Indian Economics Thread II

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siegecrossbow

siegecrossbow

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luminary said:
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Today’s “grim reality” is that the economy needs to create 200 million jobs over the next decade to employ all working-age Indians.

As the optimism of the early years of independence was frittered away, the Angry Indian—materially thwarted and jobless—emerged as a political archetype. He has now given way to the Angry Hindu. Under India’s prime ministers—most notably Nehru and Indira Gandhi—the West was seen as India’s nemesis, intent on denying a proud country its due. Under the Hindu-chauvinist Mr. Modi, Muslim Indians are the scapegoat.


Worse news: Adani is now bought. The chive is cut?
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American investment fund just rode to the rescue of Indian tycoon accused of fraud​

Star fund manager Rajiv Jain invested $1.9 billion in Gautam Adani's industrial conglomerate, just when the beleaguered business magnate needed it the most.
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Wall Street Journal is obviously influenced by SeeSeePee propaganda, just like BBC.
 
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BlackWindMnt

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xypher said:
Not to mention that the plot itself is dumb and shows once again that Western journalists are either hilariously underqualified or are just glorified propagandists.

Manufacturing fell as a percentage of Chinese GDP, true, but the Chinese GDP grew too - 27% of $18 trillion GDP is higher than 30% of $10.5 trillion back in 2014. So in reality there are even MORE products that are "made in China" than in the past. The plot tries to sell the idea as if Vietnam is overtaking China in manufacturing but when you don't look at the misleading plot, then you get the truth - Chinese manufacturing is ~$4.9 trillion (27% of GDP), Vietnamese is ~$92 billion (25% of GDP) or less than 2% of Chinese manufacturing...
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I had to look three times to make sure i understood the graph correctly because my mind couldn't compute the stupidity.
If they just plotted absolute manufacturing size as percentage of global total manufacturing it makes sense.

Well one thing its good to know that western propagandist haven't lost their arithmetic and percentages skills.
 
Lethe

Lethe

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luminary said:
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Today’s “grim reality” is that the economy needs to create 200 million jobs over the next decade to employ all working-age Indians.

As the optimism of the early years of independence was frittered away, the Angry Indian—materially thwarted and jobless—emerged as a political archetype. He has now given way to the Angry Hindu. Under India’s prime ministers—most notably Nehru and Indira Gandhi—the West was seen as India’s nemesis, intent on denying a proud country its due. Under the Hindu-chauvinist Mr. Modi, Muslim Indians are the scapegoat.
Click to expand...

So far as I can tell, India has always been happy to deal with the west, and for the most part European nations have been happy to deal with India. Rather it is the Americans specifically who resented India for failing to fall clearly into the anti-communist camp, instead championing the Non-Aligned Movement. This one-sided antagonism only began to change in the 1990s after the Soviet Union collapsed and neoliberalism reached India's shores at the End of History.
 
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pevade

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Overbom said:
How can we buy stock on his companies? Is any of his companies listed in the US?

I firmly believe that India/Modi will take good care of Adani. Plus that he has been given monopolies in Indian's strategic sectors I am extremely bullish on him
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I'm not surprised surprised. Adani is "too big to fail" and "too well connected" to be allowed to fail. And everyone knows what is at stake here if the Adani empire collapses.

Regardless, Adani's sprawling monpolies will only negatively affect India's future. I wonder what the Indian chaebols will look like.
 
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Chevalier

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luminary said:
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Today’s “grim reality” is that the economy needs to create 200 million jobs over the next decade to employ all working-age Indians.

As the optimism of the early years of independence was frittered away, the Angry Indian—materially thwarted and jobless—emerged as a political archetype. He has now given way to the Angry Hindu. Under India’s prime ministers—most notably Nehru and Indira Gandhi—the West was seen as India’s nemesis, intent on denying a proud country its due. Under the Hindu-chauvinist Mr. Modi, Muslim Indians are the scapegoat.
Click to expand...
Hence why India wants foreign countries to recognise Indian degrees and accept Indian migrants. Not only will this increase Indian influence at the ballot but also transfer an extra mouth to feed, it becomes that western country’s problem now.
 
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