Indian Economy

Nutcracker said:
We need a little bit of diversification. Or settle a good deal with USA.
And Wumaos have to find a new relabelling center.

export to US as percentage of GDP for India, China, EU and Vietnam
View attachment 29371
Click to expand...

tariffs are applicable only for merchandise exports, not services(IT). so it would less than 2% of GDP.
 
ezsasa said:
tariffs are applicable only for merchandise exports, not services(IT). so it would less than 2% of GDP.
Click to expand...
With that Said, can be we put tariff on us service and entertainment exports to encourage domestic digital services.
Youtube, Microsoft, Google etc.
US exported 1+trillion dollars of service based exports, accounting for 33%+ of their total exports.
And US does enjoy massive surplus in service exports compared to service imports.
 
randombully said:
With that Said, can be we put tariff on us service and entertainment exports to encourage domestic digital services.
Youtube, Microsoft, Google etc.
US exported 1+trillion dollars of service based exports, accounting for 33%+ of their total exports.
And US does enjoy massive surplus in service exports compared to service imports.
Click to expand...

there is a global tariff moratorium on digital goods that was agreed in 1998, and negotiations on reviewing it are ongoing. India's argument is that, digital goods like songs, literature should be brought under tariff ambit. developed countries are not agreeing to it. technology is moving so fast, that global policy negotiations are not able to catch up with definition of digital goods.


2020
https://www.commerce.gov.in/interna...n-with-south-africa-on-e-commerce-moratorium/

2024
economictimes.indiatimes.com

India pitches re-examination of customs duties moratorium on e-commerce

India calls for re-examination of customs duties moratorium on e-commerce at WTO. Developing countries losing $10 billion annually. India opposes extension, facing $500 million loss each year. Policy options needed for digital industrialisation. Discussions at 13th Ministerial Conference.
economictimes.indiatimes.com economictimes.indiatimes.com

edit : for tariffing digital goods and service, India will need to build chini style firewall.
 
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randombully said:
With that Said, can be we put tariff on us service and entertainment exports to encourage domestic digital services.
Youtube, Microsoft, Google etc.
US exported 1+trillion dollars of service based exports, accounting for 33%+ of their total exports.
And US does enjoy massive surplus in service exports compared to service imports.
Click to expand...
Even thought there is a large user base in India for US digital services but the revenue in India is small . Its not really a card that we can play . The Euros have the most leverage .. high revenue and a possibility of cross EU regulations.
 
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karn said:
Even thought there is a large user base in India for US digital services but the revenue in India is small . Its not really a card that we can play . The Euros have the most leverage .. high revenue and a possibility of cross EU regulations.
Click to expand...
Not against US.
But to encourage domestic digital services.
 
www.pv-tech.org

India almost trebles cell manufacturing capacity to 25GW in 12 months to March 2025

India has nearly trebled its annual nameplate for solar cells from 9GW to 25GW between March 2024 and March 2025, according to MNRE.
www.pv-tech.org www.pv-tech.org

India has nearly trebled its annual nameplate for solar cells from 9GW to 25GW between March 2024 and March 2025, according to the Ministry of New and Renewable Energy (MNRE).

During the same period, the country’s solar module manufacturing capacity has nearly doubled from 38GW in March 2024 to 74GW in March 2025. Further upstream, the country commissioned its first 2GW of ingot and wafer manufacturing capacity during that period
 
I am not sure these tariffs will stay the same for long but if they stay,
We are most likely looking for US recession with Indian goods export to decline by minimal by 10-15 billion and service exports also take indirect hit of 3-5 billion USD,
If by QUAD summit somehow we sign a deal with USA we most likely seeing rise of Indian exports despite weak US demand.

Now hopefully our trade and commerce babus sharpen their brains hire the best trade negotiators from private sectors also, game everything not only look for next 3 years but next decade at-least, sign a deal with USA and quickly move on to asking for some supply chain part in US rare earth processing tech
 
Spacemarine said:
I am not sure these tariffs will stay the same for long but if they stay,
We are most likely looking for US recession with Indian goods export to decline by minimal by 10-15 billion and service exports also take indirect hit of 3-5 billion USD,
If by QUAD summit somehow we sign a deal with USA we most likely seeing rise of Indian exports despite weak US demand.

Now hopefully our trade and commerce babus sharpen their brains hire the best trade negotiators from private sectors also, game everything not only look for next 3 years but next decade at-least, sign a deal with USA and quickly move on to asking for some supply chain part in US rare earth processing tech
Click to expand...

rare earth processing govt to govt agreement is already done, both with biden and trump, now it's upto money bags to figure out the business end of the details.
 
Nibbler said:
both sides of american political spectrum want to lower the trade deficits and bring back industry. thy just went about it differently. biden tried to do industrial policy with chips act and green whatever. trump trying with erecting trade barriers.

I think america is just no longer willing play the role it hass been

i bet the trade barriers dont go down unless reciprocated regardless of who is in power. just like the 2018 tariffs on china werent touched by biden
Click to expand...

The "first-world quality of life" and "consumerism" in the land of "milk and honey" has been sustained by a favorable exchange rate which facilitates cheap imports so that people earning in the local currencies have access to the "commodities" at a very cheap price.

Whatever these American and European politicians are dreaming about is not sustainable.
 
