Indian Economy

[FalconSlayers]

What is the point of adding negative connotations like slowdown, when over 50 means expansion, growth.

Thats too when both index are much above 50.

There needs to be a check on newspapers for adding these kind of alarmist headlines

> Growth dipped = growth slowdown, not recession. Although services few months was above 60, this is facing more slowdowns.

 

[Roshan]

How Indian ‘Babu’ Outsmarted Mark Zuckerberg And Facebook Team With A Single Click​

View: https://youtu.be/IfTq4jV7rqU

for context, counter campaign by AIB.


View: https://youtu.be/mfY1NKrzqi0

and chetan bhagat as usual had an opinion on everything..

Free Basics may not be totally on the Mark but don’t trash it​

Free Basics may not be totally on the Mark but don’t trash it

Before I begin this, let me confess I am a bit of a Mark Zuckerberg fan. Who wouldn’t be? Harvard dropout creates internet startup, makes it one of the most valuable companies in the world....

timesofindia.indiatimes.com

I remember the abomination that this made FB into at the time with all the Indian flag pfps to show support for Free basics.

 

[ezsasa]

HSBC's flash India Composite Purchasing Managers' Index , compiled by S&P Global, slipped to 58.6 in March from February's final reading of 58.8, lower than a Reuters poll's median prediction of 59.0.

The manufacturing PMI index increased to 57.6 from 56.3, remaining in the expansion territory for more than three-and-a-half years.

But the dominant-services sector's PMI index fell to 57.7 from 59.0 in February, contributing to the fall in the overall index.

Read more at:

India's business growth dipped in March due to weaker services demand, PMI shows

India's business activity growth slowed in March, as strong manufacturing expansion couldn't fully offset a slowdown in the services sector, according to a private survey. The HSBC flash India Composite Purchasing Managers' Index (PMI) dropped to 58.6 from February's 58.8, slightly below...

economictimes.indiatimes.com

toilet paper will have their bias. it looks like only India and saudi are above 55, everyone else hovering around 50.

https://www.pmi.spglobal.com/

 

[Azaad]

From a Small Farm in Bihar to 6 Lakh Eggs a Day: How 3 IITians Built a Rs 100 Crore Business

IIT graduates Abhishek Negi, Aditya Singh, and Uttam Kumar launched ‘Eggoz’ to bring fresh, chemical-free eggs to Indian households. With six lakh eggs sold daily and Rs 100 crore in revenue, here’s how they’re organising the egg industry.

thebetterindia.com

At this point we ought to pose the question - how many IITians actually pursue a career in core engineering that too in India .

I mean if the tax payer's is going to subsidise the education of people who'd eventually pursue such a line of business as in the linked article there's something fundamentally wrong but where exactly are things going wrong I can't out my finger on ?!

 

[GodEmperorDoom]

From a Small Farm in Bihar to 6 Lakh Eggs a Day: How 3 IITians Built a Rs 100 Crore Business

IIT graduates Abhishek Negi, Aditya Singh, and Uttam Kumar launched ‘Eggoz’ to bring fresh, chemical-free eggs to Indian households. With six lakh eggs sold daily and Rs 100 crore in revenue, here’s how they’re organising the egg industry.

thebetterindia.com

At this point we ought to pose the question - how many IITians actually pursue a career in core engineering that too in India .

I mean if the tax payer's is going to subsidise the education of people who'd eventually pursue such a line of business as in the linked article there's something fundamentally wrong but where exactly are things going wrong I can't out my finger on ?!

As Someone from IIT and that too from Core, people need to distinguish Formal Sciences(Maths, Computer Science... ) from Physical Sciences. In former you don't even need a degree whereas in latter you learn jackshit with Bachelors. M.Tech or PhDs are the ones who can meaningfully contribute anything.

Most Middle Class folks join IITs for Job and not any passion into Core. If you look at Tsinghua University, the ratio of Undergraduate to Post Graduate to Doctoral would be 1:1:1. Not even counting the lack of adequate facilities.

One of the crucial factor that avoids "Valley of Death" is proximity. A GTRE Lab should be located in IISc, a MIDHANI Lab should be in IIT Hyderabad. This is how it works in US. The trip of University-GovernmentLabs-Industry enables core manufacturing.

 

[eastern_bhartiya]

From a Small Farm in Bihar to 6 Lakh Eggs a Day: How 3 IITians Built a Rs 100 Crore Business

IIT graduates Abhishek Negi, Aditya Singh, and Uttam Kumar launched ‘Eggoz’ to bring fresh, chemical-free eggs to Indian households. With six lakh eggs sold daily and Rs 100 crore in revenue, here’s how they’re organising the egg industry.

thebetterindia.com

At this point we ought to pose the question - how many IITians actually pursue a career in core engineering that too in India .

