if u compare Huawei and BYD with Indian giants..........................its clear Huawei and BYD has missions far beyond personal fortune. Patriotisms and what they can do for the country is a high priority.
One of the world's fastest-growing economies India attracted the highest ever FDI inflow of $83.57 bn during financial year 2021-22 Source: Department of Promotion of Industry and Internal Trade, Govt. of India Hon'ble PM Shri Narendra Modi announced a special economic and comprehensive package of more than $270 bn - equivalent to 10% of India’s GDP, under the Atmanirbhar Bharat Abhiyan (Self-reliant India). Source: Prime Minister's Office, Ministry of Finance India’s economy is projected to grow at 6.7% in 2022, the fastest in the world during the year Source: United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2021 India’s real GDP is projected to grow at 9% in both 2021-22 and 2022-23 and at 7.1% in 2023-24. This projects India as the fastest growing major economy in the world in all these three years. Source: Ministry of Finance
Largest youth population in the world The population of India is expected to rise from 121.1 cr to 152.2 cr during 2011-36 an increase of 25.7% in twenty five years. Source: National Commission on Population, Ministry of Health & Family Welfare India has its largest ever adolescent and youth population. It will continue to have one of the youngest populations in the world till 2030. Source: United Nations Population Fund India has the third-largest group of scientists and technicians in the world. Source: All India Management Association, The Boston Consulting Group Ministry of Youth Affairs and Sports signed a Statement of Intent with YuWaah with UNICEF to strengthen resolve to mobilise 1 crore youth volunteers to achieve goals of Atmanirbhar Bharat Source: Ministry of Youth Affairs By 2030, it is estimated that around 42% of India’s population would be urbanised from 31% in 2011. Source: World Bank
REASON 03 Indian infrastructure story Hon'ble Finance Minister Smt Nirmala Sitharaman announced the National Infrastructure Pipeline first-of-its-kind initiative to provide world-class infrastructure across the country. The NIP will attract investments into infrastructure and will be crucial for attaining the target of becoming a $5 Tn economy by FY 2025. Nearly 7,000 projects across different sectors costing above INR 100 Crore per project and totaling INR 111 Lakh Crore have been identified Sectors such as Energy (24%), Roads (18%), Urban (17%) and Railways (12%) amount to around 71% of the projected infrastructure investments in India. Source: Department of Economic Affairs, Ministry of Finance and India Investment Grid An equity infusion of INR 6,000 crores has been made in the National Investment and Infrastructure Fund (NIIF) Infrastructure Debt Financing Platform to attract debt and equity investments in infrastructure Source: Prime Minister's Office, Ministry of Finance India Industrial Land Bank (IILB), a GIS-based portal, is a repository of all industrial infrastructure-related information containing approximately 4,000 industrial parks mapped across an area of 5.5 lakh hectares of land Source: Ministry of Commerce & Industry
REASON 04 Rising global competitiveness India jumps 79 positions from 142nd (2014) to 63rd (2019) in 'World Bank's Ease of Doing Business Ranking 2020'. Source: World Bank India ranks 68th on the Global Competitiveness Index 2018-19. Source: World Economic Forum India jumps 6 places to 37th rank on IMD’s World Competitiveness Index; Denmark tops chart 95% of 1.2 billion Indians are covered under Aadhar Scheme, one of the world’s largest social security program. Source: Press Information Bureau, Government of India Pradhan Mantri Jan Dhan Yojana, a formalization of savings scheme under which 312 mn bank accounts have been opened with savings amounting to $11.6 bn. Source: Ministry of Finance, Government of India Goods and Services Tax (GST), the biggest tax reforms since independence, paves way for a common national market by integrating various indirect taxes. Source: Government of India
REASON 05 Global Innovation Index 2022 India climbs to the 40th rank in the Global Innovation Index; a huge leap of 41 places in 7 years Source: World Intellectual Property Organization India ranks #1 in the Central & Southern Asia Region Source: World Intellectual Property Organization India ranks 3rd amongst the Lower Middle-Income Economy Group Source: World Intellectual Property Organization
REASON 06 Rising economic influence Centre of global maritime trade to move from the Pacific to the Indian Ocean Region. India and China will be the largest manufacturing hubs of the world by 2030. Source: Lloyd’s Register Marine & University of Strathclyde, Glasgow Connectivity to Central Asia and Europe via the International North-South Transport Corridor (INSTC). Source: Press Information Bureau, Government of India In the next five years, India to have greater economic influence across the Asia-Pacific Region. Source: Baker McKenzie & Mergermarket Group
Modernity based on American model Indian model and individualism don't work, too narrow, too shallow, too much breaking points,......the world is too complex,
The best model must include harmony, support systems, charity, good philosophy, patience, wisdom, social order, good government, good morals, good relationships, long termism, talk less, fight less,
China on Sunday announced a draft budget for 2023 which will see the country's annual defense budget rise to 1.5537 trillion yuan ($224.79 billion), an increase of 7.2 percent,remaining single-digit for the 8th consecutive year.
