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Dishonesty about Indian technological development

I'm sorry. I am not really what they call a racist "sh*tkicker" as I treat these Indians with a lot of pity because of the sad conditions they come from.

:blah: :blah: :blah: Rather funny to see someone from a cesspit known as Bangladesh bashing India. There is little wonder why your LDC which needs foreign professionals to manage even low tech industries such as textiles.

This is from your own media....:lol: I treat these Kangladeshis with a lot of pity because of the sad conditions they come from.

Many Indian citizens are taking jobs in Bangladeshi through foreign companies, NGOs and other legal and illegal businesses. Bangladeshis generally do menial jobs in India and contribute to the economy through hard work in exchange for meagre wages, whereas most Indians are gainfully employed in attractive jobs in Bangladesh, earning handsomely and remitting millions of dollars to India.

http://www.thedailystar.net/controlling-remittance-outflow-to-india-58831

@Bombaywalla 'maid in Bangladesh' :-)

Global Competitiveness report paints a damning picture of the LDC swamp known as Bangladesh...which is ranked at a hopeless 106th, while India is ranked 39th.


zqT2fcg.jpg


And reason- of course, the is quality of education in BD....

http://www3.weforum.org/docs/GCR201...lobalCompetitivenessReport2016-2017_FINAL.pdf

Thanks @Nilgiri

Comparing BD, India, China, Turkey and USA to cover a regional and global spectrum (higher the score the better):

Education and Skills:

BD: 2.33 (rank 125)
IND: 3.25 (96)
CHN: 3.97 (74)
TUR: 3.95 (76)
USA: 5.82 (12)

Skills of Current Workforce:

BD: 2.18 (rank 130)
IND: 2.82 (104)
CHN: 3.56 (85)
TUR: 3.36 (92)
USA: 6.05 (5)

Skills of Future Workforce:

BD: 2.47 (rank 122) (Increase of 0.29)
IND: 3.67 (88) (Increase of 0.85)
CHN: 4.39 (58) (Increase of 0.83)
TUR: 4.53 (50) ( Increase of 1.17)
USA: 5.58 (18) (Decrease of 0.47)


There is little wonder why India was granted about 1700 times (3355) more patents in the US than them (2) in the last calendar year but these incompetent nincompoops are blabbering about 'quality of Indian college grads'.....:lol: They still can't get to the same level as Sub- Saharan Zambia in scientific output.

USPTO Number of Patents Granted as Distributed by Year of Patent Grant.

India 3355 (2015)
Bangladesh 2 (2015)


https://www.uspto.gov/web/offices/ac/ido/oeip/taf/cst_utl.htm

Bangladeshis are piss poor wherever they go.

New face of poverty? Brooklyn’s Bangladeshi community poorer than blacks and Latinos
 
Already being done by SCL Chandigarh for strategic applications (180 nm). Commercial ones are in the pipeline.

scl3.jpg


When will the Bhakt Bullsh*t ever stop? :sarcastic:

Commercial ones are 'in the pipeline'.

bd3a5d38cbbb5ef5c39c15c63810fb8970bedddf2122976517b75fb9725a7a2f.jpg


Research Chip Fabs for a few space projects are one thing, which the Chinese had way before India, but these facilities are expensive duds that don't produce anything worth selling in the consumer market. So they are again, DUDS.

And is this true, SCL Chandigarh closed down, or did it burn down?

http://www.business-standard.com/ar...-chip-plant-to-close-down-106022801095_1.html

Bhakts please read the following for some enlightenment, since you know so very (very!) little about what an actual chip fab does, from an actual ASICS DESIGNER from your own country. Very balanced opinion worth believing. And refuting the BS You all just posted.

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Why there are no integrated chip fabrication facilities in india?
the only one is in Mumbai IIT with inadequate facilities. The first one was in Chandigarh ,which got burnt, some people call it conspiracy. Manmohan singh took 20 years to create new semiconductor policy and still now there is only policy for one state Banglore.

