Indian Economy: News and Discussion

Crazywithmath

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:hehe:



The "Modi bounce" in India's Doing Business ranking is mostly a mirage

In sum, Doing Business is:
- grounded in anti-regulatory, anti-tax ideology
- methodologically dubious, even if you accept its aims, and
- opens up deep conflicts of interest between the World Bank and favored clients like Modi's India and Saudi Arabia.

EoDB was a good indicator. It perfectly summarised the lapses in overall business environment in India. Neither did it shy away from calling out India's contract reinforcement dilemma nor did it fail to expose her land acquisition hurdles. On the other fronts it gave credit where it was due. It's sad that such a good indicator ran into this sort of unwarranted controversy regarding Chile and Coronaland. The remaining indicators (Moody's, Fitch etc) are mostly stupid and and badly compiled.
 

ezsasa

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EoDB was a good indicator. It perfectly summarised the lapses in overall business environment in India. Neither did it shy away from calling out India's contract reinforcement dilemma nor did it fail to expose land acquisition hurdles. On the other fronts it gave credit where it was due. It's sad that such a good indicator went into this sort of unwarranted controversy regarding Chile and Coronaland. The remaining indicators (Moody's, Fitch etc) are mostly stupid and and badly compiled.
Ease of doing business ranking was based on data collected from two cities Delhi NCR and Mumbai, not other major cities. but yes, at a policy level it helped GoI in bench marking parameters which in turn led to policy changes. Net net +ve impact.
 

Crazywithmath

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Ease of doing business ranking was based on data collected from two cities Delhi NCR and Mumbai, not other major cities. but yes, at a policy level it helped GoI in bench marking parameters which in turn led to policy changes. Net net +ve impact.
Hmm. They planned to include more regions in the coming years, no? I read somewhere that Kolkata region was going to be included as well.
 

FalconSlayers

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Malabar Group to invest Rs 750 cr by building manufacturing unit, refinery in Telangana

Kerala-based Malabar Gold and Diamonds on Wednesday said that it will establish a manufacturing unit along with a refinery in Telangana with an investment of Rs 750 crore

The proposed new investment will create employment for about 2,500 people in the state.

 

Haldilal

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Ya'll Nibbiars just a funny question why can't every industrialist be like against the Lal Salaaam?. 🤔

 

shiphone

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Union budget for 2014 was 17.9 lakh crore
Union budget for 2021 is 34.8 lakh crore

Modi Govt must have done something right to double the union budget in 6 years.

View attachment 110432View attachment 110433
basicly these budgets and government incomes(eg. the tax collected) are priced at "current price" which means it's inflated ... meanwhile India GDP at current price was also raised from 11,233,522 cr to over 20,00,000 cr(FY19-20) .

it's a normality in each normal nation.
 
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ezsasa

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basicly these budgets and government incomes(eg. the tax collected) are priced at "current price" which means it's inflated ... meanwhile India GDP at current price was also raised from 11,233,522 cr to over 20,00,000 cr(FY19-20) .

it's a normality in each normal nation.
India’s inflation over past 6 years largely stayed between 4-6 %, even if we take max 6% over 6 years on 17.9 trillion , it comes to about 23.4 trillion. That’s still 11 trillion more than inflation adjusted number.

Doubling annual budgets does not occur that often in large economies.

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