Indian Economy: News and Discussion

[ezsasa]

I was wondering how that will workout because many countries are now working on their own version of "MAKE IN INDIA". US and Europe are now focussed on taking back manufacturing of critical things back to their borders.

anything that is cotton and synthetic fibre related, as you know there are only few countries like china and India who can provide the whole range in product cycle. so there is an advantage.

for example: the reason first cases of chinese virus in europe was in florence italy was because of 50,000 chinese workers in that city's clothing industry. no matter how much they try, they are dependant on asian countries for part or whole of the supply chain.

ultimately, it's for Indian textile industry to figure out how they are gonna compete globally.

 

[Suryavanshi]

Too many big mouth South politicians have been barking about Gujrat 24/7. The only state that has the right to complain is Maharasthra, as it is the only state that is receiving even less comparatively for every rupee contributed.


View attachment 152315

If anything, this shows Telangana leeching off Gujrat and not the other way around

Biharichads how we doin, what have we been reduced to.

 

[Suryavanshi]

He is not completely wrong.What he is saying is that we should not solely focus on manufacturing.

By focusing on manufacturing alone,we will not become like China because in today's era manufacturing is dominated by machines.It will not create much employment for the masses.

I have already given you the example of fly ash.
Labour intensive jobs won't die out overnight.

 

[Suryavanshi]

TCS was also given a large tract of land. Kolkata New Town is an awesome place to live but office politics in Kol sucks.

Also very less scope except big names there aren't many startups.

 

[another_armchair]

Also very less scope except big names there aren't many startups.

There aren't too many options to switch to if your current job sucks. My cousin moved out of Kol to Pune couple of weeks back. Moving out of Kolkata was painful but no other choice.
Current role in the project offered zero growth so moving out was the only option.

Startups will set shop where they have access to a diverse talent pool.

Small ecosystems like Kolkata, Bhubaneswar with limited projects and skillsets don't offer much to startups.

Majority of these companies have legacy enterprise support contracts and most startups build their technology stack on opensource projects.

 

[Suryavanshi]

our middle class won't be able to afford it

Middle class and lower class will get an opportunity tho there are as many staff on a cruise as there are customers. Food, energy, room service you name it.

And it's probably good to plant our feet before any foreign company does.

 

[Physx32]

The Role Of State-Funded Agency DARPA In Growth Of U.S Semiconductor Industry And Lessons For India

The Defense Advanced Research Projects Agency (DARPA), the research and development agency of the United States Department of Defense responsible for developing emerging technologies for use by the military, has played a key role in growth of U.S Semiconductor industry.

swarajyamag.com

Gorment needs to actively support our critical industries and next gen endeavours (like semiconductors, display panel, etc.).

 

[Chandragupt Maurya]

Biharichads how we doin, what have we been reduced to.

Don’t fall for this trickery entire budget of Bihar is around 29 billion dollars while centre gives 41 billion dollars worth of MSP to Punjab alone a state with only 1/4th of the population of Bihar
Tax collection from a state or particular region can increase only when the centre invests in infrastructure like in Maharashtra , Delhi NCR , Gujrat , Tamil Nadu etc or gives billions of dollars worth of subsidies like in case of Punjab

 

[Chandragupt Maurya]

10 Point Something: What the Tajpur port project by Gautam Adani means for Bengal
The port will make eastern India efficient. Haldia is a port and no more; KOPT is a port and no more; Tajpur will be a port plus logistics management. Adani’s game is going to be larger than just the port. He will provide Bengal with a logistics backbone. During the last financial year, his port company reinvented itself as a transport utility. His port will not only provide an efficient transaction; it will also seek to carry cargo to wherever the customer needs it (Bihar, Eastern Uttar Pradesh, Nepal, Odisha or Jharkhand) in the shortest time and at the lowest cost.

10 Point Something: What the Tajpur port project by Gautam Adani means for Bengal

Mudar Patherya’s personal take on the world’s sixth richest individual entering the business arena of the east

www.telegraphindia.com

 

[angryIndian]

I have already given you the example of fly ash.
Labour intensive jobs won't die out overnight.

They won't replace overnight but that does not mean it's a slow and steady process either.

During my graduation period,Artificial intelligence was at its's infancy.Within just 6 years AI enabled machines replaced many of my workers.

Technology is growing at breathtaking pace,so much so that what was impossible just a few month back are now becoming a reality. Therefore the government and the society must be future ready.

 

[hit&run]

Will there be any breaking of the ice with EU?

Made in India cotton towels I bought lately are fragrant and pure.

 

[FalconSlayers]

Will there be any breaking of the ice with EU?

Made in India cotton towels I bought lately are fragrant and pure.

