Indian Economy

Rynzl3r said:
Hello guys, I had some questions. Would love to know your opinions on the following.

1) Are GCCs even beneficial or us apart from the fact that they provide employment and good salary to skilled engineers? Isn't it basically brain drain because at the end Indians are contributing to and helping create tech/IP for western companies?

2) What will happen when China, US and other countries start mass deploying their humanoids in factories? We are nowhere in this race and if other countries can spam thousands of bots how will we get ahead in manufacturing and will we even have ways to uplift poor ppl?

3) I see lot of data centers being built in India. What are the benefits of this? Data sovereignty? Bcos afaik they require lots of water and electricity.
Click to expand...
Your point about GCCs is weird, to work in a GCCs, an Indian has to be educated on that level, means that Indians can eventually work for a Indian company, so its actually opposite of brain drain.
 
Prasad said:
LOL, these clowns are delusional.
Click to expand...
We should prepare a response along these lines:

India will not only stand shoulder-to-shoulder with China against US tarrifs, India will become part of OBOR and sign FTA with China and drop tarriffs to Chinese products to 0.

All China has to do, is make Naqgu town the border marker between India and China.
 
Prasad said:
LOL, these clowns are delusional.
Click to expand...

If Trump follows with his threat, today he will impose another 54% tariffs bringing the total to 104%. Is it even worth exporting at that tariffs? LOL. It looks like Chinese think they can simply sit it out for the next 4 years. Last time Trump was very moderate in his tariff rate at just 10%. Chinese were somehow able to evade that by rerouting their exports. This time all doors are closed. Companies were already looking to diversify away from China. This trade war will just accelerate that process.
 
GaudaNaresh said:
We should prepare a response along these lines:

India will not only stand shoulder-to-shoulder with China against US tarrifs, India will become part of OBOR and sign FTA with China and drop tarriffs to Chinese products to 0.

All China has to do, is make Naqgu town the border marker between India and China.
Click to expand...

Xi would rather privately shove a spiked steel stake up his bum rather than agree to that.
For the commies, it's more important to save face public than be eating shit in private.

concard said:
If Trump follows with his threat, today he will impose another 54% tariffs bringing the total to 104%. Is it even worth exporting at that tariffs? LOL. It looks like Chinese think they can simply sit it out for the next 4 years. Last time Trump was very moderate in his tariff rate at just 10%. Chinese were somehow able to evade that by rerouting their exports. This time all doors are closed. Companies were already looking to diversify away from China. This trade war will just accelerate that process.
Click to expand...

Worst case for chinese is that it might have a cascading effect where many countries which are now importing cheap Chinese goods might start looking internally.

EU and Canada love Chinese shit, let's see how they respond to this in long term.
 
Prasad said:
Xi would rather privately shove a spiked steel stake up his bum rather than agree to that.
For the commies, it's more important to save face public than be eating shit in private.



Worst case for chinese is that it might have a cascading effect where many countries which are now importing cheap Chinese goods might start looking internally.

EU and Canada love Chinese shit, let's see how they respond to this in long term.
Click to expand...
Bhai, i come from the school of logic of 'when you want something from someone, make an offer they cant refuse and when you want to refuse someone, make an offer they cant acept'.

Its a lot better in terms of power-dynamics than flat yes or flat no.Ofcourse we know 11 ping-pong would rather turn transgender and blow dillon mulvaney (that bud light tranny dude)inside forbidden palace than agree to these terms, but at least we didnt say no and gave them something YUUGE-sounding in return for our 'deal'.
 
Trump has imposed 54% tariffs on top of existing tariffs bringing the total tariffs to 104% on China. Fellas, what we are seeing is full blown economic war. Unlike his first term, Trump is determined to follow through trade tariffs whether it will lead to recession or not. Wars have been started for less. Honestly speaking, in a way Trump is not wrong. As you know China used to lend money to real estate investors after 2008 crisis to keep their economy going. However, that train came to a grinding halt in 2021 when their real estate market crashed.

Now the Chinese banks in the last 2 years have lent close to $2 Trillion to industries mainly which are export led. That is why they have excess overcapacity. Biden administration was already wary of Chinese automobile exports wiping out American jobs. That is why he raised tariffs on Chinese cars. And even EU followed suit with 45% tariffs on Chinese EVs. I believe this trade war is essential to keep Chinese unfair trade policies in check. What it will lead to is a question I cannot answer.

I believe deep down most Democrats, EU politicians are not happy about tariffs being imposed on their allies. But they are perfectly fine to see tariffs on Chinese imports.

economictimes.indiatimes.com

'The tsunami is coming': China's global exports are just getting started

While China focuses on industrial expansion, domestic consumer spending remains weak due to a housing market crash and limited social safety nets.
economictimes.indiatimes.com economictimes.indiatimes.com
 
concard said:
Trump has imposed 54% tariffs on top of existing tariffs bringing the total tariffs to 104% on China. Fellas, what we are seeing is full blown economic war. Unlike his first term, Trump is determined to follow through trade tariffs whether it will lead to recession or not. Wars have been started for less. Honestly speaking, in a way Trump is not wrong. As you know China used to lend money to real estate investors after 2008 crisis to keep their economy going. However, that train came to a grinding halt in 2021 when their real estate market crashed.

Now the Chinese banks in the last 2 years have lent close to $2 Trillion to industries mainly which are export led. That is why they have excess overcapacity. Biden administration was already wary of Chinese automobile exports wiping out American jobs. That is why he raised tariffs on Chinese cars. And even EU followed suit with 45% tariffs on Chinese EVs. I believe this trade war is essential to keep Chinese unfair trade policies in check. What it will lead to is a question I cannot answer.

I believe deep down most Democrats, EU politicians are not happy about tariffs being imposed on their allies. But they are perfectly fine to see tariffs on Chinese imports.

economictimes.indiatimes.com

'The tsunami is coming': China's global exports are just getting started

While China focuses on industrial expansion, domestic consumer spending remains weak due to a housing market crash and limited social safety nets.
economictimes.indiatimes.com economictimes.indiatimes.com
Click to expand...
I fear this is wishful thinking.
I dont know much about economics, but i do know a helluva lot about history. And as i noted before, the #1 economic power has never ever lost a trade war with a lesser entity. And make no mistake, China is the bigger economy power than USA, because in trade war, your assets count for jack shit, all that counts is your export output.
India, the largest exporter in the ancient world CRUSHED roman economy despite rome trying everything including banning indians from rome ( rome never did this to anyone else).
Didnt work.
Qing Dynasty China ALSO crushed UK in economic war, which UK didnt win until the economic war went into kinetic war in Opium war phase. Because in 1700s, Qing China was the economic giant of the world and made up 30% of world GDP.

And lets look at logistics - how do we stop cheaper goods from getting in to our country, when we cannot stop russians from getting banned goods into their country ?? like...exporting electronics from murrica to russia gets you in JAIL....yet it finds its way to Russia. yet, busting tariffs = fine, not jail.

So how is a far less punitive system supposed to stop goods-flow, when a far stronger punitive system (sanctions) failed ???

From history, i am deducing this is America's Roman empire moment of 'ban the damn indians before they suck us completely dry' : too little, too late and typical of a dying power to act aggressively as one last push before final death rattle.
 
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