"Make in India" Relies on "Made in China"
hinrichfoundation.com25 points by Ozarkian 14 hours ago
25 points by Ozarkian 14 hours ago
I'm surprised that China would permit corporations to enter into joint ventures with Indian ones.
A lot of people (surprisingly often Indian Americans for some reason) don't like to hear it but India and to a lesser degree Mexico is probably going to be the China of the next decade or two. It would be insane for China to not do that.
> India and to a lesser degree Mexico is probably going to be the China of the next decade or two
Do you have anything to support that? My read of that article suggests that India's manufacturing has declined and the "Make in India" initiative wasn't a success. So how does India become China over next decade?
Not entirely surprising. Dustin (Destin?) from smarter every day tried to get some chainmail from India. Ended up being drop shipped from china
And, to be clear, it was falsely marketed otherwise. They only realized because it was still in the Chinese boxes.
That seems like outright fraud to me, but it doesn't seem like they're going to challenge it based on the video?
Lot of it comes down to where the factories are built. Building fabs is hard and expensive. And when the U.S. has assigned Permanent Normal Trade Relations with China, which in the oughts, ballooned investment in facilities over there and streamlined shipping... And not much else it was intended to do, but that suited the businessmen's interests just fine.
Why wouldn't the Indians pull a fake it til ya make it? Hell of a lot easier than actually doing the thing and competing... Even though that's kinda the whole point of capitalism. But we abandoned that long ago, and the Silicon Valley types and VC types in particular have sworn off it. Dollars and monopolies first. Competition (and lower prices therethrough)? Nah. A sucker's game they say.
https://en.m.wikipedia.org/wiki/Permanent_normal_trade_relat...
I guess I'm a sucker and an idiot, because my answer is simply "because it's wrong". Not to mention, illegal, and them not reversing the transaction only allowed the bad actor to profit.
I'm not excusing them, just like I'm not excusing a scam call center that steals from the elderly.
India's emotional reaction every time it feels someone has stepped on its toes will hinder development for a very long time.
"Beijing has done something we don't like, now we must start harassing all Chinese companies."
India must come to terms with the fact that it is still at Kenya's per capita income level.
The insinuation here is that Kenya is poor, but Kenya is fairly well off. What we are seeing around the world is a global rise in living standards which is great.
India's GDP Per capita numbers are highly thrown off by how cheap it is and how young it is.
That being said, Indian GDP PPP per capita is 12k, while Kenya is at 7.5k, so about 66% larger than Kenya
People like to mention GDP per capita with India as if it's some kind of flex. Indian GDP per capita by PPP is not the highest in the world, but fairly typical for a developing country and it has a high growth rate.
>>fairly typical for a developing country and it has a high growth rate.
Exactly, nothing special in other words. I would bet on Mexico, Columbia, Philippines and Vietnam before India. The government has no ideas except for a bit of autarky and whipping up anti-Muslim sentiment.
India's growth rate is higher, and it has more stable family formation than those countries.
Regarding 'anti-muslim' sentiment... This is a tired trope. Muslims get special privileges in India that no other country gives them. Taking those away is not anti Muslim. I'm from a minority community in India myself (Christian). While it's not the greatest situation it's helluva lot better than other countries in the region.
Phillipines has similar issues with Islamic terrorism and takes similar stances to India but manages to fly under the rug somehow.
“A commercial company enslaved a nation comprising two hundred millions. Tell this to a man free from superstition and he will fail to grasp what these words mean. What does it mean that thirty thousand people, not athletes, but rather weak and ordinary people, have enslaved two hundred millions of vigorous, clever, capable, freedom-loving people?”
This was written by the famous Russian author Leo Tolstoy in 1908. It was in a famous letter he wrote that Mahatma Gandhi later republished in his newspaper.
Considering the British East India Trading Company, which was a corporation, enslaved the country of India for a hundred years….I think it makes sense India feels an “emotional reaction” when some corporation “steps on its toes.”
As an American president once said:
“Fool me once shame on you. Fool me twice…you can’t get fooled again!”
India became independent in 1947 inheriting from the Raj great infrastructure and a working administrative system. That was one year before the proclamation of the CRP at a time where China decided to somehow destroy itself with idiotic agrarian reforms.
Now take a look at India and China nowadays. Maybe some hard questions need to be asked regarding what India did in the past 70 years. Colonial history is an easy excuse to brandish. Does it truly help? I’m unconvinced.
India's share of world GDP fell from ~24% in 1700 to ~4% in 1950. There was an explicit de-industrialization of India - colonial Britain destroyed the textile industry deliberately. Keep them poor and stupid was an explicit state policy.
India was heavily exploited by the British compared to China. Extraordinary raw transfer of minerals to the British - most geographical areas were fully exploited of gold, diamonds, coal, manganese, mica, etc. Mines were left utterly bereft - colonial Britain was world-leader in resource extraction. Enforced cash-crops agriculture -instead of local crops that could feed people, farmers were forced to plant indigo, cotton, opium, tea, etc. This resulted in several mass famines.
Independent India was left dead poor - extraordinarily more poor than China with no mineral wealth left to support industrialization.
China was only semi-colonized and retained nearly all its mineral wealth.
No serious person blames colonialism for India's slow development (stop listening to loud mouths online).
Honest people know it's because India, while a liberal democracy, was actually more socialist and centrally planned than China, up until the 90s when the first free market reforms were made. This is almost two decades after China opening up.
Honestly people on the internet have warped views of both India and China.
As for what India did... This is an ancient society which still has customs and such dating back God knows how long. It is not easy to change. Simply existing as an independent nation after almost 1000 years of foreign rule is an achievement.
I've not been to India in almost a decade now, but when we visited regularly growing up, the amount of progress every trip was astonishing. I don't see how anyone can deny that