Trichromatic Posted February 22, 2022 Posted February 22, 2022 https://timesofindia.indiatimes.com/business/india-business/exports-in-2018-19-set-to-finally-scale-2013-14-level/articleshow/68434784.cms Excluding covid phase from the discussion, this is 2019 article.
sandeep Posted February 22, 2022 Posted February 22, 2022 Its not the govt that 'exports'. Their job is to manage the economic ecosystem. Systemic incentives don't favor 'exports'. Its easier for folks to import and resell. The legal and regulatory environment for setting up a factory, labor laws etc - these are the problem. And ribbon cutting, holding conferences in gujarat isn't going to solve these problems. Vijy and Chakdephatte 2
Prakat Posted February 23, 2022 Posted February 23, 2022 (edited) Proud to say that we are the largest exporter of water. Hope we can continue to surpass our records year on year https://www.bloomberg.com/opinion/articles/2019-07-06/india-is-the-world-s-biggest-exporter-of-water-despite-shortages https://www.downtoearth.org.in/blog/agriculture/india-s-water-is-being-exported-as-agri-exports-is-there-a-solution-77966 https://www.downtoearth.org.in/news/water/india-exported-3-850-431-litres-of-water-since-2015-mostly-to-china-govt-75411 Edited February 23, 2022 by Prakat
kepler37b Posted February 23, 2022 Posted February 23, 2022 For exports, in my opinion, we need scale. Scale brings efficiency. That is universal. A chaotic, informal, low-trust and disorganized culture like ours can never scale unless there are huge incentives. For example, we export around $1B of raw cotton to Bangladesh. Can we not manufacture the clothing here and export? Guess what, it is NOT possible. Let us not blame it on labour laws and others. The reason/rot runs deeper. Of course, there is an exception. We are top in every other dirty manufacturing activity that first world and china thinks as hazardous. Pharma, Speciality Chemicals..you name it.
Trichromatic Posted February 23, 2022 Author Posted February 23, 2022 7 hours ago, sandeep said: Its not the govt that 'exports'. Their job is to manage the economic ecosystem. Systemic incentives don't favor 'exports'. Its easier for folks to import and resell. The legal and regulatory environment for setting up a factory, labor laws etc - these are the problem. And ribbon cutting, holding conferences in gujarat isn't going to solve these problems. Are these problems new under Modi govt?
kepler37b Posted February 23, 2022 Posted February 23, 2022 37 minutes ago, Prakat said: Proud to say that we are the largest exporter of water. Hope we can continue to surpass our records year on year https://www.bloomberg.com/opinion/articles/2019-07-06/india-is-the-world-s-biggest-exporter-of-water-despite-shortages https://www.downtoearth.org.in/blog/agriculture/india-s-water-is-being-exported-as-agri-exports-is-there-a-solution-77966 https://www.downtoearth.org.in/news/water/india-exported-3-850-431-litres-of-water-since-2015-mostly-to-china-govt-75411 Anne data's rock. Get free electricity from Govt, dig up borewells, pump the water out, spray tons of chemicals and demand "fair" price from govt. I happened to see a bunch of Farmers in Telangana who were demanding that their crop should get the water from pond before supplying drinking water to Town folks. And I have seen farmers who use Water pumps to dry up the ponds to water their crops. The whipping boy is tax payer and it's good that they are leaving in droves to west and east. Chakdephatte, Clarke and sandeep 3
kepler37b Posted February 23, 2022 Posted February 23, 2022 7 hours ago, sandeep said: Its not the govt that 'exports'. Their job is to manage the economic ecosystem. Systemic incentives don't favor 'exports'. Its easier for folks to import and resell. The legal and regulatory environment for setting up a factory, labor laws etc - these are the problem. And ribbon cutting, holding conferences in gujarat isn't going to solve these problems. Nope. The rot runs deeper. We are not a culture suitable for large scale planning, discipline and organization.
rangeelaraja Posted February 23, 2022 Posted February 23, 2022 12 hours ago, Trichromatic said: https://timesofindia.indiatimes.com/business/india-business/exports-in-2018-19-set-to-finally-scale-2013-14-level/articleshow/68434784.cms Excluding covid phase from the discussion, this is 2019 article. This article is devoid of full facts. It is only factoring exports of goods/merchandise ...not services. India's services exports itself are close to $250B. India is on target to achieve total exports - goods+ services -almost to the tune of $ 650B this fiscal year. https://economictimes.indiatimes.com/news/economy/foreign-trade/india-set-to-achieve-650-billion-exports-target-in-2021-22-piyush-goyal/articleshow/88958792.cms?from=mdr Under_Score 1
Trichromatic Posted February 23, 2022 Author Posted February 23, 2022 15 minutes ago, rangeelaraja said: This article is devoid of full facts. It is only factoring exports of goods/merchandise ...not services. India's services exports itself are close to $250B. India is on target to achieve total exports - goods+ services -almost to the tune of $ 650B this fiscal year. https://economictimes.indiatimes.com/news/economy/foreign-trade/india-set-to-achieve-650-billion-exports-target-in-2021-22-piyush-goyal/articleshow/88958792.cms?from=mdr And how do you explain decline in goods and merchandise exports?
