Indian Economy: News and Discussion

[another_armchair]

What Sri Lanka government does or what happens to Sri Lanka in future is a trivial issue.
The fact remains that depite Sri Lankas recent economic problems the standard of living of an
average SriLankan is far better than an average Indian.Sri Lanka is better than India in almost
all socioeconomic parameters and this is what matters to me,not how much debt their government has piled up and how indebted they are to the Chinese loansharks.




The 'upto the mark' means that the next time when i travel to villages across the country i get to see people getting water from piped connection and not defecating and bathing near ponds.
They have access to clean water and not arsenic and heavy metal filled filthy ground water.
The next time i visit a village,i don't come across children dropping out of school before completing their matriculation and girls getting married in their early teens.
In Short India's economic performance should be equally matched by it's social performance which sadly has not been the case so far.



It is well documented that india's economic growth over the past 30 years indeed has reduced poverty,
but those poor mostly don't transcend to middle class but to vulnerable low income group.

Sri Lanka's population is ~2.2 crores. Being bang on one of the busiest sea lanes has helped little to alleviate its status from a top sex tourism destination particularly paedos from the subcontinent and elsewhere.

Population wise, Sri Lanka can be comparable to 2-3 Indian states. The state of Haryana, Punjab and Chattisgarh, all are land locked and quite distant from a major sea port.

Nominal GDP of Sri Lanka -

Economy of Sri Lanka - Wikipedia

en.wikipedia.org

Nominal GDP of land locked Haryana, Punjab and Chattisgarh.

Chattisgarh is largely untapped because a good part of the state is under Naxal influence.

Let Sri Lanka do better than Haryana and Punjab first, then we go about comparing it to India as a whole, kapiche?

 

[Crazywithmath]

Sri Lanka's population is ~2.2 crores. Being bang on one of the busiest sea lanes has helped little to alleviate its status from a top sex tourism destination particularly paedos from the subcontinent and elsewhere.

Population wise, Sri Lanka can be comparable to between 2-3 Indian states. The state of Haryana, Punjab and Chattisgarh, all are land locked and quite distant from a major sea port.

Nominal GDP of Sri Lanka -

Economy of Sri Lanka - Wikipedia

en.wikipedia.org

View attachment 122646

Nominal GDP of land locked Haryana, Punjab and Chattisgarh.

View attachment 122647

View attachment 122648

View attachment 122649

Chattisgarh is largely untapped because a good part of the state is under Naxal influence.

Let Sri Lanka do better than Haryana and Punjab first, then we go about comparing it to India as a whole, kapiche?

Sri Lanka's Basil Rajapaksa arrives in New Delhi; to meet top Indian ministers

Ties between India and Sri Lanka were strained after the latter unilaterally cancelled a tripartite agreement earlier this year with India and Japan to jointly develop a Colombo Port terminal. The move was seen as having happened under pressure from China

www.google.com

Sri Lankan Finance Minister to visit India seeking support amid major economic & debt crisis

The Lankan Finance Ministers visit is meant to not only secure loans but also seek wider cooperation on a range of other matters, including investment, trade and tourism.

www.google.com

Sonar Lanka

 

[another_armchair]

Sri Lanka's Basil Rajapaksa arrives in New Delhi; to meet top Indian ministers

Ties between India and Sri Lanka were strained after the latter unilaterally cancelled a tripartite agreement earlier this year with India and Japan to jointly develop a Colombo Port terminal. The move was seen as having happened under pressure from China

www.google.com

Sonar Lanka

 

[Crazywithmath]

View attachment 122651

Barring India, all the nations of the subcontinent are the same. Barely surviving due to repeated bailouts, aid, lending and/or LDC status.

 

[ladder]

Not denying it.


That is true. Even the sea is deeper in the west coast. I am simply saltu because apparently the government of Bengal never ever took ports and port led development seriously. If they do not get their act together even the upcoming port at Tajpur will cede ground to the proposed ports in Odisha (do not recall the exact names; Tatas proposed to develop one).

