Indian Economy

[Blademaster]

The absolute state of these media dalals. Lifiting elmo's balls (look at the headline);

It's not that only India needs Tesla, Musk may find some power too here

Musk is finally bringing Tesla to India after years of delays, hiring for key roles amid declining global investor confidence. Tesla faces falling profits, shrinking sales, and tough competition from Chinese rivals like BYD. With India lowering import duties and offering policy incentives, Musk...

economictimes.indiatimes.com

Even as the orange man remains hell-bent on reversing our PLI gains;

Apple’s ‘Make in India’ gains under threat from potential Trump reciprocal tariffs

Apple could face significant hurdles if the Trump administration imposes reciprocal tariffs on electronics and smartphone imports from India, potentially disrupting its manufacturing investments in the country. An increase in tariffs could also affect other smartphone manufacturers and auto...

economictimes.indiatimes.com

All the doom and gloom predictions I made (in case the orange rap*st got elected) are coming true.

Nothing Trump can do about it. He can’t have it both ways if he wants to win against China and have an ally with him.

 

[karn]

I wonder ... If USA tariffs everybody .
With no illegal immigrants where are they going to get anybody in the US willing to work for 300 USD a month ?
They have shortages for every labour category that cannot be offshored like warehouse workers and construction workers. The last time the trade war happened the USA gained like 2000 jobs . Those who were manufacturing in the US just increased their price to match that of their imported competitors.
In the end the US used its increased tariff earnings to subsidy their farmers that were badly effected by chinese reciprocal tariffs.

 

[ArjunMK1A]

I wonder ... If USA tariffs everybody .
With no illegal immigrants where are they going to get anybody in the US willing to work for 300 USD a month ?
They have shortages for every labour category that cannot be offshored like warehouse workers and construction workers. The last time the trade war happened the USA gained like 2000 jobs . Those who were manufacturing in the US just increased their price to match that of their imported competitors.
In the end the US used its increased tariff earnings to subsidy their farmers that were badly effected by chinese reciprocal tariffs.

Same feeling, they were talking about Tariffs, Tariffs etc. But who will suddenly manufacture all the products within USA. PILLS Act is next, tariffs on generics. Looks like real Tughlaq move by Trump to do something for Make America Great Again. What he will going to do about internal inflation since the prices will increase. Even if our Cipla move production there, it will be costly. Looks like all US companies need good old protectionism to survive.

The best plan is to mutual screwups by every country and let them cook. Tariffs or not Tesla will be cooked by Chinese companies.

 

[Ajatshatru]

Bihar Metro Expansion: Survey Completed For Gaya, Darbhanga, Muzaffarpur And Bhagalpur​

Bihar Metro Expansion: Survey Completed For Gaya, Darbhanga, Muzaffarpur And Bhagalpur; Key Details

Bihar Metro Expansion: Bihar is expanding its metro network to Gaya, Darbhanga, Muzaffarpur, and Bhagalpur, with survey work now complete. Gaya will have the longest route (36 km, 28 stations), while Darbhanga will have the shortest (18.8 km, 18 stations).

english.jagran.com

Gaya will have the longest route (36 km, 28 stations), while Darbhanga will have the shortest (18.8 km, 18 stations).
1. Gaya: Longest Metro Route with 28 Stations, Total Length: 36 km
2. Darbhanga: 18 Metro Stations, Connecting Airport & DMCH, Total Length: 18.8 km
3. Muzaffarpur: 20 Stations, Connecting Shree Krishna Medical College and Hospital (SKMCH) & Railway Junction, Total Length: 21.25 km
4. Bhagalpur: Metro to Extend to Champanagar with 24 Stations, Total Length: 24 km

 

[silentassassin265]

Same feeling, they were talking about Tariffs, Tariffs etc. But who will suddenly manufacture all the products within USA. PILLS Act is next, tariffs on generics. Looks like real Tughlaq move by Trump to do something for Make America Great Again. What he will going to do about internal inflation since the prices will increase. Even if our Cipla move production there, it will be costly. Looks like all US companies need good old protectionism to survive.

The best plan is to mutual screwups by every country and let them cook. Tariffs or not Tesla will be cooked by Chinese companies.

 

[Migflug]

India’s imports from China set to surpass $101 billion mark by Feb 2025

The trade balance continues to tilt in favour of Beijing as imports grow while India’s exports contract, leading to a widening trade deficit.

www.nationalheraldindia.com

 

[Blademaster]

India’s imports from China set to surpass $101 billion mark by Feb 2025

The trade balance continues to tilt in favour of Beijing as imports grow while India’s exports contract, leading to a widening trade deficit.

www.nationalheraldindia.com

We need to increase tariffs against Chinese goods.

