Indian Economics Thread II
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I thought I'd seen every article title from that place. That's a new one.
supercat
Major
Oh, the good old times!
BTW, the good old professor who foresaw India's rise 2 decades ago really thinks that China's reopening depends on importing mRNA vaccine.
For those who are curious, 2,644 died last week in the U.S.
BTW, the good old professor who foresaw India's rise 2 decades ago really thinks that China's reopening depends on importing mRNA vaccine.
For those who are curious, 2,644 died last week in the U.S.
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Even if they choose to open up, why would Pfizer stock gain (or lose?) from it?
At the very most, China may approve their vaccines for emergency use. But there's so much vaccine capacity that emergency use isn't a worry, the problem are old people not wanting to take boosters.
China does simply not view India as an enemy.
Indian army is entirely reliant on Russian imports. China's borders have natural bottleneck so India can never be a direct threat, especially with a low tech army that won't be able to properly operate on heights.
Through India has way more than 5 trillion dollar economy, it should be almost up to 12 trillion by now no?
They are allowed to stay in sco and continue the cooperation with everyone in China's bloc for a reason.
We are awaiting Indian leadership that is saner. Perhaps it comes from the maoists. Or from peaceful transition within the current oligarch system.
Either way, keeping options open is good. We can never know if Pakistan will be able to develop.
It's the same as with Saudi and Iran. Better to keep workable relations with both at the same time, so later one can pick the better one, or both, if they resolve their issues.
You really need to wake up.
The foreign investment, whether they are from China or not, are in India to make profit from the surplus value created by the Indian workers. That is to exploit the Indians. They are not there to help the locals become competitors.
While the factories built for the FDIs might be equiped and run in better and more advanced ways than the local ones, it does not necessarily mean that India will magically and automatically master the knowledge and knowhows overnight. Indians will still have to have the ability and time to learn.
Assembling mobile phones is the least value adding step on the whole chain. Most of the profit comes from the upstream - the chips, the sensors, the display, the OS, the essential apps, and more. How much can India supply all these domestically? And how long do the Indian suppliers need to qualify as local sources?
Will the Indians learn eventually? Maybe. Will they learn fast enough before robots displace human beings in assembly lines? That's the trillion dollar question for India.
It'd be naive to think what the Chinese have achieved in manufacturing as easy as making cookies. To catch up with the west, China has, over the decades, poured huge amount of human and capital resources into R&D, infrastructures, education, etc. How much has India done so far?
USA brought China into WTO hoping they can get rich off China like they stole entire native land & other countries oil, other resources. Don't whine that someone schooled your little master on their own game without colonization. Besides the so called successful Indians always become successful when they leave the British left over colony. It must be very painful for you helplessly watching someone smashing your Western master's...should I say azz? Or rules based order as you like to call it?
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