This is a joke, no one's going to invest in Indian infrastructure after the Japanese took a bath on India's HSR project
Indian Economics thread.
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This is a joke, no one's going to invest in Indian infrastructure after the Japanese took a bath on India's HSR project
It appears to be a culture thing. Another example: launching the same war ship multiple times every few years.
If one looks into the charts here, it is evident that India is focusing on boosting manufacturing and trade at the expense of consumption.
The income taxes has been increasing. While corporate taxes and tax on manufacturing decreasing through the years. As China is shifting away from manufacturing and onto consumption, it is a quite stark difference.
But the total government revenue in India is around 220 Billion. Quite low.
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Dead link.
Fixed it.
Also, India is moving into semiconductors.
More like BYD moving into semiconductors for cars. TATA is like the BYD of India. I don't think it's serious pursuit. Semiconductor is a money pit.
India is doing a very good job of destroying itself without a fight, just like the USA
My buddies is a overseas business manager for one of the large state owned companies. They are all pulling out of there after getting burned. Indian "beauracrazy" and delusions as well as dodgy contractors make doing business terrible there. Funny how they want to apply their engineering standards on things they never built before in their country and asks for accreditation etc stuff that is pure paperwork or steps for brown paper bags than anything.
What were they working on? Was it rolling stock?
power plants. Shandong electrical construction #3. They had a 3x600MW power plant signed with Adani but yeah the government stopped giving visas out to Chinese workers, so most of the guys had to pull out when the job is half done, so they are in dispute with the government. Its pretty much all set up, in the contracts they made it to Indian law and Indian arbitrators, where most of the international contracts are to US or British law, and 3rd party arbitrators like Singapore/Hong Kong or New York.
I think he quoted like 50-60% of Chinese contractors in India loses money on those infrastructure work. Good time to pull out and let them rot.
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