4 ms·
Raw density doesn't mean nearly as much as mineral geography and availability. It's because of the number of people that there's a race to the bottom in terms
by oliwarner 5y ago
Raw density doesn't mean nearly as much as mineral geography and availability.
It's because of the number of people that there's a race to the bottom in terms of wages. Skilled labour is almost half the price in India, $7kpa vs $13kpa (old Russian XR). Secondary materials like steel are 80% the price in India. Harvest materials like cotton and rubbers come from India in the first place.
I'm not suggesting that the process would be free or fast or painless, but risking sanctions for something that could be in-housed for a relatively small in-house fee, and long term savings seems like a stupid thing to do. India needs an external market more than anything; certainly more than spare parts.