Indian Economy: News and Discussion

Chandragupt Maurya

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escaped from poverty into what ? Statistics is a great tool to fiddle around with. Indeed a lot of people have escaped poverty but not into prosperity, rather into a state of vulnerability where they risk falling back into poverty incase of a major crisis. This is what we are witnessing right now.

And you made me laugh with your unemployment statement.Job opportunities are next to none and salaried jobs are a distant dream for the majority.
I am from engineering and manufacturing sector,the very sector that the government is trying to prop up with make in India dream .let me show you the mirror of reality.
Most companies are not looking at mass hiring .Rather they are actively seeking to replace men with machines where ever possible.AI enabled machines which are being deployed in large numbers will ultimately end not just repetitive jobs but those jobs that requires human supervision.
Therefore the government's dream of shifting the huge surplus agricultural labour force to industries will remain a pipedream.
On the top most companies love to hoodwink the system. Amongst the few people they do hire mostly consist of contractual workers and apprentices, most of whom are paid little above daily wage labourers and with scant employment benefits.

Neverthless jobs are still being created but is simply not enough to keep up with the growing population.




Is this supposed to be a joke ? have you looked at India's performance in global hunger index ? Perhaps you didn't realize that 70% of India lives in villages,have you ever looked at the dilapidated conditions there?
In the previous statement i talked about primary care,do you know what it means ? It's the shear lack of healthcare workers,doctors,medical and sanitary equipment because of which many people needlessly have to die from easily preventable causes.
Had India concentrated on primary healthcare instead of building apollo and fortis for the rich,it would have seen low infant and maternal mortality rates and certainly fewer dying of lack of beds and oxygen supply .





Even pakistan has one of the best expressways in South Asia which was built by south korea but still the country is a laggard in socio economic development.
So don't be under an impression that building roads and bridges alone will solve the issues.What UP and Bihar needs is a comprehensive socio economic development because as i said before those roads have no meaning if a woman is unable to travel freely even in daylight conditions.
And i sincerely hope BIMARU states develop and maybe beat TN and WB because their constant underdevelopment is pulling India back.
Bengal is nowhere near Tamil Nadu on any parameter whatsoever
 

HariPrasad-1

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Bengal is nowhere near Tamil Nadu on any parameter whatsoever
Religious and commie state always has a difference. WB is ruled by commies and subsequently super commie Mamta. WB will have to pay the price for electing wrong people. WB has gone upside down from top industrial state to the state of Maximum baggers. It will further go down with Mamta ruling it.
 

Chandragupt Maurya

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Religious and commie state always has a difference. WB is ruled by commies and subsequently super commie Mamta. WB will have to pay the price for electing wrong people. WB has gone upside down from top industrial state to the state of Maximum baggers. It will further go down with Mamta ruling it.
Yes But West Bengal will always directly benifit from the economic growth in Eastern , Central And Northern India (Bihar , Jharkhand MP and UP in Particular) because these landlocked states will use the port facilities in West Bengal for trade with Bangladesh and ASEAN countries
 
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RoaringTigerHiddenDragon

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The best bet is special economic zones look at Shenzhen the whole city was basically built from scratch in the last 30 years and was given a special economic zone status and look where is it now , rebuilding our cities now will take massive political will which will never happen just look at the metro shed issue and to do upgrades we basically need to shut the whole city down even as something as simple as the metro construction in Mumbai has led to traffic jams all over the place narrower roads and rise in pollution due to the dust .
yes...that is correct. Upgrading our old cities will be stalled by all the poverty politics leaders like the slum vote bank in Mumbai. Best is to declare a massive area near an old city as SEZ and make it into a shenzhen. Port access is a must. I would say the best is to declare a UT without local political parties like Diu or Daman SEZ and make them into massive hubs of efficient manufacturing, R&D etc. Since these UTs are under the central government, they can freely do so without much political nonsense. Goa could be turned into a top rate entertainment venue like Macao. Just compare Hong Kong and Macau versus Mumbai and Goa. Very similar situation [former British and Portuguese colonies and earmarked cities to become top global hubs]. And see how the congress royally screwed up.

