Everything speculated here is VC money and financial bubble with unrelaible financial values. Zomato, uber, paytm, flipkart throw discounts at the rate of losses. May be few can survive at the end. This hurts a lot for SMB too.
Paytm will be one of the leaders with the new Ecomm model. I am sure they will be a huge player in ecomm also dont forget they would be the largest bank in India.
Just curious ... Does hn have some kind of system that parses short comments (and other types that does not fall into guidelines) and presents it to the mods for flagging? Because the alternative that mods will be reading all the comments is tedious ...
Already started happening. I’m already a data point, and I know a few more. The generation going to grad school now is no longer thinking of settling in the states as their primary option; it is too cumbersome for most.
Salaries for top talent in Bengaluru are better than almost everywhere on earth except the US. While that may or may not last, the immigration process is still very painful and there are many more opportunities here than before.
That's very exciting and a great and maybe leading indicator for India. I really hope the wealth and expertise that flows from that can help India's economy grow fast like in China.
200k CAD is roughly comparable to 3 million INR in PPP terms, and that salary is for senior folks. Most senior engineers at Google Bangalore/Hyderabad or well established software companies are likely to make more than that.
Both might be considered to be salaries for remote offices of American companies or internationally funded startups. But if I look at the market in general, I’d rather be a software engineer in India than in Canada. The market is too big and the possibilities are too varied to ignore, even considering all the known problems (Canada might also have some of its own, I’m sure).
I know the parent talked about salary but that's not the only important factor. The reason for coming back to India could be spending time with old parents(who usually don't like moving to other countries at old age), kids' future, and weather.
I completely agree that those are important factors too (sometimes much more so than salaries), but good salaries, type of work and first-world benefits are usually the reasons why people emigrate in the first place (often leaving family and good weather behind), which is why I talked about those.
The more India closes the gap on these, the less incentive there is for people to move.
I don’t think you quite understand what they are doing. Once the entry is in the ledger, it can’t be changed. To correct it you must add in a compensating transaction that corrects the transaction - almost certainly a reversal.
Basically, it’s just a list of transactions you can only append to. You can’t delete any of the entries or modify them - they really are immutable.
If they are affordable such smartphones cost, electric vehicles are going to be popular and that will be breakthrough.
The foolish government keeps on increasing petrol price and squeeze blood out of peoples.