Indian Economy: News and Discussion

[Lonewolf]

Saffronized Vande Bharat.

And that's what I call a good colour scheme

 

[Haldilal]

Ya'll Nibbiars

The Disney India at brink of getting Wind Up.

The Disney wants to pare back the business it acquired in 2019 through its acquisition of entertainment assets from Fox. And No wonder, the latest earnings from the dwilding company show it is suddenly an also ran in the cutthroat emerging market. Even if Disney's management can find a buyer or joint venture partner, a fairy-tale ending will elude the Magic Kingdom.

The negative turn in the U.S. company’s digital fortunes was partly its own choosing. It allowed itself to be outbid last year, handing the streaming rights for Indian Premier League cricket through to 2027. And in April. The Subscribers on the Disney+ Hotstar app, which covers India, plummeted by 40 percent to less than 2 crore in the six months through to July 1. Average revenue per user held steady at 40 rupees annualy, and spneds 40 time that amount to produce and host the shows. but its comparable business in the United States and Canada generates 7.31 dollars per user annually.

An ideal outcome would be to merge with a local rival. The Indian enterprise was valued at 14 billion dollads at the time of the Fox deal. The Disney would be lucky to get even a small fraction of that with industry and analyst estimates ranging from anywhere between 5 billion dollars to as low as 1 billion dollars.

This is the wind up of the Disney India active here since the 1994.

 

[sameer3694]

But asking them to assemble here and get some gibs me dats is not?



Anyway this all depends if Govt is going to stand by it's plan and not give in to pressure from our "Greatest Ally"

Originally, I thought this was a bad idea, but TBH I don't think there is any other way to get them to manufacture here.

The best time to attract these kind of investments was between 1990's -early 2010's during the peak globalization era, and, of course China, Thailand, Malaysia and later Vietnam accepted these investments with both hands.

Meanwhile, our babus and politicians were singing naaras like "Saar, India will directly go from an agrarian economy into services industry saar, don't need that much manufacturing saar. We will leapfrog to services economy saar". This kind of thinking is still prevalent among the luytens congi elite of RRR and the like. Sometimes I wonder if they've even looked at our GER ratios and the % of people who get a teritiary degree. The current education and literacy levels in India aren't fit for mass scale services industry.

Cut to the chase today, we're just too late to the game. Like a freaking full 2-3 decades late. So no other alternative except to resort to Munna bhai Dadagiri tactics like this and hope they stick. I'm pretty sure that November deadline will get pushed further to April and so on indefinitely. Once we get more commitments or MOU's to manufacture, our babus may withdraw that rule.

 

[Tejbrahmastra]

Cabinet Approves $320B Rail Expansion, Freight Corridor Shift

Cabinet nod for $320B rail expansion, aligning with PM-Gati Shakti plan

www.constructionworld.in

While this development shifts the focus from exclusive freight corridors, Railway Minister Ashwini Vaishnaw clarified that the intent is to optimise the entire transportation network, encompassing rail, road, and waterways, based on the evolving demands and needs of the nation. The aim remains to bridge gaps and enhance connectivity in the most efficient manner.

 

[ezsasa]

Cabinet Approves $320B Rail Expansion, Freight Corridor Shift

Cabinet nod for $320B rail expansion, aligning with PM-Gati Shakti plan

www.constructionworld.in

While this development shifts the focus from exclusive freight corridors, Railway Minister Ashwini Vaishnaw clarified that the intent is to optimise the entire transportation network, encompassing rail, road, and waterways, based on the evolving demands and needs of the nation. The aim remains to bridge gaps and enhance connectivity in the most efficient manner.

headline is wrong, it was 32000 crore ₹, not 320 b $.

 

[skunk works]

What exactly are we doing about this?
View attachment 218827

I don't like this metric. Research papers are the worst things to count number-wise. Very, very subjective number. Chinese papers are not even accepted in the west without accreditation.

 

[another_armchair]

I don't like this metric. Research papers are the worst things to count number-wise. Very, very subjective number. Chinese papers are not even accepted in the west without accreditation.

Good number of those papers are ghost written by others and the Chinese pay really good money for it.

My friend dropped out of his PhD due to some differences with his prof, found a job in the US and worked for a while before coming back to India. He wrote three papers for PhD scholars from China, a few more from the Middle East fetching him a minimum of INR 5 lakhs and this was almost 8 years ago.