The other major, major problem we have is neighborhood.
China is surrounded by Japan, S. Korea, Singapore, Taiwan, HongKong, Indonesia, Malaysia, Thailand - all really developed or upper middle countries.
India is surrounded by Afghanistan, Pakistan, Sri Lanka, Bangladesh, Nepal, Bhutan, Myanmar - all lower income or ultra poor. Occupied Tibet and Xinjiang also have very little economy to speak of. So, overall we are far away from all major economic centers with not even one advanced/developed economy in our neighborhood to take advantage of.
Neighborhood matters. Canada and Mexico would have not developed so much if they did not have the US as its neighbor. Morocco would not have developed much if it did not have Spain, Gibraltar as its neighborhood. Turkey's western part mostly developed due to proximity to EU neighborhood, Greece etc.
The only exception is Israel, which developed despite being in a pariah neighborhood like ours, thanks largely to generous US budgetary support. we do not have that luxury.
We should have really connected to ASEAN markets by and route by now through Myanmar. But look at what the fools in Myanmar are doing.
So we are in a tough, largely failed neighborhood with tiny, unsophisticated, low HDI economies that do not matter for us at all. That is why we have it much worse than China. We are really unlucky this way. That is why we need to work twice as hard to get investments, technology, and capture markets. Hope people especially politicians realize the need to work really hard to grow the country and not waste time with poverty politics.
 

mist_consecutive

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We need to set our priorities straight on who is a friend and who is not. A fence-sitting attitude is not gonna work.
 

Chandragupt Maurya

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yes...that is correct. Upgrading our old cities will be stalled by all the poverty politics leaders like the slum vote bank in Mumbai. Best is to declare a massive area near an old city as SEZ and make it into a shenzhen. Port access is a must. I would say the best is to declare a UT without local political parties like Diu or Daman SEZ and make them into massive hubs of efficient manufacturing, R&D etc. Since these UTs are under the central government, they can freely do so without much political nonsense. Goa could be turned into a top rate entertainment venue like Macao. Just compare Hong Kong and Macau versus Mumbai and Goa. Very similar situation [former British and Portuguese colonies and earmarked cities to become top global hubs]. And see how the congress royally screwed up.

The other major, major problem we have is neighborhood.
China is surrounded by Japan, S. Korea, Singapore, Taiwan, HongKong, Indonesia, Malaysia, Thailand - all really developed or upper middle countries.
India is surrounded by Afghanistan, Pakistan, Sri Lanka, Bangladesh, Nepal, Bhutan, Myanmar - all lower income or ultra poor. Occupied Tibet and Xinjiang also have very little economy to speak of. So, overall we are far away from all major economic centers with not even one advanced/developed economy in our neighborhood to take advantage of.
Neighborhood matters. Canada and Mexico would have not developed so much if they did not have the US as its neighbor. Morocco would not have developed much if it did not have Spain, Gibraltar as its neighborhood. Turkey's western part mostly developed due to proximity to EU neighborhood, Greece etc.
The only exception is Israel, which developed despite being in a pariah neighborhood like ours, thanks largely to generous US budgetary support. we do not have that luxury.
We should have really connected to ASEAN markets by and route by now through Myanmar. But look at what the fools in Myanmar are doing.
So we are in a tough, largely failed neighborhood with tiny, unsophisticated, low HDI economies that do not matter for us at all. That is why we have it much worse than China. We are really unlucky this way. That is why we need to work twice as hard to get investments, technology, and capture markets. Hope people especially politicians realize the need to work really hard to grow the country and not waste time with poverty politics.
A port City like Shenzhen or City built along riverine ports like chongqing and Wuhan and Hubei
ASEAN has Economy of more than 3 trillion dollars and Eastern and North Eastern Region Of India needs to get well connected with the ASEAN through Roadways Railways and Waterways
 

