday AM (US Time)/ PM (India time), we send out a weekly detailed newsletter. We also share other insightful notes during the week. Its free. Do sign up and share with friends!