What's your perspective on the India's future?

[roadrash99]

watch if you wanna get frustrated !

Anyone knows where to get that kind of table

 

[psyph3r]

 

[flxcs]

Which countries are better for tech professionals to relocate to, considering job opportunities, salaries, quality of life, and policies?

 

[lockhrt999]

It's not slowing down. We will be challenging China's GDP after a decade what with their fake GDP numbers.

It's the India who is faking the GDP data. It's very well known. 1 2. When the current Govt came to power, they changed how the GDP was measured. It's very much like how this govt faked that India became polio free.

I'm referring to consistent FDI inflows since 2014. Nothing to do with covid.

I've posted sources here showing consistent growth projection to the end of the decade. India's future economic outlook is good. India's growth is unstoppable and proven since independence. We're not an assisted economy like China, Germany & Japan. We've grown despite sanctions and never enjoyed over half a century of peace dividend like those three countries. All this is lost on you. Our track record is good here so I don't see any cause for concern for the future as far as Indian economic growth is concerned.

Na. Your numbers don't add up. You didn't consider FDI outflow. I showed you. You should talk about net FDI and not just FDI inflow. And, it's going down as per the Govt source I quoted.

It's a bubble and a risky one.

Nothing is up in China. Admitting so comes with costs which is why I prefer Internet commentary that China is powerless to influence or otherwise threaten. Mainstream media has to play to the CCPs wishes or get blocked from future developments. Not an option for any western media conglomerates bottom line. Biggest joke is western media towing the CCPs line.

I'm confused. Are you talking about India being powerless or China?

It was India who lost land around Galwan to China and chose to look meek. What's happening with current confrontation with Trump? It's the Indians who are being humiliated at every turn. I wonder what late Vajpayi did when the Pakistani army took Kargil? Did he give a clean chit to Pakistan? I was in India when that conflict took place. It was prideful moment for Indians when the leader of the country stood up for the country they are serving.

Nobody is taking shit from Trump and China except our guy. Weak af.

Clearly you don't understand the internal economy we have going here that China doesn't have
We can import those

Personally no but governments have many other ways. For one they can tax their citizens and issue bonds unlike any of us. They can depreciate their currency so repaying debt gets easier.

What good is the internal economy without our imports?

Will India function without Oil?
What will the Indian tech sector would do if they can't get the hardware?
What will agriculture do if they can't import fertilizers?
What will Indian pharma do if they can't get raw material from China?

There is no domestic economy without our imports. And, you can't pay for imports with INR.

No, my friend, it's you who don't understand this. We can't sustain paying for imports by robbing our people or by depreciating the currency. It simply doesn't work. No matter how much INR depreciates, you still have to pay for the imports with USD.

High taxes are driving people to leave this country. How much do you want to increase? FIIs are also fleeing with their USDs as they have to pay capital gains tax, which many countries don't charge.

This Govt's current jagged is to purchase Russian oil for cheap and flip it for profits. India was never known for oil exports. But that's what's going on right now. India is literally sponsoring Russia for its Ukraine invasion. It's the blood money that's sitting in RBI coffers.

No it can't and by that I mean something as basic as food. Only 10% of Chinese territory can be used to grow food. Whereas nearly 50% of Indian territory can be used to grow food. China cannot survive without imported food or needs much more than we do.

Given India's history of famines, the first priority of the government post independence was to achieve food security. Took us over half a century but we've done it. eg. by 1998 we were producing more milk than the Americans.

Our increasing collaboration with Israel, over a decade old by now will further increase our future food security in the event of climate uncertainty.

What is IMEC? Israeli & Gulf Arab cooperation to make India a food basket for THEM. After all what's another 50 million more mouths to feed in west Asia. Yeah.

Food is not a high-value commodity. Developed countries don't focus on that, as it's a waste of land and other resources. The ROI is super low. Developed countries let poorer countries farm for them.

Maybe, as you said, only 10% of land in China is arable. But did you know it's also 3 times bigger than India? However, they put more technology, and research into it.

When it comes to farming, India is an outlier as it has the Gangetic plains which are rated to be the top most fertile lands in the world. But still, Indian farmers are poor. The food point is moot.

China's exports cannot fix their broken economy. Our economy is doing just fine.

That sounds like Alex Jones. Who's saying the Chinese economy is broken and Indian is doing better?

The share market, although not a direct marker, is still a good indicator of how an economy is doing. You should check the numbers.

You don't understand India's internal consumption economy.

Alright, enlighten me. What part of internal consumption can be fueled without USD paid imports?

Are we an isolated country like North Korea?

Avoid all imported products for a few days and see if you can live better than a North Korean.

Infosys was recruiting Bsc/BTech Computers freshers in 2011 by paying them 25k per month and in 2025 its 40k. Do you expect Infosys or Polaris or Microsoft to pay 1.5 lacs per month for freshers just because they were paid 25k in 2010.

Like I showed you, 25k in 2010 are worth 1.5L in 2025.

There is a thing called inflation. You have many relatives in Govt. Allow me to explain it to you more easily.

The Govt sets pay commission every decade. For 7th pay commission, which was about 10 years ago, the fitment factor was 2.5x. Meaning, salaries got multiplied by 2.5x. Now we are due with the 8th one. This one is around 2.8x. If you calculate, the Govt salaries got hiked by 5x in the past 15 years. This is close to my calculations.

I'm not suggesting how much the private sector should pay its freshers. Let the free market decide that. All I showed you was, today's engineer freshers are making the same amount of money that society watchman made in 2010.

 

[psyph3r]

You don't understand India's internal consumption economy.

Neither do you, even the govt. admitted it indirectly that things are getting bad when they reduced taxes for everyone earning below 12 lpa with the hopes of boosting consumer spending. Nirmala aunty is also contemplating reducing GST rates and slabs atm.
Unfortunately it's a little too late, most middle class people are overly cautious with unnecessary spending, as it is prices of everything have steadily increased while wages have largely remained stagnant.

https://www.business-standard.com/economy/news/decision-reducing-gst-rates-slabs-finance-minister-nirmala-sitharaman-125030800721_1.html