Indian Economy: News and Discussion

[SKC]

Actually lot of of chinese companies and even western companies also sell rebranded Foxconn phones. Very few companies have capability to design and manufacture their own phone. Same is true for wearables and also other electronics appliances.

Making a phone from scratch requires full control over design and manufacturing of small components. This is a very tricky thing. Taiwan, S Korea, Japan and US had invested heavily in their electronics industry back in 80s. This why they possess such capabilities today. China is fast emerging player in this field. Still it will take few more years for them to reach parity.

India is a new player. We don't even have a single semiconductor manufacturing fab, nor displaying fab, no small electronic components manufacturers. Even peole with experience in this field and machinery is lacking. We have just begun our journey with PLI schemes and other incentives in last 2-3 years.

Also designing product is a difficult task without first party access to latest components and manufacturing equipment. So best they can do is design a logo and box. This is sad reality of their situation.

Also since these local companies have to buy products off the shelf, they have to deal with extremely thin margin. They rely heavily on selling large quantities to compensate thin margins. When they lose their sales in big numbers, they can't sustain their business. This is why you see local brands like Micromax being no 1 at one point and suddenly vanishing from market in few years.

This is why components manufacturing, semiconductor fabs, display fabs, PCB factories, etc. Is extremely important for India to cultivate an ecosystem for domestic electronics manufacturing. When this happens we will see lots of Indian electronics manufacturing startups in the country.

Making a full smartphone from scratch is not exactly a tricky thing. Chinese companies running from a basement shop are doing this since over two decades now.

A lot EU nations also had phone manufacturers in 80s, 90s onwards too.
Out own companies did nothing in name of R&D over the years, mostly assembled the hardware and that too with borrowed software.

 

[Chandragupt Maurya]

Why are you concern trolling about Bihar? Why are you propagating nonsense theory that Indian Union has some sinster plan to keep Bihar poor. Why don't you give your gyaan to your Nepali brothers who are almost on the verge of bankruptcy nowadays?

It’s because of the dhimmi mentality of Delhi
though after the arrival of narendra Modi a lot has changed but the bureaucracy is still the same
Read this wonderful article written by Mohan Guruswamy

How Bihar has been economically strangulated

As opposed to an All-India per capita developmental expenditure during the last three years of ₹ 7,935, Bihar’s is less than half at ₹ 3,633

www.nationalheraldindia.com

 

[FalconSlayers]

It’s because of the dhimmi mentality of Delhi
though after the arrival of narendra Modi a lot has changed but the bureaucracy is still the same
Read this wonderful article written by Mohan Guruswamy

How Bihar has been economically strangulated

As opposed to an All-India per capita developmental expenditure during the last three years of ₹ 7,935, Bihar’s is less than half at ₹ 3,633

www.nationalheraldindia.com

And why should we read Scamgress toiletpaper National Herand?

 

[Physx32]

EU wakes up, moves on FTA with India

The development is significant because India-EU trade negotiations have been halted since 2013 over the movement of Indian professionals and high Indian tariffs on European farm produce.

www.hindustantimes.com

 

[Optimus]

 

[Concard]

EU wakes up, moves on FTA with India

The development is significant because India-EU trade negotiations have been halted since 2013 over the movement of Indian professionals and high Indian tariffs on European farm produce.

www.hindustantimes.com

No fucking way. You don't do FTA with EU without building your own capabilities. First assess how our exports is going to benefit. At the same time what industries will be destroyed by imports. I am sure our textiles are going to benefit. I don't know whether our Engineering goods can compete with German and Dutch engineering goods. What about agricultural exports from our side? Sure may be we will benefit. Our pharma industry is going to benefit. However Europeans are asking for more than FTA with India in the past discussions.

Talks on an EU-India Bilateral Trade and Investment Agreement have stalled after failing to resolve differences related to matters such as the level of FDI & market access, manufacture of generic drugs, greenhouse gas emissions, civil nuclear energy, farming subsidies, regulation & safeguards of the financial sector, cooperation on tax evasion, overseas financing of NGOs in India, trade controls, technology transfer restrictions and cooperation on embargoes (Russia)

 

[Covfefe]

This news makes me happy

Government collects Rs 96,000 crore through asset monetisation

While roads and highways monetised assets worth Rs 23,000 crore, power sector garnered Rs 9,500 crore, coal mining generated Rs 40,000 crore and mining of minerals fetched Rs 18,700 crore.

economictimes.indiatimes.com

Putting liquidity into what we own is needed. A lot of it.

