Quick notes: Manufacturing exports | R&D spending...

• VikAss not working: India’s manufacturing exports are declining BIG time, while raw material exports are going up. In contrast rivals like Vietnam and Bangladesh managed to post positive figures for their export of manufactures ranging from garments to light engineering. . . . Superpower in history debates



• The next China? India first needs to beat Bangladesh. Even without the pandemic, India might have eventually lost the race to Bangladesh which is taking a leaf out of China’s playbook. China held on to high GDP growth for decades by carving out for itself a far bigger dominance of low-skilled goods manufacturing than warranted by the size of its labor pool.  However, India has gone the other way, choosing not to produce the things that could have absorbed its working-age population of 1 billion into factory jobs.
  



• Leaving the rest of the world behind: China's economy roars back to life while activity in the US, Europe and Japan shrinks.. China is the only region where supply and demand have both recovered. It has achieved this with a much smaller fiscal stimulus package. 



• EV hub: Tesla Inc will start exporting China-made Model 3 cars to more than 10 European countries this month, joining a growing number of automakers using China as an export hub for electric vehicles.



• Royal Enfield: An Indian-made motorcycle with a retro look Is coming after Harley... In its last financial year before the pandemic struck, the company sold about 824,000 bikes globally. Harley, by contrast, shipped about 218,000.




• Why Govt R&D Spending Does Matter: A 10% increase in govt-financed R&D generates a 5% to 6% additional increase in privately funded R&D resulting in productivity gains.

yes. IIT/eng/medical education has been generous 'foreign aid' give by india to the US. at the cost of universal primary education. i once wrote that the middle class hijacked indian edu budgets for the benefit of their kids. IITs are "finishing school for the middle class" 1/2

— Prof राजीवः श्रीनिवासः (@RajeevSrinivasa) October 17, 2020




• Anti-submarine warfare: DRDO’s SMART missile could be trump card against China’s submarines



• Obsessed with fair skin: 'Name one dark-skinned superstar in Bollywood'.



• Help the traditional goldsmiths:

#Tanishq episode should now be used to benefit small time hindu goldsmiths , the traditional sunyaras who sit in small shops...
Let's make their #Diwali beautiful from now onwards
Pls encourage all your family & freinds to do so!

— Ritu (सत्यसाधक) #EqualRightsForHindus (@RituRathaur) October 14, 2020




• De-paving the streets: 800km of lesser-used roads in Sydney to be replaced with pedestrian networks, community spaces and market gardens.



• Larry Summers: America would have saved trillions had it handled the pandemic as well as Pakistan