Best of BS Opinion: An inflexion point, the visible hand, and more

Here is the best of Business Standard's opinion pieces for today

For several quarters, the IT industry has been cautious, pointing to concern about margin pressures, slow demand, and a high employee churn. In this context, our lead editorial notes this could be an inflexion point rather than a simple cyclical slowdown for the IT industry. It will have to reinvent itself. If it cannot, there could be further valuation downgrades. Read here

In other views:

A country like India cannot afford to develop every area of technology that its production process requires, writes Nitin Desai. Read here

Rajesh Kumar Singh and Kumar V Pratap from the Department for Promotion of Industry and Internal Trade note that the success of PLI schemes can be seen through its contributions in terms of employment generation, increased foreign direct investment in manufacturing, higher exports with diversification of the exports basket, significant value addition, and the creation of a growing local value chain in many products, especially mobiles. Read here

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"Government is building a strong and self-reliant India, a flag-bearer of peace with the capability to give a befitting reply to its adversaries.”

 

Defence Minister Rajnath Singh