America today has nothing to offer to the world other than high end chips and data centres. The economy of America is going to falter without any real growth engine or product. This is the main reason why America's GDP growth has been stuck at 1 or 2% for decades, not going anywhere and over taken by inflation, meaning negative growth if they did not doctored their numbers. Other than the top 1% Americans, the rest of the Americans are seeing their quality of life going downhill. Everything is getting more expensive by designed, by sanctions and tariffs by their clown govt, to make them pay more than they have to...despite China selling them cheap and good stuff.
The future of America is a big blank.
This is not the case in India. India is seeing itself growing rapidly at 7 to 8% or more going forward. How so, what have India got to drive its economy to grow at such high rate? India did not have high end chips, AIs and data centres like the Americans. India did not have EVs, EV batteries, mobile phones, 5G, massive and pervasive consumer goods to sell to the world, massive infrastructure building to offer to the world, rare earths, no shipbuilding, just a nation of assemblers etc etc.
Why is India so confident that its economy will grow at 7 to 8%, much faster than China or any country in the world? This is India's guarded secret. India must have a lot of goods and services and technology that it is going to offer to the world that would supercharged its economy. The Americans should best be advised to go to Delhi to learn from Modi how he is going to do it. Modi would definitely have a lot of advices for the Americans on how to be great again. India is going to be great again and with full confidence of achieving it. The Indians have a good future under Modi.
Failing America and Europe should go to learn from India, the next biggest superpower in the world, bigger than America and China. Europe has sent its delegation led by Von Leyen to tap the Indians' secret programmes. Singapore has full confidence in India and is pouring a lot of OPM into India, for the long term, for the future.
America must learn from India. Idiot Trump should not underestimate Modi and Jaishanker and their Indian tricks. These two will make India great again to snub clown Trump. Trust India and have faith in India becoming the world's number one superpower. Singapore is all in on India. Singapore's future is in India.
Trump's greatest mistake is to chase away Indian talents. Only the Indians can help to make America great again. The Indians can replace all the clowns in Washington, in Congress and the Senate. They have already replaced the no talent American CEOs with Indian CEOs. This is real. Any Indian will make a better president than Trump, including everyone in his cabinet.
If America wants to grow at 7 to 8%, go ask Modi.
4 comments:
USA has lots of cows. Adding cow dung should add some percentage to USA growth.
Isn't is strange that China, the number one trading partner of more than 140 countries, with trade surplus in the trillions, with so many goods and products in high demands across the world, EVs, solar panels, consumer goods, shipbuilding, mobile phones, chips, intermediates, parts and components etc etc and still unable to achieve a 4.5% growth.
And countries that have practically nothing worthy to sell to the world are bragging of 8 to 10% growth? There must be a magic formula somewhere.
Shit, I can't figure it out. Someone please share this wonderful formula.
Volkswagen is halting investments in India to make EVs. It attempted two tie-ups with Indian entities with the first failing apart. Volkswagen thought of transferring the success it enjoyed in China just by uprooting its production facilities to India. It forgot about the underlying supply chains that are non-existent in India. India is insisting on using domestic supplies in India that is impossible to find. Those are just side issues.
What was the real underlying reason Volkswagen halted investments in India? Even before it started its venture of building a factory, the Indian Government is using backdated tax laws to fine Volkswagen US#1.2 billion for tax evasion. India is claiming that US$1.2 billion over a 12-year period, over imports which had already been cleared before by Indian Authorities.
To put that in perspective, Volkswagen's initial investment was US$1 billion, which was reduced to US$700 million over other issues with partners. That backdated tax bill is more than the investment that Volkswagen wanted to invest in India. Think about that.
Volkswagen should just forget about investing in India and pull out completely just like China ditching its investments in nickel production in Indonesia. When the time comes, everything will fall into the hands of the Indian partner.
Hahaha
I believe Red Dot has figured it out. Red Dot must have gotten hold of the formula.
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