Indian Economy: News and Discussion

omaebakabaka

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Yeah saw this. Lets see how Google reacts.

Last thing we need is a major confrontation with Google without having an alternative followed by a grand capitulation. Too much of trash talking by Ashwini. These negotiations should ideally take place behind closed doors instead of public grandstanding. A snub from Google is the last thing we need going into elections.
Well, all cowards adn wimps are afraid of doing something. There is simply no other market for their bullshit offerings now.....their search is useless. Maps is probably their only useful product now and there are alternatives for everything else. Let them leave, you can lure Yandex, VK and so on or finally go domestic or partner with them. Do you know Google maps does not function in South Korea and very limited? They do fine....let them leave and make sure door is shut for google, netflix, amazon and so on. These are easy to replicate domestically. Fuck google....even Microsoft is an option.
 

notaname

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Well, all cowards adn wimps are afraid of doing something. There is simply no other market for their bullshit offerings now.....their search is useless. Maps is probably their only useful product now and there are alternatives for everything else. Let them leave, you can lure Yandex, VK and so on or finally go domestic or partner with them. Do you know Google maps does not function in South Korea and very limited? They do fine....let them leave and make sure door is shut for google, netflix, amazon and so on. These are easy to replicate domestically. Fuck google....even Microsoft is an option.
There is Google maps alternative in India which is called Mappls by mapMyIndia, so we already got that, other things we can build anytime we want due to the talent pool availability to us.
 

another_armchair

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Well, all cowards adn wimps are afraid of doing something. There is simply no other market for their bullshit offerings now.....their search is useless. Maps is probably their only useful product now and there are alternatives for everything else. Let them leave, you can lure Yandex, VK and so on or finally go domestic or partner with them. Do you know Google maps does not function in South Korea and very limited? They do fine....let them leave and make sure door is shut for google, netflix, amazon and so on. These are easy to replicate domestically. Fuck google....even Microsoft is an option.
That truly describes corporate India in one sentence.

Let them leave, you can lure Yandex, VK and so on or finally go domestic or partner with them.
Yes. That's the right approach. Dump one(Google) and leave your balls in the hands of another(Microshaft or whichever) for them to squeeze at will.
 
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omaebakabaka

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That truly describes corporate India in one sentence.



Yes. That's the right approach. Dump one(Google) and leave your balls in the hands of another(Microshaft or whichever) for them to squeeze at will.
Any company is better than US ones as they are tools of their "NGO's", they seem to focus more on flaring up troubles and politics than business....you are off not to notice the influence of western's tech like google, netflix and amazon and what they eventually push onto us...media liberalized by congress has brought in so much bullshit and ruining the core of Indian culture not to mention they are generally anti-Hindu/India. These shitty service companies are same, subtly pushing all sorts of agenda by repetition via their productions, partnerships and so on subconsciously normalizing the acceptance or making society indifferent.

Google is eating shit in their own home base. No idea what your concern is, its services are literally shit now. Good riddance is what I would say if they leave.
 

AnantS

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That truly describes corporate India in one sentence.



Yes. That's the right approach. Dump one(Google) and leave your balls in the hands of another(Microshaft or whichever) for them to squeeze at will.
Well understand frustration when asked in one of the big IT companies seminar, it's OK to have IBM as role model in consulting but when are you going to transition to product development. Answer : is never going to transition from role of consulting sourcing to product companies. This was answer recieved almost 2 decades back.

India can start it's own ecosystem by buying off one off the off beat Linux based Mobile OS(Sailfish OS) or QNX based OS. Have a standard medium capable sanitized mobile phone nanufactured by one of the assemblers here and distribute it to Armed forces as well families via CSD subsidized. Develop your own app ecosystem for captive audience and the slowly roll out to masses.
 

AnantS

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Any company is better than US ones as they are tools of their "NGO's", they seem to focus more on flaring up troubles and politics than business....you are off not to notice the influence of western's tech like google, netflix and amazon and what they eventually push onto us...media liberalized by congress has brought in so much bullshit and ruining the core of Indian culture not to mention they are generally anti-Hindu/India. These shitty service companies are same, subtly pushing all sorts of agenda by repetition via their productions, partnerships and so on subconsciously normalizing the acceptance or making society indifferent.

