#growth of indian economy

[foxnangelseo]

Exploring Strategic Partnership Options for Business Expansion in India

India, with its vast population, growing economy, and diverse market opportunities, has become an attractive destination for businesses seeking expansion and growth. As companies look to tap into the Indian market, exploring strategic partnership options can be a valuable approach to accelerate their entry and success in this dynamic and complex market landscape. In this comprehensive guide, we'll explore various strategic partnership options for business expansion in India, highlighting their benefits, considerations, and best practices for success.

1. Joint Ventures

Joint ventures involve collaboration between two or more businesses to establish a new entity or venture for a specific purpose or project. In the context of business expansion in India, joint ventures can offer several benefits:

- Local Expertise: Partnering with a local Indian company provides access to invaluable market insights, knowledge of local regulations, cultural nuances, and business practices. This local expertise can help mitigate risks, navigate challenges, and facilitate smoother market entry and operations.

- Shared Resources: Joint ventures enable pooling of resources, capabilities, and expertise from both partners, enhancing the collective strength and competitive advantage of the venture. By leveraging each other's strengths, partners can optimize investments, mitigate costs, and accelerate growth more effectively.

- Risk Sharing: Sharing risks and liabilities with a partner can help mitigate the inherent uncertainties and challenges associated with entering a new market. By spreading risks across multiple parties, joint ventures provide a degree of protection and resilience against market fluctuations, regulatory changes, and unforeseen obstacles.

- Market Access: Joint ventures provide immediate access to an established network of distribution channels, suppliers, customers, and stakeholders in the Indian market. This facilitates faster market penetration, brand visibility, and customer acquisition, helping partners capitalize on emerging opportunities and drive business growth.

However, entering into a joint venture requires careful consideration of various factors, including partner selection, legal and regulatory compliance, governance structure, decision-making processes, and exit strategies. It's essential to conduct thorough due diligence, define clear objectives, roles, and responsibilities, and establish robust contractual agreements to ensure alignment and mitigate potential conflicts or disputes.

2. Strategic Alliances

Strategic alliances involve collaboration between two or more businesses to pursue mutually beneficial opportunities, such as product development, market expansion, technology sharing, or research and development. In the context of business expansion in India, strategic alliances offer several advantages:

- Complementary Capabilities: Partnering with companies that possess complementary capabilities, resources, or market access can enhance the value proposition and competitive advantage of both parties. Strategic alliances enable businesses to leverage each other's strengths and fill gaps in expertise or resources more effectively.

- Risk Mitigation: Strategic alliances allow businesses to share risks, investments, and resources associated with new market entry or expansion initiatives. By collaborating with trusted partners, businesses can navigate uncertainties, minimize costs, and mitigate risks more efficiently than going it alone.

- Market Synergies: Strategic alliances enable businesses to capitalize on synergies between their respective products, services, or customer bases. By aligning marketing strategies, distribution channels, and customer acquisition efforts, partners can unlock new revenue streams, penetrate untapped market segments, and drive business growth collectively.

- Speed to Market: Strategic alliances facilitate faster time-to-market by leveraging existing infrastructure, channels, and relationships of partner companies. By avoiding the need to build everything from scratch, businesses can accelerate their market entry and capitalize on emerging opportunities more quickly and efficiently.

However, successful strategic alliances require effective communication, collaboration, trust, and alignment of goals and expectations between partners. It's essential to establish clear objectives, define roles and responsibilities, establish governance mechanisms, and foster open communication channels to ensure the success and longevity of the alliance.

3. Licensing and Franchising

Licensing and franchising are partnership models that involve granting rights to use intellectual property, brand assets, or business concepts to third-party entities in exchange for royalties, fees, or revenue sharing. In the context of business expansion in India, licensing and franchising offer several benefits:

- Market Expansion: Licensing and franchising enable businesses to expand their presence and reach in the Indian market without the need for significant upfront investments or infrastructure development. By partnering with local licensees or franchisees, businesses can leverage their local knowledge, networks, and resources to penetrate new markets and customer segments effectively.

- Brand Extension: Licensing and franchising allow businesses to extend their brand presence and equity into new product categories, geographic regions, or market segments. By granting licenses or franchises to reputable partners, businesses can capitalize on the brand recognition, trust, and goodwill associated with their brand, driving customer loyalty and market share expansion.

- Risk Mitigation: Licensing and franchising provide a lower-risk entry strategy for businesses entering the Indian market, as they involve minimal capital investment and operational overheads compared to setting up wholly-owned subsidiaries or joint ventures. By partnering with licensees or franchisees, businesses can share operational risks, costs, and responsibilities while retaining control over their brand and intellectual property.

