[addicted]

The ruling government has destroyed the Indian economy with its arbitrary decisions. And sometimes the get the judiciary to chip in as well.

The first real disaster to the Indian economy was the billions in retroactive taxes that were applied to telecoms. And then the attempt made by the government to break through the corporate firewalls and extract that money from foreign parents. That hit FDI immediately.

That was followed by demonetization, extremely poor rollout of GST, a terribly executed lockdown and subsequent reopening, and now the arbitrary control over Chinese companies when China is probably the largest private investor in India right now. All these things are hurting India with little benefit to show for, other than jingoistic support for the ruling party.

India is yet another example of “<Country> First” parties coming in and taking actions which undermine the absolute fundamentals of what the country is and damaging it and its citizens in so many ways.

Make life terrible for your citizens and blame China while looting your citizens left right and center is apparently a winning strategy in multiple countries.

[mayama]

Retroactive taxes was from previous gov. After recently launched PLI scheme, India has record high FDI inflows[1]. FDI was flat in 18 and 19, started increasing last year after corporate tax cut and further after PLI scheme.

Of course, India still has long way to go regarding Ease of Doing Business, with byzantine land and permit laws, capital crunch for MSME etc.. Some states like UP, Gujarat are trying to get around byzantine laws by abolishing them for few years. And of course GDP will contract after complete lockdown for a quarter.

1. https://www.financialexpress.com/economy/modis-incentive-sch...

2. https://www.financialexpress.com/economy/modis-incentive-sch...

[kumarvvr]

> and now the arbitrary control over Chinese companies when China is probably the largest private investor in India right now

I do not fully agree with some of the other points made, but this I completely disagree. There are many reasons the banning of Chinese money and influence in India is a long term strategic security issue.

For the immediate short-term, there are Chinese tanks, fighter planes, artillery and soldiers gathering across the border with India, with multiple incidents and provocations. India still has the debacle of 1962 Sino-Chinese war fresh in it's mind. Couple that with the recent aggressive posturing, land grabs and general disregard for the rights of other countries displayed by China, it is obvious why Chinese capital and companies have to be banned or reduced.

You cannot have trade / exchanges with a country that is on the verge of attacking you. The very fact that China chose a military display of power to provoke India, very clearly shows that China does not respect India and it's sovereignty.

Now you may couple this with other aspects of Indian domestic and foreign policies, but those have to be solved through other channels. Not by military force.

Perhaps you are from the US, and believe that global flow of capital is more important and sacred than other issues, but I would encourage you to have a look from a different perspective.

Investments by Chinese companies in various countries around the world makes it clear that China is trying to influence internal politics of other nations through it's money and loans.

Please read how Chinese companies have wreaked havoc in Africa and South-east Asia.

At this point of time, China simply cannot be trusted by India and Indians. Neither should other countries. Because, in the long term, China has plans for world domination and being a super power. But that is not based on sound values, like that in the US constitution, but based on authoritarian diktats and a world view where Chinese usually see no one is their equal or even close to being one.

[Fluid_Mechanics]

Clearly you lack the faith to trust in the wisdom of malicious demagogues supported by hysterical crowds

[pagan42]

Please cite your sources, exactly and to the point. Lockdown if executed in any way would have been abused by the people.

People went on a rampage in *religious ( Taliban linked)" gatherings, India didn't had much cases but these bunch of people made sure the cases spread.

It's the people to he blamed for the lockdown spread

[kranner]

The Aurangabad branch of the Bombay High Court has quashed cases against members of the Tablighi Jamaat (which parent seems to be confusing with the Taliban) and said that they were made "scapegoats". [1]

In any case, large gatherings in both religious and political contexts have continued during lockdown. The lockdown has had no apparent success in reducing the rate of new infections. [2]

[1] https://indianexpress.com/article/india/tablighi-jamaat-case...

[2] https://www.ft.com/content/53d946cf-d4c2-4cc4-9411-1d5bb3566...

[nsriv]

And what was the Ayodhya temple inauguration but a superspreader event endorsed by the highest political power in the land, disguised as a religious gathering?

[connectsnk]

Dont know why this is being downvoted. Sounds like a reasonable argument

[saagarjha]

Asking people to cite their sources without presuming good faith is not very welcome here.

[kranner]

No, it's totally welcome AFAIK.

But the comment made an inaccurate claim regarding the Taliban (which is not relevant in any way related to Covid infections in India) and neglected to provide any sources for their own claim while demanding sources from their parent.

[saagarjha]

Asking people to cite their sources in good faith is very welcome. Asking people to cite their sources in bad faith is not welcome because commenting in bad faith is not welcome. It says so in the guidelines: https://news.ycombinator.com/newsguidelines.html

[kranner]

My comment was about asking for sources, which is not mentioned in the guidelines specifically. "Assume good faith" is about how comments are to be interpreted, presumably when there is ambiguity. I don't see that it applies in this case.