Indian Economy

[Gurmeet]

The loud ones in new age CEO were ungrateful morons of highest order.

Zepto - Toxic workculture.

OLA - We all know Bhavesh is there to pump his stocks up. Does not care about the faulty scooters he is selling Openly lie about Kutrim as independent tech when it is an GPT wrapper. Talks like an moron.

Still better managed companies were coming out, But it will take time to establish. But the copium is can BAJAPA can survive this term. They are doing dog shit and complete gridlock.

OLA has far more invested in R&D but it's service is shit

 

[crazywithmath]

OLA has far more invested in R&D but it's service is shit

Ather and Ultraviolette are the true gems. Too bad their products are not really entry level stuff (even though Ather is genuinely trying to come up with cheaper entry level offerings).

The loud ones in new age CEO were ungrateful morons of highest order.

Zepto - Toxic workculture.

OLA - We all know Bhavesh is there to pump his stocks up. Does not care about the faulty scooters he is selling Openly lie about Kutrim as independent tech when it is an GPT wrapper. Talks like an moron.

Still better managed companies were coming out, But it will take time to establish. But the copium is can BAJAPA can survive this term. They are doing dog shit and complete gridlock.

Bhavish likes to act like a disruptor but is ultimately, a dhandhomaxxer only.

Genuine innovators like Sridhar Vembu exist (he has funded a number of deeptech startups; apart from leading a very successful tech company). We need more of them.

 

[londonparistokyo]

Thinking about this for a long time.

The amount of talent companies like Infosys , TCS and Accenture like companies swallow up results in our major workforce being forced to work on this client model which are just sweatshops. If we could distribute our labour better it would lead to better productivity gains.

Let me give you a few examples :- the games industry brings in about 400 Billion $ of revenue and while there exists huge companies employing a lot of people its also a industry which has a excellent employee to cost ratio where few employees can rake in billions of dollars in revenue.

Hogwarts legacy brought over a billion dollars in revenue for WB (Warner Bros) and the studio that developed it Avalanche Software have an estimated 200-300 employees.

Bethesda Software who were bought by Microsoft have an estimated employee count of 450 employees.

This year's hottest game Black Myth Wukong (Which came from China) was developed by a team of 140 people and well it did really well covering their development costs in 3 days

'Black Myth: Wukong' sets China AAA game sales record at $961m

The highly anticipated Chinese video game "Black Myth: Wukong" has shattered records just one month after its release. According to data analytics firm VideoGame Insights, the game has sold an impressive 20 million copies on Steam alone, generating over $961 million in revenue. This milestone...

news.cgtn.com

Talking about other sectors lets look at Animation which is another sector that brings in a lot of money.

As you can see most of the employee count remains small but Anime is still a huge industry which brings a lot of money to Japan and helps in soft power as well.
View attachment 19768
Pixar another stalwart in Animation only has about 1000 employees but they produce films that can gross a billion dollars in the box office.

We need a system or incentives as a country to ensure people can take these risks and start these type of companies instead of slaving away for Narayan Murthy who will just buy another luxury apartment in the country

The system is a change in mindset and mentality. Creativity is discouraged, not encouraged. People are placed into a category: "Study study study" and that's it. It leaves little room to the imagination. Now I understand why. But the issue I'm having is how does one even encourage this in a place like India? I don't really know enough about the education system. BTW, the rote memorization mentality I'm absolutely confident was sown in 1857. Almost 200 years later, we are seeing the type of people it created. We need to return to pre 1857 times (mentally).

Edit: Btw, when I was in the village, the children hated school. But they had literally nothing else to do to occupy their time. There has to be a solution to this

 

[GaudaNaresh]

The system is a change in mindset and mentality. Creativity is discouraged, not encouraged. People are placed into a category: "Study study study" and that's it. It leaves little room to the imagination. Now I understand why. But the issue I'm having is how does one even encourage this in a place like India? I don't really know enough about the education system. BTW, the rote memorization mentality I'm absolutely confident was sown in 1857. Almost 200 years later, we are seeing the type of people it created. We need to return to pre 1857 times (mentally).

Edit: Btw, when I was in the village, the children hated school. But they had literally nothing else to do to occupy their time. There has to be a solution to this

Indian education yeilds people who migrate to the west and out-do westerners in everything, so its a nice try for you western bootlickers to try and undermine the superiority of the indian education system, but no dice.

 

[srev2004]

Indian education yeilds people who migrate to the west and out-do westerners in everything, so its a nice try for you western bootlickers to try and undermine the superiority of the indian education system, but no dice.

True on a per capita basis, but the education system doesn’t produce leaders at the same rate. Meaning independent thinking leaders who lead by first principles and can create / execute a vision from nothing.

Taking existing ideas and scaling them in India doesn’t count.

Uber -> Ola
Yelp -> Zomato
AirBnB -> Oyo

What we need is a novel idea coming out of India that disrupts the west. For this you need first principle thinkers who can disrupt the world.

 

[srev2004]

In lamen terms. Indians excel at how, what, when, and struggle with creating questions that focus on why / why not

 

[GaudaNaresh]

True on a per capita basis, but the education system doesn’t produce leaders at the same rate. Meaning independent thinking leaders who lead by first principles and can create / execute a vision from nothing.

