Indian Economics Thread II

[coolieno99]

You need a large pool of educated workers fluent in English. While China's educated pool is much greater than India's, their English skills are subpar for the most part. High-end services is really India's forté. A very small slice of the population is active but they're good at what they do. Or at least good enough given low wages.

Service sector exports in general is a weakness in East Asia and I think it's partly an issue with language barriers.

Indians put their English skills to good use by running Call-Center Scamming operations. Almost all the scams were done entirely in English for both scammer and victims ( a few are done in Japanese, Japanese-speaking Indian scammer swindling Japanese victims). The Indian scammers would target the English-speaking countries: USA, UK, Canada and Australia. This is the one time it's a good thing the Chinese doesn't know how to speak English because no Chinese were rip off by Indian scammers. In 2022, Americans loss $ 10 BILLION to Indian Call-Center Scammers.

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[henrik]

You need a large pool of educated workers fluent in English. While China's educated pool is much greater than India's, their English skills are subpar for the most part. High-end services is really India's forté. A very small slice of the population is active but they're good at what they do. Or at least good enough given low wages.

Service sector exports in general is a weakness in East Asia and I think it's partly an issue with language barriers.

English language skills can be easily trained in China, if they really want to. The crack down on tutoring schools was a mistake.

 

[ansy1968]

English language skills can be easily trained in China, if they really want to. The crack down on tutoring schools was a mistake.

I have many mainlander friend who can speak at least a decent Filipino and broken English after staying here for 6 months, so it's the environment, constant exposure and practice is the name of the game.

 

[yjl11]

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India on the moon

 

[ougoah]

India got their moon rocket

Not a new rocket if that's what you're implying. Actually India's got no super heavy or even a heavy launch vehicle yet. Hence much, much lower payload capacity.

 

[mossen]

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As I've long said, India should stop trying to ape the West and China on semiconductors and instead focus on deliverable tangibles. The Foxconn fiasco was inevitable. By contrast, renewables is a good sector to focus on. It's a win-win for India and the world.

 

[antiterror13]

How come it costs more in India for each km of highspeed railway, when Indian wages are lower than that of Indonesia?

efficiency/productivity and corruption maybe

If A gets $5/hour and B gets $2/hour ... but A can do 5x more efficient/productivity .. which product would be cheaper? from A or B

 

[AndrewS]

English language skills can be easily trained in China, if they really want to. The crack down on tutoring schools was a mistake.

Chinese tutoring schools mostly taught to the written exam, which is pretty useless these days given automated grammar and spelling tools.

There's little to none in terms of speaking.

So I see the crackdown of English tutoring schools as a good thing.

 

[Quan8410]

You need a large pool of educated workers fluent in English. While China's educated pool is much greater than India's, their English skills are subpar for the most part. High-end services is really India's forté. A very small slice of the population is active but they're good at what they do. Or at least good enough given low wages.

Service sector exports in general is a weakness in East Asia and I think it's partly an issue with language barriers.

Rather than forcing workers to learn English, I would like to see the world learn Mandarin. Chinese used to be the lingua franca in East Asia for centuries. Time to enforce that status to world level.

 

[luminary]

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Chenab Bridge

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Palais Royale

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Zoji-la & Z-Morh Tunnel

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Mumbai Coastal Road

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Navi Mumbai Airport

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Mumbai Trans Harbor Link

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Dholera Solar Park

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Sardar Sarovar Dam

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GIFT City

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Dholera Smart City