India Growth Story - Air Space

Prime Minister Shri Narendra Modi and his Spanish counterpart Mr Pedro Sanchez today jointly inaugurated TATA Aircraft Complex for manufacturing of C-295 transport aircraft in Vadodara, the first private sector Final Assembly Line for military aircraft in the country. PM Modi stated that the facility reinforces India's position as a trusted partner in global aerospace manufacturing. 

https://pib.gov.in/PressReleasePage.aspx?PRID=2068818

America Headed For Bankruptcy in 2025

Since the outbreak of COVID-19 pandemic, America's debt has increased by nearly USD 16 trillion, marking the highest debt accumulation in the history of the country. it's Debt-To-GDP Ratio Crosses 200%, Every Citizen Now Has A Debt Of Over $100,000, It means that every citizen of America carries a debt burden of USD 108,000. It is noteworthy that, the deficit spending as a percentage of GDP has reached levels comparable to those during World War II

The debt of the world's largest economy has surged to a staggering USD 36 trillion. This CY, the debt has risen by USD 2 trillion. Over the last 316 days, the U.S. debt has increased by USD 6.3 billion daily, which is approximately Rs 5,31,94,85,78,490.

How Will the Government Reduce Spending?

* Trump is addressing the national debt issue by establishing the Department of Government Efficiency.

* The new department's goal is to reduce government spending and enhance operational efficiency.

* Elon Musk and Vivek Ramaswamy have been appointed to lead the initiative.

* Musk believes he can significantly reduce the federal budget, potentially saving billions.

* Proposed cuts include reductions in public broadcasting budgets and financial support for abortion rights advocacy groups.

■ The spiralling national debt in the U.S. has witnessed a huge increase over the past two decades, multiplying six-fold from a mere USD 5.7 trillion at the start of the millennium to an overwhelming USD 23.2 trillion by 2020.

■ According to forecasts based on U.S. Congressional budget records, we could see this debt soaring to a staggering USD 54 trillion in the forthcoming decade. 

■ As of now, the national debt stands alarming at 125percent of the total GDP of the country.

■ Consequently, the U.S. government finds itself expending more than a billion dollars each day just to cover the interest on this colossal debt, indicating shrinking government revenues allied with escalating expenses.

■ The current situation is not favourable for the country's economy or national security. 

■ The US government may spend more on interest payments than development, infrastructure, and education combined.

■ Notably, US debt is increasing at a time when the country's economy is in good condition.

■ This increasing debt can lead to another government shutdown. It is noteworthy that disagreements over the national debt is common between Republicans and Democrats as both parties have contributed to the growing national debt during their terms.

*In August 2023, Fitch downgraded America's sovereign debt rating from AAA+ to AAA. Moody's also stated that it may downgrade the U.S. rating. In June 2023, US came very close to defaulting on its debt, and this situation could occur again.

Indian unveil PAN 2.0

With cutting-edge technology and a QR code for enhanced security and usability, the government unveiled the PAN 2.0 initiative. Will your existing PAN card, which does not have a QR code, remain valid until a new card is delivered and activated by each of the 78 Karore users? In this case, the user does not need to apply or take any action in advance; the government will send the new PAN to the user's registered address.

PAN is valid document for any person working or doing business in India. Residing Foreign Directors of Companies established on Indian Soil are mandatorily need PAN Card.

US President Elect has started planning ahead

New tariffs imposed by Donald Trump on China, Canada, and Mexico include a 10% tax on Chinese goods and a 25% tax on imports from nearby countries. The Canadian dollar and Mexican peso are in a spiral as a result of this action, which is intended to crack down on illegal immigration and the fentanyl trade. 

October 2024 PV Sales is alarming

In the first half of fiscal year 2025, the combined market share of India's top two automakers, Maruti Suzuki and Hyundai, dropped to a 12-year low. This coincides with the rise in popularity of Mahindra & Mahindra and Toyota, with Mahindra's market share hitting a record high of 12.5% as a result of robust SUV sales. This trend reflects the continuous evolution of consumer tastes and competitive positioning in India's PV industry. The Society of Indian Automobile Manufacturers (SIAM) recently released sales figures showing a 17% decline in passenger car sales in October. On the other hand, October had the highest-ever sales of passenger vehicles (PVs), which comprise all passenger vehicles such as buses, cars, and autos, with 3,93,238 units sold—a 0.9% increase over October 2023.

インドにおける日本企業 ? 急速に存在感を増す

  

最新のデータによると、インドで事業を展開している日本企業は約 1,439 社です。これらの企業は、自動車、電子機器、医療機器、消費財、繊維、食品加工、化学など、さまざまな分野にまたがっています。施設の面では、これらの日本企業はインド全土に約 4,948 の事業所を設立しています。これには、製造ユニット、支店、その他の事業拠点が含まれます。特に、製造部門がこれらの事業所のかなりの部分を占めています。

マルチ・スズキ、トヨタ・キルロスカ・モーターズ、ホンダ、ユニクロ、三菱グループ、日立、三井などの大手日本企業、およびみずほコーポレート銀行や三井住友銀行などのいくつかの金融機関は、インド市場の主要プレーヤーです。

インドには、多数の中小規模の日本企業が事業を展開しています。これらの企業は、さまざまな業界や分野にまたがることが多く、インドの経済と産業の展望に大きく貢献しています。インドにおける日本の中小企業の主要分野: 自動車部品、電気電子機器、ヘルスケア、IT およびソフトウェア サービス。

今後の展望

2022 年時点で、インドに進出している日本企業の 72.5% が、今後 1 ～ 2 年で事業を拡大することを目指しており、これは世界最高の割合です。

日本企業は自動車分野を超えて多様化しており、小売業者、食品サービス会社、再生可能エネルギー、環境技術、食品関連企業がインドに進出するケースが増えています。日本の中小企業や新興企業もインド市場に関心を示しています。

政府の支援

インド政府は、日本の中小企業を誘致するために、好ましいビジネス環境の創出、二国間関係の強化、特定のインセンティブの提供に重点を置いて、いくつかの対策を実施しています。主な対策は次のとおりです。ビジネス環境の整備イニシアチブ、二国間協定およびパートナーシップ、日本企業向けの経済特区 (SEZ)、インセンティブと補助金、分野別政策。

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