14 ANSWERS

Vijayvithal Jahagirdar
, Designing ASIC's since 1999
Answered Feb 10

Quoting from, Semi industry fab costs limit industry growth | EE Times,
By 2020, current cost trends will lead to an average cost of between $15 billion and $20 billion for a leading-edge fab, according to the report. By 2016, the minimum capital expenditure budget needed to justify the building of a new fab will range from $8 billion to $10 billion for logic, $3.5 billion to $4.5 billion for DRAM and $6 billion to $7 billion for NAND flash, according to the report.

It is Expensive
Every company which wants to setup a fab in India wants the government to finance a significant portion of the fab cost. i.e. At current rates, the government should spend around Rs 70,000 Crores to get a fab at the current technology node.
The cost of doing an infrastructure project in India is at least twice that of rest of the world so the Fab cost will exceed 140,000 Crore.


Bureaucracy
There is a very small window in which a fab can win business. Once every 2–3 years companies on the leading technology edge move to the next technology node. If you want them to come to your fab instead of say GF, TSMC or Samsung you should be agile and be ready to target that window of 2–6 months where the foundry decision is being made… By the time to government appointed expert committee to recommend action based on the inputs from expert committee which was setup to review the financial feasibility of the proposal given by expert committee setup to check the technical feasibility report is available, this window would have closed.


Corruption
While setting up the fab your equipment has the tendency to get stuck in customs until certain “fees” are paid, all these can lead to loss of crucial ramp up time leading to loss of customer’s, penalties etc.

Political extortion
Even if the current government allowed you to setup the fab and facilitated everything, in a few years elections will be held and a new government sworn in, The concerned minister may call for a “review” of your project, its environment clearance, its compliance with various laws etc. If you fail to grease the right palms you might find that the fab is not compliant with some law or the other and needs to be shut down! (good luck spending the next 10 years fighting it out in the court…)

International laws
If you grease the right palms, and get your fab running you would have violated various international anti-corruption laws, So be ready to find your top management behind bars soon.

Summing it up
These are the reasons you would find that every 3–4 years some or the other company makes a hue and cry about coming to India but does not. The risk of setting up a capital intensive business in India is very high. These problems are generic, They are not only related to Fabs. Take a look at the MoU’s signed at the various “Investor meets” across the country in the past decade and check how many of them were actually executed, Take a look at the various industrial parks in India. Most of them are empty!
Look around at all the FDI that has entered India and you will find that almost all of them are “low capital, low risk” and in most of the case even the capital is taken on loan from Indian bank with the Indian operations assets built using this capital as surety

(OMG MY THOUGHTS EXACTLY: THIS GUY IS A GENIUS!!! - BILAL9)
  1. IT: Labor Intensive, Buildings are mostly leased, computers are leased, investment is in people, non people investment may at most be double the salary cost.
  2. Mining:Labor intensive, capital is used for trucks, earthmovers etc.
  3. FMCG: Cola, Chips, soaps etc.. cost of production and equipment is negligible, strength is in distribution and logistics.
  4. Fast Food: Franchise model, the outlets etc are owned by Indians, the brand owner takes a fees and a cut in profit for the use of his brand name and “consultation.
The reason you do not see Fab’s in India is the same reason you do not see any other multi-billion dollar capital investment in India.



MEH...more BS coming from a country that produces literally zero scientific output.

WE ARE NOT A COUNTRY OF 1.3 BILLION. We don't need to become China tomorrow. India on the other hand....:disagree:

Why fake everything all the friggin time? Sanghi rule book???:omghaha:
 
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Research Chip Fabs for a few space projects are one thing, which the Chinese had way before India, but these facilities are expensive duds that don't produce anything worth selling in the consumer market.

Did I ever say that these are for commercial market, you retard?

Already being done by SCL Chandigarh for strategic applications (180 nm)

WE ARE NOT A COUNTRY OF 1.3 BILLION.

You're a country of 160 million which was granted just two US patents a year, that is 1/220 th per capita of it's neighbour.

And still behind sub-saharan african countries in scientific output- so much for bragging... :rofl:
 
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Reported for name calling. @waz, @WAJsal, @Jungibaaz bhais.

Yawn...

