Indian Economy (6 Viewers)

I get my BP high when i think we missed the whole decade plus where we could have grown our manufacturing just because of these Raghuram Rajan esque "opinions" and assumptions.

In that time the global climate was good, it was much easier to get investments, Choina was not as aggressive.

Chorgress just sat on it

Today in this drought of a global climate we now have to do mujra to get manufacturing investments when there are over 9 other competitor countries

on the flip side, there are some advantages to skipping phases as well.

in defence domain, the country moved from stamped receiver to milled receiver, and fanboys didn't even notice, after Indian defence fandom having had discussions on this for years.

SSSD straight away started with milled receivers. new CQB and AK 203 have milled receivers.

if make in India programme hadn't started, would this have happened. don't think so. Indian manufacturing adopted CNC machines, which was available for defence mass manufacturing.
 
on the contrary, the reason NEP came about in 2020 is because one of the points made by the industry was taken aboard by this gormint(central).

policy side background goes like this:

UPA and affiliated intellectuals, for almost a decade prior to 2014 were saying, India missed the manufacturing bus. service sector is our pathway to growth. adding more sectors to industry was not on their agenda because their economic worldview was limited to wealth redistribution by the state and not wealth redistribution via economic growth. aka nehruvian socialism.

NDA gormint disagreed with this, their economic worldview is that poverty alleviation has to come thru economic growth, meaning there has to be additional wealth in the basket to re-distribute within the society in a productive manner. their point was, all avenues of job creation including manufacturing will have to be explored, even if it goes against prevailing global opinion pre-2015 that India will be world's backoffice and IT, china will be manufacturing power house, europe will be knowledge economy, and U.S will be economic and security guarantor of the world.

farm laws, focus on textiles, focus on tourism and even space and defence manufacturing etc, all of them are based on same core fundamental i.e exploring more avenues of economic growth and job creation.

once it has been decided revival of manufacturing has to be undertaken, Industry's point was, people with degrees are of no use to our companies, if they don't have skill. this gap occurred in the first place, because previous central gormint did not focus on skilling, states like TN did because their industrial policy is one of the best in the country for decades. companies wanted to frontload the skills education during the education phase, instead of having to run 6 month courses after giving employment letters, or at the minimum as much skill to be imparted during education phase so that remaining delta can happen after giving employment letter.

some companies like tata's have gone to the extent of saying, we are willing to put in our own money to up-skill students, contributing to local and national pool of skilled labour, irrespective of whether they join TATA or not.

that's when NEP came about, media wallahs focussed on language and history because their worldview is marxist, but NEP's main goal is to make the students ready for the jobs.

then comes the issue of gap between demand and supply, there will always be a lag because of the scale of the country. but in the case of education, it is largely dependant on state gormints.

how your discussion fits into this background is that, analytical thinking has a correlation with high level skills, and skills have a correlation with jobs, and skilled jobs have a correlation with economic growth.
NEP 2020 is a good policy, if majority of indian education center actually have the ability to implement them, without skilled teachers, you can't even begin to implement the real "reformish" parts of this reform.

I have , several times helped my niece with her cbse odisha and private tution assignments, when we visit our ancestral town. Basically even if we remove all issue with teacher who got in through reservation, even the unreserved teachers aren't better. Private tution itself is a sign of insufficient schooling as @redpanda said. This system is gonna need heavy upfront capital to fix, so give or take we need to spend like 6-8% of gdp on education.

Our govt has managed to increase participation in schools by 75% rule in cbse, otherwise it would be like 40% at best, imo kids just kinda hate schooling, environment can be pretty obnoxious, this is just your govt cbse schools, don't even get started on pvt cbse schools, these mf have 10 hour schedules with capital punishment for small things. Skill development will remain swallow unless you fix the rot present in the primary to secondary education.
 
Its cheap.
Our demand for fertilizer is high, as we have a large agriculture sector.
but still, importing from saudi? from oman? do they have an industrial base like us? we have literally hundreds of chemicals and fertilizers company listed, typical import khori from dhandhos
 
but still, importing from saudi? from oman? do they have an industrial base like us? we have literally hundreds of chemicals and fertilizers company listed, typical import khori from dhandhos
One of the primary feedstock of nitrous fertilizer is natural gas .. Which they have in abundance. LNG is far more expensive than having gas via pipeline. It's obvious why they export so much.
 
None can save jeetvarsh
1752570119989.webp
 
None can save jeetvarsh
View attachment 43355
A social justice state more interested in internal politics and vote banks can never truly compete on the world stage. We'll still matter due to the sheer size but quality wise, our economy will always be mediocre.

At this point, India getting stuck in the upper middle income category is a guarantee.
 
Exports down 1 month - FalconSlayers - Its all over Vro!

Exports Up next month - FalconSlayers - We are so f**king back Vro!
I'm pretty confident of stagnation, had some optimism back but not anymore. World is gonna remain a circus for long. We simply missed the bus.
 
I'm pretty confident of stagnation, had some optimism back but not anymore. World is gonna remain a circus for long. We simply missed the bus.
This is like saying, “Hey guys, did you know the Earth is round?”

The point is - we all know what’s been happening around us, and we’re well aware of what went on through the '80s, '90s, and beyond. Repeating the same lines over and over isn’t going to change anything now.​
 
None can save jeetvarsh
View attachment 43355
Graph is fine but what is this "none can save jeetvarsh" drama. Do you have lose motion problem brother? Is everything alright with your health? Why you always start dhoti shivering on anything? Or do you truly India to get doomed so you can cry like this?
 
Exports down 1 month - FalconSlayers - Its all over Vro!

Exports Up next month - FalconSlayers - We are so f**king back Vro!
It's a normal trend. Last year & a year before that too around June the export figure was something similar. Probably the demand for certain Indian goods in the global market around this period time of time tends to be low. Which is why we see this slightly decline. Overall export grown by 6%. And imports have declined by 3%. Service sector export is still in surplus..
 
I'm pretty confident of stagnation, had some optimism back but not anymore. World is gonna remain a circus for long. We simply missed the bus.
Bro we literally survived 2008 disaster. And in those days we were worse than what we are today. And the circumstances were objectively more unfriendly for trade than what we have today. We have all seen this. This is a cycle.
 

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