 

[crazywithmath]

I wonder ... If USA tariffs everybody .
With no illegal immigrants where are they going to get anybody in the US willing to work for 300 USD a month ?
They have shortages for every labour category that cannot be offshored like warehouse workers and construction workers. The last time the trade war happened the USA gained like 2000 jobs . Those who were manufacturing in the US just increased their price to match that of their imported competitors.
In the end the US used its increased tariff earnings to subsidy their farmers that were badly effected by chinese reciprocal tariffs.

Same feeling, they were talking about Tariffs, Tariffs etc. But who will suddenly manufacture all the products within USA. PILLS Act is next, tariffs on generics. Looks like real Tughlaq move by Trump to do something for Make America Great Again. What he will going to do about internal inflation since the prices will increase. Even if our Cipla move production there, it will be costly. Looks like all US companies need good old protectionism to survive.

The best plan is to mutual screwups by every country and let them cook. Tariffs or not Tesla will be cooked by Chinese companies.

All of this is easily explainable by the simple fact that the normie career Republicans kept Trump 1.0 in check. But the MAGA takeover of the GOP is complete now - the majority of the normie conservatives have been sidelined (Mike Pence, Pompeo) and the few that remain have bent over since (Rubio, Ratcliffe). Ergo, there is nobody to prevent the madman anymore.

These trade wars do not work - not like this, anyway! But nobody would dare to point it out in front of the orange man. Not even Scott Bessentt (the treasury secretary) - who apparently still isn't in favor of such stiff tariff hikes.

Heck, the orange man has threatened to slap tariffs against nations that have 'high' VAT/GST in place (because he thinks these taxes destroy the competitive advantages of murican exports by punishing consumption) - for all the crocodile tears these MAGAtards shred over their 'deep state' fingering sovereign nations they sure do not seem to mind if it is their guys who are doing it.

 

[Indianhawk]

All of this is easily explainable by the simple fact that the normie career Republicans kept Trump 1.0 in check. But the MAGA takeover of the GOP is complete now - the majority of the normie conservatives have been sidelined (Mike Pence, Pompeo) and the few that remain have bent over since (Rubio, Ratcliffe). Ergo, there is nobody to prevent the madman anymore.

These trade wars do not work - not like this, anyway! But nobody would dare to point it out in front of the orange man. Not even Scott Bessentt (the treasury secretary) - who apparently still isn't in favor of such stiff tariff hikes.

Heck, the orange man has threatened to slap tariffs against nations that have 'high' VAT/GST in place (because he thinks these taxes destroy the competitive advantages of murican exports by punishing consumption) - for all the crocodile tears these MAGAtards shred over their 'deep state' fingering sovereign nations they sure do not seem to mind if it is their guys who are doing it.

Trump or no trump our tariffs are ridiculously high. Even our gst is on the higher side for common goods. ( 28% on ACs , almost 50% for SUVs , 18 % on most industrial and consumer goods. )

It's quite amusing that people are panicking about reciprocal tarrifs! They do not see the irony of it. Trump is only promising to match our own tariffs.

If trump can force our socialist babus to loosen tariff and taxes somewhat he will be doing us a great favour in the long run.

Anyways trump faces stark choices. If he wants to face china he needs to find a friend in India as Europe is too russophobi to even properly comprehend Chinese challange.

 

[Blademaster]

Trump or no trump our tariffs are ridiculously high. Even our gst is on the higher side for common goods. ( 28% on ACs , almost 50% for SUVs , 18 % on most industrial and consumer goods. )

It's quite amusing that people are panicking about reciprocal tarrifs! They do not see the irony of it. Trump is only promising to match our own tariffs.

If trump can force our socialist babus to loosen tariff and taxes somewhat he will be doing us a great favour in the long run.

Anyways trump faces stark choices. If he wants to face china he needs to find a friend in India as Europe is too russophobi to even properly comprehend Chinese challange.

We need to keep the tariffs high against Chinese goods.

 

[Indianhawk]

We need to increase tariffs against Chinese goods.

To start manufacturing first you need to become assembly hub with components flowing in from China / east asia.

Then start the gradual process of parts building form locally over time .

As your scale grows suppliars set up shop locally and source locally.

And In time you have entire ecosystem.

We are Step one for most things.
So Chinese imports will continue.

In some cases we have mover much further like smartphones and led TVs.

