Indian Economics Thread II

[Biscuits]

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LOL!



So what? Like China gives a sh*t what an Indian billionaire thinks.

Gautam Adani, the richest man in Asia. Thanks in no small part to his favourite bro: Modi. He is a typical Indian elite, bloated with arrogance and delusions of grandeur. Billionaire scums like him heavily lobby the Indian government to concentrate wealth to himself. It is because of people like him that India will continue to stagnate.

China has no shortage of billionaires, but they are kept in check by the government. China is pursuing common prosperity, not prosperity for the privileged few. For China, they feel that it is better to have many more people of 'moderate wealth' than a few super rich individuals. The economy would be bigger as a whole. China is pushing for technological innovation, not talking big all the time. Technology transformed the US, Europe, Japan, and SK into economic powerhouses. All India is good at is talking big. That is how China is racing far ahead of India. Privileged billionaires like Adani will never understand this.

Gautam Adani knows nothing about the Chinese economy. He only knows China within his bubble of the JH media and Western media. Let him and India continue to delude themselves. As long as Adani and India think that they have won, India will never progress.

Adani has the audacity to claim to be the 2nd richest man in Asia while his fellow citizens enjoy a calorie intake comparable to holocaust victims.

People like him are the cause of Indian backwardsness. China being the world's largest economy yet not having many ultra rich like him, shows the difference between a country that puts the people first and a country that puts oligarchs first.

A boss is nothing without his employees. The employees are what actually create the business and let it expand. A nation that only values the rich and powerful is like a company with only CEOs. I.e. An asylum for clowns.

 

[sndef888]

Adani has the audacity to claim to be the 2nd richest man in Asia while his fellow citizens enjoy a calorie intake comparable to holocaust victims.

People like him are the cause of Indian backwardsness. China being the world's largest economy yet not having many ultra rich like him, shows the difference between a country that puts the people first and a country that puts oligarchs first.

A boss is nothing without his employees. The employees are what actually create the business and let it expand. A nation that only values the rich and powerful is like a company with only CEOs. I.e. An asylum for clowns.

I don't get why Indians rave about Adani and feel proud of an Indian being the 2nd richest in the world.

He got most of his riches being a BJP crony and monopolising Indian infrastructure, while in China almost all billionaires had to actually fight to create competitive companies. And even then Chinese billionaires are regarded as merely holders of capital that the government can redirect to the lower/middle class when need arises, while Adani is basically a god in India hoarding wealth without any limit.

 

[56860]

I don't get why Indians rave about Adani and feel proud of an Indian being the 2nd richest in the world.

He got most of his riches being a BJP crony and monopolising Indian infrastructure, while in China almost all billionaires had to actually fight to create competitive companies. And even then Chinese billionaires are regarded as merely holders of capital that the government can redirect to the lower/middle class when need arises, while Adani is basically a god in India hoarding wealth without any limit.

All billionaires is every nation throughout history lived the life of a God. Only in China is a billionaire's interests subject to that of the state, and not the other way around. Imagine Bezos or Adani getting Jack Ma'd in their respective countries. It's not going to happen.

 

[AndrewS]

Closer to reality would be: India risks undergoing revolution as long as corrupt oligarchs like Adani continue to exploit the poor, the millions of unemployed dalits will raise up to get their pound of flesh, storm into his mansion and hang him from his ceiling...

In general, conglomerates are a bad thing.

They have their uses at the beginning of the industrialisation/development process, but that's because they are an oasis of managerial expertise and financial resources amidst a sea of underdevelopment.

But once you have an environment where companies have secure property rights and can raise money for long term investments, conglomerates should die out.

As for Adani Group, most of their operations look like they would be regulated monopolies in Europe.

 

[gelgoog]

If you guys want to listen to the story of one of these Indian conglomerates, Reliance, I found this video informative.

 

[ficker22]

If you guys want to listen to the story of one of these Indian conglomerates, Reliance, I found this video informative.

Bruh

 

[Bellum_Romanum]

Reliance group and other leading communications industry in India have unveiled 5G telecommunications tech. Here the Ambani Chairman made bold proclamations that by 2047 India will become a $40 Trillion economy, that by 2023 every corner of India will have access to 5G network, and that India will lead the world in 5G. Congratulations to India and more power to them, and hopefully they will be able to provide the service coverage promised by the CEO and BJP benefactor.

 

[56860]

Reliance group and other leading communications industry in India have unveiled 5G telecommunications tech. Here the Ambani Chairman made bold proclamations that by 2047 India will become a $40 Trillion economy, that by 2023 every corner of India will have access to 5G network, and that India will lead the world in 5G. Congratulations to India and more power to them, and hopefully they will be able to provide the service coverage promised by the CEO and BJP benefactor.

J is for Jai Hind

 

[ACuriousPLAFan]

I would refrain from commenting on the rest of his statement, except this one in particular:

... and that India will lead the world in 5G...

China: *sips tea*

 

[sndef888]

Reliance group and other leading communications industry in India have unveiled 5G telecommunications tech. Here the Ambani Chairman made bold proclamations that by 2047 India will become a $40 Trillion economy, that by 2023 every corner of India will have access to 5G network, and that India will lead the world in 5G. Congratulations to India and more power to them, and hopefully they will be able to provide the service coverage promised by the CEO and BJP benefactor.

They're full of shit as usual. 40 trillion by 2047 would mean an average growth of 10.3% every year, which is a figure they've never hit even once since independence.