India Economy Thread

@Thinking

lots of cheap oil and gas deal in future.

An FTA with GCC would be good of course but not sure that GCC countries would sell oil to us at below market rates. Our Pakistani friends won't like it though.

@r3alist bro

H1bs are out, jobs in India are in

Not sure which is better but as long as jobs are transferred from white US/Europe to Indians (whether NRI or domestic) it is much welcome. Let's hope in the long run most, if not all white-collar jobs in the West are transferred to India/ethnic Indians.

Regards
 
vasanthm said:
I had mentioned this many pages ago, though I was made fun of. You don’t need deep expertise to see where H1B policies eventually lead, even basic business logic points in this direction.

In the long run, it’s actually multiple times better for India when these jobs come here, rather than just sending individuals to work abroad.
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I think more are coming.
 
@vasanthm @r3alist

In the long run, it’s actually multiple times better for India when these jobs come here,

Yes, but what we should aspire for in the long run is our own IP, where the best Indian minds would work for a global wage in India for Indian companies for the global market.

Regards
 
SoulSpokesman said:
Yes, but what we should aspire for in the long run is our own IP
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You would need to start having your own competitors as Indian companies, but you are right, at this stage the workforce is surely ready to do this meaningfully but it would rock the boat
 
@r3alist

As we discussed sometime back our seths (both industrialists as well as homegrown VCs) are unwilling to take risks; and the system is incapable of supporting them. Nonetheless, a few green shoots are there.

Regards
 
SoulSpokesman said:
@r3alist

As we discussed sometime back our seths (both industrialists as well as homegrown VCs) are unwilling to take risks; and the system is incapable of supporting them. Nonetheless, a few green shoots are there.

Regards
Click to expand...
The risk would be competing with us firms, once you are a competitor

Right now the benefits from offshore hiring accrue to us company balance sheets.
 
@r3alist bro

The risk would be competing with us firms, once you are a competitor
Right now the benefits from offshore hiring accrue to us company balance sheets.

Yes, of course. There is a lot of easy money to be made by being labour contractors (that is what most of our "tech" companies) to Western majors. To become an original player, you will have to get out of that comfort zone.

Interestingly, Infosys had the option of being an early investor in Open AI but that would have required them to cough up US$ 1 billion upfront with no guarantee. The then CEO couldn't convince Narayana Murthy and the offer was passed up. Had they done so, their stake would be reportedly worth over USD 45 billion.

Regards
 
hydrabadi_arab said:
View attachment 176731

Looks like Modi era ballooning debt servicing will soon start to sting
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Unlikely, you see the capex outlay? Record ₹12 Lakh Crores that's the government essentially creating long term assets. The debt will not be a problem as long as we grow 10.2% nominal.
 
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Yayy!
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SoulSpokesman said:
@r3alist bro

The risk would be competing with us firms, once you are a competitor
Right now the benefits from offshore hiring accrue to us company balance sheets.

Yes, of course. There is a lot of easy money to be made by being labour contractors (that is what most of our "tech" companies) to Western majors. To become an original player, you will have to get out of that comfort zone.

Interestingly, Infosys had the option of being an early investor in Open AI but that would have required them to cough up US$ 1 billion upfront with no guarantee. The then CEO couldn't convince Narayana Murthy and the offer was passed up. Had they done so, their stake would be reportedly worth over USD 45 billion.

Regards
Click to expand...
Mr Murthy hopes for his workers to work long days 18 hour days

Yes that's a missed opportunity, well actually how much is open AI even worth.
 
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