Indian Economy: News and Discussion

[shade]

US solar boom opens $2 billion India door to banned products from China

India's largest solar producer, Waaree Energies Ltd., has sent millions of panels to the US with components from a Chinese company whose products were repeatedly denied entry to the US market over concerns about forced labour.

www.livemint.com

These companies need the govt to go with a stick after them to prevent baniyagiri.
That said the US would be ok with importing Chinese solar panels with a "made in vietnam" sticker though.

 

[Crazywithmath]

Gloomberg's rAndy wouldn't like the Assian taiga's political system that made their high per capita GDP possible though.

His projections are like a kiss of death. Everything he bets on turns into shit. A few instances;

1. Bet on PayTM. We all know how that turned out.
2. Hyped BD economy. Barely a year and a half in, BD went running to the IMF.
3. Projected doom and gloom over India. Indian economy started breaching 7% consistently.
4. Went bearish on India and bullish on china. Look how those chinese stocks are performing now.

 

[shade]

His projections are like a kiss of death. Everything he bets on turns into shit. A few instances;

1. Bet on PayTM. We all know how that turned out.
2. Hyped BD economy. Barely a year and a half in, BD went running to the IMF.
3. Projected doom and gloom over India. Indian economy started breaching 7% consistently.
4. Went bearish on India and bullish on china. Look how those chinese stocks are performing now.

The Burkha Dutt of Economics.
100% strike rate

 

[shade]

US solar boom opens $2 billion India door to banned products from China

India's largest solar producer, Waaree Energies Ltd., has sent millions of panels to the US with components from a Chinese company whose products were repeatedly denied entry to the US market over concerns about forced labour.

www.livemint.com

These companies need the govt to go with a stick after them to prevent baniyagiri.
That said the US would be ok with importing Chinese solar panels with a "made in vietnam" sticker though.

Generic drugs made in India rely heavily on China-made ingredients

www.deccanherald.com

Another article from Gloomberg complaining about Indian generic drugs using Chinese APIs as it's some new fact.

 

[angryIndian]

China has lost its manpower advantage and natural from this stage is to move to knowledge based economy which has not happened in China. Today, China has no monopoly in manufacturing.

Who told that China has not moved on to a knowledge-based economy?

China has almost caught up with India in the IT sector with Huawei,ByteDance, Alibaba, and Tencent being amongst the dominant players in world. Also,China is miles ahead of India in cutting-edge technologies like artificial intelligence, 5G, and robotics.

 

[Crazywithmath]

Generic drugs made in India rely heavily on China-made ingredients

www.deccanherald.com

Another article from Gloomberg complaining about Indian generic drugs using Chinese APIs as it's some new fact.

Typical Gloomberg article. One isolated incident mentioned - no statistics, no charts, no figures - nothing. Does not mention Pharma/Bulk Drugs PLI either.

 

[thebakofbakchod]

Who told that China has not moved on to a knowledge-based economy?

China has almost caught up with India in the IT sector with Huawei,ByteDance, Alibaba, and Tencent being amongst the dominant players in world. Also,China is miles ahead of India in cutting-edge technologies like artificial intelligence, 5G, and robotics.

What do you mean caught up? They are light years ahead of India in the IT sector, and have been for almost 15+ years. Wake me up when a single Indian company can deliver a internationally popular product like Tiktok. Right now indian companies have 0% market share in virtually every important sector of the tech world, from search engines, to email, maps and video sharing, to cloud computing. Even our messaging platform is completely controlled by Facebook (whatsapp, instagram).

 

[thebakofbakchod]

Generic drugs made in India rely heavily on China-made ingredients

www.deccanherald.com

Another article from Gloomberg complaining about Indian generic drugs using Chinese APIs as it's some new fact.

Its true, but many new API plants are coming online now, slowly manufacturing certain chemicals that we used to import. But still modi government has been sitting on their ass and doing nothing about the bulk drug parks announced years back. Not a single one has become operational (or even start construction). Modinomics in a nutshell. The only one that deserves credit are gujjus

115 API manufacturing units to come up in Gujarat | Ahmedabad News - Times of India

Reducing its import dependence, one innovation at a time, Gujarat's pharmaceutical landscape is soon to change and evolve. With some 115 new plants ge

timesofindia.indiatimes.com

Gujarat set to get Rs 3,000cr investment in pharma sector | Ahmedabad News - Times of India

Known as the pharmacy of India, Gujarat continues to attract significant investments in the pharma sector. Estimates from top state government source

timesofindia.indiatimes.com

Many large API plants in Dahej will become operational in the next few years.

