Indian Economy: News and Discussion

[Crazywithmath]

Given that India's r&d spending as a % of gdp has been flat at ~0.8-0.9% for the last two decades and there is still no clarity on the national research foundation announced 2 years back nor have they allocated anything significant for the national quantum computing mission (despite promising several biilions of US$ not too long ago) do not hold your hopes that high. Even the defence r&d as a % of net def budget does not exceed 4%. They promised a lot of khayali pulao in the NEP on supposed increase in r&d spending. Two years on where are they? We seem to depend a lot on west; muh west will give us hsr technology, muh west will 'assist' us in aero-engine tech, mah west will deliver us know how and know why of green hydrogen tech simply because India Is A mArKeT Of 1.3 BiLLiOn PeOplE. West will simply sell us licenses and we will happily produce it - this has been the norm for us and there is no reason to believe anything has changed yet.

Here, National Research Foundation was announced way back in 2019;

Budget 2019: FM Sitharaman proposes to set up National Research Foundation

National Research Foundation will assimilate the research grants being given by various ministries independent of each other.Besides providing funding, the draft NEP said NRF will take care of the need to seed, build research capacity in universities and colleges

www.google.com

In 2020;

Redirect Notice

In 2021; INR 50k was promised over a period of 5 years;

Union Budget 2021 | ₹50,000 crore for National Research Foundation

It will fund research across disciplines

www.google.com

In 2022; oN FaST TrAcK;

NRF on fast track to bolster research: PSA Ajay Kumar Sood

Besides NRF, the Office of the PSA is also working on promoting deep technology entrepreneurship and National Open Access Strategy to provide better access to research journals. In her Budget speech last year, Finance Minister Nirmala Sitharaman had pledged Rs 50,000 crore for the NRF over a...

www.google.com

In 2023; INR 2k 'promised'

Rs 2000 crore allocated to National Research Foundation in Union Budget 2023-24

The Union Budget 2023-24 allocated funds of Rs 2000 crore for the proposed National Research Foundation which is set to support India's research capabilities.

www.google.com

'Soon'

National Quantum Mission to be launched 'very soon', says PSA Ajay Sood

"These hubs would be run by four different institutes which will be selected by competition... that hub is not only responsible for work in their institute but in the country as a whole and in that framework start-ups are an integral part... "So what we are saying in our mission document is that...

www.google.com

 

[Cheepek]

Air India ordering 500 planes from Airbus & Boeing.

See how much money will go outside India. If any Indian company build aircraft than that money will remain in India.

Lacking in aerospace technology, costing us high.

The only thing that matters is whether they are going to make the planes in India or not.

 

[SKC]

Air India ordering 500 planes from Airbus & Boeing.

See how much money will go outside India. If any Indian company build aircraft than that money will remain in India.

Lacking in aerospace technology, costing us high.

There are only two global companies in Big Plane industry now. You cannot magically build any indigenous industry on such large scale.
Airbus itself is consortium of multiple EU countries.

 

[FalconSlayers]

There are only two global companies in Big Plane industry now. You cannot magically build any indigenous industry on such large scale.
Airbus itself is consortium of multiple EU countries.

By industry we meant domestic production of those Airbus/Boeing aircrafts in India.

 

[Blademaster]

There are only two global companies in Big Plane industry now. You cannot magically build any indigenous industry on such large scale.
Airbus itself is consortium of multiple EU countries.

That situation will change soon. China will soon have its own global company that can compete with Boeing/Airbus and so will Russia. Russia needs to replace its western planes anyway since the western nations have barred Boeing/Airbus from selling spare parts to keep those planes flying. And Russia will never go back to western products again. So count on Ilyushin to come out with big passenger planes in the future.

 

[Sanglamorre]

That situation will change soon. China will soon have its own global company that can compete with Boeing/Airbus and so will Russia. Russia needs to replace its western planes anyway since the western nations have barred Boeing/Airbus from selling spare parts to keep those planes flying. And Russia will never go back to western products again. So count on Ilyushin to come out with big passenger planes in the future.

Russia might just move to Chinese for their manufacturing need altogether.

 

[SKC]

That situation will change soon. China will soon have its own global company that can compete with Boeing/Airbus and so will Russia. Russia needs to replace its western planes anyway since the western nations have barred Boeing/Airbus from selling spare parts to keep those planes flying. And Russia will never go back to western products again. So count on Ilyushin to come out with big passenger planes in the future.

