Indian Economy

[FalconSlayers]

Have they looked into moving up the Value Chain? Last time I saw, we are importing Surgical Grade Steel and likes of that with Dhandomaxxers scraping bottom barrel crumbs.

We are even importing CRGO meant for transformer production, just when we're expanding our power infra rapidly. Dhandhos are rent seeking crooks.

 

[Nutcracker]

Arvind S is writing articles after articles urging the RBI to 'let' the currency fall and find its 'natural value' and here you are saying 'currency is in free fall'.

Will have to look up the details but pretty sure INR is among the best performing Asian currencies (if not the best perming one already).

One Subramani wants currency to fall,
Other Subramani (K) wants currency to maintain strength.

Have they looked into moving up the Value Chain? Last time I saw, we are importing Surgical Grade Steel and likes of that with Dhandomaxxers scraping bottom barrel crumbs.

These leeches never strive for volume. There is no long term vision in these old Indian business houses.

 

[Blademaster]

Unpopular opinion- we should let Chinese set up their factories in India, preferably with an Indian partner. Since Trump will impose tariffs on Chinese exports, their manufacturers will also frantically search for other destinations. It is a very small window we have, and we should not let it go. It is very natural if Chinese are used to set up or better our manufacturing base, just like Koreans and Japanese were used in China.

No because the Chinese will send all their profits without paying any taxes and bring in their own employees from China. They will laugh all the way to the bank while we are stuck holding the bag.

 

[FalconSlayers]

Exports this year *might* touch $840 billion at current rate. Piyush should use his black magic to push this to a trillion dollars in next 2 years.

The cumulative overall exports during April-October 2024 is estimated at USD 468.27Billion, as compared to USD 436.48Billion in April-October 2023, with an estimated growth of 7.28%

India’s total exports (Merchandise and Services combined) for October 2024* is estimated at US

pib.gov.in

View: https://youtu.be/ILNLXWw9UrI

 

[bakofbakchod]

We are even importing CRGO meant for transformer production, just when we're expanding our power infra rapidly. Dhandhos are rent seeking crooks.

yup. all are good for nothing rent seeking scums. On the CRGO side, the situation will be bad until ~2027 when new capacity becomes active

>In FY 2024, India required 400,000 tonnes of CRGO steel. However, domestic production was limited to just 50,000 tonnes, and the country imported 239.2 thousand tonnes from international markets.

No Domestic CRGO Steel Till 2027; Industry Appeals For Allowing Imports

India is grappling with an acute shortage of cold rolled grain-oriented (CRGO) steel, a crucial material used in the production of distribution and power transformers that are essential components of the country's power grid infrastructure.

knnindia.co.in

 

[FalconSlayers]

What exactly are these ethane and naptha crackers?

View: https://x.com/lakshmishaks/status/1872348973958377745

 

[sauntheninja]

Thinking about this for a long time.

The amount of talent companies like Infosys , TCS and Accenture like companies swallow up results in our major workforce being forced to work on this client model which are just sweatshops. If we could distribute our labour better it would lead to better productivity gains.

Let me give you a few examples :- the games industry brings in about 400 Billion $ of revenue and while there exists huge companies employing a lot of people its also a industry which has a excellent employee to cost ratio where few employees can rake in billions of dollars in revenue.

Hogwarts legacy brought over a billion dollars in revenue for WB (Warner Bros) and the studio that developed it Avalanche Software have an estimated 200-300 employees.

Bethesda Software who were bought by Microsoft have an estimated employee count of 450 employees.

This year's hottest game Black Myth Wukong (Which came from China) was developed by a team of 140 people and well it did really well covering their development costs in 3 days

'Black Myth: Wukong' sets China AAA game sales record at $961m

The highly anticipated Chinese video game "Black Myth: Wukong" has shattered records just one month after its release. According to data analytics firm VideoGame Insights, the game has sold an impressive 20 million copies on Steam alone, generating over $961 million in revenue. This milestone...

news.cgtn.com

Talking about other sectors lets look at Animation which is another sector that brings in a lot of money.

As you can see most of the employee count remains small but Anime is still a huge industry which brings a lot of money to Japan and helps in soft power as well.

Pixar another stalwart in Animation only has about 1000 employees but they produce films that can gross a billion dollars in the box office.

We need a system or incentives as a country to ensure people can take these risks and start these type of companies instead of slaving away for Narayan Murthy who will just buy another luxury apartment in the country

 

[shuturmurg]

Thinking about this for a long time.

The amount of talent companies like Infosys , TCS and Accenture like companies swallow up results in our major workforce being forced to work on this client model which are just sweatshops. If we could distribute our labour better it would lead to better productivity gains.

Let me give you a few examples :- the games industry brings in about 400 Billion $ of revenue and while there exists huge companies employing a lot of people its also a industry which has a excellent employee to cost ratio where few employees can rake in billions of dollars in revenue.

Hogwarts legacy brought over a billion dollars in revenue for WB (Warner Bros) and the studio that developed it Avalanche Software have an estimated 200-300 employees.

Bethesda Software who were bought by Microsoft have an estimated employee count of 450 employees.

