This is why 'Make in India' is a farce

by confuzzled dude Mon Sep 05, 2016 12:56 pm

https://www.fastcoexist.com/3049699/indias-unskilled-workers-have-nowhere-to-go-when-the-robots-take-over

by Hellsangel Mon Sep 05, 2016 1:07 pm

Isn't that the sort of thing that you and Il Professore laud in Obambi's economy, Comrade?

by silvermani Mon Sep 05, 2016 1:19 pm

Hellsangel wrote:Isn't that the sort of thing that you and Il Professore laud in Obambi's economy, Comrade?

"Affordable Care Act" is another farce perpetrated by Obummer. But lofty perch dude and ivory tower professore will tell you how wonderful it is.

by confuzzled dude Mon Sep 05, 2016 8:01 pm

So how are we doing so far? If you believe the headlines, pretty well. Responding to the lifting of foreign direct investment (FDI) caps in several sectors, efforts to improve the ease of doing business and of course Prime Minister Modi’s frenetic wooing of investment in foreign travels, gross FDI flows to India jumped 27% to $45 billion in 2015-16, an all-time high. Even the Finance Ministry’s usually measured Economic Survey 2015-16 touted the FDI increase as a success for Make in India. With our social media feeds full of stories about this or that investment, clearly the #MakeInIndia lion is roaring.

But the closer you get to the lion, the more the roar sounds like a meow.

Consider the most recent FDI data from the Reserve Bank of India (RBI), broken up by sector, since Make in India specifically concerns manufacturing. After an encouraging jump to a record $9.6 billion in 2014-15, FDI in manufacturing actually fell to $8.4 billion in 2015-16 (below the $9.3 billion it had reached in 2011-12).

Furthermore, the percentage of FDI flowing to manufacturing, which has been in the range of 35-40% for the past four years, dropped to 23% in 2015-16. Rather than manufacturing, services – think e-commerce providers like Amazon, Snapdeal and Flipkart, ride-sharing services like Uber and Ola – seem to be drawing a greater share of the investment.

The Tejas is an Indian fighter plane that has been in development for more than two decades and first flew in 2001, but let’s label it #MakeInIndia. The BrahMos is a modified Russian cruise missile with Indian software that entered service with the Indian Navy in 2005, but, hey, why not #MakeInIndia

http://thewire.in/62808/a-closer-look-at-make-in-india/

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