DingDong said:
The "first-world quality of life" and "consumerism" in the land of "milk and honey" has been sustained by a favorable exchange rate which facilitates cheap imports so that people earning in the local currencies have access to the "commodities" at a very cheap price.

Whatever these American and European politicians are dreaming about is not sustainable.
Click to expand...
The process of Europe and US falling back into middle income country standard is inevitable.
As rest of the world develops, the "so called first world quality of life economically" can't be sustained.
Only few rich countries with small population will be able to maintain and sustain that quality of life in the future.
 
Spacemarine said:
These are the numbers asked GPT to create table:


| Category | India Total Tariff (%) | China Total Tariff (%) |
|--------------------------|----------------------------|----------------------------|
| General Goods (Avg.) | 28.8–29.83 | 71.5 |
| Electronics | 28.8–29.83 | 79 |
| Electric Vehicles | 2.5–12.5 | 154 |
| Steel | 25 | 79 |
| Aluminum | 10 | 64 |
| Solar Panels | 28.8–29.83 | 129 |
| Semiconductors | 28.8–29.83 | 79 |
| Agricultural Products | 31 | 71.5 |
| Textiles/Apparel | 28.8–29.83 | 79 |
| Machinery | 28.8–29.83 | 79 |
| Pharmaceuticals | 0–12.5 | 79 |
| Gems and Jewelry | 28.8–29.83 | 71.5 |

### Table 2: Total U.S. Tariff Percentages for Pakistan and Bangladesh (as of April 3, 2025)

| Category | Pakistan Total Tariff (%) | Bangladesh Total Tariff (%) |
|--------------------------|-------------------------------|---------------------------------|
| General Goods (Avg.) | 32.5–33.0 | 40.0–40.5 |
| Electronics | 32.5–33.0 | 40.0–40.5 |
| Electric Vehicles | 31.5 | 39.5 |
| Steel | 54 | 62 |
| Aluminum | 39 | 47 |
| Solar Panels | 32.5–33.0 | 40.0–40.5 |
| Semiconductors | 32.5–33.0 | 40.0–40.5 |
| Agricultural Products | 34 | 42 |
| Textiles/Apparel | 32.5–33.0 | 40.0–40.5 |
| Machinery | 32.5–33.0 | 40.0–40.5 |
| Pharmaceuticals | 29–31.5 | 37–39.5 |
| Gems and Jewelry | 32.5–33.0 | 40.0–40.5 |


India do have an edge but definitely a trade deal can help to reduce some of the tariffs, if we play our cards right this could be an opportunity to attract more domestic and foreign direct investment in sectors like Goods, Textiles and even EV and Solar
Click to expand...
this is also reflected here, go through the thread

View: https://x.com/semubhatt/status/1907691096236326982#m
 
In today's edition of "we wuzz paying too much taxes and shiet";


View: https://twitter.com/maximuminvers66/status/1907115791998423067?cursor=pAAAAPCVHBn2EabD262Tgcn3NPiHuZH775n4NMTE06Gsm_H3NMLD3aWTlcf3NMSBuPHf6fz3NNiE0K3r6Lj3NIqEs6Wg_pv4NKjGs6mghsb3NNiAudmM38f4NLbB0sHdqPn3NLDFtPmR0_b3NIyBsZXO94b4NOaGs52QyMf3NJyAvYHmrtj3NPzDt6Hq-sb3NITI0YG-7bf3NL7B3KW_tsf4NCUCEhUEAAA


Tax whiner bhosdapillar got absolutely bodied by European goras, heartening to read. Too bad, some morons will continue whining regardless. I also blame the disgusting r̶o̶a̶c̶h̶e̶s̶ finfluencers for indoctrinating young gullible folks with their voodoo.
 
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crazywithmath said:
In today's edition of "we wuzz paying too much taxes and shiet";


View: https://twitter.com/maximuminvers66/status/1907115791998423067?cursor=pAAAAPCVHBn2EabD262Tgcn3NPiHuZH775n4NMTE06Gsm_H3NMLD3aWTlcf3NMSBuPHf6fz3NNiE0K3r6Lj3NIqEs6Wg_pv4NKjGs6mghsb3NNiAudmM38f4NLbB0sHdqPn3NLDFtPmR0_b3NIyBsZXO94b4NOaGs52QyMf3NJyAvYHmrtj3NPzDt6Hq-sb3NITI0YG-7bf3NL7B3KW_tsf4NCUCEhUEAAA


Tax whiner bhosdapillar got absolutely bodied by European goras, heartening to read. Too bad, some morons will continue whining regardless. I also blame the disgusting r̶o̶a̶c̶h̶e̶s̶ finfluencers for indoctrinating young gullible folks with their voodoo.
Click to expand...

Yikes .. I'm surprised that the goras put in so much effort to e-lynch that coolie so thoroughly. Looks like we arn't the only ones tired of these pleddit bhosdapillers.
 
johny_baba said:
this is also reflected here, go through the thread

View: https://x.com/semubhatt/status/1907691096236326982#m
Click to expand...


Commerce ministry has released its press note, seems like they are not making a huge deal with this and talking about Mission 500 and talking about their communication with US side, cross your fingers boyz these guys are arguably in one of the most complex trade negotiations in India’s history if somehow we crack it for win win deal we are definitely touching Trillion TEN by 2031 or 2032 GDP
 
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