India is toast and Modi's continued superpower boast, and factory of the world fabrication is falling apart and losing its support in India. Eleven years in power and India is in even bigger trouble than ever before.
Some people are asking, why is India being hated by all of its neighbors - China, Nepal, Pakistan, Bangladesh, Sri Lanka, Myanmar and even the Maldives with their new leader ordering India to leave. India is just like the USA, trying to bully smaller states, acting like a real superpower on steroids.
Modi's problem is getting worse by the day. Jobs need to be created to absorb the growing population, which is the largest in the world now and India is gloated to be the largest democracy as well. But India failed in its industrialization program, the sector that is able to create jobs en-masse.
This is the result of Modi's failed policies, enacting retrospective laws to punish foreign investors with fabricating accusations to take over control of foreign companies to enrich cronies like Ambani and Adani. India, like the USA, is not the only country that others have to invest in. USA is too expensive to support manufacturing, even if it tries to do today, while India lacks the infrastructure and skills to support a manufacturing base. Investors are not unaware, with Apple providing the bad experience for would be investors to ponder over. The much touted 'population dividend' is more a liability than an asset for India. With robotics and automation using AI becoming the norm in manufacturing, even a large and growing population is of little help.
Anonymous
3 comments:
Jobs will be created by Singapore for Indians as ordered by Modi. If India need more foreign investment, Temasek/GIC are ready to step-in. So who said Modi is destroying India.
Fools rush in where angels fear to tread. How often do we need to say that and yet fools keep rushing into India.
It is impossible to change India, just like it is impossible to change the USA. All because of the depth of the swamp. As long as the same elements are lurking in the swamp waiting to sabotage any semblance of change, change is not forthcoming.
On the other hand, I think China needs to be aware of any thawing of relations with India. There may be something amiss that I still cannot fathom. There is perhaps a sinister invisible hand prodding Modi to close ranks with China for a purpose and agenda. India is just as untrustworthy as the USA, not to talk about a snake. I think Modi does not have the grade and mentality to think carefully about his policies, just tagging on the ego boosting cheerleading of the West about India that probably lifted his ego. That has all be busted like an overinflated balloon.
China has to guard its cutting-edge technology in EVs and batteries especially, with BYD now able to produce EV batteries that only needs five-minute charging. Just like TSMC guarding its lead in chip foundries, China has to think carefully about building more EV and battery factories outside of China relying on its cutting-edge innovation. Vietnam wants China to build high-speed rails but also demands China to pass on the technology to them. Thinking about it, what really matters is that passing current technology may not be that detrimental, not when China is able to develop further its high-speed rail technology with even more cutting-edge building technology that it does not need to pass on later.
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