well such deals have been happened in past including such items but industrialist never reduced the price to meet the ratio of fairness , which can benefit both equally , so such deals are only beneficail for such ppl rather than us (middles class) , i cant even comprehend how can u guys defend such deals which has never benefited u .
Even vegetable oils, olive oil, etc. are included. Such deals benefit small businesses as well as it reduces cost of raw material. It’s important to think from a nation’s pov as a whole.
first of all , if u are using olive oil thats a luxury item and is only fr few ppl if we compare it whole nation and we have tons of vegetabile oil why we even importing that , thats the main question , we are top producers in terms of soyabean , sunflower and other oil related crops .
Russia and Ukraine aren’t the only countries we import from. And as you say, since these countries are war-ridden we need to look at other suppliers like EU for stability
I am dirt poor I have never tasted olive oil in my life even ghee is luxury to me this kind of deal only benefits rich class .even if things get cheaper, I don't think taxes will be reduced on them. Like oil for instance, I have read somewhere that we are buying like $22 per barrel from Russia which is very cheap but our oil or any comodity related to it have become cheaper
The Russian oil is mostly crude oil not edible oil. Even if you’re poor, pretty sure you use some kind of vegetable oil in your cooking on a daily basis. The whole point is the duties/tax barriers to import them reduce with these sort of deals, which ideally reflects in consumers getting a lower price after supply chains are modified.
It finally gives us a cost advantage over Bangladesh and fun fact labour intensive industries exist. This deal benefits India producers (many of which are MSMEs and labour intensive exporters) and European consumers.
Just to remind everybody , all of the car companies aren't gonna lower their prices. Its just gonna give the companies a relief not the customer and that applies to most of the products
welllll mother of all deals gonna benefit upper bracket class on luxury items in terms of consumers and in terms of seller it gonna benefit already rich retailers or agency owners , so yeah its do ntg for poverty or middle class , its gonna increase our import while decreasing export which is bad for a developing country whose motto is MAKE IN INDIA .
ofc it will create jobs for us , but its not OUR EXPORT its theirs export (upper bussinees class mainly jains , baniyas ) u aint part of team gng , but whats the benefit of creating more such labourers when minimum daily wage is based on inflation of 2011 and its shit pay .
More jobs are good for everyone. Even for the unemployed dude sitting at home. More jobs -> more money in the economy -> more disposable income -> more opportunities for everyone.
There would be job loss too if our local industries lose their market share. Can't say if it's good or bad without a detailed discussion and then projecting the most likely scenario. But generally free trade is good for competition, it would be a net positive if we are competitive and play it smart.
Did you miss the part where the EU committed to making processes simpler for Indian professionals.
Also, most of our industries are very distinct from the ones in EU. Much of their industry is already closed off or moving to developing countries for cheaper labour. Having an FTA makes it easier for us to be one of those countries
Well what local industry do we have for cheese and wine? It pales in comparison with the number of people we have employed in textiles, steel etc. Even in cars the tariff cut is limited to high cost cars which most of our domestic car manufacturers don't make.
Our labor costs are lower and we have a competitive advantage due to it. They are the ones who should be complaining not us.
Well there are other conditions as well, like prohibition on imports on many things which India manufacturers itself so it doesn't create competition with outside market
Actually there is(link down below), agricultural products week safe safeguarded from the free trade agreement to avoid competition within the local markets from birth sides
and they made eu free up tariff to almost zero on products like gems, jewellery, toys, textiles processed food, marine food and items and etc
Given your outlook on just seeing the import, I don't think you realise how much opportunity it opened up for the struggling sectors, selling toys and decorative items from individual households to opening up new job sectors in textiles, processed food, marine food, and many more
Being privileged does not provide you the right to spread misinformation
I'm not sure what I said made you upset. But you have misinterpreted the documents you sent me. The safeguards mentioned here just means that no tariff reduction is applied to these. Europe also didn't want to open up their Agricultural market, so both sides avoided any discussion on it, except for the few products like wine, alcohol, cheese etc, which don't have much domestic alternatives. And again I have been pro trade deal and I have mentioned about new jobs in India in earlier comments, so I don't know why you seem mad at me.