 

[Butter Chicken]

Domestic patent filings outnumber international applicants in India for the first time in 11 years

Domestic patent filings outnumber international applicants in India for the first time in 11 years

Filing of patents has increased by more than 50 percent in seven years, taking India’s ranking in the Global Innovation Index up to 46 in 2021 compared to 81 in 2015-16

www.moneycontrol.com

 

[FalconSlayers]

Schneider Electric plans to double its exports from India over next 4 years: CEO

"The priority is to supply clean energy to everybody in the country because energy is the passport to a decent life after education. Our priority is then to participate in all the major action plans of India, like self-sufficient India around industry and energy."

economictimes.indiatimes.com

Canada grants India market access for banana, baby corn; exports to begin soon

The decision was taken after negotiations between Agriculture Secretary Manoj Ahuja and Canadian High Commissioner Cameron MacKay last week, the government said.

www.moneycontrol.com

 

[fire starter]

 

[FalconSlayers]

 

[gajapati]

EU wakes up, moves on FTA with India

The development is significant because India-EU trade negotiations have been halted since 2013 over the movement of Indian professionals and high Indian tariffs on European farm produce.

www.hindustantimes.com

wow ... Free trade agreement with a 17 trillion economy ll be biggest economic achievement of this govt .. It ll be foundation for china plus one ... .

 

[gajapati]

No fucking way. You don't do FTA with EU without building your own capabilities. First assess how our exports is going to benefit. At the same time what industries will be destroyed by imports. I am sure our textiles are going to benefit. I don't know whether our Engineering goods can compete with German and Dutch engineering goods. What about agricultural exports from our side? Sure may be we will benefit. Our pharma industry is going to benefit. However Europeans are asking for more than FTA with India in the past discussions.

Out of everything u mentioned that NGO thing concerns me ..

Regarding capacity india i have faith in PLI scheme . And energy cost going to be very high after russia ukraine war .. We might be in a position to get some of those manufacturing .. Regarding high end engineering goods we already import them .. A year back a friend imported a German rice mill machine because indian option had lower capacity .. importing high end capital goods in cheap price is good for economy .

 

[Covfefe]

No fucking way. You don't do FTA with EU without building your own capabilities. First assess how our exports is going to benefit. At the same time what industries will be destroyed by imports. I am sure our textiles are going to benefit. I don't know whether our Engineering goods can compete with German and Dutch engineering goods. What about agricultural exports from our side? Sure may be we will benefit. Our pharma industry is going to benefit. However Europeans are asking for more than FTA with India in the past discussions.

All these will be obviously considered. ASSOCHAM, FICCI and CII are instrumental in drafting of these trade pacts. Regarding the NGO and foreign interference thingy, they might be willing to more than accomodate because they don't really have a lot of choices. China is already chipping into their European alliance with its 17+1 format(12 Eastern European countries which are relatively less wealthy and 5 Baltic States). If Western Europe at the behest of Amreekans want to push some anti China stance, it may threaten the alliance itself. Hedging it with India while persuading Indian companies to undertake similar projects in Eastern Europe is what they're playing on. Plus Services, Cars and Engineered goods export will be diverted to India in the mid term(once 4000 USD per capita GDP magic number is overcome).

 

[Butter Chicken]

wow ... Free trade agreement with a 17 trillion economy ll be biggest economic achievement of this govt .. It ll be foundation for china plus one ... .

FTA with EU is impossible, only chai-biskoot session.

Auto components from Germany? Nope
Farm produce from Europe? Nope

China also managed to sign FTA with EU only in 2020
We need to wait until we are $10 trillion economy

 

[Crazywithmath]

No fucking way. You don't do FTA with EU without building your own capabilities. First assess how our exports is going to benefit. At the same time what industries will be destroyed by imports. I am sure our textiles are going to benefit. I don't know whether our Engineering goods can compete with German and Dutch engineering goods. What about agricultural exports from our side? Sure may be we will benefit. Our pharma industry is going to benefit. However Europeans are asking for more than FTA with India in the past discussions.

