Indian Economics thread.


ZeEa5KPul

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The other issue, is the 4th Industrial Revolution which IMO by 2027-2030, we would have witnessed some changes. By 2035-2040 the world would be going full throttle advancing on a new era.

As for India... Good luck feeding hundreds of millions of people with cheap labour manufacturing when automation by min. 2030 to max. 2040, would have massacred this economic model
It's not just that technological advancement will destroy the value of low-skilled labour, it will also directly raise the barriers to entry into modernity. Think about the struggle China is facing in developing an indigenous semiconductor sector - the vast and consistent industrial policies and enormous sums of money - and extrapolate that out to technologies in 2030-2040. The increasing competition between the US/EU and China which will further drive the pace of technological advancement - it's an endless tech arms race. The longer it takes a country to become a producer of technology, the more difficult it becomes and the dimmer its prospects.

So India is hit with the double whammy of a higher and ever increasing barrier to entry and ever diminishing returns on its only hope of ever surmounting its barrier.
 

ansy1968

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@ZeEa5KPul bro how about India much acclaimed Demographic Dividend?

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And from the video above they can able to provide and produced Engineers needed for the planned JV with the Taiwanese? Good luck for both, the way I see it this JV is a way to pissed off China with optics and noises, the main player TSMC is not involved.

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siegecrossbow

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@ZeEa5KPul bro how about India much acclaimed Demographic Dividend?

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And from the video above they can able to provide and produced Engineers needed for the planned JV with the Taiwanese? Good luck for both, the way I see it this JV is a way to pissed off China with optics and noises, the main player TSMC is not involved.

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China will be mad when the cost of production in India is cheaper by more than a measly six percent. That’s despite a three fold higher wage in China.

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gadgetcool5

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Ambani Joins Bezos, Musk in World’s Exclusive $100 Billion Club​

  • Indian tycoon has added $24 billion to his fortune this year

Mukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion.

The chairman of India’s
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entered the rarefied group of 11 men as his conglomerate’s stock climbed to a record on Friday. He’s now worth $100.6 billion, according to the
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, after his wealth increased by $23.8 billion this year.
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He is the first Asian person on the list.
 

Strangelove

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China will be mad when the cost of production in India is cheaper by more than a measly six percent. That’s despite a three fold higher wage in China.

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In 10 to 15 yrs' time, half of Africa will be more developed than India.


Ambani Joins Bezos, Musk in World’s Exclusive $100 Billion Club​

  • Indian tycoon has added $24 billion to his fortune this year

Folks like Ambani hold the Indian economy captive, while China cracked down on its billionaires and broke up monopolies, Indian government/bureaucracy at various federal/executive and state & city levels are in bed with its economic elite, breeding corruption and inefficiencies. The recent protests across the country is about big corporations, in bed with the bureaucracy, eating up smaller businesses and enslaving workers. In the context of their caste system, enslaving here really means enslaving.

So throw progress and competition out the window if it threatens vested interests. Indeed India is nowhere ready to substitute China, they will remain where they are, a 3rd world nation.
 
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FairAndUnbiased

Junior Member
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Even before this, technological change was limiting labour demand

For example in the USA, the total number of hours worked hasn't actually changed over the past 30 years, despite a significant increase in population
Source for this claim?

That would imply halving per capita hours worked within 30 years, but that's not true. Per capita hours worked has been flat, particularly as female labor participation rises.

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Bellum_Romanum

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I can't for the life of a panda figure out how is this supposed learned individual describe TRADE between India and China as COLONIALISM based on the premise that there exist a large deficit between these 2 countries. It's highly offensive not to mention what he's spewing is nothing but a disservice to the Indian public his media channel is supposedly trying to educate and this channel is supposed to be one of India's less unhinged news media. It's no surprise that China-India relationship will be a continuing challenge due to this kind of illiterate not to mention jingoistic manner of dispensing "news" to their masses.

 

hashtagpls

Senior Member
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Capitalist democracies demonstrate that you have to twist the truth to gain followers and make money, look at Murdoch media and the entirety of western journalism; using emotionally charged language like how “China is raping the US economy” sounds ridiculous but it invokes a deep seated sexual insecurity amongst its intended audience
 

Sardaukar20

Junior Member
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Bloomberg Quicktake asks: Is India The Next China?

Their answer:
1) India has the demographic advantage vs China for the next 30 years = Yes
2) China and the US have problems. India can take advantage = Yes
3) Indian govt has too many red tapes. = No
4) Indian govt is too protectionist of the Indian businesses. 'Make in India' has actually become 'Make for India' = No
5) India's women participation in the workforce is poor. Plus, its actually declining. = No
6) China has already moved into automation = No
7) China is both known for Manufacturing no.1 and Public Enemy no. 1. Nope, India doesn't want that. So... = No

So that's 5 No - 2 Yes = 3 No = NO!

So, even Bloomberg has already lost belief that India is the next China. It can be summed up in a statement on the 19:10 mark. It goes abit like this: "India's economy has always been considered the next China. But every time this conversation comes up, India is still the next China." I agree, India will always be in perpetual cycle, trying to play catch up with China. But never to actually catch up with China.

With the way India is being governed now, I predict that India is going to become the next Brazil at best. Impressive, but still nothing compared to China. That's the best case scenario. I can't imagine what the worse case scenario will look like.
 

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