I mean if the tax payer's is going to subsidise the education of people who'd eventually pursue such a line of business as in the linked article there's something fundamentally wrong but where exactly are things going wrong I can't out my finger on ?!

IIT can create a spark but long term growth in core sectors require large skilled workforce, for every Visionary IITian he needs 50 Engineers from tier-2 and 3 to actually go anywhere. Condition of most engineering college is pretty bad when it comes to core engineering steams.

Very few indian students can actually work with hardware stuff, it's a sad reality, which needs to be changed.
How many collages anything above basic stuff like arduino, LEDs, wires ? most of them lack mechanical labs and appropriate faculty.

 

[Migflug]

View: https://x.com/girirajsinghbjp/status/1904150671764725833?t=_w9U57_iodQBVmWBuwUvHw&s=19

 

[eastern_bhartiya]

As Someone from IIT and that too from Core, people need to distinguish Formal Sciences(Maths, Computer Science... ) from Physical Sciences. In former you don't even need a degree whereas in latter you learn jackshit with Bachelors. M.Tech or PhDs are the ones who can meaningfully contribute anything.

Most Middle Class folks join IITs for Job and not any passion into Core. If you look at Tsinghua University, the ratio of Undergraduate to Post Graduate to Doctoral would be 1:1:1. Not even counting the lack of adequate facilities.

One of the crucial factor that avoids "Valley of Death" is proximity. A GTRE Lab should be located in IISc, a MIDHANI Lab should be in IIT Hyderabad. This is how it works in US. The trip of University-GovernmentLabs-Industry enables core manufacturing.

adding to this, funding for these kind of stuff isn't exactly easy, which means you will need to invest a substantial capital by yourself.

 

[Spacemarine]

As Someone from IIT and that too from Core, people need to distinguish Formal Sciences(Maths, Computer Science... ) from Physical Sciences. In former you don't even need a degree whereas in latter you learn jackshit with Bachelors. M.Tech or PhDs are the ones who can meaningfully contribute anything.

Most Middle Class folks join IITs for Job and not any passion into Core. If you look at Tsinghua University, the ratio of Undergraduate to Post Graduate to Doctoral would be 1:1:1. Not even counting the lack of adequate facilities.

One of the crucial factor that avoids "Valley of Death" is proximity. A GTRE Lab should be located in IISc, a MIDHANI Lab should be in IIT Hyderabad. This is how it works in US. The trip of University-GovernmentLabs-Industry enables core manufacturing.

There exists a significant misconception among the public regarding the state of core industries in India. Graduates from prestigious institutions such as the IITs only the top ones. who specialise in core engineering disciplines, often realise by the end of their four-year programs that there is minimal research occurring within these fields domestically. Instead, they encounter a landscape dominated by project-related politics. This situation is prevalent across nearly all government-owned Public Sector Undertakings, where research and development activities are notably constrained. In the private sector, R&D opportunities are similarly limited. Consequently, IIT graduates with a genuine passion for core engineering disciplines often find it necessary to seek opportunities abroad to pursue their interests effectively.

For IIT graduates opting to remain in India, the most common career trajectory appears to be pursuing management education at the IIM. Many others who have ventured into organisations like the DRDO or other PSUs often discover within six months that these entities are outdated and stagnant, offering little opportunity for meaningful progress or innovation. Some IITians, after achieving success in core fields abroad, have returned to India to join organizations like DRDO, only to leave again within a year due to similar disillusionment. It is conceivable that, in the future, private companies in India may establish a robust environment for R&D and core technology development. Until then, IIT graduates should not be held accountable for seeking better prospects elsewhere, given the current limitations within the country’s core industry ecosystem.

 

[sauntheninja]

From a Small Farm in Bihar to 6 Lakh Eggs a Day: How 3 IITians Built a Rs 100 Crore Business

IIT graduates Abhishek Negi, Aditya Singh, and Uttam Kumar launched ‘Eggoz’ to bring fresh, chemical-free eggs to Indian households. With six lakh eggs sold daily and Rs 100 crore in revenue, here’s how they’re organising the egg industry.

thebetterindia.com

At this point we ought to pose the question - how many IITians actually pursue a career in core engineering that too in India .

I mean if the tax payer's is going to subsidise the education of people who'd eventually pursue such a line of business as in the linked article there's something fundamentally wrong but where exactly are things going wrong I can't out my finger on ?!

