Indian economy poses major challenges: Chinese think tank
Pure BS headline by Chinese mouthpiece media.
Indian economy doesn't pose any challenge to China. Chinese companies are one the largest source of FDI in India. Not only this but India has emerged as largest non-domestic market for many Chinese companies. They have specialty in some sectors we in others, Both Chinese and Indian economies can coexist.
Bullshit, India lags in manufacturing sector, we will never be able to compete with the chinese if we continue like this, the only thing that our foolish ecomic planners have achieve so far is stupid call centre jobs in India, you can never build an economy like china or south korea or japan with services sector. Modis make in India plan also doent seem to be working, its just that the things which were already being made in India got a new logo of make in India, this is very frustrating
Blame INC they ruled india for 60 years and made sure to stifle India's industrial sector by complex land acquisition rules, tax rules, mining monopolies and red tape every where in bureaucracy. On top of this massive monopolies of unions controlled by regional political parties. Not to mention power and water shortages almost daily in many parts of India for last 60 years. Now after decades of destruction you blame Modi that he hasn't made India superpower in 3 years. Sorry to burst your bubble but Modi doesn't have a magic stick that will fix everything overnight. Give him some time this is the most business friendly gov we had since independence. As environment for doing business becomes more friendly presence of strong manufacturing base will emerge.
Forget defence, have you ever used the electronic items manufactured by Indian cos like hcl, micromax, karbonn etc? They are all crap when compared to the likes of samsung and motorola and even panasonic.
Micromax, Karbon, etc doesn't make phones in India they import from china and put their logos on them. They are crap because they are budget brand.
Samsung and others do make phones in India with same quality standards as elsewhere. (I know I am using one)
Tata Nano is not allowed to sell in european countries
Tata makes Jaguar and Land Rover no issues there. Do you know where Volkswagen, Audi, Fiat, Mercedes make their car parts? Please do a google search.
BTW How many Chinese companies are successfully selling cars in Europe?
low floor buses manufacture by tatas catch fire due to short circuits
Source?
We not only need to promote a manufacturing based economy but also improve the quality of our manufacturing.
I have heard lots of people online complaining about made in China or made in (insert whatever country) products and calling them inferior based on geography of factory.
Let me clarify this misconception. If you buy a product in 10 rupees you will get quality of 10 rupees product don't compare it with 100 rupees product. There are standards of production including quality control that all companies follow regardless of location of their manufacturing plant. Higher margin product has higher quality standards, lower margins product lower quality. Please learn this basic.
call centre jobs in India
What bothers you about call centre jobs? People working hard to make a living bothers you?
We can have both service industry and manufacturing industry side by side. This is a strength not a weakness.