RBI Deputy Governor Poonam Gupta says India’s march toward high-income status by 2047 will rely less on national macro policy and more on how well individual states design and execute growth plans suited to their local strengths. The message shifts focus to state-level strategy, execution, and tailoring economic development to regional opportunities.
Alcohol beverage makers are asking state governments to raise liquor prices, warning that production is getting squeezed by surging packaging costs. They cite sharp increases in the prices of glass, paper, cans and bottles, driven by supply chain disruptions linked to the West Asia crisis. With margins shrinking and costs still climbing, manufacturers warn some units may have to shut down.
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