Indian Economy: News and Discussion

vin bharat mahan

Kumaoni, Uttarakhand
Senior Member
Joined
Jan 7, 2023
Messages
1,151
Likes
3,778
Country flag
Samsung doesn't have a single laptop under 75k INR. i think it will fairly cover the market Samsung intended for .
Unless samsung is building low cost Laptops there as OEM for other brands .

Onus is on other brands to open assembly lines for mid range laptops.
sir ji samsung ka 75000 se niche ek model available hai.... Flipkart me nd Amazon me iska price 60000 hai. with decent specs. but yes its a privious year model, new model is galaxy book 3.

Screenshot_20230927-115225.jpeg


Screenshot_20230927-115205.jpeg
 
Last edited:

NutCracker

Senior Member
Joined
Jun 17, 2022
Messages
4,624
Likes
24,873
Country flag
sir ji samsung ka 75000 se niche ek model available hai.... Flipkart me nd Amazon me iska price 60000 hai. with decent specs. but yes its a privious year model, new model is galaxy book 3.

View attachment 224036

View attachment 224037
Hmhm
i5 12th gen, but 8gb soldered, non expandable.
:creepy:
Stock clearance hoga.

Still , for samsung 70000 annual production is good for starters.
 

Bharatiya

Regular Member
Joined
Jun 2, 2022
Messages
499
Likes
3,672
Country flag

Why the sudden surge of Blackpilling and Pessimism in some of the members?

Versus China:
We are currently behind them in Infrastructure and of course Manufacturing Base. But we are playing catch up in Infrastructure.

And we don't need to have as shiny cities and as many high speed trains as them to start reaping the benefits. Once we hit the threshold that makes us attractive to manufacturing, we'll see more and more companies flocking here.

Why be so down trodden about Samsung setting up a factory here, even if it's the most basic assembly? Do you expect them to invest billions without doing a trial run? And even if they don't do anything other than factory, it's still better than nothing.

Instead of comparing with China today, see China's trajectory. It took time for China to build the manufacturing base. The growth in the first phases had been slow. And then, once a threshold is passed, it accelerated.

We're in that hard phase now.

That video on Why India Is Not China is more blackpilling than an economic analysis. Having problems doesn't mean you aren't going to win—India today has been willing to solve the problems.

The guy presenting the video is misreading current problems to be unsolvable at best and is deliberately dencouncing India's potential at worst.

Point 1: Size of China's manufacturing and Point 2: India neglected manufacturing:
That's why we are playing catch up now and trying to figure out. This is a work in progress. There are several big obstacles to be tackled here and they will be tackled post-election.

Point 3: China dominates traditional manufacturing:
Steel, Cement are the examples he gave.

While stating "These are two industries vital for future economic growth."

Everything needs to be taken in context. Here, it is certainly inappropriate. China has gone down the road of overbuilding.

Its constructions are not in response to demand, do not consider sustainability. China builds for the sake of building—to keep the economy going. They see Infrastructure as another engine of economy—far too much for their good.

Now they've put themselves in a position that they CANNOT stop the scale of their buildings. Even though the demand has already diminished, the production has not.

If they really try, tens of millions will be unemployed and big companies will be thrown into chaos. A chain reaction will hit their economy. The real estate housing crisis is only a part of this bigger bubble.

India needs to scale up infrastructure and in doing so, pull up its national steel and cement champions. This is not an indicator for why India is not next China. It's a ridiculous point.

Point 4: China's share of global exports
Investments were made post 1990s that continue to bear fruit. China has made the right call and empowered its MSMEs. Hence the situation.

India is taking steps to empower its MSMEs. With the steps currently being taken, it is rational to assume our share of global exports will start rising.

Point 5: The Chinese Ecosystem
Took time to be built. India is in its nascent state of manufacturing. Indian ecosystem will also be built and it will take time, but it will be built faster than Chinese ecosystem, no doubt.

For instance, Start Up Culture is just a decade old phenomenon.

Commentary: India is 10-15 Years Behind China
Of course. We wouldn't be working to catch up with them otherwise. But I'd be careful using numbers. Because of the technological progress, time taken to catch up has changed drastically.

