Indian Economics Thread II

[manqiangrexue]

Indian companies didn't know how to do electronic manufacturing & make smartphone, but because of investment of mostly Chinese companies & other companies, it has become a manufactured within few years that's why even iphone is getting assembled over there and many of them are now getting sold in china too. While India is seizing assets of Chinese companies but still some Chinese companies are willing to make high tech manufacturing in china. Do you want to see transfer of high tech electronic manufacturing in india too ?
Chinese companies will lose their money and even get kicked out but india will gain technology & new skill.

No, I don't want to see this deal because India will steal our technology with their shitty market and kick us out. It is actually not a deal but India's policy to invite Chinese companies. However, I'm pointing out that your sarcastic interpretation of Chinese companies is wrong because what you read is India's offer and trick, not the desire of Chinese companies to go in.

Furthermore, to elaborate on that, stupid people can fall into a trap; smarter people can avoid it, but the smartest people will go in, dismantle the trap, and come out with the blood of the trapper on his hands. I doubt any Chinese company with technology worth a potato would think that India wants to do honest business so if they go in, I'd think they are prepared to be the smartest group of people I mentioned. That doesn't mean that they will go in for the purpose of backstabbing Indians, which is not really a task worth anybody's time in China, but that they have a plan to backfire any trap that is sprung on them.

 

[supersnoop]

Indian companies didn't know how to do electronic manufacturing & make smartphone, but because of investment of mostly Chinese companies & other companies, it has become a manufactured within few years that's why even iphone is getting assembled over there and many of them are now getting sold in china too. While India is seizing assets of Chinese companies but still some Chinese companies are willing to make high tech manufacturing in china. Do you want to see transfer of high tech electronic manufacturing in india too ?
Chinese companies will lose their money and even get kicked out but india will gain technology & new skill.

What kind of interpretation is this?

Because some Chinese companies like to gamble on the Indian market, you think that all of them can be tricked like this and somehow this will lead to mass industrialization?

It is not magic, even for China it was not some magic tech transfer. Why is Su-30MKI still struggling to be fully made in India after 20 years, but China can make 100% of the airplane from nose to tail? It is not just blueprints and machinery, but also public infrastructure and education.

You think that basically running a huge telemarketing scam on some Chinese companies will build you the next Foxconn?

 

[sndef888]

China should just leave India alone. Continue exporting but stop any further integration or setting up of factories. Just let them miss their entire demographic dividend practicing protectionism. Then they'll be truly screwed

 

[Biscuits]

China should just leave India alone. Continue exporting but stop any further integration or setting up of factories. Just let them miss their entire demographic dividend practicing protectionism. Then they'll be truly screwed

the thing is, they're already truly screwed. Might as well make some money while at it.

Its true that India has a demographic dividend, but this has already been wasted due to horrible conditions. Modern Indians with their average calorie intake of below 2000 rival Chinese during the great leap forward and have been doing so for decades. And the consequences of this is shown through a widely stunted population from starvation, with for example not just 2 digit average IQ but even well below 90 at 82.

It will be near impossible to sustain even moderately advanced blue collar workforce during such conditions, let alone create world industry leaders.

Besides, China spent the entire Cold war advancing its technology and it was broadly speaking a peer to both USSR and the west, this later meant that when it comes to practicing a market economy, China had all the foundational set up for heavy/advanced industry. What has India achieved in the last decades? If India wakes up today, they will be where China was in the 1960s.

If India commits to SCO, even if it doesn't solve their more foundational problems, they can at least learn how to set up more effective institutions from China. And if someone knows how to eradicate starvation within 1 lifetime it's China, with it's world leading agriculture and biotech. India effectively created their own lost generation, the next generation has hope to reach further than ever (not a high bar), but if they keep stumbling in the dark, reaching out to their former colonizers who privately simply laugh at their misery and use them as cheap labor, then the next generation will be another lost generation.

 

[henrik]

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[Sardaukar20]

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Taiwan only has semiconductors as it's last world-beating technology. Any Taiwanese firm attempting to move production from China to India or Vietnam will not go unnoticed. When China finally catches up in semiconductors, there will be nothing left for Taiwan to deny to China. Then the Chinese market can begin to boycott Taiwanese semiconductors. It just won't be pleasant to lose the Chinese market.

It's easy to enter into India. But staying there is another story. India promises plenty. Great market potential. Cheaper labour force than China. But there is always a missing part of the story. India lacks rule of law, it's population is still largely lowly educated, and infrastructure is still weak despite decades of FDI. Ford, GM, Datsun, Carrefour, have left India. Something is just not right over there. Both in manufacturing and market. Why should Foxconn and other Taiwanese semiconductor firms fare anu better? Let's see in 10 years time how things are going for them.

India is not suddenly gonna become semiconductor powerhouse when Taiwanese companies come in. India has a history of supreme disability to learn from imported technologies. Over 70 years ago, India inherited automotive technology from the British. Earlier than China's own automotive industry. Yet India is not an automotive powerhouse today. India had decades of military ToT from Russia. Many are much more advanced than what China had received. Yet India still cannot manufacture its own AK rifles without a Russian license. Yet India still cannot manufacture its own Su-30MKI with 100% indigenous components. India inherited the Mazagon shipyard from the British Raj, yet India is nowhere near a shipbuilding powerhouse like SK and China. So, I don't think there is any danger of India suddenly becoming a semiconductor powerhouse even with generous Taiwanese technology.

 

[Andy1974]

Quite entitled, this lot:

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India will focus on the need to specify the quantity and quality of long-term finance (in trillions), its scope, ease of access to finance and mechanisms for tracking such finance in a transparent manner

According to the updated NDCs, India now stands committed to reducing emissions intensity of its GDP by 45 per cent by 2030, from 2005 level, and achieving about 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. These NDCs are, however, contingent on delivery of finance and technology transfer.

 

[NiuBiDaRen]

They were so delighted to be with the country right next to them in the Human Capital and Human Development Indices

 

[Bellum_Romanum]

India Today discussion on India's increasing trade deficit. One of the forum speaker suggested that Indian ought to depreciate their currency while increasing the interest rate to discourage Indians from buying import products while expanding their export products and competitive to the world.

 

[siegecrossbow]

They were so delighted to be with the country right next to them in the Human Capital and Human Development Indices

Just wait until they see the white servants.