Amit's Blog

Navigating the Straits: Turkey's Economic Journey and Strategic Ambitions Turkey's economy is currently undergoing a crucial period of transition, moving towards more orthodox macroeconomic policies to tackle its long-standing challenges of high inflation and currency volatility. After a turbulent two decades marked by both impressive growth spurts and recurring crises, the current government has embarked on a stabilization program featuring aggressive interest rate hikes and fiscal tightening. While this shift is showing early signs of success in bringing down inflation and narrowing the current account deficit, it comes at the cost of slower GDP growth in the near term. Beyond these immediate economic adjustments, Turkey faces the long-term structural challenges of an aging population, productivity concerns, and a persistent reliance on external financing. Simultaneously, its burgeoning defense industry is emerging as a significant pathway for both economic diversification ...

Reliance Defence Manufacturing: Emerging Private Sector Powerhouse Reliance Defence Limited, a subsidiary of Reliance Infrastructure Limited (RInfra), is a leading private player in India’s defense sector, aligning with the “Make in India” and Atmanirbhar Bharat initiatives. Operating in aerospace, naval systems, ammunition, and electronic warfare, it leverages India’s largest integrated shipyard in Gujarat and the Dhirubhai Ambani Defence City (DADC) in Ratnagiri, Maharashtra. With exports exceeding ₹1,000 crore and 25 industrial licenses, Reliance collaborates with global giants like Dassault Aviation, Rheinmetall AG, and Thales for technology transfer and production. The Rafale offset deal alone promises ₹20,000 crore in business. Despite financial challenges, including RInfra’s high debt and negative return on equity (-29.27% in FY24), Reliance is poised for growth, driven by India’s $130 billion defense modernization and export targets of ₹50,000 crore by FY29. Strategic joint v...

Executive Summary Tamil Nadu has transformed from an agrarian economy in 1950 to India’s second-largest state economy by 2023–24, with a GSDP of ₹31 lakh crore and a per capita income (₹3,15,220) 1.71 times the national average. Its diversified economy—spanning automotive, textiles, electronics, IT, and sustainable agriculture—is underpinned by a 48.4% urbanization rate, 80.3% literacy, and a 6.5% poverty rate. Compared to Maharashtra, Gujarat, Karnataka, AP, and India, Tamil Nadu excels in social indicators (HDI: 0.708) and diversification, trailing Maharashtra in GSDP scale and Karnataka in IT dominance. Dravidian social reforms, the Green Revolution, post-1991 liberalization, and the 2021 Industrial Policy were pivotal. State budgets show opportunities in infrastructure and renewables but face constraints from welfare spending (40%) and debt (25% GSDP). Projected GSDP growth of 8–9% through 2025 hinges on electronics, IT, and green energy, leveraging strengths like a skilled workfor...