Hey open air nature's call answerer
The sad story is that Southern Indian Tamil slaves

Commercial ones are 'in the pipeline'.

bd3a5d38cbbb5ef5c39c15c63810fb8970bedddf2122976517b75fb9725a7a2f.jpg

It'll happen before Walton's annual motorcycle sales cross 25,000 :lol:

http://www.business-standard.com/ar...plea-on-market-commitment-117050700470_1.html

Meanwhile, try beating Sub Saharan Zambia in scientific output...:-)

And is this true, SCL Chandigarh closed down, or did it burn down?

It is an article from 2006. How more stupid can you be ?

http://www.isro.gov.in/processor-launch-vehicle-application-realised-scl-wafer-fabrication-facility
 
The following article although three years old talks about why fakery and more importantly nationalist fakery has become so needed in today's India. A new 'superpawa' has to be fabricated by rewriting history even if it doesn't actually exist. Beautiful!!

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DECEMBER 11, 2014
The Myth of India as a Superpower

by IMTIAZ AKHTAR

The verdict of the world press is finally out: India, they say, is no longer a poor, despicable country as depicted by orientalist European cinema and novels but is now a superpower. To strengthen their argument, they show us India’s nuclear arsenal. If this does not suffice, they show us that the wealth of the 100 richest Indians has doubled or trebled. They go on recounting one after another feat to muster their points, including: the 2011 Cricket World Cup victory, India’s moon mission, the cellular industry’s phenomenal growth, the number of Indians who have won prizes in beauty pageants, and the growing popularity of Bollywood cinema in European countries. Things could not get better these days, with everything, from plastic surgery to quantum physics, being “proven” to have been discovered somehow by Indians thousands of years ago, as the whole world slept. The case has been solved beyond the shadow of a reasonable doubt. India is the future. Unsurprisingly, those who cheer for this kind of India are the same westerners who view the non-western world as being their personal fiefdom.

A few months ago, I had the opportunity to attend one of my childhood friend’s marriage ceremony in the Northern part of Bengal’s splendidly dense forest. There, I met one of my former school teachers who suggested, for “my own benefit,” that I join the Nazi-inspired Bharatiya Janata Party (BJP). He explained that, apart from the fact that I have all relevant degrees, I also have a Muslim name. This led me to withdraw into some deep labyrinthine cave inside me for a while, despite the hustle bustle of the wedding. The conversation provided crucial clues into the minds of India’s superbly corrupt middle class, who have been hypnotized into believing that India could be powerful only through arms, displays of aggression, masochism and a poisonous breed of nationalism. Nitasha Kaul in her essay, Kashmir: A Place of Blood and Memory (In Until My Freedom Has Come: The New Intifada in Kashmir, Edited by Sanjay Kak, Haymarket Books, 2013) has this to say: “The large swathes of Indian middle classes are stuffed with intolerance, unthinking mass entertainment, and over consumption – fed by a corporatised media that ‘manufactures consent’ in a textbook Chomsky way. The mix of ignorance and blustery self-confidence that one encounters in middle-class Indians rivals Americans (they share this ‘superpower’ trait!).”

Average middle class Indians barely read, and when they do, to show how culturally advanced they are, they do not wander beyond the fictions of Chetan Bhagat or Sidney Sheldon. In cinema, they are die-hard fans of the horrible actor-cum-criminal Salman Khan, and in politics they have recently found out that if there is god on earth, then it is Modi. Their detergents have worked hard to wash off the bloodstains from this man’s clothes. The clamor of middle-class Indians for a life of super abundance is so deeply rooted that, as things stand, more and more they display the unmistakable characteristics of their former colonial masters. The middle class and the rich have become India’s new colonizers. Since colonization of economic resources is impossible without a simultaneous colonization of history and memory, India’s scholars, composed largely of liberal Brahmans, have embarked on an ambitious project to rewrite the history of the poor and dispossessed. In this history of hunter and hunted, the hunters are always glorified: they become the unquestioned mediators of the universe. Their violence is normalized through the cultural apparatus, and any deviation from it is taken as a sign of unmanliness or even disloyalty. Today’s middle class has absorbed all the barbaric elements of the neoliberal world view, according to which, the huts of the poor must be cleared to make way for the shopping malls of the rich. The middle class never tires of repeating the word “development” as it refuses to ponder its meaning and implications.