RoaringTigerHiddenDragon

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A port City like Shenzhen or City built along riverine ports like chongqing and Wuhan and Hubei
ASEAN has Economy of more than 3 trillion dollars and Eastern and North Eastern Region Of India needs to get well connected with the ASEAN through Roadways Railways and Waterways
Yeah we have a pathetic nation called Myanmar in between, who we have to please so they wont host NE India terrorists. Does China have such issues? These types of balancing acts is what holds us backward. We need to get stronger and find out some unconventional ways to establish connectivity with Thailand all the way down to Malaysia and Singapore and to Indonesia. The massive exports we can do along this corridor is immense. Yet we are sitting and doing nothing. Meanwhile, China is building a high speed rail + expressway in a failed nation Laos from north to South to connect itself downstream to ASEAN. Then they are building a port city in Colombo that is an SEZ and possibly going to be the SEZ with the best infrastructure in South Asia. COlombo already is a very good port. And we are going to llose more business to this port and SEZ as Sri Lanka gets in on the manufacturing act too. Then, they moved decisively on Iran and CPEC.
Meanwhile we cannot build a decent port with a top notch SEZ[what ever happened to saagarmala program?], operationallize chahbaahar fully and finish the Indo-Myanmar-Thailand(IMT) highway even after 15 years [Chinese took all of 3 years to complete Laos expressway and HSR in an impoverished nation]. They will probably move all their lower end factories to compete with Vietnam, making Laos virtually their colony.
Is anyone in India looking at how dangerous these delays are for India's economic security? How foolish it is that we have delayed chaahbaahar and IMT connections. Government of India - be strong, firm, decisive, finish projects well ahead of time, and put the fear in countries like Myanmar and Iran if they dont move fast or play games. Playing nice all the time, fence sitting, balancing interests does not get you anything in this competitive world.
 

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escaped from poverty into what ? Statistics is a great tool to fiddle around with. Indeed a lot of people have escaped poverty but not into prosperity, rather into a state of vulnerability where they risk falling back into poverty incase of a major crisis. This is what we are witnessing right now.

And you made me laugh with your unemployment statement.Job opportunities are next to none and salaried jobs are a distant dream for the majority.
I am from engineering and manufacturing sector,the very sector that the government is trying to prop up with make in India dream .let me show you the mirror of reality.
Most companies are not looking at mass hiring .Rather they are actively seeking to replace men with machines where ever possible.AI enabled machines which are being deployed in large numbers will ultimately end not just repetitive jobs but those jobs that requires human supervision.
Therefore the government's dream of shifting the huge surplus agricultural labour force to industries will remain a pipedream.
On the top most companies love to hoodwink the system. Amongst the few people they do hire mostly consist of contractual workers and apprentices, most of whom are paid little above daily wage labourers and with scant employment benefits.

Neverthless jobs are still being created but is simply not enough to keep up with the growing population.




Is this supposed to be a joke ? have you looked at India's performance in global hunger index ? Perhaps you didn't realize that 70% of India lives in villages,have you ever looked at the dilapidated conditions there?
In the previous statement i talked about primary care,do you know what it means ? It's the shear lack of healthcare workers,doctors,medical and sanitary equipment because of which many people needlessly have to die from easily preventable causes.
Had India concentrated on primary healthcare instead of building apollo and fortis for the rich,it would have seen low infant and maternal mortality rates and certainly fewer dying of lack of beds and oxygen supply .





Even pakistan has one of the best expressways in South Asia which was built by south korea but still the country is a laggard in socio economic development.
So don't be under an impression that building roads and bridges alone will solve the issues.What UP and Bihar needs is a comprehensive socio economic development because as i said before those roads have no meaning if a woman is unable to travel freely even in daylight conditions.
And i sincerely hope BIMARU states develop and maybe beat TN and WB because their constant underdevelopment is pulling India back.
Im sorry, most of what you say is right.... but people here don't want to hear the truth... some of your points were a little off particularly regarding INFRA... our LPI is actually very good for a country of our size and our income levels.... but the fact is that general masses in India live under great delusion and here is no different...

