Bruh Adani by itself through sabotage by corruption does more economical damage to India than US and China are doing combined.
Indian Economics Thread II
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I hate it when corrupt businessmen use political connections to escape justice.
Is Mr Adani corrupt? I have no idea since I lack detailed knowledge of this matter.
However, one thing is sure, this matter is before a bigger judge than the Indian supreme court, the Indian electorate. The ruling party has decided to defend Mr Adani, the opposition Congress is baying for his blood.
The people of India will decide which narrative they want to believe in the upcoming elections.
Some hard facts for you. In 1980 India and China had equal economies. India had the higher GDP per capita then, and was rated to have the higher potential. Today, China's economy is 5-6 times larger than India's economy, and that gap is still growing.
India has the younger demographics, but it has neglected to develop its human capital. What use is having alot of people, but most of them cannot find upper skilled jobs? Most working age Indians have to pay and enroll in skills workshops to reskill themselves. Most are still lining up for government jobs, because they cannot find enough worthy opportunities in the private sector. What use is that demographic dividend, when most of India's brightest talents are leaving India to find other opportunities? What use is that growing population, if the Indian economy cannot keep up to feed them all?
Every single year since Modi took power, I see India stagnating, even going backwards, while I see other countries actually progressing. You can keep waiting. Come 2047, lets see India still failing to reach its Supapowa $30T economy goal. Just like it had failed to overtake China and become a Supapowa in 2020.
I also have a strong suspicion that India's economic numbers are not reality. Adani's numbers have been found to be fraudulent. I have observed how Indian businessmen run their empires. Indian tycoons like to have several companies under them doing business with each other, and with some creative accounting, the overall business group can look very big. But its same amount of money moving around. This is an old accounting trick, and Adani does exactly the same thing. Moving money around his companies to inflate their valuation, thereby inflating the valuation of his overall business. Modi is his best pal in the government, and is also a habitual liar. So, I am fairly confident that India's economic numbers are actually not as impressive as what it reports out to be. I think there are serious contradictions within India's economy, and they will eventually come up to the surface in time.
The irony that he said this to an American.. the only people who think India is on the rise are... Indians.
I get along with tons of them and work with them, go to the gym with some of them. They're great people and very entrepreneurial. I can't stand the ideological b.s. when political nonsense coming from an ignoramus that happens to be Indian.
Pakistan despite being economically worse off than India has better road infrastructure than India.
Unfortunately Pakistan fell off in the 90s
Unfortunately Pakistan fell off in the 90s
Pakistan has hope. It has a young vibrant population willing to work hard.
The two things it has to do is firstly, it had to find some way to keep extremism in check because violence frightens away business.
Secondly, it has to find the money to educate it’s young population.
If it does this, business will boom and it will become a top 10 economy in the world by 2100.
As for infrastructure in India, how do you know? Do you live in India.
I ask this not to insult you, it is just that India has been spending huge sums of money on infrastructure and if you are not in the country recently you will be surprised at the changes.
I know this because Pakistan started to prioritize its road infrastructure way before India going as far back as 80s. Pakistan took heavy loans and invited China to build high quality infrastructure often unsustainably. India's infrastructure push happened much later.
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