Comments by "" (@Rav01508) on "Peter Zeihan || Is India the Next China?" video.

  1. 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
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  2. 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 🚉
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  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😢😢😢😢
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