Indian Economy: News and Discussion

[Lonewolf]

Once we get a good number of companies here manufacturing we can get the know how and build our own companies

That's why i said we should start it now , contract manufacturing is a good start

 

[lcafanboy]

RBI may use money managers to boost forex reserves yield

The Reserve Bank of India (RBI) is weighing the option of engaging specialist money managers to help improve yields on the reserves fund as rates hit record lows globally. Given the increasing complexities of managing inflows from multiple channels, the RBI also wants better safeguards for the...

m.economictimes.com

 

[FalconSlayers]

IIT Kanpur To Set Up Centre of Excellence In Artificial Intelligence At Noida Campus

Financial assistance will be given to start-ups under the Start-up Policy 2020.

analyticsindiamag.com

 

[Lonewolf]

IIT Kanpur To Set Up Centre of Excellence In Artificial Intelligence At Noida Campus

Financial assistance will be given to start-ups under the Start-up Policy 2020.

analyticsindiamag.com

@Hariharan_kalarikkal

 

[FalconSlayers]

@Hariharan_kalarikkal

There should be a seperate ministry of nextgen tech like AI, Nanotechnology, 3D Printing, AR, VR, Blockchain, 5G, IoT and Robotics among others.

 

[DG7867]

Yes and its a stupid decision for a small country like Bangladesh.
The country is so small (800 * 600 km).

A normal train would take 5 hrs, bullet train may take 3 to cover any distance in the whole nation.
Additional time for checking, boarding, etc is far higher than the time saved.

It's like India starting a flight between Noida and Gurgaon.

It's not necessarily stupid idea for Bangladesh. Lot of small countries like Taiwan, S. Korea that are smaller than Bangladesh have bullet trains. The idea is not feasible today, but 20 years in future, its perfectly viable. Even if 1 hr is saved per working person, that 1 hr saved translates to improved productivity and increased income, like compound interest. Projects like these are important for a country to get out of middle income trap, especially for smaller countries like Bangladesh.

 

[TakAman]

It's not necessarily stupid idea for Bangladesh. Lot of small countries like Taiwan, S. Korea that are smaller than Bangladesh have bullet trains. The idea is not feasible today, but 20 years in future, its perfectly viable. Even if 1 hr is saved per working person, that 1 hr saved translates to improved productivity and increased income, like compound interest. Projects like these are important for a country to get out of middle income trap, especially for smaller countries like Bangladesh.

Billionaires can afford a private jet, middle man fears even economy class tickets.

South Korea and TWN have per capita income of 20 K USD plus, 10x more than Bangladesh.
Even there, bullet train runs on a loss including China and JPN:

Japan bullet train operator sees $2bn loss and higher maglev costs

JR Central reports first red ink since privatization in 1987 due to pandemic

asia.nikkei.com

Most high-speed railway lines in China are losing money

China is extremely proud of its growing high-speed railway system, with state media often calling it a “speed booster” for the Chinese dream.

www.inkstonenews.com

Bullet trains and maglevs are not an effective solution. They cost a lot and not recommended for middle income nations.

Even USA never made a HSR.

Bangladesh should wait for Hyperloop if it wants to revolutionize its railways which promises to be a far better/cheaper and safer solution:

Hyperloop Transportation says it will use a ‘cheaper, safer’ form of magnetic levitation

The Hyperloop arms race is real

www.theverge.com

Hyperloop Vs Bullet Trains: How Do They Differ?

In this Hyperloop vs bullet trains comparison, let's check out how they differ. Bullet trains have been running in over a dozen countries.

www.valuewalk.com

Why waste billions of dollars for 4G when 5G is around the corner !!

 

[lcafanboy]

India's forex reserves may have exceeded $600 billion milestone

RBI kept interest rates unchanged at a record low at 4%

www.livemint.com

India's forex reserves may have exceeded $600 billion milestone, says RBI Governor

 

[Ajax01]

Billionaires can afford a private jet, middle man fears even economy class tickets.

South Korea and TWN have per capita income of 20 K USD plus, 10x more than Bangladesh.
Even there, bullet train runs on a loss including China and JPN:

Japan bullet train operator sees $2bn loss and higher maglev costs

JR Central reports first red ink since privatization in 1987 due to pandemic

asia.nikkei.com

Most high-speed railway lines in China are losing money

China is extremely proud of its growing high-speed railway system, with state media often calling it a “speed booster” for the Chinese dream.

www.inkstonenews.com

Bullet trains and maglevs are not an effective solution. They cost a lot and not recommended for middle income nations.

Even USA never made a HSR.

Bangladesh should wait for Hyperloop if it wants to revolutionize its railways which promises to be a far better/cheaper and safer solution:

Hyperloop Transportation says it will use a ‘cheaper, safer’ form of magnetic levitation

The Hyperloop arms race is real

www.theverge.com

Hyperloop Vs Bullet Trains: How Do They Differ?

In this Hyperloop vs bullet trains comparison, let's check out how they differ. Bullet trains have been running in over a dozen countries.

www.valuewalk.com

Why waste billions of dollars for 4G when 5G is around the corner !!

Economic Gains of a bullet train cannot be captured by just balance sheets. Lots of infra has economic repercussions but make loss on investment.
Don't think its a good idea to just skip to Hyperloop.

 

[Tactical Doge]

There should be a seperate ministry of nextgen tech like AI, Nanotechnology, 3D Printing, AR, VR, Blockchain, 5G, IoT and Robotics among others.