Google is eating shit in their own home base. No idea what your concern is, its services are literally shit now. Good riddance is what I would say if they leave.
All US MNC introduced woke policies in India too once democrats were in power.
 

omaebakabaka

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All US MNC introduced woke policies in India too once democrats were in power.
Its just unrestrained but tech was always woke but still sensible. India has much to lose and lost a lot by liberalizing the media and turning a blind eye to social companies and service companies like google. It is not worth whatever money they bring in....no good will ever come trusting their globalist truly evil companies. Its about time as innovation is not that high coming from google or facebook or others except in more ad clicking. Everything else they contribute is open sourced and free for most of world to improve on.

Both China and Russia get it, India too dumb and incapable and too slow moving beyong coolie thinking.
 

mokoman

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Its just unrestrained but tech was always woke but still sensible. India has much to lose and lost a lot by liberalizing the media and turning a blind eye to social companies and service companies like google. It is not worth whatever money they bring in....no good will ever come trusting their globalist truly evil companies. Its about time as innovation is not that high coming from google or facebook or others except in more ad clicking. Everything else they contribute is open sourced and free for most of world to improve on.

Both China and Russia get it, India too dumb and incapable and too slow moving beyong coolie thinking.
PLA still uses XP , these things are hard , most innovations on tech - take AI for example , come from west - US especially . we will reliant on west/US for long long time to come .

with AI tools coming everything will move to cloud , every document/source code/data/chat will be send abroad to a server in west for processing . lot of chances of abuse by CIA/NSA/etc . might as well just accept it at this point .
 

omaebakabaka

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PLA still uses XP , these things are hard , most innovations on tech - take AI for example , come from west - US especially . we will reliant on west/US for long long time to come .

with AI tools coming everything will move to cloud , every document/source code/data/chat will be send abroad to a server in west for processing . lot of chances of abuse by CIA/NSA/etc . might as well just accept it at this point .
Two different things, we might as well fold as a country and have a governor general appointed again with this attitude. But no, world is changing and you will see options coming out in tech space too very soon. XP is relevant as lot of scada and other software still runs on XP embedded but this is not relevant for data center OS which is mostly Linux and open source. Even desktops, one can easily start using Linux distro and not even feel need for windows unless you consider playing most recent game at most optimal experience is a national necessity. Ofcourse US controls lot of tech from chips to OS to other stuff but they can't afford to play black or white games all the time with everyone. Kick the tech giants in service and entertainment space from west if they don't stick to their core business and introduce competetion and domestic optons by investing. Our IT companies are shit and no use in even considering them as options. Center needs a DRDO/ISRO style org for IT and software with core focus and seperate ministry
 

omaebakabaka

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Indian cities as described by NRI_jeets

View attachment 242679
There is a pattern in this picture and not ugly at all, Indian cities are random collection of ugly filth like look speaking as native.....villages, well they could be beautiful even if minimal but slow metamorphosis is making them extinct. Taking stairs going up in quality but elevator going down in reaching bottom denominator. This is what happened in India. No wonder we like Jaipur, Udaipur and old temple towns and so on (not the encroachments but what they were before invaders)....to be able to plan and have a system in place to build towns and cities is a mark of civilization. Randomly shitting here and there is well whatever and our city planners coming through quota have shit in their brains and can only do so much.
 

RoaringTigerHiddenDragon

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Our economy is already much bigger than what nominal data suggest.

The problem is USD vs INR has been falling.
Almost all asean currency are stronger than INR. If pci has to rise fast in dollar terms rupee will have to rise against dollars.

I was hoping for manufacturing expansion to improve INR but that hasn't been realised yet. Increasing trade in rupees may be useful but will take long time.

If we could get 40 INR to USD instead of present 83 our economy doubles in dollar terms so does per capita income 😂

Look at the Chinese example

Yuan was stable @8.27 against dollar in 2005. By 2014 it strengthened to 6.04 against dollar.
That is 27% rise against USD in 9 years.

Result Chinese economy size in USD went from 2.285 trillion in 2005 to 10.475 trillion in 2014. Basically it grew 4.5 times in just 9 years.

If on the other hand INR has been loosing against dollar.

