Indian Economy

[FalconSlayers]

it depends on revenue potential. power gencos and discoms were going bust during UPA, now there is clarity on capex spending on power infra, hence the new factories.

demand and supply.

I know, I am not talking about capacity but capability and willingness to compete in international export markets. Ideally all high grades of steel should be in production in India given the scale we have. Otherwise putting tariffs on dumping wouldn't yield any benefits when domestic equivalents aren't available.

 

[ezsasa]

I know, I am not talking about capacity but capability and willingness to compete in international export markets. Ideally all high grades of steel should be in production in India given the scale we have. Otherwise putting tariffs on dumping wouldn't yield any benefits when domestic equivalents aren't available.

the things that seem so obvious now, were not so obvious even 7-8 years ago.

it was a global phenomenon not limited to India, global manufacturing moved to chyna for 30-40 years because that's what all western economists and bankers insisted, now attempts are being made to rebalance the supply chains.

if GoI hadn't insisted on make in India and atma nirbhar Bharat, money bags wouldn't be investing in some of these not-so obvious verticals. it took a global chini virus crisis for moneybags across the world to get on board.

 

[shade2]

Wow why are these clowns urging us to join RCEP?

India should join China-backed Asian trade bloc it rejected years back, NITI Aayog CEO says

A top Indian government official urged India to join the RCEP and CPTPP trade blocs to boost manufacturing and exports. He argued that India missed out on opportunities from companies seeking to diversify supply chains beyond China due to high tariffs.

m.economictimes.com

Looks like dalals have come out of the woodwork to sell the country to China after disengagement at LAC

RCEP would destroy the domestic agricultural items industry and the manufacturing industry.
Doubt govt is that stupid, we have already been burnt with FTA with Thailand, Vietnam type countries already

 

[Screambowl]

global manufacturing moved to chyna for 30-40 years because that's what all western economists and bankers insisted

The first choice was India, but then there was term called a swadeshi coined by Janta Dal and Congress again in the seventh phase of the swadeshi and did not really want foreign companies settling in India.

License raj was also a small part of it.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://ippr.in/index.php/ippr/article/download/53/30/103&ved=2ahUKEwjij6a0nMyJAxXO-AIHHVJPMPYQFnoECCIQAQ&usg=AOvVaw2jLeUUisWBUsCYZQSJVdPD

In addition to the “socialistic pattern of society”, a mixed economy with a large role of the public
sector, the 1947-92 phase saw import substitution as a policy tool that eventually became an end in
itself. Foreign investment and trade were controlled.

Administratively, these policies were implemented
through regimes of industrial licensing, quotas, administered prices and foreign exchange controls.
There was some easing of controls beginning in the early 1980s, but the overall framework remained
in place until it was shaken apart by the economic crisis of 1991

 

[ezsasa]

The first choice was India, but then there was term called a swadeshi coined by Janta Dal and Congress again in the seventh phase of the swadeshi and did not really want foreign companies settling in India.

License raj was also a small part of it.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://ippr.in/index.php/ippr/article/download/53/30/103&ved=2ahUKEwjij6a0nMyJAxXO-AIHHVJPMPYQFnoECCIQAQ&usg=AOvVaw2jLeUUisWBUsCYZQSJVdPD

yet to see academic papers from that period which suggests, murican money bags were insisting on investments in India. India was considered pro-soviet at that time.

either way, china has first mover advantage since they liberalised their economy ahead of the time asian tigers were stalling.

 

[Screambowl]

India was considered pro-soviet at that time.

either way, china has first mover advantage since they liberalised their economy ahead of the time asian tigers were stalling.

murica did not want to lose China to communist. All these liberalisation in China were merican strategic response to counter Soviet aggression in China. Just like they don't want India to help Russia in their war in Ukraine and stop business with Russia. But Chinese were cunning they played the 'beech ka bichu' .

You should read about NSC-68

 

[SKC]

Literally yesterday. Wtf is even going on. Made in India is printed over the wrapper, but racket says Chyena.
View attachment 14567

Well, the wrapper is indeed Made in India!