Indian Economics thread.

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AssassinsMace

Lieutenant General
I use to work for a company that made insurance software for independent insurance businesses. Then they got this Indian guy for a CEO and he turned the company into also a software outsourcing service to India. That's when we heard stories of Indians taking Americans' data and holding it hostage for ransom was a regular thing. They hide it from Americans because they would go nuts and US companies that outsourced to India would have to return that work to the US to do it and make less profits. The IRS outsources to India too to have have everyone's taxes processed in India. I tell people the way to avoid it going to India is to mail your tax returns to the IRS. If they send it electronically it easier to send them to India to be processed.
 

Strangelove

Colonel
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:D

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Repeated parliamentary scuffle shows grafted democracy from West fails to solve India’s problems

India's version of the "Watergate scandal" and a series of political storms and farces in the parliament have revealed India's parliamentary democracy is in crisis, international analyst have said, after Indian opposition leaders from 15 parties heightened protests against the central government over the Monsoon Session from July 19 to August 11 with an increase in chaos, scuffle, and adjournments.

India, self-identified as the world's largest democracy, has long boasted about its political system in the domestic and Western media. However, the farce repeatedly staged in its parliament, as well as the chaos of India's domestic politics in recent years, confirmed again that India's parliamentary democracy grafted from the West is still not well-adapted after a history of more than 70 years, observers have pointed out.

It partly explains how India failed in the COVID-19 pandemic control and in sustainable economic development.

Facts have proved that the "Indian democracy" copied from the West has brought political disorder, ineffective governance, failed anti-epidemic containment efforts, and sluggish economic development, experts have pointed out, expecting the gap between India and China to grow larger if India is still struggling to seek out a development path suited to its own national conditions.

Dysfunctional parliament reflects the vanity of Indian democracy

Opposition leaders from 15 Indian political parties, led by Congress leader Rahul Gandhi, protested against an alleged surveillance operation by the ruling government using the Pegasus spyware. The complaint disrupted proceedings in Lok Sabha and did not allow the treasury benches to transact any business for the second consecutive day - signaling that the first week of the Monsoon Session would be a washout, Indian Express reported.

India's main opposition Congress party has accused Prime Minister Narendra Modi of "treason" and compromising national security following revelations that dozens of Indians were potential targets of snooping by Israeli-made spyware, Al Jazeera reported.

Stormy scenes were witnessed in Lok Sabha, or House of the People, where the opposition raised slogans and brandished placards demanding the resignation of the Prime Minister and Home Minister over the alleged surveillance. Uproar over this was also seen in Rajya Sabha, or the upper house of the bicameral Parliament of India.

In online videos shared by some MPs, a bound rule book was flung at the chairperson's seat, and some opposition MPs were seen sitting on tables after tearing up papers and some even physically clashed with security force.

Similar riots also erupted in the Indian parliament in March and in September 2020, raising concerns that, as a vehicle for parliamentary democracy, India's parliament was increasingly unable to play a healthy role in the country's governance amid a political system riddled with loopholes.

According to the Constitution of India, the main function of parliament is to enact laws, and it also has important powers such as financial and administrative supervision. But in practice, the session and agenda of the Federal Parliament are mainly controlled by the Council of Ministers headed by the Prime Minister, and the bills proposed by individual parliamentarians have little chance of passing into law, Hu Zhiyong, a research fellow at the Institute of International Relations of the Shanghai Academy of Social Sciences, told the Global Times on Sunday.

Although opposition parties and the public were very unhappy with the Modi government's failure to fight the epidemic, no substantial accountability initiatives could be introduced after a brief thematic debate in the Rajya Sabha. For the controversial Pegasus Project, due to the BJP MPs' refusal to participate in the talks, the meeting of the Standing Committee on Information Technology led by opposition MPs to discuss the alleged case of using the software to spy had to be cancelled , the Hindustan Times reported.

