Indian Economy: News and Discussion

dfcool

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whats with the number of people dying at such young age. Either something is wrong with Indian genetics or the diet or both...
die young = desk job + fast food + biryani (leads to diabetes, heart attack etc)
sometimes genetics also play some role.

I have seen many people in rural areas who are 60yr+ working 9-12hr in agriculture fields everyday.
 

asaffronladoftherisingsun

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I avoid you because you love to derail threads into a personal dung throwing slugfest. This is evident from this very post of yours filled with nothing but abuses.I don't wish to trouble moderators.
You certainly can never arse me on this so do not dare tag me again.

As for my criticism, It is my genuine concern and not some jealously driven drivel.
Sod off now you ignoramus dopey cumbersome whinetard. No amount of education can redeem that lulzy semi literate arse of yours. Now as expected chaddistichers are at the door of imf with begging bowl. But that also you had retarded-ly consider some remarkable achievement only to viciously badmouth your own countrymen.

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It's public knowledge that the quality of STEM-related research work and higher education in India is not upto mark because of a serious lack of investment.At R&D spending of just 0.7% of GDP,Our R&D spending is far lower than most of our peers. There are just a handful of Government institutions (IISC,IIT's,CSIR,NAL) that carry out international standard R&d work. And in the private sector, it's mostly absent.
You do understand stem thingy is pretty new and at beginning phase in India. But if taken whole south Asian and south east asian and west of South Asia in general then we are only next to China. Despite that both China and India send students in record numbers to amreekunts. Thats why in stem fields like cs, which serve as talent pipelines for the likes of google,Microsoft - About upto 70 -80 percent of candidates and almost percent in master’s programs last year are international students there.


India, though is in the right direction but the effort is far from sufficient, especially when compared to our primary arch-nemesis.
Decide what is arch nemesis again. Nevertheless Indx-Techstyle has dispatched the quality education already.

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asaffronladoftherisingsun

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Sorry this is the thing i dislike the statement:- At least we are higher than Bangladesh and Pakistan.

Has India fallen so low that we are gloating about our supremacy over bottom-of-the-heap countries?
Just months ago you were making that ridiculous comparison before getting owned. :rofl: :rofl: :rofl:

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Haldilal

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Oyo has the potential to turn it around nibba. Wait a year or two before you write its obituary.
Ya'll Nibbiars unless agarwal is thrown out not gonna happen and with what happened to zomato. The OYO is a also failure for its Valuations.
 

indus

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They show that infamous Japan elite attitude man. They can outright dominate from 25k and above if they are serious but they are just lazy.

Another example is Honda. Could not able to do any shit. Even Toyota able to bring Hyryder after getting traction from Suzuki.

Toyota - Innova, Fortunner, Vellfire, Glanza, Urban Cruiser, Hyryder.

Honda - City, Amaze. (Running for decade)
Japanese IMO are slow to adapt to the changing economic dynamics. Both Honda, Toyota had a classical line up with a sedan, executive sedan an SUV. Honda had City, Civic, Accord and CrV as SUV. Toyota had similar line up with Corolla, Camry, Fortuner. But in the last decade with the expanding middle class many sub- sections of the categories opened up. The compact SUV category created by Renault Duster, expanded by Ford Ecosport and finally dominated by Maruti Brezza, Hyundai Creta. Then another category opened below compact SUVs called sub compact segment and while other brands filled up the space Honda, Toyota remained out of it.
Then their Executive sedans were so costly that they touched price with the German luxury brands so consumers preferred the luxe brands than a costly Japanese.
Further, both did not have any Hatchbacks in India market so remained out of a major chunk of market while Suzuki and Hyundai built their revenues on it. Honda s Jazz was in out of shape and came out later.
Toyota launched cheaper options like Etios, Liva, Yaris but it was too late by then so, they have decided to build only SUV, MPVs and Honda has also reduced it's portfolio to core products City, Amaze.
 
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Arjun Mk1A

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Economic Sutra by Sanjeev Sanyal. Explained the economic situation of our country from Independence to till now. Part - 1. Currently ended before 1991 - liberalization.

Some major findings:
1. From 1970 - 1985 (IG period and JD period). We basically screwed the economy at the maximum speed.
2. SS also criticized the Socialism as more bane than helpful to us.


Great episode with some iconic old ads of Nirma, Bajaj, DD etc.
 

Arjun Mk1A

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Japanese IMO are slow to adapt to the changing economic dynamics. Both Honda, Toyota had a classical line up with a sedan, executive sedan an SUV. Honda had City, Civic, Accord and CrV as SUV. Toyota had similar line up with Corolla, Camry, Fortuner. But in the last decade with the expanding middle class many sub- sections of the categories opened up. The compact SUV category created by Renault Duster, expanded by Ford Ecosport and finally dominated by Maruti Brezza, Hyundai Creta. Then another category opened below compact SUVs called sub compact segment and while other brands filled up the space Honda, Toyota remained out of it.
Then their Executive sedans were so costly that they touched price with the German luxury brands so consumers preferred the luxe brands than a costly Japanese.
Further, both did not have any Hatchbacks in India market so remained out of a major chunk of market while Suzuki and Hyundai built their revenues on it. Honda s Jazz was in our of shape and came out later.
Toyota launched cheaper options like Etios, Liva, Yaris but it was too late by then so, they have decided to build only SUV, MPVs and Honda has also reduced it's portfolio to core products City, Amaze.