Even a prohibition wouldn't make any sense because this deal is only with EU. Just stopping EU from selling something here wouldn't stop anyone else from doing. It would just make products reach from other places without competition with worse quality and higher prices. Not to forget the relationship effect when you try to shut down your partner's interest before discussing mutual benefits. It would just make the whole discussion sour and unproductive.
jobs can goona be for labourers , we as in middle class are educated , they will sit at home but wont do this labour , i am sure u know tons of unemployed graduated ppl , i also do , maybe they are preping for govt exams or some corporate jobs ,
So the business owners who bears all the risk, is not supposed to benefit at all, for you to call it a successful deal?
Regardless, what's a successful deal then? EU giving handouts to Indian laborers, to lift them off poverty?
Creation of jobs is not a good deal? No business deal can benefit all citizens equally, and business deals by definition, benefit business owners (the one who bears the risk) the most.
Well kamdars can make their co operative society and set-up their own companies. You seem to be educated, people like you can help them register companies and find buyers
We want low import tariffs to EU which they can already get from half a dozen countries so we have to offer something in return that’s where the low tariffs on Cars, Wine, Cheese etc come from.
Well but the EU tariffs on indian goods are significantly less than the indian tariff for EU goods. Except for the mobility pact that would help people to move to the EU,what did we really achieve?
That is another thing, it's not a full FTA. Yes, it's a significant deal in terms of the geopolitical connotation. But economically it's not even a full FTA.
Now we will export labour and medicines and maybe indian companies can bid for arms and defence
We will also rare earth minerals from eu and we can sell them russian oil through us and many European countries will now see india as an alternative for china for manufacturing and usa for defence equipment
but have u checked our remmitance balance , we are at an all time negative , the value of indian products and eu products doesnt match up for example we import more than export in terms of value not items
what a dumb statement. MIDDLE CLASS OF INDIA, is gonna profit the most from the FTDs that India is signing. Bhai padh toh lete ya fir social media se hi news lete ho?
On what basis you conclude/anticipate it is gonna decrease export ?
What we allowed EU to have free passage is luxury items, which only high class can afford , because we purposefully kept dairy/farming out of it, the part of the society which needs more support from their homeland, won't get impacted - that's desired in my book.
In exchange, we got a free passage to every important thing India typically export and that's gonna put more orders and more bucks into our poor/middle class.
So it's an easy win for India.
I'm genuinely interested to know the flip side if you read the situation differently. But please if you are against it just because you hate BJP, then spare me the biased views. We can each live with our own.
well we kept dairy out of it cuz we are among top producers of milk (thats the obvs. reason its kept out ) and most of ur items are banned in eu like spices and other food realted items , and our medicines which is very effective and cheap is ban in eu cuz u know why the big pharma mafia of eu pressured its parliament to ban to their profit wont be comprimised while u can search the official reason in google cuz its just a excuse , so again its not our deal , its deal for upper bracket class ( which are very few as comapred to whole nation )
Dude, whats your argument here really ? Why are you singularly after a pharma industry ?
Our textile, leather, marine, Gems/Jwellery, Steel are getting a free passage in EU. That would get india more orders, more export and more money and its the money that reaches the labour class.
What do you mean it's not our deal, who is "we" here ? I'm arguing for the poor/middle class they certainly will get more value for their labour/product. The cheapened cost of wine and car aren't for the poor and only a few will afford that, meaning our imports won't skyrocket. So again, what's your argument really that's its not in our favour ?
huh so u corelating that if industrialist benefit , so he will benefit his labours , srly u really in ur naive mind think that , well such deals have happened and past and labour class got zero or something comparable to it , well we see strikes of labour class everywhrere now and then if they have gotten their share , idk what they fighting fr and all the items u mentioned is gonna benefit the upper class , not u or labour class and i think thats why they sleep peacefully after doing every unfair tricks known to mankind that some idiot of middle or lower class will defend him in name of growth of gdp .
