Indian Economy

[Nutcracker]

To access Financial Times FT articles just add article's URL after this..

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[notaname]

whats new in this??? last year in summer morning (near 6 AM) i went to fill petrol on my scooty. i had no cash that time. after filling petrol, when i try to gave 400 rupees to petrol pump uncle. my SBI bank UPI stop paying. that early morning i cant even call my friends to come up with money nd that petrol pump was outside of our town. i waited for 30 minutes there nd lastly keep my second helmet there for insurance. later in evening i paid them. but UPI only started working after two days. other time UPI out of services time to time for some hours. thats why now i first pay bills etc with UPI, than do petrol filling, shopping etc, if i dont hv cash.

Life lesson, Always carry cash no matter where you are going, atleast 1000 should be with you. Don't just completely trust upi or any other means.

 

[Roshan]

way corruption works is just like that except in opposite direction.

if a gov official wants a bribe he will raise a complaint . he says u didnt submit 1 document or 1 more other documents are needed. ur given a deadline then . who is to say that complaint is valid or not. this is how it was with tax refunds for even ordinary people . govt owns u 50,000 rs as tax refund , tax assessing officer has to sign off on it . he wont , he will give some reason , eventually u pay 5 or 10% as cut money. now its all automated , some ai thing looks over the data , if nothing is suspicous u get ur money wired to ur account.

At every step you use governance to solve 1 problem it creates at least 1 if not 2 new ones by the looks of it in creating additional rent seeking opportunities. It's constant whack-a-mole. I was reading what is happening in UP now where baboons are still taking bribes like they used to if not more under the pretext of more stringent safeguards and disciplinary action from above. They pass this onto the common man. Not sure how to solve it, corrupt politicians and gundaraj has been solved to a large degree.

 

[FalconSlayers]

We're now going to import components from vietnam under the visionary leadership of...

 

[concard]

We're now going to import components from vietnam under the visionary leadership of...
View attachment 30409

We need scale to attract more component manufacturers. Right now 30 million iphones. Scale it up to 100 million, then you will have these component OEMs at your doorstep. Still you can't get every component manufacturer like TSMC, Samsung, Sony etc who supply microprocessors, screens, camera modules respectively. That Japanese company is only moving to Vietnam because it may no longer be feasible to make them in Japan.

 

[ezsasa]

We need scale to attract more component manufacturers. Right now 30 million iphones. Scale it up to 100 million, then you will have these component OEMs at your doorstep. Still you can't get every component manufacturer like TSMC, Samsung, Sony etc who supply microprocessors, screens, camera modules respectively. That Japanese company is only moving to Vietnam because it may no longer be feasible to make them in Japan.

that company already has three plants in vietnam, they are expanding on existing footprint.

 

[ezsasa]

We're now going to import components from vietnam under the visionary leadership of...
View attachment 30409

there is no we here, a japanese supplier to a murican company called apple is making a financial and strategic decision to diversify and de-risk their supply chain from china to supply to their customer's final production line in India adjusting to the conditions of prevailing trade war to protect their shareholder interests.

 

[ezsasa]

there is no we here, a japanese supplier to a murican company called apple is making a financial and strategic decision to diversify and de-risk their supply chain from china to supply to their customer's final production line in India adjusting to the conditions of prevailing trade war to protect their shareholder interests.

Jun 2024​

Anti-Dumping Duty on PCBs Challenges IT Hardware PLI Beneficiaries​

Anti-Dumping Duty on PCBs Challenges IT Hardware PLI Beneficiaries

The imposition of a 30% anti-dumping duty (ADD) on bare printed-circuit boards (PCBs) is impacting companies benefiting from India's production-linked incentive (PLI) scheme for IT hardware.

www.eletimes.com

Jan 2025

Finance Ministry clears ₹25,000 crore PLI scheme for electronics components: Sources​

https://www.financialexpress.com/business/industry-insights/indias-pli-scheme-for-electronic-components-a-game-changer-for-local-manufacturing-and-global-ambitions/3803251/

Mar 2025​

MeitY likely to send ₹25,000 crore electronics PLI proposal to Cabinet for approval​

The scheme will focus on key components such as batteries, displays, camera modules, and printed circuit boards (PCBs), aligning with the government's push to reduce dependence on imports and strengthen India’s electronics supply chain.

