Samsung is even more omipresent in many fields than Indian conglomerates. Yet that hasn't stopped south Korea from benefitting from that, moreover South Korea is even dominant in many industries due to massive conglomerates like Samsung.
Indian Economics Thread II
- Thread starter NiuBiDaRen
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Size matters, SK Chaebols need to export to survived, while those from India don't and also there are an insular thinking among the Indians business elites as most of them are rent seekers.
India market is so big, compared to tiny Korea. Indian version of Samsung is going to trash Samsung easily.
Lets not ignore the cultural factors, conglomerates worked in East Asia cause Confucian culture increased the bond between workers, this promoted a company culture where employees view each other as family and take care of each other in many aspects of life.
Would upper caste managerial elites in India extend the same type of treatment to their lower caste employees?
Would upper caste managerial elites in India extend the same type of treatment to their lower caste employees?
I don't think it should be here as well. It's silly to include such things in economic news. It's like posting industrial or construction accidents that happens in China under the Chinese economy news thread, im sure if someone here did that he will rightly be ganged upon and insulted on here by most members for posting unrelated negative news and maybe even banned. So we shouldn't do the same for others. Seems to me like this thread has actually turned into a negative Indian trolling thread instead of a genuine economic one. Its not different from what I once saw when I visited Indian defence Forum, all the news Indians post about China in Chinese economic thread is only negative news about China with some racial undertones for them to prove how better, patriotic and even superior they are compared to China. Lol Reason I never bothered registering there or even visiting the site again. I was expecting this forum to be different and more educative from how professional members here came across different topics and threads i've seem where i myself have learn quite alot, reason I registered here,but seems when it comes to India or even the its just turning into another negative Indian news thing.
The problem is every country on earth has negative news as well from China to Korea to Russia to Europe to the U.S, middle east etc etc, just depends on what you want to focus on and what the agenda is. So we should try and be balanced in our approach.
That's some nice copium you have, believing that the recent deadliest train accident of the century doesn't have a large impact on a country's economy. It's just some random industrial accident that occurs daily, no biggie right? Perhaps Indians have the same mentality as you and don't value human lives as much, this attitude might be why their economy isn't growing fast enough.
You can be sure if China (HSR) railway had an accident with 275+ death, the whole country would be mourning, the leadership would take it seriously, shut down the line in question, reduce the max speed of the other trains and order a through investigation. It would definitely have a huge impact on the Chinese economy.
Apparently posting news about the deadliest train accident of the century from credible Indian media is considered negative Indian trolling. By that logic, your fantasies on Indian conglomerates and their similarities to Chaebols (a topic that has been seriously analyzed countless time) must be considered as positive Indian trolling.
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Spot on, their inability to reflect and learn from mistakes, while instinctively blame China & Pakistan and dismiss bad news as trolling, is keeping them in the 4th world.
Indians, you're not going to get white servants by 2030 with that attitude.
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I read that this bridge had already collapsed once before. It was well above budget even before this latest incident. I guess this is the outcome when everyone in India wants to become a software engineer because that's where the money is. Mechical engineers in India earn peanuts by comparison. I don't even blame the students, but then you get stuff like this.
Difference is Chaebols and Keiretsus were largely export-oriented. Not completely but to a significant extent. What does Ambani or Adani export? I can only think of coal (Adani) and petroleum (Ambani) but those are commodities with limited capacity to go up the value chain. It's the "dutch disease"/resource curse.
I agree that the "to be or not to be" discussion around conglomerates are a red herring. The issue is what they are doing, not whether they exist. And the Indian ones are much more inward-looking as a rule. Ambani is slowly shifting away from petroleum to telecom, retail and media. Adani is all about controlling airports, sea ports and power generation. Again, where's the export opportunity?
The only major player I can think of is Tata, which does seem pretty serious about semiconductors and EVs. They also have the largest IT outsourcing firm in India by revenue, even if what they do is "bodyshopping" and generally speaking fairly unsophisticated work, not everyone can be OpenAI. At least they are trying to scale the value chain. But that's just one business house. Where are the rest? There needs to be an ecosystem.
coolieno99
Junior Member
Top5 exporters of Semiconductor Devices 2022:
1. China = (29%)
2. Japan = (19%)
3. Malaysia (15%)
4. Germany (11%)
5. Taipei (10%)
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144. India (0.00019%)
1. China = (29%)
2. Japan = (19%)
3. Malaysia (15%)
4. Germany (11%)
5. Taipei (10%)
...
...
...
144. India (0.00019%)
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