If INR rises 27% against USD than we will have 1 USD @ 60.55 rupees.
Than economy size will be 5.6 trillion USD already instead of 4.11 trillion.

Anyways I still think rupees rise is inevitable. CAD is declining fast and trade in rupees is rising slowly .

The true expansion in Indian economy will take place when rupee will reserve it's trend against dollar and start strengthening fast.
This requires that our exports don’t fall when rupee appreciates as items will become more expensive for importers. That means we need to be at a position where it is difficult for importers to source products from other markets even if the ru-we appreciates drastically. This is the position china was at and therefore they allowed yuan to appreciate. By the way China has 2 currencies - yuan which is for trade and renminbi the local currency which is not at all convertible. The yuan is not accessible to ordinary Chinese. So the CCP’s ways of currency manipulation does not apply to any other country including India.
We need to gain leadership position in exports. That is we need to export quality and secure products at lower costs. Chinese couldn’t do this. They had lower costs ok but not quality and security. This is our sweet spot. Do this well and we will be the exports leader for a long time. For example, we can be a massive defense exporter as India is trusted a lot more than China ever can be.
Let’s also not forget services. For instance we are still massively underperforming on global health tourism, regular tourism, logistics, urban and rural infrastructure services (city planning, digitization, landscaping, trash collection, water and sewer management etc.), transit oriented development (including retail), high quality energy infrastructure, sports services etc.
‘But overall we are moving towards the position of quality, ethical, secure exporters at best possible costs. This can already be seen in exports of:
- pharmaceuticals
- automobiles
- farm equipment
- defense equipment
- railways
- toys
- skilled labor
- medical tourism
- GCCs
- high end textiles

But more can be done. It is also important that we don’t turn arrogant like China and piss off buyers. India’s soft power and ethical branding should be leveraged to gain pre-eminent position in global exports.
 

RoaringTigerHiddenDragon

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Obviously the survey does not include the value of those women who decided to stay home to raise the future generation. Don't get me wrong. I am all for equality but we should never ignore how important the role of a stay home mom or stay home dad in the maturing of children to adulthood.

Come to the US and see the kids of those parents who work 70 hours a week. Pampered, drugs, alcohol, entitled and totally devoid of any realities of the world. Also, it is very well known if both parents are working, the population growth rate takes a major hit. Yes, even India needs to continue 2% growth rate, otherwise 30+ years from now India will have a major demographic problem.
Some stats like women empowerment needs very careful consideration. We cannot use western ideas here which have devastated their family structure. Extreme capitalism like in the US and China leads to a miserable country. We need to be different. We should never pressure women in India to take up employment. If they want to, fine , but don’t guilt them into it or chase stats like women involvement in work. Many women feel empowered when they raise children and are in charge of household finances. Western economic ideas do not work for us. We need to develop in our own ways.
 

RoaringTigerHiddenDragon

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PLA still uses XP , these things are hard , most innovations on tech - take AI for example , come from west - US especially . we will reliant on west/US for long long time to come .

with AI tools coming everything will move to cloud , every document/source code/data/chat will be send abroad to a server in west for processing . lot of chances of abuse by CIA/NSA/etc . might as well just accept it at this point .
AI is overblown and hyped up. India does not need deep AI to grow. AI is ok in productivity apps like Microsoft does or computer vision/robotics apps. But these are shallow AI and not deep AI. Driverless cars, large language models and other mechanisms that use deep AI is still in hype cycle. In any case these are not applicable to Indian conditions. No AI will be able to map out Indian traffic where a cow can come in any time or people drive in the opposite direction even on an expressway. lol. Don’t fall for American tech hype. Most of it is just get rich quick schemes leaving public investors to hold the losses after IPO. Google’s 90% of revenues still comes from “advertising” and this entire advertising is such an opaque business. I have never ever clicked on a google ad to buy anything. And I don’t know that many people who have clicked on Google ads to get anything. Yet they are minting hundreds of billions through round trip of ad serving.
 

HariPrasad-1

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Thank you .. Just to add.. she was blessed with historically lowest crude prices also during her regime.. Come what may .. Excise was increased / Decreased or tweaked in such manner that petrol was always above 94 / 95 mark so collection was never dull. On top, they carefully moved everything into 12 % or 18% GST mark.. Have she done a single reform for those who voted them barring that "TAX PAYER CHARTER" & " THANK YOU TAX PAYERS" in each budget...NIL...

yeah, they have paid back double to their masters, with lower corporate taxes et all.... and various failed PLI Schemes...

