Indian Economy: News and Discussion

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Deadline was Diwali right
Can any post the article regarding it postponement

Piyush Goel too has said that national interests will come first before agreement. India exports went down 1% this quarter. So commerce ministry too is skeptical.

Brits want a lopsided agreement to save their failing economy as well as stricter visa rules to satisfy their inner audience.
 

thebakofbakchod

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Piyush Goel too has said that national interests will come first before agreement. India exports went down 1% this quarter. So commerce ministry too is skeptical.

Brits want a lopsided agreement to save their failing economy as well as stricter visa rules to satisfy their inner audience.
Trying to stall a FTA just because this government cant kick out more useful members of society via immigration would be the stupidest reasons ever to stall a FTA. If anything we should thank them for restricting migration. Then again this government has no idea how to improve our exports, judging by the abysmal export growth in the last 8 years.
 

thebakofbakchod

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That is because once you go beyond 300 employees, there are so many regulations and permissions that you need, that it becomes very hard for small company that has just reached 300 employees to hire law firms and file for all regulations and pay any bribe if needed.

Whereas, these chinese companies have already grown big in China and accumulated capital, hence can spend on getting permissions for a big factory.

So, until we reform our laws, its going to be like this only.

If you want to learn about this in detail :
Well it has been 8 years now. What exactly has Mr 56 inch done to improve on that aspect? Coward only knows how to chestthump but will eventually back down to protests. AFAIK, nothing at all has improved with regards to setting up new industries with large manpower.

 

asaffronladoftherisingsun

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Indx TechStyle

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Global Innovation Index 2022ad is out. BHARAT is closing all the gaps very fast. Do your part victory is ours.

View attachment 175045
Leading in Cenral and southern Asia isn't an achievement. Most of these countries are either theocracies like Pakistan & Iran or unpopulated tribal states. It is obvious that India will rank first among them.
 

Abdus Salem killed

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Another chinese company setting up a production base here. Everytime i look at this, I wonder WTF are our own companies doing. There are so few of them in the entire country who undertake projects like this. Look at the scale of the plant. Easily will employ 15000 workers, mainly women. Most local shoe factories are fragmented into tiny informal companies
???????

 

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We will easily rank 2nd or 3rd in global science and technology clusters before 2030ad itself. The gap is that close.
No, we will struggle to enter top 5 for next 10 years. Check WIPO indicators.
East Asian and North Atlantic countries IPRs and innovations are stuffed up there. We are called advanced only outside East Asia and western world, off course all other regions barely have innovations.
 

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Guys, what is debt crisis and what are the implications of this on Indian economy and on people like us?
 

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Are not we at par with that eastern europe already?
Being at par with East Europe isn't an achievement either. We are only emerging economy which is not upper middle income (which east Europe is). Being equal to them should be practically normal.

West Europe, North America and Northeast Asia account for most of innovations and they fill top 10~15 ranks of any innovation and patent chart.
 

asaffronladoftherisingsun

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Being at par with East Europe isn't an achievement either. We are only emerging economy which is not upper middle income (which east Europe is).

West Europe, North America and Northeast Asia account for most of innovations and they fill top 10~15 ranks of any innovation and patent chart.
Thanks for the info. Have been friends with @Haldilal for two years and all he spams yall nibbiars.
 

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