FairAndUnbiased
ELITE MEMBER
- Joined
- Nov 25, 2011
- Messages
- 10,184
- Reaction score
- -1
- Country
- Location
https://www.livemint.com/technology...top-80-billion-by-2025-cii-1566387866987.html
India’s IT industry stands at $177 billion with exports amounting to $136 billion and the industry employees around 4.1 million people
Now answer the question from the original quote
That is my original quote
Please cut the crap dude. USA allows $100 billion in outsourcing business to India employing 4 million Indians. What has China done for India ?
Thanks for the source. We don't know the national distribution of those exports though. According to India's total export-import statistics 15% of India's total exports go to the US. US cannot get credit for all $100 billion dollars worth of IT exports. In particular, that's not free money; US is paying for a service. or do you think Indians should serve the US for free? That's called slavery.
Here's a small sample of what China has done for India:
1. $562 million (3500 crore) investments by Xiaomi in India in a single year.
2. India is largest borrower from China's AIIB bank.
3. Billions worth of investments in Indian power plants.
4. $84 billion in total trade per year vs. $74 billion for the US.
5. $4 billion investments in 18/30 Indian unicorn startups.
The difference is that China invests in India, while US buys from India for services rendered. It is expected to pay for services, to not do so is theft or slavery. It is not expected that someone will invest money into your operation with no expectation of immediate payoff - banks and VCs won't do it unless you have a solid business plan.