Indian Economy

[GaudaNaresh]

Brits are erecting market barriers against the chongs. Look at the number of anti dumping duties they have introduced in recent years.



What does an FTA have to do with brit jihadis? It is an FTA, they only get to export some stuff at minimal duties, that is about it.

FTA means easier economic links. Easier to make ties with companies. Both here and with FTA country. It gives economic leverage, etc. Which means your Brit Jihadis get easier time funneling jihad money to India and in THIS aspect we are fooked coz India cannot compete with UK in the only field UK still has world power status: media and narrative might. They will provide cover fire for their jihadi terrorist funding in India with impunity and we will be stuck playing whack a mole and the fearsomely powerful, labyrinthine in intricacy London Financial Market will provide the free un-frettered transfer of arab $$ to india as jihadi pipeline money, via UK FTA. This is the great risk we carry.


Again, brit market-size is so small and so much on decline it doesnt matter. Today their purchasing power and metrics are worst in G20. In 15 years they will be approaching mexico levels. So what they do to their market, is crumbs for us.
Sure, we carry same risk with EU because EU is also on track to become muslimified for its power players like France, Germany and Sweden at same rate as UK, but they aint economically collapsing like UK and EU is a market of 500 million, so it IS worth taking the risk over EU.

 

[crazywithmath]

FTA means easier economic links. Easier to make ties with companies. Both here and with FTA country. It gives economic leverage, etc. Which means your Brit Jihadis get easier time funneling jihad money to India and in THIS aspect we are fooked coz India cannot compete with UK in the only field UK still has world power status: media and narrative might.

I think our FCRA regime is stringent enough to stop such inflows (if any). Also, RBI guidelines - phoren corporate banks can at best get some minor market access and even that will come with a lot of pre-conditions.

Again, brit market-size is so small and so much on decline it doesnt matter. Today their purchasing power and metrics are worst in G20.

I am genuinely curious, do you have some data to back it up? Because G20 has South Africa, of all.

 

[Azaad]

I think we are going in circles so my last response on this - the Indian babudom is obsessed with these 'business visa quotas' and they are willing to go great lengths to bag them. They do not care if it stalls the negotiations.

If they didn't & signed up on FTAs like we did with RoK , Japan & especially ASEAN , they'd get their share of brickbats for repeating mistakes & rightfully so .

Then again it's for the cabinet & the PM to take the final call .

Also, one reason why the FTA with the GCC nations has not seen much progress.

Due to biz visas when their entire economy is dependent on menials & professionals from here apart from biz men ? Find it hard to believe.

The one with the Aussies got completed because they were more open to accepting temporary workers (joker Goyal even bragged about it).

Every nation tries to capitalise on products or in this case services it has some sort of advantage in . Why blame us for not doing so ?

 

[crazywithmath]

If they didn't & signed up on FTAs like we did with RoK , Japan & especially ASEAN , they'd get their share of brickbats for repeating mistakes & rightfully so .

Those FTAs were signed in a different global environment under a different administration that entirely gave up on domestic industries and pursued a polar opposite trade policy. We should not remain paranoid about that in 2025.

Due to biz visas when their entire economy is dependent on menials & professionals from here apart from biz men ? Find it hard to believe.

You do not have to take my words. There are a number of articles on the ORF lamenting the slow progress over a number of FTAs because of our obsession with 'business visas'. I linked one of them in a previous response of mine here.

Every nation tries to capitalise on products or in this case services it has some sort of advantage in . Why blame us for not doing so ?

Because our products are quite competitive right now - our non petroleum exports would not experiencing near double digit growth otherwise. But the gormint babus themselves have a very very low opinion of India's trade competitiveness - they are still living in the '90s. We can make the most out of an FTA even without those business visa quotas and ideally, that is how a confident fast growing economy should act.

It does not help that the Indian trade services are understaffed and headed by a clueless Minister (Swarajya did a nice article on this a few weeks back).

 

[Cheepek]

2 bit bakwaaas from twitter now reaches official events, it's nothing but shameful


View: https://x.com/priteshlakhani/status/1908165365332418664?t=tfxPBHzuMxSnoWomAObpNA&s=19

 

[Spacemarine]

Samsung Union Strike: Samsung union threatens strike a month after ending protests | Chennai News - The Times of India

CHENNAI: Samsung employees union has threatened to go on a strike at the company’s plant near Chennai, just after a month of withdrawing the protests.

timesofindia.indiatimes.com

REDACTED from south in jesas lands dont want investment saaar, better move all the assembly line to Noida better than it going to vietnam..
I always wonder why no protest ever happen in chini run assembly lines in India … ccp money in pockets of south REDACTED?

