http://www.newsgram.com/demonetizat...and-poor-still-feel-the-heat-of-the-decision/
Yah, talk to the millions of 'confused' workers who couldn't get their wages.
If you can rival Chinese companies, then you wouldn't need to import those telecom equipment, electronics, cellphones, microchips, construction machinery, port machinery, medical imaging equipment, drug APIs, super critical boiler, supercritical steam turbines. Funny thing is even the so call 'indigenous' BHEL equipment uses Chinese turbine blades and high temperature alloy. Do you know how much core technology you need to have?
Your small companies will be destroyed by the coming wave of automation. It is not cheap, but the ROI is very high. You still cannot see the incoming threat...good luck to you.
Automation is about both, increased quality and production rate thereby reducing per unit cost of product. It is going to require initial capital investment, but the reduction in manpower and increase in production will reduce the cost of production. Automation is an open market, you as the consumer get to choose and evaluate, but if you insist Indians to not embrace automation, I have no qualms, it's good for China.
Wake up genius! You are already having a 50 billion deficit despite having this 'insurmountable' tariff. LOL.
Nothing is inevitable, just like you cannot download technology from heaven into your genius indic brains. You need to put in effort to achieve something. First step, learn to store grain, next step learn to distribute grain to starving people.
You are assuming China doesn't have a competitive private sector. I don't think you understand the scale of these Chinese companies. If you could have done it, you would've done it. So don't assume. Look at the trade figures, India doesn't produce anything of value China needs except basic raw materials.
I won't argue with that. But I am reminding you, if world trade still exists, automation will destroy alot of traditional industries as you know it.
Dude, go argue with CIA WORLD FACTBOOK. Don't give me mumbai stats. Btw, whether we escape the middle income trap remains to be seen, I don't mind having 1.3 billion middle income ppl. LOL. India should worry if she can escape the starvation trap.
I really hope India becomes a 99% services economy with no industries. =). SUPA POWA indeed.
I did not contradict myself, due to the small difference in currency fluctuation, CIA is still listing your GDP as 2.3 billion in 2016 and your GDP still wouldn't reach 2.5 trillion now. Growing 300 billion in 5 months time would mean you were growing 16% per annum in these 5 months time. LOL.
Btw, the right way to calculate GDP is using the average exchange rate for the year and the full year GDP.
Read above statement. The world does not revolve around India, full year means end 31 Dec 2016. It is a simple calculation.
The value and intensity of the investments depends on the amount invested. You can open a gazillion shoe factories too.
People including China are investing to get a slice of your market since your industrial base is infantile.
China is attracting a 100 billion worth of investment and we are also investing roughly the same amount overseas. How many times do I have to tell you that, you are attracting more greenfield investments because you are an underdeveloped market.
Fact speaks louder than words. You did not create enough employment.
Modi’s jobs record is even poorer than that of the much-maligned Congress government that his replaced. India needs to create as many as a million new jobs every month just to keep up with the growing population. Under Modi, just over 10,000 jobs a month are being created instead, according to government figures from 2015. The scale of this failure is enormous -- especially since it will add to the angry army of already underemployed young Indians.