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Instability in the Indian economy

Discussion in 'Too Hot for Swamp Gas' started by tampagtr, Jan 29, 2023.

  1. tampagtr

    tampagtr VIP Member

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    Last edited: Jan 29, 2023
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  2. uftaipan

    uftaipan GC Hall of Fame

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    I can’t say I feel bad for India. They have shown us who they are with their support of Russia.
     
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  3. obgator

    obgator GC Hall of Fame

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    As someone who was born in India, I can say this cuts both ways. Historically, the US has always supported Pakistan despite them encouraging and actively supporting terrorist groups in India while the erstwhile USSR and now Russia have supported India in their fights against Pakistan.
     
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  4. uftaipan

    uftaipan GC Hall of Fame

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    I take your point. However, one can always use history to support any position that is already in their self-interest. The Indian government could have just as easily gone the other way, for instance, by citing U.S. support of Indian independence from the British Empire or, as a former subjugated people, by professing its disgust for Russian barbarism in subjugating another people Russia simply feels it is entitled to rule. But let’s be frank. This is not about history. It’s about cheap fuel. India has compromised its soul for cheap fuel. Would this make Ghandi proud?
     
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  5. tampagtr

    tampagtr VIP Member

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    I share your sentiments, though I have additional reasons for the somewhat instinctive resistance to India, namely Modi's Hindu nationalism and how it plays into the overall global authoritarian movement.


    That said, it's not like bad economic news in India, especially the level of a banking collapse, impacts only India. That's where my interest lies. How does it impact us, both directly and in terms of the world systems, which are interrelated.

    I will also say that I'm currently in the process of reading "Midnight's Furies", about the atrocities committed during the Partition. I was embarrassingly ignorant about this historical incident prior but I'm trying to read up on it to get a better feel for what has led to the current moment. Just an amazing episode, and related to what's occurring now
     
  6. tampagtr

    tampagtr VIP Member

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    As I mentioned above, I'm catching up in my historical understanding. Thanks for the contribution, as I believe the whole history something that we are largely ignorant of. That said, I'm still a bit resistant to Modi and BJP
     
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  7. oragator1

    oragator1 Hurricane Hunter Premium Member

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    India is staying with Russia because that’s where much of their armament was made so they need them for technical reasons. They also are still showing loyalty to Russia who supported them during the Cold War. But more basic to their needs, they have burgeoning economy with almost no oil production and hundreds of millions who can’t afford price increases.
    I read an article the other day that India says they have “figured us out” and that we will do nothing because we need them. Pretty dangerous game to play, given their relative GDP and geopolitical clout. If they want clout, aiding against the vast majority of the world’s GDP and firepower isn’t usually the best first step.
    But I wouldn’t expect anything less from Modi, dude is a polished version of Trump.
     
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  8. obgator

    obgator GC Hall of Fame

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    I don’t care for Modi or any of the political parties in India. But I have seen this claim about India supporting Russia a few times on this forum and wanted to provide perspective. You can’t just ignore 70+ years of the West supporting a terrorist state in Pakistan and then expect India to suddenly turn against the one country that has stood by them.

    Additionally, India can’t afford to antagonize Russia given its border skirmishes and past wars with China too. If China and India have a conflict, India needs Russia’s support.
     
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  9. uftaipan

    uftaipan GC Hall of Fame

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    The fuel is more important than the weapons. I think India understands this. There’s somewhat of a field laboratory going on that is demonstrating the low quality of Russian weapons. If India was thinking long-term, it would accept the lack of arguable moral relativism in this and negotiate with the West for better weapons and alternate sources of fuel. Of course, part of this is the Administration’s lack of strategy in the matter, just like with Orban in Hungary. Instead of appealing to their conscience and shaming them when they reveal they don’t have one, appeal to their self-interest and get them, however you need to, inside the tent pissing out, instead of outside the tent pissing in.
     
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  10. tampagtr

    tampagtr VIP Member

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    I am also under the impression that India sufficiently large and influential, that they should not simply have to be considered on one side of the East West divide. That may be slightly overstating the case, but they are enough of a power that they should not be compelled to take sides. I do think they tried to see a little bit more neutral, and they and China are attributed with telling Putin he can’t go nuclear.

    One retired US Admiral, in “2034”, Imagine the world in 11 years where US in China get into a nuclear exchange, with Russia involved, too, and India, shuts it down and becomes the preeminent world power. Just his opinion, but thought provoking.

    And, reading about the Partition gives me much more perspective
     
  11. danmanne65

    danmanne65 GC Hall of Fame

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    Who is India’s bigger enemy China or Pakistan? If it’s China supporting Russia seems a bad move.
     
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  12. oragator1

    oragator1 Hurricane Hunter Premium Member

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    While certainly interesting to ponder, I would argue that India being involved in starting a nuclear war with Pakistan would be more likely than the US and China having one. I would also question how they could shut it down, and why it would make them the preeminent power if they somehow helped get a negotiated settlement.
    Indias GDP is around 3 trillion, the US is 21 trillion, with 1/4 the people. Indias per capita GDP is around $2100, the US is 65k.
    Their military budget is around 1/15th of ours.
    Heck, even India themselves isn’t targeting being a developed economy for another 25 years or so.

    /stat rant :)
     
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  13. tampagtr

    tampagtr VIP Member

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    Agree completely. Just citing from this book. (spoilers). Co authored by Admiral James Stavridis, USN

    Book Review for 2034: A Novel of the Next World War
     
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  14. oragator1

    oragator1 Hurricane Hunter Premium Member

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  15. uftaipan

    uftaipan GC Hall of Fame

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  16. Gatorhead

    Gatorhead GC Hall of Fame

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    Was watching a documentary on Ghandi and there was significant information about
    the partition. A sad story for sure.
     
  17. Gatorhead

    Gatorhead GC Hall of Fame

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    Ate you following the border conflicts between India and China? Shooting and casualties in several recent encounters.
     
  18. tampagtr

    tampagtr VIP Member

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    It makes me feel like an ignorant ugly American. I knew very little about it and I'm reading a book now to try to catch up. I don't that have one can even claim a working outsiders understanding of any occurrence in that region without having some greater degree of background
     
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  19. oragator1

    oragator1 Hurricane Hunter Premium Member

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  20. oragator1

    oragator1 Hurricane Hunter Premium Member

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    Yeah, India hasn’t exactly come out great in those to this point. But it does mean China has to worry about another large army on their border, which could be good news for Taiwan.
     
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