“Andy Mukherjee’s Latest Hot Take on India’s Trade Policy Vs Vietnam’s Is Hilarious, Here Is How”, The Pamphlet, August 22, 2023:
“Bloomberg Columnist Andy Mukherjee is back to entertain us with his hot takes on economy. This time, in his column titled “India’s trade policy works in Vietnam’s favour”, Andy Mukherjee claimed that the production linked incentive scheme of government of India which provides incentives to corporations to produce in India and increased custom duty on imports is working against India and in favour of Vietnam.
This, he says after saying how the policy has made India a net exporter of handheld devices today as against 2014. Andy writes, “The PLI program, which kicked in for mobile phones in October 2020, is being touted as a success. Annual production has surged more than 60 percent to $42 billion.
Of this, $11 billion is exported, compared with virtually nothing when Prime Minister Narendra Modi came to power in 2014. From being a net importer, India has become a net exporter of handheld devices.” But for him, this achievement in little less than 3 years is not a win for Indian government…..”
Read the full article at Thepamphlet.in