 

[Yuyutsu]

Bihar Metro Expansion: Survey Completed For Gaya, Darbhanga, Muzaffarpur And Bhagalpur​

Bihar Metro Expansion: Survey Completed For Gaya, Darbhanga, Muzaffarpur And Bhagalpur; Key Details

Bihar Metro Expansion: Bihar is expanding its metro network to Gaya, Darbhanga, Muzaffarpur, and Bhagalpur, with survey work now complete. Gaya will have the longest route (36 km, 28 stations), while Darbhanga will have the shortest (18.8 km, 18 stations).

english.jagran.com

Gaya will have the longest route (36 km, 28 stations), while Darbhanga will have the shortest (18.8 km, 18 stations).
1. Gaya: Longest Metro Route with 28 Stations, Total Length: 36 km
2. Darbhanga: 18 Metro Stations, Connecting Airport & DMCH, Total Length: 18.8 km
3. Muzaffarpur: 20 Stations, Connecting Shree Krishna Medical College and Hospital (SKMCH) & Railway Junction, Total Length: 21.25 km
4. Bhagalpur: Metro to Extend to Champanagar with 24 Stations, Total Length: 24 km

god someone stop this nonsense , break JDU and steal all their MPs now. this is beyond hilarious , how can these idiots think of operating metro when they have 8th century roads(read it , no fkking roads). Whole cities are made up on a single fkking road and that too overly congested and these clowns want to bomb traffic for next 15 years there.... .

 

[sauntheninja]

god someone stop this nonsense , break JDU and steal all their MPs now. this is beyond hilarious , how can these idiots think of operating metro when they have 8th century roads(read it , no fkking roads). Whole cities are made up on a single fkking road and that too overly congested and these clowns want to bomb traffic for next 15 years there.... .

View attachment 26038

These idiots will get the money from the center, pocket all of it. The project's costs will escalate like anything and the state will then stop the project halfway. What the public will get is dug roads & pillars that go nowhere

 

[Ajatshatru]

god someone stop this nonsense , break JDU and steal all their MPs now. this is beyond hilarious , how can these idiots think of operating metro when they have 8th century roads(read it , no fkking roads). Whole cities are made up on a single fkking road and that too overly congested and these clowns want to bomb traffic for next 15 years there.... .

View attachment 26038

Developing a metro network is actually easier than building 8-12 lane roads in cities like Darbhanga, Bhagalpur, Muzaffarpur, and Gaya. Patna is a different case—it’s a metropolitan city with both 10-12 lane roads and a 60-kilometer-long metro network under construction, which will be further expanded. The Bihar cabinet has approved metro projects for these cities.

 

[Ajatshatru]

These idiots will get the money from the center, pocket all of it. The project's costs will escalate like anything and the state will then stop the project halfway. What the public will get is dug roads & pillars that go nowhere

These metro networks are much smaller compared to Patna metro, and land acquisition costs in these cities are much lower, so they won’t take as long as the Patna Metro. The first phase of Patna Metro alone was 33 kilometers long, and the second phase is another 28 kilometers.

I’m surprised by the length of Gaya Metro, its first phase is 36 kilometers, which is even longer than the first phase of Patna Metro, which was only 33 kilometers.

 

[crazywithmath]

So much wrong with this take! Where do I even start?

Trump or no trump our tariffs are ridiculously high.

Our weighted avg tariffs are not that high. Also, why exactly are we supposed to match the tariff structures of some uber rich nations?

These guys turned a blind eye when Japan and Korea did it. They did not care when the tiger club economies did it. Burgerboys were literally seducing European nations with Marshall plan fundings and made the conscious choice of outsourcing their manufacturing to countries who were 'loyal' to them. Heck, they let the chongs slap arbitrary trade barriers, exploit WTO and turned a blind eye to their state backed industrial espionage programmes just cuz the Murican dhandhos were salivating at the prospects of a rapidly growing PRC.

But suddenly it is an issue when we do it? Burgerboys run a tiny trade deficit with us and much of it is cancelled out by us procuring Murican military gears - why do they even care?

Even our gst is on the higher side for common goods. ( 28% on ACs , almost 50% for SUVs , 18 % on most industrial and consumer goods. )

None of his fucking business. He should stick to playing buddies with Elmo and banging chicks against their consent.

It's quite amusing that people are panicking about reciprocal tarrifs! They do not see the irony of it. Trump is only promising to match our own tariffs.

A young market economy (liberalized in the '90s) attempts to build an industrial base by exploiting low cost manufacturing, offering generous state funded incentives and putting some tariff and non tariff barriers (standard framework everybody else adopted when they were growing) - the burgerboys do not really care (because they have an axe to grind against the chongs and even facilitates shifting of supply chains). But all of a sudden a new guy turns up, disrupts the status quo and all of that progress in on the verge of getting destroyed - if you do not see how this is going I have nothing more to add.

If trump can force our socialist babus to loosen tariff and taxes somewhat he will be doing us a great favour in the long run.

No, he won't. There was already a mega income tax exemption mela a few weeks back. Lowering 'muh taxes' anymore would bankrupt the govt.

This is the kind of lolbert crap Mihir Sharma et al have been propagating for years - do not buy into it.

