Indian Economy: News and Discussion

[Indx TechStyle]

Indian Economy has grown from 112 Trillion ₹ in 2014 to 163 Trillion ₹ in 2018(Current Prices)
2012- 87 Trillion ₹
2013- 99 Trillion ₹
2014- 112 Trillion ₹
2015- 124 Trillion ₹
2016- 136 Trillion ₹
2017- 152 Trillion ₹
2018- 163 Trillion ₹

$2.3 trillions?
.........................

 

[HariPrasad-1]

Indian Economy has grown from 112 Trillion ₹ in 2014 to 163 Trillion ₹ in 2018(Current Prices)
2012- 87 Trillion ₹
2013- 99 Trillion ₹
2014- 112 Trillion ₹
2015- 124 Trillion ₹
2016- 136 Trillion ₹
2017- 152 Trillion ₹
2018- 163 Trillion ₹

This is a 38% rise in 4 years. This is an 8.4% Growth on Y O Y bases.

 

[HariPrasad-1]

India Claims Top Ten Of World's Fastest-Growing Cities, Surat Leads

Surat certainly deserves this position. Some grown from grass root businessmen have contributed a lot in making this city along with big companies. It has and exploding cloth business, it is a hub of diamond polishing. These big businessmen evolving from grass root has contributed immensely in development of medical and education facilities as well. Some have started their own Universities, some have started private airlines, some have built huge hospitals serving people at very low cost. You will hardly hear any bad news of crime. City is famous for its multi cuisine restaurants. There are lots of bridges which handles huge traffic with ease. Those comes here for livelihood grows with the prosperity of cities and settles here. There are celebrations and celebrations through out the year. People comes from outside say that people enjoy a lot here. From cloths to Nuclear reactors and Nuclear submarines to top class turbines, and petroleum products, steel and cement, everything is produced here on large scale. City offers employment to all skill level people and offer them all basic amenities including entertainment.

 

[HariPrasad-1]

View attachment 30085
Good News people.......................30chars

This is good but we need to focus on Capital goods manufacturing.

 

[Indx TechStyle]

This is a 38% rise in 4 years. This is an 8.4% Growth on Y O Y bases.

Help me with the confusion.
In wikipedia, its $2.75 trillions in dollar terms while using current exchange rate, I'm getting it just 2.3 trillions.

 

[Haldiram]

Help me with the confusion.
In wikipedia, its $2.75 trillions in dollar terms while using current exchange rate, I'm getting it just 2.3 trillions.

Use just one base currency to calculate the GDP and evaluate successive growth in % terms. Measuring it in $ and rupee alternately creates a confusion because the GDP itself is fluctuating and on top of that USD-INR also keeps fluctuating so it's like shooting a moving target from a moving vehicle.

USD - INR was 40 in 2008
USD - INR is 72 in 2018

Then how do you measure your growth if both the currencies have so much divergence?

There is a separate index to keep track of the Indian index in dollar terms, it's known as "S&P BSE Dollex 30 index". It measures Indian markets in USD terms. If you go by USD terms, then there has been no growth in the past 10 years (because the entire relative growth is nullified by the rupee depreciation). If you go by pure rupee terms, then it shows that our market grew 4X from 2008 to 2018. Such is the level of divergence. (Note : Dollex 30 just tracks the stock market, it's not an indicator of the economy. It's just a mathematical example of how divergent your calculations can be if you keep switching between two different currencies, even when you track the GDP.)

 

[Prashant12]

Inflation cools, IIP growth surges in double treat for economy


Read more at:
//economictimes.indiatimes.com/articleshow/67060698.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[ezsasa]

Anybody has any data on India’s average salary from 1947 to 1991 and 1991 to 2017...

Specific sector is also fine....

 

[lcafanboy]

Inflation cools, IIP growth surges in double treat for economy


Read more at:
//economictimes.indiatimes.com/articleshow/67060698.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

That's not good... As it set of deflation which will be harmful for economy...

 

[Flame Thrower]

That's not good... As it set of deflation which will be harmful for economy...

There is a world of difference between deflation and low inflation.

Please don't consider them as same in any respect.

Low inflation is good for economy, deflation or negative inflation is very bad for economy.

We're have low inflation after a long time, which is good,

 

[republic_roi97]

After Heartbreak in Heartland, Modi Govt May Offer Universal Basic Income in Last Budget Before 2019

This seems to be a good idea, seeing that UBI was already under test for 6 years in 6 villages, this would turn out to be a game changer.

 

[Suryavanshi]

After Heartbreak in Heartland, Modi Govt May Offer Universal Basic Income in Last Budget Before 2019

This seems to be a good idea, seeing that UBI was already under test for 6 years in 6 villages, this would turn out to be a game changer.

Yo hol up is this even feasible

 

[republic_roi97]

Yo hol up is this even feasible

Bro considering the fact that this has been tested and researched upon for 6 years, I think it might be.

 

[indus]

That's not good... As it set of deflation which will be harmful for economy...

Reduced inflation is not deflation. Reduced inflation gives more room for savings which means more money goes back to banks which can be recirculated as loans. Till inflation is within acceptable limits it does not harm economy. As long as the total size of econony keeps growing. Which is happening right now as IIP index is positive.

 

[republic_roi97]

Guys this video is truely an eye opener for all, Demonetization is indeep a very great step.

 

[ezsasa]

After Heartbreak in Heartland, Modi Govt May Offer Universal Basic Income in Last Budget Before 2019

This seems to be a good idea, seeing that UBI was already under test for 6 years in 6 villages, this would turn out to be a game changer.

I highly doubt it, UBI has been withdrawn in some country recently.

 

[republic_roi97]

I highly doubt it, UBI has been withdrawn in some country recently.

I too doubt it, but these schemes will be more beneficial for the public when they already are not even close to western level of income, these schemes would help people a lot, if not UBI something according the line for poor citizens would go a long way for NDA.

 

[vampyrbladez]

I too doubt it, but these schemes will be more beneficial for the public when they already are not even close to western level of income, these schemes would help people a lot, if not UBI something according the line for poor citizens would go a long way for NDA.

UBI is actually a great idea economically and politically. It will help with unemployment and farm woes at the same time. Guaranteed income! Farm loan looks like phuski bomb now!

 

[ezsasa]

UBI is actually a great idea economically and politically. It will help with unemployment and farm woes at the same time. Guaranteed income! Farm loan looks like phuski bomb now!

UBI is a great idea if it is given to the poorest 3%.

We cannot give it all “poor”.

 

[Indx TechStyle]

UBI is a great idea if it is given to the poorest 3%.

We cannot give it all “poor”.

5%, 5% of Indians yet live in extreme poverty, around second or third largest in numbers internationally.