unfortunately, India is only food self sufficient for a very flexible definition of 'food' and 'self sufficient'.Well it's a good lesson that's what you get for kissing ass and forgetting your heritage Besides fundamentals are strong for India it's a nuclear power, self sufficient food wise and has decent industry, fallout is manageable if push come to shove India has enough cards to spoil western gravy train as well
Sorry, I didn't get it. How does BRI serves as the green-painted rebar in the chive field that is preventing the US from cutting the chives?Can't get their initial investment money out of China, can't cut China's chive and are even having trouble cutting tiny chives because China's BRI is like sticking lengths of green painted rebar in the chive field.
Since the US hasThey're down to doing things like cannibalizing EU, Japan and South Korea.
How big of a magnitude would this be impacting India, in your opinion?Then you look at India, it's a big chive ripe for harvesting and it's got no BRI-Yuan connection to make the harvesting harder. Up to now they haven't done it because they figure they need India to counter China, but if they are disappointed with performance of India and see no hope for India to become an alternative to China then the next best thing is to cut down that chive asap and use it to plug the 31 trillion hole.
It looks increasingly likely coordinated campaigns aimed at destabilizing indian economy from your usual suspects the anglos, the question is what have india done to deserve it? Aren't they the anglos new poster boy, their meatshield and cannon fodder to be used against China?
Or has india refusal to backstab russia is not tolerated anymore?
this is not going to collapse India, but it will severely impact their growth for a few years. Adani group is heavily integrated into the Indian economy in areas ranging from real estate to software to oil/gas. This means that they impact multiple sectors, impact a wide range of the supply chain, and cause disruption to a wide range of customers.Since that's the case, realistically speaking, how far do you guys think that this debacle impacting Adani and the Indian economy would go? A major contraction of Adani businesses and operations, but Adani survives? Bankruptcy and collapse of Adani? The Indian economy getting a setback comparable to a major economic recession?
Right now, I'm just wishing that nobody would be able or willing to buy US treasury bonds like how China did during the 2008-2009 GFC.
What's funny is that India thought it was going to be China 2 lol
As I have said before the West will never ever allow a China 2 thing to happen again
I wonder if these coordinated attacks against Adani (and as an extension, the Indian economy) is actually serving as an indirect warning by Washington DC and London that New Delhi better tow their line WRT Russia than going against their wishes, rather than actually trying to kill off Adani and India's economy as a whole?
India is still a useful chesspiece for their ultimate confrontation against China, after all. Besides, I genuinely don't see how the Modi administration would let Adani collapse from this - Adani has gotten pretty intertwined with the Indian government and the Indian economy by this point.
Because China offers an alternative options in many things that didn't previously exist. Say there's a financial crisis, previously you're screwed and IMF will be at your door in no time telling you they can bail you out, but you have to commercialize your profitable government owned companies because SOE is communism and no good. And of course here are some American funds interested in buying up your SOE on the cheap. Also you need to open your markets to American companies regardless of what effect it will have on domestic industry because capitalism and free market baby.Sorry, I don't get it. How does BRI serves as the green-painted rebar in the chive field that is preventing the US from cutting the chives?
During a scheduled coffee break — according to the US official — the two economy chiefs retreated to one end of the room, accompanied only by translators who were largely unneeded due to Liu’s command of English. After some time, staff members asked the two if the formal session should restart. They were rebuffed, because the private conversation was going so well.
Later, when talks between the delegations reached the stage at which bones of contention were due to be aired, Yellen and Liu told the group that there was no need to do so — because they’d already addressed all the key issues. The Treasury official was unable to relate details about what had been said during the informal portion.