India Economy Thread

[hydrabadi_arab]

another bomb dropped on India

"Breaking: US government suspends Indian firms Tata, Infosys, Wipro, HCL, Capgemini and Cognizant from sponsoring most foreign workers for green cards"

 

[D00D00]

India’s economy is already around $10 trillion if measured at the 2011 exchange rate, when the US dollar was around ₹44.

Indian government has allowed the rupee to depreciate over time, which is one reason India’s nominal GDP appears smaller in dollar terms, even as exports are expected to cross the $1 trillion mark this year.

nominal GDP figure can be misleading if you want to assess the overall financial and economic strength of a country. It is better to also look at foreign-exchange reserves, total exports and imports, domestic consumption, industrial production, air passenger traffic and vehicle sales.

Don’t read too much into nominal GDP alone. A depreciating currency can make a country’s economy look smaller in dollar terms even when its real economic activity is much larger. Just look at India’s air passenger traffic and passenger-car sales, the current $4.6 trillion nominal GDP figure can look like a significant understatement of the scale of the economy.

$10 trillion isn't $30 trillion.

 

[hydrabadi_arab]

Tone deaf as expected. "Cheap H1B Indian coolie workers increase wealth of American shareholders." Then you wonder why such society still have caste system to this day.

 

[Vikramaditya1]

Tone deaf as expected. "Cheap H1B Indian coolie workers increase wealth of American shareholders." Then you wonder why such society still have caste system to this day.

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Indian government is hardly bothered by US electoral politics and the antics that follows. Tata et al don't even have more than 10 PERM. The whole thing is just hogwash by American politicians to rally the retarded groypers for midterm as things are not looking so great.

 

[hydrabadi_arab]

The meltdown in India over H1b is funny. Considering H1b visa isn't India specific, it only proves rampant abuse and visa fraud by Indians.

 

[onlinpunit]

our neighbors raising their happiness index over less indians getting American Visa !

 

[samsite84]

our neighbors raising their happiness index over less indians getting American Visa !

I don't think Indians will get "less" visas, only the companies will shift and that too upwards to the right (better paying jobs). What folks don't understand is that there is a real need for outside workers in US and US has enough pull for bright, type A people. Indians in general are more hungry than many others and hence wiling to migrate.