Interested in comments from anyone who lives in India or has experience/familiarity with it as to whether reality on the ground matches the rosy picture painted in the article.
[deleted]
India lifted 415M out of poverty in 15 years, says UN
251–260 of 544 posts
Re: India lifted 415M out of poverty in 15 years, says UN
#252One of the best things about living in India is watching families move from lower or lower-middle class to middle-class status. Usually, all it takes is someone from the family landing a white-collar job. While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability.
> While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability. The same goes for most "slavery" jobs. A lot of people's fortunes has turned all over the world by working under "inhumane" condition for American or European companies. These are actually good jobs in respect to state…
Anti-capitalists and anti-globalists fail to understand that it's impossible to transition from very shitty conditions to good conditions hitting a midpoint of moderately shitty conditions. They just cherrypick examples of bad situations out of context and declare it to be proof of the failings of globalist capitalism without listening to the actual opinions of those they perceive to be victims.
Re: India lifted 415M out of poverty in 15 years, says UN
#253Earlier quoted context omitted.
When I see Indian developers, I have in my mind that they're similar to Chinese: the whole village bands together and gather resources to give that one kid a university education and a good job, so that that one kid returns to the village many years later to help people out of poverty.
I have an uncle who came from Malaysia to the US in the 70's to do his studies. He was "given the task by his village elders.." as he would say and they did exactly that pooled resources and made sure he finished school. When I heard his story I was so moved. He's built everyone in his village a house, invested in many businesses now, literally changed lives of countless families and friends.
That's a great story.
Re: India lifted 415M out of poverty in 15 years, says UN
#254Per my observation over the years, India immigrants are unique at hi-tech job market, when one India became a manager, over one or two years, all his team is pretty much filled up with people from India, this is unseen in other ethnic groups like Chinese, Japanese, or any other races. I can not stop thinking if they violated Equal Employment Opportunity (EEO) laws in US.
Isn't it the same phenomenon as hiring alumni from your graduated school ?
I've anecdotally seen it happen again and again with the universities of the recruiting managers being overly represented in the candidate pool.
To note, Indians have a closer affinity to english putting them in an interesting position when moving to the US/UK (where I suppose you live). That affects wether the immigrant pool has a pretty normal social distribution or if the people getting out of their country are also used to getting out of their comfort zones. Japanese are specially affected by this, and workers that decided to go abroad will be less flocking into disporia communities.
Re: India lifted 415M out of poverty in 15 years, says UN
#255Per my observation over the years, India immigrants are unique at hi-tech job market, when one India became a manager, over one or two years, all his team is pretty much filled up with people from India, this is unseen in other ethnic groups like Chinese, Japanese, or any other races. I can not stop thinking if they violated Equal Employment Opportunity (EEO) laws in US.
Sounds suspiciously like anecdata...
[deleted]
Re: India lifted 415M out of poverty in 15 years, says UN
#256Earlier quoted context omitted.
Why do so many people on HN hate on China? What's your relationship with Chinese people in your personal life?
I just have an issue with the CCP and their apologists. That is primarily who people refer to when they say China. It is pretty common speech. Same when talking about America doing something, we refer to the US government primarily, not its people.
The problem is that many people who say, "I just hate the CCP" go on to say things like,
* "China steals everything" (which essentially labels Chinese people as thieves).
* "Chinese scientists created CoVID-19 and then lied about it" (alleging that Chinese scientists have no integrity).
* "China only copies" (implying that Chinese people aren't creative).
* "Chinese numbers are all fake" (implying that millions of Chinese people are in on some conspiracy to fake everything).
In other words, in my experience, many people who say they just hate the CCP actually hold a huge number of negative stereotypes about Chinese people, and have a very conspiratorial view of the country.
One fact that everyone here should take into consideration is that the Communist Party has a very broad base of support in China, and is fairly popular. Most people actually approve of the central government, not in everything, but in general. If the Communist Party were as comically evil as people in the West tend to think, it wouldn't have this level of support, and it would lose power pretty quickly.
And one can't explain its popularity by claiming that Chinese people don't know what's going on - they tend to be far better informed about happenings in China than 99% of commenters in your average English-language internet forum. If you can't imagine why people in China would support the government, just consider the fundamental transformation that hundreds of millions of people have gone through in the last few decades. People who did not even have running hot water in their homes or reliable electricity are now wealthy enough to fly to Paris for a week.
I'm not trying to paint a rosy picture of the Chinese government or the Party, but I'm just pointing out that things are significantly more nuanced than most people here think.
Re: India lifted 415M out of poverty in 15 years, says UN
#257One of the best things about living in India is watching families move from lower or lower-middle class to middle-class status. Usually, all it takes is someone from the family landing a white-collar job. While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability.
My first job was in Infosys back in 2001. Coming from a lower-middle class farming family, it was a huge deal. My monthly gross was something my dad (farmer) + mom (school teacher) would earn in an entire year. I remember my dad proudly putting a portrait of NR Narayana Murthy (founder of Infosys) on our wall - it is usually reserved for gods/ancestors or revered sages.
For anyone that doesn’t know (although admittedly not particularly relevant, but topical) Narayana Murthy is the FIL of the now-current UK Prime Minister, Rishi Sunak.
Re: India lifted 415M out of poverty in 15 years, says UN
#258Why does the US need to stick to a 2% inflation rate? India's has exceeded 5% for decades ( https://www.worlddata.info/asia/india/inflation-rates.php#:~... .). Indian stock market shows no signs of recession. If you held since 1990 (or inception) (data from tv https://www.tradingview.com/x/rGnAJxlH/ ) : Ethereum +9110% India NIFTY50 +6059% Bitcoin +5566% Nasdaq100 +4705% Shanghai SSE Composite +2307% NIFTY100 +1709%…
> Why does the US need to stick to a 2% inflation rate?
Because high inflation means the money in your bank account becomes worthless at an exponential pace.
Re: India lifted 415M out of poverty in 15 years, says UN
#259Why does the US need to stick to a 2% inflation rate? India's has exceeded 5% for decades ( https://www.worlddata.info/asia/india/inflation-rates.php#:~... .). Indian stock market shows no signs of recession. If you held since 1990 (or inception) (data from tv https://www.tradingview.com/x/rGnAJxlH/ ) : Ethereum +9110% India NIFTY50 +6059% Bitcoin +5566% Nasdaq100 +4705% Shanghai SSE Composite +2307% NIFTY100 +1709%…
If you want the reasoning, this IMF paper[1] goes into the detail. Generally gist is development rate (like GDP) is high in developing country, so is the inflation
[1: Inflation Targeting as a Framework for Monetary Policy]: https://www.imf.org/external/pubs/ft/issues/issues15/
Re: India lifted 415M out of poverty in 15 years, says UN
#260Per my observation over the years, India immigrants are unique at hi-tech job market, when one India became a manager, over one or two years, all his team is pretty much filled up with people from India, this is unseen in other ethnic groups like Chinese, Japanese, or any other races. I can not stop thinking if they violated Equal Employment Opportunity (EEO) laws in US.
I am an Indian immigrant CEO. None of my direct reports are of Indian origin. You hire the best people you can find for the job you have.