Why FDI should come to India? Because we do not have competent and reliable Indian hands to give a fair deal by IDI to Indian consumer, the producers or the farmers. We do not have a governing government which is again handicapped by coalition politics characterised by the old story - Monkey 'distributing the loaf' 'fairly' to the cats. Except some 'affected group of people' , people still prefer and believe the bania or a road-side vendor. Whatever difficulties we have to have things can be sorted out provided we have honest working government machinery. Again when we got independence not everybody was liberated and there were a few imprisoned minds who have more offsprings now.
-
This forum contains old posts that have been closed. New threads and replies may not be made here. Please navigate to the relevant forum to create a new thread or post a reply.
-
Welcome to Tamil Brahmins forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our Free Brahmin Community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact contact us.
India still scared of FDI in retail.
- Thread starter prasad1
- Start date
- Status
US economy
Marc Faber's funny observation on the state of the US economy
"The federal government is sending each of us a $600 rebate. If we spend that
money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes
to the Arabs. If we buy a computer it will go to India. If we purchase fruit and
vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good
car it will go to Germany. If we purchase useless crap it will go to Taiwan and
none of it will help the American economy. The only way to keep that money here
at home is to spend it on prostitutes and beer, since these are the only
products still produced in US. I've been doing my part."
Marc Faber's funny observation on the state of the US economy
"The federal government is sending each of us a $600 rebate. If we spend that
money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes
to the Arabs. If we buy a computer it will go to India. If we purchase fruit and
vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good
car it will go to Germany. If we purchase useless crap it will go to Taiwan and
none of it will help the American economy. The only way to keep that money here
at home is to spend it on prostitutes and beer, since these are the only
products still produced in US. I've been doing my part."
OP
OP
prasad1
Active member
Marc Faber:
Marc Faber (born February 28, 1946) is a Swiss investor. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager. Faber also serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Leopard Sri Lanka Fund.
Faber has a reputation for being a contrarian investor and has been called "Doctor Doom" for a number of years. He was the subject of a book written by Nury Vittachi in 1998 entitled Doctor Doom - Riding the Millennial Storm - Marc Faber's Path to Profit in the Financial Crisis.
He is wrong on so many levels. His views are not shared by many American economists.
What computer is made in India to be exported?
Food grains America is net exporter.
U.S. Becomes Net Exporter Of Fuel For First Time In Nearly 20 Years
U.S. Becomes Net Exporter Of Fuel For First Time In Nearly 20 Years
Honda plans to become 'net exporter' of autos from North America
Read more from this Tulsa World article at Honda plans to become 'net exporter' of autos from North America | Tulsa World
World’s richest country the USA finished third in exporting last year. America shipped $1.48 trillion worth of goods around the globe.
Top US Exports
One of the surprising things is the U.S. export market is actually fairing reasonably well.
People often pan America for having no exports. It's a common complaint the U.S. doesn't produce anything the rest of the world wants.
This is untrue. These critics latch onto the fact the U.S. produces almost no consumer goods. America doesn't make t-shirts and CD players. It's just not cost effective for these low-end products.
American export value peaked in early 2007 at just under $340 billion quarterly. Of that, only $40 billion came from consumer products.
What America does produce is capital goods. Engines, boilers and factory components. High-value products that are used by developing countries to make lower-value things. America gets 40% of its export revenue here.
And even with the global crisis, the capital goods market has remained relatively firm. Exports peaked in Q2 2008 at $118 billion for the quarter. In the first quarter of 2009, as the crisis broke, they fell to $95 billion. But capital exports held fast at these levels through the second and third quarters of 2009. We'll get the fourth quarter numbers soon, and see if the trend keeps up.
Although this is a 20% decline, it's quite shallow in the big scheme of things. Exports today are at the same level as in 2006. Still 35% above 2003 levels.
Signaling that high-value products might be a good place to be. There are still factories being built globally. And there aren't many places builders can get the components. America may hold a strong niche.
One reason not to write the U.S. off in the economic order.
America: Export Nation?
Despite all the attention the trade deficit receives each month, little heed has been paid to the rapid expansion of U.S. exports, which have been growing nearly three times faster than gross domestic product since 2005. As a share of the U.S. economy, exports are at their highest point in 50 years.
Rather than slow down any time soon, our research indicates this export boom is likely to continue. Combined with manufacturing “reshored” from China, the increased exports could create 2.5 million to 5 million U.S. jobs by 2020.
America
It is easy to find support for your view, you need to dig deeper for unbiased view.
Corporate America is sitting on a colossal $2 trillion in cash -- $1.4 trillion in the S&P's top 20 alone.
The news of American demise is premature.
