India's First CPUs Are Ready for App Development

See this is where we fundamentally disagree.

What if the private sector / government is unable to provide them jobs ?

India adds 1 million new white collar graduates to its workforce every month ! do you think the government would really care if 1 million of them just left ? there would be another 1 million added next month.

In fact the Indian government actively wants to send more young people to every part of the world - latin america, middle east and europe. Since those worker send back forex income.

Most of these young gradates end up working in call centers or their talent get wasted doing other low productivity work. The Indian economy cannot absorb so many graduates.

> I've reread my original comment and its clear enough what I said. I've also clarified what I said, so why do you keep ignoring what I have actually said in favor of what you imagine I said?

Your original comment states that India should open its market, you do not have to be an Indian to understand how deeply offensive it might be to people of the subcontinent ( China too ). It's like talking about 'states right' to African americans.

Let me break down the history behind your argument.

- During WW2 the Brits used 'free markets' to argue taking rice from India to Britain during a famine where 3 million people died. They used British guards to protect grannies from civilians dying outside. I have spoken to people who were alive during that famine, how well do you think they will react if you made your argument about opening India to 'rapacious global market'.

- The brits heavily taxed Indian merchant ships, selling of Indian boats - just to keep their seamen and dockworkers in london employed. While Indian workers in Mumbai couldn't sell boats to Indian merchants in their own country !

- When the brits first came to India, India was the textile factory of the world. The arguments the brits make is that their superior 'technology' and 'industrial revolution' caused the collapse of the Indian textile industry. The reality was quite different that what British historian have been pedaling. Firstly, innovation in textile has been happening for 2000 years, there was no reason for India's textile industry to suddenly collapse just when the brits started ruling over India. The height of British colonial horror was cutting off the fingers of 300,000 textile workers.

So Britain's modern success has a lot to do with actions of its rule during 'Empire' ( which need I not remind you existed just one generation ago ).

> do you think they'd want to risk sinking it (hows that for a mixed metaphor!) by exposing it to the rapacious global market?

The real 'rape' here was India's inability to protect it's interest.

How long do you think Britain will take to recover if some foreign power cut of the fingers of 300,000 bankers and coders in London ?

India needs tariffs since without it, a large number of its smaller manufacturing operations would collapse.

The best example is agricultural produce, India has high tariffs on foreign agri goods ( especially American ones) , because a country like America can just dump its large agricultural surplus onto India. This would increase rural poverty and increase rural unrest, (families earning 2 dollars / day would earn 0 dollars / day) - something India has been working towards improving.

We already know US has been subsidizing its agri sector for more than 100+ years. 100 years ago India was at the height of its colonial exploitation.

We can also examine Mexico where NAFTA increased Mexican rural poverty, increased inequality and made Mexico dependent on American food production ( something the americans would never tolerate happening to them ).

The price saving on buying American agri produce in India is also not extremely different that buying locally produced food. So its anyway a small subsidy from the well off to the peasant class.

Do you still think India should just abandon its 800 million farmers ? and introduce them to 'rapacious global market' - when their families didn't even have one generation to build equity ?

Also, when India became independent the brits thought India would collapse within 10 years, it's been 70 years and India's economy is the second largest in GDP/PPP. It's sending satellite to space and doing mars mission, and also has lifted the most people out of poverty after China.

So maybe they do not need your advice ? maybe they are doing something right ? The Ministry of Finance in India are not run by idiots, maybe finally the democratically elected government of India is doing what is best for it's people ?

Tariffs, markets and money are just tools and should be slave to national interests. In this particular case, india need to develop its own semiconductor capabilities. If it means stealing IP, tariffs, industrial espionage then so be it.

We can clap at the Brits making ARM chips, but the Indian government won't allow Britain a perpetual monopoly to sell chips in India, especially if it harms it's balance of payment.

Having said that, India normally plays by the rule much more than China due to being a democratic government ( which I think was wrong, India should have done what China did, but that is my personal opinion ) - only exception being pharmaceutical and nuclear weapons in 1990s ( both were existential threats, one to it's trade deficit and ther other to the state itself ).

The only reason why I spent so much energy on this topic is because it always hits my nerve, its deeply offensive to ignore the legacy of colonization in India when discussing free trade. It's like me trivializing north sea fish quota to Brexiteers.