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Budget Insights 2024-25: The India Story

Aug 10

1 min read

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Electronics & Semiconductor Industry

Key Challenges:

  • Domestic Value Addition: Improve key capabilities to reduce import dependence.

  • Supply Chain Bottlenecks: Address short supply chain issues to boost domestic capability.

  • Quality Standards: Meet international quality standards to compete globally.

Industry Asks:

  • Strategic Studies: Conduct seven studies to refine the national manufacturing electronics policy.

  • Capital Provision: Create instruments for long-term capital provision through subsidies.

Table

Aspect

Business-As-Usual (BAU)

Alternative Scenario (AS)

Definition

Continuation of current trends without significant changes in policies or behaviors.

Implementation of new policies, technologies, or behaviors to achieve specific goals.

Emissions

High emissions due to lack of mitigation efforts.

Reduced emissions through targeted interventions and sustainable practices.

Energy Use

Predominantly fossil fuels with limited renewable energy adoption.

Increased use of renewable energy sources and improved energy efficiency.

Economic Impact

Potentially higher costs due to environmental degradation and resource depletion.

Initial investment costs but long-term savings and economic benefits from sustainable practices.

Environmental Impact

Significant negative impacts, including climate change, pollution, and biodiversity loss.

Reduced environmental footprint, improved air and water quality, and conservation of biodiversity.

Social Impact

Potential health risks, displacement, and inequality due to environmental and economic stress.

Improved public health, job creation in green sectors, and enhanced social equity.

Technological Adoption

Slow adoption of new technologies due to lack of incentives and support.

Rapid adoption of innovative technologies supported by policies and incentives.

Policy Framework

Minimal regulatory changes and reliance on existing policies.

Comprehensive policy changes aimed at sustainability and resilience.

Long-term Sustainability

Unsustainable, leading to potential crises and resource shortages.

Sustainable, ensuring long-term resource availability and environmental stability.


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