The Brazilian philosopher Paulo Freire, in his lucid and easy-to-read book, Pedagogy of the Oppressed (1968), comments that “It is not to become free men that they want agrarian reform, but in order to acquire land and thus become land owners–or, more precisely, boss over workers.” This is exactly what has happened in most post-colonial societies. After hundreds of years of struggle and sacrifice, countries in Asia, Africa, Central America and South America were able to turn the tide of colonization. The colonizers left, but they bequeathed to the rest of the world the imperialistic values and cultural praxis that have become so deeply rooted in our societies. Most of the countries that had inherited a proud legacy of anti-imperialist struggle gave up their insistence on egalitarian societies. The newly-emerged ruling class with a history of colonization molded itself in the image of its colonial masters. The brown or black man had consciously or unconsciously internalized the traits of the white man. In the absence of the white man, the brown or black man became one: an object that inspires both fear and awe.

In India, the most violent upheaval started in the early 1990s. Since then, any remnant of a welfare state has been gradually withdrawn. India, for the first time in its independent history, had a Ministry for Disinvestment: a ministry created purely for the purpose of handing over public resources, created out of public funds, to private players. In short, India moved from proto-socialism to aggressive crony capitalism: a point publicly acknowledged even by former Prime Minister Manmohan Singh.

The net result of more than two decades of so-called economic reforms is there for everyone to see. India is on the brink of nuclear war with Pakistan over Kashmir; there is a massive rise of religious fanaticism, and the whole laboring class, which has suffered the most, leads a life of despair. Go and visit any Indian city, and the mere sight will hurt the eye like a sore. These are our cities, where millions live chattel-like existences amidst stunning islands of prosperity. In the same city where a vast majority do not get access to drinking water, you’ll find families who own private jets. Violence against religious and sexual minorities is a daily occurrence. The Indian economy is in good shape, but Indians are forced to live a hand-to-mouth existence. There is a growing sense of disillusionment among most Indians, and it is largely to counter this disappointment that right-wing political outfits today fan nationalism and the threats of terrorism and immigrants. We collectively spend less to buy pencils for our children than to purchase arms. One could accurately say that middle-class Indians suffer deeply from an inferiority complex. It is to overcome this complex that they need to chant the mantras of superpower: its celebration, its symbolism, its dominant cultural values, its cinema, its novels, its songs, all of which affirm that deep down even they know that these are just a smoke-screen, a phantasy, a simulacrum created to calm their growing sense of unease. If reality cannot be altered, then it can at the least be forgotten, ignored or misrepresented through art.

Three days after the marriage was over, I met my teacher once again. I had arrived at my boarding school. In jails, military barracks and boarding schools, life is immune to change. It has its own sense of timelessness. Instead of myself, I found that young boys who resemble me deeply were, as usual, involved in the rituals of the boarding school. Once again my school teacher and I had an extended and quarrelsome discussion over almost everything: from India’s foreign policy to Leo Tolstoy’s aversion to the church. One of those evenings, my teacher disclosed to me his deep-rooted desire to die. He looked into my eyes and said in a most melancholic tone, “I wish I could die quickly.” I was caught here. I tried hard not to look into his teary eyes. Here was a man who had taught me so much; I had learned from him that learning is the result of life-long and back breaking hard work. But men change. Time alters everything: from the blade of grass to diamond-hard convictions. If today, more and more middle class Indians get drunk and desire their death, the reasons are not hard to fathom.

Indians like my teacher champion a fascist model of development that exerts a disturbing influence on the inner self. The neoliberal world view builds up misery and guilt in those who theorize it or support it. It alienates the individual, firstly from his inner self and secondly from his fellow beings. These theories conveniently forget that there is a limit on natural resources. Forlorn and wasted, where else will such men seek their redemption if not in their own death. Fascism and its first cousin neoliberalism are harbingers of death and destruction. If Indians do not heed history, India could end up meeting the same fate as Japan, which learned a lesson on humanity and sobriety after a barbaric nuclear war. In 1998, when India blasted its first successful nuclear bombs, the men in uniform ironically used the code phrase “Buddha is smiling” to indicate to their masters that the tests were successful. The way our internal crisis is brewing, the way India is conducting its business with Pakistan, soon Buddha might be laughing at us.

