Indian economy going to Hell in a handbasket as more Modi Magic appears

[Wood]

License raj might be too strong an analogy.
Services industry is really seeming like it’s on autopilot these days. All I see i growth. So maybe it’s not such a bad idea to focus on manufacturing a bit.

When critics say we need to have an independent analysis of PLI, yeah, I agree with that. Decision making is sketchy as hell and I wonder if it’s as effective as intended.

A lot of family businesses and foreign MNCs have revised their investment strategy (positively) to leverage benefits under the scheme. But there’s just no visibility on how it might be affecting SMEs.

Yea, you can also think of PLI as Indian attempt at state managed capitalism. GOI has taken a route that would technically play according to WTO rules but still subsidize and promote targeted players in select industries.

I cannot predict the degree of success that scheme will show in a decade from now. But as a fan of market determinism, I generally frown about government intervention in directing Industrial growth. I would rather prefer India negotiate free market access (in western countries) at the cost of opening even agri and diary sectors in return. This will be politically unpopular, but will accelerate the transfer of labor from low productivity sectors (like food production) to high productivity sector. Western countries heavily subsidize their food production industries and India should not shy from having a free lunch at that expense

 

[jamahir]

LOL, Capitalist bhakts in full flow on the thread.

 

[Black Tornado]

What exactly are those "aerospace structures" manufactured in India ? Which isn't an entire aircraft manufactured in India in 2022 ?

Thats why I said that Boeing has manufacturing plants in India manufacturing aerospace structures of Apache helicopters and some components of aircrafts, Airbus and Lockheed Martin have manufacturing plants for manufacturing of aerospace structures of passenger and defence related aircrafts. Boeing was supposed to open a large manufacturing plant of aerospace components in Bangalore but then Covid came and the plan is on hold now.

Thats why we need incentives for production of the entire airframes in India, if not today then in future, as we’re among the largest aviation markets and we can’t let them have jobs in their own country and enjoy our multi billion dollar markets.

All these aerospace companies have R&D centres and aerospace components factories only, Airbus will open a Rotary wing aircrafts manufacturing plant in Gujarat and a C-295 plant in Gujarat as well (IAF order). Hope we’ll see passenger airliners being manufactured here only.

 

[Indos]

Yea, you can also think of PLI as Indian attempt at state managed capitalism. GOI has taken a route that would technically play according to WTO rules but still subsidize and promote targeted players in select industries.

I cannot predict the degree of success that scheme will show in a decade from now. But as a fan of market determinism, I generally frown about government intervention in directing Industrial growth. I would rather prefer India negotiate free market access (in western countries) at the cost of opening even agri and diary sectors in return. This will be politically unpopular, but will accelerate the transfer of labor from low productivity sectors (like food production) to high productivity sector. Western countries heavily subsidize their food production industries and India should not shy from having a free lunch at that expense

With deep depreciation of Indian currency (on going) and if the growth rate is just around 4 %, there is big chance India nominal GDP will once again not exceed 3 trillion USD in 2022

 

[Black Tornado]

Yea, you can also think of PLI as Indian attempt at state managed capitalism. GOI has taken a route that would technically play according to WTO rules but still subsidize and promote targeted players in select industries.

I cannot predict the degree of success that scheme will show in a decade from now. But as a fan of market determinism, I generally frown about government intervention in directing Industrial growth. I would rather prefer India negotiate free market access (in western countries) at the cost of opening even agri and diary sectors in return. This will be politically unpopular, but will accelerate the transfer of labor from low productivity sectors (like food production) to high productivity sector. Western countries heavily subsidize their food production industries and India should not shy from having a free lunch at that expense

Totally agree, this will replicate what Farm Laws wanted without enacting the actual farm laws, in a way atleast.

With deep depreciation of Indian currency (on going) and if the growth rate is just around 4 %, there is big chance India nominal GDP will once again not exceed 3 trillion USD in 2022

You seem to always remain salty about India, don’t you? Our currency is still where it was a year ago, in 3-4 years hasn’t seen much depreciation and has fluctuated near the 73-77 mark.

 

[Wood]

With deep depreciation of Indian currency (on going) and if the growth rate is just around 4 %, there is big chance India nominal GDP will once again not exceed 3 trillion USD in 2022

Your prediction is unlikely, in my opinion.

 

[Indos]

All these aerospace companies have R&D centres and aerospace components factories only, Airbus will open a Rotary wing aircrafts manufacturing plant in Gujarat and a C-295 plant in Gujarat as well (IAF order). Hope we’ll see passenger airliners being manufactured here only.

