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Again you are talking about stuff you have little idea about.No, my friend, you are. As a country with India size, certainly you have these industries departments. Even smaller countries like Vietnam, Thailand, have these industries. But the problems are:
All of developing countries (including India and China) are either doing low end jobs in these industries, such as IT; or producing low end products, i.e. steel and motor vehicle.
You are kidding yourselves: India has been the code workers of western giants, it is the job similar to those sweat shop workers on the production line. All the key part of IT industries: system integration, structure design, etc are in Western hands.
Otherwise, please name me some world popular platforms, software, systems that are controlled by India.
The size of India's service industry is disproportionate to her income levels.No, my friend, you are. As a country with India size,
Not even close. A job in service sector pays way higher and requires skill. And tech dominance of the west is everywhere; nothing specific to IT.You are kidding yourselves: India has been the code workers of western giants, it is the job similar to those sweat shop workers on the production line.
I can actually name a few like Postman, Zoho, Freshworks etc but you are confusing between IT consultancy and tech giants. All these Murican media houses (CNN, CNBC, Business Insider) are projecting Jio and Tata to be the first true tech giants from India; only time will tell whether they are right or not.Otherwise, please name me some world popular platforms, software, systems that are controlled by India.
Ya'll Nibbiars kyu apna time Khoti kar raha hai Inke upar koi Kam Dhanda nahi hai kya?.Again you are talking about stuff you have little idea about.
Following are some low end/ labour intensive sectors:
Textiles (both cotton and mmf),
Ceramics,
Leather goods,
Furniture goods,
Mining,
Petrochemicals etc.
All these sectors require little to no skill for employment. Besides, these sectors provide mass employment (sometimes a single textile factory can provide employment to the tune of several hundred thousands); hence the name. These sectors are perfect for newly liberalized emerging economies who have semi-skilled / unskilled labourers aplenty.
As the nation becomes richer it gradually starts phasing out these factories (because even unskilled labour gets costlier) and starts transitioning into skill intensive sectors (IT service, outsourcing, fintech, electronics, heavy engineering, automobiles, consultancy works etc).
In India's case the first part was skipped completely. (Definitely not a wise thing to do)
The size of India's service industry is disproportionate to her income levels.
Not even close. A job in service sector pays way higher and requires skill. And tech dominance of the west is everywhere; nothing specific to IT.
I can actually name a few like Postman, Zoho, Freshworks etc but you are confusing between IT consultancy and tech giants. All these Murican media houses (CNN, CNBC, Business Insider) are projecting Jio and Tata to be the first true tech giants from India; only time will tell whether they are right or not.
Ya'll Nibbiars yeh dus saalo so sunte A raha hui jab hoga tab hei vishwas karuga.India’s electronic exports jumps 49% in April-Dec 2021 over low base
While mobile phones constituted a major chunk of the electronics sector's exports, the US, UAE, and China emerged as the top export destinations during the periodwww.livemint.com
VVDN to design and manufacture India's indigenous Tablet as an ODM Product
VVDN Technologies announced that it has started the complete design, development and manufacturing of "Make in India" Tablets for domestic and global OEMs and customers.www.business-standard.com
Zomato to form non-banking finance company to enter financial services biz
The proposed paid-up capital of NBFC will be Rs 3 crore, while the authorised capital is pegged at Rs 10 crorewww.business-standard.com
$22.1 billion investment
ArcelorMittal Nippon Steel India to invest ₹1,66,000 cr in Gujarat
The firm will be investing ₹30,000 crore to expand their facility at Suvali in Surat and ₹30,000 crore to develop Surat steel city and industrial cluster at Kidiabet in Suratwww.livemint.com
Kya?Ya'll Nibbiars yeh dus saalo so sunte A raha hui jab hoga tab hei vishwas karuga.
Ya'll Nibbiars Mittals and Vedantas Invetsments.Kya?
Ya'll Nibbiars lending money to Tata and not sinking it in like previsouly. Do we literally doubt the Tatas ability to pay back the money?.Tata Buys Air India with public money
LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding
LIC and State Bank of India were top investors in AI's debtwap.business-standard.com
Too many exfarts on Twitter, man! These same commies will cry a river if banking is opened for corporates (thereby reducing dependence on PSBs).Ya'll Nibbiars lending money to Tata and not sinking it in like previsouly. Do we literally doubt the Tatas ability to pay back the money?.
Kek trying to guilt trip PVT industries eh?Tata Buys Air India with public money
LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding
LIC and State Bank of India were top investors in AI's debtwap.business-standard.com
Numbers are not a mirage, it has to do with per capita income.
US per capita income- ~$60k
Basic monthly plan- $10
India per capita- ~2.1k
Basic monthly plan- ~$2.65
"Mobile" plan- ~$2
30 times difference in per capita income while only 5 times the difference in subscription cost.
Moreover, local Netflix content is absolute shit. Even I did not bother to renew my subscription again.