Indian Economy (22 Viewers)

[ezsasa]

Truth of ease of doing business :


View: https://x.com/gemsofbabus_/status/1940624013207998697

why, is he in the business of re-routing chini goods to U.S and India?
if yes, then his business will face extra scrutiny.

 

[Doreamon]

how much does company equivalent of yours, pay in local tax in other countries?

I cnt say . I am talking about property tax only .. GST is separate . It ll vary . Situation in small cities in India is really bad .. In state capitals and big cities they have atleast maintained to some extend . My parents still talk about how dirty vrindavan was when they visited last time few years back and it's one of the most visited tourist spot of India .

 

[shuturmurg]

why, is he in the business of re-routing chini goods to U.S and India?
if yes, then his business will face extra scrutiny.

He founder and owner of global shipping and logistics company. So, you need him if you want to export more.

 

[ezsasa]

He founder and owner of global shipping and logistics company. So, you need him if you want to export more.

India doesn't "need" his murican company, there will be others who can provide the same service ,his company can leave and set up business elsewhere if he is so troubled by paperwork.

more over if he is in the business of re-routing of chini goods, once the new trade agreements start getting into effect, there is no point in his company having presence in India anyway. either he will have to change his business strategy or his company will close.

there is a global trade war going on, between world's largest importer and world's largest exporter. negotiations are going on between the two. if it turns out that this negotiation fails and balance shifts, all the companies world wide who have premised their business model based on old trade equations will have to either adjust to new reality or perish.

 

[liberalredditor]

his company can leave and set up business elsewhere if he is so troubled by paperwork.

this attitude will restrict all the fdi influx, they will say form your own companies and compete with us, we aint investing in your country

 

[ezsasa]

this attitude will restrict all the fdi influx, they will say form your own companies and compete with us, we aint investing in your country

that's scare mongering, don't fall for it. in reality it's the ROI that matters. Indian economy has been giving a returns of about 20%, that's what matters.

as far as murican FDI is concerned, fdi influx is a function of cheap $ available in U.S economy. when their printers go brrrr, more money comes in. when printers stop, FDI slows down.

historically murican companies do not succeed in Indian market, unlike european companies. both adopt two different approaches, european companies have been here since decades, they try to integrate themselves into ground realities, muricans don't. classic example is GM. digital companies are a different story, there is a WTO moratorium on regulating them trade wise.

most of India's FDI, comes from singapore and mauritius. which is basically Indian money being round tripped thru those countries.

 

[liberalredditor]

how to bring in the youropeean and burgerican money to india, if we can get those dollars and euro here, that would generate a huge amount of jobs and propel the economy to 9%+ growth. our indian origin executives have failed to show loyalty and bring in the money to india as investment in manufacturing and front office work

 

[ezsasa]

how to bring in the youropeean and burgerican money to india, if we can get those dollars and euro here, that would generate a huge amount of jobs and propel the economy to 9%+ growth. our indian origin executives have failed to show loyalty and bring in the money to india as investment in manufacturing and front office work

FDI inflow has been highest it has ever been in past 10 years.

 

[liberalredditor]

FDI inflow has been highest it has ever been in past 10 years.
View attachment 42067

but job market

 

[ezsasa]

but job market

what about job market, be more specific.

 

[liberalredditor]

what about job market, be more specific.

did you see the placement stats of top engineering colleges of 2023 and 2024 batches?? they got rawwdogged, first - off campus hiring frozen, ppo revoked, handful companies coming and only hiring girls, in top colleges, batches had habit of getting 80% placed withing 6-7 days, but in 23 and 24 it took whole sem just to get 60% placed, situation was really bad, still recovery hasnt happened, internships are still below 2021-22 levels, companies extend joining and then suddenly revoke the offer letter

over all a really gruesome period for hardworking engineers

 

[shade2]

did you see the placement stats of top engineering colleges of 2023 and 2024 batches?? they got rawwdogged, first - off campus hiring frozen, ppo revoked, handful companies coming and only hiring girls, in top colleges, batches had habit of getting 80% placed withing 6-7 days, but in 23 and 24 it took whole sem just to get 60% placed, situation was really bad, still recovery hasnt happened, internships are still below 2021-22 levels, companies extend joining and then suddenly revoke the offer letter

over all a really gruesome period for hardworking engineers

AI fever is fucking the job market for anyone working in software.
It's not something unique to India.

