sharmilakantha retweetledi
sharmilakantha
4.7K posts
sharmilakantha
@IndiaEconomists
practical economist. business history author. international research. communications.
New Delhi, India Katılım Aralık 2012
323 Takip Edilen586 Takipçiler
I wondered what happens when senior officials sit down to “save” Indian exports amid wars, energy shocks and critical chokepoints.
Read the full imagined minutes on my Substack open.substack.com/pub/sharmilaka…
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Commerce ministers of India-China met after years. Now they need to work together on lowering NTB in China for raising India’s exports there.India’s exports to China shouldn’t be hostage to China’s regulatory hurdles, sudden needs. My take @91basispoints
basispointinsight.com/Story/Author/a…
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Will the new BHAVYA scheme for 100 industrial parks transform India's manufacturing environment? My take in @91basispoints
basispointinsight.com/Story/Home/bha…
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New GDP series shows #manufacturing growth rate at 11% avg over 3 years but declining share of the sector in gross value added. What’s happening?
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@MohanCRaja True that. India's trade with SAARC was about $32 bn in 2024, exports $27 bn, imports $5 bn and trade surplus $22 bn. India resents any imports from its SAARC neighbors and must make immense efforts to expand this including through lower trade barriers & hopefully investments
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Can Delhi seize the recent political changes in Bangladesh and Nepal to reset India's regional trade policy?
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sharmilakantha retweetledi
Some days you can’t love social media enough. This is one of those days. It began like this. Someone stole 12 tons of KitKats.
And then the replies started coming in. Scroll down.
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sharmilakantha retweetledi
A System That Adjusts by Moving the Pain Somewhere Else
It seems like we’re not really absorbing shocks anymore, just moving them around.
Oil markets are splitting by route, the rupee is taking more of the hit than it should, and policy seems more focused on smoothing things over than letting adjustments play out.
You see the same pattern elsewhere too. In governance, in regulation, even in how capital is sitting idle.
Check out all of this, and more, on BasisPoint Insight in the week gone by: basispointinsight.com/Story/Home/a-s…
@panaab007, @Dhananj89102936, @apirk16, @SakshiGupta86, @MadhaviArora7, @arrychary, @gaurasengupta, @rajeshmahapatra, @krishnadevanv, @ssmumbai, @csoyantar, @Sangeet08075069, @IndiaEconomists, @MayaramArvind
#SystemicRisk #RiskTransfer #HiddenRisk #MarketSignals #EconomicNarratives #MacroRisk #FinancialSystem #StressShift
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“This is not X. This is Y” is the surest sign that a tweet was written or at least rewritten by ChatGPT. And it’s annoying because it feels like talking to an algorithm. This is not you. This is a machine talking.
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There is little evidence that China is interested in investing in manufacturing in India. My thoughts…
BasisPoint Insight@91basispoints
India’s easing of Press Note 3 may improve the approval pathway for minority Chinese-linked investments, especially where Chinese shareholding is below 10%. On paper, it supports ease of doing business and could reopen conversations around manufacturing capital. But will policy easing be enough? Geopolitics, supply-chain dependence, and limited evidence of technology transfer still raise the larger question: can India attract Chinese-linked manufacturing FDI without importing strategic vulnerability? Read Sharmila Kantha’s column for BasisPoint: PN3 Amendment Unlikely to Attract Significant Chinese FDI in Manufacturing basispointinsight.com/Story/Home/pre… @IndiaEconomists #FDI #ChinaIndia #Manufacturing #Geopolitics #SupplyChains #Investment #Policy #Trade
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Many lessons...
Rush Doshi@RushDoshi
On Wednesday, I testified before the House Small Business Committee on China. Bottom Line: We obsess over China's tech giants. But we miss the small firms behind its manufacturing ecosystem. China built a program to make them world-beaters, and ours now face existential risk. Five points: 1️⃣ China's "Little Giants" (小巨人) program is one of its most consequential industrial policy programs — but few know much about it . A decade ago, Beijing made clear small businesses were critical to winning the fourth industrial revolution and important parts of the Made in China 2025 plan. So it built a system for them. It certified the most promising high-tech firms as "Little Giants," then handed them loans, subsidies, state equity investment, university research partnerships, fast-tracked patents, guaranteed contracts from state-owned enterprises, and streamlined stock listings — all in one coordinated package. Today, more than 17,000 Chinese firms hold that designation. 90% are in high-tech manufacturing. Together they raised $125 billion in private capital in just a few years. One of them is Unitree Robotics, now a global titan. 2️⃣ Our efforts to help small manufacturers through the Small Business Administration (SBA) simply do not compare to China's "Little Giants" program. China funds early-stage research through state institutes — we let our equivalent programs, SBIR and STTR, lapse. China packages loans, equity, and R&D into a single coordinated certification — we run countless uncoordinated initiatives with no common thread. China's little giants raised $125+ billion in private capital with implicit state backing — the first cohort of our SBIC Critical Technologies Initiative might raise $4 billion. China provides low-cost loans at scale — we haven't raised the loan caps or appropriations for our own manufacturer credit program. China deploys technical assistance to thousands of firms through universities and state institutes — we just cut the Manufacturing Extension Partnership and effectively shuttered its key offices. At every level, there is a "gap" between our approach and theirs. 3️⃣ Small businesses matter because they are the path to American reindustrialization. Large firms dominate U.S. manufacturing and have for decades. But small businesses enable them. 70% of Boeing's Dreamliner comes from smaller suppliers. 60% of all aerospace and defense employment is in small and mid-sized firms. The story is similar in automotives. We cannot win the industrial future if we do not empower our small businesses. 4️⃣ China is far ahead in manufacturing, and expanding the lead. By some estimates, China spends roughly $400 billion on industrial policy per year. The entire US CHIPS Act provided $50 billion over multiple years. Since China's WTO accession, our share of global manufacturing has fallen by half — from 30% to 15% — while China's quintupled from 6% to 30%. It now exceeds the next nine countries combined. It's not exactly slowing down. 5⃣ Here's what we should do. Immediately reauthorize SBIR and STTR. Launch an American one-stop-shop certification that bundles loans, equity, R&D support, and regulatory relief into one coordinated package. Scale up the SBIC Critical Technologies Initiative. Raise the quantity and caps for the SBA's Manufacturer's Access to Revolving Credit program. Restore the Manufacturing Extension Partnership. And give the SBA the mandate to deploy all of these together — the way China does. This is just a start, and a comprehensive answer to China's programs will require even more. The SBA has plenty of tools. What it lacks is the architecture to coordinate the use them. China built that architecture. It is working. Thanks to @HouseSmallBiz for the opportunity and grateful to join Andrew Pahutski, Sean Murphy, and Tom Lyons for the hearing.