Russia has two products in this area but cannot complete with West. They have equally old airline program as them.
Chinese industry is big still not comparable to Boeing/Airbus. West is not going to give airworthiness certificate to China for operating their planes in west.

 

[Blademaster]

Russia has two products in this area but cannot complete with West. They have equally old airline program as them.
Chinese industry is big still not comparable to Boeing/Airbus. West is not going to give airworthiness certificate to China for operating their planes in west.

And Russia and China will retaliate. Mark my words. There will be a new reorganizing of the lines in the world. If the western nations will not give airworthiness certificates to Chinese planes, China will retaliate by revoking the airworthiness certificates, and those western planes would have to fly around China and Russian airspace. And other countries may follow the same.

 

[SKC]

And Russia and China will retaliate. Mark my words. There will be a new reorganizing of the lines in the world. If the western nations will not give airworthiness certificates to Chinese planes, China will retaliate by revoking the airworthiness certificates, and those western planes would have to fly around China and Russian airspace. And other countries may follow the same.

Ghanta Retaliate!

You are being too much optimistic.

 

[afako]

Bunch of con artists.

The grand daddy of Con artists:

 

[SKC]

And why is this clown inserting himself here shamelessly when this deal doesn't benefit India at all. None of these aircrafts made in India despite hundreds of them ordered. Biden is celebrating that a million jobs in his country will be supported by this deal and with the money they make they'll give aid to India's enemies meanwhile this chaiwala thinks that without creating jobs in India these aircrafts will be any useful.

He has been a failure when it comes to Make in India, if not for huge services exports of India we would've been another Sri Lanka.

Stop calling PM clown. And Stop your obsession of declaring him a failure.

The planes are manufactured in only 2 factories around thw world. We were never gonna be able to make any plane from Boeing or Airbus here in India.

These 500 new planes are going to transform Indian Airline market only. We will be using them for travel inside and outside India and it will increase jobs in India only.

Koi personal dikkat hai to apne personal level par bhadas nikalo not here name calling PM directly.

 

[FalconSlayers]

only 2 factories around thw world

Facepalm.jpg

Airbus Tianjin doesn't exist

Stop calling PM clown. And Stop your obsession of declaring him a failure.

You're nobody to tell me

 

[Haldilal]

Ya'll Nibbiars as said The whole deal is less than 50 billion dollars in actual payments, and not some imaginary 100 to 125 billion dollars asking price, and a large part is leased, actual cost born by Tata by owning the aircraft is Much less at most 30 billion dollars over a decade. You don't need the actual order to make manufacturing in India. just a market case and the government support which we are lack now.

 

[SKC]

Facepalm.jpg

Airbus Tianjin doesn't exist

You're nobody to tell me

Yes, I am saying on to your face stop dropping down to low level and name calling our PM directly.

 

[FalconSlayers]

Yes, I am saying on to your face stop dropping down to low level and name calling our PM directly.

Why shouldn't I when he and his ministers were involved in this so-called 'private' deal? Opening an assembly line even if most components are still much better than importing whole aircrafts.

 

[Cheepek]

1M jobs in US?

Statement from President Joe Biden on Air India’s Historic Purchase of Boeing Aircraft | The White House

The United States can and will lead the world in manufacturing. I am proud to announce today the purchase of over 200 American-made aircraft through a historic agreement between Air India and Boeing. This purchase will support over one million American jobs across 44 states, and many will not...

www.whitehouse.gov

 

[FalconSlayers]

1M jobs in US?

Statement from President Joe Biden on Air India’s Historic Purchase of Boeing Aircraft | The White House

The United States can and will lead the world in manufacturing. I am proud to announce today the purchase of over 200 American-made aircraft through a historic agreement between Air India and Boeing. This purchase will support over one million American jobs across 44 states, and many will not...

www.whitehouse.gov

Direct and indirectly yes, 1 million jobs will be sustained due to this deal.

 

[jai jaganath]

1M jobs in US?

Statement from President Joe Biden on Air India’s Historic Purchase of Boeing Aircraft | The White House

The United States can and will lead the world in manufacturing. I am proud to announce today the purchase of over 200 American-made aircraft through a historic agreement between Air India and Boeing. This purchase will support over one million American jobs across 44 states, and many will not...

www.whitehouse.gov

 

[jai jaganath]

Direct and indirectly yes, 1 million jobs will be sustained due to this deal.

There were reports in Jan that goi is trying to get an assembly plant here but God knows it materialize or not

 

[Cheepek]

Looks like USofA will keep playing hardball, it's a big for us