Remember that India just has a per capita GDP of $2000. Still, there are some interesting Indian start-ups.
I think India's tech ecosystem is where China's was in 2005-2010. We won't see the fruition of these until the mid-to-late 2020s.
Indian Economics thread.
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Remember that India just has a per capita GDP of $2000. Still, there are some interesting Indian start-ups.
I think India's tech ecosystem is where China's was in 2005-2010. We won't see the fruition of these until the mid-to-late 2020s.
But the big difference between China and India is that India doesn't have the tools for cyber sovereignty. I will bet that in the 2020s those startups will be gobbled up by American big tech of us big tech supported Indian tech.
They never had a demographic dividend, any "dividend" was just bollywood bullshit, the reality is a demographic disaster. Likewise are all the assumptions and boasts of high tech, another round of bollywood bullshit, the reality is that Business Process Outsourcing is basically excel spreadsheet management and data entry "engineering", ask them to do proper coding, they'll fckk it up royally...
In the article it claims Many of them were overqualified - aspirants, according to one , included post-graduates, engineers, MBAs. Completely laughable... as Chinese grade-school kids can outdo these "overqualified" Indian engineers and MBAs in maths any day of the week....
Their demographic disaster...
This is a major issue. India is being economically colonised by the US in exchange for closer military ties to counter the non-existent "Chinese threat". I view this as a major mistake. India will find that once America has its clutches deep into its economic and political life, it will not let go.
India could have had it both ways. They could have got Chinese investment into their infrastructure and provided services to the US.
Instead they chose this approach will be quite likely a major failure and will lead to India's continued economic underperformance.
Instead they chose this approach will be quite likely a major failure and will lead to India's continued economic underperformance.
Behind the rosy stories of India "growing" and becoming a superpower
Mind you, this not just plain poverty, we are talking about extreme poverty. There is a world of difference between these 2 economic conditions.
46 million Indians have fallen into extreme poverty.
Mind you, this not just plain poverty, we are talking about extreme poverty. There is a world of difference between these 2 economic conditions.
India's per capita GDP is on track to exceed the pre-Covid level this year. But the recovery is "K-shaped", meaning that the rich are doing better than ever and the poor worse.
Ultimately, the old curse for India is that their economic model was always top-heavy. IT, pharma and finance. Jobs for the small, educated elite. China chose a "mass manufacturing" strategy and only worried about the high-end after many decades.
We can clearly see which strategy was the winning one.
Ultimately, the old curse for India is that their economic model was always top-heavy. IT, pharma and finance. Jobs for the small, educated elite. China chose a "mass manufacturing" strategy and only worried about the high-end after many decades.
We can clearly see which strategy was the winning one.
Indians are trying to leave India like it's a natural disaster zone. It's pretty insane how desperate they seem to leave, for a supposed "democracy" which people are supposed to be desperate to be in.
Those who tout India as the next China tend to omit one key factor - the big gap in education between the two countries. China has a way better education system in both depth and breadth than that of India.
In higher education, China leaves India behind by a large distance. In these popular rankings, not only there are more Chinese universities ranked at the top, their ratings are way ahead of the Indian ones:
The Chinese universities are doing even better in subject ratings, according to:
We don't even need to bring up the embarassingly low literacy rate of India.
Viet Nam is another hot pick by some as the contender for the next economical powerhouse. It has much higher literacy rate than India, even close to China's. However the Vietnamese universities are doing much worse in ratings and the number of graduates annually. The country still has much to catch up in both quality and quantity in higher education.
In higher education, China leaves India behind by a large distance. In these popular rankings, not only there are more Chinese universities ranked at the top, their ratings are way ahead of the Indian ones:
The Chinese universities are doing even better in subject ratings, according to:
We don't even need to bring up the embarassingly low literacy rate of India.
Viet Nam is another hot pick by some as the contender for the next economical powerhouse. It has much higher literacy rate than India, even close to China's. However the Vietnamese universities are doing much worse in ratings and the number of graduates annually. The country still has much to catch up in both quality and quantity in higher education.
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