Indian Economics Thread II

[KYli]

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[56860]

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Whenever I hear about India in MSM it's always 'plans', 'will become', 'will have', 'looks to', 'bright future', 'in x more years', etc.

 

[sunnymaxi]

suicidal for a developing country and The rupee plunged 37 paise to close at an all-time low of 81.90 (provisional) against the US dollar ..

 

[Strangelove]

At last...

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[ougoah]

At last...

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... using Chinese and western (Chinese based and many Chinese IPed) components and technologies.

 

[Overlord]

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[Topazchen]

Main thing that changed was China. China grew from 1.2 trillion in 2000 to 17.7 trillion in 2021. Growth of such scale was never thought to be possible before.

India saw China's growth and now thinks they'll grow like China miraculously.

It's like a bum watching his hardworking neighbour who's recently become rich. The bum thinks "my neighbour became rich so I definitely will as well"

They want to become rich by skipping industrialization and going straight into services.
Investing in energy, infrastructure, and education is for fools.

 

[xypher]

They want to become rich by skipping industrialization and going straight into services.
Investing in energy, infrastructure, and education is for fools.

Truly a supapowa.

 

[coolieno99]

India has the chance of becoming potato chip powerhouse.

Actually India is already the undisputed cow chip powerhouse.

(In the mid-western U.S. , dried cow dung is refer to as "cow chip")

 

[Sardaukar20]

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What Nikkei and Reuters won't report is that Apple and Foxconn are not leaving China... yet. They are at the moment just diversifying production to other places like India to spread the risk of production distruption. We don't know what they intend to do in the future, but right now they just cannot move their production completely out of China.

On a separate, but funny topic. When the iPhone 14 pre-order was opened in Malaysia. Someone from a popular tech forum in Malaysia posted a serial no. identification method to identity units that were Made in India. Some forum members were shocked and outraged. They announced that they will sell-off their Indian-made units and try to hunt for Chinese-made units. Off course they got slammed for being racist. But one of them replied: "I don't trust Indian quality". LOL!