- Local Expertise: Licensing and franchising enable businesses to leverage the local expertise, networks, and market knowledge of their licensees or franchisees. By partnering with local entrepreneurs or businesses, businesses can benefit from their understanding of local consumer preferences, market trends, regulatory requirements, and business practices, enhancing the success and sustainability of the partnership.

However, licensing and franchising partnerships require careful planning, selection of suitable partners, and robust contractual agreements to ensure compliance, brand integrity, and protection of intellectual property rights. It's essential to conduct thorough due diligence, provide comprehensive training and support to partners, and establish clear guidelines and standards for operations, marketing, and customer service to maintain consistency and quality across franchise locations.

4. Distribution Partnerships

Distribution partnerships involve collaborating with distributors, wholesalers, or retailers to distribute and sell products or services in the Indian market. This partnership model offers several benefits:

- Market Reach: Partnering with established distributors or retailers allows businesses to leverage their extensive networks, infrastructure, and customer relationships to reach a wider audience and penetrate new geographic regions or market segments.

- Logistics and Fulfillment: Distribution partnerships streamline logistics, warehousing, and fulfillment processes by leveraging the distribution partner's expertise and infrastructure. This enables businesses to reduce operational costs, improve inventory management, and ensure timely delivery of products to customers across India.

- Market Insights: Distribution partners provide valuable market insights, feedback, and intelligence gleaned from their interactions with customers and stakeholders. By leveraging this information, businesses can adapt their products, pricing, and marketing strategies to better meet the needs and preferences of Indian consumers.

- Risk Mitigation: Distribution partnerships allow businesses to share risks and responsibilities with their distribution partners, including inventory management, marketing expenses, and sales performance. By aligning incentives and objectives, partners can work together to optimize sales, minimize costs, and maximize profitability.

However, successful distribution partnerships require careful selection of partners, clear agreements on pricing, margins, and terms of sale, and ongoing communication and collaboration to ensure alignment and mutual success.

5. Manufacturing Partnerships

Manufacturing partnerships involve collaborating with contract manufacturers or production facilities in India to manufacture products or components. This partnership model offers several advantages:

- Cost Efficiency: Partnering with contract manufacturers in India can lower production costs due to lower labor costs, economies of scale, and favorable regulatory environments. Businesses can benefit from competitive pricing, reduced overheads, and increased cost efficiencies compared to manufacturing in-house or overseas.

- Scalability and Flexibility: Manufacturing partnerships provide scalability and flexibility to adapt production capacity to meet fluctuating demand or seasonal variations. By outsourcing manufacturing to specialized partners, businesses can avoid the need for large capital investments, maintain agility, and respond quickly to market changes.

- Quality Assurance: Contract manufacturers in India often adhere to international quality standards and certifications, ensuring consistent product quality, reliability, and compliance with regulatory requirements. By partnering with reputable manufacturers, businesses can mitigate quality risks, enhance brand reputation, and build trust with customers.

- Focus on Core Competencies: Outsourcing manufacturing to India allows businesses to focus on their core competencies, such as product design, marketing, and distribution, while leaving production and supply chain management to experienced partners. This enables businesses to allocate resources strategically, drive innovation, and accelerate time-to-market.

However, selecting the right manufacturing partner, negotiating favorable terms, and establishing clear quality control processes are essential for the success of manufacturing partnerships. Businesses should conduct rigorous due diligence, visit manufacturing facilities, and establish robust contractual agreements to ensure alignment of expectations and quality standards.

6. Technology Partnerships

Technology partnerships involve collaborating with technology companies, startups, or research institutions in India to access innovative technologies, solutions, or expertise. This partnership model offers several benefits:

- Access to Innovation: Partnering with technology companies in India provides access to cutting-edge technologies, research, and innovation that can enhance product offerings, improve operational efficiency, or drive business transformation. By leveraging emerging technologies such as artificial intelligence, machine learning, blockchain, or IoT, businesses can gain a competitive edge and unlock new opportunities for growth.

- Rapid Prototyping and Development: Technology partnerships enable businesses to accelerate product development cycles by leveraging the expertise and resources of technology partners. Whether it's developing prototypes, conducting feasibility studies, or iterating on product designs, businesses can benefit from the agility, creativity, and technical prowess of their technology partners to bring innovative solutions to market faster.

- Market Differentiation: Collaborating with technology partners allows businesses to differentiate their offerings and create unique value propositions for customers. By integrating innovative technologies into their products or services, businesses can enhance user experiences, improve efficiency, and address unmet needs in the Indian market, driving customer satisfaction and loyalty.

