Indian Economy: News and Discussion

[ezsasa]

there was a post a few weeks back from someone about NY elites having a "woke score" built into their software , was it about blackrock or bloomberg ?
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Larry Fink, CEO Of World's Largest Asset Management Firm Blackrock, Rejects Accusation Of Pursuing 'Woke Capitalism', 'ESG Virtue Signalling'

Larry Fink, CEO Of World's Largest Asset Management Firm Blackrock, Rejects Accusation Of Pursuing 'Woke Capitalism', 'ESG Virtue Signalling'

swarajyamag.com

 

[FalconSlayers]

Max Healthcare to invest $450 mn over next 4 years to double India capacity

The investment will help boost capacity at existing hospitals as well as augment the firm's land holdings further, according to Soi.

www.business-standard.com

Delhivery gets Sebi's go-ahead to raise Rs 7,460 crore via IPO

Supply chain company Delhivery has received capital markets regulator Sebi's approval to raise Rs 7,460 crore through an initial public offering

www.business-standard.com

 

[XR SAM]

Manufacturing goods in India is costly because of high cost and unreliable power, poor roads and unskilled labour. Then how are they doing so many exports if made in India products are not competitive? And Samsung shifted it's display unit here. Are their manufacturing cost same here as in China? If the answer is yes then why can't we make cheaper goods in other sectors, why Chinese goods are always cheaper?

 

[FalconSlayers]

Manufacturing goods in India is costly because of high cost and unreliable power, poor roads and unskilled labour. Then how are they doing so many exports if made in India products are not competitive? And Samsung shifted it's display unit here. Are their manufacturing cost same here as in China? If the answer is yes then why can't we make cheaper goods in other sectors, why Chinese goods are always cheaper?

Too much YouTube education makes people write up this .

 

[afako]

Manufacturing goods in India is costly because of high cost and unreliable power, poor roads and unskilled labour. Then how are they doing so many exports if made in India products are not competitive? And Samsung shifted it's display unit here. Are their manufacturing cost same here as in China? If the answer is yes then why can't we make cheaper goods in other sectors, why Chinese goods are always cheaper?

If you understand PLI scheme rationale, the Govt sat with manufacturers across the table and said leave all these cost comparison with other countries, tell me one figure how much India is costly compared to other country, the Govt said we will directly pay you that cost which is % of value. Manufacturers were happy but Govt said what's my benefit? You export as per my wishlist and get forex for and take this money.

Remember in manufacturing profit margin is in single digits. Every 1% of cost reduction counts significantly towards profit. First the Govt reduced corporate tax to 15% for new manufacturing firms (compared to 25% in competitor country) and now paying 4% to 6% as direct cash, so the manufacturer is making more profit compared to other countries.

 

[thebakofbakchod]

Manufacturing goods in India is costly because of high cost and unreliable power, poor roads and unskilled labour. Then how are they doing so many exports if made in India products are not competitive? And Samsung shifted it's display unit here. Are their manufacturing cost same here as in China? If the answer is yes then why can't we make cheaper goods in other sectors, why Chinese goods are always cheaper?

Wages in China have risen quite significantly in the last decade. Even with our shit infrastructure and logistic network, it will probably be cheaper to build the plant here in coastal states near ports (whose infra is on par/better than so-called tigers like Vietnam anyway). The median salary in China is now >$1000. For manufacturing sector, it is ~85000 yuan / year aka 10 lakh INR per year. Even majority of our tech workers dont earn so much.

China Average Yearly Wages in Manufacturing | 2022 Data | 2023 Forecast

Wages in Manufacturing in China increased to 82783 CNY/Year in 2020 from 78147 CNY/Year in 2019. Wages in Manufacturing in China averaged 19522.42 CNY/Year from 1978 until 2020, reaching an all time high of 82783 CNY/Year in 2020 and a record low of 597 CNY/Year in 1978. This page provides -...

tradingeconomics.com

.

 

[Concard]

Manufacturing goods in India is costly because of high cost and unreliable power, poor roads and unskilled labour. Then how are they doing so many exports if made in India products are not competitive? And Samsung shifted it's display unit here. Are their manufacturing cost same here as in China? If the answer is yes then why can't we make cheaper goods in other sectors, why Chinese goods are always cheaper?

Have you heard of integrated supply chain? Chinese workers have to be paid 7,000 RMB per month which is $1,000. Here that is the salary you pay to a 4 years experienced software Engineer not for a person who works on the factory floor. So why does manufacturing in China is cheaper? Well as I said "Integrated supply chain".

If you take an iphone, right from Printed circuit boards, passive components such as resistors and capacitors, speakers, wires, plastic/metal casing, battery, display everything is manufactured in more or less one place. Even the raw materials are made available near or in one place to churn out goods faster. On the other hand we have to import certain components which is going to cost us time and time is money, and again we don't manufacture everything here so we assemble something here and put together everything in another place, in the end the costs are going to add up.

 

[thebakofbakchod]

 

[thebakofbakchod]

Have you heard of integrated supply chain? Chinese workers have to be paid 7,000 RMB per month which is $1,000. Here that is the salary you pay to a 4 years experienced software Engineer not for a person who works on the factory floor. So why does manufacturing in China is cheaper? Well as I said "Integrated supply chain".

If you take an iphone, right from Printed circuit boards, passive components such as resistors and capacitors, speakers, wires, plastic/metal casing, battery, display everything is manufactured in more or less one place. Even the raw materials are made available near or in one place to churn out goods faster. On the other hand we have to import certain components which is going to cost us time and time is money, and again we don't manufacture everything here so we assemble something here and put together everything in another place, in the end the costs are going to add up.

