Indian Economy

Innovation comes from the West, not India. If the Indian education was as good as you say, India wouldn't be the morass it is.

India's innovations are geared towards making things low cost and widely available to public, it's a different mind set. it is different from a capitalist mindset of increasing value of a commercial product.

for past 75 years, educated minds were applied in a particular direction which you will not appreciate.

in random order :
- common service centres
- self help groups
- concept of asha and anganwadi worker
- eklavya schools
- concept of sachet for shaving blades and shampoo
- banks without brick and mortar
- equal rights for men and women from get go.
- land ceiling
- electronic voting machine the way it is designed in India.
- agri research
etc..

these are innovations too, just not the way you want to see them as.
 
WB politics has always been dominated by UCs and OBCs. The state is UC majority too. And yet...
Tamil Nadu is running on OBC politics forever. Kerala's current CM is OBC, although commies don't do caste kanging stuff much. Gujarat showed maximum growth under OBC cm (Mudi).
Emphasis should be on "all the political space." In India, Bihar is the only state that truly fits this description. Of course, there are other ways to ruin states, communism being one of them.

While Tamil Nadu may not be the perfect example, it does possess the necessary ingredients for a potential downward spiral.
 
Emphasis should be on "all the political space." In India, Bihar is the only state that truly fits this description. Of course, there are other ways to ruin states, communism being one of them.

While Tamil Nadu may not be the perfect example, it does possess the necessary ingredients for a potential downward spiral.

Does it? Their socio-economic indicators are very decent. The state is decently industrialized too. Successive fiscally responsible governments.

Zero ingredients for a 'potentially downward spiral' as of now.

WB was ruined even before commies (they only accelerated the decline).
 
Does it? Their socio-economic indicators are very decent. The state is decently industrialized too. Successive fiscally responsible governments.

Zero ingredients for a 'potentially downward spiral' as of now.

WB was ruined even before commies (they only accelerated the decline).
The ingredients are regressive caste based politics and rabid anti-Brahmin sentiment (Dravidianism). A healthy economic outlook is preventing these ingredients from coming together and causing an all-round mess.

In an unfortunate scenario of long term economic downturn, these regressive forces can and will pull the region in a much deeper turmoil.
 
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The ingredients are regressive caste based politics and rabid anti-Brahmin sentiment (Dravidianism). A healthy economic outlook is preventing these ingredients from coming together and causing an all-round mess.

In an unfortunate scenario of long term economic downturn, these regressive forces can and will pull the region in a much deeper turmoil.

Always look at the state of political economy to assess the future of a state. Rhetorics do not matter; political economy does.

The ruling dravidian party leaders are heavily heavily invested across Chennai metro and a majority of the SEZs, industrial and real estates. The other party is involved too. Tomorrow, if another party (let us say the BJP), assumes power they will just adjust into the existing political economy. Why would they let the cash source dry up?

Speaking of WB, the bifurcation of Bengal was already challenging enough for the state because the industries were heavily dependent on the raw materials sourced from the East. Recent breakthroughs in aeronautics drastically reduced the importance of Kolkata as a transit hub. And the state just could not keep up with the kind of port infra building some other states underwent because Nehru and his buddies were willfully oblivious to the plight of the youth of the state (read up his views on Bangla refugees). All these happened when the commies were nowhere near power. The kind of political economy TN or Maha boast of today did not exist when the commies rose to prominence - they saw little incentives in playing buddies with the 'dirty bourgeoisie' and started copying the batshit crazy econ policies prescribed by chong ideologues. They even modeled their party machinery after the ccp, where interests of the administration and the party used to converge, but that is a tale for another day.

Bihar was never really industrialized, relied on WB (whose port infra was in decline already) for port access and ultimately, bore the brunts of the freight equalization policies. A resurgence of Kolkata would have produced some spillover effects into the eastern hinterlands but that did not happen either. When successive parties failed to uplift citizens in a meaningful fashion they started looking out for whatever little resources they could redistribute to create loyal votebanks and that is precisely how caste kanging became a part of maunstream politics.

Heck, it is true nationally too. We would probably never witness the '90s era mandal ka kamandal if the economy was liberalized, let us say, in the '70s (when the erstwhile Asian tigers were still in their infancy).

Look at what's happening now. One major party and their allies are screaming "Jitni Abadi Utni Haq" from the rooftop and promising near Pol Pot level redistribution policies and yet, getting defeated in elections after elections.

Caste/language/community kangers are a symptom. Not the reason.
 
