India's trade deficit with China crosses USD 100 bn in first 9-months

[Sam6536]

https://www.reuters.com/business/retail-consumer/bytedance-alibaba-tencent-place-over-35-billion-worth-nvidia-chip-orders-2026-10-20/

I just came across this article. That's a shit ton of money for Nvidia to be honest.

Almost another reason for them to **** over the consumer segment and phase out 5090s.

 

[ety]

You need to start from somewhere even from 0. India with 1.5 billion people has great potential. India gets technology and money from the West. Which country has that? What it needs is discipline. Plus the will to get rid from Chinese strangulation. Nothing more. Vietnamese companies have high hope on India. I myself think India is not a hopeless case unlike hundred other countries.

Lol, which Western countries going to supply tech to India, the West themselves dont have the tech anymore. Otherwise, they would have done already, they have been saying that for decades. Plus, US vice secretary of State has said publicly in India that US doesnt want to see India develop into another manufacturing powerhouse like China that will challenge US, so dont expect help from US anymore, they can dash away their hope now. Only China has the complete set of industries in all categories as classified by UN. Yeah, US and China are likely to cooperate in this matter, China doesnt trust India and so is US now. Good luck to you people.

 

[retaxis]

Lol, which Western countries going to supply tech to India, the West themselves dont have the tech anymore. Otherwise, they would have done already, they have been saying that for decades. Plus, US vice secretary of State has said publicly in India that US doesnt want to see India develop into another manufacturing powerhouse like China that will challenge US, so dont expect help from US anymore, they can dash away their hope now. Only China has the complete set of industries in all categories as classified by UN. Yeah, US and China are likely to cooperate in this matter, China doesnt trust India and so is US now. Good luck to you people.

He doesn't know the history and incompetence of India. Just look at their jet fighter program and how they do not dominate in any sector of technology...ever.

 

[MH.Yang]

Poor work ethics , very corrupt and inefficient bureaucracy....on top of that archaic laws that are unfriendly towards businesses.

Corruption can only be restricted by institutions and cannot rely on personal morality. The power without institutional balance will corrupt everyone, even if they are originally of high moral character.

Let me give you an example. There is a CCP member named Liu Qingshan, whose character has been tested during wartime. During the Long March of CCP, he once took off his cotton jacket and left it by the roadside waiting for death after being seriously injured (this is a tradition of CCP party members during wartime. At that time, if CCP members believed they were about to die, they would take off their clothes and leave them for other living comrades to use before death, in order to avoid their clothes being unable to be completely taken off after the body stiffened). He also sold all his property for combat, and he had more than 20 gunshot wounds on his body. His character and morality passed countless tests in war. After the war ended, he was appointed as the mayor of Shijiazhuang city. But power quickly corroded him. In 1951, he embezzled disaster relief funds. In 1952, he was executed for corruption.

So all corruption issues are actually institutional and power structure issues, rather than moral issues. The system and power structure remain unchanged, and even replace with a group of officials, they will still engage in corruption.

 

[ety]

Corruption can only be restricted by institutions and cannot rely on personal morality. The power without institutional balance will corrupt everyone, even if they are originally of high moral character.

Let me give you an example. There is a CCP member named Liu Qingshan, whose character has been tested during wartime. During the Long March of CCP, he once took off his cotton jacket and left it by the roadside waiting for death after being seriously injured (this is a tradition of CCP party members during wartime. At that time, if CCP members believed they were about to die, they would take off their clothes and leave them for other living comrades to use before death, in order to avoid their clothes being unable to be completely taken off after the body stiffened). He also sold all his property for combat, and he had more than 20 gunshot wounds on his body. His character and morality passed countless tests in war. After the war ended, he was appointed as the mayor of Shijiazhuang city. But power quickly corroded him. In 1951, he embezzled disaster relief funds. In 1952, he was executed for corruption.

So all corruption issues are actually institutional and power structure issues, rather than moral issues. The system and power structure remain unchanged, and even replace with a group of officials, they will still engage in corruption.

Current Chinese political system also needs reform to have more responsible, responsive and effective institutions such as watchdogs of officials at the national level and also local levels not only the CPC disciplinary against the corruptions in China. After a decade of anti-corruptions campaign by Xi, it's still serious.

