STCG tax, LTCG tax. Why would anyone sane invest in such a market? Vietnam is a much a better investment hub atp.
AdNational1490 on
Indian govt wants investment in the country but also wants to tax everything, you can’t have both the boobies in your mouth.
No_Excitement_1540 on
A part of it is also the security of the employees. From what we hear from a few of our customers that are (still) in India, they feel „unsafe“ to send especially female personnel down there…
In this, too, Viet Nam is a better location…
Three IT labs I was part of setting up 10+ years ago in Bangalore have moved out of India in the last three years, two to VN, actually, one went back to Germany.
Two of them had the „personnel security“ issue… And remember, that was in Bangalore, a city deemed rather safe…
bugsbunny3110 on
Wtf is happening in comments, Vietnam Fkkfest !?
Evenstar6132 on
On a semi related note, I was in India recently for a short business trip and omg the visa process was asinine. My e-visa was rejected twice for some stupid reason even though everything was correct. I ended up applying for an arrival visa with the exact same info and I got in without an issue. What??
I’ve been to many countries but India was the only country that seemed hellbent on making it difficult for foreigners to do business there.
Financial_Sport_6327 on
I mean, India has religious fascists in power, nobody in their right mind should be doing business there until the political landscape changes.
SmashStrider on
They’re trying to invite investors while making it hard for investment to actually happen.
[deleted] on
[removed]
sac666 on
And the absolutely kill any interest NRI might have in investing in India.
Calm-Blueberry-9200 on
25% of Indias Economy can be replaced with ai tokens.
Purplociraptor on
Pulling out might stabilize the population growth.
Street_Soft7957 on
Indian market is overvalued and doesn’t have a convincing growth story right now. Other markets are comparatively cheaper and have some growth stories. Outflows are inevitable.
Polooka on
Many companies outsourced their IT to Indian companies, and large tech companies setup software development and support centres in India to take advantage of the low wages.and taxes. This is now not as attractive as tax and wages have increased.
I only see more and more companies reassessing their investments in India and other low wage countries now AI is creating arguably better software and support experiences at lower cost.
Striking-Echo-434 on
Investors love the phrase „emerging market“ right until the market actually starts emerging unpredictably.
chaiscool on
Still a lot of business offshoring there though.
elizpar on
AI is going to replace outsourcing? Is that the bet?
Jinga1 on
The Indian visa website is a time capsule
OGFatBeans on
The only Indian company I know on a global level is Royal Enfield, a motorcycle producer. Investors are expecting China-like international companies, like Xiaomi/DJI/Tencent, to pop-up. Also, many of the IT/call center companies are being abandondend because you can just have AI do that.
SilentPlopGobbler on
I bet their scam call centers are still thriving in India.
Harrison88 on
As a tax professional, it wouldn’t touch India with a barge pole. Absolute nightmare. You’ll end up in years of litigation because they’ve took a totally different opinion to Indian professional advisors and OECD standards. You spend a shit ton of cash on advisors and lawyers and maybe in 7 years time you’d get your tax assessed back. Oh, and that’s all without actually having a permanent establishment or legal entity in the country.
yolo-irl on
pull up, but not out.
rlyply on
Philippines is the new hotness for abusing low wage workers and offshoring, it’s over for India
realKevinNash on
So now is the time for me to get in?
BendicantMias on
So much nonsense in this comment section, from people who’ve clearly not even read the article. Money is being pulled out of many other developing market economies as well, including the wests‘ new darling Vietnam. And where is the money going now? According to the article itself –
>Investors are instead looking to South Korea and Taiwan, where stocks are booming on the back of AI chip demand.
AI. This is about AI. This phenomenon is playing out in the west as well, where the entry level job market has been hardest hit by the AI disruption. They’re getting rid of ever more low end / starter jobs, retaining only the higher end professionals with over a decade and then some of work experience.
India is also hurting, again in concert with other Asian economies, cos of Trumps‘ stupid war on Iran, again as explicitly called out in the article itself –
>India has also been hit especially hard by the ripple effects of the Iran war, with New Delhi recently urging Indians to travel less and stop buying gold. The rupee has weakened considerably.
DOGEFLIEP on
Super power by 2050
Jinli_Cai on
„Shortsighted foreign investors pull out of India“
There, fixed the headline.
RevengeOfTheIdiot on
Also missing out that all the offshore scabs and scammers from there are the ones being hit hardest by AI taking their jobs
Good!
xiaomi558869 on
The chickens are coming home to roost. Falling rupee, huge import bill, relying on remittances for current account balance, poor infrastructure, rigged markets and corruption at SEBI and exchanges, thin margins, ultra cost conscious consumers, misaligned total addressable market claims, poor quality of regulation (FSSAI), poor business environment and illogical company law in some cases (Bira episode), total ignorance of the environment. All things add up little by little.