If great grand father originated from China does not mean he is a communist. A person speak and write Chinese does not mean he must be communist or pro-communist.
My point is can a new start up company founded in single generation like BYD in 1995 be so successful in any other countries where big or small business are monopolies by the few elite business groups?
Mukesh Ambani, in full Mukesh Dhirubhai Ambani, (born April 19, 1957, Aden, Yemen), Indian business mogul, chairman and managing director of the Indian conglomerate Reliance Industries Limited (RIL), the foremost company of the Indian energy and materials conglomerate Reliance Group. Ambani was one of four children of Dhirubhai Ambani, who first worked as a gas station attendant. Because of the increasingly unstable political climate in Aden, where Mukesh was born, the family relocated in 1958 to the Bhuleshwar neighbourhood of Bombay (now Mumbai), where they lived in a chawl (a communal building that commonly features low-rent two-room apartments). In the same year, Dhirubhai and a cousin founded the Reliance Commercial Corporation, which grew into RIL from a commodities-trading business that they initially operated out of a one-room rental space.
Ambani earned a bachelor’s degree in chemical engineering from the University of Bombay (now the University of Mumbai) and subsequently pursued a master’s degree in business administration from Stanford University. However, he left the program in 1981 to join the family business, where he worked to diversify the company, venturing into a vast array of areas, including communications, infrastructure, petrochemicals, petroleum refining, polyester fibres, and gas and oil production. In 2004 he was named one of the world’s most-respected business leaders by the professional-services firm PricewaterhouseCoopers.
Mukesh Ambani is one of the wealthiest people in the world. As the largest shareholder of Reliance Industries Ltd., a business left to him by his father, Ambani holds a rare position. The company went public in 1977 by his tycoon father Dhirubhai Ambani, but he didn’t just rely on his inheritance. So, how did Mukesh Ambani get so rich?
He’s more than just a shareholder – Ambani is his company’s chairman and managing director. After withdrawing from an MBA program at Stanford, he spent a lot of time helping his father’s burgeoning business.
By that point, it was already a conglomerate, which he subsequently helped to expand into a variety of ventures.
Dhirubhai Ambani is the father of Mukesh, and founder of Reliance Industries. He was credited for starting a global company from the poorest and most humble of beginnings. Widely admired for his motivational sayings and for how much he inspired those around him, Dhirubhai died in 2002 aged 69.
Ambani’s and Adani’s wealth has multiplied almost five times and three times respectively in the last six years. The key to Ambani’s soaring wealth is not innovation but monopoly. He holds a monopoly in every sector, whereby his company Reliance has a presence whether it is telecoms, oil, retail or entertainment. There are many instances where he has used his political support within the ruling government to subvert laws into his favor
There is nothing wrong in monopoly if they can provide excellent service at reasonable cost. A monopoly becomes toxic when it cannot provide good service and keeps increasing cost just like Malaysian monopolies. The only people who attacks them are political opposition mouthpiece who are incorrigible themselves.
A big problem for Tesla is the high cost of Lithium Though Tesla used last week's event to introduce new measures to support its bid to produce low-cost EVs last week – such as a new $5 billion Tesla gigafactory in Mexico – it didn't meaningfully discuss plans to reduce the high costs of its raw materials for batteries, namely lithium.
Moores told Insider that Tesla's next gen EV will need to make use of a particular type of lithium known as lithium iron phosphate (LFP) – a form of the metal that can be used to produce lower-cost, safer batteries.
Tesla has committed to LFP technology, confirming that almost half of its vehicles produced in the first three months of 2022 were LFP-based. There are, however, a few problems with this approach. Musk himself said at the Investor Day event that though "there's enough lithium in the United States to electrify all of Earth," the limiting factor is transforming the metal into battery-grade materials.
