Indian Economy: News and Discussion

Covfefe

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The projects which will benefit UP most are the Delhi-Kolkata Economic Corridor , Delhi Kolkata High Speed Rail Corridor and full operationalization of national waterway one These projects are passing through the entire length of UP connecting all major cities giving quick and cheap connectivity to Kolkata and Haldia port
Yogi should push the centre to complete these projects as early as possible if he is really serious about 1 trillion dollar economy dream by 2026
Without these projects the 1 trillion dollar economy dream for UP may become a “jumla”
1 trillion dollar economy by 2026 is already a "jumla". Rest everything I agree with. East has to develop for India to grow, and for that to happen WB needs to up its game. Instead of becoming TN of the east it became the Kerela of the east (minus it's expat population and natural beauty).
 

Suryavanshi

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Better than any phone available at its price range given its near stock android(stock android+some minor tweaks), butter smooth, no lag, used to warm up a bit while charging but that got sorted out during the last update, no garbage bloatware, adware, malware and lock screen ads like those Chinese spyware laden phones.

Had budgeted for the Pixel 4.. Micromax leke paise bach gaye. Only con is no call recording facility on my model. Guess later models have some tool. Camera is ok, I would give it a generous 3..has an average speaker compared to Vivo/Oppo...my usage is limited to calling, texting... so the rest of the phone gets a 4.5 based on its performance.
No call recording, no photo editing, interface overlaps with side swipe screen when cropping photos.

Overall paisa vasul
 

Chandragupt Maurya

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1 trillion dollar economy by 2026 is already a "jumla". Rest everything I agree with. East has to develop for India to grow, and for that to happen WB needs to up its game. Instead of becoming TN of the east it became the Kerela of the east (minus it's expat population and natural beauty).
1 trillion dollar mark for UP is achievable if all these projects get completed by 2026 and West Bengal is already way better than any north indian state except for some special category status states like Uttarakhand , Himachal and Jammu-Kashmir
Check the crucial Parameters of Human development like Infant/Maternal mortality rate and Average Life expectancy
 
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sauntheninja

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Stop using Enthusiast everywhere. Do you think 99% of Indian car buyers are enthusiast?

Most people there are in disillusions. They think every car should have Turbo by default. They predicted Altroz will fail as it does not have turbo and engine is weak.
How are people who are talking about cars in a separate website not enthusiasts normal people won't really care much
 

Haldilal

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How are people who are talking about cars in a separate website not enthusiasts normal people won't really care much
Ya'll Nibbiars some gems from the Enthusiast Forum.

Rest assured, any Indian govt. in power will tax fuel heavily. Taxing fuel is India's most reliable source of income generation. There are no tax evaders/defaulters when it comes to petroleum products. Plus the product is a drain on the exchequer.

So what were we being injected with before COVID became a thing? Smelly stuff of the bovine variety, I suppose.

Oh wait, never mind.

There was reduction in corporate tax from 30% to 22% last year. So as to compensate for the reduction in tax collection, government increased tax on poor people. So there are other ways for the government if they want to. It's all priorities of the government. Poor people can't donate to party funds anyway.

Blaming the Minister.

Wondering if this honourable gentleman has ingested some of the petroleum products he's speaking about! Such idiocy at the highest levels of government is appalling.

P.s. Basically, these guys can blame any and everything on COVID 19 now, easiest excuse.

How do they manage to get away with such blatant lies to the public.

It is well known that GOI is buying the vaccine at Rs.215 / dose (Covishield) & Rs.225 / dose for Covaxin, so at max it is Rs.450 per citizen. These are the increased prices as the first few batches were at lower rates of around Rs.150/dose. Source

The government has budgeted that free vaccination will cost them around Rs.50k crore while they have netted an additional Rs.1.8 Lakh crore from fuel taxes in the last FY alone!! Source1 & Source2

The aam aadmi on his Hero Splendor is paying Rs.130 extra per tank of fuel (10 litre tank and Rs.13 excise increase last year on a litre of petrol) and would have indirectly already more than paid for vaccinating his family over the past year and a half with such high fuel taxation.

