Indian Economy: News and Discussion

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,411
Country flag
Ya'll Nibbiars I think the government can create more competent R & D eco systems in the semi conductors by giving subsidies. If I remeber correct there are already some subsidy in this case. Does any one's knew about this programmes?.
 

Crazywithmath

Senior Member
Joined
Mar 3, 2021
Messages
2,359
Likes
14,347
Country flag
Tai has a economics degree though she is just plain incompetent
Much of the criticism she receives is actually misdirected. The fact that she is too much fiscally conservative and extremely averse to handing out cash even amidst a freaking pandemic is a big minus. Apart from that, what else? Poor lady inherited an economy that was barely moving ahead from the NPA/credit mess and as soon as it seemed that shit was about to get better the chinese virus came calling; she has not even gotten an entire 'normal' year yet. And whatever reforms they might be pushing ('bold'; if one says so) ahead with cannot be happening without her approval. She is even going ahead with the agenda of duty rationalization (imposing higher duty on finished goods and lowering them on inputs; last year's economic survey has the details); something her predecessors vehemently opposed to.......

What's the point of being a good economic planner when you can't survive in politics? Modi, too, can develop the way ABV did but ignoring politics when it is the biggest reality is stupidity. People underestimate the politician's willingness to stay in power
Heh. Your post reminds me Budhdhadev Bhattacharya led LF government in Bengal. Poor man never received the accolades he deserved; basically his own party abandoned him. Mamata and her ilk perfectly capitalized on it, threw them out and made the colossal mess Bengal today is.
 
Last edited:

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,411
Country flag
Ya'll many have taken the PPP Railways station as the benchmark of the modernization of the Indian Railways. But I doubt this model can be scaled and implemented on mass scale on short period of time. The Finance through bonds issued by the IRFC could be a viable options. The PPP model don't work I every scales. We need multiple types of ideas to modernize the Railways.
 
Last edited:

Physx32

Senior Member
Joined
Feb 28, 2019
Messages
1,487
Likes
9,870
Country flag
Railways is undergoing a silent transformation. Havent you noticed the numerous underpasses, over bridges being built all over the country to remove line crossings. This development alone deserves an applause. I have travelled extensively in past few months in Indian Rail and everywhere i saw new rail lines, railway stations being built, bridges, underpasses, electrification etc.
Of course, they're developing but at a snail's pace. They're decades behind in coach design, track design and stations. Just google Habibganj station and see how ugly that new modern station is.
While you travelled for a few months, I used suburban trains regularly to go to college for years. I know how pathetic their service is.



Most of these Muppets were having problems wid adani and ambani few time back...west bengal has vission for business plz musk baba build factory in Kolkata...wah democracy ke naam pe chewtiya bana raha he
That TMC minister is the biggest chuewtya. Her begum shut down Nano factory, and now wants Tesla to invest. Elon has to be deluded to make a factory in India.
 
Last edited:

ezsasa

Designated Cynic
Mod
Joined
Jul 12, 2014
Messages
31,922
Likes
148,087
Country flag
IR still uses ICF coaches which is a Swiss design from 1950. They were manufactured untill 2018. They're quite literally stuck in colonial era. What more do you want? Even their sophisticated and modern™ LHB coaches are 25 years old.
IR story will be a subset of India's manufacturing story, IR is not like ISRO with a very narrow and focussed charter. "literally stuck in colonial era" would mean there have been zero improvements since 1947, which is not the case, hence the phrase is a hyperbole.

if intent is to criticise, no issues, but let it be an educative conversation.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,411
Country flag
Of course, they're developing but at a snail's pace. They're decades behind in coach design, track design and stations. Just google Habibganj station and see how ugly that new modern station is.
While you travelled for a few months, I used suburban trains regularly to go to college for years. I know how pathetic their service is.
Ya'll Nibbiars Despite having the largest assets in India the monetization of assets are at very snail phase.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,411
Country flag
Ya'll Nibbiars inthink the GOI and state governments may provide a tax holiday of almost 15 to 20 years for the very first Semi Conductor plants. And here the target would not be taxes but creating a new high tech sector. Once you get the very first tenant. Getting others is more easier than the Firsts.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,411
Country flag
Much of the criticism she receives is actually misdirected. The fact that she is too much fiscally conservative and extremely averse to handing out cash even amidst a freaking pandemic is a big minus. Apart from that, what else? Poor lady inherited an economy that was barely moving ahead from the NPA/credit mess and as soon as it seemed that shit was about to get better the chinese virus came calling; she has not even gotten an entire 'normal' year yet. And whatever reforms they might be pushing ('bold'; if one says so) ahead with cannot be happening without her approval. She is even going ahead with the agenda of duty rationalization (imposing higher duty on finished goods and lowering them on inputs; last year's economic survey has the details); something her predecessors vehemently opposed to.......