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Narrative own goal 😁
Piyush Goyal@PiyushGoyal
A decisive move by PM @NarendraModi Ji to shield 140 crore Indians from global turbulence! 🇮🇳 Despite the West Asia crisis causing ripples in global energy markets, the Centre has ensured direct price relief by reducing excise duty on petrol and diesel by ₹10 per litre respectively. By prioritising domestic supply through strategic export duties on diesel and Aviation Turbine Fuel, the Government is ensuring that India’s growth engine remains unhindered. This is a testament to the Modi Government’s unwavering commitment to making ‘Ease of Living’ a reality for every household. No matter the global challenge, the interests of our common citizens always come first!
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For those who still imagine that a neighbouring country that is the world’s largest manufacturer would want to support Indian manufacturing and its global supply chain integration
Swarajya@SwarajyaMag
On 23 March, two tunnel boring machines — each weighing over 2,000 tonnes, each wider than a four-lane highway — were unloaded at Mumbai's JNPT port. They were meant to arrive in October 2024. This thread, and the accompanying story, is about what held them up. 📷
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sharmilakantha retweetledi
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This new paper by the Fed concludes that China's export success stems from weak domestic demand "rooted in structural features of China's economy and financial system—particularly those that constrain household consumption."
federalreserve.gov/econres/notes/…
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Yes, but every migrant worker will go home for voting and economy will come to standstill throughout the country for weeks at the same time. Code will apply to entire country. Why am I the only one pointing out this obvious implication of single election??!!
EAC-PM@EACtoPM
Hon'ble Member @sanjeevsanyal & Joint Director, Satvik Dev, opined in the @FinancialXpress , "One Nation, One Election" would save a net 28% in polling personnel deployments (equivalent to a 1.04 crore personnel days) over a 5-year cycle. financialexpress.com/opinion/the-im…
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First time seeing success of a proposed scheme being touted through its media coverage. The effort it must've taken to get this publicised, compile all planted news items and prepare report!! 🤔
NICDC@nicdc01
𝐁𝐇𝐀𝐕𝐘𝐀 𝐆𝐚𝐢𝐧𝐬 𝐍𝐚𝐭𝐢𝐨𝐧𝐰𝐢𝐝𝐞 𝐌𝐞𝐝𝐢𝐚 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 The BHAVYA (Bharat Audyogik Vikas Yojana) scheme is rapidly emerging as one of India’s most talked-about industrial initiatives. With a transformative outlay of ₹33,660 crore aimed at developing 100 plug-and-play industrial parks, the scheme is set to significantly boost manufacturing, infrastructure, and employment generation across the country. What truly underscores its impact is the overwhelming media traction nationwide, with leading publications such as @EconomicTimes, @the_hindu, @FinancialXpress, @bsindia, and @IndianExpress, along with multiple regional dailies, extensively covering the announcemen From national dailies to regional newspapers across states, and from digital, TV, and social media platforms, #BHAVYA has captured attention across the media landscape, reflecting its scale, relevance, and transformative potential. The scheme is also receiving strong appreciation from industry leaders, media, and key stakeholders, further highlighting the confidence it has inspired across sectors. A bold step towards strengthening India’s industrial ecosystem and accelerating the journey towards a $5 trillion economy. Read the report here: drive.google.com/file/d/19Nz3uM… #BHAVYA #IndustrialDevelopment #ManufacturingIndia #Infrastructure #ViksitBharat
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sharmilakantha retweetledi
Petrodollars! Nothing produces more heated discussion and, in my experience, less insight. Myths trump facts, because the actual data is a bit obscure --
But here is the most important thing to know. Before the Hormuz crisis, the flow of petrodollars had more or less dried up
1/many
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