Fact is we add 70-80 million people to the labour force every year, and create no more than 4-5 Mn. jobs (tops 8-9 if you count the unorganized labour market - construction, contract manufacturing labor etc. ) I tried making similar arguments once earlier, got drowned in a deluge of abuse and hysteria... fact is, barring <250 CC motorcycles, a small share of the API market and the absolute bottom end of the technology outsourcing pile, we manufacture nor make nothing of value to the world and nothing we are doing right now points towards any of that changing... a few startups raising money by the millions is purely because global capital is cheap, due to the obnoxious QE going on.

Until someone addresses the population bomb, nothing changes, if Modi or even RaGa pushes through a meaningful one child policy .. they have my vote till death....
 

Lonewolf

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Im sorry, most of what you say is right.... but people here don't want to hear the truth... some of your points were a little off particularly regarding INFRA... our LPI is actually very good for a country of our size and our income levels.... but the fact is that general masses in India live under great delusion and here is no different...

Fact is we add 70-80 million people to the labour force every year, and create no more than 4-5 Mn. jobs (tops 8-9 if you count the unorganized labour market - construction, contract manufacturing labor etc. ) I tried making similar arguments once earlier, got drowned in a deluge of abuse and hysteria... fact is, barring <250 CC motorcycles, a small share of the API market and the absolute bottom end of the technology outsourcing pile, we manufacture nor make nothing of value to the world and nothing we are doing right now points towards any of that changing... a few startups raising money by the millions is purely because global capital is cheap, due to the obnoxious QE going on.

Until someone addresses the population bomb, nothing changes, if Modi or even RaGa pushes through a meaningful one child policy .. they have my vote till death....
Where did you got that 4 5 million figure , please elaborate , no abuse till you give some credible info , once proved wrong get ready for some deja vu
 

Lonewolf

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Im sorry, most of what you say is right.... but people here don't want to hear the truth... some of your points were a little off particularly regarding INFRA... our LPI is actually very good for a country of our size and our income levels.... but the fact is that general masses in India live under great delusion and here is no different...

Fact is we add 70-80 million people to the labour force every year, and create no more than 4-5 Mn. jobs (tops 8-9 if you count the unorganized labour market - construction, contract manufacturing labor etc. ) I tried making similar arguments once earlier, got drowned in a deluge of abuse and hysteria... fact is, barring <250 CC motorcycles, a small share of the API market and the absolute bottom end of the technology outsourcing pile, we manufacture nor make nothing of value to the world and nothing we are doing right now points towards any of that changing... a few startups raising money by the millions is purely because global capital is cheap, due to the obnoxious QE going on.

Until someone addresses the population bomb, nothing changes, if Modi or even RaGa pushes through a meaningful one child policy .. they have my vote till death....
See boy ,we add almost 6.5 million jobs each year roughly , and if you are adding 40 million labour force every year that means either we have population of some 10 billion , cause not even whole world add so much , i think you though birth rate to labour addition , lol , sometimes people act like peanuts .


We add some 6 million new labour each year , so we were reducing unemployment , but if you think of sarkari naukri and muft ki salary then sorry no world will give you that much employment that too to indian labour who have lot of socialist pigs among them
 

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Where did you got that 4 5 million figure , please elaborate , no abuse till you give some credible info , once proved wrong get ready for some deja vu
So there are two ways of doing it:
1) EPFO data, but that is only organized and only covers young people entering the job market and opening an EPFO account
2) The MOSPI statistical handbook, but Iv been part of the data collection for this in an earlier stint working with the govt so a lot of this is unreliable but its the best we have


Link for your reference - Data post 2018 isnt available even on the MOSPI website
 

Lonewolf

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@FalconSlayers we need some mind rattling abuse here , to above concerned guy ,he said he got it last time , it's our duty if he fails to give any credible proof to provide service this time
 

Lonewolf

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So there are two ways of doing it:
1) EPFO data, but that is only organized and only covers young people entering the job market and opening an EPFO account
2) The MOSPI statistical handbook, but Iv been part of the data collection for this in an earlier stint working with the govt so a lot of this is unreliable but its the best we have


Link for your reference - Data post 2018 isnt available even on the MOSPI website
No mention of your 45 million bullshit
 

Alfalfa

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@FalconSlayers we need some mind rattling abuse here , to above concerned guy ,he said he got it last time , it's our duty if he fails to give any credible proof to provide service this time
Yes, rather than have actual civilized discussion, I replied politely to your request... you'd rather brace yourself for another session of name calling... go ahead and tag more people... knock yourself out man..
 

