Indian Economy: News and Discussion

[Mutyala rayadu]

In 2019 alone 7000 indian and 16000 chinese high networth individuals left their country . Australia , USA , switzerland benifited mostly ..

The places that rich people are leaving: China and India top the list - Times of India

In 2019, a whopping 16K Chinese and 7K Indian high net worth individuals moved out of their countries. The study by AfrAsia Bank covered only individuals with a net worth of $1 million to $9.9 million, who took up residency in a new country. These millionaires constitute only a loss of 2% of...

m.timesofindia.com

It's very difficult to take money out of India. Atleast for the middle class wage bro. They recently also added a tax for transfers above 7 Lakhs I think. A stop gap, but a very bad one.

From 1 Oct, 5% tax on foreign fund transfer

.Individuals can remit a maximum of $250,000 abroad every year.For education-related foreign remittances funded by loans, though, the tax will be just 0.5% for the amount above ₹7 lakh

www.livemint.com

 

[Haldilal]

Ya'll Nibbiars

Mumbai property registrations at a 10-year high in September 2021: What drove this record spike? Experts explain

As per the data available from the Government's Department of Registration and Stamps, the month of September 2021 saw 7,799 properties being registered in Mumbai, up 15% from the previous month of August 2021 which saw sales of 6784 units and 39% from a year ago where September 2020 saw sales...

www.zeebiz.com

 

[Haldilal]

Ya'll Nibbiars Shreenath, a company from the packaging industry, will invest a total of Rs 750 crore in the Shendra phase of the AURIC City in Aurangabad.

 

[Haldilal]

Ya'll Nibbiars

India’s largest commodity exchange MCX selects TCS for tech transformation

Under this project, TCS will assist MCX in building a new technology core, transforming its trade and post-trade functions

www.businesstoday.in

 

[Haldilal]

Ya'll Nibbiars

 

[LaIllahaSigmar]

In India's case, the two major problems around nutrition are - wasting (low weight for a given height) and lack of pre-natal and post-natal care (the pregnant woman is undernourished, not aware of the importance of breastfeeding)

Prenatal care and awareness about it are very lacking in India.

While doing internship in general medicine, I came across a young pregnant female patient (around 24 wks) with hemoglobin at around ~ 4 gm/dl.

Normal values are around 12-15 for females.

It was a miracle how she was able to walk and even get pregnant.
And it wasn't due to poverty.
She was lower middle class imo.

 

[backburner]

Ya'll Nibbiars why South Indian states rules in investments.

Why foreign investors don’t put their money in north Indian states

Regardless of a flurry of investment summits across north India, no major northern state attracts any meaningful share of FDI.

theprint.in

south india is more developed,has better rule of law , bangalore is our silicon valley ,even HAL and NAL are in bangalore....

when the south was going through transition......the north was ruled by gangsters like lalua ,mulua,behenji etc who came to power because of the powervaccum created by the congress because of the emergency

 

[Haldilal]

Ya'll Nibbiars

Remson Industries Limited updated the exchanges Wednesday after shifting its operation lines and production plant situated at Village Dabhel, Daman to its Pune Plant situated at Kharabwadi, Taluka Khed, Pune. on shifting of the manufacturing facility and operation lines from Daman to Pune plant.

The consolidated plant manufacturing lines at Pune plant will result in better control of the overall operations on the one hand & on the other, it will double the production capacity, in comparison to the Daman Plant. The manufacturing facility at Daman consisted of small manufacturing units situated at different locations, while the new Pune plant is a state‐of‐the‐art integrated manufacturing facility.

And Having a plant of this capability in Pune will give us strategic locational advantage, access to a larger talent pool, since Pune is the major hub for Automobile and Component Manufacturing. It will not only help Remsons in expanding business with its existing customers, it will also aid in increasing the customer base. Most importantly it will bring us closer to many of Automobile OEM Customers in the region.

Many of the new products that would fuel the future growth of the Company, would be manufactured from the Pune plant. The newly commissioned plant at Pune is a greenfield project with state‐ of‐ the‐ art integrated facilities, equipped with latest technologies, allowing us to design, develop and expand our product portfolio, catering to the evolving needs of our customers and the industry.

 

[Haldilal]

Ya'll Nibbiars Pune, Chennai emerges as the top city for hiring in August followed by Mumbai, Bengaluru, Kolkata.

