Indian Economy: News and Discussion

[johnj]

Ah, let's embrace our delightful differences, for you seem to echo the tired echoes of yore, championed by our endearingly cautious (and understandably insecure ) IT experts, who seek solace in familiar words. The said populace now dances in the realm of denial, but fear not; for acceptance shall soon find its way, like a tardy guest at an anticipated gathering.

Artists too, not long ago, faced a similar tale. Behold their precarious stance now, teetering on the edge of irrelevance, as the enchanting world of generative AI inches closer. And lo, the programmers tread a parallel path, destined for a fate all too familiar.


Yeah and so were the printing presses—guess what it did to those thousands upon thousands of scribes?

So were tractors, harvesters, and a whole heap of other mechanized farming equipment. Guess what it did to the plowing animals and farm hands?

So were firearms; guess what happened to the archers?

So were tube artillery pieces—guess what it did to trebuchets and ballistae!!

So were tanks, and we all know what happened to traditional horse cavalry.

So were calculators, and just take a wild guess how that affected the job market.

I can go on and on, but you get the point.



And this is where you lost all your credibility—whatever little amount of it you had anyway.

According to you multi trillion companies going to collapse, US will lose 5 to 10 trillion $ and Indian turn into next Somalia, semiconductor industry complexly disappear and human race goes back into dark ages- great theory.
credibility - I predicted these layoff 6 years ago, and theses coding process started a way before that
Replacing old ones with new once is normal, no need to write a stupid essay, in software field it happed before and happen again, and goes on.

FYI- human population expanding, not decreasing, and job opportunities also increasing.
Do you know the difference b/w an animal vs a thing vs humans ?? FYI- we are not talking about animals, or a thing but about humans and FYI, in computing 8/16/32 bit CPU replaced by 64bit, P2/P3/P4 single core replaced by multicore ones. People still uses calculators. In simple, its not about horse cavalry/tank but about the horse rider/tank crew - horse rider replaced by tank crew and opportunity increased by 3x/4x for 1unit. When a person invented/invest a battle tank, they think it may eliminate need of horse rider, likewise when a company invest in automatic code generator, they know lots of people going to lose their jobs. Still you didn't replay about Japanese MBT.

 

[MrPresident]

Yup. I've observed the same with my visit to Uzbekistan and Tajikistan. Countries that are poorer than us per capita but have far cleaner cities. Soviets did a lot of work for them, but they didn't ruin it like we did. Even their medieval cities like Samarkhand and Bukhara have been maintained beautifully, keeping all the old buildings and narrow streets, but perfectly clean. A far cry from old delhi.

Few more suggestions

-remove all large posters on shops, like the ones saying Pepsi or pan parag.

-do not allow encroachment of sidewalks by buildings and shops

-remove all sand and bricks from the roads and sidewalks near construction areas. Force them to cover it up or keep it in large bins.

-motorcycles parked on sidewalks need to be impounded.

-building fronts should have a proper finish, brick or stone or any aesthetic material.

The problem with that is that the goverment will look cruel while doing so. That would be political suicide, we will have 24 hour news channel running interviews of people who have shops on footpaths. No one cares if there is a death on road due to no availability of footpath. We have to accept it that we are not capable of taking strong decisions. Just check what happened to Tina Dabi for doing her job.

In Bangalore We have long queues of Autos and Cabs parked right in front of Metro stations creating bottles necks and traffic, everybody know what needs to be done. But but but, Auto wallahs however rude and unruly will be come poor hard working and honest in front of camera and shows goverment to be inhuman.

 

[nongaddarliberal]

The problem with that is that the goverment will look cruel while doing so. That would be political suicide, we will have 24 hour news channel running interviews of people who have shops on footpaths. No one cares if there is a death on road due to no availability of footpath. We have to accept it that we are not capable of taking strong decisions. Just check what happened to Tina Dabi for doing her job.

In Bangalore We have long queues of Autos and Cabs parked right in front of Metro stations creating bottles necks and traffic, everybody know what needs to be done. But but but, Auto wallahs however rude and unruly will be come poor hard working and honest in front of camera and shows goverment to be inhuman.

Tina Dabi? She destroyed a Hindu migrant camp that was in the middle of a desert, which was disturbing no one. And it is the fault of the viewers and voters if they are swayed by these media narratives mentioned. We as a people have done this to ourselves as far as cities are concerned.

