The government simplified taxation and labour regulations which in turn encouraged infrastructure development. This further made it significantly easier for foreign companies to invest in India.
India not only made substantial progress towards self-reliance in the defence sector but also became a major player in the field of defence exports in 2020.
The world doesn't have enough semiconductor chips and that’s affecting the related industries. These chips drive our world as we depend more and more on gadgets and move online. The shortage is either driving up costs or forcing companies to cut back on production.
The economy-wide shut down coupled with the china-us trade war forced the tech giant to reconsider but where would they turn to?
India wants to emerge as a global manufacturing hub to become self-reliant.
It is time for India's manufacturing sector to pave the way for production orders and sourcing.
China is undergoing an economic slowdown and companies have turned to India as their next best alternative.