Indian Economy: News and Discussion

[Shuturmurg]

the guy seems to KR based, quite possible for karnataka, especially away from TN border. Karnataka grew fast without supporting training infra.

This is case across most of India. Our blue collar workers mostly can't operate independently and need lot of supervision.

 

[thebakofbakchod]

https://indianexpress.com/article/cities/mumbai/maharashtra-task-group-rowdy-elements-troubling-industries-9367827/

There has been many news reports of factories shifting to Gujarat due to these thugs and extorters. about time they are put down

 

[Haldilal]

Ya'll Nibbiars The Ahluwalia won tender of 2,157 Crore rupees for Civil Works of the World's largest Diamond Cluster at Mahape, Navi Mumbai, Mumbai MR. The Time period is 2.5 years and to ready and opertional by 2027. The official building is B+G+16 floors on 95 years leased land parcel.

 

[ezsasa]

This is case across most of India. Our blue collar workers mostly can't operate independently and need lot of supervision.

it can't be a blanket statement. there will be a logic to it.

my observation has been, even with in a group company, there is difference in work culture of a newly established plant and a plant which has been existence for a few decades. new plants take time to stabilise.

India's private manufacturing story is just three decades old.

 

[jai jaganath]

 

[SKC]

True. The IT industry in early 2000s flourished not because of the Government's support but because the government stayed out of it. Babus just didn't understand the IT industry to f,uck things up.

Govt did had a hand in growing IT in India. One of the few good things done in 90s was setup of STPI in 15 cities in India. It led to rapid growth in 90s and 2000s.

Credit should be given wheres due.

 

[ezsasa]

any one knows PFCE and GFCE would be for china in 2007?
current prices will do.

at that time it was said, china was not a consumption driven economy as in it was a export driven economy. want to check how much of china's growth at that time was from domestic purchasing capacity.

=======
China was 3.5 trillion $ in 2007, with imports of about 1 trillion $ and exports of 1.2 trillion $ .
they added a trillion to their GDP that year.

India projected GDP for 2024 is 3.9 trillion $, with imports of 854 billion $ and exports of 776 billion $

our PFCE and GFCE are as below...

Historical GDP of China - Wikipedia

en.wikipedia.org

 

[rockdog]

Interesting English conversation, between an overseas Chinese YouTuber and Anti CCP female Indian scholar.

 

[Coalmine]

i am reading so many of this online. It really does seem that the average labour in India has too much arrogance, bad attitude and deficient IQ, a deadly trio. How can this be fixed? Part of the issue is definitely the weather here. Most workshops do not have any form of ACs. Factory owners really should start to invest in installed central AC systems. I think a HVAC system these days are not too expensive to install for a 10000m2 factory shed. Even some local companies build them here.

They are not aware or seen of the good and comfortable life . They should be shown those things. The salary they will get even after working hard and learning will be max 30000 which will not cover anything from AC to Car.

 

[nongaddarliberal]

They are not aware or seen of the good and comfortable life . They should be shown those things. The salary they will get even after working hard and learning will be max 30000 which will not cover anything from AC to Car.

If our MSME's want to get western or east Asian level blue collar skills, but pay less than what a chaiwalla makes, then they're sorely misunderstanding the nature of things.

If they want to compensate for lack of skilled labour, they need to have absolutely clear SOP's for workers at all levels, if they want to stick to the 15-30k salary range. Step 1 step 2 step 3, drill it into them repeatedly till it becomes muscle memory. But that requires clarity, efficiency and standardization from the management side on their own processes, which they never talk about. They want to do jugaad management suiting the circumstancrs, which inevitably requires initiative and creativity from lower level workers due to an unstable system, but then not pay enough to get those kind of people.

Indian style management is something I've seen first hand in MSME's which is responsible for half the mess, but the blame is put on workers. They change their working models every 2-3 months every time the CEO gets a bright idea, which just messes up the organization further. They don't standardize SOP's at their various locations, they put too much on the shoulders of newly minted MBA grads who are told to "find a solution" which only gets implemented in that one location and instance.

 

[another_armchair]

This true ?

Said it barely two days ago... and look at the state of Adani pack. Wonder what was the erosion in his net worth today and what is his current standing among global billionaires.

