IAF to buy 14 Tejas squadrons

[janon]

GDP depends on how much money government decides to print. Per capita GDP of India or Pakistan can be as high as that of Taiwan.

You really should think of taking an economics class. One semester at least.

Su-30MKI is an old design. J-10B is a new design. P-51 killed Me 109 because it was a much newer plane.

Excellent, by that logic our Tejas should be able to swat Pak's F-16s with ease, and the mk2 would kill the F-22. Newer design and all that.

 

[Gazprom]

Tejas is a failure.

 

[Superboy]

You really should think of taking an economics class. One semester at least.


Excellent, by that logic our Tejas should be able to swat Pak's F-16s with ease, and the mk2 would kill the F-22. Newer design and all that.

Tejas is of course a much newer and better design than F-16. As for economy, no one in the world knows anything about it, which is the precise reason why the US ended up with 18 trillion bucks of debt.

 

[SQ8]

How long does PAF intend to keep operatin F-16s, and wouldn't they need a medium category fighter to replace it? Is there a possibility of getting more F-16s than currently ordered? How old are the oldest F-16s in PAF?

2030 at the least. Depending on economic conditions. They will require a fighter to replace the F-16 but by that time the Chinese should have something.

And did you saw any of the claims for technical issues of the FGFA? The article only shows that the project is delayed and as the defence minister confirmed as well, because workshare and financial issues. The whole BS that Ajay Shukla claimed is not proven by a single official IAF or MoD statement and the Russians did the right thing by refueting the silly claims of somebody that can't be taken seriously.

Was it Shukla that wrote the Business standard article? Because I keep confusing it with the article by rajat Pandit in ToI. In either case, it would have behoved the IAF or MoD to issue a statement rather than the Russians as it is a local report by a local journalist.

 

[h0mer]

Actually, Tejas development started in 1984, not 1985. Furthermore, you think Americans would let India export Tejas and compete with F-16? The US can block F404 engines sale to India.

You think Russians would let China export JF-17 to compete with Mig-29? The Russians can block RD-93 engine sales to China.

See how this works?

Tejas is of course a much newer and better design than F-16. As for economy, no one in the world knows anything about it, which is the precise reason why the US ended up with 18 trillion bucks of debt.

If as you say all you have to do is "print money" to increase GDP, then can't the US just throw away18 trillion dollars to get rid of Debt?

 

[Superboy]

You think Russians would let China export JF-17 to compete with Mig-29? The Russians can block RD-93 engine sales to China.

See how this works?



If as you say all you have to do is "print money" to increase GDP, then can't the US just throw away18 trillion dollars to get rid of Debt?

Russia is a thing of the past. Only 140 million people. They can enjoy all the cold they have. Export JF-17 would surely be powered by WS-13A if not EJ-200.

 

[Chinese-Dragon]

GDP depends on how much money government decides to print. Per capita GDP of India or Pakistan can be as high as that of Taiwan if the governments of India and Pakistan decide so.

GDP is the total production/output of a country.

If you print more money, and do not generate more output to compensate for it, you end up with serious inflation, or even hyper-inflation.

The only exception is America, because the dollar is the world's reserve currency. When they printed money during QE, they devalued the dollar, which is being held in large amounts by countries across the globe.

 

[Superboy]

GDP is the total production/output of a country.

If you print more money, and do not generate more output to compensate for it, you end up with serious inflation, or even hyper-inflation.

The only exception is America, because the dollar is the world's reserve currency. When they printed money during QE, they devalued the dollar, which is being held in large amounts by countries across the globe.

This is not a problem with GDP. Higher earnings and higher expenditures go hand in hand. Higher GDP translates to stronger international purchasing power. Suppose Indians earn on average 100,000 USD per year, India would easy afford to buy 1000 Rafales from France, even though prices of goods and services would go up in India.

 

[Chinese-Dragon]

This is not a problem with GDP. Higher earnings and higher expenditures go hand in hand. Higher GDP translates to stronger international purchasing power. Suppose Indians earn on average 100,000 USD per year, India would easy afford to buy 1000 Rafales from France, even though prices of goods and services would go up in India.

But where does the money come from?

