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Nilgiri

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Nilgiri

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Modi’s government is pushing to overhaul India’s heavily regulated education sector to woo nearly 7,50,000 students who spend about $15 billion each year pursuing degrees overseas, Education Minister Ramesh Pokhriyal ‘Nishank’ said in written responses to questions.

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Nilgiri

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Synopsis:

Despite buoyant industry and agriculture, services and the metros will drag the economy down for the rest of 2020 and most of 2021. Only in 2022 is GDP likely to recover to the pre-Covid level. That bolsters the argument for another fiscal stimulus and further easing of lockdowns.

(more at link)
 

Nilgiri

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Nilgiri

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Nilgiri

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@Joe Shearer @Paro

If you ever needed further idea of just how much extreme cherrypicking the administration is doing have a look at the original paper (esp pages 62 - 64 for the tax/GDP ratio etc) that give the ample context and analysis (esp what demon did w.r.t GST and w.r.t other underlying programs/trends):

Lahiri Paper

and compare to this fluff piece (using something taken well out of context from the lahiri paper) by the current CEA:


I hope the original paper author (Amartya Lahiri) really says something about this nonsense in his twitter feed at least....given levels this CEA "article" is now being spammed.

The Lahiri paper also has commentary on the conclusions the other papers the CEA brings up in a very different vein to what he is insinuating (with the digitization effect)
 

Joe Shearer

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@Joe Shearer @Paro

If you ever needed further idea of just how much extreme cherrypicking the administration is doing have a look at the original paper (esp pages 62 - 64 for the tax/GDP ratio etc) that give the ample context and analysis (esp what demon did w.r.t GST and w.r.t other underlying programs/trends):

Lahiri Paper

and compare to this fluff piece (using something taken well out of context from the lahiri paper) by the current CEA:


I hope the original paper author (Amartya Lahiri) really says something about this nonsense in his twitter feed at least....given levels this CEA "article" is now being spammed.

The Lahiri paper also has commentary on the conclusions the other papers the CEA brings up in a very different vein to what he is insinuating (with the digitization effect)
Amartya Lahiri? Did you mean my much disliked batchmate from Presidency, Ashok Lahiri?
 

Nilgiri

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Amartya Lahiri? Did you mean my much disliked batchmate from Presidency, Ashok Lahiri?

Nope this is another Lahiri (he is based here in Canada at UBC), more low key compared to your batchmate.

I would read his paper I put up there, its quite good and gives lot of context....but alas it didn't prevent the inevitable downstream bhakt-cherrypick phenomenon though...
 

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While indigenisation of the design, development and construction of naval principal surface combatants is a laudable objective, it is the apex-level project management of successive warship construction projects that has consistently, since the late 1990s, serve to sabotage the laudatory objectives, with no tangible changes being expected for future domestic warship construction projects as well.

(Long article of good depth at link)

===============

Conclusion: Project management in (esp public) Indian defence sector is quite atrocious still.

We could have gotten extra ships or extra RnD with the cost and time overrun amounts due to this decrepit management (same goes for other branches).

Reading this I see just level of things I take for granted here in Canada/West tbh.

This is part of reason China churns out at far larger rate sustainably, they have obviously invested in and developed sound project management (past the capacity itself)...we are well behind and need a big kick up rear to kick into gear.

@Paro @Joe Shearer @Gautam @ANMDT @#comcom @T-123456 @Test7 @crixus @kaykay @Milspec et al.
Whats surprising there, it's not just in shipbuilding but pretty much in every sphere of life. And do not mistake this as just a PSU thing either. I had intentions of pursuing some business activities in India, and I have completely given up on them given the realities I see in my uncle's firm on a day to day basis. The only viable system in India is in the IT-sphere.
Here is an exercise, read concall scripts for any EPC company in India, your blood will boil.
 

Rajendra Chola

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Whats surprising there, it's not just in shipbuilding but pretty much in every sphere of life. And do not mistake this as just a PSU thing either. I had intentions of pursuing some business activities in India, and I have completely given up on them given the realities I see in my uncle's firm on a day to day basis. The only viable system in India is in the IT-sphere.
Here is an exercise, read concall scripts for any EPC company in India, your blood will boil.

If it's Mechanical manufacturing even Indian private cos sucks.
 

Nilgiri

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Whats surprising there, it's not just in shipbuilding but pretty much in every sphere of life. And do not mistake this as just a PSU thing either. I had intentions of pursuing some business activities in India, and I have completely given up on them given the realities I see in my uncle's firm on a day to day basis. The only viable system in India is in the IT-sphere.
Here is an exercise, read concall scripts for any EPC company in India, your blood will boil.
If it's Mechanical manufacturing even Indian private cos sucks.

