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Note - Vietnam has an FTA with India (unlike China), and so this also helps it fight back against Chinese smartphone players that are currently dominating in In
by thrwweasdfa243 7y ago
Note - Vietnam has an FTA with India (unlike China), and so this also helps it fight back against Chinese smartphone players that are currently dominating in India AND it also works as a bargaining chip with the Indian govt. for tax incentives. IIRC they moved their television assembly back to Vietnam in retaliation for some failed deal last year.
Might be a good idea too, the Indian state is a moronic rent-seeking state whose sole purpose it'd often appear is to run a leaky incompetent "welfare state" simply in order to support of its political masters.
- sbmthakur 7y agoIndia will have a "welfare state" as long as we have a large poor population and all people are not on the same pedestal.
- bnt 7y agoThey have 1 billion people, they are a market who can do whatever they like, in their own right.
- oblio 7y agoDebatable. Money is just as important and right now India's GDP is comparable to UK's GDP. And the UK only has about 65 million people.