 

[eastern_bhartiya]

Samsung Union Strike: Samsung union threatens strike a month after ending protests | Chennai News - The Times of India

CHENNAI: Samsung employees union has threatened to go on a strike at the company’s plant near Chennai, just after a month of withdrawing the protests.

timesofindia.indiatimes.com

nijjers from south in jesas lands dont want investment saaar, better move all the assembly line to Noida better than it going to vietnam..
I always wonder why no protest ever happen in chini run assembly lines in India … ccp money in pockets of south nijjers?

its likely a small group of workers who are commie party members

 

[FalconSlayers]

Holy shit.

View: https://x.com/Bangalorereal1/status/1908044296789295209?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1908044296789295209%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=


Meanwhile cities continue to resemble worse than failed states.

 

[why so serious?]

It has mostly got to do with India's value system that hates innovation due to high risk-aversion. There is also a relationship between a lack of innovation and the Jugaad system.

Why single out the startups? Just look at the big Indian businesses, how much do they invest in R&D? The figures are laughable. Just listen to the kinds of Narayanmurthy, and be amazed by the lack of interest in the high-tech businesses.

Even in case of the traditional ventures, the term-sheets are extremely hostile towards the original promoters (extremely favorable towards the VCs).

True,

I can tell you from personal experience in b2b business try bringing a new product in the market forget about the supplier resistance you get apprehensions from the customers as well. No one wants to work to try out new things.

Suppliers are not ready to even spend on samples , whereas a chinese supplier would send you repeated free samples from China even if you do not place any order.

Traditional Indian businesses are one of the most risk and change averse.

 

[ezsasa]

Its not as simple as that. Hypothetically we can increase the value of INR and bring it on par with USD. But it will have drastic consequences in our domestic economy.


Currency exchange rate are not that much dependent on state of internal economy. They are more dependent on deficits. They starved their own people but didn't budge on exchange rates.

It will be akin to a household which chooses to forgo material acquisition but not rack up debts. They will take public transport but will not buy personal vehicle. They will eat food one time but will not buy on credit from local grocer. Thats what they did.

i'll rejoin the convo here since @GaudaNaresh has brought out the points i would have.

but chini did rack up debts by delinking national accounts from local accounts for a long time, by maintaining two books (kacha and pakka khatas). post chini virus, this topic has died down, but there used to be constant literature on this pre chini virus.

even if we go by your formula, there are more factors unrelated to competitiveness calculations that are determining the CAD and there by exchange rate i.e energy imports and remittances. our trade deficit clock starts at -110 billion $ on crude oil imports alone.

this reliance on currency devaluation helps sure, but that does not create and expand infra assets. the highways, railways and ports expansion that we see is a small part of facilitating value addition i.e lowering/improving cost of logistics there by effecting the bottom line. gormint is not building expressways for families to go on long drives, they are building them for logistics trucks and freight trains to move faster and cheaper. there by improving bottom line.

by any chance, are you a fan of raghu ram rajan school of economics, trying to run the economy via interest rates and money supply?

to sum up my argument, in my world view chasing ways to improve value addition yields more diverse positive results to the system as a whole than currency devaluation.

 

[why so serious?]

The Startups we want in India, EVs, AI, Tech, Space, Defence, Manufacturing...

VS

Startups we get in India.


https://www.cnbctv18.com/business/s...l-fools-prank-brand-campaign-19584502.htm/amp


PS : its a prank.

 

[eastern_bhartiya]

If you watch few episodes of Shark tank you will notice, these sharks will jump immediately jump to invest in some random, cola, chips mithai startup but if some guy comes with a genuinely good product, they will start asking question about muh sales, muh profit, muh previous investors

 

[ezsasa]

@Azaad might as well take a chance now at couptaji's wisdom on exchange rate, before it starts falling again
====

a month ago..

Key nuances as Rupee falls past 86 to US $. Why it keeps hitting its 'lifetime low' almost each day​

View: https://youtu.be/NaWHmgLuftA





BD gdp per capita
SL gdp per capita
vietnam
exchange rate

he makes a video, and the universe acts to prove him wrong within a few months.
lingering effects of panauti on coupta

 

[trombone]

Holy shit.

