Industry – Bhartiyanews24x7

14Sep

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Horror comedies | Screaming success

In a dark alley in Chanderi, a young man is lost in a sing-like-nobody’s-listening, messed-up rendition of Nigerian singer Rema and Selena Gomez’s hit track ‘Calm Down’. He is waiting for his friend who seconds earlier has finished humming the lullaby ‘Soft Chitti, Warm Chitti’ (a nod to ‘Soft Kitty’ from The Big Bang Theory) to his girlfriend. Soon, a gross, ginormous headless monster, called what else but Sarkata, enters a room, hides his decapitated head under the bed and then abducts Chitti. As the audience rides this roller-coaster of laughs and scares, Stree 2 has casually strode on to become the second highest-grossing Hindi film of all time in India, projected to eclipse the Rs 554 crore Jawan. Made on less than half the budget of the Shah Rukh Khan-starring action-heavy spec...

18Aug

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Culture

Economy | Amit Kapoor: Honing the competitive spirit

India is the fifth largest economy in the world, with a GDP of $3.2 trillion in 2023, and we have been growing at an average rate of 7.6 per cent in the past decade. However, on closer examination, certain key indicators reveal a startling picture. India’s GDP per capita, a true indicator of a nation’s prosperity, is at $2,730 (Rs 2.3 lakh). It is much lower compared to our developing bloc peers, including Brazil ($11,350), China ($13,150), Vietnam ($4,620) and South Africa ($5,970). To look at a broader indicator of India’s holistic well-being, our social progress ranks at 110 out of 169 countries in 2022; approximately five points below the global average score. Moreover, India’s GDP per capita places the country at the 111th rank out of 164 countries assessed on social progress.For Indi...

18Aug

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Culture

Industry | The growth factories

The first Economic Survey of Modi 3.0 dropped a bombshell when it made a case for getting Foreign Direct Investment (FDI) from China to help India improve its participation in global supply chains through exports. Even as Union commerce & industry minister Piyush Goyal quickly scotched speculations about easing Chinese capital inflows, the economic survey—tabled a day before the Union budget to provide an overview of the Indian economy’s performance—has set off a debate.China is India’s largest trade partner, with export/ import volumes exceeding $118 billion (Rs 9.9 lakh crore, at the current exchange rate) in 2023-24. But India’s trade deficit with China is also the highest at $85 billion (Rs 7.14 lakh crore), not including Chinese products reaching its shores through free trade agre...

18Aug

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Culture

Industry | Sanjiv Mehta: India as the ‘plus one’ to China

In the last several decades, many countries that transitioned from the middle-income to the high-income status benefited from either joining the large European market or being endowed with natural resources like oil and gas. There are notable exceptions, like South Korea, Taiwan and Israel, who have avoided the middle-income trap through manufacturing backed by R&D and innovations. Some countries used commodity exports or manufacturing and did well for some time, but eventually floundered. In this backdrop, India will have to create its own path to prosperity, where manufacturing will play a key role. Still, it will have to be a multi-dimensional story, with growth being inclusive and sustainable. We will have to go up the value chain based on cutting-edge innovations but will at the s...