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Good thing:

 

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Responding to Prime Minister Narendra Modi’s call to become self-reliant, Terex India Private Ltd, the Indian subsidiary of Terex Corporation and a manufacturer of diversified equipment used in mining and large infrastructure projects like airports, dams, highways and mining applications, is gearing up to launch Made in India Cranes.

The company will be manufacturing these cranes at its facility set up at an investment of Rs 250 crore at Hosur in Tamil Nadu.

The company is also developing the plant as an export hub.We have expanded our manufacturing plant recently and we will be making up to 500 cranes per year at this plant and launch them in early 2021,” Jaideep Shekhar, Managing Director, Asia and EMEAR told DH.
The market size for large cranes is estimated at 10,000 units.
 

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India can reduce $8.4 billion imports from China over fiscal FY22: Acuite Ratings

The ratings agency analysed the current import portfolio from China and found 40 sub-sectors that have the potential to lower their import dependency on China. These sectors contribute to $33.6 billion worth of imports from China and about 25% of these imports can be substituted by local manufacturing without any significant additional investments, Acuite said. This will translate into savings of 0.3% of India's GDP.

India's imports from China totalled $65.1 billion in fiscal 2020 and exports at $16.6 billion, which translated into a trade deficit of $48.5 billion. Chinese imports contributed to over 30% of India’s aggregate trade deficit. Over the past 3 decades, India’s exports to China grew at a CAGR of 30% but its imports expanded at 47%

Acuite said that India can slash imports in sectors like chemical where it is the world’s sixth largest chemical manufacturer. Similarly, the pharmaceutical industry imports bulk drugs (API) and other intermediate raw materials worth over $2.6 billion annually and the bicycle and bicycle parts industry $100 million worth of items.
 
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Samsung Electronics should get tax and other incentives from India’s northern state of Uttar Pradesh as the South Korean company looks to invest some 53.67 billion rupees ($705.75 million) in a smartphone display manufacturing plant in the state, India’s lead investment promotion body said in a letter.

Good for the county and for the state. Yogi rocks.
 

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@Suncity, can you please say what happened yesterday . What did you decide?
Deleted some of the posts. I am hoping people get the message.

At least one forumer has been reported a dozen times in past two weeks by fellow forumers. That is a SSC India record! . To make a point there is no need to be rude. Hopefully that forumer tones down his langauge.
 

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CMIE and its magical stats.., ...it doesn't matter even if the South and West industry is mostly closed., all the migrants of North and East who left have returned and got jobs (or) even better he North and East have produced so many jobs.
 

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CMIE and its magical stats.., ...it doesn't matter even if the South and West industry is mostly closed., all the migrants of North and East who left have returned and got jobs (or) even better he North and East have produced so many jobs.
No they have Thier criteria for deciding. You can read it in Thier annual report page
 

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Unemployment level falls to pre lockdown level ( too good to believe 🙂)
View attachment 234013
Many parts of the country are back to business. Only some metro cities are still in full lockdown. Even in that IT related are working from home. Compared to whole India these metro's non IT related workforce will be of low %.
 

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Any survey reported in India by Private parties, Govt. statistical agencies or Industrial bodies and the ubiquitous University professors and researchers relating to economy, job growth/decline are most likely based of fictitious or even bogus data and I don't trust a single one of them unless audited by professional agencies. Balance sheet of various companies gives much better picture.
 

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Any survey reported in India by Private parties, Govt. statistical agencies or Industrial bodies and the ubiquitous University professors and researchers relating to economy, job growth/decline are most likely based of fictitious or even bogus data and I don't trust a single one of them unless audited by professional agencies. Balance sheet of various companies gives much better picture.
What is your idea of a professional agency? Those private parties, government and statistical agencies, industrial bodies, and university professors, are independent and apolitical. They collect data and conduct objective analysis of that data and then report the results. The definition of professionalism if you ask me. Basically you only believe the bad news.
 

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In 1990 the Chinese economy is almost same as the Indian economy but now the Chinese economy is 5 times greater than our country

Comparing China and India by Economy - StatisticsTimes.com
Comparing economic statistics between China and India. China vs India by GDP, GDP per capita and GDP growth rate.
m.statisticstimes.com
Thank you for pointing out the historical economic data that no one was previously aware of.
 

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Rather than developing the technology in house it might be cheaper to purchase the technology know how from a country like Taiwan, who seem to be at the cutting edge of photoresists. This is what the Japanese and Chinese have done. They purchase the tech and the know how, and then reverse engineer the process and develop it to get on the cutting edge faster. Because India is way behind in the development level of photoresists from what I can tell about reading this article.
This is what the government is doing with the Rafael. They are ordering 36 fighters, but as part of the deal they are getting the know how on how to produce the fighters locally. The contract for doing so has gone to Reliance. So plane number 37 and on wards will be produced by Reliance. As they develop the know how they can make improvements to the technology and build a whole in house fighter jet industry. That is how the US set up it's military industrial complex. It imported the best technology and scientific minds in the industry back in the 1940's and 50's and by the 60's they had a thriving military industry. Why reinvent the wheel when it is easier to catch up by purchasing cutting edge technology and the locally advancing it's development.
In fact India should start large scale importation of the best technology and human capital. Our expatriate community is a huge untapped source of human capital. Some of our best engineers work for Lockheed or Boeing. We should have policies and programs that encourage them to come back and work for Indian businesses or start their own businesses. The government should go a step further and import the best scientific foreign minds from all over the world to develop the latest technologies across the board.
 

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