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Fab in India: India is trying to create an indigenous chip-making industry

economist.com

11–20 of 57 posts

Re: Fab in India: India is trying to create an indigenous chip-making industry

#11
post #7

> To the west, it sees its most talented engineers working in Silicon Valley. By pouring millions of dollars into Indian-made semiconductors, India’s government hopes to solve both problems at once. It really can't. Considering the "rootless" nature of Indian urban life, education and society, both culturally and linguistically, the lack of "pull" ensures that any money you pour into its colonial institutions is only…

You vastly underestimate the size and diversity of India. Their middle class is bigger than that of the USA or I think even that of the entire EU. The can have a low rate on pretty much every statistic, while still having a higher total amount of it than us, simply due to.the sheer size of people. They could have an entire state, more modern, rich and with more people than Germany, while keeping their current statist…

> Their middle class is bigger than that of the USA or I think even that of the entire EU.

According to Wikipedia: "Indian middle class is 3% or 40 million of Indian population."

That's not a whole lot of people and definitely not comparable to North America or Europe.

https://en.wikipedia.org/wiki/Standard_of_living_in_India

Re: Fab in India: India is trying to create an indigenous chip-making industry

#12
post #7

Earlier quoted context omitted.

You vastly underestimate the size and diversity of India. Their middle class is bigger than that of the USA or I think even that of the entire EU. The can have a low rate on pretty much every statistic, while still having a higher total amount of it than us, simply due to.the sheer size of people. They could have an entire state, more modern, rich and with more people than Germany, while keeping their current statist…

> Their middle class is bigger than that of the USA or I think even that of the entire EU. According to Wikipedia: "Indian middle class is 3% or 40 million of Indian population." That's not a whole lot of people and definitely not comparable to North America or Europe. https://en.wikipedia.org/wiki/Standard_of_living_in_India

It's about the same size as France, who matches India in real gdp

Re: Fab in India: India is trying to create an indigenous chip-making industry

#13

> To the west, it sees its most talented engineers working in Silicon Valley. By pouring millions of dollars into Indian-made semiconductors, India’s government hopes to solve both problems at once. It really can't. Considering the "rootless" nature of Indian urban life, education and society, both culturally and linguistically, the lack of "pull" ensures that any money you pour into its colonial institutions is only…

This is ridiculous. If Malaysia is on the verge of surpassing Portugal in per capita GDP why can’t India? They’re each “deeply colonial states”, neither of them having any real connection to pre-British states except as constituent units. More generally India has already done plenty to help its citizens. Even before the end of the License Raj, when the wannabe Fabians we’re running India you had massive improvements…

Your statement on Malaysia and Portugal GDP per capita surprised me. So I did some fact checking. According to Wiki Malaysia’s 2018 GDP per capita is usd 10,941. Portugal is 23,176. [1]

1. https://en.m.wikipedia.org/wiki/Economy_of_Portugal

https://en.m.wikipedia.org/wiki/Economy_of_Malaysia

Re: Fab in India: India is trying to create an indigenous chip-making industry

#14
post #12

Earlier quoted context omitted.

> Their middle class is bigger than that of the USA or I think even that of the entire EU. According to Wikipedia: "Indian middle class is 3% or 40 million of Indian population." That's not a whole lot of people and definitely not comparable to North America or Europe. https://en.wikipedia.org/wiki/Standard_of_living_in_India

It's about the same size as France, who matches India in real gdp

That is not the claim that was being made though. The one I replied to said India's middle class was bigger than the American and European ones. Being comparable to country with 5% of India's population basically just underlines the fact that India's middle class is tiny.

Re: Fab in India: India is trying to create an indigenous chip-making industry

#15
post #7

Earlier quoted context omitted.

You vastly underestimate the size and diversity of India. Their middle class is bigger than that of the USA or I think even that of the entire EU. The can have a low rate on pretty much every statistic, while still having a higher total amount of it than us, simply due to.the sheer size of people. They could have an entire state, more modern, rich and with more people than Germany, while keeping their current statist…

> Their middle class is bigger than that of the USA or I think even that of the entire EU. According to Wikipedia: "Indian middle class is 3% or 40 million of Indian population." That's not a whole lot of people and definitely not comparable to North America or Europe. https://en.wikipedia.org/wiki/Standard_of_living_in_India

The same article has other stat that says anywhere between 30-300 million are considered middle class.

Is there a consensus among economists on what the real number is ?

Re: Fab in India: India is trying to create an indigenous chip-making industry

#16

Earlier quoted context omitted.

> Their middle class is bigger than that of the USA or I think even that of the entire EU. According to Wikipedia: "Indian middle class is 3% or 40 million of Indian population." That's not a whole lot of people and definitely not comparable to North America or Europe. https://en.wikipedia.org/wiki/Standard_of_living_in_India

The same article has other stat that says anywhere between 30-300 million are considered middle class. Is there a consensus among economists on what the real number is ?

It's obviously not an exact science, since "middle class" has as much to do with how people define their own social status as it has to do with their actual income. But those measures counting hundreds of millions of Indians as middle class are doing that by including people surviving on a few dollars a day. Maybe in an Indian context where poverty is widespread this is considered middle class, but it's quite misleading to present that as middle class to a Western audience.

Re: Fab in India: India is trying to create an indigenous chip-making industry

#17

Earlier quoted context omitted.

This is ridiculous. If Malaysia is on the verge of surpassing Portugal in per capita GDP why can’t India? They’re each “deeply colonial states”, neither of them having any real connection to pre-British states except as constituent units. More generally India has already done plenty to help its citizens. Even before the end of the License Raj, when the wannabe Fabians we’re running India you had massive improvements…

Your statement on Malaysia and Portugal GDP per capita surprised me. So I did some fact checking. According to Wiki Malaysia’s 2018 GDP per capita is usd 10,941. Portugal is 23,176. [1] 1. https://en.m.wikipedia.org/wiki/Economy_of_Portugal https://en.m.wikipedia.org/wiki/Economy_of_Malaysia

If you look at purchasing power parity (PPP), the numbers are closer together: $30,859 (Malaysia) and $32,023 (Portugal).

Re: Fab in India: India is trying to create an indigenous chip-making industry

#18

Earlier quoted context omitted.

Your statement on Malaysia and Portugal GDP per capita surprised me. So I did some fact checking. According to Wiki Malaysia’s 2018 GDP per capita is usd 10,941. Portugal is 23,176. [1] 1. https://en.m.wikipedia.org/wiki/Economy_of_Portugal https://en.m.wikipedia.org/wiki/Economy_of_Malaysia

If you look at purchasing power parity (PPP), the numbers are closer together: $30,859 (Malaysia) and $32,023 (Portugal).

How many MacBook Pros do you get though. If anything, what the software developers might want is likely more expensive in Malaysia than Portugal. Likewise for India.

Re: Fab in India: India is trying to create an indigenous chip-making industry

#20

Earlier quoted context omitted.

If you look at purchasing power parity (PPP), the numbers are closer together: $30,859 (Malaysia) and $32,023 (Portugal).

How many MacBook Pros do you get though. If anything, what the software developers might want is likely more expensive in Malaysia than Portugal. Likewise for India.

Then go define your software developer purchasing power parity index.

Such economic measures are complex, and if you want to see a single number for a country, that number should be representative for everything and everyone

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