Indian Economy: News and Discussion

[ym888]

Not really…you need servers and data centers protected by high quality power systems. Plus you need good quality encrypted POS terminals and fraud checking algorithms. China is behind India in several such technologies including IT. Just because China builds a large number of nuts and bolts doesn’t mean China can compete with India in certain areas.

really? Congratulations India.

But I still doubt it

 

[RoaringTigerHiddenDragon]

You can use a translation software to see this web page

http://www.weishangagent.com/newsInfo/285088.html

Sorry, fraudulent Chinese data cannot be used. Please bring a well researched and qualified global source.

 

[Lonewolf]

You can use a translation software to see this web page

http://www.weishangagent.com/newsInfo/285088.html

As expected ,it was figure in amount and that too in rmb , i was talking about number of payment ,as there is a income gap in both countries , the absolute amount would be less for higher number of transaction

 

[Lonewolf]

Sorry, fraudulent Chinese data cannot be used. Please bring a well researched and qualified global source.

Read it ,not fraud ,but saying a different thing there

 

[sorcerer]

I doubt it

China's digital transactions are the largest in the world

Data says otherwise.. When you talk about china and digital transactions..you are just talking about the pockets in west coast of china with its economic activity.

The rest of china..do they even have electricity?

 

[ym888]

Data says otherwise.. When you talk about china and digital transactions..you are just talking about the pockets in west coast of china with its economic activity.

The rest of china..do they even have electricity?

In 2015, every village in China had electricity

How to achieve universal access to electricity for 1.4 billion people

14亿人全民通电如何做到？18根电杆为1户供电，100年无法回本

china.chinadaily.com.cn

 

[sorcerer]

In 2015, every village in China had electricity

How to achieve universal access to electricity for 1.4 billion people

14亿人全民通电如何做到？18根电杆为1户供电，100年无法回本

china.chinadaily.com.cn

any link other than chinese crap? on top of it a domain ending with .cn is a mine field. I dont go a 100 miles near it.
and lets take this to chinese bubble economy thread

 

[rockdog]

For eg ,india had 25 billion transaction as mostly transaction are done by normal people , and some part is government , but china has 15 billion transaction ,even though they were first one in this game among us

As the world's largest digital payments industry, China is expected to generate $1.9trn worth transactions this year, or nearly 45% of all digital payments in 2020, revealed the Statista 2020 FinTech Survey.


Statistics show most digital payment users live in China. In the last three years, the number of Chinese users utilizing online payments has soared from 840 million to 1.3bn, nearly 30% of all users in the world. This figure is expected to jump over 1.6bn in the next four years.

China and the USA to Generate 65% of All Digital Payments in 2020

As the largest revenue source of the global Fintech market, digital payments are set to reach $4.4trn transaction value this year...

www.milanfintechsummit.com

 

[ym888]

any link other than chinese crap? on top of it a domain ending with .cn is a mine field. I dont go a 100 miles near it.
and lets take this to chinese bubble economy thread

https://www.iea.org/countries/china

 

[Lonewolf]

As the world's largest digital payments industry, China is expected to generate $1.9trn worth transactions this year, or nearly 45% of all digital payments in 2020, revealed the Statista 2020 FinTech Survey.

China and the USA to Generate 65% of All Digital Payments in 2020

As the largest revenue source of the global Fintech market, digital payments are set to reach $4.4trn transaction value this year...

www.milanfintechsummit.com

Are you nut ,i addressed your points in the message you quoted , either you can't apprehend it or don't want to

 

[sorcerer]

Haha ..the digital transaction statistics have burned the chinese ass sooo bad.
nooooooooooooic

 

[sorcerer]

Mumbai boy is first Indian to be global COO of P&G | Mumbai News - Times of India
TNN / Updated: Jul 31, 2021, 08:19 IST

2 minutes


CHENNAI/MUMBAI: Shailesh Jejurikar has become the first Indian to be appointed global COO of the consumer products MNC Procter & Gamble (P&G). The Mumbai-born 54-year-old Jejurikar is an alumni of the Hyderabad Public School and counts among his classmates another famous global CEO - Satya Nadella of Microsoft.

