Re:India lifted 415M out of poverty in 15 years, says UN
by bergenty on Monday November 07, 2022 @02:38PM
(#33511177)
I think the difference is India is a major startup hub that mostly caters to the local market so the effort to shift to more resilient income streams not completely dependent on the global market are underway, something Brazil did not do.
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Re:India lifted 415M out of poverty in 15 years, says UN
by spaceman_2020 on Monday November 07, 2022 @04:45PM
(#33512986)
Entirely possible India hits a lean phase and stays stuck where it is. Truth be told, everything from infrastructure to basic law and order are far behind even a “middle income trap” country like Thailand. Too early to pat ourselves on the back.
Re:India lifted 415M out of poverty in 15 years, says UN
by mayama on Monday November 07, 2022 @10:32PM
(#33515608)
And recent focus on manufacturing. New govt is heavily pushing local manufacturing(atmanirbhar bharat) for last 8 years. Progress is already being felt in some areas, for example in smartphone manufacturing India went from nothing to #2 in world in those years. They are now targeting more phone phone supply chains like pcb, modems etc. and other consumer electronics too.
https://tech.hindustantimes.com/tech/news/india-now-2nd-larg...
Re:India lifted 415M out of poverty in 15 years, says UN
by spaceman_2020 on Tuesday November 08, 2022 @05:45AM
(#33517859)
To be fair, despite all these efforts, the manufacturing sector has consistently underperformed the rest of the economy. The share of manufacturing as a % of GDP has been trending down for quite a while. Outside of the headline grabbing numbers (such as the iPhone factory), the reality is different.