Chinese Export Market🤯

I geniually want to understand why we are behind in manufacturing ? Although I'm from commerce background but I would love to know how does one start manufacturing business in India ? What type of engineers you need ? Honestly I don't have any clue but if any has some information pls discuss here.

https://youtu.be/lUp5xKvGzDw?si=GVh3pdYnu2uwpVDS Not sure of the authencity of the video. But look at the scale of use of tech.

I was casually scrolling across Amazon looking for a smartwatch for a family member, when I came across this tag called Country of Origin on the product description details section. To my surprise most of the so-called Indian brands like Noise and Boat have Country of Origin specified as surprise surprise *China*. I felt kinda disgusting tbh. Then I scrolled over the list of products that I have purchased over Amazon ranging from mouse pads to Milton water bottles and almost all of them had this country of origin from China, except for the Bhagwat Purana copy(Thank God). I think we Indians are by sheer ignorance depleting India's forex reserves and demoting efforts by our Entrepreneur to manufacture in India. We may end up getting cheap products but it costs us loss in GDP and job opportunities in India. I guess we could take a lesson out of the Japanese book where Japanese people don't buy non-Japanese products. It's a conscious decision.

..unless either of the two mess up insanely bad We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that. Internal reasons that are very hard to fix:- (1) Our population TFR fell below standard replacement rate in 2023. This means we will not be able to follow the same economic growth trajectory required to reach developed status before population stagnation or declination. This is not a death knell but definitely very VERY bad news. (2) Our blue-collar workforce skill levels are not only subpar but are slowly falling behind the world standards every year. Much of our youth aim to join government orgs like the Army or the Railways which train for the job later, not before. Despite a national shortage of skilled plumbers, electricians etc, our vocational training orgs have been unsuccessful in attracting people towards these careers as well as churning out skilled workers. (3) Our bureaucratic environment is extremely slow with pathetic turnaround times on initiatives. This is not government specific and has always been the case so it seems like this will always be. This is not even a problem unique to India as many other countries have been facing this too but it is still a factor that negatively impacts our growth massively. I wish it was just internal reasons but a large part of it also comes down to both China and US being aggressively great at ensuring their successes:- (1) Chinese manufacturing seems nearly impossible to overcome - not just for India but also for the US. Yes, we might win over some industries and companies like the US, Vietnam, Thailand etc. have been doing but the amount of autocratic control in China allows them to crush competition easily. Case in point - the recent tussle between India and China on solar manufacturing which China won by autocratically lowering their prices. (2) If de-dollarisation succeeds, it will benefit China the most because (contd. in comments)

Hi, any market (eg construction, legal etc) you think has a gap/problem that can be solved by tech, but it hasn't been utilised that yet?

People in tech are in over their heads. There’s been an unsustainable inflation in salaries and somehow 20 somethings have actually started believing their skills are worth what they’re making I speak to so many engineers who just with two years of experience are making 30-40 LPA packages. They actually believe they are better than people in say banking who make the same salary after 15 years of grinding it out. It’s all supply-demand. Supply will soon catch up to the demand. Salary normalization will happen. Your salaries may not grow for years if you don’t personally grow as well in skill set and become more valuable overall. At the least, don’t have an attitude about how much you make. Stay humble. Enjoy the good times while they are still here

- India's imports from China increased by 13.05% to $10.28 billion in July, while exports to China fell by 9.44% to $1.05 billion, according to commerce ministry data. - During April-July 2024-25, India's exports to China dipped by 4.54% to $4.8 billion, and imports grew by 9.66% to $35.85 billion, resulting in a trade deficit of $31.31 billion. - Exports to countries like the UK, Germany, and South Africa contracted in July, but saw growth in the US, UAE, and the Netherlands. - India's exports to the US rose by 3.15% to $6.55 billion in July, while imports increased by 1.43% to $3.71 billion, leading to a trade surplus of $12.2 billion during April-July 2024-25. - Commerce Secretary Sunil Barthwal stated that the increase in imports from China is not a concern as it aligns with India's growing consumption and economic growth. Source: [Economic Times](https://economictimes.indiatimes.com/news/economy/foreign-trade/indias-imports-from-china-up-13-exports-dip-9-44-in-july/articleshow/112528612.cms)