Paisa kya hai, bas haath ka mail... agar paper hua toh pata nahi.. kab kya ho jaye.

 

[sauntheninja]

This year's budget is going to be interesting to say the least

 

[ParamVir]

If I remember correctly I once heard in a Think School podcast that due to lack of Deep-sea port in India, our fire-cracker exports have to go through Colombo to be shipped abroad.

But the container ships in Colombo port are owned by Chinese companies & they refuse to ship Indian goods as they are a direct rival to China. So now we take the Dubai route.

I think we need to control the supply chain as well if we have to increase our Exports.

 

[nongaddarliberal]

From a development point of view, the govt should concentrate on those states that are guaranteed to remain with BJP, along with letting TN, AP, KT, TL and MH continue to develop. Madhya Pradesh and Odisha should be the biggest priorities going forward for the central government in new infrastructure projects, educational institutes, and attracting investment, in conjuction with the state governments, since these states have been backward for a long time and need to catch up. The addition of Odisha is an especially welcome one since it's a coastal state, which has a LOT of potential if they do it right. They should further double down on Gujarat, as that is the safest state for long term growth and political stability.

The rest of the states are gone cases where development does not translate to mandate, which means there is no incentive from either end of the political spectrum to wasting resources there. Use them as labour pools and give freebies to keep their bellies full, but put real effort on development in the above mentioned states.

 

[Tuco]

If I remember correctly I once heard in a Think School podcast that due to lack of Deep-sea port in India, our fire-cracker exports have to go through Colombo to be shipped abroad.

But the container ships in Colombo port are owned by Chinese companies & they refuse to ship Indian goods as they are a direct rival to China. So now we take the Dubai route.

I think we need to control the supply chain as well if we have to increase our Exports.

View attachment 256609

Vizhinjam, solution is already there need to speed it up I suppose

 

[Haldilal]

Ya'll Nibbiars

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[nongaddarliberal]

From a development point of view, the govt should concentrate on those states that are guaranteed to remain with BJP, along with letting TN, AP, KT, TL and MH continue to develop. Madhya Pradesh and Odisha should be the biggest priorities going forward for the central government in new infrastructure projects, educational institutes, and attracting investment, in conjuction with the state governments, since these states have been backward for a long time and need to catch up. The addition of Odisha is an especially welcome one since it's a coastal state, which has a LOT of potential if they do it right. They should further double down on Gujarat, as that is the safest state for long term growth and political stability.

The rest of the states are gone cases where development does not translate to mandate, which means there is no incentive from either end of the political spectrum to wasting resources there. Use them as labour pools and give freebies to keep their bellies full, but put real effort on development in the above mentioned states.

The Indo gangetic Plain is lost to its own devices once again. This map optimistically covers the only parts of India that will have any semblance of 21st century economic growth.

 

[thebakofbakchod]

The Indo gangetic Plain is lost to its own devices once again. This map optimistically covers the only parts of India that will have any semblance of 21st century economic growth.

View attachment 256785

Rajasthan will still grow. The state has low population density for indian standards and lies between Mumbai delhi route. The urban infra in smaller towns is still better and cleaner than most other states. Plus it is one of the only indian states that receives huge rich foreign and gora tourists due to the historical sites.

 

[nongaddarliberal]

Rajasthan will still grow. The state has low population density for indian standards and lies between Mumbai delhi route. The urban infra in smaller towns is still better and cleaner than most other states. Plus it is one of the only indian states that receives huge rich foreign and gora tourists due to the historical sites.

Tourism can't feed 70 million people. Rajasthan needs all the usual items of IT, Manufacturing, Innovation and agricultural modernization to grow, alongside lots of investment in education and healthcare. And their low population density is offset by their low water resources. There's no way around the above items for any of the large states with more than 30 million people.

 

[sameer3694]

The Indo gangetic Plain is lost to its own devices once again. This map optimistically covers the only parts of India that will have any semblance of 21st century economic growth.

View attachment 256785

The future for Indo-Gangetic plain is mostly mass migration. I don't see any other way out. Maybe some small scale industries can be brought here but mass scale industrialization is difficult.

This happened in China as well where hundred's of millions of inland Chinese moved to the costal Sez's for work. Similar trends may be seen here as well.