 

[thebakofbakchod]

Even the PM Mitra park has been on paper for years. What exactly is causing such a delay? It is not rocket science to build a 1000 acre industrial park. One thing Modi 3.0 needs to do is to crack a whip and fire every minister who delays projects such as these.

Centre to finalize all SPVs for PM MITRA parks in early 2024

The special purpose vehicles will be established across seven states to boost the textile sector

www.livemint.com

Clowns have still not finalized the funding structure. No wonder our garment export growth is lagging behind the kanglus

 

[shade]

What do you mean caught up? They are light years ahead of India in the IT sector, and have been for almost 15+ years. Wake me up when a single Indian company can deliver a internationally popular product like Tiktok. Right now indian companies have 0% market share in virtually every important sector of the tech world, from search engines, to email, maps and video sharing, to cloud computing. Even our messaging platform is completely controlled by Facebook (whatsapp, instagram).

Chinkies don't have either globally, only in their precious middle kingdom do they have those.
Alas, we are not a one party surveillance state but a randikhana democracy, so all google, faceberg, whatsapp came in, whereas in China they made Baidu search, QQ/WeChat etc

Even TikTok is a copy of Vine which that gandu nose-ring wearing homosexual of Twitter bought and shut down.

Rest of the chinkshit popular in the West are just shopping apps like Temu and Shein selling cheap chinkshit products to soulless Western cuntsoomers.

 

[thebakofbakchod]

Chinkies don't have either globally, only in their precious middle kingdom do they have those.
Alas, we are not a one party surveillance state but a randikhana democracy, so all google, faceberg, whatsapp came in, whereas in China they made Baidu search, QQ/WeChat etc

Even TikTok is a copy of Vine which that gandu nose-ring wearing homosexual of Twitter bought and shut down.

Rest of the chinkshit popular in the West are just shopping apps like Temu and Shein selling cheap chinkshit products to soulless Western cuntsoomers.

Yes that is what i am referring to. They have their own enclave/clones of everything. Even the koreans have them. Why are our 200iq IIT tech or startup bros not trying to do the same? All their clone attempts were laughable in comparison. Remember koo? TikTok is a extension of musically built by bytedance, which was a "inspiration" (clone) of vine. But one thing musically did well was their algorithms were really good at getting you hooked.

 

[angryIndian]

Chinkies don't have either globally, only in their precious middle kingdom do they have those.
Alas, we are not a one party surveillance state but a randikhana democracy, so all google, faceberg, whatsapp came in, whereas in China they made Baidu search, QQ/WeChat etc

Even TikTok is a copy of Vine which that gandu nose-ring wearing homosexual of Twitter bought and shut down.

Rest of the chinkshit popular in the West are just shopping apps like Temu and Shein selling cheap chinkshit products to soulless Western cuntsoomers.

Those Chinese shopping apps and video reel apps make more than our IT titans

For example, ByteDance,a company set up by two college grads in 2012 is now a more than 200 billion $ + company with an annual revenue of 85 billion $, in comparison Infosys a company started in 1981 has a market cap of 85 billion $ and annual revenue of 19 billion $.

 

[shade]

Yes that is what i am referring to. They have their own enclave/clones of everything. Even the koreans have them. Why are our 200iq IIT tech or startup bros not trying to do the same? All their clone attempts were laughable in comparison. Remember koo? TikTok is a extension of musically built by bytedance, which was a "inspiration" (clone) of vine. But one thing musically did well was their algorithms were really good at getting you hooked.

Nobody will give funding for startup walas knowing there are established players.

You talk about Korea but there is the language barrier there, that is what slowed the phoren penetration of their market and allowed Daum Kakao to launch over 9000 software products and services.

Similarly the neighboring Weebistanis have Yahoo Japan as the NUMBA WAN search engine, not Boogle, because the Yahoo is just a trademark and the actual running of that company and tech was by Japanese for Japanese language using consumers.

You also have Yandex of Russia, their search engine, they also have their own immersed in Vodka SM called VK, their own email providers etc

The language barrier was good enough to give local companies first mover's advantage.

Meanwhile here everyone has a workable understanding of english aur hindi bhi aise likhte hai, एसा नहीँ
Had to ask Googliya to write in devnagri for me, keyboard is Latin alphabet only, kya kare

Then again idhar ke chutiye hai, Flipkart had first mover's advantage but they shat the bed and now Lex Luthor's company dominates e-commerce.