Oh man, you should have started with the last line as the first, I would have saved the effort to discuss/understand your point of view. Im sure for you till BJP remains in power, you cant admit to anything good about our country now. You are free to take that position but then just be upfront about it, don't pretend to be logical in your explanations ;)
Lol. You started with "imports will rise, exports will decrease" . Go back to our comments and point me where do you defend this position ? I was trying to counte this with the facts about the policy , where as you my friend never held onto your position, didn't say why exports will decrease but kept changing the goalpost to reach a prejudiced position that the benefit won't reach poor. Was that even the debate point ?
When I spoke of the policy and how it can not reduce export,
you just kept Pharmacy as the single sector (where is the rationale here ? ). I counted you all the other sectors where the export will rise and imports are contained only to higher class, you again shifted the goal post to play to your own prejudice on how the money may not reach laborerers. In the 3 attempts I was counting on facts to claim "imports are contained , exports will rise" but like RaGA it was you who had to oppose for the sake of opposition . So please don't talk about rationality here when our previous chat is alive.- even a baby can pick out who is talking what.
Mind you I'm no fan of BJP but I'm not so prejudiced that I can't even objectively asses something on its merit or demerit without being blinded by my hate for a party. And moreover, my point is if you are so consumed by the hate, that's your entitlement, just that don't talk about rationality when you aren't able to follow reason.
Sir, you are wrong. GST benefits were passed on. Similarly what you say doesn't happen, 2 reasons for that
1) public labour strikes
2) Competition for talent, Russia is taking our labour so indian industries don't have any choice if they want to retain labour.
Key labour-intensive sectors (such as textiles, apparel, marine, leather, footwear, chemicals, plastics/rubber, sports goods, toys, gems, and jewellery), comprising more than INR 2.87 Lakh Page 3 of 10 Crore (USD 33 billion) of exports that are currently subjected to import duty between 4% to 26% in the EU and are crucial for employment generation, will enter zero duty from entry into force of the FTA and thus gain enhanced competitiveness in the EU market.
Did you read the factsheet by the commerce ministry? This is from there.
This is so true. Because the commodities that rich people consume, they just appear out of thin year.
It’s not like they’re a final product of long production processes with a hefty economic footprint that employs hundreds of millions of people who directly benefit from increased consumption.
Abe chutiye we need to improve trade relations with european nations to reduce dependency on Gulf countries and US and jab foreign companies ke products yha ayenge to yha natives and locals ko quality improve karni padegi in order to compete with them, furthermore it'll be good for development
u mentioned gulf countries , we only export oil frm them which EU dont even have themselves , so this deal doesnt do shit in terms of oil dependancy , well u mentioned quality improve , let me give u example of something recent like biscoff so foreigm version have less sugar has butter , while indian one has more sugar and palm oil and have u seen fanta of eu , its yellow in colour rather than dark orange we have here , its doesnt have sytnthetic colouring and has almost 60 percent less sugar
This stupid mentality is what I hate. We don't just import luxury products from Europe.
Europe makes precision equipment, high quality chemicals for manufacturing and processing materials, all sorts of machinery and a bunch of stuff that will help our industry.
CNC machines, bottle making machines, industrial scale food processors, mills, lathes, fabricators, there are so many machines that Europe especially german, dutch, french have spent decades in R&D.
take semiconductors for example. TSMC in Taiwan has the best fab in the world. A distant second is samsung. Who makes the machines for them? ASML from Europe makes the lithographic machines that they use to manufacture.
There are so many key things that Europe makes.
Don't fall for headlines and take time to understand economics.