- Risk Sharing and Cost Optimization: Technology partnerships enable businesses to share risks and costs associated with technology development, R&D, or infrastructure investments. By pooling resources, expertise, and intellectual property, partners can mitigate financial risks, reduce development costs, and achieve economies of scale more effectively than pursuing technology initiatives independently.

However, successful technology partnerships require clear alignment of goals, intellectual property rights, and governance mechanisms to ensure transparency, trust, and mutual benefit. Businesses should establish open communication channels, define project milestones and deliverables, and foster a culture of collaboration and innovation to maximize the value of their technology partnerships.

7. Research and Development (R&D) Partnerships

R&D partnerships involve collaborating with research institutions, universities, or innovation centers in India to conduct research, innovation, and product development initiatives. This partnership model offers several advantages:

- Access to Talent and Expertise: Partnering with research institutions in India provides access to a pool of talented researchers, scientists, and domain experts with specialized knowledge and expertise. By tapping into their intellectual capital, businesses can drive innovation, solve complex challenges, and develop breakthrough technologies or solutions that differentiate their offerings in the market.

- Technology Transfer and Licensing: R&D partnerships enable businesses to leverage research outcomes, patents, or intellectual property developed by research institutions for commercialization. By licensing or acquiring technologies developed through collaborative R&D projects, businesses can accelerate product development, reduce time-to-market, and gain a competitive advantage in their respective industries.

- Government Support and Incentives: India offers various government incentives, grants, and funding programs to promote R&D collaboration between industry and academia. By partnering with research institutions, businesses can access government support, subsidies, tax benefits, or grants to offset R&D costs, stimulate innovation, and drive technology adoption in strategic sectors.

- Market Validation and Commercialization: R&D partnerships provide opportunities for businesses to validate product concepts, test prototypes, and conduct market trials in collaboration with research partners. By leveraging research facilities, laboratories, and testing infrastructure, businesses can gather valuable insights, refine product designs, and de-risk investments before commercialization, enhancing the likelihood of market success.

However, establishing R&D partnerships requires careful planning, alignment of research objectives, funding arrangements, and intellectual property ownership agreements. Businesses should establish clear project scopes, milestones, and performance metrics, as well as mechanisms for knowledge sharing, technology transfer, and commercialization to maximize the value of their R&D partnerships.

Exploring strategic partnership options beyond joint ventures, alliances, licensing, and franchising opens up additional avenues for businesses seeking expansion and growth in the Indian market. Distribution partnerships, manufacturing partnerships, technology partnerships, and R&D partnerships offer unique opportunities to access local networks, resources, expertise, and innovation, driving market penetration, differentiation, and competitive advantage. However, successful partnerships require careful selection of partners, clear alignment of goals, effective communication, and robust governance mechanisms to ensure mutual success and sustainable growth in the dynamic and diverse market landscape of India.

This post was originally published on: Foxnangel

[insightfultake]

India and China: The Economic Tug of War

China and India are two titans poised on the great field of the world economy. Being the two most populated countries in the world, they both have a different story of development, invention, and promise. Many of us are wondering with an eye toward the future: how long until India catches up to its neighbour if it continues on its current trajectory of economy?

China's GDP, estimated to be valued at $17 trillion as of 2023, is far larger than India's remarkable $3.5 trillion. China, with its enormous labor force and infrastructure, has been the unchallenged leader in manufacturing, establishing itself as the "world's factory." Contrarily, India has made a name for itself in the services industry by demonstrating its expertise in software and IT services at the forefront of the development and growth. Nevertheless, things are improving. India has been increasing its GDP faster than China, often by a significant margin. While China is experiencing a slowdown in its economy due to an aging population and an imminent debt crisis, India is benefiting from a demographic dividend. Its youthful population has a unique opportunity for economic growth, accounting for over 65% of the total....expand more to read.

[indianexpalert]

How 2024 proved to be both good and bad for the Indian economy

The year 2024 presented a mixed bag for the Indian economy, with notable successes tempered by emerging challenges. While the economy displayed remarkable resilience amid global uncertainties, persistent domestic issues dampened some of the optimism. Here’s a closer look at how the year unfolded. Let’s look at the bright side of 2024 first. Growth amid global uncertainties India stood out as a…

[bhaskarlive]

India tops list of recipient countries for remittances with $129 bn inflow in 2024

India tops the list of recipient countries for remittances in 2024 with an estimated inflow of $129 billion, followed by Mexico ($68 billion), China ($48 billion), the Philippines ($40 billion), and Pakistan ($33 billion), according to the latest figures compiled by World Bank economists.