During this monsoon session, the Modi administration paid no attention to the demands of the opposition parties and brutally pushed through 20 bills, including the bankruptcy law amendment, the vast majority of which were passed without necessary discussions but simply through voice vote, in which there were 14 bills passed in the LokSabha after only spending 10 minutes or less in deliberation, The Hindu reported. In order to make their voices heard in parliment more smoothly, the opposition parties had no choice but to take the extreme option of disrupting the parliamentary session to express their dissatisfaction and vent out their anger.

"It cannot be denied that India's parliamentary system has played a positive role in national processes over the past 75 years, such as consolidating Indian unity and stabilizing national politics. However, the contradictions between caste and ethnicity, and local and central governments are very complex. In particular, the endured endless debates between the ruling and opposition parties over economic reform policies have brought great stagnation to the long-term development of India's economy. Increasingly, parliament has become an inefficient and repetitive operation," Qian Feng, director of the research department at the National Strategy Institute at Tsinghua University, told the Global Times.

Downgrading of Indian's democracy

The repeated scuffles at the India's parliament in recent years have shown that Indian-style democracy has inherited only the veneer of democracy left behind by the British but lacks the core of democracy, experts say. With a rich living experience in India, Hu can personally feel in his daily life that complex issues such as religion and other essential conflicts in land control and labor unions remain unsolved, which are hindering the country's development.

India is a major agricultural country, with farmers accounting for 70 percent of the country's population. In the 2019 general election, Modi's Bharatiya Janata Party (BJP) managed to win more farmer votes and was re-elected with an overwhelming majority. However, the year after the general election, Modi's administration rammed through a set of agricultural reform bills in parliament aimed at bringing private capital into the agricultural buying and selling sector, which will harm farmers' interests.

A large number of Indian farmers protested despite the risk of epidemics, demanding the repealing of the amendment act.

After winning more than half of seats in Lok Sabha, the ruling Bharatiya Janata Party (BJP), in 2014, started pushing a "Hindu first" hard-right agenda, stripping Kashmir of its special status, approving the Citizenship Amendment Bill, and launching agricultural reform, which further caused ethnic antagonism and brought farmer protests that continue to this day.

The Indian government is unlikely to propose a solution to the current contradiction of the large gap between the rich and the poor, and the social development of India will still be pyramid-based, said Hu. "India's current political party system is unable to implement wise policies for the long-term development of the country."

Observers said that election bribery and fraud are prevalent at all levels in India, in most cases, votes have become a commodity, with only the powerful being able to get elected. The Indian people do not have the right to monitor the government, and even in the case of man-made disasters such as the ineffective fight against the epidemic, few officials are held accountable.

Qian told the Global Times that the number of parties in India is among the largest in the world, with about 700 various parties at its peak, and even many locals couldn't name them all. Parties send out gifts to attract votes, and there was even a stampede tragedy as people rushed in to grab ballot gifts.

But these smaller parties are in fact incapable of governance, and once they participate in decision-making, the tragedy or chaos starts all over again.


hindus LOL 99.jpeg
 

DarkStar

Junior Member
Registered Member
Jai Hinds claiming chinese made power plants are really "made in India"

LOL and as if that wasn't bad enough, after wanting to bite the Chinese hand that fed them, Jai Hinds are now bitching about now being made to pay more and up front for any future Chinese investment. Looks like all those choice discounts that China generously gave India amounted to squat in the hands of ingrates.

Never mind, Indians will end up paying either in this life or the next.
 

Overbom

Brigadier
Registered Member
Jai Hinds claiming chinese made power plants are really "made in India"

LOL and as if that wasn't bad enough, after wanting to bite the Chinese hand that fed them, Jai Hinds are now bitching about now being made to pay more and up front for any future Chinese investment. Looks like all those choice discounts that China generously gave India amounted to squat in the hands of ingrates.

