10.) The state also designs and builds all types of rocket engines(solid, hypergolic and cryogenic engines) at VSSC (T'puram)
11.) Supersonic missiles at brahmos (T'puram),
12.) Aircraft carriers at kochi
13.) Naval ship design center(NIRDESH) at kozhikode.
13.) Naval and coast guard training center at kannur
14.) HAL strategic electronics factory at kasargod
According to the 2001 census, out of a total population of 1,343,998 people, 886,551 (65.7%) were Hindus
Konkani is spoken as a native language by about 61% of the people in the state but almost all Goans can speak and understand Konkani. Other linguistic minorities in the state as per the 2001 census are Marathi (21%), Kannada (5%), Hindi (5%), and Urdu (4%).[35]
The Goa government has recently decided to not allow any more special economic zones (SEZs) in Goa. This is in stark contrast to policy followed by other states of India. SEZs are known to bring tax revenues for the government and employment option for local citizens since industries flock there for lower tax rates as compared to other areas. Currently there are 16 planned SEZs in Goa. This decision was taken by state government after strong opposition to SEZs by political parties and Goa Catholic Church.
I still say well done Goa.
just pulling your legs Theoji. OK I will behave.I have lived in Goa for five years. There is no brain power and hard work -- it is on the contrary. Most of the GDP is accounted for by mining iron ore -- this has devastated the countryside. The ore will run out in 20 years and then there will be a drastic fall in living standards. The other contributor to GDP is tourism (almost every Goan on the coast has a shop in his house selling knick-knacks to tourists or rents out rooms to tourists). This is seasonal business. The third revenue earner is the Goans working in middle east who send money orders home. Then there is also some agriculture. Goans hardly consume anything -- they are not brand conscious.Theo_Fidel wrote:I don't know why everyone misses Goa.
Highest per capita income in India. Last I checked approaching $4,500 per capita. Probably above $5,000 by now as it is growing strongly at 10% per annum. Likely to be a $10,000 per capita state by 2016-17. Technically it is one step from becoming a marginally first world type state. Our very own Singapore.
With lack of heavy industry and resources, it is doing it through services, brain power and hard work. Despite it unsettled politics and stupid politicians. All the hall marks of an economy of the 21st century. Should be an example to the rest of us.
What does overspending by GoI have to do with the trade deficit ?vina wrote:Dawood Ibrahim will be laughing all the way to the Bank again.It's about time we instituted Argentina-like punitive duties on luxury goods imports. While it may not be the largest reason for the deficit, anything that balances the trade deficit helps.
The idiotic gold import law and taxes (these were flushed down the drain in the 1991 reforms, one of the first acts of MMS), was the cause of his wealth in the first place (he ran a legit business in Dubai of "exporting" gold to india).
The root cause of the deficit is not consumption, but overspending by the govt egged on by the commie brotherhood giri. Get the fiscal deficit in control, all the rest will fall in place. The fiscal deficit is the elephant in the room and thanks to Pranab Mukherjee and his Bengal influenced mai-baap politics and commiegiri, we have run into the situation we are in today.
It is money from mining and tourism. There is no other significant revenue generator.Theo_Fidel wrote:Hmm..
That is odd. Why is the per capita income so high then. It can't all be Gelf money. They are doing something right. Yes/No.
Because China's chairman is our chairman (when elected) ?RamaY wrote:RamaY wrote:A question for members from Kerala.
1. Kerala achieved near 100% literacy long time ago. They also have English advantage.
2. Kerala has a good economy based on natural resources, commercial crops etc.,
3. They also have long coastal area - good for trade
4. They also have stable govts
5. They also have forex remittances long before any other state! One in six work outside the country
6. They also have a strong tourism industry.
7. They also have strong cultural identity
8. It is ruled by non-communal govts
9. It has the right mix of religion (especially the faiths that are said to be more prone for economic progress)
What are the short falls if any in Kerala? Why is its per capita income so low? Why doesn't that state reflect a singapore or something like that?
Thanks in advance.
