India orders to create 700,000 jobs in USA

[Tintinnabulate]

New Delhi: India sourcing of US military and nuclear hardware and civilian aircraft could create over 700,000 jobs in the US over the next 10 years, a Confederation of Indian Industry (CII) study has estimated.

http://www.financialexpress.com/news...ys-CII/707916/

I guess that's why Obama and Cameron go to India. And people moan that they "donate" to India without realising that its part of a larger deal where the donor country benefits greatly.

[-:Undertaker:-]

I suppose its making up for all of the jobs that are being constantly outsourced to India, as for aid - you have it wrong. We give them money, they spend the large part of it - they then (as part of the 'deal') invest some of it back in the United Kingdom/United States meaning we've still made a loss.

The best method for trade is low taxes, less regulation and good education - to create a generation of investors who will go over there after doing good business here in the United Kingdom and buy up Indian companies thus bringing money back to the United Kingdom - the Thatcher generation.

Foreign aid is much like the way the European Union works in terms of finance, I give you £10 and you 'invest' in me 50p - we're still being taken for a ride no matter how the politicians spin it with fancy words. Cut all foreign aid now - especially to the likes of India who are busy arming themselves with expensive nuclear weapons to point at Pakistan and who are developing a space programme beyond anything we could even dream of.

[Tintinnabulate]

I suppose its making up for all of the jobs that are being constantly outsourced to India, as for aid - you have it wrong. We give them money, they spend the large part of it - they then (as part of the 'deal') invest some of it back in the United Kingdom/United States meaning we've still made a loss.

The best method for trade is low taxes, less regulation and good education - to create a generation of investors who will go over there after doing good business here in the United Kingdom and buy up Indian companies thus bringing money back to the United Kingdom - the Thatcher generation.

Foreign aid is much like the way the European Union works in terms of finance, I give you £10 and you 'invest' in me 50p - we're still being taken for a ride no matter how the politicians spin it with fancy words. Cut all foreign aid now - especially to the likes of India who are busy arming themselves with expensive nuclear weapons to point at Pakistan and who are developing a space programme beyond anything we could even dream of.

Yes but if they don't give them "aid" then they are probably less likely to create jobs here. Either way, UK ofcourse should not be giving other countries "aid" when it is in so much debt itself.

[-:Undertaker:-]

Yes but if they don't give them "aid" then they are probably less likely to create jobs here. Either way, UK ofcourse should not be giving other countries "aid" when it is in so much debt itself.

Not really, the lower the tax rates we have here (with less regulation) then the more likely business is to invest here. Agreed on second point entirely.

[Tintinnabulate]

The best method for trade is low taxes, less regulation and good education - to create a generation of investors who will go over there after doing good business here in the United Kingdom and buy up Indian companies thus bringing money back to the United Kingdom - the Thatcher generation.

Right now the opposite is happening where the Indian companies are buying UK companies. I think TATA bought a Steel company in Wales a few years ago.

[-:Undertaker:-]

Right now the opposite is happening where the Indian companies are buying UK companies. I think TATA bought a Steel company in Wales a few years ago.

Well exactly because we haven't got the kind of investment spirit we had back in the 1980s. It is becoming very hard now to make money in this country to the extent that you can elsewhere, mainly because of over-regulation of business by the government and more so the European Union. GDP growth is slow in the western world (United States, European Union) because of over-regulation and government taxation on virtually everything. Look at the financial crisis really, Australia and the rest of the world weathered the storm pretty well - the European Union and the United States in particular are still facing deep problems.

The trick with a lot of these companies now is, go to the United Kingdom and buy up their business - either to outsource them or just to build business Empires. Its very dangerous but also very sad that we aren't doing the same around the world, buying companies. I mean i'm sure we do it, but we are certainly not reaching our potential at all.

As Bloom states, we (as in the political class) just need to get our faces out of the people and let them get on with it.

/end essay.

[MrPinkPanther]

Deregulation of the financial sector is fantastic, I mean the Lawson boom really stabilised the economy didn't it....oh wait...no...no it didn't.

[-:Undertaker:-]

Deregulation of the financial sector is fantastic, I mean the Lawson boom really stabilised the economy didn't it....oh wait...no...no it didn't.

Recessions occur all of the time, more regulation won't stop it - the least regulated economies (China, India, Australia, New Zealand) have recovered far better than the more regulated economies such as the United States, the Eurozone, the United Kingdom and so forth.

Bury your head in the sand, but take a look at it. Are you really suggesting that with regulation, the economy would always follow an upward trend without any setbacks?