Progressive Indian

China's one belt one road initiative is basically China's attempt to counter US economic designs which are hampering Chinese economic prospects. This initiative in its essence is all about reviving a historical route of connectivity which would create new production networks all across its periphery and allow developed countries to access the Chinese market and enviable Forex reserves for their own infrastructural development. This would help China to bring next generation of reforms in its manufacturing by promoting high value added products in a rising domestic wage environment and export of low value products to developing economy with untapped labour potential. India is also supporting Chinese desire to counter US economic designs in international sphere because in recent times it has been more of an impediment to Asian economies. Asian economy can't be sustainable if the chief market is technology intensive, quality sensitive with limited price elasticity and lie...

DRDO had been the premier agency for developing strategic & defense hardware. The agency has been credited for the development of indigenous strategic missile system. However, the agency has also been criticized for inordinate delay inefficiency and cost over run in its projects. DRDO has not been able to develop a culture of efficiency at par with international research organization. Its attitude is non apologetic about its own failures while blaming everything on government policies and lack of funds. DRDO has been unable to create a quality human resource base which is committed and efficient. It has not been able to envision commercial aspects of its products. That said, it must be acknowledged that the government too has shown more confidence in foreign technology than indigenous ones. DRDO has legitimately been subjected to thinning and uneven distribution of resources. For rectifying the present situation DRDO must first update its vision. It must not only aim for ...