This year's hottest game Black Myth Wukong (Which came from China) was developed by a team of 140 people and well it did really well covering their development costs in 3 days

'Black Myth: Wukong' sets China AAA game sales record at $961m

The highly anticipated Chinese video game "Black Myth: Wukong" has shattered records just one month after its release. According to data analytics firm VideoGame Insights, the game has sold an impressive 20 million copies on Steam alone, generating over $961 million in revenue. This milestone...

news.cgtn.com

Talking about other sectors lets look at Animation which is another sector that brings in a lot of money.

As you can see most of the employee count remains small but Anime is still a huge industry which brings a lot of money to Japan and helps in soft power as well.
View attachment 19768
Pixar another stalwart in Animation only has about 1000 employees but they produce films that can gross a billion dollars in the box office.

We need a system or incentives as a country to ensure people can take these risks and start these type of companies instead of slaving away for Narayan Murthy who will just buy another luxury apartment in the country

Is talent at those companies good enough to build something like this ? The most talented ones anyways leave those companies within 5 years, and move to product based companies.

 

[Suryavanshi]

Is talent at those companies good enough to build something like this ? The most talented ones anyways leave those companies within 5 years, and move to product based companies.

Correct observation. Those who have the disposition leave in 1 to 2 years while some grind 3 to 5 years and switch.
Beside I don't think there is an environment for game development here.
If gormint is serious than they should ask colleges to develop indie games as a project in final years.

 

[Suryavanshi]

It's disappointing really about half a million cs graduates in India and out of those 90% can reverse a string while the other 9% has grinded DSA leetcode and can reverse a string remaining 1% is the only one significant.

CS isn't even something hard and resource intensive you don't need costly sensors and cnc machining just a bit of time a good computer and some coordination.

If the colleges are serious they would start with the basics like writing BIOS.

 

[ezsasa]

Thinking about this for a long time.

The amount of talent companies like Infosys , TCS and Accenture like companies swallow up results in our major workforce being forced to work on this client model which are just sweatshops. If we could distribute our labour better it would lead to better productivity gains.

Let me give you a few examples :- the games industry brings in about 400 Billion $ of revenue and while there exists huge companies employing a lot of people its also a industry which has a excellent employee to cost ratio where few employees can rake in billions of dollars in revenue.

Hogwarts legacy brought over a billion dollars in revenue for WB (Warner Bros) and the studio that developed it Avalanche Software have an estimated 200-300 employees.

Bethesda Software who were bought by Microsoft have an estimated employee count of 450 employees.

This year's hottest game Black Myth Wukong (Which came from China) was developed by a team of 140 people and well it did really well covering their development costs in 3 days

'Black Myth: Wukong' sets China AAA game sales record at $961m

The highly anticipated Chinese video game "Black Myth: Wukong" has shattered records just one month after its release. According to data analytics firm VideoGame Insights, the game has sold an impressive 20 million copies on Steam alone, generating over $961 million in revenue. This milestone...

news.cgtn.com

Talking about other sectors lets look at Animation which is another sector that brings in a lot of money.

As you can see most of the employee count remains small but Anime is still a huge industry which brings a lot of money to Japan and helps in soft power as well.
View attachment 19768
Pixar another stalwart in Animation only has about 1000 employees but they produce films that can gross a billion dollars in the box office.

We need a system or incentives as a country to ensure people can take these risks and start these type of companies instead of slaving away for Narayan Murthy who will just buy another luxury apartment in the country

firstly, welcome back..

now that we have been discussing this angle for a few years, maybe it's time to move the discussion forward.

we have discussed enough on supply side, perhaps we need to look at demand side.

whatever said and done, body shop IT industry is a stabilised industry with it's own dynamics.

what are the other product areas where there is future demand domestically?
demand here means, areas where public is willing to spend.

in other words, don't worry too much about people already employed or about to be employed. focus on new avenues of growth. as people's incomes rise, their demand for new "good" things will rise.

in 2014, who would have thought that domestic fintech would be 7 lakh crore market value today.

 

[sauntheninja]

Correct observation. Those who have the disposition leave in 1 to 2 years while some grind 3 to 5 years and switch.
Beside I don't think there is an environment for game development here.
If gormint is serious than they should ask colleges to develop indie games as a project in final years.

See I'm not talking about game development here strictly. The point is the labor that is employed in these companies need to be incentivized to start their own enterprises and build products. Even people in startups and these game development companies are coding monkeys and every company need people doing the hard and laborious work

 

[ArjunMK1A]

While we are ready to shit on Gormint for lack of effort to establish India as Manufacturing/Software powerhouse.

But honestly let us see the reality.

Piyush goyal, PMO sect will call our so called industrial lobby like CII, NASSCOM to talk about getting India on top of few sectors.

CII consist of various big shots like Birla, Reliance, Jindals, Tata, Bajaj, Adani etc.

Goyal ask our Biggie to invest in R and D. We all know the statement from Jindal, Reliance and etc.

Now Goyal ask Nasscom for investment in AI, Quantum computing etc. Nandan Nilekani will tell we should not invest in LLM, Murthy will tell we need to work 70hrs for clients.

No wonder Gormint relies on CDAC, DRDO, CSIR even with piss poor efficient work.