Yep

EU president visit likely to facilitate FTA talks with India

NEW DELHI: India and the European Union are looking to take forward their partnership as President of the European Commission, Ursula von der Leyen, reaches New

www.newindianexpress.com

 

[Haldilal]

Ya'll Nibbiars

 

[Haldilal]

Ya'll Nibbiars that's how you buy work permits/citizenship. Any one here wants to?. It will make many children of millionaire and billionaire to abodend their citizenship will obtain some European countries one or working and then citizenship in Amerika. So much for being Patriotis this businessmen are. The Mleecaha Redux is expected here's.

 

[Haldilal]

Ya'll Nibbiars The first step taken towards the world largest jewellery manufacturing park Navi Mumbai.

 

[Chandragupt Maurya]

@Haldilal
Indian Railways have prepared a National Rail Plan (NRP) for India – 2030. The Plan is to create a 'future ready' Railway system by 2030.

 

[sauntheninja]

@Haldilal
Indian Railways have prepared a National Rail Plan (NRP) for India – 2030. The Plan is to create a 'future ready' Railway system by 2030.
View attachment 152688

2030 tak toh mumbai ahmedabad hsr hi ban payegi

 

[The Saffron Knight]

The textile industry is an exception/outlier and not the norm. Even here things aren't good in any manner. Almost the same number of people are employed today as two decades back. The income the workers earn is only marginally better than what they would have earned as farmers. Most struggle to make ends meet, thus defeating the very purpose of social upliftment via industrialization.

And for the rest of the manufacturing sector, irrespective of the sectors, barring exceptions, the general norm is a shift towards mechanization and there is nothing that can stop it.

As I said you cannot meet the desired efficiency, production, and modern quality control with a human workforce. It requires machines.

My comments are not based on perception, it's based on my own experience working in this sector.

All i can say is that jobs will still be created but few and far between and will not be able to make major dent in the current unemployment crisis affecting the country.Therefore we should not live under any illusion that manufacturing is the key to uplifting the masses.

The manufacturing sector can help in improving the unemployment situation in India through the diversification of the production base. Where as scaling will require automation.

Manufacturing is still one of the biggest sources of employment in India. And that number will not be changing very soon.

The percentage of workforce in the industries has increased over the years even though at a much slower rate than the services sector.

The manufacturing sector has also shown resilience over the service sector during the pandemic for obvious reasons. And it is essential for the strategic automatically of India.

Though it's share with respect to gdp has decreased over the years.

This phenomenon is not just unique to India but is a trend among all major economies.

You see the only way to improve the situation of India is to divert the workforce from agriculture to industries & services.

And even with automation, every industry will require a threshold number of employees to operate. So a diverse manufacturing base can help in improving the employment rate. As the industries involved in manufacturing also require an ecosystem to sustain it. Which includes services, logistics, maintainance, marketing appart from the core sector of manufacturing.

Investment in manufacturing will always produce more jobs than just importing & reselling which is mostly the case for India.

 

[Chimpoo]

A much more balanced article by Manmohan Singh :

This is India’s moment of reckoning

The country can be the fulcrum of the new global order, as a peaceful democracy with economic prosperity

www.thehindu.com

So,basically Manmohan Singh is arguing against any Rupee-Rouble payment system for Russian commodities.

From the article:


"'This 'Global Village' was built on the foundation of advanced transportation networks, cemented with the U.S. dollar as the reserve currency and fenced by integrated payment systems. Any disruption to this delicate balance runs the risk of plunging the 'Global Village' into disequilibrium and derailing the lives of all.

.............

The American dollar has emerged as the global trade currency, bestowing an 'exorbitant privilege' on the dollar, much to the justifiable consternation of other nations. But a forced and hurried dismantling of this order and replacing it with rushed bilateral local currency arrangements can prove to be more detrimental for the global economy in the longer run.
I recall the time when I was part of bilateral currency negotiations such as the Indian rupee-Russian rouble agreement in the late 1970s and 1980s, when we mutually agreed on exchange rates for trading purposes. Such isolated bilateral agreements are fraught with risks, but when trade is a small share of the economy and such agreements are limited to a few trading partners, it was wieldy.

Needed, ties on either side
Now, with India's robust external sector, a flourishing trading relationship with many nations and tremendous potential to expand trade, such bilateral arrangements are unsustainable, unwieldy, and perilous. Opportunities to buy discounted oil or commodities may be enticing but if it entails a prolonged departure from the established order of dollar-based trade settlement or jeopardises established trading relationships with western bloc markets, it can have longer term implications for India's export potential.

In the long run, India stands to gain more from unfettered access to the western bloc markets for Indian exports under the established trading order than from discounted commodities purchased under new bilateral currency arrangements that seek to create a new and parallel global trade structure."

 

[Chandragupt Maurya]

2030 tak toh mumbai ahmedabad hsr hi ban payegi

My plan is to take it till Bangkok and Singapore either via Siliguri corridor or via Bangladesh or via both routes but i am determined and i will take it till Singapore
And even on the face of armageddon I wouldn’t compromise