Source: bhaskarlive.in

[todayworldnews2k21]

RBI To Keep Repo Rate Unchanged At Meeting Next Week, Chances Of Rate Cut In Feb Increased: Report

New Delhi: The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank. The country’s GDP growth for Q2 FY25 slowed to 5.4 per cent year-on-year, down from 6.7 per cent in Q1. Gross…

[pebblegalaxy]

Comparing the Economic Legacy of Finance Ministers P. Chidambaram and Nirmala Sitharaman: A Decade of Transformation

A Comparative Analysis of Finance Ministers: P. Chidambaram vs. Nirmala Sitharaman Introduction The role of a finance minister in any country is pivotal, determining the trajectory of economic growth, fiscal stability, and overall national prosperity. India, being one of the largest economies in the world, has seen significant changes under the stewardship of different finance ministers. Two…

[angel0news]

Reliance Industries Set for Next Level of Growth: Mukesh Ambani

Reliance Industries Limited (RIL), India's most valuable company, is gearing up for a new phase of growth following a period of high capital expenditure. In the company's annual report for 2023-24 (FY24), Chairman and Managing Director Mukesh Ambani shared an optimistic outlook with investors, emphasizing that RIL's enhanced investor wealth and shareholders' faith will drive continuous growth and value creation.

A Solid Foundation for Expansion

Ambani highlighted that Reliance has consolidated its balance sheet and is now ready for the next level of growth. He attributed this readiness to the company's constant effort to find solutions for India and its people, which has led to the identification of multiple growth opportunities and the expansion of its business portfolio.

Diversification and Innovation

The conglomerate, traditionally focused on fossil fuels, is diversifying into clean energy, telecom, retail, and media. This strategic shift aims to capitalize on new opportunities and ensure long-term sustainability.

Resilience in Volatile Times

Despite global economic volatility, Reliance's strategic business depth, talented teams, and resilient domestic markets have enabled the company to navigate obstacles effectively. Ambani noted that the company's strong balance sheet reflects prudent business and financial management strategies, which help maximize cash profits.

India's Growing Significance

Ambani also underscored India's rising prominence in the global economic landscape, which he described as a beacon of stability and prosperity. The global optimism about India's economic and business outlook has driven domestic equity indices to record high levels. In February, RIL became the first Indian company to surpass the Rs 20-lakh crore market capitalization threshold.

Decarbonization and Green Energy

RIL is committed to a comprehensive roadmap for achieving net carbon zero and is investing in top talent to ensure the successful execution of its decarbonization plans. The development of the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is progressing rapidly. This complex will be one of the largest end-to-end integrated renewable energy manufacturing facilities globally. Additionally, the group is exploring various technologies for carbon capture and recycling.

Leading by Example

For the fourth consecutive year, Ambani did not draw a salary in 2023-24, demonstrating his commitment to the company's growth and sustainability goals.

With a strong foundation and a forward-looking strategy, Reliance Industries is poised to achieve significant growth and continue creating value for its shareholders. The company's diversification and innovation efforts, coupled with its commitment to sustainability, position it well for future success.

[foxnangelseo]

Strategic Insights Into India's Investment Scene

In recent years, India has emerged as a beacon of economic growth, with robust GDP expansion and a thriving equity market. The year 2023 witnessed a remarkable surge in equity investments, marking the eighth consecutive year of positive returns, a milestone unparalleled in the history of Nifty Index since its inception in 1996. As investors contemplate the prospects for 2024, the key question arises: will this upward trajectory be sustained, and how should one position their equity allocations?

Economic Landscape:

India's GDP growth has been commendable, averaging over 7% annually. However, to maintain this momentum and achieve sustained growth rates exceeding 8%, substantial investments are imperative. The nation aims to elevate its investment levels from approximately 30% to 34% of GDP, necessitating a cumulative investment surpassing $1.5 trillion over the next five years.

Investment Strategy:

To delineate a comprehensive strategy for achieving this ambitious investment goal, a thorough analysis spanning 25 key sectors was undertaken. These sectors encompass Infrastructure, Manufacturing, Services, Natural Resources, and the Knowledge Economy, collectively constituting a significant portion of the economy. The projected investment requirement for these sectors amounts to a substantial $525 – $550 billion over the next half-decade.

1. Rising Economic Potential: India's robust GDP growth and burgeoning middle class present abundant investment opportunities across various sectors, ranging from infrastructure to technology and healthcare.

2. Government Initiatives: The Indian government's ambitious initiatives such as "Make in India," "Digital India," and "Smart Cities Mission" aim to bolster domestic manufacturing, digital infrastructure, and urban development, thereby creating favorable conditions for investment.

