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Hardly a surprise, Covid-19 only accelerated the eventuality. -- Agri output will be healthy this year, might even be better if rain gods are kind. Once again Kisan saves the country from total doom. We collectively owe so much to the farmers of this country.

And who is giving 3%-4% interest earning ?

Fiscal targets are not yet raised, tax revenues are touching ground. Centre is unable to pay the gst dues that it already owes to states. Articulated contingency compensation cess fund has no money. At least let this fund borrow money from market, now. No time for prudence. Central bank should...

Rating agencies will screw you if you spend more, they will screw you even if you don't spend. Govt needs to gather courage and raise debt ceiling.....

Can't leave India, can't stay in India. Story of just another behemoth https://www.business-standard.com/article/companies/uber-to-lay-off-3-000-workers-in-second-cut-for-may-trip-requests-drop-80-120051801538_1.html

Unfortunately, there are only 2 narratives right now in country - Everything is hunky-dory. Govt has done everything and economy is going to flourish. Its the end of the world. Govt has completely failed, and economy is devastated.

+1 Biden is just weak candidate. May not even stand chance against Trump. Trump's re-election will create real change from globalization we know from 30yrs ago. Markets love him, Americans do not see anyone else strong enough now. He might just easily secure 2nd term riding on anti-china...

I'd continue with the stance stated before. Agree to disagree.

We are jumping to Infrastructure funding now ? I think let's look at it from the pov of objective. When it comes to infra funding, no money is sufficient. We need massive massive funding for that, agreed. Coming to FDI, what is the target ? If we have set annual targets on bringing FDIs in a...

Happy to clear your confusion. Pick any post from several pages here. Its not one for another. Foreign manufacturing companies should not be granted disproportionate advantage in terms of tax breaks, labor terms or environmental impact. Its that simple. Keep them at equal grounds with domestic...

You don't have to buy the entire world. Lack of capital is solvable. And we already have several examples where Indian companies made long strides with help of acquisitions or deep partnerships. I refuse to believe that Indian conglomerates or even specialized companies can't raise capital...

We are late to that party. And for the very same reason, domestic companies should not be put at disadvantage. Unemployment is only one factor. Much talked globalization of yesterday itself allows Indian companies to jump higher, this dependence and begging to foreign companies to come here...

Don't put words in mouth. I have not advocated one against another. And will continue to discourage sweatshops and cheap assembly units to support obscene margins of foreign companies.

The problems that come along with sweatshops and foxconn units are well documented & recognized. Did not proclaim mnrega to be cure either. Agreed. Means matter though. Yes, you are forgoing revenue if the incoming company unit was treated on equal ground with others. And attracting that...

I am not sure if solving employment by means of sweatshops and foxconn type factories is a magic solution. Not to overexaggerate but gulags or gulf construction sites have also solved unemployment then. Tax holidays are again part of some 20-30yr old chinese model to attract foreign investment...

I am afraid we will fall for the deceit and end up agreeing for said terms in desperation. From earlier posts - https://www.bloomberg.com/news/articles/2020-05-07/india-looks-to-lure-more-than-1-000-u-s-companies-out-of-china

That's an optimist view. Can't disagree. Regarding getting cheap manufacturing relocated from China to India, I have commented earlier in this thread on the same. If west wants continuous cheap mass manufacturing in absence of China, we should not subsidize it by relaxing our revenue, labour...

I guess internet is not just polarized, but also in silos as well. Information manipulation at industrial level. Don't worry, last bastion might fall soon enough :wink:

Yes, not advocating for passing judgements or discouraging any stakeholder moving their set of reforms. Everyone including likes of Premji and States are merely debating the ideas IMO.

Its important people realize this other extreme end as well. Most of the stories in media these days are filled with how Kerala is paradise in every aspect. That's grossly wrong and need to be put in correct place. Coming to labor conditions, yes we should not go for Kerala model either...