Imtiaz Akhtar has a law degree and is pursuing a master’s degree in comparative literature at Jadavpur University in Kolkata (Calcutta) India. He has worked as a journalist, as a lawyer and as an editor for a law journal. This piece first appeared at News Junkie Post.
 
he following article although three years old talks about why fakery and more importantly nationalist fakery has become so needed in today's India. A new 'superpawa' has to be fabricated by rewriting history even if it doesn't actually exist. Beautiful!!

DECEMBER 11, 2014
The Myth of India as a Superpower

Yawn...more BS from a butt-hurt BeeDi troll....quoting communist BS from Jadavpur University.

Indians like my teacher champion a fascist model of development that exerts a disturbing influence on the inner self. The neoliberal world view builds up misery and guilt in those who theorize it or support it.

Most sensible people wouldn't touch this kind of ideology with a ten foot long pole... :lol:

Meanwhile Bangadeshis are shamelessly pole vaulting to India & wheresoever possible to escape their least livable hell !!!

Bangladesh is now the single biggest country of origin for refugees on boats as new route to Europe emerges

EU Wants to Repatriate 80,000 Illegal Bangladeshi Immigrants

Where are Europe’s illegal migrants coming from? Surprise: It’s Bangladesh.

And here we have Washingtonpost giving Bangladeshis a reality check over BBS data faking @Nilgiri

What country are most of Europe’s illegal migrants coming from? You might think Syria or some other war-torn nation. You would be wrong. According to the International Organization for Migration, the top “sending” country is a democracy that claims to have made strides in human development: Bangladesh.
 
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DANIEL ALTMAN
8 Myths About India’s Growth
On closer inspection, the Indian miracle turns out to be pretty ordinary after all.
india_1121.jpg

Is India different? Last month, India’s finance minister confidently declared that nothing could stop his country from becoming the world’s third-biggest economy. He may well be right, but size alone does not make India a special case. Its growth has been fast, but it is no trailblazer.

Here are eight popular myths about India’s growth, all of which are easily debunked:

India has outperformed other emerging economies in the recent past. In the two decades from 1992 to 2012, average living standards in India did rise faster than those in most countries that started from a similar level. In fact, only nine other countries in the world saw living standards, measured by purchasing power, climb more quickly: Albania, Armenia, Bhutan, China, Equatorial Guinea, the Maldives, Mozambique, Sudan, and Vietnam. Faster growth was to be expected in countries that started out with lower living standards than India’s, but several of these — Albania, Armenia, Bhutan, China, and the Maldives — actually started out with higher purchasing power. Relative to them, India underperformed.

India will grow faster than other emerging economies in the future. For the next five years, the International Monetary Fund projects that living standards in several countries will grow faster than India’s. Among them, again, are countries with a higher starting position: Bhutan, China, the Republic of Congo, and Georgia. India will likely outperform many other economies that have similar living standards today, but it hasn’t unlocked every secret of economic growth just yet.

When India finally opens its markets to trade, exports will supercharge its growth. India is not the easiest place to be an exporter, but it’s hardly the most difficult, either. In terms of both time and money needed to ship a container of goods, India ranks in the middle of the pack, according to the World Bank. If anything, exports could become more expensive for Indian companies if the United States and others forced India to drop some of its remaining export subsidies. In 2011, India’s exports and imports represented 54 percent of GDP, about the same share as in China. It’s unlikely that exports will change the growth story anytime soon.

The urbanization of India’s huge rural population will lead to unprecedented increases in living standards. Urbanization has been a critical ingredient to economic growth for many countries. Simply putting labor next to capital by attracting people into cities tends to raise workers’ productivity and, eventually, their incomes. More than two thirds of India’s population still lives in rural areas, compared with less than half in China. But India is not under-urbanized compared to other poor countries; if you look at how living standards compare to urbanization among all the world’s countries, India sits right on the best-fit line. There’s no reason to believe that urbanization will help India’s growth more than it has for any other country.

