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We need low tech labour intensive goods to 1) employ this big ass population 2) CAD sword that's always hanging over our heads This issue is primarily due to 'prosperity island' mindset in development. This only raises the premiumisation of the basic elements needed for industrialisation 1)...

India's domestic consumption is still huge enough to justify investment. Just hope that Babus don't screw it up, especially for UP. Babaji's regime has proven itself good for law and order and cultural reclamation, but is yet to prove itself for businesses. All the Noida centric investments are...

Article on PM Mitra textile parks

I would think so. But PM Mitra is central sector scheme, and the budgetary outlay for sites in UP was 1250ish crores. If Babaji were to match some serious amount, we could have seen things moving

1)Because Yogi Baba isn't putting money where the mouth is. Budgetary allocation for textile parks in UP 2023-24 budget was a measly 25 crore rupees(vs 800 crores for making offices of Police commissioners). Call the Telugu and Tamil governments what you will, they've put money in the right...

Good article on the issue of Tirrupur textile Mills and apparel manufacturing in India generally

Exhibit on their lack of innovation - rise in the number of Selfcare and wellness products startups that have gained significant volumes and values both. (Not getting into their financial viability at the moment). Bombay Shaving Company, Mamaearth, those multivitamins and protein supplements...

@Crazywithmath you're Econometrics guy as well, right? How to gage consumption for dummies like myself? Dataset that you would assume to be fairly representative, and the methodology behind?

You may like this recent one on consumption- As someone working in FMCG, i agree with mr Somanathan on the consumption logic here. Chasing a revenue growth of ~10% with a mix of price hike (~6-7%) and 2-3% volume, has a limitation as a strategy. This race was started by Mr Mehta of Unilever...

Or a simpler explanation that they've largely failed to deliver in their disinvestment and monetization processes. Babus signing cheques comes later, first another set of Babus gotta get the money credited

Tiruppur's problem is structural now. Vietnam and Bangladesh with their GSP+ status in the US and Europe, and equally cheap labour have been giving them a run for their money for years now. The owner association should take up land from UP govt and shift the lines to somewhere in Western UP...

Additional layer of scrutiny is good for a new Greenfield investment altogether. For capacity additions on the existing one, monetization proceeds could unburden revenue receipts- eg - Signal systems upgrade in railways to improve schedule adherence, doesn't necessarily have a ROI template to be...

1) all disinvestment/ monetization target is not privatization of companies. Asset monetization is in shitters. Prime lands lying waste/ squandered upon 2) they've failed their targets consistently over entire term and not just the election year

That whole DIPAM department must be divested first of all, a bureaucratic pile of turd it is.

Very pertinent points. Fuel price gouging is criminal, now

Same here Bhai, same here🥹 ab bass IPOs ka Sahara bacha hai

India launched a PSU Khanij Videsh Ltd. They'll play ping pong with red covered paper folders for 10 years there. Our Governments are very competent at staying incompetent. They work really hard towards it so as to avoid even the natural progression of learning and experience that comes with...

Bc commodity trading ke chonchle.... neither Ukraine nor Russia is a major supplier of coking coal but still the buggers have rigged the market to shoot up the prices.

Man, they're correct. Higher price affects us disproportionately- inflation touching 15 Percent, global slowdown, fed tapering to contain inflation in the US. They'll get their gas one way or the other, we'll have a lot of people to feed with tighter money. Our projections have somewhat gone to...

Telangana is forcing what they're entitled for. MSP is a central sector scheme, applicable to all India. Either the CG cancels it for everyone or applies everywhere or sets statewise value quota. Haryana, Punjab and Western UP are only enjoying all the money allocated for MSP/FRP. So much so...