 

[MrPresident]

Tina Dabi? She destroyed a Hindu migrant camp that was in the middle of a desert, which was disturbing no one.

She got a complaint and only acted on it. At the end she is a govt servant, who can only take orders and cannot take decisions.

And it is the fault of the viewers and voters if they are swayed by these media narratives mentioned. We as a people have done this to ourselves as far as cities are concerned.

Exactly we only have ourselves to blame, we are too soft at heart.

 

[nongaddarliberal]

She got a complaint and only acted on it. At the end she is a govt servant, who can only take orders and cannot take decisions.



Exactly we only have ourselves to blame, we are too soft at heart.

It was her decision. She was not ordered to demolish it by anyone, that was her prerogative. IAS officers are very much the ones who take decisions on the ground unless overriden by politicians. The complaint came that there is a settlement. She could have gone to them and arranged for new accomodations before destroying the camp.

 

[MrPresident]

It was her decision. She was not ordered to demolish it by anyone, that was her prerogative. IAS officers are very much the ones who take decisions on the ground unless overriden by politicians. The complaint came that there is a settlement. She could have gone to them and arranged for new accomodations before destroying the camp.

I doubt, We never get a clear picture from the media. From what I understood is that it was an illegal settlement and there was a complaint about it and she acted on to clear the encroachment. It could be a bad example too. However point remains, we are soft hearted and sure if any clean up drive is ordered that person will be villified.

 

[nongaddarliberal]

I doubt, We never get a clear picture from the media. From what I understood is that it was an illegal settlement and there was a complaint about it and she acted on to clear the encroachment. It could be a bad example too. However point remains, we are soft hearted and sure if any clean up drive is ordered that person will be villified.

I agree with urban cleanups, just that this was a very bad example to bring up for that point. This settlement was in the middle of nowhere, not in some busy street. And these are the people who are entitled to the refugee accomodations in Delhi which rohingyas and bangladeshi rats take up.

 

[Suryavanshi]

@MrPresident

Very tactically sited the example of Hindu migrants.

 

[IndianEagle2000]

The US government can take upto 31.4 Trillion $ dept to fund their expenses. And they are going to default on their dept soon, if the Congress doesn't raise the dept limit. Which they are going to obviously.

This is the biggest financial scam going on. Every time they are able to default, they just raise the borrowing limit & all countries around the world are happy to take up the extra liquidity as their forex reserve.

Printing their own money & fund their own expenses, raising the global inflation as a result. Despicable.

US is nearing its debt default deadline. What is its impact on Indian economy? - India News

www-wionews-com.cdn.ampproject.org

 

[sauntheninja]

The problem with that is that the goverment will look cruel while doing so. That would be political suicide, we will have 24 hour news channel running interviews of people who have shops on footpaths. No one cares if there is a death on road due to no availability of footpath. We have to accept it that we are not capable of taking strong decisions. Just check what happened to Tina Dabi for doing her job.

In Bangalore We have long queues of Autos and Cabs parked right in front of Metro stations creating bottles necks and traffic, everybody know what needs to be done. But but but, Auto wallahs however rude and unruly will be come poor hard working and honest in front of camera and shows goverment to be inhuman.

Autos not needing any safety mechanisms is crazy the way they drive it's so dangerous. Removing autos from streets will make a cities a lot better fast

 

[Suryavanshi]

Autos not needing any safety mechanisms is crazy the way they drive it's so dangerous. Removing autos from streets will make a cities a lot better fast

Can't remove autos without widening the roads.
A good chunk of our cities don't have proper footpath in a narrow roads.
So people are forced to get on the already narrown roads.
Auto is successful in India be because it meets its needs and standards.

 

[Samej Jangir]

According to you multi trillion companies going to collapse, US will lose 5 to 10 trillion $ and Indian turn into next Somalia, semiconductor industry complexly disappear and human race goes back into dark ages- great theory.
credibility - I predicted these layoff 6 years ago, and theses coding process started a way before that
Replacing old ones with new once is normal, no need to write a stupid essay, in software field it happed before and happen again, and goes on.