Mumbai boy is first Indian to be global COO of P&G | Mumbai News - Times of India

Shailesh Jejurikar has become the first Indian to be appointed global COO of the consumer products MNC Procter & Gamble (P&G). The Mumbai-born

timesofindia.indiatimes.com

 

[ym888]

孟买男孩成为新装宝洁全球首席买孟官的印度人 - 印度时报
TNN / 更新时间：2021年7月31日08:19 IST

2分钟


钦奈/孟：Shailesh Jejurikar已成为洁洁为外国公司宝（P&G）全球首席运营官的印度人。 这位孟买出生的 54 岁的 Jejurikar 是海得买拉巴中学的校友，他的同学中还有另一位全球知名的CEO——微软的萨蒂亚·纳德拉（Satya Nadella）。

 

[FalconSlayers]

Indian students are leaving the country more than ever.

How many return is what matters, probably zero.

 

[rockdog]

Not really…you need servers and data centers protected by high quality power systems. Plus you need good quality encrypted POS terminals and fraud checking algorithms. China is behind India in several such technologies including IT. Just because China builds a large number of nuts and bolts doesn’t mean China can compete with India in certain areas.

In China, the world’s largest mobile payment market, the value of transactions reached 347 trillion RMB (US$53.04 trillion) in 2019 — almost four times the country’s GDP. The total value of transactions skyrocketed in 2020 due to the pandemic.

Meanwhile, since starting the project in 2014, the People’s Bank of China has moved rapidly towards launching the world’s first major sovereign digital currency — the digital yuan. This should be an easy sell to consumers used to instant digital cash, enabling the government to fine-tune domestic monetary policy by directly controlling the amount of non-cash funds available to the economy. There are already real-world digital yuan operations in major cities, including Shenzhen, Chengdu and Suzhou, where customers obtain digital yuan via banks.

But the rest of Asia is lagging.

Digital currencies are the future in Asia | East Asia Forum

Asian countries need to embrace digital payment technologies or they risk being left in the monetary dark ages

www.eastasiaforum.org

 

[FalconSlayers]

In China, the world’s largest mobile payment market, the value of transactions reached 347 trillion RMB (US$53.04 trillion) in 2019 — almost four times the country’s GDP. The total value of transactions skyrocketed in 2020 due to the pandemic.

Meanwhile, since starting the project in 2014, the People’s Bank of China has moved rapidly towards launching the world’s first major sovereign digital currency — the digital yuan. This should be an easy sell to consumers used to instant digital cash, enabling the government to fine-tune domestic monetary policy by directly controlling the amount of non-cash funds available to the economy. There are already real-world digital yuan operations in major cities, including Shenzhen, Chengdu and Suzhou, where customers obtain digital yuan via banks.

But the rest of Asia is lagging.

Digital currencies are the future in Asia | East Asia Forum

Asian countries need to embrace digital payment technologies or they risk being left in the monetary dark ages

www.eastasiaforum.org

4 times of GDP in online transactions? Lmao this is a claim and contradiction in the same line!

 

[ym888]

Mumbai boy is first Indian to be global COO of P&G | Mumbai News - Times of India
TNN / Updated: Jul 31, 2021, 08:19 IST

2 minutes


CHENNAI/MUMBAI: Shailesh Jejurikar has become the first Indian to be appointed global COO of the consumer products MNC Procter & Gamble (P&G). The Mumbai-born 54-year-old Jejurikar is an alumni of the Hyderabad Public School and counts among his classmates another famous global CEO - Satya Nadella of Microsoft.

Mumbai boy is first Indian to be global COO of P&G | Mumbai News - Times of India

Shailesh Jejurikar has become the first Indian to be appointed global COO of the consumer products MNC Procter & Gamble (P&G). The Mumbai-born

timesofindia.indiatimes.com

• India has a lot of good management talent

 

[sorcerer]

4 times of GDP in online transactions? Lmao this is a claim and contradiction in the same line!

pssstt..
its a propaganda article by their australian stooges.. thats the chinese burnol for their own burn.

 

[rockdog]

4 times of GDP in online transactions? Lmao this is a claim and contradiction in the same line!

Quite normal, You got USD2000 salary, and spent it all, that's 2 times of transaction of your earning. The real economy is much more complicated.

For last four yrs, i almost didn't use any real currency note in China, from the most morden city like Shanghai, to the most remote village in Xinjiang.

 

[Sikhbrah]

How many return is what matters, probably zero.

Yes, brain drain is one of the biggest hidden issues in India - our best brains are slaving out for western corporations as opposed to building our nation.