C 295 IAF order will be assembled by Indian company. There is no part manufacturing there.

I am salty because I see Indian media ill coverage about Indonesia and I see Indian members in Quora in majority have negative sentiment on Indonesia

Your prediction is unlikely, in my opinion.

We will find out soon

Q 1 data 2022, needs some months to see the real figure ( not projection )

 

[Wood]

I am salty because I see Indian media ill coverage about Indonesia and I see Indian members in Quora in majority have negative sentiment on Indonesia

This is very immature

 

[jamahir]

Thats why we need incentives for production of the entire airframes in India, if not today then in future, as we’re among the largest aviation markets and we can’t let them have jobs in their own country and enjoy our multi billion dollar markets.

All these aerospace companies have R&D centres and aerospace components factories only, Airbus will open a Rotary wing aircrafts manufacturing plant in Gujarat and a C-295 plant in Gujarat as well (IAF order). Hope we’ll see passenger airliners being manufactured here only.

1. When I meant entire aircraft I mean entire, not just the airframe. Airframe, engine, computers, flight control structures etc. India should have long set up manufacturing plants for these since India has a large traveling population ( most times very unnecessarily ). But India went in a wrong direction towards passenger trains.

2. India has a chance now to take lead about locally-designed aircraft manufacturing and what can the aircraft be ? Instead of plodding the old path of aeroplanes India can manufacture two new type of aircraft : (a). Cyclorotors for faster but smaller passsenger capacity travel ( as fast as helicopters ), (b). Airships for slower but greater passenger capacity travel between cities. Airships are becoming a renewed activity now. So, it's either these two or India will forever remain a laggard.

With deep depreciation of Indian currency (on going) and if the growth rate is just around 4 %, there is big chance India nominal GDP will once again not exceed 3 trillion USD in 2022

Indos, you are a Muslim so what this liking of yours with Capitalist economics ? I have told you before, words like "Nominal GDP" don't matter for India even if the growth rate becomes 14 percent ( whatever that means ) instead of 4 percent. India will remain a society of socio-economic disparity and injustice. This is the case also for USA and for any Capitalist society.

 

[Maula Jatt]

C 295 IAF order will be assembled by Indian company. There is no part manufacturing there.

I am salty because I see Indian media ill coverage about Indonesia and I see Indian members in Quora in majority have negative sentiment on Indonesia



We will find out soon

Q 1 data 2022, needs some months to see the real figure ( not projection )

Random Indians shitting on random Muslim countries because of who they're

 

[Indos]

This is very immature

LOL not only Quora members, but your media as well, that is so transparant.

 

[Black Tornado]

I am salty because I see Indian media ill coverage about Indonesia and I see Indian members in Quora in majority have negative sentiment on Indonesia

I don’t even remember when did Indian media even mention Indonesia last time let alone a negative coverage? Most of the time its filled with domestic issues, Pakistan, China, Russia-Ukraine and Sri Lanka. And most Indians have positive sentiments for Indonesia because you’ve remained friendly with us for long, Quora is a retarded place anyways.

C 295 IAF order will be assembled by Indian company. There is no part manufacturing there.

Lmao had this been the case we would’ve imported it, we won’t be doing CKD/SKD assembly here as localisation will be present there which will increase over time.

 

[Wood]

LOL not only Quora members, but your media as well, that is so transparant.

Reality : Majority of Indians don't likely know where Indonesia is on the map. Indians do not know how Indonesians look or the fact that they have East Asian features. It will surprise them to know that some Indonesians wrongly assume that India has a negative opinion on Indonesia

Having said that, you are free to have your opinion on India and Indians. Online opinions are irrelevant waste of time anyway

 

[Indos]

Reality : Majority of Indians don't likely know where Indonesia is on the map. Indians do not know how Indonesians look or the fact that they have East Asian features. It will surprise them to know that some Indonesians wrongly assume that India has a negative opinion on Indonesia

Having said that, you are free to have your opinion on India and Indians. Online opinions are irrelevant waste of time anyway

Indian media and Indian journalist working in Western media. It even include Indian expert despite the nationality is not Indian. He/she can be Singaporean etc. Come on....It is not a secret anymore

 

[Wood]

Indian media and Indian journalist working in Western media. Come on....It is not a secret anymore

What seems so obvious to you is actually a surprise to many Indians. I have no reason to not be candid about this.

PS: This has become off topic. Let's not dwell about personal opinions for now