MeitY likely to send ₹25,000 crore electronics PLI proposal to Cabinet for approval - CNBC TV18

Industry stakeholders had initially proposed a larger ₹40,000 crore allocation to support a wider range of electronic components. However, the government has currently pegged the outlay at ₹25,000 crore, though it remains open to expanding the scheme based on industry response.

www.cnbctv18.com

Apr 2025

India’s PLI Scheme for Electronic Components: A Game Changer for Local Manufacturing and Global Ambitions​

https://www.financialexpress.com/business/industry-insights/indias-pli-scheme-for-electronic-components-a-game-changer-for-local-manufacturing-and-global-ambitions/3803251/

 

[Spacemarine]

that company already has three plants in vietnam, they are expanding on existing footprint.

View attachment 30413

Japanese are deeply racist as an average against Indians same as Koreans it reflects on their business also, they will definitely chose countries which are closer to greater sino region over India.

Only when it will become impossible to survive without Indian markets they will run towards India that time will take decade or more

 

[warriorextreme]

We're now going to import components from vietnam under the visionary leadership of...
View attachment 30409

We have released the notification for components PLI. Lets see what that brings.

 

[ezsasa]

Japanese are deeply racist as an average against Indians same as Koreans it reflects on their business also, they will definitely chose countries which are closer to greater sino region over India.

Only when it will become impossible to survive without Indian markets they will run towards India that time will take decade or more

greed will overcome racism

 

[Heat]

Is it possible to build large-scale water storage facilities in Bihar and Assam to capture floodwaters and distribute the water across India via pipelines, potentially eliminating water shortages for agriculture, drinking, and industry—transforming the deserts of Rajasthan and Gujarat into green landscapes?

View: https://www.youtube.com/watch?v=eYcucwTk5T4

Better to build the water intensive industries right at the source in these states. It's not like they have scarcity of land or people.

 

[ArjunMK1A]

Japanese are deeply racist as an average against Indians same as Koreans it reflects on their business also, they will definitely chose countries which are closer to greater sino region over India.

Only when it will become impossible to survive without Indian markets they will run towards India that time will take decade or more

Japanese management is extemely rigid. Great examples were there in our market, Sony who stopped selling mobile phones, PS5 stating lack of maturity, Same reason said by Honda 2 wheelers, Ends up being an Activa, Shine only company, Yamaha lack of interest to sell anything more than 150cc. Honda cars with pathetic management, Nissan who is an one trick pony.

They don't consider India as an market and their way of running things is bascially assigning an Japanese Head in 3 year cycle and he does fuck all. They don't trust Indian leadership barring Maruti Suzuki.

Hence we got game changing vehicles like E-Activa which is fuck all European version which is barebones. Indian Market demands attentions and these guys were too stuck up. If GOI allows Chinaman it will be massacre.

 

[Ajatshatru]

Better to build the water intensive industries right at the source in these states. It's not like they have scarcity of land or people.

Construction costs in North Bihar and Assam are high due to loose, waterlogged soil and excessive vegetation, which frequently damages buildings. Structures in these regions must be both flood-resistant and resilient against damage caused by invasive vegetation.
An abandoned building in Bihar would typically look like this

 

[Heat]

Construction costs in North Bihar and Assam are high due to loose, waterlogged soil and excessive vegetation, which frequently damages buildings. Structures in these regions must be both flood-resistant and resilient against damage caused by invasive vegetation.
An abandoned building in Bihar would typically look like this
View attachment 30464

Most of these issues happen in the flood planes. There is considerable amount of land in these states that are not flood planes and do not face these issues. A non-issue, tbh.