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People are making an error based on the past 20 years of debt binge and capital flooding that took over the world. When the FDI dries up, India is a very weird
by sremani 4y ago
People are making an error based on the past 20 years of debt binge and capital flooding that took over the world.
When the FDI dries up, India is a very weird place. The energy costs will put a number in Asia and Europe in the next decade with dramatic food security challenges.
Overall, at macro level, US beats India, but are there positive offshoots in some niches.. perhaps!
- naravara 4y agoThe US may beat India in macro level economic factors for quite a while to come, but for a more senior professional with a marketable resume I think it's not too hard to find the positive niches. Honestly the main thing that keeps me from moving back is quality of life concerns with traffic, air quality, and noise pollution.
- radicaldreamer 4y agoI think the pollution, weather, water quality, noise, dust, and overall lack of high quality public spaces is a big deal. India is amazing and dynamic in a lot of ways, but there are major intangibles to account for (like how much one values a quiet evening walk in fresh air).
- Ar-Curunir 4y agoYou don't have to live in a Delhi or a Mumbai or a Bangalore. Cities like Dehradun, Ranchi, and more provide many of these amenities.
- sremani 4y agoThe most important amenity is Employment. Only a small portion of people would move to tier-2 seconds and that too because of familial ties not some over whelming amenities. By and large NRIs moving back from US end up in the usual metros at least in the beginning.
- jitix 4y agoI grew up in a state capital and lived in 2 metro cities and honestly the infrastructure was better in my home city in terms of electricity, water and flooding. But there are very few tech jobs, which gives the 2-3 employers there huge leverage due to the lack of job mobility. Hopefully between fibre penetration and WFH culture things will improve.
- spaceman_2020 4y agoMan there is really nothing much to do in these smaller cities. It gets boring very fast. There is also a culture that’s very socially intrusive. People will drop in on you unannounced randomly. Which is great if you’re a socially extroverted person but if you want to get some work done, not the best case scenario
- rakejake 4y agoNot all countries are blessed with the nature's bounty that the US is blessed with. I agree Energy is something India will be working on furiously in the coming decade. I presume both nuclear and renewable will be expanded rapidly. In the interim, India does have good relationships with most energy producing countries (Russia, Saudi). What food security challenges does India have? India has been much poorer in the past and hasn't had any food security issues in a long time.
- jamal-kumar 4y agoI remember when the price of onions went from well under a dollar for a single large onion to about a dollar or more for a large one when there was an enormous amount of flooding in india around 2019-2020, ruining their crops. Apparently the onion is a huge staple out there compared to the Americas and so they needed to source onions from pretty much everywhere else. It sounds like a trivial price increase maybe to some people in more affluent countries but some in Latin America, it was a pretty challenging price increase. My personal groceries bill is about 25$usd per week, meat vegetables and a bit of cereal goods. Used to be less within a decade ago, but hey what can you do - North America I was paying closer to 100
- eldaisfish 4y agoIndia is entirely dependent on the monsoon for fresh water. When combined with a warming climate, this is a disaster waiting to happen. I am 100% confident that we will live to see the days when food scarcity returns to India. Mind you, indian soils are some of the most fertile in the world so this really is an alarming scenario. India's past issues with food scarcity were due to a combination of mismanagement and theft. Partly the british empire and partly the lack of skills in India. Widespread crop failures haven't been a thing for a while now.
- wowokay 4y agoI feel like a good relationship with Russia is not a plus for India right now.
- vkou 4y ago
- weatherlite 4y agoIndia is getting Russian oil pretty cheap now as far as I know, and most likely Iran as well. The U.S is not immune to the energy problem btw, Shale oil is getting more expensive because all the easy spots were already used.
- sremani 4y agoI cannot argue here. What would go wrong, if Russian Oil and Gas are foundational to your Energy Security. Let me call Angela Merkel.
- weatherlite 4y agoIt's very unlikely Russia will do anything to mess up what they have going with China and India...because they don't have much other alternatives. I am not talking morals here ... I am calling it as it is. This has nothing to do with morals.
- bluGill 4y agoIf Russia did reasonable things they wouldn't have attacked Ukraine. Since we are talking about a Russia willing to do stupid things there is no reason to believe they won't mess with India or China.
- weatherlite 4y ago> If Russia did reasonable things they wouldn't have attacked Ukraine If the U.S did reasonable things they wouldn't have attacked Iraq.
- ss2003 4y agoAttacking Iraq was a very, very bad idea. Attacking Ukraine is suicidal.
- 4y ago