The youtuber points out the near stagnation of manufacturing as % of GDP. It's a correct observation for the past. But to project future off it is disingenuous without a proper study into why the stagnation even happened.

If economics is as simple as looking at a bunch of numbers and predicting future, economists would all be millionaires.

The stagnation had multiple reasons—most prominent being: lack of Infrastructure, looming banking crisis.

Point 6: India needs Chinese materials to manufacture

The youtuber is making a correct observation of an event—India imports a lot of stuff to manufacture the final product.

But he's making an incorrect projection. That India will keep doing so.

Local manufacturing for components will pick up eventually. China hasn't started doing 100% local manufacturing from day 1. It still doesn't.

Point 7: India's Infrastructure Problems
The youtuber states India's number 1 problem is Lack of Infrastructure.

That's something many can agree on. That's precisely why he shouldn't make a pessimistic projection because Indian govt is spending more and more on Infra every year. There is visible change all across the country in just 9 years. This will continue and snowball.

Note: The youtuber showed a normal road with lots of people, autos in the middle of a city while playing this part. Why? Aren't freight trains, large roads and ports more important? Poverty porn much?

The problems he raised are all ironically things that are already identified and are being improved.

One more lazy comparison being made:

India's express ways are 4,000 km compared to China's 160,000 km.

Again, this is an accurate observation of current state but is a bad, bad predictor of future. The youtuber only taken snaps and knows nothing of trajectory.

India's expressways were barely 1,000 on 2014. By end of 2024, they're going to hit 5,000. 5X in 10 years.

And two more factors to keep in mind:
1. India's land area is nearly 3 times smaller than China's.
2. China doesn't built for the sake of demand, it has long passed that point. It now builds for the sake of economy.

Freight trains is another point—which is already being worked upon and with noticeable progress being made.

Point 8: India's Bueracracy
It is on PMO's agenda to fix out this problem. They have acknowledged this and if the past records say something, they might already have a plan to implement in their third term.

One more thing to note is that with digitization, we have specific areas where we are better than the western nations. Digitization is going to continue and things will get simpler.

It is a problem that's being identified and will be tackled.

Point 9: India's Labor Issues

Upskilling is a thing. Given the ecosystem and government, it is a matter of time before it scales up. Even if you don't want to consider that, there is already progress being made in this specific issue.

Again, cheap internet basically gives both the govt and private sectors a massive lever in helping upskill the youth of country. Moreover, once the manufacturing does rise, they will get skilled for the jobs.

Point 10: Technology and R&D
Indian govt and people alike acknowledge this problem. GOI has started the baby steps in this direction by establishing National Research Foundation Center.

Also, an important point to be made here: When you don't have manufacturing, you don't have much to research for.

As manufacturing grows, local champions grow, they will invest for their own benefit and an ecosystem will be formed which will help everyone.

Conclusion:
This youtuber has taken snaps—current state of India in various fields and is giving out a trajectory.

As our own eminent economist K.Subramanian said in the interview that exposed the opposition's lies on economy, "There is no base without comparison." In other words, Trajectory.

The blackpilling folks can blackpill. The ones without confidences can live without confidence. The ones who already accepted defeat can continue to demean India on all Social Media.

The people who can see the changes happening are optimistic and find even more drive to do better in their own lives.

Bharat has a lot of problems. But it also a lot of solutions to try solve those problems.

It won't happen overnight. We'll stumble on the way. Many policies might fail, but the few that succeed and succeed spectacularly, they'll definite the trajectory and build the future of our civilizational state.
 

RoaringTigerHiddenDragon

Senior Member
Joined
Sep 5, 2020
Messages
3,728
Likes
16,358
Country flag

tsunami

Senior Member
Joined
Jul 20, 2015
Messages
3,160
Likes
14,876
Country flag

Why the sudden surge of Blackpilling and Pessimism in some of the members?

Versus China:
We are currently behind them in Infrastructure and of course Manufacturing Base. But we are playing catch up in Infrastructure.

And we don't need to have as shiny cities and as many high speed trains as them to start reaping the benefits. Once we hit the threshold that makes us attractive to manufacturing, we'll see more and more companies flocking here.

Why be so down trodden about Samsung setting up a factory here, even if it's the most basic assembly? Do you expect them to invest billions without doing a trial run? And even if they don't do anything other than factory, it's still better than nothing.

