Comments by "" (@Rav01508) on "India 'Most Preferred' Emerging Market For Morgan Stanley in Asia; China Downgraded | Details" video.

  1. China enjoyed almost 40 years of uninterrupted, continuous progress through industrialization and exports led growth in an era where globalisation and free trade rule supreme. China recorded an annual average growth rate of 9.9% from 1980 all the way to 2015. With a record high of 14.7% growth rate in 2014 alone! Only now is India trying to copy Chinese success model, at a time of trade protectionism and worse, AI assisted automation in manufacturing. Which would wipe out 90% of all manufacturing jobs by 2035. India missed the train 🚂 and it's the last train 🚉
    4
  2. Listen carefully Indians! China has $3.5 trillion dollars worth of forex reserves. Plus China has $2 trillion dollars worth of loans to BRI countries. On top of that, China has $3 trillion dollars worth of assets globally like mineral rights, ports, start-ups, stocks, sovereign wealth funds etc. Add to that, China recorded $880 billion dollars worth of trade surplus last year alone. While India only got $500 plus billion forex reserves and India wants to counter China? This is not even a David vs. Goliath kinda thing, this is an ant taking on a T-rex 😂
    4
  3. A total 10,655 MSMEs ( micro, small, medium enterprises) shutdown in 2022- 23 *20,000 MSME industries shut down in India in three years. * 3552 foreign companies, subsidiaries closed in India between 2017 and 2022. *In last three years over 2 lakhs companies in India have gone out of buisness, Indian government informed in Parliament. *Between 2014 and November 2022 , up 2783 foreign companies left India, Commerce and Industry minister Piyush Goyal told parliament late last year. These include Metro AG, Holcim, ford, Royal Bank of Scotland, Citibank, Harley Davidson, among other😢😢😢😢
    3
  4. According to a World🌎 Bank Research 2022, - AI assisted automation in manufacturing would wipe out almost 90% of all factory 🏭 workers by 2030 - Major exporting countries like Germany🇩🇪 and China🇨🇳 would stand to gain the most in terms of higher productivity and lower costs of production. They're investing heavily on AI. - Developing countries with a growing population such as India🇮🇳 would be deprived the opportunity to industrialise and remain poor, forever 😢
    3
  5. The problem with India's failed attempt to industrialise • Too much emphasis on replacing China instead of focusing on the essential requirements for industrialisation • Gov't interference • Not so business friendly policies especially with taxation • Foreign companies are not allowed to compete with local enterprises, especially those owned by Ambani and Adani • Archaic labour laws which favour Indian workers • Indian workers are not very productive, absenteeism is a major issue
    2
  6.  @gaurav.d.1591  China enjoyed almost 40 years of uninterrupted, continuous progress through industrialization and exports led growth in an era where globalisation and free trade rule supreme. China recorded an annual average growth rate of 9.9% from 1980 all the way to 2015. With a record high of 14.7% growth rate in 2014 alone! Only now is India trying to copy Chinese success model, at a time of trade protectionism and worse, AI assisted automation in manufacturing. Which would wipe out 90% of all manufacturing jobs by 2035. India missed the train 🚂 and it's the last train 🚉
    2