Indian Economics thread.

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BoraTas

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It doesn't even need to get that far. If a factory hung up a sign that read "you must be able to write your own name to enter" it would be deserted.
Jokes aside they wouldn't be able to afford it. Their workforce participation rate is below 50% already. A 40% of India's youth is not studying or working, which explains the incredible number of internet trolls from India.
 

siegecrossbow

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Some quotes from the article:


I thought India is the new China? I thought India has a large population, and so it must have a similar-sized economy at least? I thought some Jai Hinds claimed that India has the world's largest middle class? I thought 'Democratic India' has a better, more progressive economy than 'Communist China'? I thought India and US have shared values? Isn't Make in India blooming according to Reuters? Huh? Then what's this then?

So what happened to: "We need to shift the supply chains to democracies only! All democracies must stand together against Communist China!" Yeah right! LOL!


This is the true reality of Make in India. Jai Hind!

More like once boasted exponential growth.
 

KampfAlwin

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Jokes aside they wouldn't be able to afford it. Their workforce participation rate is below 50% already. A 40% of India's youth is not studying or working, which explains the incredible number of internet trolls from India.
I’ve noticed it. I am following a PLA watcher on Twitter and every time they make a post, there‘s this Indian troll(and others) posing as a Chinese constantly making racist and pro-India comments. Like Bro, don’t you have anything better to do with your time??? It’s honestly sad!
 

DarkStar

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In my experience, i don't believe Indians as a national character, possess the same work ethic as Chinese do- specifically, they don't possess the drive of entrepreneurship of creation, as opposed to what i've observed of indian clients trying to squeeze as much money out of existing projects/policies/businesses as opposed to getting out there, sourcing new business and prospecting.

If i was to assume indians who migrate to the west are 'the best', the cream of the crop, then the results in my experience are certainly revealing and i stress i can only speak of my own experience: loquacious, lazy, and nepotistic; perhaps the hot weather and fertile subcontinent bred homo sapiens who were time flexible and less likely to think too far ahead into the future as opposed to northern hemisphere, colder climate homo sapiens...

Now this is simply my own theory as to why India will always remain, like Brazil, a "superpower in the future" but never a Superpower in reality; the loquacious nature of the culture means they will lie to you and themselves as part of the courtesy culture, just as many, many Jai Hinds lie to themselves and others in vainglorious hope that their fantasies may become reality.
 

ougoah

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The funny thing is how Indians plead Elon Musk to Manufacture cars in India . They're like "Sir Sir we cant afford Tesla but you can use India as export base it will be cheaper than China , also Sir we are a democracy !".

If all it takes is cheap labour then the world would be manufacturing not in China or Asia but Sub Saharan Africa where labour costs are less than a dollar a day. But who would explain to Indians about Logistcs, market size, supply chain, upstream/downstream requirements, regulations, consumer expenditure patterns, taxations etc

Indian logistics is a couple of guys who drag rickshaws and insist on a minimum of 2x one hour long naps per shift and the high end logistics is duct taping pallets on the top of trains and wondering why they've fallen off while making excuses of all sorts.

It's certainly not all labour prices and even on this, India is not necessarily more competitive than many other Asian and South Asian nations.
 

AndrewS

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perhaps the hot weather and fertile subcontinent bred homo sapiens who were time flexible and less likely to think too far ahead into the future as opposed to northern hemisphere, colder climate homo sapiens...

That is what the Economist speculated upon in an article, when they were analysing different countries.

Planning for and surviving a winter forces you to learn delayed gratification.
 

Sardaukar20

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In my experience, i don't believe Indians as a national character, possess the same work ethic as Chinese do- specifically, they don't possess the drive of entrepreneurship of creation, as opposed to what i've observed of indian clients trying to squeeze as much money out of existing projects/policies/businesses as opposed to getting out there, sourcing new business and prospecting.

If i was to assume indians who migrate to the west are 'the best', the cream of the crop, then the results in my experience are certainly revealing and i stress i can only speak of my own experience: loquacious, lazy, and nepotistic; perhaps the hot weather and fertile subcontinent bred homo sapiens who were time flexible and less likely to think too far ahead into the future as opposed to northern hemisphere, colder climate homo sapiens...
That is what the Economist speculated upon in an article, when they were analysing different countries.

Planning for and surviving a winter forces you to learn delayed gratification.

Sounds like a feasible theory. But yet the other hot-weather, tropical peoples like the Bangladeshis, Vietnamese, Indonesians, Thais, and Filipinos can all work harder, and study harder than the Indians. Plus, they have a far less sense of 'Superpower' entitlement, and 'Jai Hind' in their mindsets. When we look at it that way, it makes Indian underachievement all the more damning.
 

BlackWindMnt

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Sounds like a feasible theory. But yet the other hot-weather, tropical peoples like the Bangladeshis, Vietnamese, Indonesians, Thais, and Filipinos can all work harder, and study harder than the Indians. Plus, they have a far less sense of 'Superpower' entitlement, and 'Jai Hind' in their mindsets. When we look at it that way, it makes Indian underachievement all the more damning.
I blame culture and not being able to shed off their feudal level caste system. Why spend money on the great untouchable masses when we the higher castes can life comfortably in gated communes.
 
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