 

[Haldilal]

Ya'll Nibbiars The MoU of 2,823 crores was signed with Causis Group, for setup of a Battery manufacturing facilitiess in pune, Maharashtra. The production unit in Talegaon. The investment of Rs 2,800 cr will generate 1,250 employment. The MoU for the phase 1 unit at Talegaon, Pune was signed. The total investment is for 7,500 crores.

 

[Crazywithmath]

It's very difficult to take money out of India. Atleast for the middle class wage bro. They recently also added a tax for transfers above 7 Lakhs I think. A stop gap, but a very bad one.

From 1 Oct, 5% tax on foreign fund transfer

.Individuals can remit a maximum of $250,000 abroad every year.For education-related foreign remittances funded by loans, though, the tax will be just 0.5% for the amount above ₹7 lakh

www.livemint.com

For a potential $5 trillion economy India sure fears wealth outflow a lot.

 

[Haldilal]

Ya'll Nibbiars

Maharashtra to develop a well-planned city around Shirdi airport

Shirdi airport is located at Kakadi in Kopargaon, which is 14-km from Shirdi and is spread over a 350-hectare area

www.hindustantimes.com

 

[Haldilal]

Ya'll Nibbiars thats merchandise exports.

MSMEs to help achieve $400 bn exports target: Rane - ET Auto

Export Target: The minister was speaking after inaugurating the India Export Initiative and IndiaXports 2021 portal of the India SME Forum here. He also said to enhance exports and ensure localisation, it is essential to make the country a global manufacturing powerhouse.

auto.economictimes.indiatimes.com

 

[Crazywithmath]

All the surverys conducted after 2018 show a decline in nutrition height and increase in malnutrition and higher proportion of underweight children is this a cause for concern specially because these kids later will be our advantage in demographic dividend?

NFHS – Ideology trumps analysis?

The newly released NFHS data reveals large improvements in welfare for Indian children, women, and households. Then why the deep angst?

www.google.com

The CNNS survey conducted in between 2016-18 jointly by MoHFW and UNICEF showd marked improvement in malnutrition. Only a handful of print media houses bothered to publish it! And more importantly, NFHS data is not even completely published yet! GOI does all these surveys and ultimately ends up publishing contradictory data. This is also why I mentioned in a previous post that statistics is a joke in India.

On a different note, @gslv markIII , yet another instance of Bangladesh twisting their data.

 

[doreamon]

One of the reason for rise of gujurat is gujurati diaspora has business network in every important countries including African countries .. They account for 20% of indian population in USA .. Lots of investment have come from that route to Gujurat ..
And those pre established linkages/network provided desi gujurati to establish their own enterprizes here in india .. Since 2001 it has been growing at 10% ..
It is a case study for Panjab which has similar liverage but its diaspora has some other motive .. rather more interested in destroying the state .

 

[Chandragupt Maurya]

south india is more developed,has better rule of law , bangalore is our silicon valley ,even HAL and NAL are in bangalore....

when the south was going through transition......the north was ruled by gangsters like lalua ,mulua,behenji etc who came to power because of the powervaccum created by the congress because of the emergency

It’s not the rule of law but geographical advantage most of the industrial powerhouses of the world are along coastline or rivers
In India the waterways were neglected by dumb politicians and there wasn’t any robust rail and road connectivity between port cities and landlocked areas either that’s the reason why Mumbai , Kolkata and Chennai are the manufacturing hubs all of them are coastal cities

 

[Sehwag231]

Can someone find the price of mustard oil in neighbouring countries? Today I purchased at Rs 200/litre

 

[ezsasa]

Can someone find the price of mustard oil in neighbouring countries? Today I purchased at Rs 200/litre

better take permission from @Haldilal before asking such questions, especially when it comes to prices in neighbouring countries.
i got caught in one such trap once.

 

[Crazywithmath]

It’s not the rule of law but geographical advantage most of the industrial powerhouses of the world are along coastline or rivers
In India the waterways were neglected by dumb politicians and there wasn’t any robust rail and road connectivity between port cities and landlocked areas either that’s the reason why Mumbai , Kolkata and Chennai are the manufacturing hubs all of them are coastal cities

Extensive inland waterways with 3m+ minimum draft can do wonders in logistics.

 

[Chandragupt Maurya]

Extensive inland waterways with 3m+ minimum draft can do wonders in logistics.

Just like the Economic Belt along Yangtze River in China