Indian Economy (25 Viewers)

[Ajayant Tripathi]

View: https://x.com/zerodhamarkets/status/1937492008404447420

Amazing. Zerodha is truly making world class content. This is how changes happen.

In this thread they are discussing Virtual Power Purchase Agreements. They explain it with incredible examples.

I think we all should follow it.

 

[LETHALFORCE]

View: https://x.com/hvgoenka/status/1936004739562443084

 

[redpanda]

View: https://x.com/hvgoenka/status/1936004739562443084

Most of the Research & Development in India is funded by the government. And it only happens in select few universities & institutions. The funding process is also very complicated and cumbersome. Often not enough. As any typical government funded programme. Most IIT/IISc folks who even innovative something just leave with their research for US,Germany, etc. Because their research doesn't get appreciated here. Take example of that perplexity guy. Our private companies, investors, etc. are very myopic and risk averse. They hardly ever invest on R&D. Thus this mess. Blaming the government is easy but the main culprits are our investors & companies. Except a few companies like Tata and L&T I haven't heard of any company ever collaborating or funding R&D in our universities.

 

[redpanda]

I remember reading an insightful article which highlighted how many companies have seen consistent year-on-year growth in turnover, yet their investment in R&D has remained largely stagnant. At the same time, these companies have also shown little interest in raising employee salaries or improving workforce conditions. Instead, a significant portion of their profits has been directed toward increasing shareholder dividends and expanding marketing efforts. This reflects a broader metastatic corrupt mindsets of prioritising short-term returns over innovation and employee well-being among our dhando class.

 

[sauntheninja]

I remember reading an insightful article which highlighted how many companies have seen consistent year-on-year growth in turnover, yet their investment in R&D has remained largely stagnant. At the same time, these companies have also shown little interest in raising employee salaries or improving workforce conditions. Instead, a significant portion of their profits has been directed toward increasing shareholder dividends and expanding marketing efforts. This reflects a broader metastatic corrupt mindsets of prioritising short-term returns over innovation and employee well-being among our dhando class.

Imo instead of ceo salaries increasing by so much over the last 10-15 years of they could instead increase the salaries of employees than a direct benefit would be increased consumption and taxes but all they have done is increase their coffers. Look at the average salaries in our MNCs TCS, Accenture giving 2-4% hike yearly so many engineers salary is stagnant

 

[redpanda]

Imo instead of ceo salaries increasing by so much over the last 10-15 years of they could instead increase the salaries of employees than a direct benefit would be increased consumption and taxes but all they have done is increase their coffers. Look at the average salaries in our MNCs TCS, Accenture giving 2-4% hike yearly so many engineers salary is stagnant

I remember some minister being displeased about this behaviour. Modi government assumed they would increase salary on their own and invest in R&D. But turned out our chindi chor dhandos will rather fill that extra money from reduction in taxes, profits, etc. in their pockets rather than using it in the right direction.

Even western company have this behaviour. But atleast they invest in R&D. Our guys don't do that either. They just fill their own & investor's coffers.

 

[LETHALFORCE]

Most of the Research & Development in India is funded by the government. And it only happens in select few universities & institutions. The funding process is also very complicated and cumbersome. Often not enough. As any typical government funded programme. Most IIT/IISc folks who even innovative something just leave with their research for US,Germany, etc. Because their research doesn't get appreciated here. Take example of that perplexity guy. Our private companies, investors, etc. are very myopic and risk averse. They hardly ever invest on R&D. Thus this mess. Blaming the government is easy but the main culprits are our investors & companies. Except a few companies like Tata and L&T I haven't heard of any company ever collaborating or funding R&D in our universities.

this could be why so many defense projects take decades?? There should be more incentives for private
investment, cannot see how india could be competitive on a global stage without it??

 

[redpanda]

this could be why so many defense projects take decades?? There should be more incentives for private
investment, cannot see how india could be competitive on a global stage without it??

Issue is there is a limit to how much a government can push companies in a democracy. Incentivisation is often taken differently by different actors. Take PLI for example, not every company who participated acted in a good way. Some players like Ambani are constantly asking the government for further extensions. Hand holding in a country like China works because they are not a democracy and can often take some extreme actions if the company in question doesn't follow the party's mandate. In India the company can just say "Yeah we will do." And then fudge data, while there would be not much significant R&D. Our business class has a lot of low risk high reward mindset folks.

 

[LETHALFORCE]

Issue is there is a limit to how much a government can push companies in a democracy. Incentivisation is often taken differently by different actors. Take PLI for example, not every company who participated acted in a good way. Some players like Ambani are constantly asking the government for further extensions. Hand holding in a country like China works because they are not a democracy and can often take some extreme actions if the company in question doesn't follow the party's mandate. In India the company can just say "Yeah we will do." And then fudge data, while there would be not much significant R&D. Our business class has a lot of low risk high reward mindset folks.

an old cliche -no pain no gain.

 

[redpanda]

For one Baba Kalyani there are 10 Narayan Murthy like grifters in India who only want to go with low risky high reward gadha mazdoori business. Adani is somewhat of mix guy. He is hated for this reason, by many who don't want India grow. Also one of the few companies that is investing in R&D these days.

 

[liberalredditor]

For one Baba Kalyani there are 10 Narayan Murthy like grifters in India who only want to go with low risky high reward gadha mazdoori business. Adani is somewhat of mix guy. He is hated for this reason, by many who don't want India grow. Also one of the few companies that is investing in R&D these days.

adani is a risk taker for sure, mf bought the most modern coal terminal tech for his ports, bought silicon wafer manufacturing and all, only issue is in the direct consumer sectors like airports, high charges have increased the airfares,
he needs to take risks in r&d also but it is a well stablished fact that gujju dhandhos dgaf to r&d, for them traditional business >>> any other way. thats why adani does screwdrivergiri of 100s of equipments like drones to igla and all