India's policy contradictions are making it harder for investors to crack its market
Publishing timestamp: 2023-09-07 20:03:35
Summary
The article discusses how Apple and Foxconn are relocating their manufacturing operations to India due to the "Made in India" policies of Prime Minister Narendra Modi. However, it also highlights the shades of protectionism in India's policies, which seem contradictory to its eagerness to embrace global trade. The article mentions the import restrictions on personal computers and laptops that caught major suppliers by surprise. It also discusses the potential impact of these restrictions on foreign vendors and the shift in consumer spending towards Indian firms. The article concludes by mentioning the growth potential of India's economy and the challenges it faces in its bond markets due to capital controls.
Sentiment: MIXED
Keywords: world economy, narendra modi, business news, india, world markets, business, dell technologies inc, trade, china, asia economy, apple inc, cnx nifty index, economic events,
Source: https://www.cnbc.com/2023/09/08/india-investment-economy-g20.html