Latest news with #DebashisBasu
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Business Standard
3 days ago
- Business
- Business Standard
Industrial policy redux: India must counter the Chinese supply grip
China needs nothing critical from India - on the other hand, India needs $115 billion worth of goods every year from China to keep various parts of its economy going Debashis Basu Listen to This Article First it was the shadow-banning of exports of rare earths that panicked Indian electric-vehicle (EV) manufacturers. Now comes the Chinese halt on specialised fertilisers. A German tunnel-boring machine bound for India is reportedly stuck in China, awaiting export clearance. What next? India, the drug-manufacturing giant, imports 80 per cent of key starter materials from China. What if that is choked? China needs nothing critical from India — on the other hand, India needs $115 billion worth of goods every year from China to keep various parts of its economy going. All those who were advocating that manufacturing is less relevant
Business Standard
17-06-2025
- Business
- Business Standard
Debashis Basu
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange's amazing success, leading to hubris, regulatory capture and algo scam".
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Business Standard
15-06-2025
- Business
- Business Standard
RBI repo rate cuts alone can't shift India's economic growth gear
Clearly, it is not for the RBI and its monetary policy committee (MPC) to fix any of these deep structural issues and magically create growth premium Debashis Basu Listen to This Article On June 6, the Reserve Bank of India (RBI) surprised the markets — it sliced the repo rate by 50 basis points (bps) to 5.5 per cent and cut the cash reserve ratio (CRR) by 100 bps, phased over four 25-bp tranches from September to November. The move, expected to inject ₹2.5 trillion ($30 billion) into the system, briefly lifted spirits: The Nifty index climbed 1 per cent that day, with a modest gain the day after. However, by the end of the week, the index had slumped below its pre-cut level. The rate cut is a sideshow. With the
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Business Standard
01-06-2025
- Automotive
- Business Standard
To counter China, India needs to first crack down on corruption like Xi did
For years, China was viewed as a cheap manufacturing hub. No longer. When Xi Jinping assumed power in 2012, he made no secret of his intention to move China up the value chain Debashis Basu Listen to This Article Rajiv Bajaj, chairman of Bajaj Auto, sounded the alarm last week: If China were to restrict exports of rare earth metals — crucial for magnets in electric vehicles— India's nascent electric-vehicle (EV) industry could grind to a halt. His anxiety is not unwarranted. As geopolitical tensions rise and trade wars simmer, headlines like these expose uncomfortable truths: The world remains deeply dependent on Chinese supply dominance, and India is no exception. In domain after domain — artificial intelligence (AI), robotics, green energy, and defence — China's ascendancy is no longer a prediction but a reality. Its stronghold is not accidental;
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Business Standard
18-05-2025
- Business
- Business Standard
Donald Trump's tariff deals: End of the beginning in global standoff
Many experts thought that Mr Trump's aim was to lock China out of the global trade chains by striking major deals with big, long-term trading partners and allies. They were wrong Debashis Basu Listen to This Article Last week, American President Donald Trump fired a salvo against Apple Chief Executive Officer (CEO) Tim Cook, demanding that iPhones be made in the United States (US), not India. This marks a fresh escalation in his 'America First' crusade. The outburst, laced with characteristic bluster, came despite Mr Cook's earlier pledge of $500 billion in US investment. In 2024-25, Apple churned out 40 million iPhones in India, worth $22 billion, with 32 million units ($17.5 billion) exported to the US, Europe, and West Asia. By 2026, the tech giant aims to assemble all US-bound iPhones here, scaling up production to
