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!

 

[ezsasa]

what's with advisors of gormint these days, earlier it was CEA now this?
======

India should be part of RCEP, CPTPP: Niti Aayog CEO BVR Subrahmanyam​

https://www.business-standard.com/economy/news/india-should-be-part-of-rcep-cptpp-niti-aayog-ceo-bvr-subrahmanyam-124110701066_1.html

 

[concard]

what's with advisors of gormint these days, earlier it was CEA now this?
======

India should be part of RCEP, CPTPP: Niti Aayog CEO BVR Subrahmanyam​

https://www.business-standard.com/economy/news/india-should-be-part-of-rcep-cptpp-niti-aayog-ceo-bvr-subrahmanyam-124110701066_1.html

As usual another IAS moron who mugged 10,000 pages of facts is recommending shit which will come to bite us back in the ass in the future.

B. V. R. Subrahmanyam - Wikipedia

en.wikipedia.org

Right now, any trade block China is a part of is a net negative for us. We need to allow our own industries to grow and be competitive head to head before thinking about signing FTA's. We saw what happened with FTA's signed with South Korea and Indonesia. Chinese were routing their steel through Indonesia. And our own filthy haramkore traders were routing Gold through South Korea to defy tariffs on Gold. We need to increase our Engineering exports to $1 Trillion before we can think of joining any trade blocks.

 

[GodEmperorDoom]

As usual another IAS moron who mugged 10,000 pages of facts is recommending shit which will come to bite us back in the ass in the future.

B. V. R. Subrahmanyam - Wikipedia

en.wikipedia.org

Right now, any trade block China is a part of is a net negative for us. We need to allow our own industries to grow and be competitive head to head before thinking about signing FTA's. We saw what happened with FTA's signed with South Korea and Indonesia. Chinese were routing their steel through Indonesia. And our own filthy haramkore traders were routing Gold through South Korea to defy tariffs on Gold. We need to increase our Engineering exports to $1 Trillion before we can think of joining any trade blocks.

Some are arguing on X that a majority of our exports are from MSMEs likely around 40% who would be boosted if RCEP is agreed upon.

How true is the statement that our MSMEs would improvise with "alleged" advantages like Cheap Raw Materials, Easier access to Machinery and Human Resources and such ? Because they are arguing that it would hurt the Dhandomaxxers the most since they gobble up all profits with no incentive to improvise whereas most MSMEs are doing hard R&D with less profits.

To what level is it okay to sacrifice Dhandomaxxers for sake of MSMEs?

 

[crazywithmath]

Some are arguing on X that a majority of our exports are from MSMEs likely around 40% who would be boosted if RCEP is agreed upon.

They are idiots.

 

[vin pahadi (kumauni)]

total debts of different countries till 2023 dec:-

if we see india, most part of debt is internal debts. external debts in 2023 was 648 billion dollars... compare to other countries, who hv external debts in trillions. isnt it give us window to ask for more external debts from different banks, countries nd institute for our growth in future?? i think we r in less risky situation in economy, compare to other major economic countries. ur opinion guys.

 

[jaijaganath]

what's with advisors of gormint these days, earlier it was CEA now this?
======

India should be part of RCEP, CPTPP: Niti Aayog CEO BVR Subrahmanyam​

https://www.business-standard.com/economy/news/india-should-be-part-of-rcep-cptpp-niti-aayog-ceo-bvr-subrahmanyam-124110701066_1.html

This shows that these buffoons have learnt nothing
Just bcoz some sort of temporary peace has been established along the borders these idiots will join rcep which is destroying nations and killing domestic industry

These idiots deserve another backstab from china

 

[ezsasa]

total debts of different countries till 2023 dec:-
View attachment 14670
if we see india, most part of debt is internal debts. external debts in 2023 was 648 billion dollars... compare to other countries, who hv external debts in trillions. isnt it give us window to ask for more external debts from different banks, countries nd institute for our growth in future?? i think we r in less risky situation in economy, compare to other major economic countries. ur opinion guys.
View attachment 14671

go thru this.. entire number is not gormint debt.
and in U.S's case, their debt is with the fed, so within their country.

https://dea.gov.in/sites/default/files/India%E2%80%99s%20External%20Debt%20A%20Status%20Report%202023-24.pdf

 

[ArjunMK1A]

We are seeing very contradictory stance within the Government. We did not allow Chinese car companies investments due to Galwan. Now same people asking us to Join RCEP. At the same time guy like Sanjeev sanyal giving presentation on how RCEP is bane.

Confused babus are part of problem in the nation.

I believe we hit the max level of Industrialization within the existing laws. Labor code are in plate, Contract farming is in discussion. Time for infamous baniya private guys to invest in something called R&D.

 

[sameer]

if we see india, most part of debt is internal debts. external debts in 2023 was 648 billion dollars... compare to other countries, who hv external debts in trillions. isnt it give us window to ask for more external debts from different banks, countries nd institute for our growth in future?? i think we r in less risky situation in economy, compare to other major economic countries. ur opinion guys.

Because external debt is typically issued mostly either in dollar or euros. So now you'll not only pay the interest but also for currency depreciation as the rupee will pretty much always depreciate against dollar/euro.

But if the external debt is issued in Rupees( like Masala bonds etc), that should be okay because the foreign investor will have to bear the currency risk.

 

[crazywithmath]

We are seeing very contradictory stance within the Government. We did not allow Chinese car companies investments due to Galwan. Now same people asking us to Join RCEP. At the same time guy like Sanjeev sanyal giving presentation on how RCEP is bane.

Confused babus are part of problem in the nation.

I think we are giving too much importance to the opinions of some loose cannon from the Niti Ayog. You should check out the number of op-eds these dalals planted on ET and Mint - advocating in favor of joining the RCEP amid a fucking pandemic. @ezsasa