Piyush Goyal emphasized India's emergence as a credible alternative for global manufacturing, reflecting a shift in perception among international stakeholders. Gita Gopinath, Chief Economist at the International Monetary Fund (IMF), expressed skepticism about the need for an immediate rate hike by the Reserve Bank of India (RBI), although she noted that such a measure could be necessary if inflation pressures escalate. She also pointed out that India's current artificial intelligence (AI) advancements are not favorable, impacting foreign institutional investor confidence. In a related development, Ceat, a tire manufacturer, is in the process of integrating the value chain of Camso, a recent acquisition, which is expected to enhance its earnings per share by the end of FY28 or early FY29. However, Ceat is facing challenges due to a 20% rise in raw material costs, necessitating a 12% price increase to offset these expenses, with a 6-7% hike already implemented. The company anticipates further price adjustments in the coming months to maintain profitability amid robust demand across its product categories.