This is actually story I can go into some depth.....the main issue is India did not allow genuine flourishing of supplier industries to the largest (well known) ones to provide the competition realm that sometimes corporates can shield from and turn into oligarch complex etc

If you see for example how Korean chaebols (which took on airs like our DPSUs too) were super corrupt/deficient in lot of regards too (even during the more formative time that is spoken of in glowing terms now in hindsight) .... but it was their supplier network around them that provided counter pressure to entrenchment stasis + oligarchy trends.

Past automotive and pharma (latter really is not even a heavy industry).... this model has not permeated in India because 1991 reforms was just immediate pressure release based (and keep whatever the same that can be) rather than top to bottom logic driven.

IT is case of lot more competition....the major corporates there are in close proximity and competition to each other, they have not turfed out as much like you can with heavy capital-based industry. Again because IT (and services) is not a traditional capital-based industry.

Then you have extreme govt driven turfing like with Pipavav shipyard...to add on top of the problem....so you dont even get much chance in lot of things for the "half-good" compared to entrenched bad.

 

Joe Shearer

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While indigenisation of the design, development and construction of naval principal surface combatants is a laudable objective, it is the apex-level project management of successive warship construction projects that has consistently, since the late 1990s, serve to sabotage the laudatory objectives, with no tangible changes being expected for future domestic warship construction projects as well.

(Long article of good depth at link)

===============

Conclusion: Project management in (esp public) Indian defence sector is quite atrocious still.

We could have gotten extra ships or extra RnD with the cost and time overrun amounts due to this decrepit management (same goes for other branches).

Reading this I see just level of things I take for granted here in Canada/West tbh.

This is part of reason China churns out at far larger rate sustainably, they have obviously invested in and developed sound project management (past the capacity itself)...we are well behind and need a big kick up rear to kick into gear.

@Paro @Joe Shearer @Gautam @ANMDT @#comcom @T-123456 @Test7 @crixus @kaykay @Milspec et al.

The latest critic is the Minister, Nitin Gadkari. His caustic criticism of the National Highway of Authority has gone viral.
 

Rajendra Chola

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This is actually story I can go into some depth.....the main issue is India did not allow genuine flourishing of supplier industries to the largest (well known) ones to provide the competition realm that sometimes corporates can shield from and turn into oligarch complex etc

If you see for example how Korean chaebols (which took on airs like our DPSUs too) were super corrupt/deficient in lot of regards too (even during the more formative time that is spoken of in glowing terms now in hindsight) .... but it was their supplier network around them that provided counter pressure to entrenchment stasis + oligarchy trends.

Past automotive and pharma (latter really is not even a heavy industry).... this model has not permeated in India because 1991 reforms was just immediate pressure release based (and keep whatever the same that can be) rather than top to bottom logic driven.

IT is case of lot more competition....the major corporates there are in close proximity and competition to each other, they have not turfed out as much like you can with heavy capital-based industry. Again because IT (and services) is not a traditional capital-based industry.

Then you have extreme govt driven turfing like with Pipavav shipyard...to add on top of the problem....so you dont even get much chance in lot of things for the "half-good" compared to entrenched bad.


Competition or not, Indian manufacturing with respect to mechanical industry is so cluster MSME based. No big giants I know of. My job is mostly to design test fixtures and I have to work with 3rd party vendors to manufacture them. They had all tools, but somehow they quoted 4-5 lakh (depending upon the project) per fixture.
After I moved Canada, naturally I expected the prices to be more, taking in effect labour and material prices. But damn some fixtures we did here were comparable on cost. And on one more project regarding selecting an enclosure, we had to import it from China cos our Indian equivalent was 3 times the price Chinese quoted. Everyone is focusing too much on Electronic Manufacturing, but it has much to do Mechanical manufacturing too. These industries grow with each other. Sadly there is PLi scheme for this yet.
 

Nilgiri

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Competition or not, Indian manufacturing with respect to mechanical industry is so cluster MSME based. No big giants I know of. My job is mostly to design test fixtures and I have to work with 3rd party vendors to manufacture them. They had all tools, but somehow they quoted 4-5 lakh (depending upon the project) per fixture.
After I moved Canada, naturally I expected the prices to be more, taking in effect labour and material prices. But damn some fixtures we did here were comparable on cost. And on one more project regarding selecting an enclosure, we had to import it from China cos our Indian equivalent was 3 times the price Chinese quoted. Everyone is focusing too much on Electronic Manufacturing, but it has much to do Mechanical manufacturing too. These industries grow with each other. Sadly there is PLi scheme for this yet.

Yes I have found the same thing. There was not good credit access for 20+ years for the MSMEs to achieve good diversity of size (some did need to get bigger if they were doing something right, others need to stay small)....rather than all stay relatively small (this is a big problem in lot of agriculture too).

This is how specialisation and cutting edge USP develop over time too to attract more value and more sustained re-investment that is so crucial at this scale.

Without this being done (Esp in areas of the highest population in India) labour dividend is wasted in lot of cases in India as other inefficiencies are all priced in (relatively more) because there is not really a good referencing for the competition ladders to broaden and solidify.
 

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