India Economy Thread

ST1976 said:
@Guru Dutt
@Yommie

As above post, how match countries in World match India, whose 'Outward' FDI is more than Inward FDI like India? 🕳️

How much we invest in other countries, as compared to what we get from others? 🙂
🇮🇳
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India's outward FDI in June swells to $5 billion, shows RBI data​

India’s outward foreign direct investment (FDI) in June grew to $5.03 billion on a year-on-year basis, up from $2.9 billion in the same month last year.

 
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Lot of Korean and Taiwanese investments coming in

India has many "enemies". Babus, judiciary and local private players are just the few. Our rent seeking "corporations" invest little, do zero research, import from China and assemble while saving billions of dollars..

We need new breeds of entrepreneurs. We must destroy these Tatas and Ambanis.
 
Thinking said:
We need new breeds of entrepreneurs. We must destroy these Tatas and Ambanis.
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Not really but humiliate and force their hand. Government could step in as well. They already force them to spend on CSR, so government can force them for R&D x% of R and D for tax benefits.
 
Vikramaditya1 said:
Not really but humiliate and force their hand. Government could step in as well. They already force them to spend on CSR, so government can force them for R&D x% of R and D for tax benefits.
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Remove red tape the way it was for IT in terms of labour laws etc
 
I like how Reliance babus were humiliated by a tiny corporation in China for their R&D. Lmao.
Adani >>>> Ambani
Heck even Bhawesh >>>> Ambani
 
vasanthm said:
Remove red tape the way it was for IT in terms of labour laws etc
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Big corporations don't really bother about labour laws. They see it as a guiding principle.

My company had labour department call 4 times last year about not registering our company in their record despite we clearly telling them all 6 employees are founders and it's within 10 person limit for registering.
 
Vikramaditya1 said:
I like how Reliance babus were humiliated by a tiny corporation in China for their R&D. Lmao.
Adani >>>> Ambani
Heck even Bhawesh >>>> Ambani
Click to expand...


Hell, even zomato guy is doing actual technical work. Ambanis were busy buying "juice business" last year.
 
vasanthm said:
Remove red tape the way it was for IT in terms of labour laws etc
Click to expand...


You realize just how bad these "IT firms" are, right? Utter trash. What has infy done with all that "earning"? Nothing. Same with TCS, Wipro, HCL etc..
 
Thinking said:
You realize just how bad these "IT firms" are, right? Utter trash. What has infy done with all that "earning"? Nothing. Same with TCS, Wipro, HCL etc..
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As long as they provide good well paying jobs it's all good in my books
 
Thinking said:
You realize just how bad these "IT firms" are, right? Utter trash. What has infy done with all that "earning"? Nothing. Same with TCS, Wipro, HCL etc..
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I get it. But their primary purpose is generating revenue easily. Risk taking is something we never do. We study to get a job. We need job not create wealth. So these IT companies like Infosys, TCS, Tech Mahindra are all job seekers basically, doing a job for a big corporation for a pay. We created an entire industry of doing jobs.
 
vasanthm said:
As long as they provide good well paying jobs it's all good in my books
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So do Ambanis. And nation suffers due to such short sightedness. Look at H1B mess. See why India can't cut a deal with US. It has zero leverage. We build nothing of value.
 
Vikramaditya1 said:
I get it. But their primary purpose is generating revenue easily. Risk taking is something we never do. We study to get a job. We need job not create wealth. So these IT companies like Infosys, TCS, Tech Mahindra are all job seekers basically, doing a job for a big corporation for a pay. We created an entire industry of doing jobs.
Click to expand...

Now thanks to rise of right wing, AI and Trump, their time has come. Look at their books. Bad quarter after bad quarter. No doubt these "mighty software companies" are hoping for a miracle or a newer market!

Such shortsighted thinking is primary reason we are too dependent on America for all our digital content. There was some talk about tariffing digital service (US has a surplus) but there are no substitutes.

As long as Indians act Indian, we will not amount to much.
 
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