 

[Concard]

Good number of those papers are ghost written by others and the Chinese pay really good money for it.

My friend dropped out of his PhD due to some differences with his prof, found a job in the US and worked for a while before coming back to India. He wrote three papers for PhD scholars from China, a few more from the Middle East fetching him a minimum of INR 5 lakhs and this was almost 8 years ago.

Their promotions and salaries are linked to how many papers they publish, never mind the fact that whether it is published in major journals and conferences or whether their papers are cited by vast majority of researchers to build upon further research which actually indicates the impact a scientific paper had on the field. That is why it is better to publish 1 paper per year in my opinion and make sure it adds some real value to the field or helps other researchers in the future to solve some particular problem. But academia is a cut throat world where you are asked to publish or perish in order to get a tenured position.

So people publish whatever it takes sometimes resorting to fraud or publishing in payed journals. These days even reviewers have a hard time separating wheat from the chaff. Some people have even resorted to asking others who are in the same field to cite their papers so their papers get visibility to a wider audience. All in all quality research is hard to come by these days.

 

[spacemarine2023]

Good number of those papers are ghost written by others and the Chinese pay really good money for it.

My friend dropped out of his PhD due to some differences with his prof, found a job in the US and worked for a while before coming back to India. He wrote three papers for PhD scholars from China, a few more from the Middle East fetching him a minimum of INR 5 lakhs and this was almost 8 years ago.

Majority of published papers are not aiding in any further research
This is the state of academic publishing:

**Pressure to Publish**: The "publish or perish" culture in academia forces researchers to publish regularly. This has lead to a quantity-over-quality approach.
Universities and institutions often reward quantity (number of publications) rather than the transformative impact of a paper.
There is a Reproducibility Crisis**: majority of papers the reproducibility of published findings in non attainable . This means that some results cannot be replicated by other researchers.
**Varying Quality of Peer Review**: The peer review process is intended to maintain quality, Majority papers are not rigorously reviewed before publication.
**Misaligned Goals**: Some research might be conducted with goals other than the advancement of knowledge, such as for the sake of securing funding or pleasing corporate sponsors(Basically simple survey like why whiskey or poison is good for pregnant ladies health )

I say on 5% published papers are good but they all are behind paywalls, require good dollahs to get the theory then there requires lots of hand holding for actual reproduction not to mention the resources.

Only path breaking research is taking place in big corporations R&D centres and Universities take decades to catch and publish, and nowadays there is a business good free lancing opportunity to share shit quality research done in school labs which esteemed PhDs buy to pass and clueless professors dont bother to verify and yes citation is easy

 

[RoaringTigerHiddenDragon]

Women have doing very good in corporate sectors especially in IT and BFSI, the middle class women employment rate have changed quite drastically in last one decade, its the poor where we have been failing. Had we applied Chinese model or even Bangladeshi model for the poor strata of women would have have more than 33% women labor participation!!

what they don’t say is who will take care of the children if both parents are working. Sure GDP top line will increase but what about the family structure, quality of life. Not only that in india women take care of our elderly too. Then we can say get child care or elder care. That means paying for care and not actually being with your family. This is the western model which the East Asians including Chinese have copied and has led to massive family issues. Sure gdp has gone up but at what cost? Destruction of culture and family values with massive divorce and suicide rates, custody battles in courts and on and on. I don’t like the GDP going up at the cost of our culture and family values. GDP has to go up to make life of people better and not because we want to be at a certain number. I hate these western shitposts that constantly focus on GDP growth without thinking about the costs of achieving that growth.
We need to look at whether people’s lives are getting better. It is India’s pharmaceutical generic drugs, wide availability of UPI, lower public transport costs, cheaper urban living and eating that has kept people out of debt inflation that is tearing apart all of the western countries and east Asia societies.

 

[FalconSlayers]

 

[Shuturmurg]

what they don’t say is who will take care of the children if both parents are working. Sure GDP top line will increase but what about the family structure, quality of life. Not only that in india women take care of our elderly too. Then we can say get child care or elder care. That means paying for care and not actually being with your family. This is the western model which the East Asians including Chinese have copied and has led to massive family issues. Sure gdp has gone up but at what cost? Destruction of culture and family values with massive divorce and suicide rates, custody battles in courts and on and on. I don’t like the GDP going up at the cost of our culture and family values. GDP has to go up to make life of people better and not because we want to be at a certain number. I hate these western shitposts that constantly focus on GDP growth without thinking about the costs of achieving that growth.
We need to look at whether people’s lives are getting better. It is India’s pharmaceutical generic drugs, wide availability of UPI, lower public transport costs, cheaper urban living and eating that has kept people out of debt inflation that is tearing apart all of the western countries and east Asia societies.