 

[MH.Yang]

Current Chinese political system also needs reform to have more responsible, responsive and effective institutions such as watchdogs of officials at the national level and also local levels not only the CPC disciplinary against the corruptions in China. After a decade of anti-corruptions campaign by Xi, it's still serious.

There is no perfect system or power structure, only continuous improvement, constant trial and error, and continuous learning from the strengths of other systems; this is the only way for to survive. We always need reform, and failing to reform is a dead end.

 

[ety]

You need to start from somewhere even from 0. India with 1.5 billion people has great potential. India gets technology and money from the West. Which country has that? What it needs is discipline. Plus the will to get rid from Chinese strangulation. Nothing more. Vietnamese companies have high hope on India. I myself think India is not a hopeless case unlike hundred other countries.

 

[Viet]

This guy is behind the curve. we had replace China, not working, then coming China+1, probably working, what tomorrow we don’t know. Too early to tell. AI can change the game.

 

[roger]

Latest FY26 data shows it has hit 2030 targets 4 years early, both in manufacturing and tech.

1. INDIA AS MANUFACTURING HUB - Latest FY26

*12 years of Make in India - Sept 2026 update:*

- *Growth accelerating:* Manufacturing GVA at constant prices CAGR *10.88% between 2022-23 to 2025-26*. In Aug 2026, IIP manufacturing grew *9% YoY*, 3rd straight month >8% growth. IIP Apr-July 2026: +7%.
- *Share still low:* Manufacturing contributes 16-17% of GDP, employs 27M, but share of GVA only edged from 14.7% to 14.8% - growth is real but not yet dominant.
- *PLI impact:* As of March 2026, PLI across 14 sectors attracted *₹2.40 lakh crore investment, generated ₹22.66 lakh crore production*.
- *Capacity utilization:* ∼75% in Q3 FY26, record high sentiment - 91% of manufacturers reported higher/unchanged production.
- *Merchandise exports:* July 2026 - *$44.24B vs $36.98B YoY*. c5483b7438e64836d9bf

*Sectoral wins:*

- *Electronics:* Production 7x from ₹1.9 lakh Cr (2014-15) to *₹13.11 lakh Cr (2025-26)* - up 15.8% YoY in FY26.
- *Mobiles:* 33x from ₹18,000 Cr to *₹6.27 lakh Cr*, India now *world's 2nd largest mobile manufacturer by volume*.
- *Fastest growing in Aug 2026:* Electrical equipment +30.9%, other transport equipment +25.3%, motor vehicles +25.2%, computers/electronics/optical +19.3%.
- *Defence, Steel, Pharma, Railways* - now world-class and export-oriented. New focus: semiconductors, rare-earth, industrial machinery. c54838e63b74

*Latest Trend - From Capacity to Capability:*
Economists note GVA per rupee of fixed capital recovered from 41 paise in 2019-20 to *53 paise in 2024-25* - factories getting more efficient. Government now pushing Make in India 2.0 covering 27 sectors (15 mfg + 12 services). 4836

2. INDIA AS TECHNOLOGY HUB - Latest FY26

*A. Global Capability Centers (GCCs) - The biggest shift:*

- *Revenue: $98.4 Billion in FY26*, level that was forecast for 2030. Nasscom + Zinnov report says India hit 2030 target 4 years early.
- *Scale: 2,117 GCCs, 2.36 million talent* in FY26, nearing 2030 projection of 2,100-2,200 centres.
- *FY26 alone added 100+ new GCCs* including Anthropic, Eli Lilly, FedEx, Marriott, Lufthansa.
- *What they do:* Not back-office anymore. JPMorgan Chase, McDonald's, Nvidia using India for finance, software dev, R&D. Trend driven by higher US visa costs, AI disruption, and tax incentives. 51a2

*B. Overall Tech Industry:*

- *Size: $315 Billion in FY26E*, growth 6.1% vs 5.9% FY25.
- *AI revenue: $10-12 Billion*. TCS $1.8B, Infosys 5.5% revenue from AI. 85% of top 25 providers now have agentic AI platforms.
- *Employment: ∼6 million direct*, +135,000 net in FY26 (+2.3%) - revenue decoupling from hiring due to AI.
- *IT spend inside India: $176.3 Billion in 2026*, +10.6% YoY. Data centre systems fastest: +20.5% to $9.38B. ed6b8ba5f8ea