Honda is officially done honestly. Nothing to expect from them, even current quality of their cars are poor compared to older gen. Market is getting saturated. As much MSIL and TKM going with Hyryder and Grand Vitara they don't have necessary engines something the Hyundai and Kia have tonnes of options in engines and transmissions.

Simply the Koreans are outright beating them in quality and performance.
 

rockdog

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None, Indian manufactururs or for that matter any non-chinese cos are required to open a plant in China itself to sell their products. Also china does not give market access to services industry of India as well.
Wrong. One side Xiaomi China gave some contract to Mahindra IT in China,i knew it since i do business with Mahindra.

On another client,i outsourced half million USD contract to an Indian IT firm 2021,i wired money to India nobody stop me.

Plz don't bullshit

In fact,i can feel the government wish the trade between China and India would be more balanced. But India manufacture is too weak to export. And your service industry is mostly western oriented.

For banning India service & goods? Even during 2020 the government didn't do so. Not because ccp like India just because the India export is not that important by volumn.
 
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blackleaf

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Who tells you that?
The old JV requirement was only set for the assembling of final products, such as TV, car, mobile, etc, which were only representing a part of sales. For example, if you set up a factory to assemble Toyota Camry, then you sell sell other car models from external factories.

Now this law is removed.

For the non-Chinese core part, there is no law requiring JV because this is also related to the law of foreign companies' homeland which prohibited this kind of move. But if you offer a JV of core part production in the deal, the Chinese government will reward you for this by add you into the favorite list of government purchase.
Wow! China really is the expert on non-tariff trade barriers. I'm sure having a JV law that forces companies to move manufacturing to China in exchange for market access is perfectly in line with free and fair trade. Who needs tariffs when you can just have a list of government list for favoured procurement.
 

DimetrodonX

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Wrong. One side Xiaomi China gave some contract to Mahindra IT in China,i knew it since i do business with Mahindra.

On another client,i outsourced half million USD contract to an Indian IT firm 2021,i wired money to India nobody stop me.

Plz don't bullshit

In fact,i can feel the government wish the trade between China and India would be more balanced. But India manufacture is too weak to export. And your service industry is mostly western oriented.

For banning India service & goods? Even during 2020 the government didn't do so. Not because ccp like India just because the India export is not that important by volumn.
Sorry but did CCP write this script for you. We know what China is, very well, you don't have to white wash what is happening.

Playing victim card after dumping cheap Chinese stuff in foreign countries even by incurring a loss initially. Then once the local industries are all shut down, the Chinese take control of the entire sector.
 

blackleaf

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How is this an achievement? With the same demographics as China, we are filing 10 times lesser number of papers.

This rather reflects poorly on the country as even to this date, the government does not spend sufficiently on Research and Development nor is the lab infrastructure is anywhere closer to acceptable levels.In my college and internship days, i had to buy my own GPU system for Designing and analysis purposes because the institution did not provide them.
And then there is the old issue of Thesis plagiarism which is still happening to this day.

This is the reason why it's usually not preferred to pursue a masters and PhD in India.
This is more than countries like Japan and South Korea and similar to where China was 15-20 years ago. 15 years isn't that long ago.

Ten years from now India should be much higher on the list.
 

rockdog

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Sorry but did CCP write this script for you. We know what China is, very well, you don't have to white wash what is happening.

Playing victim card after dumping cheap Chinese stuff in foreign countries even by incurring a loss initially. Then once the local industries are all shut down, the Chinese take control of the entire sector.
I was talking about truth,if it makes you uncomfortable it's ur own business.

I had meeting with Indian partner every week. We only care about how to finish project together then both sides would make money.

All i knew is,the government didn't set any barrier on your service industry here,i can sign agreement and wire money to India freely.

Comparing modi administration banned all the apps by Chinese company overnight, our government really seems did nothing.
 

DimetrodonX

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I was talking about truth,if it makes you uncomfortable it's ur own business.

I had meeting with Indian partner every week. We only care about how to finish project together then both sides would make money.

All i knew is,the government didn't set any barrier on your service industry here,i can sign agreement and wire money to India freely.

Comparing modi administration banned all the apps by Chinese company overnight, our government really seems did nothing.
Why would it make me uncomfortable.

It just makes me angry that the government lets the Chinese companies have a free run in our economy after they literally carried out incursions in our border when India was crippled by their Wuhan virus.

The Chinese companies are literally siphoning back thousands of crores of revenue through tax evations.

Your hunky dory service sector doesn't represent the larger picture of predatory trade practices of China.
 

afako

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I will always remember and admire Jhunjhunwala for showing economists their real place.

Jhunjhunwala taught us, never believe in words of economist. (Mare muh ke hamesha manhus khabar dene wale )

Om Shanti 🙏🙏🙏
Economists have never created jobs, have never run business, never created wealth. They just go by book and add race gender and other nonsense into mix you are looking for a cluster fuck advice from such people.
 

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