They do OK when they move to the West. Otherwise they’re just cheap english speaking labor.
Ironically the lack of english skills might be whats keeping talent in the Sinosphere.
Indian Economics thread.
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They do OK when they move to the West. Otherwise they’re just cheap english speaking labor.
Ironically the lack of english skills might be whats keeping talent in the Sinosphere.
As Chinese imports boom, what happened to Modi’s ‘self-reliant’ India?
Prime Minister Narendra Modi’s bid to make India “self-reliant” – a move widely seen as aimed at limiting the country’s dependence on
China – appears to be stuttering, with imports from its Asian rival actually increasing in the months since the campaign’s May launch.
China not only remains India’s biggest trading partner and source of imports, but according to new government data its share of the total has gone up from 13.7 per cent last financial year to 18.3 per cent in the six months to September.
- China not only remains India’s biggest source of imports, its share of the total actually increased in the six months to September, government data shows
- Indian traders and manufacturers are struggling to end their reliance on Chinese goods partly thanks to a lack of high quality, locally made alternatives
Prime Minister Narendra Modi’s bid to make India “self-reliant” – a move widely seen as aimed at limiting the country’s dependence on
China – appears to be stuttering, with imports from its Asian rival actually increasing in the months since the campaign’s May launch.
China not only remains India’s biggest trading partner and source of imports, but according to new government data its share of the total has gone up from 13.7 per cent last financial year to 18.3 per cent in the six months to September.
All things considered this is not as brutal as I’ve anticipated. If they didn’t sanction France over the yellow jackets then they won’t over this either.
Where were the local law enforcement when this went down? Are the locals cops in on it?
plawolf
Lieutenant General
Indian police did break it up in the end.
To be fair, there really isn’t much a handful of beat cops can do when there are literally thousands of rioters.
They would need time to build up numbers, and to bring in specialist riot squads (and also wait for the rioters to tire themselves out). It would be the same anywhere in the world. Just look at America.
Did they investigate how the looting was organized?
RT America discussing about the Indian Iphone factory riots.
A few interesting talking points:
1) Indian workers are paid. But their salaries are declining from their initially agreed amounts. By an obscene degree.
An graduate engineer's pay starts out at USD 286/month, now is USD 163/month.
The majority of the workers, who are lower skilled labour. Pay is now going as low as USD 6.80/month.
With such wages, coupled with notorious Indian working conditions, its begging for a workers' riot. Lol...
2) Due to the obscene Indian government tariffs on Chinese imports. Iphones made in China is too expensive for the average Indians. Apple only holds a 3% market share in the Indian smartphone market.
3) So to noone's surprise, IPhone sets up a factory in India for the Indian market. To bring prices down for iPhones in India and grab a bigger market share. Nothing of the 'moving manufacturing from China to India' that the Indian media and the govt likes to boast about. What a load of crap! Lol.. Because this crap is nothing new at all! MNCs have been manufacturing stuff in India exclusively for India because of their idiotic import tariffs for decades already! So this fantasy of India grabbing manufacturing from China is unsurprisingly, a fantasy!
4) Now that production of iPhones is suspended in India. Apple now wants to send auditors to Covid-19 ridden India to 'investigate'. Lol...
Basically this whole iPhone story in India is nothing new. These are the old friends of India:
1) Ridiculous import tariffs to extort foreign firms into manufacturing into India.
2) Using the so-called 'big Indian market' as bait. Companies like GM gobbled up that bait, and failed miserably in India. Apple is just starting to get a feel of what GM had went through.
3) Ridiculous labour policies. Wages not being honored. Pays so low, it would be considered slavery in many parts of the world.
4) Worker riots. Even farmers are rioting! Is this a new thing in India? Lol...
India's economy was ahead of China's in 1980. Its now 5x smaller than China's economy. Everyone knows what India's problems are except for India itself. Lol.. This is not a country on a trajectory to overtake China. This is a country on the way to becoming a basket case of Asia!
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