Anonymous, 01 Aug 2020Lol, the only outflow of money is from India. It had a trade deficit for more than a decade an... moreRight now priority of Indian govt is to generate employment which makes every possible sense considering this pandemic situation.
So instead of criticising govt you should applaud its bold move..
Anonymous, 01 Aug 2020Lol, the only outflow of money is from India. It had a trade deficit for more than a decade an... moreIn the medium term, India can expect to have close to 25-30 airports in the private sector. This will lead to a fairly open environment on airports and in that way it is quite a positive step. The timing of this and the value it will get is something we will have to watch out for. Considering these are long term contracts for 50 years, only serious bidders will be interested in participating
I mean there is a thing that's effecting airlines world's. How is this different?
Anonymous, 01 Aug 2020GUARDIAN news paper said ,Poverty in india is back to 1990s level and youth unemployment is 74... moreYouth unemployment figures are false. The definition of poverty in India was 50 cents/day which changed quite a bit in current gov. According to old definition 30 mill are bpl and acc to 1.25 threshold, 300 mill it is. Plus guardian of all papers should not comment on poverty in India. Their country was the one who caused it :/
GUARDIAN news paper said ,Poverty in india is back to 1990s level and youth unemployment is 74% pre pandemic.
INS, 01 Aug 2020Cpmpanjes need Cheap labour costs,production benefits.
& Indians need jobs,new experience... moreIt won't happen in india ever, because india is going to stuck in a gap called as MIDDLE INCOME TRAP.
Brazil was very Ambitious in 2000s to become a developed nation but it never escaped the MIDDLE INCOME TRAP.
MIDDLE INCOME TRAP refers to a Economy thats stucked between (2000$ to 12000$ GDP PER CAPITA) PER YEAR.
Brazil is stuck going from 10000 to 12000$ per year for past 10 years.
CHINA is set to escape this trap as it's growing at 1000$ per year per capita.
India just grew 1000$ in last 20 years, china did this in just 12 months.
India went from 990$ to 1900$ per capita from 2000 to 2020
China went from 8000$ to 10000$ in less than two years.
Also Corruption is Skyhigh in india, and it doesn't have proper trade agreements with ASEAN Bloc nor Trans Atlantic deal nor with EU.
Anonymous, 01 Aug 2020China gonna see lots of money flow out and a lot of their products banned. Finally gonna see t... moreActually FDI into China increased from 7 to 8.2% last quarter and more people are investigating in china more than ever,yes look it up.
India has the lowest amount of FDI in more than half a
decade, india gets a measly $55 Billion in total FDI last year which is half the amount Singapore,(a tiny country) and this year it's worse than last year.
News channel running joke over 5 Rafales that are made in France with zero Indian components, initially it was under Make in India plan, but due to massive corruption and Redtape in setting up South India Plant it had to be made in France as a whole.
Even Egypt has 30 Rafaels.
Phones fan, 01 Aug 2020Yes, the big hearted companies are thinking about poor people in India and offering millions o... more1 dollar per day? This is not India from 2000. Last I checked for that much salary/month you can’t even afford even decent meal for one month. Forget all expenses combined. I mean our driver takes 10 times more than that and he drives for one other family as well.
Anonymous, 01 Aug 2020China gonna see lots of money flow out and a lot of their products banned. Finally gonna see t... moreLol, the only outflow of money is from India. It had a trade deficit for more than a decade and is now reduced to selling its infrastructure below market price to pay for things: https://www.livemint.com/news/india/covid-19-privatisation-may-lead-to-public-airports-being-sold-below-fair-value-11589707106611.html
Now a billion poor indians are subsidising the high life for Apple executives in exchange for empty warehouses! Great success!
Phones fan, 01 Aug 2020Yes, the big hearted companies are thinking about poor people in India and offering millions o... moreCpmpanjes need Cheap labour costs,production benefits.
& Indians need jobs,new experience in various businesses.
So good for both.
Just take a look at Economic development of China from 1970s till now.It has worked in china creating millions of jobs,lifting people from extreme poverty to middle income slab & rise of many Chinese brands competing on global scale.
Similar thing would happen in india too.
India lifted maximum numbers of people out of poverty in recent times & will continue to do so.
Things are improving faster than ever now in india.
So good to see such news.
China gonna see lots of money flow out and a lot of their products banned. Finally gonna see the shift from made in China. The isolation is gonna be interesting.
Yes, the big hearted companies are thinking about poor people in India and offering millions of jobs.
No, it is not because the cheap production costs, and the less than 1 dollar per day sallery.
This is really getting serious....world really needs alternatives hope it gets one, a credible one. Wishing them all the very best.
I hope government will give initiative to bring tsmc and other foundries so components are manufactured locally very unlikely but well there is hope
Hopefully, Good new jobs which are not hijacked by machines....