Till today Tesla still the most profitable EV car manufacturer.
There are many monopoly companies in China too all owned by CCP family business those involved in Tele-communication, oil & gas, Banking sectors .. Thats why Jack Ma chopped off because he challenge CCP banking system.
Indian infrastructure story Hon'ble Finance Minister Smt Nirmala Sitharaman announced the National Infrastructure Pipeline first-of-its-kind initiative to provide world-class infrastructure across the country. The NIP will attract investments into infrastructure and will be crucial for attaining the target of becoming a $5 Tn economy by FY 2025. Nearly 7,000 projects across different sectors costing above INR 100 Crore per project and totaling INR 111 Lakh Crore have been identified Sectors such as Energy (24%), Roads (18%), Urban (17%) and Railways (12%) amount to around 71% of the projected infrastructure investments in India. Source: Department of Economic Affairs, Ministry of Finance and India Investment Grid An equity infusion of INR 6,000 crores has been made in the National Investment and Infrastructure Fund (NIIF) Infrastructure Debt Financing Platform to attract debt and equity investments in infrastructure Source: Prime Minister's Office, Ministry of Finance India Industrial Land Bank (IILB), a GIS-based portal, is a repository of all industrial infrastructure-related information containing approximately 4,000 industrial parks mapped across an area of 5.5 lakh hectares of land Source: Ministry of Commerce & Industry
Silly, I am talking about lack of infrastructure investment for India in the past 25 years. If politician promised plan for next 25 years can be trust then pigs can fly.
Democratic elected politicians only think short term about their next election and all those talk about long term 25 years plan is just for show to win the next erection/election.
India's Modi unveils $1.3tn infrastructure plan 'for next 25 years' Project aims to set long-term direction, but funding source is unclear
October 13, 2021 19:55 JST NEW DELHI -- India's Prime Minister Narendra Modi on Wednesday launched an ambitious 100 trillion rupee ($1.3 trillion) plan for integrated infrastructure development aimed at creating employment for hundreds of thousands of people and strengthening the economy.
"With the resolve of a self-reliant India, the foundation of India for the next 25 years is being laid," Modi said, adding that the plan will promote next-generation infrastructure and improve transport connections.
Democracy and Communism is not a peaceful system Communism is dictatorial Democracy is chaotic with full of rights and riots. Capitalist, politicians and bribery have the final say. Small country does mean a successful democracy. Sri Lanka is an example of a failed democracy and bankrupt Secure borders depends on who are the neighbours. If they are jealous and are expansionist, of course borders are not save. Developement is an ongoing process according to time and technology. There is no timeline and just a state of mind. Education depends on individual capability and need, it cannot be choked. Education does not guarantee success. "Not all educated people are successful and not all successful people are educated."
All you have to do is a little bit of searching before appearing silly.
Many people dont know CCP depends on too much leverage on the infrastructure and property bubbles to boost up GDP. It can be done easily by dipping a hole and covering back the hole to boost up the GDP on numbers, however, it does not generate any value to the development anymore with very high leverage. How CCP local government to generate GDP, by selling lands to developers, then developers build very expensive housing to the market. It is too expensive to afford and now the 3 years lock down the property bubble burst, the property value dropped by 50%. Due to the banking system , the local banks even discharge all the payments to developers when the building complete only 50%. The sales drop the developers not able to generate cash flow to continue the building construction work and caused thousnds of abandoned buildings all over the cities. And now homebuyers cant get the completed units to stay but still to pay their housing loans. As such, homebuyers stopped paying housing loan due to many jobless or pay. The local banks are in financial crisis and caused the depositors cant withdraw their money. CCP cant rely on infrastructure construction and property to boost up their GDP anymore which normally contributed 30% of GDP.
China attitude...non interference and that every country should and can find its own way based on its unique circumstances and history. A very good attitude.
Evil axis continue to expand their land boundary to challenge the current world order. UN, EU, NATO, AUKUS, Indo-Pacific, Asean countries are the same alliance to defense.
Africa loves China.....that is beyond doubt already. The west will try to paint a different narrative but no takers in Africa.....
Whether u are a politician or a voter in Africa it's natural to be pro China.....and it's very popular in Africa nowadays to say...no more lecturing from the west. We are now independent and we have an alternative which were not available before.
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India is america's favorite child..... but I more bullish of africa than India.