Ministry of Science and Technology already Umbrellas over it don't you think

 

[sauntheninja]

Billionaires can afford a private jet, middle man fears even economy class tickets.

South Korea and TWN have per capita income of 20 K USD plus, 10x more than Bangladesh.
Even there, bullet train runs on a loss including China and JPN:

Japan bullet train operator sees $2bn loss and higher maglev costs

JR Central reports first red ink since privatization in 1987 due to pandemic

asia.nikkei.com

Most high-speed railway lines in China are losing money

China is extremely proud of its growing high-speed railway system, with state media often calling it a “speed booster” for the Chinese dream.

www.inkstonenews.com

Bullet trains and maglevs are not an effective solution. They cost a lot and not recommended for middle income nations.

Even USA never made a HSR.

Bangladesh should wait for Hyperloop if it wants to revolutionize its railways which promises to be a far better/cheaper and safer solution:

Hyperloop Transportation says it will use a ‘cheaper, safer’ form of magnetic levitation

The Hyperloop arms race is real

www.theverge.com

Hyperloop Vs Bullet Trains: How Do They Differ?

In this Hyperloop vs bullet trains comparison, let's check out how they differ. Bullet trains have been running in over a dozen countries.

www.valuewalk.com

Why waste billions of dollars for 4G when 5G is around the corner !!

Usa hugely prefers cars and that's why they have buily those massive highways and there are enough videos on YouTube stating how bad public transport is in us and public transport everywhere runs in deep losses because they are meant to help move people not gain profits

 

[Chandragupt Maurya]

 

[FalconSlayers]

We are rocking this month as well!!!
Exports up 52.39 pc to US$ 7.71 billion during June 1-7
IBEF: June 10, 2021

According to preliminary data of the commerce ministry, in the first week of June 2021 (June 1-7), exports from India increase by 52.39% to US$ 7.71 billion, driven by strong shipments growth from sectors including petroleum products, engineering, gems and jewellery.
For the same period, imports increased by ~ 83% to US$ 9.1 billion.
As per the data, exports of engineering increased by 59.7% to US$ 741.18 million, followed by gems and jewellery which increased by 96.38% to US$ 297.82 million and petroleum products which increased by 69.53% to US$ 530.62 million.
Imports of petroleum and crude oil increased by 135% to US$ 1.09 billion. Imports of electronic goods increased by 45.85% to US$ 324.77 million and pearls, precious and semi-precious stones increased by 111% to US$ 294 million.
Exports to the US increased by ~60% to US$ 500 million, UAE increased by 57.86% to US$ 173 million and Bangladesh increased by 212% to US$ 166.3 million.
Similarly, imports from China increased by 90.94% to US$ 809.53 million, the US increased by 89.45% to US$ 410.65 million, and UAE increased by 164.55% to ~ US$ 400 million.
In May 2021, exports from India increased by 67.39% to US$ 32.21 billion, driven by strong performance from sectors such as engineering, and petroleum products.

 

[FGFAPilot1]

Dudes, how big is Industrial Automation in India. Does anyone have any idea of the level of complexity of automation employed by our industries?

 

[HariPrasad-1]

@FalconSlayers i watched a video of someone from Maharashtra opposing the Ahmedabad Mumbai bullet train saying that Narendra Modi will take the industries of Maharashtra to Gujrat on this bullet train so we will never allow bullet train in Maharashtra

Actually, this sick mentality will help industries to move to Gujarat. Dim9nd burge is about to begin operation in Surat. GIFT city is all set to become financial hub.

 

[Spindrift]

There should be a seperate ministry of nextgen tech like AI, Nanotechnology, 3D Printing, AR, VR, Blockchain, 5G, IoT and Robotics among others.

If you are going to have a ministry, which means that you'll have bureaucrats who probably will have MA honors in History and they'll screw up everything. Also, the reason why the IT industry was able to bloom in India because we did not have an IT ministry when the IT industry to coming up in India, otherwise it i.e. the IT industry would have been smothered in the cradle.

 

[Chandragupt Maurya]

Actually, this sick mentality will help industries to move to Gujarat. Dim9nd burge is about to begin operation in Surat. GIFT city is all set to become financial hub.

Government should proceed with Delhi Kolkata High Speed Rail Corridor once it’s get completed people in Maharashtra will themselves demand High Speed Rail connectivity and it will become impossible for regional political parties of Maharashtra to deny it
I am surprised they didn’t oppose Western Dedicated Freight Corridor

 

[FalconSlayers]

If you are going to have a ministry, which means that you'll have bureaucrats who probably will have MA honors in History and they'll screw up everything. Also, the reason why the IT industry was able to bloom in India because we did not have an IT ministry when the IT industry to coming up in India, otherwise it i.e. the IT industry would have been smothered in the cradle.

MeiTY

 

[Cheetah007]

If you are going to have a ministry, which means that you'll have bureaucrats who probably will have MA honors in History and they'll screw up everything. Also, the reason why the IT industry was able to bloom in India because we did not have an IT ministry when the IT industry to coming up in India, otherwise it i.e. the IT industry would have been smothered in the cradle.

That's right. Babus mental and ethical capabilities are well known. Deregulation is what is required in AI, cyber security research and development. Those babus will always try to bring regulations.

 

[RoaringTigerHiddenDragon]

There should be a seperate ministry of nextgen tech like AI, Nanotechnology, 3D Printing, AR, VR, Blockchain, 5G, IoT and Robotics among others.

Yup...and we should hire fatwad choudhry to head it.