Just last month, Indian President Modi suddenly issued an executive order: canceling the circulation of large-denomination banknotes in India.
Can you adapt to the pain of suddenly being unable to use your 100-year-old Mao Zedong? What, you said that you now use Alipay and WeChat to pay, and basically don’t use Mao Zedong anymore. How come you don’t follow the routine?
Except for China, there may be no place in the world where you can complete most consumer payments without cash and just use a mobile phone. This is not possible in developed countries in Europe and the United States, let alone India, where the penetration rate of smartphones is only 17%.
There is a poem on the Internet: The old immortal Mo has boundless magical power. The best is tomorrow.
Let’s not complain about the execution ability of the Indian government. How could it ban large-denomination banknotes across the country without warning? As an editor of a famous website in the textile industry (the boss said, it must be famous), in order to write the article It is valuable (you will not be stuck by the leader and fail to pass). The main content of this article is still on textiles.
Then I contacted one of my classmates on WeChat who had foreign trade contacts with Indian merchants, and he told me this…
Then I gritted my teeth and stamped my feet, and sent him a large red envelope. I was heartbroken for a long time, and I didn’t know if the boss would reimburse me.
My classmate was shocked by my generosity. After being stunned for a while, he started to introduce it to me.
At the beginning, he introduced me to the situation of exporting to India. He told me that his company mainly exports polyester products, mainly polyester taffeta, and that Indian companies have two characteristics when importing: large quantities and cheap prices. I only care about the output and don’t care about the quality at all. The price is not high, but the quantity is really large. During the introduction, I don’t know if it was because my red envelope was so big that it irritated him. I always felt that I had a deep resentment towards my third brother. In short, this simple concept was introduced for two minutes, and it was introduced in such detail that I even felt like it. I’m a little embarrassed.
Think about it, India has such a large population and most people have very low consumption levels, so it is understandable that there is a huge demand for cheap fabrics.
Next, he began to introduce the impact of Motorola’s policy on their company. Then he said that apart from not being able to take orders from new customers and temporarily not being able to receive payment, there was no impact. He also told me that the main impact on Indian importers was that they lost a channel for tax evasion and tax evasion. I talked about a lot of things like TT and DP that I seemed to have learned in college but had completely returned to the teacher without knowing it. After that, he asked me if I understood. I said I didn’t understand, and it was normal for him to say he didn’t understand. Then… there was no more. What we kept talking about afterwards was how the third brother cheated.
Finally, because I found that not many people seemed to like to read the dry stuff (seriously made up), so I wrote less this time (the real reason is that I really can’t make it up this time).
The various reforms of the Modi government require money, but now India’s corruption problem is too serious, and businessmen are also evading taxes in various ways, and then the old man Modi directly came to apply a one-size-fits-all approach. This kind of one-size-fits-all thing was also done by Wang Mang in ancient China, and everyone knows the final result. The editor feels that India will be in chaos for a while (nonsense, it is already in chaos). For textile companies, it is still not recommended to invest in countries with unstable political situations. The risks of foreign trade will also be quite high in the next period. It is best not to touch new customers. If you accept orders, it is best to use short-term services. Mainly single (who knows what will happen next).
Postscript: I really want to thank my classmates this time, so I am going to treat my classmates to dinner in two days. I would like to ask if there is any place in Shengze where I can eat well with an average consumption of less than 5 yuan per person. Thank you.