Goa definitely became the ganja capital of India, I hear.Theo_Fidel wrote: I think there is a lot more where that came from. Like I said Goa could easily turn into the Florida Keys of India, just without the Ganja and crime. I don't think Goa has topped out at all. I can easily see a $25,000 per capita income type economy if Goa works its options. But yes needs a ton more investment but India needs that too.
If it isn't already.RamaY wrote: Goa definitely became the ganja capital of India, I hear.
Well I dunno…..Abhijeet wrote:....but it isn't even in the same ballpark from my experience.
If not certain areas of IIT-M campus.Inflation remains high due to structural reasons, rupee falls on a real relative basis, exports dont rise commensurately because of dead markets abroad, import costs soar , and more importantly, since currency is debased, people don't trust it as a store of wealth and start importing gold and current account deficit sinks further.What does overspending by GoI have to do with the trade deficit ?
I agree with structural inflation, but that's been the case for ages. I would contest the idea that exports aren't rising much. They are up quite dramatically if you look at 1-, 3-, 5- or 10-year periods. Imports have just risen that much more. Gold imports haven't substantially changed in volume, just in nominal value, and that is due to the debasement of the dollar, not the Rupee. Similarly, chronically high crude prices are a function of the QE measures in US and EU. So if we're talking about a government's actions here, we should realistically be talking about GOTUS and EU, far more so than GoI. The latter is the same bumbling entity - it's just stuck in a spot without adequate ammunition.vina wrote:Inflation remains high due to structural reasons, rupee falls on a real relative basis, exports dont rise commensurately because of dead markets abroad, import costs soar , and more importantly, since currency is debased, people don't trust it as a store of wealth and start importing gold and current account deficit sinks further.
Me too. We stayed in a great 4 star "Japanese" style hotel in Phuket right on the beach. But this is something I could never figure out. Goa is more expensive than Phuket cost wise. This is true with much of India as well, when compared to S.E Asia and of course China.I have been to both phuket and goa. The road infra in phuket is ok but nothing shakinaw.
Net-net. We have a problem. This would have been countered only with a very low fiscal deficit and a rupee that holds its own against the dollar. If we had that, we would have seen a flood of inflows, low interest rates, uninterrupted growth (due to continued investment) and not have the forex trouble we are having now (okay, exports would have been hit, but that was a given with the economic conditions in the US and EU anyways).Suraj wrote:Imports have just risen that much more. Gold imports haven't substantially changed in volume, just in nominal value, and that is due to the debasement of the dollar, not the Rupee. Similarly, chronically high crude prices are a function of the QE measures in US and EU.
If you go back and look up the reactions I had to Shri Pranab Mukherjees budgets (I didn't Lungi Dance to those as some posters here claim as "well recorded") and how I had called it the "All the ducks must line up perfectly all the time for it to work" budget , you can see where and how the ball got dropped by the Indian govt . They basically instead of using the good times to build fiscal capacity that can be used in adversity, the Kangress - Mukherjee- NAC triumvirate blew it on fiscal profligacy and are now without ammo to deal with adversity. Mukherjee ensured that we shot ourselves in the foot here.So if we're talking about a government's actions here, we should realistically be talking about GOTUS and EU, far more so than GoI. The latter is the same bumbling entity - it's just stuck in a spot without adequate ammunition.
Vina ji, the lungi-dance posts of yours after Pranab da's budgets are easily retrievable. But that's really a side issue as far as I am concerned.vina wrote:If you go back and look up the reactions I had to Shri Pranab Mukherjees budgets (I didn't Lungi Dance to those as some posters here claim as "well recorded") and how I had called it the "All the ducks must line up perfectly all the time for it to work" budget , you can see where and how the ball got dropped by the Indian govt .
Electricians and plumbers are skilled jobs and come at a price anywhere in the world, no way in the US you are going to get a Plumber or Electrician for minimum wagesYogi_G wrote:What is the opinions of Gurus here on the catching up of wages for the blue collared workers vis a vis the strong economic growth? My local electrician takes 300 rupees for fitting a fan and 150 rupees for a tubelight. Now thats 7 $ for an hour's work while the minimum wage in US is 8$ for an hour. Our PPP GDP being 1/4th of theirs and per capita income being 1/11th.