India’s service industry will provide a huge boost to employment. India’s legions of call-center staffers, software developers, and information-technology experts have led some analysts to proclaim a "service revolution" that will provide an alternative to manufacturing as a path to prosperity. Yet economists suggest that India’s service sector has merely caught up to international norms, and there is no particular reason to believe that it will take over a much bigger share of the economy as the country grows. The literacy rate in China is much higher, and it’s not clear that India even has more English speakers. Moreover, as wages rise in China, the opportunity for India to raise living standards through manufacturing — not services — will expand enormously.

India has more mathematical, scientific, and engineering geniuses to drive its economic growth than other countries. In absolute terms, this may be true; after all, India has a population of more than 1.2 billion people. But a population this big will have more people at either end of the distribution of economic ability: more geniuses, and more people with serious challenges to their cognitive capacity. The question is whether the extra geniuses will have a positive effect that is disproportionate to India’s population. If this were true more generally, populous countries like Germany and France would have higher living standards than smaller countries with similar advantages, like Switzerland and Denmark. Clearly, this is not the case.

As a democracy, India is more conducive to free-market capitalism. The links between democracy and economic growth have interested economists for decades, and the rise of state capitalism in non-democratic countries like China and Saudi Arabia has posed an ideological challenge. India is often touted as the world’s biggest democracy; the World Bank’s Worldwide Governance Indicators rank it in the 59th percentile for "voice and accountability" of citizens and government, just shy of several members of the European Union. Still, India’s markets are far from free. The Heritage Foundation’s Index of Economic Freedom calls India "mostly unfree" with a ranking of 119 out of 177 countries, as a result of heavy government involvement in the economy, from regulatory requirements to trade barriers. It’s also one of the toughest places in the world to start a business.

The British legacy of a strong legal system gives India an edge. If it does, it’s not a very big edge. Geographical factors like coastline, rainfall, and temperature can explain a big share of the differences in living standards between countries today. Controlling for these factors, former British colonies tend to do better than the average among all countries. But among the former colonies, India is one of the worst performers. Indeed, its living standards are worse than you might have expected given its geography. That may be because the vast majority of India’s workers operate outside the strictures and protections of the legal system, in an environment more reminiscent of London’s 19th century slums than Canary Wharf.

To sum up, there’s little basis for any sort of mystique surrounding India’s economic growth. On its current path, India shows no obvious signs of rewriting the textbooks; on the contrary, it has confirmed much of what economists already understood about urbanization, industrialization, trade, and institutions. Don’t get me wrong — India is undoubtedly a fascinating country for many other reasons. But to an economist, it’s just another poor country that happens to be very, very big.
 
@Bilal9 is that you in the pic ? :rofl:

31BE098D-B4D5-470C-940C-D577E876A3F9_cx0_cy10_cw0_w1023_r1_s.jpg



yawn...meanwhile

What country are most of Europe’s illegal migrants coming from? You might think Syria or some other war-torn nation. You would be wrong. According to the International Organization for Migration, the top “sending” country is a democracy that claims to have made strides in human development: Bangladesh.

https://www.washingtonpost.com/news...rprise-its-bangladesh/?utm_term=.d501f03b04d5

No amount of lies can hide the situation in your LDC...

Capture (3).JPG



Enjoy your hopeless ranking (109) in the Global Competitiveness index....


zqT2fcg.jpg


And piss poor quality of education....

http://www3.weforum.org/docs/GCR201...lobalCompetitivenessReport2016-2017_FINAL.pdf


Comparing BD, India, China, Turkey and USA to cover a regional and global spectrum (higher the score the better):

Education and Skills:

BD: 2.33 (rank 125)
IND: 3.25 (96)
CHN: 3.97 (74)
TUR: 3.95 (76)
USA: 5.82 (12)

Skills of Current Workforce:

BD: 2.18 (rank 130)
IND: 2.82 (104)
CHN: 3.56 (85)
TUR: 3.36 (92)
USA: 6.05 (5)

Skills of Future Workforce:

BD: 2.47 (rank 122) (Increase of 0.29)
IND: 3.67 (88) (Increase of 0.85)
CHN: 4.39 (58) (Increase of 0.83)
TUR: 4.53 (50) ( Increase of 1.17)
USA: 5.58 (18) (Decrease of 0.47)
 
No, India isn’t outpacing China, and other Modi myths
June 1, 2015 4.08pm EDT
Author
  1. Partha Gangopadhyay
    Associate Professor of Economics, Western Sydney University
Disclosure statement
Partha Gangopadhyay does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond the academic appointment above.