Lonewolf

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Yes, rather than have actual civilized discussion, I replied politely to your request... you'd rather brace yourself for another session of name calling... go ahead and tag more people... knock yourself out man..
I gave sane reply to your message , that was a joke , i quoted him cause he has seen a lot of data on economy and all
 

RoaringTigerHiddenDragon

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Im sorry, most of what you say is right.... but people here don't want to hear the truth... some of your points were a little off particularly regarding INFRA... our LPI is actually very good for a country of our size and our income levels.... but the fact is that general masses in India live under great delusion and here is no different...

Fact is we add 70-80 million people to the labour force every year, and create no more than 4-5 Mn. jobs (tops 8-9 if you count the unorganized labour market - construction, contract manufacturing labor etc. ) I tried making similar arguments once earlier, got drowned in a deluge of abuse and hysteria... fact is, barring <250 CC motorcycles, a small share of the API market and the absolute bottom end of the technology outsourcing pile, we manufacture nor make nothing of value to the world and nothing we are doing right now points towards any of that changing... a few startups raising money by the millions is purely because global capital is cheap, due to the obnoxious QE going on.

Until someone addresses the population bomb, nothing changes, if Modi or even RaGa pushes through a meaningful one child policy .. they have my vote till death....
No one is going to GIVE you a job. You need skills to get one. On your garbage related to “we manufacture nothing of value”, the world economic forum disagrees with you:


Why do you open your mouth, say foolish things, then get abused and then cry about that? Why not say the truth and solid things and be respected for that? Or are you a bat eating bot? There are several CCP bots deadlier than the Wuhan virus on this forum. There’s a species deadlier than the world’s deadliest disease called Pakivirus that also infects this forum a lot. So be ready for abuse if you are one of these deadly viruses.
 

Lonewolf

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No one is going to GIVE you a job. You need skills to get one. On your garbage related to “we manufacture nothing of value”, the world economic forum disagrees with you:


Why do you open your mouth, say foolish things, then get abused and then cry about that? Why not say the truth and solid things and be respected for that? Or are you a bat eating bot? There are several CCP bots deadlier than the Wuhan virus on this forum. There’s a species deadlier than the world’s deadliest disease called Pakivirus that also infects this forum a lot. So be ready for abuse if you are one of these deadly viruses.
Hs ain't reply , i can give him fact but the thing he started with le me sane guy talking sense got abused pissed me off
 

Alfalfa

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No one is going to GIVE you a job. You need skills to get one. On your garbage related to “we manufacture nothing of value”, the world economic forum disagrees with you:


Why do you open your mouth, say foolish things, then get abused and then cry about that? Why not say the truth and solid things and be respected for that? Or are you a bat eating bot? There are several CCP bots deadlier than the Wuhan virus on this forum. There’s a species deadlier than the world’s deadliest disease called Pakivirus that also infects this forum a lot. So be ready for abuse if you are one of these deadly viruses.
says a guy with a US flag around his name, bet you are one of those NRIs who doesn't pay taxes, doesn't contribute shit to the economy but shows up in a dickfest on some Forum...

here's the deal you little imbecile, I graduated from an IIT and an IIM without any quota... am a 7 figure taxpayer and come from a family with proud military traditions... dont be a douche on a keyboard!
 

Alfalfa

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Also to the Forum,
Lonewolf pointed out a few things and I stand corrected... while my numbers on the number of jobs we add are correct (4-5 Mn.), we dont add 70-80 Mn. to the labour force.. more like 8-12..
 

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