Where ever there are tourists, you have it. Phuket, Krabi, Koh Samui and Chiang Mai included. In Phuket, the streets parallel to the beach and the intersecting lanes at Patong for eg.Anyway I thought Thailand's sex industry was more around Bangkok/Pattaya, not Phuket?
They also require licensing. While indivual handymen or contractor might do simple plumbing or electrical jobs, any established company will not make its non licensed workers to do electrical or plumbing work. They would not want to get sued. Maybe the city codes and state laws dictate. In anyway, one will never get even a service person for less than 20 or 25 bucks, let alone plumbers and electricians who will charge an arm and leg.Aditya_V wrote:Electricians and plumbers are skilled jobs and come at a price anywhere in the world, no way in the US you are going to get a Plumber or Electrician for minimum wagesYogi_G wrote:What is the opinions of Gurus here on the catching up of wages for the blue collared workers vis a vis the strong economic growth? My local electrician takes 300 rupees for fitting a fan and 150 rupees for a tubelight. Now thats 7 $ for an hour's work while the minimum wage in US is 8$ for an hour. Our PPP GDP being 1/4th of theirs and per capita income being 1/11th.
I don't think we're saying different things. GoI didn't save for a rainy day - it spent when it was flush, and when it's facing difficult times, it has no headroom. I don't think they did anything different from what they've done (or rather, not done) historically. However this isn't a malaise isolated to GoI. On the other hand, the factors driving up the cost of crude and gold - our two biggest imports - are actions by other central banks that continue to drive commodity price inflation.vina wrote:If you go back and look up the reactions I had to Shri Pranab Mukherjees budgets (I didn't Lungi Dance to those as some posters here claim as "well recorded") and how I had called it the "All the ducks must line up perfectly all the time for it to work" budget , you can see where and how the ball got dropped by the Indian govt . They basically instead of using the good times to build fiscal capacity that can be used in adversity, the Kangress - Mukherjee- NAC triumvirate blew it on fiscal profligacy and are now without ammo to deal with adversity. Mukherjee ensured that we shot ourselves in the foot here.So if we're talking about a government's actions here, we should realistically be talking about GOTUS and EU, far more so than GoI. The latter is the same bumbling entity - it's just stuck in a spot without adequate ammunition.
I concur very much with the above sentiment.pentaiah wrote:the question is do they know that
it is the responsibilty of citizenry and the rulers to make them feel proud of their contribution. This pride will result in better quality and confidence in them.
The big difference between Indians and Western countries.If and when the pride (self respect , self esteem) in individuals is established, empowered they will never feel inferior because of the job they do."though most of those diamond workers are such, they don't want their children to be like them. They would do everything to give their
children the best education. And most of them have less children. The importance of education has prevailed to the lowest level of the society.
there is nothing wrong in being the best diamond polisher (ask Neil Diamond), but their aspiration of wanting their progney to prosper is a very noble and deserving ambition.
In the western countries the children of a artisan , blue collar worker, carpenter, baker, welder builder want to preserve the skills out of pride as as artist.
unfortunately in INDIA this trait is encouraged only in politicians like Gandhis, Chidambarams Karuna nidhis Gulam SIngh yadavs etc or movie actors....
this is the reason west is technologically advanced as their invention crucible spans from reasearch labs to garrages. our ways are only for privilaged few.
So let not artistic talents vanish
we already lost the skills of investment casting and metallurgy when the British rampages us.
The entire caste system of India was built around this concept, with skills passed down from generation to generation. This had allowed us to excel in craftsmanship for 2,000 years before Brits came and destroyed the occupations in 18th century by regressive taxes and monopolies.In the western countries the children of a artisan , blue collar worker, carpenter, baker, welder builder want to preserve the skills out of pride as as artist.
I can tell you about Delhi. I don't know about other cities.One thing I wonder about is that there are plenty of marginally profitable, low-end small businesses (retail stores, hair cutting salons, chaiwalas etc) running in central areas of big cities. How do they manage to survive in what should be high-rent areas?