India Economy Thread
- Thread starter indushek
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But let that not stop you from quoting a "youtuber" as all knowing expert on everything!
r3alist
Elite Member
I was less concerned with the video, more the article. I have not watched it
But it caught your eye, weirdly
SoulSpokesman
Trusted Member
@r3alist bro
I do think eventually china will end up investing more in India, opportunity is opening
Yes, they will if the GOI permits such investment. And the GoI will eventually come around.
But we need to be very clear about what is the endgame. Chinese investment will certainly create some employment opportunities, some local value addition, some transfer of skills (wittingly or otherwise). But the brand and the IP will remain with the Chinese.
The question is are we OK with that. Will IND remain content to be a consumer of tech? Or will at some stage seek to be an innovator? There are costs (explicit or implicit) and benefits of each strategy. There perhaps will be no single one size fits all answer. In some industries (like in 2 wheelers) domestic tech and brands will develop, in others we will remain passive consumers.
Take for eg your own country. PRC has invested almost USD 60 billion in your country through CPEC. Has it really done any good to PAK? Your rooftop solar story has globally attracted attention (and rightly so) but will you guys ever produce your own cells, wafers or ingots let alone develop your own solar tech (modules which is screwdrivergiri is another story). The answer at this moment is No for sure.
Regards
I do think eventually china will end up investing more in India, opportunity is opening
Yes, they will if the GOI permits such investment. And the GoI will eventually come around.
But we need to be very clear about what is the endgame. Chinese investment will certainly create some employment opportunities, some local value addition, some transfer of skills (wittingly or otherwise). But the brand and the IP will remain with the Chinese.
The question is are we OK with that. Will IND remain content to be a consumer of tech? Or will at some stage seek to be an innovator? There are costs (explicit or implicit) and benefits of each strategy. There perhaps will be no single one size fits all answer. In some industries (like in 2 wheelers) domestic tech and brands will develop, in others we will remain passive consumers.
Take for eg your own country. PRC has invested almost USD 60 billion in your country through CPEC. Has it really done any good to PAK? Your rooftop solar story has globally attracted attention (and rightly so) but will you guys ever produce your own cells, wafers or ingots let alone develop your own solar tech (modules which is screwdrivergiri is another story). The answer at this moment is No for sure.
Regards
r3alist
Elite Member
These are great points, I would submit Pakistan should get into the game of doing something asap, cpec was never just an economic investment, it was a military and sovereignty play as much as anything else.
With your perspective the problem is the world doesn't stand still, and china is the best right now for quick scale, but this is a prime example of geopolitics colliding with economics, for a country like India this will happen often, multi aligned means potentially lukewarm or not aligned enough and therefore a target, for a country the size of India.
SoulSpokesman
Trusted Member
@r3alist bro
cpec was never just an economic investment, it was a military and sovereignty play as much as anything else.
I would rephrase it as "CPEC was just a military and sovereignty play and never an economic investment".
The CPEC investments have given PRC an incentive to ensure PAK doesn't go down under. But there has been a huge cost and that has been paid largely by the Pakistani citizenry.
for a country like India this will happen often, multi aligned means potentially lukewarm or not aligned enough and therefore a target,
Yes, that is what it is.
Regards
cpec was never just an economic investment, it was a military and sovereignty play as much as anything else.
I would rephrase it as "CPEC was just a military and sovereignty play and never an economic investment".
The CPEC investments have given PRC an incentive to ensure PAK doesn't go down under. But there has been a huge cost and that has been paid largely by the Pakistani citizenry.
for a country like India this will happen often, multi aligned means potentially lukewarm or not aligned enough and therefore a target,
Yes, that is what it is.
Regards
Article was hard to read (also not in your face) and it was full of clichés like "tariff", lack of research, "Indians fleeing India" or "market crashing".. blah blah blah. There are some good facts too but those are known issues. Yes, India is full of problem and that is why it must tackle them through solid reforms. Are you saying that growing economies don't face challenges? How depressing must entire neighborhood of India must look to you then!
r3alist
Elite Member
True, but there is the whole digital corridor and footprint in the region that has value, as well as inherent stakes in Pakistan which the Chinese will want to have in some way, luckily for Pakistan
It should have economic fruit, that's on Pakistan, but even the downside case makes sense for Chinese, I don't exactly know what is being repaid and how much, if anything, the pa can offset economic with the military in some way I am sure, the geopolitical is not far removed from the economic in certain contexts, especially poorer nations
CallSignMaverick
Registered Member
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Vikramaditya1
Trusted Member
Another "Tonbo imaging" moment. Just like Indian Army finding out NATO uses Bangaluru based company made scopes, ISRO is going on to find this out some time later.
SoulSpokesman
Trusted Member
CallSignMaverick
Registered Member
Nope PTC is well known and involved within our MIC. They recently opened a big plant near new BrahMos production line in Lucknow.
Vikramaditya1
Trusted Member
Babus have to their kids in Amrikaa. Stryker deal must be done
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