*C. Infrastructure & Innovation:*

- *Data Centers:* Capacity *1.6 GW (June 2026) -> 6 GW by 2029*, needs $110B investment. H1 2026 absorption 101 MW, vacancy record low 2.8%.
- *Innovation Rank:* Global Innovation Index *81st in 2015 -> 38th in 2025*. Patent filings: 6th globally, >1 lakh/year.
- *Startups:* From 350-400 in 2014 to *>2 lakh in 2026*, 3rd largest ecosystem globally, 89% using AI.
- *Deep Tech:* 38 supercomputers (47 petaflops), Biotech $190B, National Quantum Mission ₹6,003 Cr, IndiaAI Mission ₹10,300 Cr. 2bee776a

*Latest Trends for 2026-27:*

1. *H-1B reversal:* US H-1B approvals for top Indian firms down from 18,469 to 11,041 - work moving to India instead of talent moving to US.
2. *Outcome-based contracts:* Moving away from FTE billing to outcome/risk-sharing models.
3. *Phygital & ER&D:* Global ER&D spend $2.5T by 2030 - India positioning as full-stack product owner, not just service provider.
4. *Data localization:* DPDP Rules 2025 forcing data residency - driving data center boom. db8b

 

[roger]

The roots are being planted and next 5 years will see the results. Chinese folks needs to remember they were once world famous as drugged and useless people . Once money flows and progress happens, the perception changed. Chinese guys should remember India was their destination for learning before Christ was born. The world got to know the Country China / it's name from India. Every country goes through it's cycle of up and down. India has gone through it's cycle of depth and will again reach its heights.

 

[Thinking_Hard]

This guy is behind the curve. we had replace China, not working, then coming China+1, probably working, what tomorrow we don’t know. Too early to tell. AI can change the game.

Nothing can replace China,tommorow is far more accurate. 20 years down the line, ..

World is never static. Might as well cheer for Rome.

 

[ety]

The roots are being planted and next 5 years will see the results. Chinese folks needs to remember they were once world famous as drugged and useless people . Once money flows and progress happens, the perception changed. Chinese guys should remember India was their destination for learning before Christ was born. The world got to know the Country China / it's name from India. Every country goes through it's cycle of up and down. India has gone through it's cycle of depth and will again reach its heights.

Nonsense, few discontented monks went to the subcontinent to learn about Buddhism didnt mean India was the centre destination for learning for Chinese in the vast sphere of knowledge. Buddhism was contributing negatively overall to Chinese civilization over thousand years, its sick ideas contributed greatly to the decay of Chinese civilization and thats why modern China mostly get rid of it. Besides, it was a Nepalese not Indian created Buddhism. You Indians not only were useless but also harmful to the world a little more than hundred of years ago, they were slaves to the British to grow and produce opium and then ship them to China to drug Chinese population, a partner in crime. So, stop this nonsense feeling of being superior to Chinese historically. It has been always a cesspool. What you have shortcomings today then try to make up in history, lol.

 

[retaxis]

Nonsense, few discontented monks went to the subcontinent to learn about Buddhism didnt mean India was the centre destination for learning for Chinese in the vast sphere of knowledge. Buddhism was contributing negatively overall to Chinese civilization over thousand years, its sick ideas contributed greatly to the decay of Chinese civilization and thats why modern China mostly get rid of it. Besides, it was a Nepalese not Indian created Buddhism. You Indians not only were useless but also harmful to the world a little more than hundred of years ago, they were slaves to the British to grow and produce opium and then ship them to China to drug Chinese population, a partner in crime. So, stop this nonsense feeling of being superior to Chinese historically. It has been always a cesspool. What you have shortcomings today then try to make up in history, lol.

We will put more sanctions on medium to high end tech on india like the boreing machines but that won't stop indians from buying more and more chinese goods.

Without chinese products like cheaper phones etc, Indians would never even have mobile phones since they can't afford apple or samsung. They should be thanking china for increasing their quality of life.

All we ask is for indians to stop trying to migrate to china, stay in your own country and build it up and clean it up.

 

[ety]

We will put more sanctions on medium to high end tech on india like the boreing machines but that won't stop indians from buying more and more chinese goods.

Without chinese products like cheaper phones etc, Indians would never even have mobile phones since they can't afford apple or samsung. They should be thanking china for increasing their quality of life.

All we ask is for indians to stop trying to migrate to china, stay in your own country and build it up and clean it up.

China should increase the prices of its products so to make more profits and shut up the mouths of those China bashers.