Partners


Western Sydney Universityprovides funding as a member of The Conversation AU.
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The main strategy of Modi’s economic advisers in the first year has been to treat the Indian economy as the proverbial elephant in the room.
Having converted a potentially precarious majority into a grand majority, India’s Prime Minister Narendra Modi is now suffering the horrific blues of the winner’s curse of absolute majority.

Despite promises of seismic change to economic policy, we still don’t know Modi’s precise economic strategy. His sycophants have mouthed the obvious litany of praises about the already-transforming Indian economy, while detractors grudgingly await his pronouncement of the roadmap for economic recovery.

With the faux socialism of former Prime Minister Manmohan Singh rejected by voters, Modi took the opportunity for reform with both hands, scripting the most important economic policy shift of the Century.

He disbanded the Indian Planning Commission – a sheer anachronism in the modern era of globalism and corporatism. He then instituted the Niti Aayog for transforming the Indian economy. Detractors call it the “Dur-Niti Aayog” (corruption centre), and it is at best hazy which way the body will go in future years. Modi entrusted control of the new body to experts with excellent as well as dubious credentials and herein lies the greatest tragedy of the economic strategy of the new government.

Economic policy making calls for painstakingly detailed research - the kind of work that can create, shape, fuel and propel economic confidence in the nation. Economic confidence sometimes needs a nudge, but more often that not, screams out for a big push. Pink blotters cannot be a substitute for intellectual capital in policy-making.

Both Modi and his economic advisers are well aware of the deep economic malaise of India – the poverty in many regions in India is deeper than that of sub-Saharan Africa. They are well aware how hapless poverty stalls economic and social progress by triggering and abetting endless violence, perpetuating the problem.

Selective numbers
Modi’s economic advisers will possibly term any discussion of Indian poverty as the economics of sulking. Instead, their emphasis will be on more esoteric issues concerning market forces and free enterprise and economic growth. The clever advisers know that every economic figure in India, like a good bikini, hides more than it reveals. So the main strategy of Modi’s economic advisers in the first year has been to treat the Indian economy as the proverbial elephant in the room – a huge problem and terribly dangerous if provoked. Just ignore the economy and, instead, use economic figures for the purpose of hiding obvious economic facts.

The first year of Modi’s (economic) governance turns on the fulcrum of what I call the economics of hiding – optimally hide facts by giving confounding economic figures. Far worse, the economics of hiding is now an integral component of the overarching strategy of Modi’s “Make in India” campaign: economic figures now manufacture myths for domestic grandstanding and also for global consumption.

Let me debunk a few of the myths: first, that economic growth has returned to India – from 4.5% in 2013 to 6.9% in the 2014 fiscal year, and that India is now poised to overtake China as the fastest growing economy. This clever ploy by the central statistical office (CSO) of India to portray growth simply involved changing the base year for data comparisons. To the dismay of Modi, some economists consider this sheer fudging.

Secondly, that consumer price inflation has finally been arrested by the hard-working Reserve Bank of India (RBI) to within the mysterious 6% band.

Of course the main driver of inflation is the oil price and the global fall in the price of crude is the real source of the decline in inflation rates. India imports two-thirds of its oil consumption.

Thirdly, that inflows of foreign direct investment (FDI) have increased by 60% in the last fiscal year.

One has to take this figure rather carefully since the source of this growth is a massive spurt in joint ventures in telecom, oil and gas, and mining - at best best a zero-sum game since FDI in these sectors is tantamount to offshoring of profits that used to go to the government’s coffers before. There are some positive signs of FDI into infrastructure projects and IT projects – but very little trickled down to the ailing industries.

Fourthly, that rural consumption and agricultural productivity are the drivers of Indian economic growth in 2014-15.

It is true that agriculture only contributes about 15% of the Indian GDP but it is the source of livelihood for 50% Indians. Due to bad weather shocks and inappropriate government policy to curb inflation by arresting rural spending, the Indian agricultural sector has gone into a tail-spin. During the last five years, rising spending in the agricultural sector became the engine of growth for the Indian economy. Under Modi this has disappeared and there is no sign that exports, investment in industry or urban consumption can compensate for the sagging rural economy.