Instead of comparing with China today, see China's trajectory. It took time for China to build the manufacturing base. The growth in the first phases had been slow. And then, once a threshold is passed, it accelerated.

We're in that hard phase now.

That video on Why India Is Not China is more blackpilling than an economic analysis. Having problems doesn't mean you aren't going to win—India today has been willing to solve the problems.

The guy presenting the video is misreading current problems to be unsolvable at best and is deliberately dencouncing India's potential at worst.

Point 1: Size of China's manufacturing and Point 2: India neglected manufacturing:
That's why we are playing catch up now and trying to figure out. This is a work in progress. There are several big obstacles to be tackled here and they will be tackled post-election.

Point 3: China dominates traditional manufacturing:
Steel, Cement are the examples he gave.

While stating "These are two industries vital for future economic growth."

Everything needs to be taken in context. Here, it is certainly inappropriate. China has gone down the road of overbuilding.

Its constructions are not in response to demand, do not consider sustainability. China builds for the sake of building—to keep the economy going. They see Infrastructure as another engine of economy—far too much for their good.

Now they've put themselves in a position that they CANNOT stop the scale of their buildings. Even though the demand has already diminished, the production has not.

If they really try, tens of millions will be unemployed and big companies will be thrown into chaos. A chain reaction will hit their economy. The real estate housing crisis is only a part of this bigger bubble.

India needs to scale up infrastructure and in doing so, pull up its national steel and cement champions. This is not an indicator for why India is not next China. It's a ridiculous point.

Point 4: China's share of global exports
Investments were made post 1990s that continue to bear fruit. China has made the right call and empowered its MSMEs. Hence the situation.

India is taking steps to empower its MSMEs. With the steps currently being taken, it is rational to assume our share of global exports will start rising.

Point 5: The Chinese Ecosystem
Took time to be built. India is in its nascent state of manufacturing. Indian ecosystem will also be built and it will take time, but it will be built faster than Chinese ecosystem, no doubt.

For instance, Start Up Culture is just a decade old phenomenon.

Commentary: India is 10-15 Years Behind China
Of course. We wouldn't be working to catch up with them otherwise. But I'd be careful using numbers. Because of the technological progress, time taken to catch up has changed drastically.

The youtuber points out the near stagnation of manufacturing as % of GDP. It's a correct observation for the past. But to project future off it is disingenuous without a proper study into why the stagnation even happened.

If economics is as simple as looking at a bunch of numbers and predicting future, economists would all be millionaires.

The stagnation had multiple reasons—most prominent being: lack of Infrastructure, looming banking crisis.

Point 6: India needs Chinese materials to manufacture

The youtuber is making a correct observation of an event—India imports a lot of stuff to manufacture the final product.

But he's making an incorrect projection. That India will keep doing so.

Local manufacturing for components will pick up eventually. China hasn't started doing 100% local manufacturing from day 1. It still doesn't.

Point 7: India's Infrastructure Problems
The youtuber states India's number 1 problem is Lack of Infrastructure.

That's something many can agree on. That's precisely why he shouldn't make a pessimistic projection because Indian govt is spending more and more on Infra every year. There is visible change all across the country in just 9 years. This will continue and snowball.

Note: The youtuber showed a normal road with lots of people, autos in the middle of a city while playing this part. Why? Aren't freight trains, large roads and ports more important? Poverty porn much?

The problems he raised are all ironically things that are already identified and are being improved.

One more lazy comparison being made:

India's express ways are 4,000 km compared to China's 160,000 km.

Again, this is an accurate observation of current state but is a bad, bad predictor of future. The youtuber only taken snaps and knows nothing of trajectory.

India's expressways were barely 1,000 on 2014. By end of 2024, they're going to hit 5,000. 5X in 10 years.

And two more factors to keep in mind:
1. India's land area is nearly 3 times smaller than China's.
2. China doesn't built for the sake of demand, it has long passed that point. It now builds for the sake of economy.

Freight trains is another point—which is already being worked upon and with noticeable progress being made.

Point 8: India's Bueracracy
It is on PMO's agenda to fix out this problem. They have acknowledged this and if the past records say something, they might already have a plan to implement in their third term.