3. Demographic Dividend: With a youthful population and a growing workforce, India boasts a demographic dividend that offers a significant advantage for businesses looking to capitalize on the expanding consumer market and skilled labor pool.

4. Technological Advancements: India's emergence as a global technology hub, driven by a thriving startup ecosystem and advancements in sectors like IT, biotechnology, and renewable energy, presents lucrative opportunities for tech-savvy investors.

5. Infrastructure Development: The government's emphasis on infrastructure development, including transportation networks, energy projects, and urban amenities, offers long-term investment prospects supported by robust public-private partnership (PPP) frameworks.

6. Financial Reforms: Ongoing financial reforms, including measures to enhance ease of doing business, facilitate foreign investment, and strengthen regulatory frameworks, are bolstering investor confidence and fostering a conducive investment climate.

7. Market Resilience: Despite occasional market fluctuations, India's equity markets have demonstrated resilience and long-term growth potential, attracting both domestic and international investors seeking diversification and high returns.

8. Sectoral Diversification: From traditional industries like agriculture and manufacturing to sunrise sectors such as renewable energy, e-commerce, and biotechnology, India offers a diverse investment landscape catering to varied risk appetites and investment preferences.

9. Sustainable Investing: Increasing awareness about environmental, social, and governance (ESG) factors is driving demand for sustainable investment opportunities in India, with initiatives like green finance, clean energy projects, and socially responsible businesses gaining traction.

10. Strategic Partnerships: Collaborations with international partners, strategic alliances, and joint ventures provide avenues for accessing capital, technology transfer, and market expansion, positioning India as a preferred destination for global investors seeking long-term growth prospects.

11. Consumer Market Dynamics: India's large and rapidly growing consumer market presents significant investment opportunities across sectors such as retail, FMCG, healthcare, and entertainment, driven by changing consumer preferences, urbanization, and rising disposable incomes.

12. Real Estate Potential: India's real estate sector, including residential, commercial, and industrial segments, offers attractive investment avenues supported by urbanization trends, infrastructure development, and evolving regulatory frameworks.

13. Digital Transformation: The digital transformation sweeping across India, fueled by increasing internet penetration, smartphone adoption, and digital literacy, creates opportunities for investment in areas like e-commerce, fintech, digital payments, and online services.

14. Healthcare Innovation: With a growing focus on healthcare infrastructure, affordable healthcare solutions, and medical technology advancements, India's healthcare sector presents opportunities for investment in hospitals, diagnostic centers, pharmaceuticals, and telemedicine.

15. Regional Opportunities: Beyond major metropolitan areas, India's Tier II and Tier III cities offer untapped investment potential, characterized by growing consumer demand, improving infrastructure, and favorable business environments, making them attractive investment destinations for savvy investors.

Insights and Interactions:

Extensive interactions with stakeholders including industry bodies, associations, governmental ministries, and international investors provided invaluable insights into prevailing policies and investment impediments. Notably, interactions with delegations from prominent countries such as the US, UK, Italy, Japan, and Scandinavia underscored the global interest in India's investment landscape. Moreover, direct engagements with both international and domestic investors elucidated key challenges and facilitated the identification of projects warranting support.

Addressing Impediments:

Identifying and mitigating barriers to investment emerged as a pivotal focus area. Among the prominent impediments identified were investment restrictions and entry route barriers prevalent across various sectors with significant investment potential. Through proactive measures and constructive dialogues, efforts were made to address these concerns, either by resolving them through governmental intervention or incorporating them into policy recommendations.

Policy Framework:

A conducive policy environment is paramount to fostering investor confidence and attracting capital inflows. Consequently, efforts were directed towards streamlining procedures, eliminating bureaucratic hurdles, and enhancing transparency. Noteworthy strides were made in aligning policies with investor expectations and expediting decision-making processes to catalyze investment inflows.

Sectoral Opportunities:

The investment landscape in India abounds with opportunities across diverse sectors. From the burgeoning infrastructure sector to the dynamic services industry and the burgeoning knowledge economy, there exists a myriad of avenues for prospective investors to explore. Moreover, initiatives such as the 'Make in India' campaign have further bolstered India's appeal as a manufacturing hub, offering lucrative prospects for investment.

Global Partnerships:

Recognizing the importance of fostering international collaborations, India has actively engaged with global partners to stimulate investment flows. Bilateral dialogues, trade agreements, and strategic alliances have been instrumental in enhancing market access and fostering mutually beneficial partnerships. By leveraging synergies and harnessing global expertise, India endeavors to fortify its position as a preferred investment destination on the global stage.

