Delusional India to be chip power by 2030

[Nefertiti]

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India rules out joining world’s largest trade deal, accuses China of ‘very opaque’ trade practices
PUBLISHED SUN, SEP 22 202410:03 PM EDT

“India is not going to join the RCEP because neither did it reflect the guiding principles on which ASEAN was started, nor is it in the nation’s interest to do a free trade agreement with China,” India’s Minister of Commerce and Industry Piyush Goyal told CNBC’s Tanvir Gill in an interview.

The RCEP deal was signed in 2020 by 15 Asia-Pacific countries — which makes up out 30% of global GDP — and came into force in January 2022. The countries are the 10 members of the Association of Southeast Asian Nations, and five of their largest trading partners, China, South Korea, Japan, Australia and New Zealand.

Negotiations for the RCEP started in 2013 and initially included India, which some members viewed as a counterbalance to China. However, in 2019, India chose not to join RCEP, citing unresolved “core interest” issues. Back then, India did not expand on what some of those core unresolved interests were.

The minister also made a strong case for India to become a Taiwan “plus one” semiconductor country.

“We expect the demand for semiconductor products to be about $100 billion by 2030, and will grow exponentially thereafter,” he said, adding that interest in India’s semiconductor industry is expanding “by leaps and bounds.”

India aims to establish itself as a major chips hub similar to the U.S., Taiwan, and South Korea, actively seeking foreign companies to set up their operations in the country.

India’s chip strategy has two main components: attracting foreign companies to establish operations and invest in the country, as well as forming partnerships with other major semiconductor nations, such as the U.S. In 2021, the government approved a $10 billion incentive program for the sector, which is also available to foreign companies.

As of 2024, Taiwan, the world’s chipmaking powerhouse, is expected to hold around 44% of global market share, followed by China with 28% and South Korea with 12%, according to a report. The U.S. and Japan account for 6% and 2%, respectively.

The authors of the report, Taiwan consultancy Trendforce, said Taiwan’s global capacity share in advanced manufacturing processes is expected to decrease to 40% by 2027, while South Korea’s could see a 2% decline. In the same time period, China’s is expected to increase by 3% to 31%.

https://www.cnbc.com/2024/09/23/india-rules-out-joining-rcep-accuses-china-of-non-transparent-trade-practices.html

[Nefertiti]

RCEP is ASEAN + china, Japan, South Korea, Australia, New Zealand. It replaced TPP. Australia and Japan are China archrivals but maintain trade surpluses with China so they happily joined... but not Modi big Hindu ego.

India should be positioning as China Plus One nearshoring alternative and keeping their loudmouth silent. But no they want to be chip power. Of course looking at the trends nothing remotely indicates India has any chance to be chip power in the near future.

Foundry capacity market share to decline in Taiwan, Korea until 2027, while China, US on the rise



https://www.trendforce.com/news/2024/05/14/insights-trendforce-foundry-capacity-market-share-of-advanced-process-to-decline-in-taiwan-korea-until-2027-while-us-on-the-rise/

[Nefertiti]

India the wanna-be superpower

Watching India vs Pakistan border skirmishes is comical. They fought for 3 days before Trump intervened. India seems to believe Pakistan is Lebanon or Syria while India is Israel  But noone buys their BS.

If you watch Indie channels WION or Firstpost you can see the dynamics and theatrics.

Of course they insist everyone is biased - the West, China, etc - are really bashed for parroting Pak narratives.

I am surprised they haven't blocked CNN and BBC.


India blocks X accounts of Chinese state media over coverage of Kashmir crisis
https://www.theguardian.com/world/2025/may/15/india-blocks-x-accounts-of-chinese-state-media-over-coverage-of-kashmir-crisis

[Nefertiti]

Modi is Trump with a poor country

[Kadudu]

What role do African countries play here?

[Nefertiti]

What role do African countries play here?

Ruto at least knows his place - unlike Modi.

RV Pundit was saying something about Kenya replacing Russia in G8 - we laughed him out of the blog.

[KenyanPlato]

India should concentrate on building toilets and general hygiene.

[Nefertiti]

India should concentrate on building toilets and general hygiene.

Yes. But they are China and US peers - please don't compare them with poor Africa!! 

[Kadudu]

Wacha madharau. Can you inform me which African company is the equivalent to Tata, Infosys, Wipro, Mahindra etc.

India is way ahead of any African country.

India should concentrate on building toilets and general hygiene.

[Nefertiti]

India is barely better than Africa. Dismal per capita, broken infra, graft, castism, etc. Their worst trait is the Himalayan ego - the peer pressure to measure up to China will break them.

Wacha madharau. Can you inform me which African company is the equivalent to Tata, Infosys, Wipro, Mahindra etc.

India is way ahead of any African country.

India should concentrate on building toilets and general hygiene.

[Kadudu]

At least you admit India is better than any African country. At least India is being mentioned as wanting to be a chip producing superpower. Imagaine if an African country had mentioned the same. Would that stement even have found its way to the media?

India is barely better than Africa. Dismal per capita, broken infra, graft, castism, etc. Their worst trait is the Himalayan ego - the peer pressure to measure up to China will break them.

[Nefertiti]

Touché 

At least you admit India is better than any African country. At least India is being mentioned as wanting to be a chip producing superpower. Imagaine if an African country had mentioned the same. Would that stement even have found its way to the media?

India is barely better than Africa. Dismal per capita, broken infra, graft, castism, etc. Their worst trait is the Himalayan ego - the peer pressure to measure up to China will break them.

[Nefertiti]

Look at the headline at Firstpost... a chip on the shoulder

[Nefertiti]

India is now cosy up to China with a bruised ego - after Trump MAGA put them in their place. Trump says India is an opportunist profiteering from Russian sanctions - which is quite true except entitled India believes it deserves special treatment as a counterbalance to China. Trump of course takes no prisoners and has imposed 30% tariff on India. I am counting the days till furious Modi pulls out of QUAD and joins the China-led RCEP ... like Trump cares.

India's problem is having no real leverage. No oil or rare minerals, no worthy industrial base, no notable companies, no useful geography, nothing. Just cricket which they are insufferable runners up to Pakistan. Pakistan. So Russia gets special treatment for all the aforementioned -- but Modi suspects it's racism at play.

[Nefertiti]

The Sachs Dotrine: India should be a permanent member of the UN Security Council.

Sachs says it is China that blocks India's assent to the veto wielder club. Maybe. China obviously wants a bipolar world, which I believe is what we are getting. The US would welcome India only to dilute China.

An illuminating debate.