Indian Economics Thread II

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supercat

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Biscuits

Major
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Oh, the good old times!

BTW, the good old professor who foresaw India's rise 2 decades ago really thinks that China's reopening depends on importing mRNA vaccine.

For those who are curious, 2,644 died last week in the U.S.
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Even if they choose to open up, why would Pfizer stock gain (or lose?) from it?

At the very most, China may approve their vaccines for emergency use. But there's so much vaccine capacity that emergency use isn't a worry, the problem are old people not wanting to take boosters.
 

supercat

Major
Schrodinger's Indian heat:

Over 160-200 million Indians could be exposed to lethal heat waves annually: World Bank​

Though 34 million Indians could lose their jobs due to heat stress, the rising demand for new cooling technologies could create a $1.6 trillion investment opportunity and 3.7 million new jobs by 2040, a World Bank report said
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Biscuits

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Even various Chinese smartphone companies are shifting production from china to india, this will help india to achieve $5 trillion economy , with it even defence budget will reach to $100 billion a year. Always help your competitor, Chinese companies have learnt all the tricks of american companies CEO.
Without Chinese companies help india might not have become iphone manufacturing hub.
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China does simply not view India as an enemy.

Indian army is entirely reliant on Russian imports. China's borders have natural bottleneck so India can never be a direct threat, especially with a low tech army that won't be able to properly operate on heights.

Through India has way more than 5 trillion dollar economy, it should be almost up to 12 trillion by now no?

They are allowed to stay in sco and continue the cooperation with everyone in China's bloc for a reason.

We are awaiting Indian leadership that is saner. Perhaps it comes from the maoists. Or from peaceful transition within the current oligarch system.

Either way, keeping options open is good. We can never know if Pakistan will be able to develop.

It's the same as with Saudi and Iran. Better to keep workable relations with both at the same time, so later one can pick the better one, or both, if they resolve their issues.
 

SanWenYu

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Even various Chinese smartphone companies are shifting production from china to india, this will help india to achieve $5 trillion economy , with it even defence budget will reach to $100 billion a year. Always help your competitor, Chinese companies have learnt all the tricks of american companies CEO.
Without Chinese companies help india might not have become iphone manufacturing hub.
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You really need to wake up.

The foreign investment, whether they are from China or not, are in India to make profit from the surplus value created by the Indian workers. That is to exploit the Indians. They are not there to help the locals become competitors.

While the factories built for the FDIs might be equiped and run in better and more advanced ways than the local ones, it does not necessarily mean that India will magically and automatically master the knowledge and knowhows overnight. Indians will still have to have the ability and time to learn.

Assembling mobile phones is the least value adding step on the whole chain. Most of the profit comes from the upstream - the chips, the sensors, the display, the OS, the essential apps, and more. How much can India supply all these domestically? And how long do the Indian suppliers need to qualify as local sources?

Will the Indians learn eventually? Maybe. Will they learn fast enough before robots displace human beings in assembly lines? That's the trillion dollar question for India.

It'd be naive to think what the Chinese have achieved in manufacturing as easy as making cookies. To catch up with the west, China has, over the decades, poured huge amount of human and capital resources into R&D, infrastructures, education, etc. How much has India done so far?
 

Nobo

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You are right if we think of globlization and free market , but globlization is dying and market access for Chinese technology in west is decreasing due to sanction. Time will come when USA will sanction on mobile phone too and they will deplatform and stop google services that will kill Chinese mobile. Chinese mobile can switch to harmony OS, but sanction will be on Chinese software and high tech technology which will not help them to allow market access in west even Chinese software will get banned in india. This will force Chinese mobile companies to close their factory in india and sell it but with Android and google services which they won't get. You have to see from this perspective too, globlization is dead. This will only allow all these Mobile phones companies to become Indian and india can sell to west and buy chips from USA or south korea because low level of electronics manufacturing is already happening in india and this investment from Chinese companies will only expand production of more electronics.

Chinese mobile companies and software companies have no long term future in india. So it makes Chinese companies really naive, Chinese social media won't succeed too if USA deplatform them.
Social media depends on users . That's why despite tiktok being popular but instagram have more followers, just look at users from india in youtube, FB, and instagram, if tiktok wasn't banned in india then it's user could have easily doubled from current number of users.


Chinese companies succeeded through IP stealing from western tech companies and through forced technology transfer by not allowing companies to open their factory without mandatory Joint venture and by allowing china to join WTO in 2001 despite china was not free market economy because it still had command economy portion but still USA brought china into WTO.
USA brought China into WTO hoping they can get rich off China like they stole entire native land & other countries oil, other resources. Don't whine that someone schooled your little master on their own game without colonization. Besides the so called successful Indians always become successful when they leave the British left over colony. It must be very painful for you helplessly watching someone smashing your Western master's...should I say azz? Or rules based order as you like to call it?
 
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