In4ser
Junior Member
Pay off bribes by Indian governments like Xiaomi is facing
Indian Economics Thread II
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It's not a bribe if it is extortion.
In fairness, if the indian gov basically set up a discounted swap line where russia could change rupee to other currencies, then it could have been worth it. India is very unlikely to be sanctioned and it would be a huge pr victory for little cost
India won’t do that because they need to save the Indian rupee. The rupee has halved in value against the USD in the last ten years whereas the RMB has remained more or less constant.
So scamming foreign countries and stealing company funds are simply de rigeur for India.
The russians can buy Indian agricultural products with rupees, and the resell it to China for RMB. Is it worth it for China to buy any indian agricultural products?
China buys rice from India
The problem with India is that their main "export" is services to Anglo-Saxon countries. Russia could probably not buy anything material with those rupees out of India's gargantuan oil purchases even if they wanted to. It is in India's own interest not to have a negative balance of trade with other countries so they should be trying to solve the problem on their end instead of dithering about it. Russia is already increasing the purchase of medicine from India, and they could be buying other products like textiles, food, and the like. But for that the Indian government needs to solve the issue with monetary transactions between both countries. India already lost big time economically and politically by following Western sanctions on Iran. So unless they want to be isolated in their subcontinent, they better have their own policy.
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India has mastered VR!?!
Superpowa enters the Metaverse??
Jio’s affordable VR headset poses a significant threat to established global players such as Meta, whose upcoming Quest Pro is expected to cost $999, and Apple’s VR headset, which is rumored to be priced as high as $3,000.
The billionaire's conglomerate has been ramping up his game against some major global brands as Ambani sets the stage to expand his empire. RIL recently took steps to counter Coca-Cola and PepsiCo with the
Last month,, it partnered with a British sandwich and coffee chain to launch India’s first Pret-A-Manger outlet.
Superpowa enters the Metaverse??
Apple, Meta Brace For Competition As With A $16 Device
Reliance Industries, owned and led by India's richest man Mukesh Ambani, this week launched its first-ever virtual reality (VR) headset called JioDive under .Jio’s affordable VR headset poses a significant threat to established global players such as Meta, whose upcoming Quest Pro is expected to cost $999, and Apple’s VR headset, which is rumored to be priced as high as $3,000.
The billionaire's conglomerate has been ramping up his game against some major global brands as Ambani sets the stage to expand his empire. RIL recently took steps to counter Coca-Cola and PepsiCo with the
Last month,, it partnered with a British sandwich and coffee chain to launch India’s first Pret-A-Manger outlet.
India does export quite a bit of goods too, but it's stuff like diamonds, refined oil and iron ore. None of the things that Russia actually needs.
The one area which Russia could potentially use is probably cheap generic medicines, but I suspect those companies are not willing to risk secondary sanctions from the US, hence the impasse.
This reminds me of how Indonesia dropped plans to buy Russian jets because they also feared US sanctions, despite their own military preferring it over vastly more expensive Western options. This is a good overview:
There's a lesson here for China. Just having a competitive product is not enough unless your market is big enough to be attractive to other countries. Because the US is not just using its own home market as a carrot, it can use its puppets like Europe, AU/CA/JP also. The combined GDP is well over $50 trillion. Few countries would risk access to that.
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