Heh. Your post reminds me Budhdhadev Bhattacharya led LF government in Bengal. Poor man never received the accolades he deserved; basically his own party abandoned him. Mamata and her ilk perfectly capitalized on it, threw them out and made the colossal mess Bengal today is.
Ya'll Nibbiars she is not just fiscal conversation most of the FM were. But don't take even a Iota of risks.
 

Crazywithmath

Senior Member
Joined
Mar 3, 2021
Messages
2,359
Likes
14,347
Country flag
That is true, China's literacy rate in 1991 was around 78% , India around 48%. India's literacy rate is still lower than their 1991 level. Even their life expectancy was around 70 years in 1991. Plus quality of education is better in china . God knows what we did till 1991, didn't build infra, didn't spend on human resources (a hallmark of socialist govenments like cuba, etc), didn't have free market, didn't industrialize.
Hain? India's literacy rate is well over 80%! A mid 2017 survey submitted at the Parliament pegged it at 78%+! Don't trust 3rd party estimates.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,411
Country flag
Hain? India's literacy rate is well over 80%! A mid 2017 survey submitted at the Parliament pegged it at 78%+! Don't trust 3rd party estimates.
Ya'll Nibbiars It's never about education but technical skills. There are lakhs of engineers, technicians with diploma not getting proper jobs. It's always a mismatch in India. Most of the mechanical engineers are struggling to get proper jobs even before the Chinese Virus.
 

ezsasa

Designated Cynic
Mod
Joined
Jul 12, 2014
Messages
31,922
Likes
148,087
Country flag
Ya'll many have taken the PPP Railways station as the benchmark of the modernization of the Indian Railways. But I doubt this model can be scaled and implemented on mass scale on short period of time. The Finance through bonds issued by the IRFC could be a viable options. The PPP model don't work I every scales. We need multiple types of ideas to modernize the Railways.
give examples of PPP for railway station redevelopment failing in IR .
 

Crazywithmath

Senior Member
Joined
Mar 3, 2021
Messages
2,359
Likes
14,347
Country flag
Ya'll Nibbiars It's never about education but technical skills. There are lakhs of engineers, technicians with diploma not getting proper jobs. It's always a mismatch in India. Most of the mechanical engineers are struggling to get proper jobs even before the Chinese Virus.
OP talked about literacy rate only. Employability is a different issue altogether.
 

Physx32

Senior Member
Joined
Feb 28, 2019
Messages
1,487
Likes
9,870
Country flag
IR story will be a subset of India's manufacturing story, IR is not like ISRO with a very narrow and focussed charter. "literally stuck in colonial era" would mean there have been zero improvements since 1947, which is not the case, hence the phrase is a hyperbole.

if intent is to criticise, no issues, but let it be an educative conversation.
I was exaggerating, but the facts I've stated are true. Our highways and eways have developed far more than railways since 2014.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,411
Country flag
give examples of PPP for railway station redevelopment failing in IR .
Ya'll Nibbiars I never said failure but scalable. Many PPP were announced in past 10 years but the rate of achievement is low. Many projects are still stuck. Many railways station redevelopment is still stuck or going in snail phase. Recently there were some speed ups. Until the reorganization of the railways development firms.
 

Crazywithmath

Senior Member
Joined
Mar 3, 2021
Messages
2,359
Likes
14,347
Country flag
Ya'll Nibbiars I never said failure but scalable. Many PPP were announced in past 10 years but the rate of achievement is low. Many projects are still stuck. Many railways stataion redevelopment is still stuck or going in snail phase. Recently there were some speed ups. Until the reorganization if the railways development firms.
Ashwini Vaishnaw has been good so far, no? Still early days though.
 

ezsasa

Designated Cynic
Mod
Joined
Jul 12, 2014
Messages
31,922
Likes
148,087
Country flag
I was exaggerating, but the facts I've stated are true. Our highways and eways have developed far more than railways since 2014.
exaggeration is fine, since there was a tag team of exaggeration/hyperbole going on with haldi, leading to subjective exaggeration overload :smash:, had to intervene.

as far as focus highways and eways are concerned, it looks that way because of recent focus on them. but at the same time DFCs are also happening, if states cooperate, there will be more DFC in the country.

and all this is happening because of India's "cost of logistics" in world bank's "ease of doing business" ranking.

it's neither "Hum loot gaye" nor "sab changa si", as with everything in life, it's a process and a long one at that involving multiple stakeholders. it's better to do a decade by decade comparison, rather than snapshot comparisons at a single point in time.

even on a chess board, not all pieces move the same.
 

Global Defence

New threads

Articles

Top