Comments by "红火树 RedFireTree" (@firetree2007) on "" video.
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No, simple look the data, in 2013, manufacturing is 17% in India GDP..........10 years later under Modi, it dropped to 12.84% ......in 2024,dropped again to 11.6%, India is getting farther away industrialization, large population in India is a burden not a good thing, since there is no job for them, at the same time China now with lots of "dark factories" meaning no human need but all robots so no light even need in these factories,
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In 2005, Ambani's Reliance signed a contract with China's Dongfang Electric Corporation Limited to build a thermal power plant in India. After the contract was signed, Reliance requested a price reduction, but Dongfang refused. Subsequently, in 2009, Reliance signed a new contract with Shanghai Electric at a price 17% lower. Shanghai Electric completed the plant, but Reliance refused to make the payment. In 2019, Shanghai Electric took the case to arbitration in Singapore, but Reliance still refused to pay. India's local high court dismissed Shanghai Electric’s appeal, declaring it illegal. In July 2024, Mumbai police’s Economic Offences Wing (EOW) registered a case against Shanghai Electric for cheating and forgery. Shanghai Electric never received payment from India and is now being sued in India.
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so called India "fast growing economy" is a bubble burst already, India's growth was driven by borrowing massive amounts of money at interest rates as high as 7% to fund infrastructure projects such as highways, tunnels, bridges, dams, and airports. However, the revenue generated from these projects is insufficient to cover even the interest payments, pushing India into a debt trap.In 2024, 23% of the government's budget was allocated to interest payments. With this growing burden, the strategy of borrowing to create an illusion of rapid growth is no longer sustainable. By 2025, interest payments have risen to 25% of the total budget and 37% of total revenue (compared to 16% in the U.S., 7% in China, and 9% in Japan). This means the Indian government must borrow new money just to pay interest on its existing debt.If India fails to maintain a growth rate above 7%, this trend will worsen. By 2030, interest payments could consume 35% of the total budget, leaving little to no funds for other essential expenditures, ultimately stalling economic growth
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