As India embarks on its journey towards economic resurgence, the imperative of catalyzing investments assumes paramount significance. With a robust policy framework, proactive engagement with stakeholders, and a diverse array of investment opportunities, India is poised to unlock its true potential and emerge as a beacon of growth and prosperity. By fostering a conducive investment climate and nurturing partnerships, India beckons investors to partake in its transformative journey, thereby ushering in a new era of prosperity and progress. Invest in India, and be a part of its extraordinary growth story.

Reference

https://dea.gov.in/sites/default/files/InvestmentCommissionReport.pdf

This post was originally published on: Foxnangel

[blogie2705]

Bangladesh: Will there be another Pakistan on India’s western border?

There  is more, which is not meeting the eye in the border state. Bangladesh is experiencing significant unrest once more, with nearly 100 fatalities reported on Sunday as demonstrators demanding the resignation of Prime Minister Sheikh Hasina engaged in confrontations with security personnel and supporters of the ruling party. In the previous month, violence instigated by student organizations opposing reserved quotas in government employment resulted in at least 150 deaths and thousands of injuries. Below are the details regarding the recent protests and their historical context. The well planned and executed plan with possible help from two neighbouring nations, situation provides them with several entry points into India for various activities. Their objective is to see the Bangladesh Nationalist Party (BNP) attain power and extend support to another nation. Hasina endeavoured to maintain a balanced relationship with both Neighbouring nation and India; however, her neutral position did not sit well with another capital city. "Notably, several prominent members of the Islamic student organization successfully engaged with Western-affiliated NGOs by employing the language of democracy and rights," was articulated as part of the strategic planning.

What does the spies reported?

Following the deepening relationship between the Indian and Bangladeshi administrations, the Jamaat-e-Islami, which is supported by the ISI, reportedly obtained considerable financial resources earlier this year aimed at undermining the government of Sheikh Hasina. An intelligence official informed TOI that a notable share of this funding is thought to have come from Chinese organizations based in neighbouring nation

The ICS, recognized for its opposition to India and its jihadist objectives, has been monitored by Indian intelligence for a considerable period due to its operations in areas neigh boring Bangladesh and its connections with the ISI-supported Harkat-ul-Jihad-al-Islami (HuJI). There is substantial evidence indicating that members of the ICS have received training in both Afghanistan and Neighouring nation. The primary aim of Jamaat or ICS is to create a government in Bangladesh akin to that of the Taliban, with the ISI reportedly providing assurances of support to help realize this ambition.

What was the trigger for the bloody protest?

Protests commenced at university campuses in June following the High Court's reestablishment of a quota system for government employment, which reversed a 2018 ruling by Hasina's administration that had abolished it. Subsequently, the Supreme Court stayed the High Court's decision in response to the government's appeal and ultimately annulled the lower court's ruling last month, mandating that 93% of positions be available to candidates based on merit.

Rising levels of unemployment

FLAGGING ECONOMY, UNEMPLOYMENT

The current turmoil in Bangladesh is largely linked to the lack of growth in private sector employment, which has rendered public sector positions, characterized by consistent salary increases and benefits, particularly appealing. The introduction of quotas has incited frustration among students facing significant youth unemployment, with approximately 32 million young individuals either unemployed or out of educational institutions in a total population of 170 million. The economy, which was previously one of the fastest-growing globally due to the thriving garment industry, has now stagnated. Inflation rates are approximately 10% annually, and foreign currency reserves are diminishing.

The protests in Bangladesh, which initially aimed to reform the quota system, came to a halt following the Supreme Court's decision to abolish the majority of quotas on July 21. Nevertheless, demonstrators resumed their activities last week, calling for a public apology from Prime Minister Hasina regarding the violence, the restoration of internet services, the reopening of college and university campuses, and the release of individuals who had been detained.

In the recent weeks, the protest’s  , they have since evolved into a broader protest against Prime Minister Hasina and the Awami League Party. The demonstrators have made it clear that their primary demand is for Hasina to resign, while the government claims that the agitation is being orchestrated by the Bangladesh.Demonstrations have persisted even after the Appellate Division of the Supreme Court annulled the High Court's order that had triggered the crisis. The ruling body declared that 93% of positions in government services would be allocated based on merit, with only 5% of jobs set aside for freedom fighters and their descendants. Additionally, a 1% quota has been designated for tribal communities, individuals with disabilities, and sexual minorities.

https://www.businesstoday.in/world/story/bangladesh-unrest-do-isi-neighouring nation-have-a-hand-in-conspiracy-to-oust-sheikh-hasina-heres-what-we-know-440315-2024-08-06