One more thing to note is that with digitization, we have specific areas where we are better than the western nations. Digitization is going to continue and things will get simpler.

It is a problem that's being identified and will be tackled.

Point 9: India's Labor Issues

Upskilling is a thing. Given the ecosystem and government, it is a matter of time before it scales up. Even if you don't want to consider that, there is already progress being made in this specific issue.

Again, cheap internet basically gives both the govt and private sectors a massive lever in helping upskill the youth of country. Moreover, once the manufacturing does rise, they will get skilled for the jobs.

Point 10: Technology and R&D
Indian govt and people alike acknowledge this problem. GOI has started the baby steps in this direction by establishing National Research Foundation Center.

Also, an important point to be made here: When you don't have manufacturing, you don't have much to research for.

As manufacturing grows, local champions grow, they will invest for their own benefit and an ecosystem will be formed which will help everyone.

Conclusion:
This youtuber has taken snaps—current state of India in various fields and is giving out a trajectory.

As our own eminent economist K.Subramanian said in the interview that exposed the opposition's lies on economy, "There is no base without comparison." In other words, Trajectory.

The blackpilling folks can blackpill. The ones without confidences can live without confidence. The ones who already accepted defeat can continue to demean India on all Social Media.

The people who can see the changes happening are optimistic and find even more drive to do better in their own lives.

Bharat has a lot of problems. But it also a lot of solutions to try solve those problems.

It won't happen overnight. We'll stumble on the way. Many policies might fail, but the few that succeed and succeed spectacularly, they'll definite the trajectory and build the future of our civilizational state.
Spot on

Comparing current China with India is not a correct way to make any projections. When china started becoming manufacturing hub it was no where near to developed western powers.

Whatever we compare Manufacturing Base, Skilled Labor, Infrastructure, R&D and technology etc. in all these area India is far better compared to China of 90s and early 2000s.

When people say India might replace China, no one is saying we can replace China in 2023. It's 10-15 years in future we are talking about.

One need to list down reasons why China need to be replaced in first place, list out those problems and then understanding the trajectory weather the situation is improving or getting worse.

Same has to be done in case of India, If we are discussing the issues India is struggling with today we need to understand if situation is improving or getting worse.

Then if we check results for India everything will be Improving and for China things are getting worse.

And this idiot is comparing over built high speed rail network and expressway, which are mostly Non-productive investments and a huge problem china is facing, calling it a disadvantage India is simply stupid.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,200
Likes
112,014
Country flag
Ya'll Nibbiars The MGL to invest 500 crore to set up Compressed Biogas (CBG) unit in Mumbai. In June, MGL had signed MoU with BMC. The plant will be Asia’s largest and will have capacity to process 1,000 tons of solid waste daily. The BMC will provide the segregated food anf vegetable waste, which it will collect from hotels, banquet halls and vegetable markets etc.
 

indus

Living in Post Truth
Senior Member
Joined
May 31, 2017
Messages
4,980
Likes
21,600
Country flag
Trashneer is true for a moment. These GST guys can be good archaeologists, as they dig out years old tax liabilities very well. I am in a Govt institution and GST people are asking us to reverse tax levied for transactions done five years back. When our books of those years have been passed by the concerned ministry and CAG as well. Now even if we would want to do it we cannot as it will mean changing audited accounts of Govt.
Worse is that while GST Dept is asking us to reverse tax paid, the same Dept is demanding tax on one of our associate institution which is a state govt entity for the same work that we have done.
Means for doing exactly the same thing GST Dept is demanding tax from one entity which did not pay, and sending notice for reversal from the one that did pay tax.
So paying tax is as much a crime as it is to not pay. Fact is the dept itself doesn't know whether that activity is taxable or not. Fcking morons.
:yawn:
 

Shuturmurg

Senior Member
Joined
Jan 9, 2022
Messages
2,913
Likes
20,883
Country flag

Why the sudden surge of Blackpilling and Pessimism in some of the members?

Versus China:
We are currently behind them in Infrastructure and of course Manufacturing Base. But we are playing catch up in Infrastructure.

And we don't need to have as shiny cities and as many high speed trains as them to start reaping the benefits. Once we hit the threshold that makes us attractive to manufacturing, we'll see more and more companies flocking here.