ravishingravi Posted February 23, 2022 Posted February 23, 2022 Also this https://www.businesstoday.in/latest/economy/story/indias-export-in-jan-jumps-25-to-345-bn-heres-what-experts-say-this-means-322710-2022-02-15
Trichromatic Posted February 23, 2022 Author Posted February 23, 2022 3 hours ago, ravishingravi said: Also this https://www.businesstoday.in/latest/economy/story/indias-export-in-jan-jumps-25-to-345-bn-heres-what-experts-say-this-means-322710-2022-02-15 That's increment post covid. 34.5 bn in a month isn't big number considering annual export is 500-600 billion.
rangeelaraja Posted February 23, 2022 Posted February 23, 2022 7 hours ago, Trichromatic said: And how do you explain decline in goods and merchandise exports? How do you conclude that it is a "decline" ? It has remained more or less flat considering that the numbers are in USD and the INR has decline nearly 25 % vs. USD from 2013 to 2019. Under_Score 1
rising Posted February 23, 2022 Posted February 23, 2022 (edited) 22 hours ago, Trichromatic said: https://timesofindia.indiatimes.com/business/india-business/exports-in-2018-19-set-to-finally-scale-2013-14-level/articleshow/68434784.cms Excluding covid phase from the discussion, this is 2019 article. I don't have much knowledge on the above topic in thread on exports , but as your creating quite few topics on economics I would like your view on how much and how the fuel price hikes(after election) and existing inflation will effect Indian economy?. Not sure if we have economic thread so asking it here I would like hear others opnion on it well Edited February 23, 2022 by rising
Trichromatic Posted February 23, 2022 Author Posted February 23, 2022 39 minutes ago, rising said: I don't have much knowledge on the above topic in thread on exports , but as your creating quite few topics on economics I would like your view on how much and how the fuel price hikes(after election) and existing inflation will effect Indian economy?. Not sure if we have economic thread so asking it here I would like hear others opnion on it well I have very little understanding of economics, factors and policies. coffee_rules 1
sandeep Posted February 23, 2022 Posted February 23, 2022 12 hours ago, kepler37b said: Nope. The rot runs deeper. We are not a culture suitable for large scale planning, discipline and organization. That's a bit......exaggerated. Culture is something that's always evolving, and can be pushed in productive directions. Singapore is different than Malaysia/Indonesia etc purely due to design, leadership, and execution. They created a better culture. India can do it too, especially in sections and pockets. Look at Bombay, Bengaluru, Hyderabad, Chennai today.
sandeep Posted February 23, 2022 Posted February 23, 2022 13 hours ago, Trichromatic said: Are these problems new under Modi govt? You know they are not, but what has "modi govt" done to address the well known core underlying issues on improving the ecosystem for manufacturing? What legal and regulatory changes have they made? Their "bold" note demonetization cost Indian Economy billion$ - I can forgive mistakes done with good intent, sometimes things don't work out as planned. But they've had close to a decade now in power, can't keep making excuses and blaming Nehru and Congress.
rangeelaraja Posted February 23, 2022 Posted February 23, 2022 (edited) 14 hours ago, kepler37b said: Nope. The rot runs deeper. We are not a culture suitable for large scale planning, discipline and organization. It has nothing to do with culture. Its has to do with democracy Industrialization is a disruptive process that requires extensive mobilization of land, resources etc...it is not compatible with modern democracy, where dissent and opposition are always considered "healthy" All the "rich" industrial countries even in Asia - Japan, South Korea, Singapore had their best period of industrialization when they were under dictatorial rule or non democratic governance. Japan industrialized like mad post Meiji restoration when imperial non democratic Japan came into being. South Korea industrialized from a piss poor economy under the rule of Park Chung- Hee from 1963 to 1979. Singapore has been ruled by one family ( first father, now son ) with an iron fist. It is hardly a democracy. The West industrialized when they were colonial powers under monarchs. It is not India's culture per se but democracy that is the biggest impediment to massive industrialization. Which is why we can only envy what China can do at a breathtaking pace. Everything China has done over the last 30 years - was done before them by Japan, South Korea and Singapore. US is a very rare example where inspite of democracy they were able to industrialize massively. Edited February 23, 2022 by rangeelaraja sarcastic and Under_Score 1 1
Clarke Posted February 24, 2022 Posted February 24, 2022 coz mudi has forced minority bijnus to close which reduced exports what is the point in debating a 3 yr old article, don't we have current numbers ? f20143g70 1
ravishingravi Posted February 24, 2022 Posted February 24, 2022 19 hours ago, Trichromatic said: That's increment post covid. 34.5 bn in a month isn't big number considering annual export is 500-600 billion. Covid will have base impact in terms of % increase. How can all time highest monthly aboslute exports be attributed to covid last year ?
Trichromatic Posted February 24, 2022 Author Posted February 24, 2022 1 hour ago, ravishingravi said: Covid will have base impact in terms of % increase. How can all time highest monthly aboslute exports be attributed to covid last year ? Yearly exports has been 470-650 billion for last 10 years and 34 billion is all time highest monthly export? Something doesn't add up there.
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