Indian Economy: News and Discussion

[jai jaganath]

 

[Arjun Mk1A]

Not a single effort to conceal the underslung equipment's neatly. Just always exposed stuff.

 

[jai jaganath]

Not a single effort to conceal the underslung equipment's neatly. Just always exposed stuff.

Haven't seen complete stock
But seems very similar to AC emu of Mumbai local
Except colour no change in coaches it seems

 

[jai jaganath]

Its rcf raebareli

 

[SKC]

Tesla has been consistently bleeding market share in ccpstan; he has to diversify his bets. I have been reading articles describing Musk's India plans across gora media since 2020 - they couldn't be wrong all the time (unless they have been collectively fed wrong intel on a continued basis - something I find hard to believe).

They selling healthy ~80K per month in China. Any market share lost there is not gonna recovered from India.
We are not there yet to buy over Rs. 40-50 Lac Tesla in huge numbers in India.

 

[Crazywithmath]

They selling healthy ~80K per month in China. Any market share lost there is not gonna recovered from India.
We are not there yet to buy over Rs. 40-50 Lac Tesla in huge numbers in India.

IK but Tesla's market share is down to 6.6%. Only a matter of time before they drop below 2-3% - possibly even lower. Once chinkus are done absorbing the know-how and the know-why not a single phoren company can survive in that country. Happened with Samsung. Now happening with Tesla and Apple (whose market share dropped below 16%). Eventually, Musk will have to make that shift (to India or anywhere else). Chinku markets are by design not meant for phoren tech giants - a feature, not a bug! This is possibly Musk's last ditch attempt to stay relevant in that nation....

 

[Heat]

Not a single effort to conceal the underslung equipment's neatly. Just always exposed stuff.

Too much work with little functional benefits for now. Would make much more sense for HSR rolling stock.

 

[Crazywithmath]

Too much work with little functional benefits for now. Would make much more sense for HSR rolling stock.

Yeah, a low cost solution meant to replace MEMUs/DEMUs. Not really a premium service or anything. Further iterations on the pipeline...

 

[no smoking]

IK but Tesla's market share is down to 6.6%. Only a matter of time before they drop below 2-3% - possibly even lower. Once chinkus are done absorbing the know-how and the know-why not a single phoren company can survive in that country. Happened with Samsung. Now happening with Tesla and Apple (whose market share dropped below 16%). Eventually, Musk will have to make that shift (to India or anywhere else). Chinku markets are by design not meant for phoren tech giants - a feature, not a bug! This is possibly Musk's last ditch attempt to stay relevant in that nation....

Really? Let's take an example of Intel

Next, let's look at Apple:

Now, Tesla:

Obviously, these companies are surviving very well.
India needs to attract foreign investment by offering better deal instead of dreaming they are running out of options.

 

[RoaringTigerHiddenDragon]

Really? Let's take an example of Intel
View attachment 250940

Next, let's look at Apple:
View attachment 250941

Now, Tesla:
View attachment 250942

Obviously, these companies are surviving very well.
India needs to attract foreign investment by offering better deal instead of dreaming they are running out of options.

$6 billion per quarter only from the richest superpower aka CCP land? What happened to Chinese spending power? Hopefully they did not lose all their savings in real estate.

 

[rockdog]

$6 billion per quarter only from the richest superpower aka CCP land? What happened to Chinese spending power? Hopefully they did not lose all their savings in real estate.

So this big picture makes you more confused...

 

[ezsasa]

Apr gross is usually the highest.
=====
#GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore

 

[another_armchair]

Unified Payments Interface (UPI) Product Statistics | NPCI

www.npci.org.in

Month	No. of Banks live on UPI	Volume (in Mn)	Value (in Cr.)
Mar'24	572	13,440.00	19,78,353.23
Feb'24	560	12,102.67	18,27,869.35
Jan'24	550	12,203.02	18,41,083.97
Dec'23	522	12,020.23	18,22,949.42
Nov'23	516	11,235.29	17,39,740.61
Oct'23	505	11,408.79	17,15,768.34
Sep'23	492	10,555.69	15,79,133.18
Aug-23	484	10,586.02	15,76,536.56
Jul-23	473	9,964.61	15,33,645.20
Jun-23	458	9,335.06	14,75,464.27
May-23	445	9,415.19	14,89,145.44
Apr-23	414	8,898.14	14,07,007.55

UPI continues to blaze ahead.

