Govt saying no to Investment yesterday
The Govt yesterday looked down upon 1 Billion Amazon investment.
China reaches $10000 per capita income. India is just around $2000/. That is the gap we need to bridge. Going by the current policies and growth rates, I suspect it will take a few decades to reach that figure, by which time China will again be way, way ahead.
Urgent need to change approach and policies. Request LocalCircles to escalate to PM. His ministers are messing up. more
Dear Rishi Madethatt, Real life is much different from what we might have read in Class. If the price of goods on e commerce sites was low due to what you say, how come all of them ( Amazon, Flipkart etc etc are running into billions of rupees of losses) . And in some cases goods are being sold at lower that the manufactured price.
If I run my company in such a manner that it endures losses despite being in a dominant position, then if I bring in money to cover the losses, it is not investment as this money will neither lead to creation of any infrastructure or employment more
It is not easy. Govt. Alone can not do it. Our cost of production is much higher compared to China inspite of china labour cost increasing to higher than us. Our productivity is not good enough. I am a businessman and have seen chinese manufacturing very closely. Their productivity is the key. We all INdians will have to change and make company we work for treat as our own company and give 100%. Then only we will survive. Forget reaching 10000 USD income. With increasing globalisation, manufacturing will go to places where cost is low. Cost does not depend only upon labour salaries. It includes productivity as well. Quality and productivity will decide winners. Industry is not coming to India from China, it is shifting to Vietnam, Combodia, Thailand, Indonesia etc. who were much less developed compared to India but are surging ahead now purely on quality and productivity. Bangladesh is also almost neck to neck with India now. Let's be honest and improve ourselves and brace for a long battle of quality and increased productivity to be a winner. more
Writing without understanding the issue is unprofessional. Amazon is not following the rules set by government and adapting predatory pricing and deep discounts which lokal retailer or manufacturer is not able to match. They are bringing that money to cover the losses accumulated due to deep discounting. Do we need investment which destroy the local retailing and manufacturing. If local retailing and manufacturing is destroyed how employment can be created for huge masses. A billion of dollars brought by Amazon may destroy a million of employment. Do we need that? Why we educated don't think beyond what is obvious? more
Wow. U started by saying that it is unprofessional to speak about an issue without understanding it. And then you followed it by doing exactly that. The credit flows currently is quiet low. 87.6% decline to be exact. Amazon is not in loss. The heavy discounts is due cutting of the distribution network which is affecting the current retailers but that's what the advent of cellphones and internet has brought on. Secondly, his investment in India might increase his presence in the indian market but it will give us a boost in the economic slowdown we are currently facing more
OUR CURRENCY AT ALMOST Rs70 / $. JUST BRING IT TO 50 LEVEL,EVERYTHING WILL BE FINE. more
Yes so easy. Isn't it. Bring it down to 50. Why didnt we think of it. more
Deepak. If you feel you can fill in the place, do let us know. We will vote for you. more