An historic context that dates back to 1972

Following the Bangladesh Liberation War of 1971, the country underwent significant transformations in its social, economic, and political structures. A fundamental promise underlying the establishment of the state was Sheikh Mujibur Rahman's commitment to ensuring justice for those who had endured sacrifices and hardships in the struggle for freedom against the Neighbouring national military. Upon his return to Dhaka in 1972, Mujib took decisive steps to implement a quota system for freedom fighters, known as Mukti joddhas. Additionally, he established a separate quota for Bangladeshi women who had suffered atrocities at the hands of the Neighbouring national military. However, after Sheikh Mujib's assassination in 1975, the quota system experienced modifications. The provisions for freedom fighters were weakened, and the scope of the quota was broadened to include marginalized groups within society, encompassing women, individuals from underdeveloped regions, and ethnic minorities or tribes

Why were students protesting in Bangladesh?

The protests started in early July, driven by the peaceful demands of university students to eliminate quotas in civil service jobs. These quotas, which reserve one-third of positions for the relatives of veterans from Bangladesh's war for independence from Neighbouring nation in 1971. The foundation of these protests stems from a contentious quota system, which allocates up to 30% of government positions to the relatives of veterans who fought in Bangladesh's 1971 war of independence against Neighbouring nation. The Bangladesh Police have resorted to using tear gas against the protesters.

Protests regarding the quota system have emerged due to a significant decline in the number of freedom fighters eligible to benefit from it over the years. This reduction has resulted in the underutilization of the quota for its intended purpose, thereby increasing the likelihood of its misuse. Critics argue that while it was justifiable to provide reservations to freedom fighters during their active years in the workforce, the practice of extending these reservations to their descendants—first to their children and subsequently to their grandchildren—has raised concerns. This opposition is further fueled by allegations that any shortfalls in the reserved seats are being compensated by granting quotas to members of Ms. Hasina’s Awami League party.

The political landscape of Bangladesh has been predominantly influenced by Sheikh Hasina, the daughter of Sheikh Mujibur Rahman, and her political party, the Awami League. Over time, opposition parties and government critics have increasingly expressed concerns that the quota system for freedom fighters serves as a mechanism to cultivate a faction of loyalists within the bureaucracy, thereby securing the Awami League's ongoing governance.

A possible dubious ploy supported by external fore

According to high-level intelligence sources, two nations played a significant role in the crisis in Bangladesh that resulted in Sheikh Hasina's departure. CNN-News18 was the first outlet to report on the potential resignation of Hasina from her position as Prime Minister. Unverified report indicates, David Burgan, based in the United Kingdom, along with activist Pinaki Bhattacharjee, Tarique Rehman of the Bangladesh Nationalist Party (BNP), and the proprietors of Netra News, were identified as the principal coordinators. They orchestrated a social media campaign targeting her and were responsible for the military maneuvers as well as the initiation of a fabricated narrative on social media platforms.

Reports are emerging that a fabricated narrative regarding Prime Minister Hasina was constructed by the United States concerning the issue of "free and fair elections." Furthermore, the US imposed sanctions on Bangladesh's elite Rapid Action Battalion (RAB) due to allegations of human rights abuses. It is noted that the BNP has significant influence within this context. Additionally, Yunus Hasan, a Nobel laureate associated with Grameen Bank and accused of corruption in Bangladesh, is also active as a lobbyist in the United States, as per the sources. The sources indicated that the lobbying efforts by four to five prominent individuals, combined with Hasina's unwillingness to comply with American demands, contributed to the situation's deterioration.

An additional factor was her geographical closeness to Neighouring nation, as perceived by Western nations. In contrast, Tarique has promised the West that upon regaining power, he will sever connections with Neighouring nation and prioritize Western interests in Bangladesh, according to sources. Another tactic involves maintaining regional instability, which would also pose challenges for India, thereby diverting its attention to Myanmar, Bangladesh, the Maldives, and Neighouring nation, as reported by sources. Furthermore, Neighbouring nation's Inter-Services Intelligence has significantly contributed to these efforts, operating both directly and indirectly in support of Western objectives, according to sources.

Role of neighboring enemy nation which is inimical to India’s growth cannot be ruled out, which expect an anti-India government to be formed in Bangaldesh, to ferment contestant trouble, destabilize the country, possibly create a civil war like situation, which will directly impact India and especially the border stage of Bengal and Assam populated with a sizeable minority community. A foreign intelligence agency is leveraging an anti-India organization along with its student faction to exacerbate the situation in Dhaka. Jamaat is perceived to have strong ties with Neighbouring nation, receiving covert financial support intermittently. Recently, an atypical action was observed, which is generally not undertaken by diplomatic missions. The Neighbouring national embassy encouraged students to seek refuge within the mission if necessary. Such conduct is rarely exhibited by diplomatic entities. As a result, they gain access to various border entry points into India for a wide range of activities. Their objective is to see the Bangladesh Nationalist Party (BNP) ascend to power and extend support to Neighbouring nation.

