CAs appeal to the professionals around the world to come together to present the true picture of India and counter baseless allegations with political motivations
The Indian manufacturing industry is mainly comprised of chemicals, machinery, metals, and textiles. The increasing growth in the manufacturing sector is attributed to Prime Minister Narendra Modi’s ‘Make in India’ initiative, which seeks to transform manufacturing in the country.
The report estimates a total of 13.5-14.9 million job additions per annum by the Narendra Modi government. These estimates are again indicative of robust job creation in the economy over the last five years.
Nehruvian model of capital intensive growth had a similar effect on the rural populace of India as Mao’s Great_Leap_Forward had on China’s rural inhabitants
"India and France are likely to surpass the UK in the world's largest economy rankings in 2019, knocking it from fifth to seventh place in the global table," PwC's Global Economy Watch report said.