 

[ezsasa]

did you see the placement stats of top engineering colleges of 2023 and 2024 batches?? they got rawwdogged, first - off campus hiring frozen, ppo revoked, handful companies coming and only hiring girls, in top colleges, batches had habit of getting 80% placed withing 6-7 days, but in 23 and 24 it took whole sem just to get 60% placed, situation was really bad, still recovery hasnt happened, internships are still below 2021-22 levels, companies extend joining and then suddenly revoke the offer letter

over all a really gruesome period for hardworking engineers

haven't watched this space.

if the customer base of these companies are in U.S and EU, then it is to be expected. EU and U.S markets haven't been doing well since chini virus. when customer market does not do well, it will impact hiring.

 

[jaijaganath]

AI fever is fucking the job market for anyone working in software.
It's not something unique to India.

I dont understand this so called fever
If anyone could explain it then it would be nice
Coz I myself trying and building things (coding) and what I feel its basically the market slowdown has caused the so called phenomenon
And to be honest not much options are available for core sectors as I did an internship and the requirement doesn't suit B-Tech grads

Sirji u work in which sector?

 

[asl001]

View: https://youtube.com/shorts/HZzGMt9P1y8?si=HVcC65BerCoiYnba

 

[shade2]

I dont understand this so called fever
If anyone could explain it then it would be nice
Coz I myself trying and building things (coding) and what I feel its basically the market slowdown has caused the so called phenomenon
And to be honest not much options are available for core sectors as I did an internship and the requirement doesn't suit B-Tech grads

Sirji u work in which sector?

software engineer/full stack engineer.

basically the current fever is you have an AI prompt thing like Claude, tell it what you want and it will spit out code
The hype is like the code juzt werks( mostly ) so you just have to fix the rest of it, so for that reason you don't need juniors and interns anymore, just pay a senior with 5 yoe peanuts and he will do it.

All the Amazon/Google types also have inhouse tools like this to generate code based on their custom secret sauce code and systems.

I don't know how many years it will take to correct from this hype cycle

It affects other professions too like sales and customer service which are replaced by chatbots now.

TLDR suit boot thinks he can fire all his lazy employees and save on their paisa, give himself a fat bonus while paying for a ( allegedly cheaper ) subscription to AI LLM Prompt merchant + senior devs to do the same thing for cheep

 

[ezsasa]

FDI inflow has been highest it has ever been in past 10 years.
View attachment 42067

@concard @crazywithmath et al

what is the domestic equivalent of FDI?
as in, is there a single source of such data for domestically funded investment, or does it have to be collated from multiple sources?

i remember going thru this in the old forum, now i can't recall the source data.
could be from corporate banking portfolio of major banks, but not sure.

80 billion $ FDI is about 6.6 lakh crore.
domestically sourced investment will definitely be multiple times of fdi value per year, i am assuming.

 

[redpanda]

@concard @crazywithmath et al

what is the domestic equivalent of FDI?
as in, is there a single source of such data for domestically funded investment, or does it have to be collated from multiple sources?

i remember going thru this in the old forum, now i can't recall the source data.
could be from corporate banking portfolio of major banks, but not sure.

80 billion $ FDI is about 6.6 lakh crore.
domestically sourced investment will definitely be multiple times of fdi value per year, i am assuming.

That's just your typical private and household investment. Government does track it. Have to check RBI or relevant ministries database .

 

[Hari Sud]

Trump’s July 9 Deadline Looms: Trade Chaos or Climbdown?

As Trump’s self-imposed July 9 deadline for trade deals and tariff action approaches, anticipation builds. So far, only a few nations—like Britain and Vietnam—have signed under pressure, and it’s unclear what concessions Trump made to secure rare earths from China.

With over 90 deals promised, he’s far from his goal. Will he unleash sweeping tariffs and disrupt global trade, or back down from his threats? Given his track record, a tariff storm seems far more likely. The world should brace for impact.

 

[eastern_bhartiya]

did you see the placement stats of top engineering colleges of 2023 and 2024 batches?? they got rawwdogged, first - off campus hiring frozen, ppo revoked, handful companies coming and only hiring girls, in top colleges, batches had habit of getting 80% placed withing 6-7 days, but in 23 and 24 it took whole sem just to get 60% placed, situation was really bad, still recovery hasnt happened, internships are still below 2021-22 levels, companies extend joining and then suddenly revoke the offer letter

over all a really gruesome period for hardworking engineers

I'm from 2026 batch and not sure about what's in the store for me, but I decided to turn to cybersec instead and rn, preping for comptia cysa+.

Post COVID has been kinda painful for IT sector, euro and USA markets got fucked by lockdowns and many haven't recovered,plus there is craze for AI now, future is uncertain, two things can happen

:- Economic conditions improve in West and IT firms resume normal hiring.

:- Ai stuff actually proves to be good at task that were being outsourced.

Second scenario is bad news for entire indian economy and govt, who will probably face largest unemployment crisis. Now we have to wait till atleast 2-3 quarter of fy25-26 to see the trends.