If India prints double the number of Rupees, but production/output stays the same, the value of the Rupee will fall in half... and they will be in exactly the same place as before.

The real measure of an economy is production/output in terms of goods and services.

Only America can afford to print currency all the time, because the USD is the world's reserve currency. Other countries are not so lucky.

 

[Superboy]

But where does the money come from?

If India prints double the number of Rupees, but production/output stays the same, the value of the Rupee will fall in half... and they will be in exactly the same place as before.

The real measure of an economy is production/output in terms of goods and services.

Only America can afford to print currency all the time, because the USD is the world's reserve currency. Other countries are not so lucky.

Not quite so. Inflation can be controlled by government regulation. The government can choose to mandate no inflation even if the earnings of each person is increased 10 fold. And how would you measure production of goods and services? In the real world, it's incredibly difficult to do that, if not downright impossible. Sitting at the desk for 4 hours a day could qualify earning 50 grand a year. How is that productivity? It all comes down to population, IMO. With population, you can generate economy. But you cannot generate economy without population.

Every year, the government releases a certain amount of money into the country, and everyone goes for a share of that. The government collects some of this money back as tax, to pay the salaries of government employees and import goods from other countries. Money supply each year is set by the government. GDP = this money supply, is NOT determined by the amount of goods and services produced. This is because, money supply comes FIRST, productivity of goods and services come SECOND.

IMO, the IAF can surely operate 3000 Tejas. You want to talk economy, that is economy!

 

[Chinese-Dragon]

The government can choose to mandate no inflation even if the earnings of each person is increased 10 fold.

I've never heard of that before.

Inflation is simply an increase in the general level of prices in an economy, which reflects the weakening purchasing power of the currency.

If inflation was so easy to control, why does the world have such a huge problem with inflation? Consumer inflation in India is currently running at double-digits.

 

[Gessler]

Actually, Tejas development started in 1984, not 1985. Furthermore, you think Americans would let India export Tejas and compete with F-16? The US can block F404 engines sale to India.

It doesn't work that way. You see the US government isn't the sole entity that stands to gain (or lose) from a sale (or
a lack of sales) of F-16, or any other fighter. Most of the technology & development/production work is done by
private companies & private shareholders.

Even if a certain country rejects F-16 and selects Tejas for purchase, US corporate entities like GE will
stand to gain a great deal of money, business and after-sales agreements by selling the engines to the
said country, to power their selection (Tejas).

An example is JAS-39 Gripen powered by American GE engines. Just look at the number of instances
Gripen & F-16 were pitted against one another in international tenders. Eventhough the Gripen NG pretty
much outmatches any available versions of F-16E/F, the US will continue to provide the engines for
this plane, and therefore stand to gain from a deal which they would otherwise get nothing out of.

Even in the MMRCA after both US fighters (F-16IN and F/A-18) were ejected, US was still willing to gain
something from the tender, they approached us offering to supply the weapons package for any
of any of the two downselected fighters at that time (Rafale and Eurofighter). Eventhough India isn't
interested in getting US weapon systems like missiles for the L-1 bidder Rafale, the Americans are
still ready to sell us AMRAAM, Sidewinder, Paveway etc. etc. anytime we ask.

 

[Superboy]

I've never heard of that before.

Inflation is simply an increase in the general level of prices in an economy, which reflects the weakening purchasing power of the currency.

If inflation was so easy to control, why does the world have such a huge problem with inflation? Consumer inflation in India is currently running at double-digits.

With inflation, people's earnings rise with it. That's why nominal GDP increases all the time, everywhere. A higher nominal GDP is stronger international purchasing power. Inflation is low in France, high in India. That's good, because higher inflation in India means India's GDP growth is much faster than France. This means India would soon be able to afford Rafale fighter jets from France.

 

[janon]

With inflation, people's earnings rise with it. That's why nominal GDP increases all the time, everywhere. A higher nominal GDP is stronger international purchasing power. Inflation is low in France, high in India. That's good, because higher inflation in India means India's GDP growth is much faster than France. This means India would soon be able to afford Rafale fighter jets from France.

I beseech you with folded palms to stop lecturing on stuff that you clearly have no clue about.

 

[Superboy]

40,000 Tejas for IAF. Think how many jobs that would generate.