Indian Economy

[Miss Firing]

Since this has major economic impact -

https://swarajyamag.com/news-brief/too-little-too-distant-india-bats-for-global-south-at-cop29-rejects-300-billion-climate-finance-package

"Too Little, Too Distant": India Bats For Global South At COP29, Rejects $300 Billion Climate Finance Package​

India rejects $300 billion COP29 climate finance deal, calls it ‘optical illusion’

India received support from Nigeria which said that the climate finance package was a “joke”. Malawi and Bolivia also lent their support to India respectively, reported PTI.

indianexpress.com

 

[FalconSlayers]

For how long will they keep planning? They need to hurry up and launch this. Countries like Thailand are getting massive FDI into this industry thanks to Japan, china and taiwan. $5 billion worth of PCB factories just this year alone. Guess which country will end up importing this thanks to FTA

The investment lure of printed circuit boards

The rapid growth of the printed circuit board (PCB) industry in Thailand has convinced the Board of Investment (BoI) a "big wave" of foreign PCB manufacturers are investing here.

www.bangkokpost.com

They won't do shit. Will continue to blabber big things and get zero done. We don't even have state governments who would like to offer own incentive packages because ladli behna and khatakhat is priority.

They were talking of expanding semiconductor PLI, it's been a more than half a year and none of that happened. No display fab approved.

"May, might, will, could"

https://www.livemint.com/news/india/govt-panel-may-approve-4-000-cr-new-pli-scheme-for-specialty-steel-next-month-11730015702782.html#:~:text=A%20top%20government%20panel%20is,know%20of%20the%20development%20said.

Their PLI for textiles and MITRA is a dud.

 

[shade2]

India's inability to make passenger aircrafts or a general heavy aviation industry will bite back in its azz in the long run.

View: https://x.com/MarioNawfal/status/1860243126079656067?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1860243126079656067%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=




China today already makes it's own strategic airlifters with domestic engines, C919 passenger aircraft among various other aircrafts. Today their private industry is mature enough to finance, deign and build own aircrafts although not on a scale as that of USA but still at number 2/3 along with Russia. Meanwhile they best we've made is a 19 seater aircraft with imported engines and still focussing on that even though we already make Do228s in same category. Indian industry today makes airframes of foreign IPR and exports them to OEMs in the west (typical outsourcing over innovation mindset).

It sucks to know we can't imagine having an operational 90 seater by the time India achieves 100 years of independence, let alone an A321 equivalent. An indigenous C17 equivalent is out of equation for next half a century. At least.

Engine manufacturing is the major bottleneck here.

Waise if some chad whether private or sarkari tries to do it we could very well have our own Embraer but even that would have imported engines and other sub-systems.

We can inshallah in the future arm-twist Airbus or Boeing to setup an assembly site here but even that will be assembly and maybe only one type of part will be made in India like the wings or something.

Without Engines it's all pointless, chindis don't want to fund Kaveri development and it's derivatives

 

[shade2]

They won't do shit. Will continue to blabber big things and get zero done. We don't even have state governments who would like to offer own incentive packages because ladli behna and khatakhat is priority.

They were talking of expanding semiconductor PLI, it's been a more than half a year and none of that happened. No display fab approved.

"May, might, will, could"

https://www.livemint.com/news/india/govt-panel-may-approve-4-000-cr-new-pli-scheme-for-specialty-steel-next-month-11730015702782.html#:~:text=A%20top%20government%20panel%20is,know%20of%20the%20development%20said.

Their PLI for textiles and MITRA is a dud.

There is the other matter of chindi-giri being done while releasing the PLI funds also.

 

[Rxbanda]

India's inability to make passenger aircrafts or a general heavy aviation industry will bite back in its azz in the long run.

View: https://x.com/MarioNawfal/status/1860243126079656067?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1860243126079656067%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=




China today already makes it's own strategic airlifters with domestic engines, C919 passenger aircraft among various other aircrafts. Today their private industry is mature enough to finance, deign and build own aircrafts although not on a scale as that of USA but still at number 2/3 along with Russia. Meanwhile they best we've made is a 19 seater aircraft with imported engines and still focussing on that even though we already make Do228s in same category. Indian industry today makes airframes of foreign IPR and exports them to OEMs in the west (typical outsourcing over innovation mindset).

It sucks to know we can't imagine having an operational 90 seater by the time India achieves 100 years of independence, let alone an A321 equivalent. An indigenous C17 equivalent is out of equation for next half a century. At least.

Are we good at any specialized manufacturing?

Since my return to India, I have purchased several instruments for my lab. All of them are imported. I look for an Indian alternative, but hardly any. Even the those available (for the low-end ones) are of inferior quality.

 

[TopWatcher]

Are we good at any specialized manufacturing?

Since my return to India, I have purchased several instruments for my lab. All of them are imported. I look for an Indian alternative, but hardly any. Even the those available (for the low-end ones) are of inferior quality.

That's why startup should be supported. High end area where actually we lacking.

I think we will reach, current govt doing right thing.

 

[randombully]

Are we good at any specialized manufacturing?

Since my return to India, I have purchased several instruments for my lab. All of them are imported. I look for an Indian alternative, but hardly any. Even the those available (for the low-end ones) are of inferior quality.

Depends on the field.

 

[bakofbakchod]

Are we good at any specialized manufacturing?

Since my return to India, I have purchased several instruments for my lab. All of them are imported. I look for an Indian alternative, but hardly any. Even the those available (for the low-end ones) are of inferior quality.

we are not. infact there was a massive outcry over Modi government's move to curtail imports of medical devices a year back. Dozens of labs crying over being forced to purchase terrible quality local products (or those rebadged at 3x the cost). This is an industry that requires years of research, continous product iteration, and industrial-academia ecosystem (plus generous funding from local govts and banks). None of this happens in India. There might be 1 or 2 outliers, but as a whole, India has a long way to even crawl in specialized manufacturing (at least for machinery and equipments)

 

[crazywithmath]

Their PLI for textiles and MITRA is a dud.

Bruh! Textiles are on steroids - literally! Double digit growth in RMG (between April and October, 2024), MMF is decent too. MITRA is a long term project - a few of them are getting developed rn, the rest would follow suit.

@haldilal

Updates from the Amravati park?

 

[nongaddarliberal]

thnx...but in case of depreciation, there r many countries who depreciate their currency in insane amount of US dollars. like as:-
1 dollar = 15648.30 indonesian rupiah.
1 dollar = 1394.04 korean won.
1 dollar = 152.42 japanese yen.
1 dollar = 84.36 indian rupee.
compare to these countries dollar depreciation, we r nowhere....so why its effecting us, but not that much to these countries?????

Both Korea and Japan have trade surpluses, hence a dollar surplus. They choose exactly when and how much their currency depreciates to benefit their own export competitiveness.

India has a trade deficit so has to rely on remittances and FDI to balance out the gap in dollar reserves. These two avenues are not reliable in terms of volume, so we don't have much control over the value of our currency. Recently, remittances have shown significant growth and is the one thing protecting India from massive currency depreciation, hence GOI's short sighted strategy of trying to push as many Indians abroad as possible into as many countries as possible. We are the only major economy that insists on visas for our workers to other countries in trade negotiations.

Don't know much about Indonesia.