I mean isn't this scenario ideal, They created a startup that is working. The alternatives are them working in a IT sweatshop or going abroad

 

[ezsasa]

From a Small Farm in Bihar to 6 Lakh Eggs a Day: How 3 IITians Built a Rs 100 Crore Business

IIT graduates Abhishek Negi, Aditya Singh, and Uttam Kumar launched ‘Eggoz’ to bring fresh, chemical-free eggs to Indian households. With six lakh eggs sold daily and Rs 100 crore in revenue, here’s how they’re organising the egg industry.

thebetterindia.com

At this point we ought to pose the question - how many IITians actually pursue a career in core engineering that too in India .

I mean if the tax payer's is going to subsidise the education of people who'd eventually pursue such a line of business as in the linked article there's something fundamentally wrong but where exactly are things going wrong I can't out my finger on ?!

at 100 crore revenue in third year, very few startups can realistically get to such a number.

 

[Azaad]

at 100 crore revenue in third year, very few startups can realistically get to such a number.

In the event that's not the issue. Their achievements are commendable. It's the fact that after pursuing a degree in as prestigious an institute as the IIT , if the objective was to open up a poultry business , that could've been achieved even minus this degree or after a proper degree in animal husbandry or poultry farming.

What good did the degree from IIT do except perhaps confer a sense of achievement ?

 

[crazywithmath]

As Someone from IIT and that too from Core, people need to distinguish Formal Sciences(Maths, Computer Science... ) from Physical Sciences. In former you don't even need a degree whereas in latter you learn jackshit with Bachelors. M.Tech or PhDs are the ones who can meaningfully contribute anything.

This is the correct observation. MTech and the PhDs are the real deal - BTech/BE/BS does not mean much, not in core engineering (if you are looking to engage in some truly cutting edge stuff); anyway.

It is also why the MTechwallahs from the NITs, the RECs and the CUs dominate across the private and public (ISRO, DRDO, BARC et al) sector orgs/companies - while IIT MTechs (mostly) move on to academics.

Of course, notable exceptions like IIT Madras exist.

. A GTRE Lab should be located in IISc

You say this but IISc makes it insanely difficult for an MTech guy to bag an intership - unlike IIT M and a few others who practically force students into internships/start-up works.

On an unrelated note, student to teacher ratios are messed up in the IITs. They should, ideally, admit a lot more students. No reason why an IIT should be this exclusive, the same age old sarkari elitist mentality persists here I presume.

 

[eastern_bhartiya]

In the event that's not the issue. Their achievements are commendable. It's the fact that after pursuing a degree in as prestigious an institute as the IIT , if the objective was to open up a poultry business , that could've been achieved even minus this degree or after a proper degree in animal husbandry or poultry farming.

What good did the degree from IIT do except perhaps confer a sense of achievement ?

I mean ivy grads in murica are doing crypto scams , so i doubt someone being IITian really makes any difference.

 

[ezsasa]

In the event that's not the issue. Their achievements are commendable. It's the fact that after pursuing a degree in as prestigious an institute as the IIT , if the objective was to open up a poultry business , that could've been achieved even minus this degree or after a proper degree in animal husbandry or poultry farming.

What good did the degree from IIT do except perhaps confer a sense of achievement ?

if they are expanding their product portfolio in next few years, they are on the right path.
if they are using the revenue from this business to fund other ventures, they are on the right path.

once there in interest free liquidity in hand, lots of options open up.

they probably have already refunded, what gormint spent on them for IIT education (6 lakhs per year) via taxes paid.

 

[GaudaNaresh]

> Growth dipped = growth slowdown, not recession. Although services few months was above 60, this is facing more slowdowns.

can u give me quick definition of recession again ? i thought it meant when overall economy contracts for at least two consecutive quarters but then Biden burau changed definition and i am all fuzzy as to who is what for recession.

 

[eastern_bhartiya]

can u give me quick definition of recession again ? i thought it meant when overall economy contracts for at least two consecutive quarters but then Biden burau changed definition and i am all fuzzy as to who is what for recession.

your definition is correct

 

[Nibbler]

can u give me quick definition of recession again ? i thought it meant when overall economy contracts for at least two consecutive quarters but then Biden burau changed definition and i am all fuzzy as to who is what for recession.

i think they changed it to include unemployment rates

 

[sauntheninja]

In the event that's not the issue. Their achievements are commendable. It's the fact that after pursuing a degree in as prestigious an institute as the IIT , if the objective was to open up a poultry business , that could've been achieved even minus this degree or after a proper degree in animal husbandry or poultry farming.

What good did the degree from IIT do except perhaps confer a sense of achievement ?

Counterpoint if these guys were not from prestigious universities or rich they wouldn't have been able to get the funding for starting this business

 

[crazywithmath]

Counterpoint if these guys were not from prestigious universities or rich they wouldn't have been able to get the funding for starting this business

Unless they are getting incubated at an IIT, it does not really matter. Professional experience is important tho.