Never mind, Indians will end up paying either in this life or the next.
Jai Hinds are Jai Hinds after all, no use to even bother to reason with them.

China is doing good, no reason for it to go around the world and thumping its chests about how they are building this in Egypt etc. The experts know what China is capable of.

There also sensitivities in countries. Every person wants to be proud, and thus China should give "face" to a country so that it doesn't feel humiliated that it needs outside help to do some basic job.

For example, Egypt's new capital is a project with tremendous prestige and publicity which also hits deep into the hearts and minds of every Egyptian. In this case, China shouldnt be too loud that it embarasses the public. Better to step back and let the Egyptian Gov get most of the credit. This way, you will keep good relations with the people, with the politicians, and with the Gov. As long as China gets paid then it should avoid over-publicizing its work.

Yes it sounds strange but people are irrational so its better to give "face" and avoid embarrassing the public and their Gov for not being able to do the work themselves.

Now that was for Egypt. For India, though... lol. No need to bother with giving them face, keep embarrassing them
 

Gatekeeper

Brigadier
Registered Member
This could be it. India finally edge out China as the world's factory?

India Insight: Elbows out on world’s factory floor

“Make in India” could start to live up to its motif of a lion on the prowl. Local and foreign companies are queuing up to tap incentives for creating large onshore manufacturing capacity in electronics, solar panels, pharmaceuticals, advanced batteries, specialty steel and more. Samsung Electronics (005930.KS), Apple (AAPL.O) suppliers, and local tycoons will claim a share of benefits worth as much as $27 billion. The enthusiasm for Prime Minister Narendra Modi’s gambit to spur production is striking after years of false starts to find India space on the world’s factory floor.

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weig2000

Captain
This could be it. India finally edge out China as the world's factory?

India Insight: Elbows out on world’s factory floor

“Make in India” could start to live up to its motif of a lion on the prowl. Local and foreign companies are queuing up to tap incentives for creating large onshore manufacturing capacity in electronics, solar panels, pharmaceuticals, advanced batteries, specialty steel and more. Samsung Electronics (005930.KS), Apple (AAPL.O) suppliers, and local tycoons will claim a share of benefits worth as much as $27 billion. The enthusiasm for Prime Minister Narendra Modi’s gambit to spur production is striking after years of false starts to find India space on the world’s factory floor.

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A promotional piece passes as a piece of news. The article is full of information of Indian inducements and carrots ( “Production-Linked Incentive” scheme), but short on evidence of any takers.

The news of China's record export volume last year and so far this year are strong indications that foreign investors and customers are staying put in China. In fact, any diversification or divestment strategy away from China, due to pandemic, are in all likelihood have backfired because of - you guessed it - pandemic.
 

Sardaukar20

Captain
Registered Member
This could be it. India finally edge out China as the world's factory?

India Insight: Elbows out on world’s factory floor

“Make in India” could start to live up to its motif of a lion on the prowl. Local and foreign companies are queuing up to tap incentives for creating large onshore manufacturing capacity in electronics, solar panels, pharmaceuticals, advanced batteries, specialty steel and more. Samsung Electronics (005930.KS), Apple (AAPL.O) suppliers, and local tycoons will claim a share of benefits worth as much as $27 billion. The enthusiasm for Prime Minister Narendra Modi’s gambit to spur production is striking after years of false starts to find India space on the world’s factory floor.

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India have been saying the same thing since even before Make in India started in 2014. They have been saying that India has an edge over China in this and that. Every year they said that "finally, this is their year to shine". Well, we are still waiting.

Let the fools wait for India to shine. They can have all of eternity to do that.
 

BlackWindMnt

Captain
Registered Member
I remember when the pandemic started everyone in MSM was swearing hand and feet that India was gonna take China's place as the world's factory. No one takes that statement seriously.
Yeah the Indian leadership under Modi has a talent of betting on the wrong horse and fucking up a easy race so they always end up in third place injured but surviving to the next fuck up.
 
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