Indian Economy: News and Discussion

[Edinburgh]

Yes thats true.

We need a protected economy. Unlike western or chinese companies our companies have major funds issue. They have limited money available to them so they can't compete with foreigners with deep pockets. Their money allows them to do predatory pricing, flooding market with advertisements, access to high-tech equipment that Indian companies just can't match.

Without proper domestic manufacturing supply chain capabilities we can't have complex products made in India. Which not only discourages major companies from manufacturing in India but also it makes us dependent on foreign suppliers which makes made in India products expensive.

This whole open market propaganda is nothing but a neo colonial takeover. Protectionism works, China is a functional example. If we want to be like China, we need to start acting like China.

For those who are interested, here is a short documentary on Ghana. Who was once a major tamato producer and processer, but western countries arm twisted them to open their agro economy for imports and now they have major farm and agro industrial crisis.

Industrial development needs land, capital and labor.
It was too difficult for India to acquire land, and there was no complete agrarian revolution.

 

[Roshan]

Action :

246-year-old Ordnance Factory Board scrapped; 7 new companies to take over

Ajay BanerjeeTribune News ServiceNew Delhi, June 16

m.tribuneindia.com

Reaction :

 

[sorcerer]

Action :

246-year-old Ordnance Factory Board scrapped; 7 new companies to take over

Ajay BanerjeeTribune News ServiceNew Delhi, June 16

m.tribuneindia.com

Reaction :
View attachment 95542View attachment 95544View attachment 95545

Atleast they are honest in showing the "color" of the protest.
now sab kuch clear hai.

why the ordnance factory went on strike during the china India standoff ..ad during the India pak standoff

 

[warriorextreme]

Action :

246-year-old Ordnance Factory Board scrapped; 7 new companies to take over

Ajay BanerjeeTribune News ServiceNew Delhi, June 16

m.tribuneindia.com

Reaction :
View attachment 95542View attachment 95544View attachment 95545

This safety net of government job is the biggest obstacle that is holding our nation back. Alas it is going to stay for a long long time.

 

[Lonewolf]

This safety net of government job is the biggest obstacle that is holding our nation back. Alas it is going to stay for a long long time.

Try removing it , mau result in civil war , craze is so much that still people consider it a safe job , work culture can be improved as merit based selection from government employee for a particular feild ,and yearly elemination of most incompetent staff , nothing more than that ofr now

 

[warriorextreme]

Try removing it , mau result in civil war , craze is so much that still people consider it a safe job , work culture can be improved as merit based selection from government employee for a particular feild ,and yearly elemination of most incompetent staff , nothing more than that ofr now

It will never happen. People consider it as birth right to get government jobs from which they cannot be fired.

 

[Maharaj samudragupt]

It will never happen. People consider it as birth right to get government jobs from which they cannot be fired.

As it should be.
Socialist sovereign republic.

 

[FalconSlayers]

Worry some video, we are actually doomed.

 

[ezsasa]

Worry some video, we are actually doomed.

BS, freedoms are more important than rankings.

if India started behaving like China, many members of DFI including me would be in a gulag. and in the gulag the hottest topic we would be discussing how many baskets of coal we dig up yesterday.

 

[Crazywithmath]

Worry some video, we are actually doomed.

Check the replies as well.
While it is true that Bytedance alone has a valuation more than a lot of Indian unicorns combined the story is not all good for them. Also please stop being so reactionary. The video in no way depicts that India is doomed.

 

[ezsasa]

Check the replies as well.
While it is true that Bytedance alone has a valuation more than a lot of Indian unicorns combined the story is not all good for them. Also please stop being so reactionary. The video in no way depicts that India is doomed.

without the CCP’s approval, no business can succeed over there.

 

[Crazywithmath]

without the CCP’s approval, no business can succeed over there.

India is a true democracy and a late starter in open market economy and thus it will act different from Coronaland. Folks here need to get this damn thing in their damn brains. All these reactionary muh economy is doomed, muh Chongs good, muh Bangladesh tiger, muh India bad bullshit coping should not be highlighted time and time again.

 

[doreamon]

Worry some video, we are actually doomed.

This country has traditionaly hated private business . Nationalisation and glorification of beaurocracy has been in our culture ... I have seen People graduating from IIM A nd IISc wasting time preparing for beaurocratic jobs .. The role of doing business has been traditionally with marwari and gujrati and it was seen as a lesser thing .. Bania word used as a deregotary term ..

To make things more worse we created marxist intellectuals in our humanities depts of universities . Allowed missionaries , NGOs with vested interest to run without any restrictions .. None of our national and regional parties cld be called economic right few years back . There has been socialist trend in RSS as well for a long time . They mixed it with swadesi ... Only deference is they are culturally right wing ..


Given that kind of legacy and the legacy which is striking back with vengeance each day it takes time ... And we shd nt loose hope .

 

[ladder]

Functional requirements for Double decker aluminium body coaches for 200kmph ( upgradeable to 250kmph). PDF from RDSO.

 

[sauntheninja]

Check the replies as well.
While it is true that Bytedance alone has a valuation more than a lot of Indian unicorns combined the story is not all good for them. Also please stop being so reactionary. The video in no way depicts that India is doomed.

Is this stat really that surprising the second largest economy will obviously have more money for investing in startups compared to us the fifth largest economy

 

[FalconSlayers]

BS, freedoms are more important than rankings.

if India started behaving like China, many members of DFI including me would be in a gulag. and in the gulag the hottest topic we would be discussing how many baskets of coal we dig up yesterday.

I’m not in a mood for joking and I am not saying we should become a dictatorship and all that BS, I’m saying that our startup ecosystem is nothing in front of them, and even our startups are filled with Chinese investments and the Indian startups don’t get funds domestically and we have very few incubators or startup seed funding by government, we lack in innovation and all.

 

[FalconSlayers]

I’m not in a mood for joking and I am not saying we should become a dictatorship and all that BS, I’m saying that our startup ecosystem is nothing in front of them, and even our startups are filled with Chinese investments and the Indian startups don’t get funds domestically and we have very few incubators or startup seed funding by government, we lack in innovation and all.

And thenwe have stupid things like Brahmin regiment trending on twitter, we can’t get over our own differences and caste BS. Whoever wrote manusmriti was an idiot.

 

[ezsasa]

I’m not in a mood for joking and I am not saying we should become a dictatorship and all that BS, I’m saying that our startup ecosystem is nothing in front of them, and even our startups are filled with Chinese investments and the Indian startups don’t get funds domestically and we have very few incubators or startup seed funding by government, we lack in innovation and all.

point being you can’t pick and choose things in isolation to be upset about.

anything that comes from China comes as a whole package starting from cultural revolution and associated purge. and even today we don’t know 99.9% of things that are happening behind that iron curtain.

 

[Pash]

30 yrs ago, 90 mins that changed India’s history

It were these crucial 90 minutes that paved the way for India’s historic decision to liberalise its economy in 1991. Rao was told that foreign exchange reserves had dipped to Rs 2,500 crore, only enough to meet three months’ imports.

indianexpress.com

 

[FalconSlayers]

30 yrs ago, 90 mins that changed India’s history

It were these crucial 90 minutes that paved the way for India’s historic decision to liberalise its economy in 1991. Rao was told that foreign exchange reserves had dipped to Rs 2,500 crore, only enough to meet three months’ imports.

indianexpress.com

Back then we had 35 million dollars Forex reserves, now we have 608 billion dollars of forex, almost 17500 times more than then.