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It seems you're the one who's plenty misinformed. Most countries outsource when labour costs in their own country inch higher and it makes sense to use cheaper
by shubhamjain 1y ago
It seems you're the one who's plenty misinformed. Most countries outsource when labour costs in their own country inch higher and it makes sense to use cheaper external labour supply. Same is not the case with India, where labour costs are still extremely cheap. Even with sky-high import duties, we're not competing with China.
I never said we don't manufacture. There are few notable industries that we are decent at and export it as well: two wheelers, pharma. But we manufacture only teeny tiny bit of mass-manufactured goods, especially electronics.
Self-reliance makes no sense when you're trying to one component out of hundreds involved. Sure, it won't be entirely useless, it will decouple some of the chip imports for defense and auto, but it will do nothing to bootstrap the electronics industry.
- fuzztester 1y agoYou said, in a previous comment in this thread: >India lacks even the most basic manufacturing. "lacks even the most basic" implies that we don't have the higher stuff too. That in turn implies that we don't have any. All of which is false, based on the earlier links that I provided. Are you saying that those are lies? (Also anyone can google that info for themselves.) Then be open about it, and say so directly. That was such a global, wide-ranging and patently false and pretty insulting statement (even if ignorantly done) that you made about Indian manufacturing. Many top Indian multi-hundred-crore-or-multi-thousand-crore turnover (in rupees) industrialists or groups like the Tatas, Birlas, Bajajs, Singhanias, Thapars, Godrejs, TVS group, TTK group, Munjals, Ambanis, Premjis, and many more, may like to have a word with you, or rather, would smile and giggle at your ignorance. And now you try to weasel your way out of it by saying, in the comment above that I am replying to: >I never said we don't manufacture. Those two statements are clearly quite contradictory. Laughable. Even your first paragraph above is wrong. I have had enough of your false arguments. If I feel like it, I may point out what is wrong with that, later, otherwise not. And about this: >There are few notable industries that we are decent at and export it as well: Maybe check out the difference between "few" and "a few", which have opposite meanings (a mistake that Indians often make), and at the same time, improve your English grammar generally. ”it" is used for singular, not plural nouns.
- fuzztester 1y agoCan't help but post another link, related to what I said above: >Many top Indian multi-hundred-crore-or-multi-thousand-crore turnover (in rupees) industrialists or groups like the Tatas, Birlas, Bajajs, Singhanias, Thapars, Godrejs, TVS group, TTK group, Munjals, Ambanis, Premjis, and many more, may like to have a word with you, or rather, would smile and giggle at your ignorance. Here you go: List of largest companies in India: https://en.m.wikipedia.org/wiki/List_of_largest_companies_in_India https://en.m.wikipedia.org/wiki/List_of_largest_companies_in... Not all of those are about manufacturing, but many are. Their combined total revenue adds up to hundreds, if not thousands, of billions of US dollars, going by a simple conversion of thousand crore rupees to USD that I just did in Google. I will let others check it for themselves.
- fuzztester 1y agoI have to post another comment, even though I said I would not in my previous one, because your comment is so ignorant; >There are few notable industries that we are decent at and export it as well: two wheelers, pharma. But we manufacture only teeny tiny bit of mass-manufactured goods, especially electronics Note highlighted words and compare them with what I say below, people. Check the result of this Google search that I just did: >highest selling 100 cc motorcycle in the world And an excerpt from the results: >The Hero Splendor is the highest-selling 100 cc motorcycle in the world. It is a popular commuter bike in India and is known for its fuel efficiency and low maintenance. The Splendor consistently leads the 100 cc segment in sales, and Hero MotoCorp, its manufacturer, is the world's largest two-wheeler manufacturer by volume. If that is not a mass manufactured good, I don't know what is. >Self-reliance makes no sense when you're trying to one component out of hundreds involved. What the heck does "trying to one component" mean? Ungrammatical again. Overall, your comments are full of falsehoods and crap. Definitely not worth following up on.