Go First's downfall, Vick Rana's success story, QJ Motor SRC500 review are some of the stories that piqued the interest of our readers this week
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1) The trillion-dollar dream
There is a shift in India's boardrooms. Efforts are being made to make a slow but steady stride towards making the nation a manufacturing powerhouse. The endgame is to reach a $1 trillion merchandise export target by the end of this decade. The walk uphill is not going to be easy. According to the estimates, to meet this goal, India needs to compound growth at 12 percent in dollar terms or 15-16 percent in rupee terms. We have traditionally exported petroleum products, gems and jewellery, textiles, cotton, minerals, tea, coffee and buffalo meat. Will this traditional path suffice? Or new contenders such as speciality chemicals, pharma, EV components, semiconductors, industrial machinery and so on will take on this new challenge? Read more here
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2) Apple makes in India
If were to continue the manufacturing discussion, it is difficult to ignore the recent trip by Apple CEO Tim Cook to India. The launch of the first official Apple retail stores in India was a hot ticket event for fans, celebs, and the media. Although the event marked 25 years of Apple's products being available in the country, it was also a big step for the Cuppertino-based company's India push. Apple has been eyeing expanding in India since 2016 when Cook first met Prime Minister Narendra Modi. Now, with three contract manufacturers, two retail stores and several other manufacturing plants in the wings, Apple is all set to make the most of India's lower costs of production and rising demand. Read more here