Why be so down trodden about Samsung setting up a factory here, even if it's the most basic assembly? Do you expect them to invest billions without doing a trial run? And even if they don't do anything other than factory, it's still better than nothing.

Instead of comparing with China today, see China's trajectory. It took time for China to build the manufacturing base. The growth in the first phases had been slow. And then, once a threshold is passed, it accelerated.

We're in that hard phase now.

That video on Why India Is Not China is more blackpilling than an economic analysis. Having problems doesn't mean you aren't going to win—India today has been willing to solve the problems.

The guy presenting the video is misreading current problems to be unsolvable at best and is deliberately dencouncing India's potential at worst.

Point 1: Size of China's manufacturing and Point 2: India neglected manufacturing:
That's why we are playing catch up now and trying to figure out. This is a work in progress. There are several big obstacles to be tackled here and they will be tackled post-election.

Point 3: China dominates traditional manufacturing:
Steel, Cement are the examples he gave.

While stating "These are two industries vital for future economic growth."

Everything needs to be taken in context. Here, it is certainly inappropriate. China has gone down the road of overbuilding.

Its constructions are not in response to demand, do not consider sustainability. China builds for the sake of building—to keep the economy going. They see Infrastructure as another engine of economy—far too much for their good.

Now they've put themselves in a position that they CANNOT stop the scale of their buildings. Even though the demand has already diminished, the production has not.

If they really try, tens of millions will be unemployed and big companies will be thrown into chaos. A chain reaction will hit their economy. The real estate housing crisis is only a part of this bigger bubble.

India needs to scale up infrastructure and in doing so, pull up its national steel and cement champions. This is not an indicator for why India is not next China. It's a ridiculous point.

Point 4: China's share of global exports
Investments were made post 1990s that continue to bear fruit. China has made the right call and empowered its MSMEs. Hence the situation.

India is taking steps to empower its MSMEs. With the steps currently being taken, it is rational to assume our share of global exports will start rising.

Point 5: The Chinese Ecosystem
Took time to be built. India is in its nascent state of manufacturing. Indian ecosystem will also be built and it will take time, but it will be built faster than Chinese ecosystem, no doubt.

For instance, Start Up Culture is just a decade old phenomenon.

Commentary: India is 10-15 Years Behind China
Of course. We wouldn't be working to catch up with them otherwise. But I'd be careful using numbers. Because of the technological progress, time taken to catch up has changed drastically.

The youtuber points out the near stagnation of manufacturing as % of GDP. It's a correct observation for the past. But to project future off it is disingenuous without a proper study into why the stagnation even happened.

If economics is as simple as looking at a bunch of numbers and predicting future, economists would all be millionaires.

The stagnation had multiple reasons—most prominent being: lack of Infrastructure, looming banking crisis.

Point 6: India needs Chinese materials to manufacture

The youtuber is making a correct observation of an event—India imports a lot of stuff to manufacture the final product.

But he's making an incorrect projection. That India will keep doing so.

Local manufacturing for components will pick up eventually. China hasn't started doing 100% local manufacturing from day 1. It still doesn't.

Point 7: India's Infrastructure Problems
The youtuber states India's number 1 problem is Lack of Infrastructure.

That's something many can agree on. That's precisely why he shouldn't make a pessimistic projection because Indian govt is spending more and more on Infra every year. There is visible change all across the country in just 9 years. This will continue and snowball.

Note: The youtuber showed a normal road with lots of people, autos in the middle of a city while playing this part. Why? Aren't freight trains, large roads and ports more important? Poverty porn much?

The problems he raised are all ironically things that are already identified and are being improved.

One more lazy comparison being made:

India's express ways are 4,000 km compared to China's 160,000 km.

Again, this is an accurate observation of current state but is a bad, bad predictor of future. The youtuber only taken snaps and knows nothing of trajectory.

India's expressways were barely 1,000 on 2014. By end of 2024, they're going to hit 5,000. 5X in 10 years.

And two more factors to keep in mind:
1. India's land area is nearly 3 times smaller than China's.
2. China doesn't built for the sake of demand, it has long passed that point. It now builds for the sake of economy.