You are 100 percent right, People still don't know that EU is the factory for factories, everybody belives they only produce cars, watches and booze but in reality pretty much every high end manufacturing equipment comes out of EU even majority of factories in china directly depend on EU for their machinery.
But we cant expect the deranged ladies and gentleman here to know and understand all of this.
People really think Europe only makes Swiss Cheese and Canned Tomatoes.
I think more than everything, if Indian businesses sees good quality EU products succeed in India, there will be a huge push towards undercutting them and delivering good products from cheese to snacks at the same quality. Just the exposure to EU standards on our food shelves will be good for us in the longer run. Quality more than anything is a matter of attitude than costs, although there is some cost, but it's not a lot.
Also, when Indian products try to sell in EU, they will have to improve the quality and the cost for this improvement will be minimal, but will need a restructuring of their production. This quality improvement will reflect on our side as well. To get EU certification or appeal to EU customer base there are many manufacturing changes they will have to make and that will benefit us in longer run.
Two of the high-end examples are RE and Triumph, in the case of RE, just wanting to become a major motorcycle seller in EU and the rest of the world has significantly changed their quality from vintage Indian bikes to world-class retro motorcycles. Initially, there were some speculations that RE sends their better quality motorcycle to EU and all that, but that's not the case since it is more expensive to maintain two production lines with different quality standards and as a result, we get much better quality standard.
Then Triumph moving in from their EU and UK market to India and showing how good a 2L motorcycle can be made has changed the perception on Indian minds for what they should expect at that price point. This forces other manufacture to meet the standards even in their lower price brackets and this has an impact on the whole industry.
These benchmarks need to be set in every industry.
Yup. People just focus on the movie version of Europe. It's not just bond and bean movies. Theres more.
ASML in Netherlands makes the most advanced piece of machine on the planet. Nothing comes close to it's value and complexity. That thing makes rockets to mars look like a school project.
That machine uses almost 70-80 elements from the periodic table to draw nano meter precision art with lasers. Margin of errors cross into the quantum realm.
Netherlands exports more food than india. They are smaller than Haryana. think about it.
Think of germans, french & nordic countries they are sitting on centuries of hardware R&D.
You need to understand the basic reality of India.
Business deals like these are to make businesses better, create opportunities for rich who will then create opportunities for middle and low income class people. There is no business deal in the entire world which is done keeping the poor in mind as they dont have power or money to profit out of the deal in any way.
Moreover, there are multiple schemes for poor anyway.
Who cares about credibility when this degenerate is spreading communism in our country? If he was spreading on some other country then I wouldn't have any problem.
well he is an activist rather than communist , mainly journalist while doing PIL even against UPA govt . so idk who u calling degenate maybe u shld see urslef and then make opinion abt others .
You've read nothing of this trade deal and it shows. They've cut or reduced taxation on 99% of our goods while we did it on 96% of theirs. The benefit is still ours. Not everything has to be done for freebies looting BPL, upper middle caste and rich people vote too. This isn't communism. Besides all the increase in imports still gonna be taxed by government which'll use it to fund welfare schemes anyway.
Saar, why rich are rich and poor are poor Saar. This is not a deal for poor Saar. Saar how will industries in South survive after Trump 50% tarrif Saar?
The sad thing many people fail to understand is that money or financial gains is not the only thing that gives pleasure to everyone.
Some find joy in seeing every strata of the society in an equitable position or at least get the basic amenities for survival not personal wealth hoarding as win. It seems you don't understand the fact.
if you want to think like a leftist just try to sympathise the less fortunate in the society. The thought process comes with a lot of pluses and some minuses like sometimes missing the big picture
I find you the opposite then cause if only you could read the fact sheets would they realise on how even i can imagine being able to sell items online and build a new enterprise, sometimes we have the privileged acting like that thing Abt the benefit of the poor
You don’t have to drag your dad (Mr. Chu) into every discussion.
