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Why it’s time for India to rethink its inflation target regime

Is inflation targeting right for India, and does it focus on the right target?
The Economic Times

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DRDO Director General K Tamilmani pitches for Aeronautical Commission

Setting up of an Aeronautical Commission was very essential for attaining self-reliance in the aerospace sector, a top DRDO official said today.

Apache choppers to support Army's operational plans: Air Chief Marshal N A K Browne

The proposal was sent by the Army but it was returned by ...

Poke Me: The purchase of Rafale fighters points to India's failed defence indigenisation plans

India has licence-manufactured or assembled th...

ET Prime Distribution
  • Our forecast is that the industry will be $115 billion by 2020 and the exports contribution would around $ 40 billion by then, says Harish Lakshman, ACMA.

    The Indian auto component industry is going through major upheaval with over 40 per cent of capacity lying unutilized. Around 40 per cent of the temporary workforce has been cut. Harish Lakshman, President, Automotive Component Manufacturers Association (AMCA), advices members to split business into different segments and increase focus on exports to sail across the tough tide. Further talking about the future prospects of the Indian component industry he told Nabeel A Khan, that in spite of the current slowdown, auto parts business will grow by around three fold to be $115 billion by 2020 from the current $40 billion. Excerpts...

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