 

[Suryavanshi]

Yes that is what i am referring to. They have their own enclave/clones of everything. Even the koreans have them. Why are our 200iq IIT tech or startup bros not trying to do the same? All their clone attempts were laughable in comparison. Remember koo? TikTok is a extension of musically built by bytedance, which was a "inspiration" (clone) of vine. But one thing musically did well was their algorithms were really good at getting you hooked.

Also they have tencent and some mobile games which are quite famous in SEA.
Having their own YouTube, Meta, Twitter ecosystem does help a lot.

Meanwhile we have Zoho which does provide some services that google does, sarkar does what with it?

No long term strategic vision.

Exact reason why our gormint psu fail, chinese psu at least are the backbone of Chinese industries during its nascent years.
Meanwhile most indian steel mills are importing machines from Italy, China, Japan and Korea.

 

[Suryavanshi]

For starters the gormint can Start by making their own AWS. Oh wait than they would have to recruit 40% general, 10% ews, 30% OBC, 10% ch@m@r and 10% tribes

 

[shade]

For starters the gormint can Start by making their own AWS. Oh wait than they would have to recruit 40% general, 10% ews, 30% OBC, 10% ch@m@r and 10% tribes

https://www.nic.in/servicecontents/national-cloud/

They do, it's based on something called OpenStack for the software( open sources ofc )
Also it's sarkari sites only, not for us public mooks

https://cloud.gov.in/

 

[ezsasa]

https://www.nic.in/servicecontents/national-cloud/

They do, it's based on something called OpenStack for the software( open sources ofc )
Also it's sarkari sites only, not for us public mooks

https://cloud.gov.in/

in pipeline for the "public mooks".
=======
Meity may seek Cabinet approval for Rs 10,000 cr India AI programme

https://www.business-standard.com/industry/news/meity-to-seek-cabinet-approval-for-rs-10-000-crore-india-ai-program-124012300872_1.html

 

[IndianHawk]

platitudes aside, the fact that a decade ago talking points murican bureaucrats of his department were mostly about convincing India on clean energy, energy transition blah blah. to now them talking about adopting three wheeler ev in their cities is quite a distance that the govt to govt discussions have travelled. the effort and resources GoI has invested to get here is a story in itself.

in my view, our three wheeler ev are a success story that is not highlighted enough, in terms of non-fossil fuel based last mile mass transport.

West will be astounded when it will understand our upcoming 2 wheeler ev revolution too. They simply don't comprehend India unless somebody takes pain to educate them thoroughly.

They still don't understand fully what UPI has done.

 

[shade]

West will be astounded when it will understand our upcoming 2 wheeler ev revolution too. They simply don't comprehend India unless somebody takes pain to educate them thoroughly.

They still don't understand fully what UPI has done.

Thank God the gora didn't manage to tank it when it was in it's infancy.
Otherwise we would be stuck here with different e-wallets, most of which would be owned by gora companies.

Now UPI is too big to be taken down, all e-wallet apps including by goras are forced to keep it.

 

[FalconSlayers]

Wall Street snubs China for India in a historic markets shift

Investors are paying close attention to the contrasting trajectories of two of Asias greatest powers. India, the worlds fastest-growing major economy, has vastly expanded infrastructure under Prime Minister Narendra Modi in his bid to lure global capital and supply lines away from Beijing...

m.economictimes.com

That momentum is triggering a gold rush. The $62 billion hedge fund Marshall Wace has positioned India as its biggest net long bet after the US in its flagship hedge fund. An arm of Zurich-based Vontobel Holding AG has made the country its top emerging-market holding and Janus Henderson Group Plc is exploring fund-house acquisitions. Even Japan’s traditionally conservative retail investors are embracing India and paring exposure to China.
If the nation continues to expand at 7%, the market size can be expected to grow on average by at least that rate. Over the past two decades, gross domestic product and market capitalization rose in tandem from $500 billion to $3.5 trillion.

Morgan Stanley predicts India’s stock market will become the third-largest by 2030. Its weight in the MSCI Inc.’s benchmark for developing-market equities is at an all-time high of 18%, even as China’s share has shrunk to its lowest on record at 24.8%.

Japan’s retail investors, who have traditionally favored the US, are also warming up to the country. Five of their India-focused mutual funds now feature among the top 20 by inflows. Assets at the largest — Nomura Indian Stock Fund — are at a four-year high

India’s once-insular financial markets will continue to open up. With foreign ownership just above 2%, the nation’s $1.2 trillion sovereign-bond market is being added to JPMorgan Chase & Co’s global debt index from June. The move may lure as much as $100 billion of inflows in the coming years, according to HSBC Asset Management.

Is it any good though? Our market cap today touched $4.72 trillion. Thats $1.1 trillion more than our GDP.