Addressing the supply chain bottle necks is necessary to protect the key manufacturing sectors in India. Analyse (200 Words)
Refer - Business Line
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· For most economies in Asia, the robust growth in goods exports has more than compensated for the loss of services exports.
· For India, the bottlenecks have mostly been reflected in higher commodity prices, and to an extent greater freight costs.
· However, the shortages of certain products, especially semiconductors have increasingly been impacting production, especially for automobiles.
· Indeed, auto production in the last six months has been 16 per cent below 2019 levels for passenger vehicles, and 24 per cent for two wheelers.
· This issue appears to be especially debilitating for India’s nascent electronic vehicles industry. In line with weak production, sales have declined, and the backlog of orders has built up dramatically.
· So far, India’s imports have been rising rapidly, and understandably, the focus is first on securing energy supplies.
· The government is looking to add more incentives, but a typical large semiconductor manufacturing facility needs almost two years to build.
· However, given the starting point for India remains one of import dependencies in varying degrees on capital and consumer imports.
· We need to be watchful and pragmatic in understanding and addressing the supply chain bottlenecks, to shield our nascent recovery.
Manish 3 years
Please Review !
IAS Parliament 3 years
Try to provide a comprehensive conclusion. Keep Writing.
K. V. A 3 years
Kindly review
IAS Parliament 3 years
Good attempt. Keep Writing.
Rekha 3 years
Kindly review mam/sir
IAS Parliament 3 years
Avoid listing out points and include data to support your arguments. Keep Writing.
Rekha 3 years