I have posted some comparative charts depicting the weighted avg tariff rates of India and a bunch of emerging economies multiple times back in the old DFI. Trying to look them up, will post them here once I find them.

Also, the orange man and his lackeys would conveniently pick up 'simple avg tariffs' (and not the weighted avg tariffs) to propagate their narrative - yeah, nothing suspicious at all. And even simple avg tariffs have been reduced in the union budget.

Anyways trump faces stark choices. If he wants to face china he needs to find a friend in India as Europe is too russophobi to even properly comprehend Chinese challange.

He does not care. He won't run in 2028. His political career would be done in January, 2029 - he would go back to playing golf at Mar-a-Lago.

 

[silentassassin265]

So much wrong with this take! Where do I even start?



Our weighted avg tariffs are not that high. Also, why exactly are we supposed to match the tariff structures of some uber rich nations?

These guys turned a blind eye when Japan and Korea did it. They did not care when the tiger club economies did it. Burgerboys were literally seducing European nations with Marshall plan fundings and made the conscious choice of outsourcing their manufacturing to countries who were 'loyal' to them. Heck, they let the chongs slap arbitrary trade barriers, exploit WTO and turned a blind eye to their state backed industrial espionage programmes just cuz the Murican dhandhos were salivating at the prospects of a rapidly growing PRC.

But suddenly it is an issue when we do it? Burgerboys run a tiny trade deficit with us and much of it is cancelled out by us procuring Murican military gears - why do they even care?



None of his fucking business. He should stick to playing buddies with Elmo and banging chicks against their consent.



A young market economy (liberalized in the '90s) attempts to build an industrial base by exploiting low cost manufacturing, offering generous state funded incentives and putting some tariff and non tariff barriers (standard framework everybody else adopted when they were growing) - the burgerboys do not really care (because they have an axe to grind against the chongs and even facilitates shifting of supply chains). But all of a sudden a new guy turns up, disrupts the status quo and all of that progress in on the verge of getting destroyed - if you do not see how this is going I have nothing more to add.



No, he won't. There was already a mega income tax exemption mela a few weeks back. Lowering 'muh taxes' anymore would bankrupt the govt.

This is the kind of lolbert crap Mihir Sharma et al have been propagating for years - do not buy into it.

I have posted some comparative charts depicting the weighted avg tariff rates of India and a bunch of emerging economies multiple times back in the old DFI. Trying to look them up, will post them here once I find them.

Also, the orange man and his lackeys would conveniently pick up 'simple avg tariffs' (and not the weighted avg tariffs) to propagate their narrative - yeah, nothing suspicious at all. And even simple avg tariffs have been reduced in the union budget.



He does not care. He won't run in 2028. His political career would be done in January, 2029 - he would go back to playing golf at Mar-a-Lago.

He will have to play golf in jail if another republican doesn't come to power

 

[sameer]

Trump or no trump our tariffs are ridiculously high. Even our gst is on the higher side for common goods. ( 28% on ACs , almost 50% for SUVs , 18 % on most industrial and consumer goods. )

It's quite amusing that people are panicking about reciprocal tarrifs! They do not see the irony of it. Trump is only promising to match our own tariffs.

If trump can force our socialist babus to loosen tariff and taxes somewhat he will be doing us a great favour in the long run.

Anyways trump faces stark choices. If he wants to face china he needs to find a friend in India as Europe is too russophobi to even properly comprehend Chinese challange.

Developing countries in general will have higher tariffs. It has always been that way. When the West was developing(19th and 20th century), they behaved similarly. Same for South Korea and Japan, they had high tariffs too.

South korea for example even today has high tariffs(relative to its income level).



And also tbh, Trump is just boasting. He's already imposed 25% tariffs on all steel and aluminium from all countries which surely is not reciprocal. End of day, he'll say something to justify his point and do something completely different.

That said, I agree with your general point that our tariffs are relatively high when compared to our peers(Vietnam etc). This will come down gradually as our manufacturing develops and sign trade agreements.

 

[crazywithmath]

That said, I agree with your general point that our tariffs are relatively high when compared to our peers(Vietnam etc). This will come down gradually as our manufacturing develops and sign trade agreements.

Vietnam competes across a different segment altogether - much of their 'manufacturing' is just assembly of chong goods. Slapping tariffs would be counterproductive for them. They are a tiny nation and can fare well with this much - they have no need to harbor bigger ambitions and I say, good for them.

The only other 'emerging economy' (if you consider it one, that is) that truly 'manufactures' a lot of products in house happens to be insanely protectionist - way way more than the GoI could ever dream to be and much of that cannot be quantified easily because their 'tariffs' are kept super low to maintain a facade of trade openness (I did a grand pela of a wumao once - on the economy thread of the old DFI; guy had claimed that India was more protectionist than prc).