HuffPost India The rapid rise and sudden collapse of industries in Baddi at Himachal Pradesh suggests the problems of the Indian economy will require much deeper fixes than just tax holidays. While the state government keeps a careful tally of new industries registered in Baddi, they keep no account of unit closures. We are not aware of the units who have closed down their units either temporarily or permanently.” Sanjay Kanwar, Deputy Director, Industries at Baddi, admitted. Sanjay Kanwar, Deputy Director, Industries, BaddiIn her budget speech in February 2020, Finance Minister Nirmala Sitharaman called on India’s private sector to lift growth through investment. The Baddi experiment Much like the broader Indian economy, Baddi has also been affected by global trade agreements.

Source: Huffington Post February 10, 2020 05:03 UTC