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India could very well reach 1 trillion in total exports this year. -500bn goods and 500 bn services etc.
The company L&T designed and manufactured their own Construction Machinery. Usually we see such being imported from established players.
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My view summarized: The design inner layer is solid, but now India needs much more capital and infrastructure for production in important "mid + outer layer".
Qualcomm Tapes Out 2nm Chip, Underscoring India’s Rising Clout in Global Semiconductor Design - The Financial World
Bengaluru: In a landmark achievement for India’s fast-evolving semiconductor ecosystem, Qualcomm Technologies, Inc. has successfully taped out its advanced 2nm semiconductor design, reinforcing the country’s growing role at the forefront of global chip engineering. The milestone, delivered...
www.thefinancialworld.com
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Rajendra Chola
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Don’t think so. Our merchandise exports have plateaued. Since oil prices went down, our refinery exports have gone down in value. Thanks to IPhone exports, our overall exports haven’t contracted.
Other sectors have faired poorly like textiles, leather & steel products. Automobiles & engineering goods are ok. Labour intensive sectors needs vertical integration for lower input costs & support for more exports. Hopefully US and EU deal will see more. Plus our FTA utilization rates are poor 25%.