And state dosen't have appetite for the taxes.

GOI has a voracious appetite for taxes and so the prices will keep increasing, even if the OPEC off loads crude free of cost in the market, GOI will find an excuse to raise prices willingly...it needs to pay salaries of it's bloated babu-dom and the MP's and MLA's who generously pat themselves on their collective backs and give themselves hikes and perks...and we the tax payers will foot the bill: no questions asked. I remember during the Indo Pak wars there used to be a war time tax now we're with war with Covid and this will go on and shall never be reduced and the public will generally get used to this level of inflation.

And here's the masterpiece.

The previous govt didn't tax the fuels.

Yes, but the Central taxes have increased a lot over the years. What around 9 Rs per Litre in 2014 is around 33 Rs per Litre now.

And Modi should resign.

May I know what subsidy does the government provide to public transport? Today even a platform ticket cost Rs.50. Price of everything depends upon diesel price. Hike in diesel prices cause increase in transportation and production cost, results in increase price of all the commodities. Those poor people, who doesn't even have acces to bikes, won't have enough money to buy commodities at an increased cost. Actually those poor people will suffer the most.

If the govt cannot find tax invaders, it's the governments fault. The government should accept their failure to find the tax envaders and resign.
 

Haldilal

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Here is the tracker:

Till now 70. The last one being CarDekho.
31 unicorns in 2021, with 2.5 months to still to go.
Ya'll Nibbiars if this is true then many start ups have seen reduction in its value less than 1 billion dollars.

The start ups by cities updated list.

1 . Bengaluru 31.

2 . NCR 18.

3 . Mumbai 12.

4 . Pune 4.

5 . Chennai 3.

6 . Hyderabad 1.

7 . Jaipur 1.
 

Haldilal

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Ya'll Nibbiars can luxury e commerce be a thing in India?.
 

Haldilal

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Quite limited for now.
Maybe things changes in second half: 2025-30.
Ya'll Nibbiars I seen then Tata Cliq annual report and their revenues grown 200 percent from 125 crores to 250 crores and losses at stable at 250 crores for the FY 2020 to 2021. This year's they are going to see revenues above 750 crores and losses less than 250 crores. That means they will Probabaly over take snapdeal.

And I thought no body visits the Tata Cliq. They have premium priced products. And the app has become more premium than last year but still and increase in revenue. This strategy is working for now.
 

sauntheninja

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Ya'll Nibbiars can luxury e commerce be a thing in India?.
We need a big middle class for that look at the segment of phones being sold in the country majority are below 15000rs perhaps with the money that is coming in through start-ups these people will start buying luxury goods
 

SKC

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We need a big middle class for that look at the segment of phones being sold in the country majority are below 15000rs perhaps with the money that is coming in through start-ups these people will start buying luxury goods
Phone sales has slowly shifted from 5-10K towards 15-20K.
Quite Big sales are between 20-25K as Mi, Vivo, Oppo and even One Plus phones are now over 20K.
 

sauntheninja

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indus

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Ya'll Nibbiars can luxury e commerce be a thing in India?.
It already is. For example, Myntra has a section of premium branded apparel offerings. It will only grow with time.
 

ezsasa

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Ya'll Nibbiars Online platform dedicated toward only luxury good and services. See the Tata Cliq is now a completely premium online platform that is going to over take snap deal in revenues this year. And is now valued at 400 million dollars.
is there a minimum price band? like nothing less that 1000, 5000 or 10000 INR?
 

Haldilal

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what is luxury e-commerce ?
Ya'll Nibbiars Online platform dedicated toward only luxury good and services. See the Tata Cliq is now a completely premium online platform that is going to over take snap deal in revenues this year. And is now valued at 400 million dollars.

is there a minimum price band? like nothing less that 1000, 5000 or 10000 INR?
Ya'll Nibbiars most products there are from premium brands its not about just price range but also about branding, quality and other things. Products from regular Tata subsidries are there. But now you will see more premium products in the category. They are on a streak to bring premium brands around the world in India. There are brands which are not avaible through offline channels in India but are available on on their site. This formula is working for now.
 
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