FYI- human population expanding, not decreasing, and job opportunities also increasing.
Do you know the difference b/w an animal vs a thing vs humans ?? FYI- we are not talking about animals, or a thing but about humans and FYI, in computing 8/16/32 bit CPU replaced by 64bit, P2/P3/P4 single core replaced by multicore ones. People still uses calculators. In simple, its not about horse cavalry/tank but about the horse rider/tank crew - horse rider replaced by tank crew and opportunity increased by 3x/4x for 1unit. When a person invented/invest a battle tank, they think it may eliminate need of horse rider, likewise when a company invest in automatic code generator, they know lots of people going to lose their jobs. Still you didn't replay about Japanese MBT.

Fall of USA is certain and the fall of current petroleum based world order is also certain as petroleum is not permanent. However, this scenario is far too complex and will not involve jus the USA. any and every country will collapse and a new world will have far different borders and much lower population and so on. the path will be bloody and brutal and the world will go back to the lifestyle of 1900s. This is also a certainty.
However, the expalanation is extremely complex and I would not want to navigate that complexity in this forum. Merely because you don't want the world to go to the dark ages and are cowardly to face harsh realities of life does not mean it is all wrong.

 

[MrPresident]

@MrPresident

Very tactically sited the example of Hindu migrants.

Chill brother, I am as pro Hindu migrant settlement in India as you are. I was only citing the way way administration works in India.

 

[Suryavanshi]

Chill brother, I am as pro Hindu migrant settlement in India as you are. I was only citing the way way administration works in India.

Sorry mate. Had to be careful the opposition is getting extra crafty these days.

 

[johnj]

Fall of USA is certain and the fall of current petroleum based world order is also certain as petroleum is not permanent. However, this scenario is far too complex and will not involve jus the USA. any and every country will collapse and a new world will have far different borders and much lower population and so on. the path will be bloody and brutal and the world will go back to the lifestyle of 1900s. This is also a certainty.
However, the expalanation is extremely complex and I would not want to navigate that complexity in this forum. Merely because you don't want the world to go to the dark ages and are cowardly to face harsh realities of life does not mean it is all wrong.

What are you saying ? Its about IT sector, and our depends on foreign IT companies & FDI not about petroleum, & our dark ages, hunger and poverty

 

[shade]

Samsung even assembles their screens here but all their fabs are in SK

Yes, this is what I was saying, they have more of the supply chain here than your Lava & Micromax simply because they are a huge MNC and can afford to have long term supply chain re-organization plans.

Anyway Lava and Micromax both double up as ESDM partners too for 3rd party companies so they could too in the future have more of the supply chain and component manufacture in India.

 

[jai jaganath]

They have a factory here, It's defintely assembled here.

Baaki ka the parts in it by value like the ICs, battery cell, screen etc are produced by Taiwan, US, Japan, Korea or China if it's some chindi, low quality ICs, so they can't be produced here without there being Fabs.

Anyway don't fall into the librandu dichotomy of "assembled" vs "made" in India, since "made in China" items are also largely assembled there, which is why 11, Jinping chants "dual circulation" and wants to produce all top end ICs in China instead of being a ghulam of imports from the above mentioned countries.


If you want more Indian contribution in your smartphone by value you're better off buying some Samsung phone, since they sell enough here to warrant indeginizing their supply chain + it's also one of their company goals to diversify.

Cheeni brands sell more than Samsung but their Make in India is only out of necessity to protect profit margins, setting up an assembly shop for Make in India phones from CKD parts is cheaper than Modi baba eating 20% in import duty and later 18% in GST per phone you sell to chindi Yindo customers

Micromax, Lava etc sell very little, so when you buy their stuff it's for Indian company/branding reasons, there is no other benefit

So indigenous content according to u
Samsung>>>>Lava

 

[shade]

So indigenous content according to u
Samsung>>>>Lava

Yes because they can afford it.
Micromax and Lava are smaller companies with negligible market share in Indian smartphone market under their own brand, even for other brands they aren't on Foxconn level so it's minor players like Nokia making phones via them and not Xiaomeme.

For subcomponents it is too much of a burden for them to produce them here rather than import from PRChongland

 

[Hari Sud]

India’s GDP crossed $3.5 trillion mark in 2022, says Moody’s

India's GDP growth is expected to remain strong going forward though some challenges may be posed by bureaucratic hurdles and lack of clarity on how to set up businesses and securing clearances.

www.news9live.com

Most likely the figure of $4 trillion GDP will be crossed in 2023/24.

 

[Cheran]