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)

 

[FalconSlayers]

Then we have clowns like this bragging about MoUs worth $200 billion of which none will be deployed and calling it as "attracting investment".

View: https://youtu.be/U73bnr_9AJo?si=VkzpEVCSFaeTXIND

 

[darkflame]

https://www.business-standard.com/i...es-10-billion-chip-gamble-125012301192_1.html

L&T Semiconductor plans $10 bn investment in silicon fabrication plant​

 

[darkflame]

https://www.communicationstoday.co.in/indias-first-indigenous-semiconductor-chip-to-launch-in-2025/
India's first semiconductor chip to launch in 2025

India’s first Silicon Carbide semiconductor manufacturing facility gets Odisha Cabinet’s nod - The Statesman

The Odisha Cabinet chaired by Chief Minister Mohan Majhi on Wednesday approved a customized incentive package for RIR Power Electronics Limited (RIR) to establish India’s first Silicon Carbide (SiC) semiconductor manufacturing facility in Bhubaneswar with a total investment of Rs 618.60 crore.

www.google.com

India’s first Silicon Carbide semiconductor manufacturing facility gets Odisha Cabinet’s nod​

 

[concard]

Just 2 years ago India had non-existent semiconductor ecosystem. Apart from obsolete SCL there was zero manufacturing of any kind. We didn't even have OSAT/ATP plants in the country. All it took was just a push from the government in the form of incentives and industry is taking off like crazy. By 2030 we are most likely to have the entire ecosystem and supply chain within the country.

If something as complex as semiconductor industry can be created with incentives and push from government, can't we do the same with textile industry which is anything but hi-tech industry? There are plethora of other industries which I believe if shown little love from the government they too will gradually pick up over time. GoI is already investing 13 Lakh crore in infrastructure every year. I think we are better off if GoI sets aside 2 Lakh crore in that amount for incentives to industry where we have no foothold.

 

[shade2]

Just 2 years ago India had non-existent semiconductor ecosystem. Apart from obsolete SCL there was zero manufacturing of any kind. We didn't even have OSAT/ATP plants in the country. All it took was just a push from the government in the form of incentives and industry is taking off like crazy. By 2030 we are most likely to have the entire ecosystem and supply chain within the country.

If something as complex as semiconductor industry can be created with incentives and push from government, can't we do the same with textile industry which is anything but hi-tech industry? There are plethora of other industries which I believe if shown little love from the government they too will gradually pick up over time. GoI is already investing 13 Lakh crore in infrastructure every year. I think we are better off if GoI sets aside 2 Lakh crore in that amount for incentives to industry where we have no foothold.

Choddi-Baniyaner industry is not a "throw money at it and fix" problem,

It is "I need to hire lots of guys and girls to stitch my C&B orders and then quickly fire them when not required" problem.

We do not have a paucity of young guys and grils who will work long hours for a pittance, but then ((( Laws ))) and Lol Salaam union cumrades get in between.

There is also the other niggle of getting the biggest consooming gora countries to buy our choddi, boniyan, t-shirt, jeans etc without much tariffs.

Trust me, if an industry's problem was NOT ENUF MONEY SAAR!!! the GoI would create some new incentive to fix it, but this is not a money problem but a labor problem, and that Gobi is too scared to reform for all the DILLI CHALO and other Union-backed chimpouts that may ensue.

 

[TopWatcher]

Just 2 years ago India had non-existent semiconductor ecosystem. Apart from obsolete SCL there was zero manufacturing of any kind. We didn't even have OSAT/ATP plants in the country. All it took was just a push from the government in the form of incentives and industry is taking off like crazy. By 2030 we are most likely to have the entire ecosystem and supply chain within the country.

If something as complex as semiconductor industry can be created with incentives and push from government, can't we do the same with textile industry which is anything but hi-tech industry? There are plethora of other industries which I believe if shown little love from the government they too will gradually pick up over time. GoI is already investing 13 Lakh crore in infrastructure every year. I think we are better off if GoI sets aside 2 Lakh crore in that amount for incentives to industry where we have no foothold.

My point is other way around, why indian companies didnt go for high tech industry side themself, why always govt need to push. Big companies in India are on heavy cash already, but they didnt spend on RnD even one penny. In US every company try to invent some new things or go into higher technology side.

This incentive nature not good

 

[Spacemarine]

Then we have clowns like this bragging about MoUs worth $200 billion of which none will be deployed and calling it as "attracting investment".

View: https://youtu.be/U73bnr_9AJo?si=VkzpEVCSFaeTXIND

Thats the way marketing works … 80% of whole financial game on planet is marketing rest is substance… understand this modern world is of virtual financial assets with no real backing of hard assets like Gold

 

[darkflame]

Choddi-Baniyaner industry is not a "throw money at it and fix" problem,

It is "I need to hire lots of guys and girls to stitch my C&B orders and then quickly fire them when not required" problem.

We do not have a paucity of young guys and grils who will work long hours for a pittance, but then ((( Laws ))) and Lol Salaam union cumrades get in between.

There is also the other niggle of getting the biggest consooming gora countries to buy our choddi, boniyan, t-shirt, jeans etc without much tariffs.

Trust me, if an industry's problem was NOT ENUF MONEY SAAR!!! the GoI would create some new incentive to fix it, but this is not a money problem but a labor problem, and that Gobi is too scared to reform for all the DILLI CHALO and other Union-backed chimpouts that may ensue

My point is other way around, why indian companies didnt go for high tech industry side themself, why always govt need to push. Big companies in India are on heavy cash already, but they didnt spend on RnD even one penny. In US every company try to invent some new things or go into higher technology side.

This incentive nature not good

Indian companies don't really have big pockets there are only 2 indian companies in fortune 100 largest firms and one of them is LIC.in the whole list of fortune 500 there are only 9 indian firms out of which five are PSUs. China has over 130 firms in this list even more than usa's 120+, before collapse of Japanese inc in 1989 they had nearly 30 firms out of top 50 in this list . Even countries like soko,uk,france are well ahead of us.