Indian Economy: News and Discussion

[Edinburgh]

Then what about multi-millionaires?
What are the compensation criteria if any?
Explain more.

In the vicinity of large cities, a house will get nearly ten million yuan in cash or houses according to population and area.
Not close to big cities will not be particularly many, such as my home house, near the county seat, will replace 260 square meters of the house.
Before the house belongs to the rural group distribution, can not be bought and sold.Now this 260 square meter（You can choose two or three SPLIT houses） house belongs to the commercial housing that can be bought and sold, and the market price is 5500 yuan per square meter（If in Shanghai, 70000 RMB per square meter），The market price is 1.5 million RMB or 230,000 USD，We can sell some of them.

 

[Haldilal]

Ya'll Nibbiars once we had a large electronic base capable of manufacturing most of the parts and also R & D but instead opening of the JV we opened all the FDI in the electronic and lost 30 years. The Videocon, Onida, BPL, NELCO, Zenith, Voltas sold their Consumer business to Electrolux and then rentered, Godrej Appliance was almost at the branckptcy in the 90's, IFB revived only in the 2000's, Mitashi, Wipro and many more.

 

[doreamon]

May be it has something to do with Total Wealth of a nation while Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period.

List of countries by total wealth - Wikipedia

en.wikipedia.org

List by Credit Suisse (2020)[3]

Rank	Continent/region/country	Total wealth (trillions USD)	Share
-	World​	400.2	100.0%
1	North America​	124.0	31.0%
2	Europe​	93.4	23.33%
3	China​	81.4	20.33%
4	Asia-Pacific (excluding China and India)​	55.6	13.89%
5	India​	15.5	4.4%
6	Latin America​	9.8	2.45%
7	Africa​	4.7	1.17%

No its not .. wealth concept includes human capital and natural resource etc thats why higher . I dnt agree with human capital concept as well .. In india a illitrate person earning 20k monthly selling samosa while person with PHD bitting drums chanting Azadi
India's high digital transaction can be due to following
1 . High level of acceptance among population .
2. There is a underlying economy which does nt get accounted due to informal nature of our economy .

 

[FalconSlayers]

his education policies have massively benefited delhi and thats why he got voted in power again

I love the way you lie

 

[FalconSlayers]

 

[Haldilal]

Ya'll Nibbiars The Carwale are way ahead of them and also their website is also better.

 

[sauntheninja]

I love the way you lie
View attachment 94276

Then without any developement happening how did they beat the mighty bjp?

 

[FalconSlayers]

Then without any developement happening how did they beat the mighty bjp?

Ya that is why I am seeing people in Chanakyapuri running like as if there’s a sale going on a supermarket in Japanese anime when a water tanker arrived today.

 

[FalconSlayers]

Any truth?

 

[sauntheninja]

Ya that is why I am seeing people in Chanakyapuri running like as if there’s a sale going on a supermarket in Japanese anime when a water tanker arrived today.

did i miss the memo where UP was declared as a sone ki chidiya?

 

[Haldilal]

Ya'll Nibbiars Remebers this NELCO.

 

[Spindrift]

Ya'll Nibbiars Remebers this NELCO.

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We had a beltek color TV in the 80s. It was a good TV, we still have it in working order at my grandfather's place.

 

[Haldilal]

Ya'll Nibbiars

The NELCO was not an unsuccessful stint. It was very successful in terms of wiping out losses and making it a dividend paying company again. What went wrong was that the Tatas never adequately capitalised the company. So while it became positive, it could not scale up and grow. The were in radios, the company. And had only 2 per cent market share. Then it's took that to 20 per cent. The NELCO were second to Philips and just under Murphy, that was the big radio company at that time. And given the capital that never got and because we were made a part of Tata Power which didn’t have any real interest in consumer products, The TELCO went into industrial electronics. And it was a tremendous because it was a company under terrible financial stress.

