blr_p said:Want to address trade deficit ? then india needs to make more things the world wants to buy. Until such time the world will try its best to sell us their products.
A tiny racing car was developed by American scientists. The Americans then sent the car over to Japan to see what the Japanese could do to better the car. The Japanese added sport wheels and an aero kit to the car, they than sent it to the U.K.
The British scientists, to better the car, added a sound system and window tint. They then sent it over to the Chinese, who added on a lowered suspension to the tiny car. The Chinese then sent it over to India.
The Indian scientists, looked at the tiny car, appreciated all the modifications the other countries had made, turned it over and stamped a sign on it.... MADE IN INDIA!!!
None of the indian companies that rebrand chinese products care about this.
Want to address trade deficit ? then india needs to make more things the world wants to buy. Until such time the world will try its best to sell us their products.
So when do we plan to address these problems. Or do we wait for the Chinese (a decade or so later) to bail us out. That is when the cost of manufacturing there becomes too expensive and they themselves need to outsource to other countries. Just like happened in the services sector but that isn't enough to emply everybody.For that a lot of conditions need to be in favour of manufacturing companies here. Rising costs of raw material, power, lack of water, land, confusing and high tax rates and lack of r & d all make manufacturing costly here.
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Govt does not help industry in any way to stay ahead of competition since Govt does not trust people, so industry does not trust the govt and continues trying to rake in short term profits.
^ Right, and that reminds me of the joke.
It nothing, just like a big guy bullies the smaller kids in school etc since the little kid is not going to ever retaliate so the bullying continues always.
Read Story: http://www.ndtv.com/article/india/chinese-troops-make-fresh-incursion-bid-397068Chinese troops who had to walk down a long stretch to reach Chumar, sought assistance in getting some food as they had run out of their stock, the sources said.
While no food was provided as the troops did not carry it with them, some cans of juices were given to the PLA soldiers, the sources said, adding the Chinese troops then retreated into their area.
That's so not true, very little love for your countryif we all stop using chinese products we all will be back in stone age.
For that a lot of conditions need to be in favour of manufacturing companies here. Rising costs of raw material, power, lack of water, land, confusing and high tax rates and lack of r & d all make manufacturing costly here.
Even if a company manufactured goods here no country would buy it if it was costly and quality was cheaper than the competition.
This is the reason why our only major export is call centre type of jobs. In coming years it will be taken over by Brazil or other smaller countries which have similar English speaking graduates.
Govt does not help industry in any way to stay ahead of competition since Govt does not trust people, so industry does not trust the govt and continues trying to rake in short term profits.
They just want some food from India. They have asked for food in recent incident.
Read Story: http://www.ndtv.com/article/india/chinese-troops-make-fresh-incursion-bid-397068
I am planning to open some vada-paav staallll in ladakh, the chinese demand will surely make my biz runaway success![]()