India's innovations are geared towards making things low cost and widely available to public, it's a different mind set. it is different from a capitalist mindset of increasing value of a commercial product.

for past 75 years, educated minds were applied in a particular direction which you will not appreciate.

in random order :
- common service centres
- self help groups
- concept of asha and anganwadi worker
- eklavya schools
- concept of sachet for shaving blades and shampoo
- banks without brick and mortar
- equal rights for men and women from get go.
- land ceiling
- electronic voting machine the way it is designed in India.
- agri research
etc..

these are innovations too, just not the way you want to see them as.

a few other fundamentals that work differently in India:

9.5 crore public own equity of 36 lakh crore in direct retail market equity(10% of stock market)
5 crore public are invested in in mutual funds of 68 lakh crore AUM, of which 17 lakh crore got added in 2024
10 crore public invest in SIPs which are taking in 25000 crores pm.

but credit card debt is just around 2.8 lakh crore.

https://www.moneycontrol.com/news/b...-sip-retail-investor-eco-survey-12774865.html

https://www.livemint.com/market/sto...ges-rs-17-lakh-cr-in-2024-11735025951729.html

https://www.business-standard.com/m...llion-additions-in-a-year-124102501213_1.html


@crazywithmath
are there any market theories on whether these retail investments are taking money away from retail sales?

in other words, will this not effect consumption numbers of GDP?
 
Always look at the state of political economy to assess the future of a state. Rhetorics do not matter; political economy does.

The ruling dravidian party leaders are heavily heavily invested across Chennai metro and a majority of the SEZs, industrial and real estates. The other party is involved too. Tomorrow, if another party (let us say the BJP), assumes power they will just adjust into the existing political economy. Why would they let the cash source dry up?

Speaking of WB, the bifurcation of Bengal was already challenging enough for the state because the industries were heavily dependent on the raw materials sourced from the East. Recent breakthroughs in aeronautics drastically reduced the importance of Kolkata as a transit hub. And the state just could not keep up with the kind of port infra building some other states underwent because Nehru and his buddies were willfully oblivious to the plight of the youth of the state (read up his views on Bangla refugees). All these happened when the commies were nowhere near power. The kind of political economy TN or Maha boast of today did not exist when the commies rose to prominence - they saw little incentives in playing buddies with the 'dirty bourgeoisie' and started copying the batshit crazy econ policies prescribed by chong ideologues. They even modeled their party machinery after the ccp, where interests of the administration and the party used to converge, but that is a tale for another day.

Bihar was never really industrialized, relied on WB (whose port infra was in decline already) for port access and ultimately, bore the brunts of the freight equalization policies. A resurgence of Kolkata would have produced some spillover effects into the eastern hinterlands but that did not happen either. When successive parties failed to uplift citizens in a meaningful fashion they started looking out for whatever little resources they could redistribute to create loyal votebanks and that is precisely how caste kanging became a part of maunstream politics.

Heck, it is true nationally too. We would probably never witness the '90s era mandal ka kamandal if the economy was liberalized, let us say, in the '70s (when the erstwhile Asian tigers were still in their infancy).

Look at what's happening now. One major party and their allies are screaming "Jitni Abadi Utni Haq" from the rooftop and promising near Pol Pot level redistribution policies and yet, getting defeated in elections after elections.

Caste/language/community kangers are a symptom. Not the reason.
I think you and I are almost on the same page. Societal regression is almost certain during continued economic starvation. However, few regions might find it lot more difficult to recover from this loop of regression than others, mostly because the societal dynamics of these regions were different from others going into the depression.

Bihar was one such region and I feel Tamil Nadu can be another. Globally, you can think of India and multiple African nations as being in the same boat. East Asian nation's on the other hand found it much easier to bounce back to their feet as they did not face challenges similar to us.
 
Lots of action behind the curtain to defend INR against Dollar's flight to safety.

"The rupee is trading near an all-time low after falling around 2% against the dollar this year, but it is still one of the best-performing currencies in Asia and has been more stable than its peers, according to Bloomberg-compiled data."


Last week forex declined by 8.4 B$

 
Why Punjab is Falling Behind Other Indian States

For over 25 years, one slogan has echoed across Punjab: “Delhi Chalo,” meaning “Let’s march to Delhi.” While often used as a rallying cry for agitation, it reflects a deeper issue. Despite Punjab’s demands, such as the creation of a Sikh-majority state, being largely met over the past six decades, some politicians continue to stoke tensions. The foreign-orchestrated Khalistani movement has caused more harm than any constructive political initiative, leaving the state mired in unrest.