Finally, that the Modi government has created 10 million jobs in the first year.

In reality, the number of job seekers went beyond the 12 million mark at the same time, so the growth in job creation is anything but satisfactory. Unless the current government can pump resources into infrastructure, there is not much prospect for industrial growth to fight joblessness in India.

Modi is an astute politician who knows that voters’ have short attention spans. This means his real economic policy will be unveiled in the third year of his first term with an eye for a second term.

Pork barrel politics will create the second Modi wave. In his likely second term, Modi can bring out his swords, as opposed to scalpels, to finish off faux socialism. India will march on towards a market-driven economy with a quarter of its population teetering on the brink of destitution, poverty and social exclusion.
 
No, India isn’t outpacing China, and other Modi myths

Yawn...sweatshop coolies must be rather concerned about their massive slum population

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Population living in slums (% of urban population)

Or their low HDI...

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Yawn...

http://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD/IND

Also,

http://www3.weforum.org/docs/GCR201...lobalCompetitivenessReport2016-2017_FINAL.pdf

Comparing BD, India & Chinato cover a regional and global spectrum (higher the score the better):

Education and Skills:

BD: 2.33 (rank 125)
IND: 3.25 (96)
CHN: 3.97 (74)

Skills of Current Workforce:

BD: 2.18 (rank 130)
IND: 2.82 (104)
CHN: 3.56 (85)

Skills of Future Workforce:

BD: 2.47 (rank 122) (Increase of 0.29)
IND: 3.67 (88) (Increase of 0.85)
CHN: 4.39 (58) (Increase of 0.83)

Is there any surprise about BD's failure to diversify it's economy, with such dismal quality of education & labour ?

The projections divide global countries into three basic categories: those countries with too few productive capabilities to easily diversify into related products, including Bangladesh, Ecuador, and Guinea; those countries which have enough capabilities that make diversification and growth easier, which include India, Indonesia, and Turkey;

http://atlas.cid.harvard.edu/rankings/growth-predictions/


But for BD, it doesn't matter if the above report is from Harvard university- For them it is a just anti-Bangladesh propaganda except written by an Indian 'ganja khor'. :rofl: Talk about playing the victim card.

These ganja khors have now started resorting to anti-everything-propaganda except of course anti-India propaganda..
 
scl3.jpg


When will the Bhakt Bullsh*t ever stop? :sarcastic:

Commercial ones are 'in the pipeline'.
Is your research purpose one even on paper?
Research Chip Fabs for a few space projects are one thing, which the Chinese had way before India,
Chinese do it around 28nm which too is outdated in modern smartphones. In case of India, it's 90nm.

Regarding putting a decent commercial semiconductor fab, it needs $5 billions at least for each plant.
When your American massa was filling China with FTAs and FDIs, India was sanctioned and so obstructed in even conducting own program.
but these facilities are expensive duds that don't produce anything worth selling in the consumer market. So they are again, DUDS.
These duds weren't made for selling commercial purpose chips in public, they could do in small quantity for High end research purposes which they are doing.

Nor Chinese fabs do produce any semiconductor worthy of consumer market. That's why their almost semiconductors are imported. Their fabs can do only good for low end electronics like calculators and sometimes memory cards at high ends.
Plus, China doesn't have own tech for chip manufacturing either, it is dependent on ToT from companies like ARM (UK).
Simply, Chinese mass produce same thing which India produces in labs for sats.
And is this true, SCL Chandigarh closed down, or did it burn down?

http://www.business-standard.com/ar...-chip-plant-to-close-down-106022801095_1.html
Article was from 2006, it's 2017 and it's still running!:lol:
Anyway, it may be closed once a commercial one is managed.
Bhakts please read the following for some enlightenment, since you know so very (very!) little about what an actual chip fab does, from an actual ASICS DESIGNER from your own country. Very balanced opinion worth believing. And refuting the BS You all just posted.
Why there are no integrated chip fabrication facilities in india?
Because it is not easy to invest billions in a small plant without guarantee that you will get anything in return in business.
 
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