I once had to fabricate a plastic mold with a custom design and sourced for local industries to do it. None of the jokers had the ability to make what i want. Their cost and proposed timeline was tragic. In the end I got a chong factory to do it. It was literally cheaper and faster to get it imported from there then rely on the local factory. Sad state of affairs. This was 4 years back so things are likely still the same but this is one of the main reasons why our manufacturing sector remains primitive. Our companies dont have the capability or flexibility to cater to customer needs. This thing will only happen with government support and strong competition

 

[Physx32]

Have you heard of integrated supply chain? Chinese workers have to be paid 7,000 RMB per month which is $1,000. Here that is the salary you pay to a 4 years experienced software Engineer not for a person who works on the factory floor. So why does manufacturing in China is cheaper? Well as I said "Integrated supply chain".

If you take an iphone, right from Printed circuit boards, passive components such as resistors and capacitors, speakers, wires, plastic/metal casing, battery, display everything is manufactured in more or less one place. Even the raw materials are made available near or in one place to churn out goods faster. On the other hand we have to import certain components which is going to cost us time and time is money, and again we don't manufacture everything here so we assemble something here and put together everything in another place, in the end the costs are going to add up.

This is quite similar to CKD car assembly. I had an old laptop (around 2007) which was assembled in China while many of the components (like batteries) were imported from Japan and Singapore. Nowadays, all the components (except the cpu and gpu) are made locally in China. Hopefully, we can build an integrated supply chain soon with TSMC and Intel setting plants in India.

 

[sauntheninja]

This is quite similar to CKD car assembly. I had an old laptop (around 2007) which was assembled in China while many of the components (like batteries) were imported from Japan and Singapore. Nowadays, all the components (except the cpu and gpu) are made locally in China. Hopefully, we can build an integrated supply chain soon with TSMC and Intel setting plants in India.

Having an integrated supply chain means people can experiment with different hardware components to build stuff that's why you see so many copycats coming from china , this builds the experience for college students and helps them in their careers hope India goes through something similar , all the hardware components found in eletronic markets/amazon are from china currently

 

[Lonewolf]

Dixon Technologies (India) enters into JV agreement with Imagine Marketing

Projects Today is India's largest databank with updated projects information on new and ongoing projects from all sectors across India

www.projectstoday.com

 

[Kumata]

Any idea if Nirmala Auntie is thinking of giving any tax cuts... BC, inflation is through the roof while baba is busy persuing the global takla man... at this pace, they will alienate the Middle class... all it will take is a promise of tax break from Pappu... Baba is being too ignorant of salaries class plight now ... and asking for stick...

i am just astonished to know that a car,s ex showroom prices have 52% tax component and than another 28% GST Is applied + road tax + All kind of bullshit to get on road Car price.. no doubt , prices are increasing like Rajdhani express... Maruti hiked it,s prices 4 times in last year alone

 

[ladder]

Any idea if Nirmala Auntie is thinking of giving any tax cuts... BC, inflation is through the roof while baba is busy persuing the global takla man... at this pace, they will alienate the Middle class... all it will take is a promise of tax break from Pappu... Baba is being too ignorant of salaries class plight now ... and asking for stick...

i am just astonished to know that a car,s ex showroom prices have 52% tax component and than another 28% GST Is applied + road tax + All kind of bullshit to get on road Car price.. no doubt , prices are increasing like Rajdhani express... Maruti hiked it,s prices 4 times in last year alone

Prices of cars will further increase with 6 airbags mandate.

 

[afako]

Any idea if Nirmala Auntie is thinking of giving any tax cuts... BC, inflation is through the roof while baba is busy persuing the global takla man... at this pace, they will alienate the Middle class... all it will take is a promise of tax break from Pappu... Baba is being too ignorant of salaries class plight now ... and asking for stick...

i am just astonished to know that a car,s ex showroom prices have 52% tax component and than another 28% GST Is applied + road tax + All kind of bullshit to get on road Car price.. no doubt , prices are increasing like Rajdhani express... Maruti hiked it,s prices 4 times in last year alone

Your vote to Modi does not make any difference to him. He has enough ideological followers and JAN DHAN Yojana beneficiaries to bring him to power next time.

 

[Lonewolf]

Your vote to Modi does not make any difference to him. He has enough ideological followers and JAN DHAN Yojana beneficiaries to bring him to power next time.

But he need to look into needs too and make amendments

 

[Haldilal]

Any idea if Nirmala Auntie is thinking of giving any tax cuts... BC, inflation is through the roof while baba is busy persuing the global takla man... at this pace, they will alienate the Middle class... all it will take is a promise of tax break from Pappu... Baba is being too ignorant of salaries class plight now ... and asking for stick...

i am just astonished to know that a car,s ex showroom prices have 52% tax component and than another 28% GST Is applied + road tax + All kind of bullshit to get on road Car price.. no doubt , prices are increasing like Rajdhani express... Maruti hiked it,s prices 4 times in last year alone

Ya'll Nibbiars Modi dosent need your 5 star taxes or Tai with your IT filing you can shif to Canada. India dosen't need you.

 

[Kumata]

Okie Halde... I here by rejign...

 

[Haldilal]

Okie Halde... I here by rejign...

Ya'll Nibbiars Company ne Dhoka kiya?.

 

[Kumata]

Prices of cars will further increase with 6 airbags mandate.

Prices of cars will further increase with 6 airbags mandate.

Agree...slowly india will go back to gadha gaadi .. Baba wants to meet paris climate target also..... . bicycles too are retailing in 5 digits ... perhaps, we should make a trade deal with porkland to import their high quality donkeys..

Modi master stroke!!!!!!!!!!!!!!