Banks want a slice of this pie and are pushing for a transaction fee. Lets see who blinks first.

UPI transaction value increased by 40.6% Between April '23 and Mar '24. No laughing matter.

 

[Cheran]

https://www.opindia.com/2024/05/cbi-conducts-search-against-fraudulent-investment-scheme-hpz-token-app/

CBI conducts massive nationwide search against fake crypto currency mining scam HPZ Token App

CBI had registered a case against two private companies, along with their Directors, on the allegations that the accused were involved in a fraudulent investment scheme linked to the HPZ Token App.

The Central Bureau of Investigation (CBI) has carried out a massive nationwide search operation covering 30 locations across 10 States and UTs. This is part of an ongoing investigation of a case related to App based fraudulent investment scheme – HPZ Token App.

 

[Crazywithmath]

India needs to attract foreign investment by offering better deal instead of dreaming they are running out of options.

LMAO, wumao. It is only a matter of time before Tesla's revenue starts dropping on absolute terms too. And Apple's revenue is already down on a y-o-y basis;

Why are Apple and Tesla losing ground in China?

The Chinese market isn’t quite as untapped as U.S. companies thought.

restofworld.org

You ain't fooling anyone. This is exactly how the state operates;

Step 1: Seduce Tech giants.
Step 2: Absob their tech through JVs/industrial espionage.
Step 3: Encourage domestic competition through state backed subsidies (running contrary to WTO regulations) and start relentless dumping.
Step 4: Declining sales force foreign tech giants out.

Now, to be clear, I don't have a problem with this approach; it is the fault of those western companies - they got too greedy and had it coming. But why you wumaos keep denying it is something I don't get.

Own up! Everybody knows you don't play by the rules. You spamming on the internet won't make people believe otherwise. And why do you even care?

I remember it was you who vehemently denied the existence of chinese state policy of trade protectionism following which I delivered a healthy dose of e-lynching and you went quiet after that. Don't derail this thread like that time.

 

[Azaad]

India creates non-tariff barrier for Chinese solar products

The Indian government has reinstated the so-called Approved List of Models and Manufacturers (ALMM) mandate from April 1, 2024. The move creates a non-tariff barrier for Chinese products.

www.pv-magazine.com

 

[RoaringTigerHiddenDragon]

So this big picture makes you more confused...

View attachment 250944

So What? What is your point?

 

[Crazywithmath]

So What? What is your point?

Nothing, they just like to spam. Just like @no smoking spammed three graphics (that came on top of the search engine) in response to my post that had an indirect reference to ccpland.

Although wumao @rockdog is generally non-combative; a meek counter or a 'haha' reaction is all you will get.

 

[thebakofbakchod]

why is every second post about chinks. take the lafda somewhere else

 

[thebakofbakchod]

India collects record 2.10 trillion rupees as goods and services tax in April

India collected a record 2.10 trillion rupees ($25.15 billion) as gross goods and services tax (GST) in April, a rise of 12.4 per cent from the same period last year, the government said in a statement on Wednesday. The government had collected 1.87 trillion rupees as GST in the same period...

www.wionews.com

Surely now is the time for GST to be slashed? It is absurd that things like ACs are classified as Luxury items and taxed at 28% GST. ACs should be a human right in India's weather. Slashing GST on such items will also help our manufacturers. This year we will produce some 11-13 million ACs and sales should also be in that range. The target should be at least 30 million in the next few years.

Absolute pea brain decision to club consumer durables as luxury. Typical poverty mindset of indian babus. The aim for the next decade is to make every consumer good as cheap as possible to boost penetration of these items to >80%.