This is a supa-pawa perceived winning streak. You'll have to give them that, they have a over-positive mindset.
Indian Economics thread.
- Thread starter styx
- Start date
- Status
This is a supa-pawa perceived winning streak. You'll have to give them that, they have a over-positive mindset.
It's fine they say they don't wanna be slave labor anyway
Obviously a Chinese conspiracy to sow discord between QUAD partners.
Riot threatens to derail Wistron, Apple and India plans
The riot at Wistron's plant in India has done disservices not only to the Taiwanese ODM, but also to its client Apple - which has been keen to move some production of its devices out of China - and to the Indian government, which has been keen on soliciting investments from foreign companies.
With office equipment and production lines at the plant damaged by rioters and reportedly a few thousand iPhones stolen, local media had estimated losses of up to NT$1.6 billion for the Taiwan-based ODM, who has clarified that the actual damage was only around NT$100-200 million.
But the damage will be much more than only that monetary sum. It has tarnished Wistron's reputation - the trigger to the riot being allegations that the company was underpaying its workers. And Apple reportedly has already suspended new orders for Wistron.
Wistron actually has already been providing services in India for over 10 years and its plants have also been operating there for five years. Wistron has another two plants in India, apart from the damaged one, which has been making iPhone SE.
Apple has only recently begun production of iPhones in India, and the incident could be a setback to the vendor's plan to diversify production out of China.
And again Apple is finding itself under the scrutiny of labor right groups.
The incident could deter potential investors from India, whose government has been on a keen campaign to turn itself into a major IT hub.
The riot at Wistron's plant in India has done disservices not only to the Taiwanese ODM, but also to its client Apple - which has been keen to move some production of its devices out of China - and to the Indian government, which has been keen on soliciting investments from foreign companies.
With office equipment and production lines at the plant damaged by rioters and reportedly a few thousand iPhones stolen, local media had estimated losses of up to NT$1.6 billion for the Taiwan-based ODM, who has clarified that the actual damage was only around NT$100-200 million.
But the damage will be much more than only that monetary sum. It has tarnished Wistron's reputation - the trigger to the riot being allegations that the company was underpaying its workers. And Apple reportedly has already suspended new orders for Wistron.
Wistron actually has already been providing services in India for over 10 years and its plants have also been operating there for five years. Wistron has another two plants in India, apart from the damaged one, which has been making iPhone SE.
Apple has only recently begun production of iPhones in India, and the incident could be a setback to the vendor's plan to diversify production out of China.
And again Apple is finding itself under the scrutiny of labor right groups.
The incident could deter potential investors from India, whose government has been on a keen campaign to turn itself into a major IT hub.
So Honda built 2 factories in India with combined production capacity of 280,000 cars a year. But in 2019 total annual production is around 98000 cars. That's not even half the invested production capacity. For any serious business, this is serious underperformance. I think Honda closing 1 plant in India is more about this than about Covid-19. Why have 2 factories when their combined output is less than having just 1 factory?
This speaks very poorly of Indian productivity. To have production facilities in India performing at less than half of their production capacity is truly a laughing matter. Put those factories in China, and they would overperform. Over the next year, they would be planning about increasing production capacity. That is why foreign factories in China can produce enough for exports outside of China, while foreign factories in India can only produce for the domestic market.
India is proving yet again to be a failed alternative to China. Not only is manufacturing in India far less productive than it is in China. Its perhaps even less productive than in Japan, and Vietnam. The so-called 'big Indian market' has failed to deliver its promise of matching the Chinese market. India likes to boast about having the 'biggest middle class in the world'. Really? Where is that 'middle class'? I certainly don't see it. Some economic truths don't seem to agree:
1) Apple iPhones only account for 3% of the Indian smartphone market.
2) Tourism is a good indicator of the spending power of the 'middle class'. China is the country that contributes the most in international tourism in 2019 at USD 254.6 bil. India's contribution to international tourism in 2019 can't even make it into the list.
3) India's GDP per-capita in 2018 is USD 2009.98 compared to China's: USD 9770.85
If India truly has a middle class, I say they are poor by international standards, because they are barely creating any presence in the international market. So much for India overtaking China!
I don’t think anyone can govern India, thats why the West gives it the pep talk and never considers it a threat
It needs to be broken up according to language
Hey, we're perpetuating this myth that India can be governed in our own small way. After all, the very title of the thread - "Indian Economics Thread" - presupposes that (A) there is such a thing as "India" and (B) that it has something that merits being called an economy. That's a lot of assumption.
Persecution and the marginalization of Muslims in India is an attempt to form a more cohesive nation. 10 Million Muslims are under lockdown in Kashmir.
idk why the brits thought it was a good idea to just make it muslim vs non muslim when divisions are much more diverse
- Status