Marc Faber (born February 28, 1946) is a Swiss investor. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager. Faber also serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Leopard Sri Lanka Fund.
Faber has a reputation for being a contrarian investor and has been called "Doctor Doom" for a number of years. He was the subject of a book written by Nury Vittachi in 1998 entitled Doctor Doom - Riding the Millennial Storm - Marc Faber's Path to Profit in the Financial Crisis.
He is wrong on so many levels. His views are not shared by many American economists.
What computer is made in India to be exported?
Food grains America is net exporter.
U.S. Becomes Net Exporter Of Fuel For First Time In Nearly 20 Years
U.S. Becomes Net Exporter Of Fuel For First Time In Nearly 20 Years
Honda plans to become 'net exporter' of autos from North America
Read more from this Tulsa World article at Honda plans to become 'net exporter' of autos from North America | Tulsa World
World’s richest country the USA finished third in exporting last year. America shipped $1.48 trillion worth of goods around the globe.
Top US Exports
One of the surprising things is the U.S. export market is actually fairing reasonably well.
People often pan America for having no exports. It's a common complaint the U.S. doesn't produce anything the rest of the world wants.
This is untrue. These critics latch onto the fact the U.S. produces almost no consumer goods. America doesn't make t-shirts and CD players. It's just not cost effective for these low-end products.
American export value peaked in early 2007 at just under $340 billion quarterly. Of that, only $40 billion came from consumer products.
What America does produce is capital goods. Engines, boilers and factory components. High-value products that are used by developing countries to make lower-value things. America gets 40% of its export revenue here.
And even with the global crisis, the capital goods market has remained relatively firm. Exports peaked in Q2 2008 at $118 billion for the quarter. In the first quarter of 2009, as the crisis broke, they fell to $95 billion. But capital exports held fast at these levels through the second and third quarters of 2009. We'll get the fourth quarter numbers soon, and see if the trend keeps up.
Although this is a 20% decline, it's quite shallow in the big scheme of things. Exports today are at the same level as in 2006. Still 35% above 2003 levels.
Signaling that high-value products might be a good place to be. There are still factories being built globally. And there aren't many places builders can get the components. America may hold a strong niche.
One reason not to write the U.S. off in the economic order.
America: Export Nation?
Despite all the attention the trade deficit receives each month, little heed has been paid to the rapid expansion of U.S. exports, which have been growing nearly three times faster than gross domestic product since 2005. As a share of the U.S. economy, exports are at their highest point in 50 years.
Rather than slow down any time soon, our research indicates this export boom is likely to continue. Combined with manufacturing “reshored” from China, the increased exports could create 2.5 million to 5 million U.S. jobs by 2020.
America
It is easy to find support for your view, you need to dig deeper for unbiased view.
Corporate America is sitting on a colossal $2 trillion in cash -- $1.4 trillion in the S&P's top 20 alone.
The news of American demise is premature.
Last edited:
sangom
0
Shri Iyya,
My understanding, may be wrong, is that we must get funds from abroad in order to shore up the country's so-called current account deficit. Of course the GOI can very well print notes and manage the situation but that will cause inflation to rise and the RBI also seems to be having some different views in this regard. Also, the foreign rating agencies will downgrade the country rating which will cause loss of trust and will lower the stock market indices.
Black money of all our VIPs/VVIPs are invested through the FII mechanism in our own stock market (more than two-thirds of foreign money investment in Indian stock markets come from one single building in Mauritius) and if the market slumps these VIPs/VVIPs will suffer very heavy losses. So the most important thing for them is to keep the stock market going up, up (and possibly away) and make as much profits as possible. For this more and more money should come from abroad; for the foreign investors to put money here the country rating should not decline.
PC has done his best to ensure that even pension and provident funds put their moneys into the stock markets and much of it has become the profits of these VIPs/VVIPs' moneys. So the next possible course is to beseech foreigners. FDI in retail trade is something in which the Walmart and Co., see a "great opportunity" in India. And they will repatriate profits which means India and indians will be the losers.
OP
OP
prasad1
Active member
It is mistake to assume foreign corporations will repatriate earnings. They keep the money where it is least taxed. Corporations are not patriotic or charitable organizations. They work for their stake holders, investors. USA keeps griping that majority of 2 trillion dollars on US corporate balance sheet is not invested in USA. So that is a mythe.
With foreign collaboration you get proprietary technology and expertise, which will be useful for local companies. If India had refused foreign collaborations in Automobile industry we will still be riding ox-carts. Some times pride gets in the way of our progress.
