Indian Economy

[FalconSlayers]

View: https://x.com/Trinhnomics/status/1882600268472451388

 

[Blademaster]

Babus are killing the economy. Either Modi does something about it or needs to get out of the way and make room for someone who will tame the babus and get the economy back on track.

 

[karn]

I met a builder who is working on Foxconns factory near Blore. The bribes being paid for permits are absolutely eyewatering.
From the feedback it looks like Tamil Nadu beats out Karnataka in factory openings since the bribe amount is fixed and predictable and there is no harassment after the bribe is paid.
Modiji should now commission an ease of corruption index for states and throw out the ease of doing business. As this would be far better indicator.

 

[concard]

US stock markets are in unprecedented bubble. 50 trillion valuation!!
Even within that valuation giant tech companies now account for almost 40% of nasdaq100 and 20% of s&p.

This might end up like dotcom bubble.

Yeah, we know US stock market is a bubble. But there is reason for that bubble. All that money they have printed where do you think it will find it's way into if not stock market? I thought Apple reaching $1 Trillion market cap was an exception and thought it won't ever reach $2 Trillion. But Apple not only reached $2 Trillion, it even reached $3 Trillion and presently at $3.36 Trillion market cap. When all this shit crashes it won't be like 2008 crisis, it will be even worse than that. I won't be surprised if next crisis brings a total collapse of market economies. We may not realize it, we are living in dangerous times.

 

[shade2]

I met a builder who is working on Foxconns factory near Blore. The bribes being paid for permits are absolutely eyewatering.
From the feedback it looks like Tamil Nadu beats out Karnataka in factory openings since the bribe amount is fixed and predictable and there is no harassment after the bribe is paid.
Modiji should now commission an ease of corruption index for states and throw out the ease of doing business. As this would be far better indicator.

It's also part of the reason why China and Vietnam win over India for factory setup overall

 

[FalconSlayers]

All good Indian companies getting sold out because Modi promotes this in the name of "FDI" and "investments" because he can't get large scale manufacturing or even services FDI. So private equity is promoted being sem2sem as greenfield FDI.

With $300m SaaS co buyout, Everstone Capital spreads wings

Everstone Capital has acquired a majority stake in SaaS provider Wingify for around $300 million from its founders. Wingify, which primarily serves customers in the US and Europe, adds to Everstone's expanding technology portfolio. Everstone has previously invested $1.3 billion in tech firms...

economictimes.indiatimes.com

This is a fund based out of Singapore, although owned by Indians.

 

[karn]

It's also part of the reason why China and Vietnam win over India for factory setup overall

The thing is chinese babus never take a cut in the initial stages they extract monies from rising land prices AFTER operations start this step also happens here but who the fuck slows down extra cash coming into your area.. Our baboons and dehaat dhotis can't even do corruption efficiently.

 

[sauntheninja]

Babus are killing the economy. Either Modi does something about it or needs to get out of the way and make room for someone who will tame the babus and get the economy back on track.

Babus make the rules. Why would they self sabotage and create rules that crackdown on this. Most of the Babus are living lavishly (Own multiple luxury cars, sons and daughters studying abroad, guaranteed pensions)