Real rise in India's ability to serve world in goods
Business Standard|October 19, 2024
Experts at BCG see India showing signs of having the appropriate supply chain to become an exporter in the goods space. MARC GILBERT, managing director (MD) and senior partner, BCG Canada, and global lead, BCG Center for Geopolitics, and NISHANT GUPTA, MD and senior partner, BCG India, spoke in an interview with Amritha Pillay in Mumbai to discuss decarbonisation, impact from West Asia tensions and geopolitical concerns. Edited excerpts:
Real rise in India's ability to serve world in goods

How is the decarbonisation conversation shaping up at the global stage and how does India compare?

Gilbert: Generally speaking, Europe and the US have taken a slightly different approach. Europe used more of a stick approach with the carbon border adjustment mechanism. The US went with an incentive with the inflation reduction Act, which is about creating jobs with a green component to it.

Right now, unlike three years ago, there's been less attention brought to decarbonisation and the best lens that we use right now is to look at the elections.

And, over 60 per cent of the world has voted or is voting this year. Sometimes, it has historically been part of the election campaign, but it has gone down this time.

Gupta: If you look at India from that (election) perspective, there's always the trade-off between how much you want to develop as a country as well as what should be your efforts on decarbonisation, because there is a cost associated with it. India still, from a developing standpoint, has been making good efforts around it. We are well on track to at least meet whatever we promised by 2030 in terms of renewable targets.

This story is from the October 19, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 19, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
CEA advises India Inc not to seek cover of weak currency
Business Standard

CEA advises India Inc not to seek cover of weak currency

Chief Economic Adviser (CEA) V Anantha Nageswaran on Thursday urged India Inc to avoid relying on a weak currency as a shield, emphasising that it cannot substitute productivity and investment in research and development (R&D).

time-read
1 min  |
November 22, 2024
Nvidia's AI chip demand soars, but revenue forecast a worry
Business Standard

Nvidia's AI chip demand soars, but revenue forecast a worry

Firm projects revenue growth to slow to 69.5°/o in QLr from 9Lr°/o in QB

time-read
1 min  |
November 22, 2024
Govt looks to cut red tape and unmoor port infra delays
Business Standard

Govt looks to cut red tape and unmoor port infra delays

New plan aims to expand financial powers, and level the playing field with private operators

time-read
2 mins  |
November 22, 2024
Govt to table 5 new Bills in winter session
Business Standard

Govt to table 5 new Bills in winter session

The government has listed five new Bills to be introduced in the Winter Session of Parliament, which begins on Monday.

time-read
1 min  |
November 22, 2024
Macroeconomic stability a joint effort, says Das
Business Standard

Macroeconomic stability a joint effort, says Das

'Stable inflation is foundation of sustained growth'

time-read
2 mins  |
November 22, 2024
Goyal urges industry to raise quality standards
Business Standard

Goyal urges industry to raise quality standards

Commerce and Industry Minister Piyush Goyal on Thursday underscored the need to raise quality standards in the country, urging the industry to actively engage with technical committees and appoint representatives to uphold these standards.

time-read
1 min  |
November 22, 2024
Parties in war of Words over Adani allegations
Business Standard

Parties in war of Words over Adani allegations

Rahul demands immediate arrest and interrogation of the industrialist

time-read
3 mins  |
November 22, 2024
Business Standard

Kenya nixes airport, energy deals with group

Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process that had been expected to award control of the country's main airport to Adani Group after its founder was indicted in the US.

time-read
1 min  |
November 22, 2024
Experts warn ofsevere legal fallout. for Adani group and associates
Business Standard

Experts warn ofsevere legal fallout. for Adani group and associates

The charges against Gautam Adani and others, as announced by the US Securities and Exchange Commission (SEC), involve serious allegations of securities and wire fraud, as well as violations of the Foreign Corrupt Practices Act (FCPA) and the Foreign Extortion Prevention Act (FEPA). Experts and lawyers explained the details of these provisions as well as their implications.

time-read
3 mins  |
November 22, 2024
Adani family net worth falls 20%
Business Standard

Adani family net worth falls 20%

At its peak, it was worth $136.3 bn at the end of July this year

time-read
1 min  |
November 22, 2024