Is there any other model ? All developed countries have developed like this.

 

[Tejbrahmastra]

what they don’t say is who will take care of the children if both parents are working. Sure GDP top line will increase but what about the family structure, quality of life. Not only that in india women take care of our elderly too. Then we can say get child care or elder care. That means paying for care and not actually being with your family. This is the western model which the East Asians including Chinese have copied and has led to massive family issues. Sure gdp has gone up but at what cost? Destruction of culture and family values with massive divorce and suicide rates, custody battles in courts and on and on. I don’t like the GDP going up at the cost of our culture and family values. GDP has to go up to make life of people better and not because we want to be at a certain number. I hate these western shitposts that constantly focus on GDP growth without thinking about the costs of achieving that growth.
We need to look at whether people’s lives are getting better. It is India’s pharmaceutical generic drugs, wide availability of UPI, lower public transport costs, cheaper urban living and eating that has kept people out of debt inflation that is tearing apart all of the western countries and east Asia societies.

Westernization is already prevalent in metro cities. Meet any working girl for marriage, no one wants to live with their in-laws( let alone care for them ), even if they have their homes. Most of them prefer having a nuclear family with occasional family visits.
Lets not talk about the hookup culture, cheating post marriages and alarmingly high divorce rate among the working peeps in metros. Its a very different world out there!! And its an inevitability, more and more the women gets empowered, more will they want to be closer to western culture.

 

[Shuturmurg]

Westernization is already prevalent in metro cities. Meet any working girl for marriage, no one wants to live with their in-laws( let alone care for them ), even if they have their homes. Most of them prefer having a nuclear family with occasional family visits.
Lets not talk about the hookup culture, cheating post marriages and alarmingly high divorce rate among the working peeps in metros. Its a very different world out there!! And its an inevitability, more and more the women gets empowered, more will they want to be closer to western culture.

Maybe its not westernization but industrial lifestyle. Birthrates have come down even in non-resource based Muslim countries where the economy is moving to some kind of industrialization like turkey (fertility rate 1.9), indonesia and Banglus (fertility rate 2) and Iran (fertility rate 1.7)

 

[Tejbrahmastra]

Maybe its not westernization but industrial lifestyle. Birthrates have come down even in non-resource based Muslim countries where the economy is moving to some kind of industrialization like turkey (fertility rate 1.9), indonesia and Banglus (fertility rate 2) and Iran (fertility rate 1.7)

Yep, working couples simply don't have enough energy to make more than two children. And in this age and inflation, 1 is more than enough!!

 

[FalconSlayers]

Bangalore Signature Business Park (kind of an Aerocity) being built next to the International Airport of Bangalore on 407 acres of land.

 

[RoaringTigerHiddenDragon]

Is there any other model ? All developed countries have developed like this.

Ultimately it is debt taken to own a home that really impacts as most people spend 30-50% of income on home loans. So keep the land and home prices low so people can pay off loans in 10-15 years. Keep food and water prices under control. Keep medical costs low. However this requires governments to work at highly efficient levels with zero corruption. Women who want to work let them work. But many women want to take care of children. The economy should not get to a point where women who want to care for their families should be forced to work. This is what is happening in the west - it is not work by choice, it is forced upon the society there. Even 70-80 years old end up working. We simply do not want GDP to grow like that.

A bold government that can take on Wall Street is needed. With things like UPI, generic pharma, cheap food etc Indian governments do manage to keep the expenses low so people can save. The quality of goods we consume is not all that great. But if having much higher quality of goods means getting into much higher debt, that should be avoided.

 

[Bhaubai]

Based indian company

 

[nongaddarliberal]

What exactly are we doing about this?
View attachment 218827

Making Ashoka university which contributes to scientific journals by analyzing the relationship between caste discrimination and the climatic impact from cow methane.

 

[Haldilal]

Ya'll Nibbiars