Is EU really interested? If memory serves me right, the Germans have previously opposed an FTA with Ind (they already conceded a lot of manufacturing to chongs; definitely do not want a repeat here) and while other nations are not really opposed to it there are challenges domestically. Agri is a point of contention due to you know farmers from where and the GoI probably is wary of automobiles as well (some plants might move out that simply started operating here to avail tariff benefits and bypass NTBs). NTBs on food and agri products are major points of contention as well and above all EU ,unlike the Brits, is not desperate enough to form new partnerships at the moment. Worse, they might sign some deals and ultimately none of them will be ratified through the European Parliament (just like the stalled trade deal with chongs) and I am not even talking about at least some MEPs who will oppose it due to arbitrary reasons (muh Cashmere, muh Hanuman rights etc etc).

Plus Services, Cars and Engineered goods export will be diverted to India in the mid term(once 4000 USD per capita GDP magic number is overcome).

Elaborate

 

[ezsasa]

silly us, inflation has never been this easy to understand.

 

[gajapati]

FTA with EU is impossible, only chai-biskoot session.

Auto components from Germany? Nope
Farm produce from Europe? Nope

China also managed to sign FTA with EU only in 2020
We need to wait until we are $10 trillion economy

Regarding auto component these were in news last year -

Germany’s ZF to invest 200 million euros in India

German auto component maker ZF said on Tuesday that it would invest 200 million euros into its India operations over the next five years to hasten growth.

www.newindianexpress.com

.

Germany’s LiteAuto GmbH to invest Rs 1,500 crore in Telangana

HYDERABAD: In a major push to Telangana’s industrial-friendly policies, Liteauto GmbH, a Germany-based company decided to invest Rs 1,500 crore in the State in

www.newindianexpress.com

US-based auto parts maker Dana eyes big opportunity in India, to use country as exports base

Using India as a key base for exports with almost a third of its output shipped overseas, the American company has diverted some of the critical parts production from China to India to protect itself from the rising tariffs due to trade tensions between the US and China.

economictimes.indiatimes.com

And it is always better to import from Europe than China ...

Regarding farm produce i dont have sufficient knowledge .

 

[Butter Chicken]

Regarding auto component these were in news last year -

Germany’s ZF to invest 200 million euros in India

German auto component maker ZF said on Tuesday that it would invest 200 million euros into its India operations over the next five years to hasten growth.

www.newindianexpress.com

.

Germany’s LiteAuto GmbH to invest Rs 1,500 crore in Telangana

HYDERABAD: In a major push to Telangana’s industrial-friendly policies, Liteauto GmbH, a Germany-based company decided to invest Rs 1,500 crore in the State in

www.newindianexpress.com

US-based auto parts maker Dana eyes big opportunity in India, to use country as exports base

Using India as a key base for exports with almost a third of its output shipped overseas, the American company has diverted some of the critical parts production from China to India to protect itself from the rising tariffs due to trade tensions between the US and China.

economictimes.indiatimes.com

And it is always better to import from Europe than China ...

Regarding farm produce i dont have sufficient knowledge .

They are investing here because of tarrifs. otherwise they should simply export from already existing factories.

FTA's with US, UK,Canada,GCC,Mexico and LatAm should be priority

 

[Covfefe]

Is EU really interested? If memory serves me right, the Germans have previously opposed an FTA with Ind (they already conceded a lot of manufacturing to chongs; definitely do not want a repeat here) and while other nations are not really opposed to it there are challenges domestically. Agri is a point of contention due to you know farmers from where and the GoI probably is wary of automobiles as well (some plants might move out that simply started operating here to avail tariff benefits and bypass NTBs). NTBs on food and agri products are major points of contention as well and above all EU ,unlike the Brits, is not desperate enough to form new partnerships at the moment. Worse, they might sign some deals and ultimately none of them will be ratified through the European Parliament (just like the stalled trade deal with chongs) and I am not even talking about at least some MEPs who will oppose it due to arbitrary reasons (muh Cashmere, muh Hanuman rights etc etc).

Hmm, but the thing is can they forgo the pressure of Chongs of not entering FTA when it has its major countries Germany and France by balls.

Elaborate

Some study which showed how consumption level goes dramatically higher when per capita GDP at 4000 USD. A significant base for imported vehicles(30-40k USD bracket), services and so one. Basically the multiplicative effect takes over fairly well, and that reflects in overall trade numbers