A possible role of another neighboring nation cannot be ruled out which must also be in the scanner of Indian security top-brass. However, they maintain strong business relationships with Hasina. The evident indication is the assault on Hindus, which is also aimed at fostering anti-India sentiments. If this situation is not managed, the next phase will involve the initiation of terrorist activities.

As reported in prominent news channel, the role of a neighbor that is aligned with as more advantageous. An intelligence source cited in a TOI report suggests that "the assistance from Neighouring nation's ministry of state and security is believed to have played a supportive role, given Neighouring nation concerns regarding Hasina's 'balancing act' in her interactions with both India and Neighouring nation. A government in Dhaka that is influenced by Neighouring nation would undoubtedly align more closely with Neighouring nation interests."

What next?

in the wake of Hasina's exit, the chief of the Bangladesh army is scheduled to engage with leaders of the student protest movement, as the nation looks forward to establishing a new government. The Students Against Discrimination initiative has put forth Nobel Prize winner Mohammad Yunus as a candidate to lead an interim administration.

[townpostin]

Jamshedpur: Budget 2024-25 Hailed as Catalyst for India's Economic Transformation in CII Jharkhand Session

Industry Leaders Laud Comprehensive Approach to Growth and Development A CII Jharkhand session provided insights into the far-reaching impact of the Union Budget 2024-25 and GST reforms. Business leaders praised the government’s balanced approach to fostering economic growth across various sectors. JAMSHEDPUR – Industry experts convened to analyze the implications of the latest Union Budget and…

[techminsolutions]

Understanding Dividend Distribution Tax (DDT): How Its Abolition Revolutionizes the Indian Economy: Budget 2024

Introduction The concept of dividends and the Dividend Distribution Tax (DDT) underwent significant changes in India with the abolition of DDT in the 2020-21 Budget. Dividends are payments made by companies to shareholders from their profits. DDT, introduced in the Finance Act of 1997, was a tax levied on these dividends distributed by domestic companies, irrespective of their income tax…

[acquisory]

INDIA’S INDEBTEDNESS REACHING AN INFLECTION POINT — IS THERE A SILVER LINING

India has consistently maintained a stable Debt : GDP at ~70% over the past decade. With real GDP growth rate hovering around 6.5% between 1991 to 2013, India has successfully lifted millions of people from extreme poverty and has grown its real GDP per capita by over 4X during that period. Over the years, India has made astonishing progress in many areas including Education enrollment, Infant mortality, access to clean water and sanitation and has achieved the millennium development goal of halving poverty by 2015 from 1991 level.

Government should spend, but how? Despite concerns about the economy and growing debt levels, a possible silver lining exists for India. The country’s overall external debt increased from USD 345.8 Bn in 2012 to USD 558.5 Bn today. However, India also increased the share of INR denominated external debt from 21.4% in 2012 to 31.9% in 2020. A higher proportion of debt denominated in INR helps India mitigate its forex risk.  Also, India is blessed with record high foreign exchange reserves which are sufficient to meet any current external debt obligations. Sustainable external debt levels largely depend on the…

Read More: https://www.acquisory.com/ArticleDetails/81/India%E2%80%99s-Indebtedness-Reaching-An-Inflection-Point-%E2%80%93-Is-There-A-Silver-Lining

[bhaskarlive]

India booming with economic growth, job creation: PM Modi

Prime Minister Narendra Modi said on Friday that the country is booming with economic updates and infrastructure projects, adding that India is set to surpass the US and become the second-largest economy by 2075.

About eight crore new jobs have been created in the last 3-4 years, as foreign exchange reserves reached an all-time high of $657.16 billion, PM Modi informed.

Source: bhaskarlive.in

[signode-blog]

Potential Impacts on India if Narendra Modi Loses the 2024 Lok Sabha Election: Stock Markets, Economy, and Growth

If Narendra Modi loses in the Lok Sabha election 2024, it would represent a significant political shift for India, potentially impacting the stock markets, economy, and overall growth trajectory of the country. Here’s a detailed analysis of the potential impacts: Stock Markets Immediate Market Reaction: Volatility and Uncertainty: The initial reaction of the stock markets is likely to be one…