Subarnarekha port

 

[Knowitall]

Sri Lanka's Basil Rajapaksa arrives in New Delhi; to meet top Indian ministers

Ties between India and Sri Lanka were strained after the latter unilaterally cancelled a tripartite agreement earlier this year with India and Japan to jointly develop a Colombo Port terminal. The move was seen as having happened under pressure from China

www.google.com

Sri Lankan Finance Minister to visit India seeking support amid major economic & debt crisis

The Lankan Finance Ministers visit is meant to not only secure loans but also seek wider cooperation on a range of other matters, including investment, trade and tourism.

www.google.com

Sonar Lanka

I hope India extracts it's pound of flesh from the Lankans. Don't be dumb and give them what they need.

 

[amit6371]

IITs are not producing Clerks.

They are producing world class engineers. You have them working all around you.

Problem is we jump to worship the one who manage to get top of Big Tech in US but we do not praise the one who have created billion dollar companies in India.

IITians or IIMs who create companies in India are regarding as Crony or evil capitalists. The one in US are hailed as Heros.

You are right bro.
In my college itself (IIT Guwahati), every MNC is in line to hire students. There should be something good in our education system which makes them so eager.

 

[doreamon]

Subarnarekha port

That project has seen delay of 11 years . Now it is being fastraked . But like any other project in india protest is the starting point .

Officials visiting S'rekha Port project opposed, Baliapal locals want their fertile land to be spared

A team which went to the proposed Subarnarekha Port site on Thursday faced stiff opposition from the anti-projects activists and locals. One of the vehicles of the team led by the Director, Port Padmalochan Roul was detained by the protesters. The protestors said that they won’t allow

www.dailypioneer.com

Software of nation needs upgrade . Which got damaged with these leftist politics of decades .

 

[no smoking]

If anyone haven't noticed, true Chinese culture is gone already after CCP taken over. In China it is Chinese looking people only.

What is this "true" Chinese culture?
Chinese claims to have 5000 years history with 24 dynasties. Each dynasty's culture brought in more or less changes into Chinese culture to fit their taste and social/economic/environmental change. Since 19th century, Industrialization impose the greatest challenge to Chinese society that they never had before, certainly the cultural change brought in is the greatest.

Chinese people still write Chinese words, read Chinese history book. Confucianism is still in every part of their daily life.

It is laughable to claim that true Chinese culture is gone after CCP taken over.

 

[FalconZero]

read Chinese history book.

Hehe You mean CCP's version of history right? That's what most refer to. There's a reason why CCP actively censors and has a big internet wall to control the flow of data and anything that doesn't suit their agenda is clamped down.

The fact that only time you could actually freely talk anything for or against china is when you are in a third country should give you a hint about it.

 

[Chandragupt Maurya]

BJP will bring all around development but public hajam nahi kar payega... unko gareebi, bhukhmari aur free dole ki aadat pad gayi hai.

It’s not about BJP or Congress but the 3rd class slave mindset of New Delhi (Dhimmitude) that’s why india needs to move it’s capital away from Delhi to Pataliputra , Nalanda or Bodhgaya
A country with Dhimmitude will never prosper Pakistan is a prominent example of what Dhimmitude can do to country or society

 

[indus]

It’s not about BJP or Congress but the 3rd class slave mindset of New Delhi (Dhimmitude) that’s why india needs to move it’s capital away from Delhi to Pataliputra , Nalanda or Bodhgaya
A country with Dhimmitude will never prosper Pakistan is a prominent example of what Dhimmitude can do to country or society

Pakistan does not suffer from dhimmitude. It suffers from Islamism. This alone is sufficient to destroy countries.