Until the mid-1980s and early 1990s, Punjab was one of India’s most prosperous states, thanks to its fertile land, Bhakhra Dam, industrious workforce, and efficient grain distribution. However, its socio-economic structure is deeply stratified. Jat Sikhs, who control 80% of agricultural land, dominate farming. They also dominate the state politics and religious institutions. While other Sikhs like, Khatri Sikhs lead in commerce, and Majhbi Sikhs handle infrastructure. Meanwhile, the 38% Hindu population (other 60% are Sikh), largely passive in politics, plays a significant role in civil services and trade.

Today, Punjab struggles to reclaim its lost glory, burdened by internal divisions, mismanagement, and external interference. The long-standing leadership of Prakash Singh Badal provided stability but eventually gave way to political infighting under his successors. Rival parties, locked in power struggles, have failed to deliver on promises, leaving Punjab politically adrift.

During this turmoil, Punjab missed a vital opportunity. While Prime Minister Modi’s economic reforms spurred growth across India, Punjab lacked the visionary leadership to leverage these initiatives. States like Uttar Pradesh, Madhya Pradesh, Haryana, Tamil Nadu, Andhra Pradesh, and Telangana capitalized on industrialization, surpassing Punjab in prosperity. Once a leader among them, Punjab now lags behind.

Despite its advantages—an educated and hardworking labor force—Punjab has failed to attract private investment. Entrepreneurs are deterred by the state’s constant political unrest, frequent agitations, and protests for higher agricultural prices. These disruptions stall progress, sidelining Punjab in India’s economic growth story.

Punjab has immense potential for an agro-industrial revival. Instead of funneling surplus wheat and rice solely into central reserves, the state could process these into consumer products. Cotton could fuel a profitable textile industry, while underutilized land could grow fruits for distribution or value-added processing. Shifting from water-intensive rice cultivation to pulses could yield higher profits and conserve water resources. However, these initiatives remain stalled as energy is wasted on endless protests.

The state must abandon its agitation-driven mindset and focus on establishing agro-industries to boost farmers’ incomes and drive economic renewal. Only then can Punjab regain its place as a leader in India’s growth story.
1735493535663.webp
 
On other note why aren't our companies going after german companies as their industry is at its lowest point
Even their tier 2 and tier 3 suppliers possess considerable technology and learning

They aren't ching companies who are told by CCP to bring back technology and gain leverage for the motherland
They are Indian dhandho companies who's only goal is to make profit and store that profit in gora countries sometimes via buying failing gora businesses like Jaguar-LandRover.

In China the CCP leveraged airplane buys by their sarkari owned carriers to force Airbus atleast to start a final assembly facility there.
Our guy meanwhile is absolutely helpless in this regard even though your Indigo and Tata are vacuuming planes right now, there is no legal or other mechanism to arm twist them to do the same.

Dhandhos also cannot be arsed, neither can they even if they wanted to since a dhandho would be negotiating with his own order as leverage, CCP would negotiate with all orders from the carriers as leverage.
 
They aren't ching companies who are told by CCP to bring back technology and gain leverage for the motherland
They are Indian dhandho companies who's only goal is to make profit and store that profit in gora countries sometimes via buying failing gora businesses like Jaguar-LandRover.

In China the CCP leveraged airplane buys by their sarkari owned carriers to force Airbus atleast to start a final assembly facility there.
Our guy meanwhile is absolutely helpless in this regard even though your Indigo and Tata are vacuuming planes right now, there is no legal or other mechanism to arm twist them to do the same.

Dhandhos also cannot be arsed, neither can they even if they wanted to since a dhandho would be negotiating with his own order as leverage, CCP would negotiate with all orders from the carriers as leverage.
But dhandhos do it too. Titagarh gained aluminuum coach/SHSR tech through a series of acqusitions. Someone was talking about some chemical manufacturer that is now on an expansion spree after acquiring some German co. Ashok Leyland e-buses wouldn't have been possible without them acquiring a british startup named Switch and so on...

Might not be on a scale of afeemchis but dhandhos acquring companies and transferring the know-why and know-how is not really rare these days.
 
"most improved" means nothing in the world. As usual, you live in the west but say India is the greatest. Go back to India.
Your dislike for India is apparent. You don’t like India because India has bypassed Briton and will likely bypass Japan and Germany by 2026. That should be enough to calm you down.
 
Your dislike for India is apparent. You don’t like India because India has bypassed Briton and will likely bypass Japan and Germany by 2026. That should be enough to calm you down.

the guy has internalised "western gaze" so deep, that either he does not realise it or he thinks others are too stupid to notice it.
 
Bimaru states and West Bengal should be put under dictator's rule till they catch up with south and west :


View attachment 20013
As someone from one of the BIMARU states, yes please.
Democracy when most of the people are stupid, is just a curse. President's rule or centralised rule for 10-15 years would mostly be a boon in this case.
 

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