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Connection with Indian diaspora is key issue for Modi government

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New Delhi: The importance of diaspora in Modi’s diplomacy is reflected in the Indian communities related programs since PM Modi had taken the charge of the nation on May 2014. The government launched year-long consultation program on diaspora related subjects. It includes the investment from Indian diaspora members for PM’S flagships projects. This comes just after a month of the tie-up between Ministry of Overseas Affairs and MEA.

The 1st consultation of this series was held on Saturday, including Ministers, senior officials, stakeholders and sovereign people.

The main motto of this plan is to generate various ideas for promoting the schemes like Start Up India, Digital India, cleaning of Ganga, flagship projects and so on along with making people aware of the healthcare, development, and tourism promotion issues.

According to authorities, one consultative meeting will be organized every month to discuss on one such issue related to Indian diaspora. The Saturday meeting was held on the issue of how to carry out the program where money is donated by diaspora timely, sources said.

Modi government uses Non-Resident Indians and Indian diaspora as the key element of foreign policy. They established many Trusts and authorities to focus on diaspora. One such authority is The Indian Development Foundation of Overseas Indians ( IDF-OI ) chaired by Sushma Swaraj, which was established in 2008 to engage NRIs in the development and social projects of India.

IDF-OI  connected with Modi government’s flagship program like Swachh Bharat and Namami Gange in 2015-16 and also make easy for Indian overseas to contribute to these projects. It is also connected with State governments to present projects of State governments.

Nearly after 12 years of diaspora improvement program, the government in January decided to merge Ministry of Overseas Indian Affairs with External Affairs Ministry with the principle of minimum government, maximum governance. The merger program was cleared by Modi and following the suggestion from Sushma Swaraj who was earlier holding MEA and MOIA portfolios.(inputs from agencies)

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Weakning Demand Caused by Coronavirus Pandemic To Impact Indian Smartphone Market

Some brands like Apple, Samsung, Xiaomi, Realme, OPPO, Nokia HMD and Lava have already set up services on top of the active user base

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Smartphone
Some brands like Apple, Samsung, Xiaomi, Realme, OPPO, Nokia HMD and Lava have already set up services on top of the active user base. Pixabay

More than the supply concerns, weakening demand due the uncertainties brought about by the novel coronavirus is set to impact the India smartphone market the most, according to a projection by market research firm techARC.

During the calendar year 2020, demand is likely to be low particularly during the April-August period. “There can be no qualitative deterministic measurement of the impact done in this situation. There are so many uncertainties around and the situation is impacting both the supply and the demand side of the market,” said Faisal Kawoosa, Founder and Chief Analyst, techARC.

“We expect supply chain to resume in June in India. Thus April and May will be the worst affected months in terms of shipments, be it out of China or in India,” Kawoosa added. What is more worrying is the weakening demand as consumers are now focusing on spending their money only on essentials like food and medicine.

“Only those requiring a smartphone in case of breakdown will be the primary buyers. The elective upgrades and replacements will be at minimal,” said Kawoosa. Supply, including the channels (offline as well as online) should be back to normal in September. This will be fundamentally triggered by ground-up to festive season.

Smartphone
More than the supply concerns, weakening demand due the uncertainties brought about by the novel coronavirus is set to impact the India smartphone market the most, according to a projection by market research firm techARC. Pixabay

But even during the October-December quarter, demand could be lukewarm due to the the macro-economic scenario by then as well as fear of the viral infection resurfacing towards the winter. “Only if, there would be a vaccination available by then at mass scale, the market could see revival, but not at the normal levels,” Kawoosa said, adding that the smartphone industry will have to look at other revenues, especially service-oriented offerings, to offset the gap which will arise due to low sales of smartphones in 2020.

Some brands like Apple, Samsung, Xiaomi, Realme, OPPO, Nokia HMD and Lava have already set up services on top of the active user base.

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“They need to further look for more paying services to narrow the gap between the potential earnings through sale of hardware and the actual revenues they can realise in 2020,” said the report. (IANS)