View: https://x.com/Bangalorereal1/status/1908044296789295209?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1908044296789295209%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=


Meanwhile cities continue to resemble worse than failed states.

true dat. 90% of bengaluru resembles bombed out syria.

 

[Nutcracker]

how-bsnl-s-failure-to-bill-jio-for-10-years-cost-government-1-757-crore-cag-report

https://www.livemint.com/videos/how-bsnl-s-failure-to-bill-jio-for-10-years-cost-government-1-757-crore-cag-report-full-details-11743609205033.html

View: https://www.youtube.com/watch?v=PBT7no0h8lo

 

[trombone]

AI induced joblessness is real. zomato's recent layoff of customer support was an example. and more cos. are to follow soon. this thing will start hitting where it hurts - consumption - over many many quarters.

Zomato Lays Off 500 Workers Amid AI Automation: What It Means

Zomato laid off around 500 of its employees from its ZAAP programme in Gurugram and Hyderabad with AI reportedly involved in this decision.

www.medianama.com

 

[Prasad]

AI induced joblessness is real. zomato's recent layoff of customer support was an example. and more cos. are to follow soon. this thing will start hitting where it hurts - consumption - over many many quarters.

Zomato Lays Off 500 Workers Amid AI Automation: What It Means

Zomato laid off around 500 of its employees from its ZAAP programme in Gurugram and Hyderabad with AI reportedly involved in this decision.

www.medianama.com

well guys,
I am off to get a job in the AI onlyfans industry.

Don't judge me

 

[pixxel]

Samsung Union Strike: Samsung union threatens strike a month after ending protests | Chennai News - The Times of India

CHENNAI: Samsung employees union has threatened to go on a strike at the company’s plant near Chennai, just after a month of withdrawing the protests.

timesofindia.indiatimes.com

nijjers from south in jesas lands dont want investment saaar, better move all the assembly line to Noida better than it going to vietnam..
I always wonder why no protest ever happen in chini run assembly lines in India … ccp money in pockets of south nijjers?

Calm down REDACTED

 

[notaname]

AI induced joblessness is real. zomato's recent layoff of customer support was an example. and more cos. are to follow soon. this thing will start hitting where it hurts - consumption - over many many quarters.

Zomato Lays Off 500 Workers Amid AI Automation: What It Means

Zomato laid off around 500 of its employees from its ZAAP programme in Gurugram and Hyderabad with AI reportedly involved in this decision.

www.medianama.com

And dilemma is Zomato's customer support doesn't work.

Majority of concerns are not solved people just close the chat. (From my personal experience and many others crying on X).

 

[Azaad]

Those FTAs were signed in a different global environment under a different administration that entirely gave up on domestic industries and pursued a polar opposite trade policy. We should not remain paranoid about that in 2025.

Back then the rationale offered was the faster we get these FTAs signed the better for our trade . First movers advantage etc . was being touted as explanations to conclude those FTAs. See it as part of a learning curve albeit a pretty steep one .

Btw - those FTAs with RoK & Japan turning counter productive should be held up to people here who argue FTAs should only be with more developed economies rather than developing ones for the latter are our direct competitors - either existing or potential.

You do not have to take my words. There are a number of articles on the ORF lamenting the slow progress over a number of FTAs because of our obsession with 'business visas'. I linked one of them in a previous response of mine here.

Perhaps you could link one or a couple of articles here.

Because our products are quite competitive right now - our non petroleum exports would not experiencing near double digit growth otherwise. But the gormint babus themselves have a very very low opinion of India's trade competitiveness - they are still living in the '90s. We can make the most out of an FTA even without those business visa quotas and ideally, that is how a confident fast growing economy should act.

Point taken but why should we give up on business visas if they're potential money spinners for us . If the GoI has made non acceptance of them to be deal breakers there must be solid reasons to do so .

It does not help that the Indian trade services are understaffed and headed by a clueless Minister (Swarajya did a nice article on this a few weeks back).

Goel has been in charge for more than a decade now . I doubt you can be in a ministry that long & still be as incompetent as you're claiming. Besides I've never seen reports in MSM or SM targeting him the way for instance we see NS being targeted. Cut him some slack.