Indian Economy

[dr.defence]

Sir, Isn't it sensible now that instead of greenfield intercity lines government should focus more on hsr lines between these cities so as to save upgradation cost layer as our economy grows . Can anyone please do a financial comparison between both tracks

 

[angryindian]

Extremely worrying trend - India is losing market share in IT to Vietnam.



In the absence of a large manufacturing sector, the IT industry provided a cushioning by employing a large number of youths, a decline in I.T in terms of employment generation could lead to mass social upheaval.

 

[SlayingHell]

Extremely worrying trend - India is losing market share in IT to Vietnam.

View attachment 10023

In the absence of a large manufacturing sector, the IT industry provided a cushioning by employing a large number of youths, a decline in I.T in terms of employment generation could lead to mass social upheaval.

The IT sector always felt like a Belt to tame India and convert its precious human talent into IT coolies who if not could work in Aeronautics, Nuclear, Marine, Missiles, Space, BioTech and such which actually elevates India.

 

[Blademaster]

@ezasasa sir what are your thoughts on GOI giving subsidy to setup EV charging infrastructure
I know this will promote ev and reduce the oil imports so wii be beneficial cost wise but isn't it that if we keep giving such incentives than no task will be taken by industry till a incentive is given.

And industry will be completely depend on government only to devlop a sector or won't do anything on their own.
And I don't think that it will be good because we can't guarantee till when modi or other pro industrialization government will be there ultimately industry has to stand on it's own feet and not on the shoulders of government .
Point of view of other respectable members is also appreciated

On the downside, GoI will lose a massive source of income. The surcharge tax they impose on purchases of oil & gas is what pay for many of these government programs. How do you think Modi rescued the GoI's coffers out of its woes after a decade of Congress mismanagement and yet keep the Indian rupee from being devalued too much?

Once we switch to all EVs, GoI has to figure out a way to how to replace that lost revenue and not only that ensure that the rupee does not get devalued as a currency.

 

[crazywithmath]

Extremely worrying trend - India is losing market share in IT to Vietnam.

View attachment 10023

In the absence of a large manufacturing sector, the IT industry provided a cushioning by employing a large number of youths, a decline in I.T in terms of employment generation could lead to mass social upheaval.

A Reddit post? I have been hearing this same old story of India losing out to XYZ nation on ITES for years now. Our service exports grew 5% y-o-y btw, global slowdown notwithstanding.

Sir, Isn't it sensible now that instead of greenfield intercity lines government should focus more on hsr lines between these cities so as to save upgradation cost layer as our economy grows . Can anyone please do a financial comparison between both tracks

TBH, only a few BG lines have been planned (Nashik-Pune, Mumbai-Indore etc). Also, mainline, SHSR and HSR can coexist - you have low-cost carriers and premium carriers flying from the same airport, don't you?

 

[maximus777]

Extremely worrying trend - India is losing market share in IT to Vietnam.

View attachment 10023

In the absence of a large manufacturing sector, the IT industry provided a cushioning by employing a large number of youths, a decline in I.T in terms of employment generation could lead to mass social upheaval.

I dont think Vietnam has the volume of HR needed to replace India, but this is a nice wakeup. Wannabe super power cant be a one trick pony. Need to diversify and govt/private sector need to explore other avenues.

 

[DingDong]

Extremely worrying trend - India is losing market share in IT to Vietnam.

View attachment 10023

In the absence of a large manufacturing sector, the IT industry provided a cushioning by employing a large number of youths, a decline in I.T in terms of employment generation could lead to mass social upheaval.

Unnecessary and deceptive reporting.

Not only Vietnam, but many companies are moving to the places likes of Philippines and Sri Lanka. India is moving up the value chain in the various sectors including IT. Skilled manpower is no longer cheap here in India. Indian domestic market is big enough to absorb the shortfall in the services exports.

 

[Azaad]

Will Mukesh Ambani pull a Jio on Coke and Pepsi?

Reliance's Mukesh Ambani has revived the Campa Cola brand to challenge Coca-Cola and PepsiCo in India. By offering products at half the price, Reliance aims to disrupt the market. This move has prompted Coca-Cola and PepsiCo to accelerate promotions, although they have yet to cut prices.

m.economictimes.com

 

[ezsasa]

@ezasasa sir what are your thoughts on GOI giving subsidy to setup EV charging infrastructure
I know this will promote ev and reduce the oil imports so wii be beneficial cost wise but isn't it that if we keep giving such incentives than no task will be taken by industry till a incentive is given.

And industry will be completely depend on government only to devlop a sector or won't do anything on their own.
And I don't think that it will be good because we can't guarantee till when modi or other pro industrialization government will be there ultimately industry has to stand on it's own feet and not on the shoulders of government .
Point of view of other respectable members is also appreciated

this report says 2000 crores is the budgeted amount. for the forex outgo on oil imports that it is preventing , high value at low cost.

just like our previous convo on electronics manufacturing and this one, just keep this in mind that gormint is not subsidising on a whim. they are spending on areas where there is scope for reducing forex outflow.

India imports 150 billion $ of crude oil every year, and the demand keeps growing every year.

it's not a discussion point these days, but in modi first term forex outflow on electronics and crude oil used to be a major discussion point. largely because at that time forex reserves used to be around 300-350 billion $ range.

Charging infrastructure development also receives a major push, with ₹2,000 crore to support the installation of 22,100 fast chargers for e-four-wheelers, 1800 fast chargers for e-buses and 48,400 fast chargers for e-two-wheelers and three-wheelers in select cities with high levels of EV penetration.

https://www.livemint.com/companies/news/govt-approves-rs-10-900-cr-pm-e-drive-to-push-electric-mobility-11726069070121.html

 

[Suryavanshi]

Will Mukesh Ambani pull a Jio on Coke and Pepsi?

Reliance's Mukesh Ambani has revived the Campa Cola brand to challenge Coca-Cola and PepsiCo in India. By offering products at half the price, Reliance aims to disrupt the market. This move has prompted Coca-Cola and PepsiCo to accelerate promotions, although they have yet to cut prices.

m.economictimes.com

Coke thing is unique to it.
It's more of Google of Soft Drink world.
Maybe Ambani will be able to get both national and international stars to do a ad for him. I see it as the only way to challenge CocaCola.