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Despite being the ‘factory of the world,’ many of China’s industrial sectors are energy-intensive and have low value-add. At the same time, global firms are increasingly moving towards sophisticated low-cost manufacturing techniques for higher productivity gains. As a result, the Chinese Communist Party is keen to upgrade the country’s industrial base to compete in the more advanced segments, such as information technology, through the �
Global pushback against China now targets the latter’s cultural and techno-nationalism
India’s large defence industrial base has historically been dominated by public sector entities, although they have failed in meeting the growing requirements of the armed forces. The public sector suffers from inefficiency in productivity, innovation and international sales, rendering New Delhi highly dependent on arms imports. The government is taking steps to reform the public sector, even as it accords greater importance to the private sect