Freight trains is another point—which is already being worked upon and with noticeable progress being made.

Point 8: India's Bueracracy
It is on PMO's agenda to fix out this problem. They have acknowledged this and if the past records say something, they might already have a plan to implement in their third term.

One more thing to note is that with digitization, we have specific areas where we are better than the western nations. Digitization is going to continue and things will get simpler.

It is a problem that's being identified and will be tackled.

Point 9: India's Labor Issues

Upskilling is a thing. Given the ecosystem and government, it is a matter of time before it scales up. Even if you don't want to consider that, there is already progress being made in this specific issue.

Again, cheap internet basically gives both the govt and private sectors a massive lever in helping upskill the youth of country. Moreover, once the manufacturing does rise, they will get skilled for the jobs.

Point 10: Technology and R&D
Indian govt and people alike acknowledge this problem. GOI has started the baby steps in this direction by establishing National Research Foundation Center.

Also, an important point to be made here: When you don't have manufacturing, you don't have much to research for.

As manufacturing grows, local champions grow, they will invest for their own benefit and an ecosystem will be formed which will help everyone.

Conclusion:
This youtuber has taken snaps—current state of India in various fields and is giving out a trajectory.

As our own eminent economist K.Subramanian said in the interview that exposed the opposition's lies on economy, "There is no base without comparison." In other words, Trajectory.

The blackpilling folks can blackpill. The ones without confidences can live without confidence. The ones who already accepted defeat can continue to demean India on all Social Media.

The people who can see the changes happening are optimistic and find even more drive to do better in their own lives.

Bharat has a lot of problems. But it also a lot of solutions to try solve those problems.

It won't happen overnight. We'll stumble on the way. Many policies might fail, but the few that succeed and succeed spectacularly, they'll definite the trajectory and build the future of our civilizational state.
That's one of those CCP paid "white monkey" who spouts CCP propaganda. They have paid off many such "investment influencers" because Chinese coverage has become negative in mainstream investment/business publications.
 

jai jaganath

Senior Member
Joined
Jul 3, 2022
Messages
5,028
Likes
8,518
Country flag
Mumbai…ultra super dense crushing load. Better add more lines. Hope with the metro the load goes down.

It's horrible
Utterly horrible
As I am everyday traveling through it, it's just worse for a financial capital of this scale
It's not only unsafe and deadly but decreases quality of life and mumbaikars don't deserve it
And people's attitude is far more worse they neither care for their safety nor others
Just don't get it how would they work if they get badly injured no matter how
And the trains are far worse and the scenes are just gutter and slums
U will get it why mumbai is called slum city
 

sauntheninja

Senior Member
Joined
Dec 16, 2020
Messages
1,872
Likes
5,213
Country flag
It's horrible
Utterly horrible
As I am everyday traveling through it, it's just worse for a financial capital of this scale
It's not only unsafe and deadly but decreases quality of life and mumbaikars don't deserve it
And people's attitude is far more worse they neither care for their safety nor others
Just don't get it how would they work if they get badly injured no matter how
And the trains are far worse and the scenes are just gutter and slums
U will get it why mumbai is called slum city
They are so obvious choke points that can be solved but the administration is useless. First if you increase the punctuality of trains the crowd automatically decreases. Trains are never on time in Central line always running 5-10 Minutes late. The main stations are crowded because they cater to different lines. Dadar acts as a interchange between Western and Central hence is always crowded. Thane between harbor and Central and poor folks beyond thane don't have any choice but to travel through trains because the roads are shit.
 

another_armchair

Senior Member
Joined
Feb 28, 2019
Messages
10,880
Likes
49,699
Country flag
They are so obvious choke points that can be solved but the administration is useless. First if you increase the punctuality of trains the crowd automatically decreases. Trains are never on time in Central line always running 5-10 Minutes late. The main stations are crowded because they cater to different lines. Dadar acts as a interchange between Western and Central hence is always crowded. Thane between harbor and Central and poor folks beyond thane don't have any choice but to travel through trains because the roads are shit.
What is the solution?

How long do these peak rush hour(s) last and are local trains along this route less crowded during non-peak hours if the concept applies to Mumbai locals.
 

Latest Replies

Global Defence

New threads

Articles

Top