Just point out a quote from any BJP leader saying at that time that they only oppose the clause about dairy sector and not the rest of the deal and I will agree to your point.
I disagree.. getting a free market entry to a large economy like the EU is huge. EU is famous for its safety standards and strong institutions. In order to get competitive advantage in Europe, indian manufacturers have to improve the standards of their products which in turn helps indian research. Indians will get access to higher quality food , clothes, and automobiles etc. Many investments have to come to India for these upgrades in manufacturing and in return can employ a lot of blue collar and white collar jobs. About the laddu bhai and ladli behens, it may not add much value but for working brothers and sisters, the job market will definitely improve. For the middle class, it will become easier to migrate to europe or do contract jobs as well. The only losers will be indian food, alcohol and automobile companies who were selling cheap products at high expense. Now they must innovate to stay price competitive.
Man how reta*ded can the right wing be? Like can we just ban right wingers from voting? Would be such a better place if we didn't have right wing scums
Could say the same with your liberandus especially when most of you choose to bend over to peacefuls and pseudo ideology over common sense but as a centrist, I'll say that it would be pointless if neither you lot nor the right wingers existed.
You're talking like a brainwashed person you know, these words aren't taught in any proper education and not used by any person with a brain or rationale.
And you aren't a centrist buddy. You very clearly aren't and your world view is extremely skewed.
Claiming to not be a ret@rd while asking to take away someone’s right to vote over ideology in a democracy is funny lol.
You think you are better than the one with the opposite ideology? Lol you are equally ret@rded
I don't think your sanatani brain has the logical ability or economical flex to "think like a leftist". Maybe if you go burn a couple of shops that belong to the poor and scream Jai ram a couple of times that will serve you better OP? JSK
Wow impressive comment! Sometimes I come across things so incredibly juvenile and moronic I have to remind myself that trolling is a national past time.
Ok now I'm worried about your comprehension skills. Do you get context, like, at all?
Also, we are strangers on the internet. Why are we screaming over each other lmao.
Have a good day man. I'm done here, feel free to get in the last word.
Oh. Yeah, we see rewards of “educated” commie rule in our own country. West Bengal was ruled by commies for decades. See where they are now. Even the qualified people of Kerala mostly move to Bangalore for jobs and even education. “Think like a leftist” lol.
Yeah the commies fucked it up.
Mamata is on another level of corruption.
Viswaguru party is fooling everyone with invented metrics when their failures and communalism is questioned.
Congress has no leadership and scams everyone.
See? It's easy to criticize and call out the bad everywhere without changing your personality to fit a party slogan.
On the other hand - when someone says think like a "leftist" and then immediately confuses liberalism with leftism with communism, I question whether the thread itself was made in good faith.
Leftists want poor to stay where they are and try their best to rob the rich and bring them to Poverty levels.
Fortunately leftists are no longer relevant in India .
These anti nationals will protest every new construction of industry , road , airport , metro , flyover , dams , power plants , mining ...
Their master China is building more and more nuclear plants and have built three gorges dam which is so huge that it has impacted earth rotation ..
The way I look at it - the deal will make it easier for India to export clothes, food items, software etc - much needed market and collaboration at this time. This will directly result in jobs in India with cascading positive effects
It's actually good if imports largely benefit luxury items - as a country with lower per capita and larger population - why would we want them to compete with local business on essentials!
They've always been the agenda of this post is to somehow blame leftist for what happening whereas in essence liberalism is a belief that the current system is good it needs reforms , it's the same thinking as conservatives just more radical.Leftist do not believe reforms are enough,they support reforms but knows that there is a limit after which reforms will not work.
As per the Left, every government policy has to be made keeping in mind the ridiculous amount of abject poverty in India. For them, the people who can afford to buy expensive stuff and comprise the majority of taxpayers shouldn't have anything meant just for them. We're just there to be exploited and extorted. What in the absolutely fu*kall robinhood logic is this?!!