It had losses equal to its capital and were literally pulling out every drop of water from the bucket. And never knew if it's would be able to meet the payrl requirements at the end of every month. Those 8 or 10 years in NELCO was what drew upon in later years. Yes, the general misconception was that NELCO was a failure but that failure was, if I can say so, the Tata Group’s failure. They did not see the importance of electronics or the need to take it further. They just wanted to get out of radios. The older directors like Nani Palkhivala and others like the. felt that the Group shouldn’t bother with textiles, and shouldn’t bother with NELCO and other smaller companies and should focus entirely on the major companies like Tata Steel, TELCO, Tata Chemicals. In the case of NELCO, And must say that's, The had it not been for the JRD Tata, the company would have been liquidated. He saw the future in electronics. He saw the future in air travel. He saw the future in computers, IT. Many of his colleagues did not. A good example is watches. If it was not for JRD, The Group would have not had a viable company like Titan. The NELCO can be called a company of lost opportunities. It concentrated on manufacturing when it needed a marketing foused's. It stuck to radios while others diversified. It got into a groove.

From the NELCO's Book's.

 

[Haldilal]

Ya'll Nibbiara for the Indian electronics firm's it's always working with the Small budget and competiting with the Large firm's. And even now just see the Micromax struggling.

 

[Lonewolf]

Ya'll Nibbiara for the Indian electronics firm's it's always working with the Small budget and competiting with the Large firm's. And even now just see the Micromax struggling.

Micromax has improved somewhat , also bpl , ifb ,godrej , are getting back in game

 

[INDIAFIRST]

during 2006 when chinese zero IMIE calibrated mobiles were selling in Bharat at the amount less than 2000 with same big touch screen whose rate where as 25000 in case one had samsung mobile i had the comparision showed by our electronic profressor by dismantling both the branded and the chinese mobile and tell how they cut down the prize...my our professor's only point was that thought one can't trust the brand of chinese but they were giving the hope of many middle class and lower middle class the same features what was offered by the brand mobiles...plus also to note how in less feasibility they are achieving this...baki he has same anger on the chinese as a common Bhartiya has...

 

[Haldilal]

Micromax has improved somewhat , also bpl , ifb ,godrej , are getting back in game

Ya'll Nibbiars Remeber the Televista, Dynora, Crown, Weston, Solidaire, JK ?.

 

[Lonewolf]

Ya'll Nibbiars Remeber the Televista, Dynora, Crown, Weston, Solidaire, JK ?.

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Except jk all are back in game , solidare made a new tv , really beautiful

 

[Haldilal]

Ya'll Nibbiars

Once upon a time in a company called NELCO, there was manager called Arjun Bhateja. There was a rumour in NELCO that NELCO was going to tie up with Sony and start manufacturing Sony TVs in India. Tatas were looking for 50:50 partnership with Sony.

Soon there was one more rumour that Arjun was going to head that unit. Arjun started dreaming about his future, his spacious cabin, his peers reporting to him, new young secretary. trips to Japan etc.

But unknown to Arjun, in faraway place called Tokyo a meeting was arranged between Akio Morita, owner of Sony and PV Narasimha Rao , Prime minister of India.

Details of this meeting were shared by economist Montek Singh Ahluwalia in one of the interviews given to finance magazine. As per Ahluwalia was happened as as follows :

When Akio Morita, the head of Sony, entered the room, Rao put his hand over Morita and said, ‘Every Indian wants a Sony TV, and you are not making it.’

Morita shrugged. Sony was willing to invest only if they could own 100 per cent of the local company, which Indian rules forbade.

‘You apply,’ Rao told him. ‘We will give it.’

Without going back to his Cabinet or Parliament, Rao had changed policy. But he was trusted, and Sony soon began selling in India.

In this new situation TATAs had no significant role to play in venture and Ratan Tata decided get out of TV production. Which meant not just Arjun but entire TV production unit was redundant.

Arjun learned important lesson Never count your chickens before they hatch. And later joined a Non electronic Firm and retired from a senior post.

From the NELCO.

 

[Haldilal]

Except jk all are back in game , solidare made a new tv , really beautiful

Ya'll Nibbiars all of them Repack's the Mlecchas Maal's.