Taking existing ideas and scaling them in India doesn’t count.

Uber -> Ola
Yelp -> Zomato
AirBnB -> Oyo

What we need is a novel idea coming out of India that disrupts the west. For this you need first principle thinkers who can disrupt the world.

To have first principle thinkers, you need to cut red tape.
i had a couple of ideas for business that i very quickly found out was better left till i left india to persue, else dedicate the next 5 years to finding out who to bribe and how much to bribe to even get permit.

Indians with the same damn education as India are the most innovative output people in the west. With our desi bosses running the show. Why ? because to go from 'idea in head to scale model' in the US takes 2 months.In India it takes 20 years.

 

[Gurmeet]

The system is a change in mindset and mentality. Creativity is discouraged, not encouraged. People are placed into a category: "Study study study" and that's it. It leaves little room to the imagination. Now I understand why. But the issue I'm having is how does one even encourage this in a place like India? I don't really know enough about the education system. BTW, the rote memorization mentality I'm absolutely confident was sown in 1857. Almost 200 years later, we are seeing the type of people it created. We need to return to pre 1857 times (mentally).

Edit: Btw, when I was in the village, the children hated school. But they had literally nothing else to do to occupy their time. There has to be a solution to this

the problem is you thinking it is one-dimensional. It's not.

 

[sauntheninja]

Indian education yeilds people who migrate to the west and out-do westerners in everything, so its a nice try for you western bootlickers to try and undermine the superiority of the indian education system, but no dice.

The west imports the best of the best and in a billion people those people are remarkable they are a exception not the norm

 

[GaudaNaresh]

The west imports the best of the best and in a billion people those people are remarkable they are a exception not the norm

No, the scale and breadth at which indian immigration works to the west in the last 25 years, its pretty much like to like from india to the west. We also get quite a lot of desi dehatis from punjab migrating to also normalize the data.
yet, we retain tremendous qualitative superiority over western populations in virtually every metric and this cannot be seen as 'STOOPID HINDOO SUPREMACY WAA' type of observations, because we are most certainly not unique in this - though we are the best of the lot, virtually ALL Asian ethnicities outperform western median populace in virtually all metrics known to man by a country mile - iranians, chinese, japanese,koreans,taiwanese,filipinos, thai, sri lankan and vietnamese being the other obvious examples.

While this is not actually true for ALL immigrants - South American & African immigrants, along with little that is immigration into N.America from Europe - they tend to cluster close to or slightly worse than the median western immigrant data in metrics - as is the historic norm.
Immigrants are NOT supposed to outperform native born population in most metrics, since immigrants lack social network in the west to the same degree to find easy mobility.
I have been here 25 years, now i can just go ask friends to find me a job in their company but i sure as hell couldnt do it for the first 5-10 years i was here.
All my white friends who didnt go to college/trade school got jobs through their dads friends list or such - these are avenues cut off for us immigrants coz we dont have any daddies friends here to get a leg up being the delivery boy at the local pizza to be my first damn job outta high school or such.

The lack of social network factor normalises out by 2nd/3rd gen in immigrant populations and we see that in historic western immigrant populations too - the ukranians/germans/russian/italians who came in the last 100 years, they were never ahead of the median western population they were immigrating to ( Anglos/americans, etc), nor were we asians back then.

So this whole 'its normal for immigrants to beat the pants off of the natives of the land' spiel is categoric nonsense. it is NOT normal. Never has been normal. Is not supposed to be normal. Yet, it is seen only recently and in only populations coming from a different socio-cultural system than the western system, but not every single non western system yeilds supreior results ( Africa & L.America).

I am pretty confused as to why the heck are so many immigrants so enamoured with western culture to begin with lol.
its like imagine europeans being super enamoured with native american tribal culture when they arrived.
Like sure, we are not Euro barbs, no reason to kill ooga boogas just coz they are ooga boogas, but we are the ones going 'waao look at ooga booga culture soo cool' while being the new arrivals who are completely tooling the natives in every metric known to man, for first time in recorded human history.

 

[shuturmurg]

True on a per capita basis, but the education system doesn’t produce leaders at the same rate. Meaning independent thinking leaders who lead by first principles and can create / execute a vision from nothing.

Taking existing ideas and scaling them in India doesn’t count.

Uber -> Ola
Yelp -> Zomato
AirBnB -> Oyo

What we need is a novel idea coming out of India that disrupts the west. For this you need first principle thinkers who can disrupt the world.

Airbnb != oyo

 

[londonparistokyo]

Indian education yeilds people who migrate to the west and out-do westerners in everything, so its a nice try for you western bootlickers to try and undermine the superiority of the indian education system, but no dice.

Innovation comes from the West, not India. If the Indian education was as good as you say, India wouldn't be the morass it is.

 

[shuturmurg]

Innovation comes from the West, not India. If the Indian education was as good as you say, India wouldn't be the morass it is.

Its not education, those people who make it to USA and make it big are super driven and intelligent who made through to top colleges in India amongst way higher competition than west. India schooling system is actually pretty poor, specially govt. schools.