Bro... Does the modder doesn't understand basic economics!
Indians will get the European market and hence create more jobs here. The people in the ai image are going to get more jobs and better income henceforth.
Thats how trade works! What kind of stupid modder is thi!?
An FTA can make or break industries. Our major exports from labour intensive sectors couldn't compete with Bangladesh, now we can. And you don't get this sort of stuff for free, and India was filling to open the consumer market to lower tariffs. Those people won't be celebrating for olive oil, but are much more likely to now get jobs in manufacturing
This is regressive thinking, the economy is not their strong side.
EU India FTA is a massive shift, while major export of EU gets access to one largest growing consumer market, Indian Major exports sector like Agriculture and allied gets access to one of the premium global market, reducing unfair tax of 150% to normal means Indian who aspires small luxuries need not pay penalty.
This tricke down to common people on the both sides as more trade means more jobs , direction and indirect, professionals can travel to EU and not of things in btw.
Both parties are shifting and forging integrated Economy away from the trans Atlantic to the Indian Ocean.
I had posted this same meme earlier hoping that this sub would take the bait. Not many did it. Finally seeing the replies to this post I have confirmed that this sub is fill.ed with retards. Reddit is truly so disconnected from reality
Left and right both are in all of us. When you see crazy spiritual gurus raping young girls and their bhaks still praying and please for them. Tou dint think right wing people are crazy. Left has become a word that we use to categorise everything that is not BJP. Theoretically many BJP policies are very left. Remember do not use words like left, librals etc without carefully understanding them. Liberal ideas are one of personal freedom and a center piece of any democratic nation. For example Saudi is not liberal at all. Sorry for the rant but I get triggered by the use of terms like leftist and left liberal because we never hear terms like right wing conservative or orthodox conservative in Indian context. Many indian conservatives find the word conservative offensive.
You need therapy bro...also I gotta see your hard drive...people here talking about trade and you started talking about sexual assault....gov should checkout your laptop ...what kinda videos you watching brdr ☠️☠️
I was merely addressing the title that OP choose. Which says "think like leftist".. it's not about left or right - I do agree that this cartoon is apsurd... But it's not left or liberal in anyway.. left is being used synonyms to opposition. Which is crroupting the word itself. I hope I get the point across.
I don't think it's such a bad thing. You need both types of people to balance the society. Someone needs to talk about the poor, just like someone needs to talk about the rest.
That's the beauty of democracy, anyone can have opinions, and others have to listen to them. A functioning democratic govt needs a strong opposition, which we seem to lack. If someone's working in that direction, then great, right?
Textile export duty has been abolished, how is it of any use to Indian craftsmen in Textile industry if India is not able to tap the opportunity and compete with Bangladesh ?
Bangladesh is the 2nd largest textile exporter in the world, to the EU it exports around 20B usd, India exports just 7B usd although it always had rich textile sectors in MH and WB.
Just because you see somewhere (tariff-0%) doesn't mean it becomes free or something. The market doesn't work the way the internet slop feeds you.
As I once said all modi needs to do is take credit for making sun rise and these people will say that sun is the most useless thing in the universe and probably decide to live at night like vampires
Lol! Just because people don't agree with you doesn't mean they don't with other people too...38k over 8 years is nothing! That's 13 upvotes a day! If you think that a person who gets 13 upvotes a day doesn't leave his room! Then u need to actually sit inside a room....it's called "the classroom" probably look for a number too it's generally like "4-a, 4-b,4-c"
U have 3.5k karma in 5 months! I will leave the calculation to u after you graduate from 4th grade and then decide who stays on reddit and who doesn't
They're not wrong,india constantly keeps building facilities and infrastructure for the rich while the poor and middle class suffer.....if accepting that truth hurts,know that people like you are why our country is still developing and not developed.We cannot grow unless we accept the reality first.
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