Have she done anything extra ordinary.. nope.. she got all on platter helped by kaka wave who we all trust with closed eyes.. so when kaka said buy locally we bought in hordes pushing GST to north month O month.. As a FM she is hardly known......I would still rate MMS + PNVR high on everyone else since 1947 for what they did and the direction they took us into..
I fully agree with you. They have done the same with Hindus as well by just removing Article 370 and Ram mandir which happened because of Only of few Good judgement by our corrupt judiciary. Look at the situaltion Ayush Mantralay. No initiative to promote Ayurved. Look what that bastard judge said in Patanjali case. He is pushing country to a situation where cheap and effective ways of treatment affordable to masses closed. This idiot judge gave a judgement that you can not claim to cure the decease though one has cured thousands of such cases. BJP government inspite of 10 years being in power has done nothing to remove such British Raj laws and promote Indian system. They knows very well that Medium class Hindus does not have any option but to vote for BJP and that is why they have misused this "No option" situation of Hindus. Inspite of 10 years of being in power. Waqf act, Places of worship act and act to Control Hindu temple is not being Removed. They have taken Middile class and Hindus fro a ride.
 

HariPrasad-1

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Xi hates bubbles. True. No wait...


No Matter what Xi does, China has outlived its economic glory period and fall of China is inevitable from here. Dictatorship of Xi has ruined Chinese economy and society. That can not be reversed from this stage. I have written off China. New Economic rising stars will be India, Vietnam, Indonesia. Wherever Indian culture is spreading will do batter. Where there is communism, Islam and Christianity is predominant, those countries will sink. No one can save them.
 

HariPrasad-1

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this has been discussed to death since 2016, the current govt tried explaining many times, the media at that time was on congress bachao campaign, didn't let the govt's response filter thru without media's spin, now a days the current govt is not even trying to explain, they are simply saying we need the tax money to build xyz. they seem to have realised, no matter how much they try to explain, their messaging is always prone to misinterpretation in media and SM for most part.
What they explained was just an eye wash. Look at the excise collection figures. They are mind boggling and every time they have surpassed the prediction by a huge margin. Excise duty of Rs 19 instead of 4 is a 375% an additional burden.

I believe that this was a right thing to do but the excuses given are baseless. This additional money has helped Indian economy to survive in bad times and helped government to increased planned expenditure.
 

HariPrasad-1

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This is a great Initiative. We happened to be more and more dependent on China for such products which could have been a manufacturing disaster in bad lime like war. We should ensure that we are not dependent on any single country totally for any input which includes bulk drugs or electronic component or anything else. We had a Chip crisis (Used in automobile some time ago). We just faced issue of Arjun MK1 A engine from Germany.
 

rockdog

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This requires that our exports don’t fall when rupee appreciates as items will become more expensive for importers. That means we need to be at a position where it is difficult for importers to source products from other markets even if the ru-we appreciates drastically. This is the position china was at and therefore they allowed yuan to appreciate. By the way China has 2 currencies - yuan which is for trade and renminbi the local currency which is not at all convertible. The yuan is not accessible to ordinary Chinese. So the CCP’s ways of currency manipulation does not apply to any other country including India.
WTF is this?

"yuan which is for trade and renminbi the local currency which is not at all convertible. The yuan is not accessible to ordinary Chinese." ??? ??? ???

Yuan is renminbi

renminbi is official name of Chinese curreny. And Yuan is the unit!


1 dollars = 7 Yuans. 1 Yuan =10 Jiao like 1 dollar = 10 cents ...
 

ezsasa

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What they explained was just an eye wash. Look at the excise collection figures. They are mind boggling and every time they have surpassed the prediction by a huge margin. Excise duty of Rs 19 instead of 4 is a 375% an additional burden.

I believe that this was a right thing to do but the excuses given are baseless. This additional money has helped Indian economy to survive in bad times and helped government to increased planned expenditure.
sure, how does taxpayers being only 1% of the population fit into this argument?
 

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