With foreign collaboration you get proprietary technology and expertise, which will be useful for local companies. If India had refused foreign collaborations in Automobile industry we will still be riding ox-carts. Some times pride gets in the way of our progress.
sangom
0
When I said "repatriate" I did not mean that it will be taken straight to the home country. But usually foreign entities even foreign banks, do not keep their funds any more than the minimum required by the local laws, in any country like India. Perhaps they favour tax-havens or the business requirements force them to do so. Retail giants are not likely to behave in a different way and in any case they will not turn philanthropists overnight.
Ox-carts might have posed lessproblems to India today, in a way. What is good for one country (US) need not be necessarily good for another. India's curse has been that our governing politicians also copy many pios abroad and think that copying (aping) the developed countries is the easiest and surest way to become developed ourselves, without regard to what is in the long-term interests of this country. If the rich neighbour's child eats pork, it does not mean that making our child eat pork will make us also rich.
Ox-carts might have posed lessproblems to India today, in a way. What is good for one country (US) need not be necessarily good for another. India's curse has been that our governing politicians also copy many pios abroad and think that copying (aping) the developed countries is the easiest and surest way to become developed ourselves, without regard to what is in the long-term interests of this country. If the rich neighbour's child eats pork, it does not mean that making our child eat pork will make us also rich.
Dear Sri Sangom,
Would you be interested in participating in discussions if i open a separate thread dedicated to this pension issue.
Although you have hit the nail on the head, i think the problem is much more deep rooted. I would like to check up with you whether my premise is correct. I think that middle class cannot climb out of their level to achieve much more economic prosperity is because of the pension issue.
Hence my request.
Regards,
Would you be interested in participating in discussions if i open a separate thread dedicated to this pension issue.
Although you have hit the nail on the head, i think the problem is much more deep rooted. I would like to check up with you whether my premise is correct. I think that middle class cannot climb out of their level to achieve much more economic prosperity is because of the pension issue.
Hence my request.
Regards,
When I said "repatriate" I did not mean that it will be taken straight to the home country. But usually foreign entities even foreign banks, do not keep their funds any more than the minimum required by the local laws, in any country like India. Perhaps they favour tax-havens or the business requirements force them to do so. Retail giants are not likely to behave in a different way and in any case they will not turn philanthropists overnight.
Ox-carts might have posed lessproblems to India today, in a way. What is good for one country (US) need not be necessarily good for another. India's curse has been that our governing politicians also copy many pios abroad and think that copying (aping) the developed countries is the easiest and surest way to become developed ourselves, without regard to what is in the long-term interests of this country. If the rich neighbour's child eats pork, it does not mean that making our child eat pork will make us also rich.
You will never be able to convince the market oriented economists these days (and many of them net-trained and net knowledge based !!!) because they all read the same books authored by the same west oriented economists. They get their degrees and post graduation and MBAs only after regurgitating the same stuff.
None of them have any clue though to what is to be done to the Japanese economy which is slumping for nearly 20 years now and they start to suggest solutions to the economies which are growing.
On the dot. And they solve the same case studies. As multiple species ensure survival, multiple models of economy are necessary to survive. Western capital models put money on top. Juggling of finance and services will ensure survival of the juggler, but not the 'juggled'.
sangom
0
Dear Shri Narayanan,
I am not an expert in this pension issue but will be ready to participate. I am sure many of our members will know much about this. Pl. start a new thread.
A few months before S&P rated Indian economy down. After a slew of concessions by GOI, they rated our economy up. I would like to know whether the see-saw rating is tied to GOI's see-sawing here. Or it is the same see-saw board where GOI is on one end and the rating agencies are all on the other end. I fear the rating agencies will suddenly vacate the board and the result will be a "thud". Anyway we will be saved by our people of course.
- Status
Share this page
Share this page
Latest posts
-
-
-
The Gomedha—Cow-Sacrifice- NEVER HAPPENED>
- Latest: Padmanabhan Janakiraman
-
-
Latest ads
-
Wanted Fulltime care person neededLooking for a fulltime lady who can look after 80 yr old person who has dementia. She can manage...
- vashok (+0 /0 /-0)
- Updated:
- Expires
-
Free [Bride Wanted] Bride WantedLooking for Bride - Family Oriented and brought up from Cultured Family
- SRIKANT S -(Bride Wanted) (+0 /0 /-0)
- Updated:
- Expires
-
-
Free [Bride Wanted] TAMIL BRAHMIN VADAMA BRIDE WANTEDMust to be willing to relocate to Bengaluru Must be willing to accommodate joint family
- self today (+0 /0 /-0)
- Updated:
- Expires
-
Wanted [Cook Wanted] Wanted cook for Home at Gandhipuram Coimbatore. Decent Salary offeredHi, we need a female Brahmin cook for home ( 5 members family) at Coimbatore. Morning and...
- gchitra (+0 /0 /-0)
- Updated: