"Never Trust What People in Indian Business Say": Bloomberg

[Han Patriot]

Yes, anything can happen. Which includes political costs for China that will start playing out when this is over.

Which makes sense as China's state capacity is much more than India's is.

I would think having a bigger economy meant bigger losses? But India has only '3000' and the Lockdown is not even over yet, the damage would be tremendous. Anyway, political cost? In the near and medium term as per one bharatian put it shall be the world totally dependent on China, long term? Hell I might be dead by then.

 

[fallstuff]

I get at least one call a day which is a scam from India.

 

[Gandhi G in da house]

He is making a very accurate observation and is very well justified in his comment. Bloomberg is right in airing this to the world as the incredible India is a scam and a lot of the world investors have been burnt by it. Mihir is fully justified in saying that the Indians talk big and best not to believe them until they deliver. The Indians created a bubble and the bubble is going to burst very soon and only themselves can be blamed for the chaos that is going to follow.

I don't think you understood my post which you replied to but okay.

 

[Robbie]

Would you care to explain why is this government "protectionist"? I find its behavior very contradictory when it comes to this topic. On odd days, they seem to be fighting every trade pact and on even days they seem more than eager to sell a certain company or industry to MNCs. I find the latter behavior to be probably because they need FDI as well.

Ideological as well as pressure groups I would say. Ideological in that many in BJP fall in the category - be Indian buy Indian.
Pressure groups in that Swadeshi Jagran Manch which strongly believes in import substitution and 'swadeshi' goods puts intense pressure on BJP. Enough to overcome BJP's leaders with pro-globalization leanings.

There are of course both advantages and disadvantages to choosing either. There has been an increase in mobile manufacturing because of high tariffs but there has been a decrease of heavy industrial exports at the same time.

 

[Khanivore]

I get at least one call a day which is a scam from India.

When you get a chance watch this.