Was the PM speech a prelude to something more nasty?
Justaticklerone on
Can customer support be pulled out of India too? Asking for a friend. And a family member. And my neighbor. And my enemy.
holeycheezuscrust on
Until they can curb the corruption and misogyny India will continue to be it’s own worst enemy.
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STCG tax, LTCG tax. Why would anyone sane invest in such a market? Vietnam is a much a better investment hub atp.
Indian govt wants investment in the country but also wants to tax everything, you can’t have both the boobies in your mouth.
A part of it is also the security of the employees. From what we hear from a few of our customers that are (still) in India, they feel „unsafe“ to send especially female personnel down there…
In this, too, Viet Nam is a better location…
Three IT labs I was part of setting up 10+ years ago in Bangalore have moved out of India in the last three years, two to VN, actually, one went back to Germany.
Two of them had the „personnel security“ issue… And remember, that was in Bangalore, a city deemed rather safe…
Wtf is happening in comments, Vietnam Fkkfest !?
On a semi related note, I was in India recently for a short business trip and omg the visa process was asinine. My e-visa was rejected twice for some stupid reason even though everything was correct. I ended up applying for an arrival visa with the exact same info and I got in without an issue. What??
I’ve been to many countries but India was the only country that seemed hellbent on making it difficult for foreigners to do business there.
I mean, India has religious fascists in power, nobody in their right mind should be doing business there until the political landscape changes.
They’re trying to invite investors while making it hard for investment to actually happen.
[removed]
And the absolutely kill any interest NRI might have in investing in India.
25% of Indias Economy can be replaced with ai tokens.
Pulling out might stabilize the population growth.
Indian market is overvalued and doesn’t have a convincing growth story right now. Other markets are comparatively cheaper and have some growth stories. Outflows are inevitable.
Many companies outsourced their IT to Indian companies, and large tech companies setup software development and support centres in India to take advantage of the low wages.and taxes. This is now not as attractive as tax and wages have increased.
I only see more and more companies reassessing their investments in India and other low wage countries now AI is creating arguably better software and support experiences at lower cost.
Investors love the phrase „emerging market“ right until the market actually starts emerging unpredictably.
Still a lot of business offshoring there though.
AI is going to replace outsourcing? Is that the bet?
The Indian visa website is a time capsule
The only Indian company I know on a global level is Royal Enfield, a motorcycle producer. Investors are expecting China-like international companies, like Xiaomi/DJI/Tencent, to pop-up. Also, many of the IT/call center companies are being abandondend because you can just have AI do that.
I bet their scam call centers are still thriving in India.
As a tax professional, it wouldn’t touch India with a barge pole. Absolute nightmare. You’ll end up in years of litigation because they’ve took a totally different opinion to Indian professional advisors and OECD standards. You spend a shit ton of cash on advisors and lawyers and maybe in 7 years time you’d get your tax assessed back. Oh, and that’s all without actually having a permanent establishment or legal entity in the country.
pull up, but not out.
Philippines is the new hotness for abusing low wage workers and offshoring, it’s over for India
So now is the time for me to get in?
So much nonsense in this comment section, from people who’ve clearly not even read the article. Money is being pulled out of many other developing market economies as well, including the wests‘ new darling Vietnam. And where is the money going now? According to the article itself –
>Investors are instead looking to South Korea and Taiwan, where stocks are booming on the back of AI chip demand.
AI. This is about AI. This phenomenon is playing out in the west as well, where the entry level job market has been hardest hit by the AI disruption. They’re getting rid of ever more low end / starter jobs, retaining only the higher end professionals with over a decade and then some of work experience.
India is also hurting, again in concert with other Asian economies, cos of Trumps‘ stupid war on Iran, again as explicitly called out in the article itself –
>India has also been hit especially hard by the ripple effects of the Iran war, with New Delhi recently urging Indians to travel less and stop buying gold. The rupee has weakened considerably.
Super power by 2050
„Shortsighted foreign investors pull out of India“
There, fixed the headline.
Also missing out that all the offshore scabs and scammers from there are the ones being hit hardest by AI taking their jobs
Good!
The chickens are coming home to roost. Falling rupee, huge import bill, relying on remittances for current account balance, poor infrastructure, rigged markets and corruption at SEBI and exchanges, thin margins, ultra cost conscious consumers, misaligned total addressable market claims, poor quality of regulation (FSSAI), poor business environment and illogical company law in some cases (Bira episode), total ignorance of the environment. All things add up little by little.
Was the PM speech a prelude to something more nasty?
Can customer support be pulled out of India too? Asking for a friend. And a family member. And my neighbor. And my enemy.
Until they can curb the corruption and misogyny India will continue to be it’s own worst enemy.