 

[FalconSlayers]

Data Patterns raises pre-IPO funding from Axis MF, others

The defence and aerospace parts manufacturer raised funds at a valuation of ₹2,700 crore

www.livemint.com

 

[FalconSlayers]

 

[Chandragupt Maurya]

Pakistan does not suffer from dhimmitude. It suffers from Islamism. This alone is sufficient to destroy countries.

they were plundered by islamists but instead of fighting against islamism they are holding the flag of islamism they are naming their kids and cities and weapons on the name of those very same islamists who enslaved them if its not dhimmitude then what is it ?
and remember a pasmanda class muslim from punjab/sindh region is likely to be more radical than ashrafiya class muslim of arab iran afghanistan turkey etc because pasmanda suffers from inferiority complex of being a converted muslims so he/she tries to look more muslim than ashrafiya class itself
this dhimmitude exists in north india as well but less than pakistan because india is still a hindu majority which prevents india from dhimmi mentality (to a great extent)
remember a country with this mentality will never prosper because dhimmis werent supposed to prosper they supposed to serve their masters and pakistani pasmanmda class is still doing that

 

[here2where]

In continuation of the latest Rural Wages report i posted earlier, i felt it needed to be correlated with each States's GSDP and inward foreign remittances to answer the question - "Are richer states paying more rural wages?"

GSDP state rankings -

GDP of Indian states - StatisticsTimes.com

GSDP and NSDP of Indian states and union territories in Indian Rupee. Nominal GDP of Indian states and union territories in Dollar.

statisticstimes.com

List of Indian states and union territories by GDP - Wikipedia

en.wikipedia.org

I find this website very useful to get a snapshot of all state performances -

About Delhi: Information on Industries in Delhi, Economy, Growth & Geography

Get detailed economic information about Delhi. Know about the GDP, industry, economy, opportunities, and key growth sectors of Delhi.

www.ibef.org

Inward remittances ranking by state -

Remittances to India: Where does the money come from and What does it mean?

Remittances to India: Where does the money come from and What does it mean?The remittance amount has increased by 14% in one year.

factly.in

Reserve Bank of India - RBI Bulletin

Of interest -

UP is the new Kerala in terms of remittances from Indians in the Gulf

The northern state houses 21 of the top-50 districts from where most low-skilled Indians go overseas for employment, followed by Bihar with seven; Kerala has only one

UP is the new Kerala in terms of remittances from Indians in the Gulf

The northern state houses 21 of the top-50 districts from where most low-skilled Indians go overseas for employment, followed by Bihar with seven; Kerala has only one

www.business-standard.com

 

[FalconSlayers]

Chennai Updates (#WearAMask) (@UpdatesChennai) Tweeted:
Chennai based firm gets 4.14 billion USD (31,000 Cr) funding from an American company.

American company to invest Rs 31,000 crore in Chennai firm

CHENNAI: US-based TFCC International is set to acquire 46 per cent stake in Chennai-based Ramcharan Co Pvt Ltd by investing $4.14 billion (about Rs 31,000 crore

www.newindianexpress.com

 

[FalconSlayers]

 

[angryIndian]

Sri Lanka's population is ~2.2 crores. Being bang on one of the busiest sea lanes has helped little to alleviate its status from a top sex tourism destination particularly paedos from the subcontinent and elsewhere.

Population wise, Sri Lanka can be comparable to 2-3 Indian states. The state of Haryana, Punjab and Chattisgarh, all are land locked and quite distant from a major sea port.

Nominal GDP of Sri Lanka -

Economy of Sri Lanka - Wikipedia

en.wikipedia.org

View attachment 122646

Nominal GDP of land locked Haryana, Punjab and Chattisgarh.

View attachment 122647

View attachment 122648

View attachment 122649

Chattisgarh is largely untapped because a good part of the state is under Naxal influence.

Let Sri Lanka do better than Haryana and Punjab first, then we go about comparing it to India as a whole, kapiche?

Comparing two political entities simply based on GDP or even Per Capita income is inherently faulty.

One has to look at the whole range of spectrum before making a judgement.

Some mineral rich african countries have disproportional GDP as well as GDP per capita( eg Equatorial Guinea,Angola,Nigeria) but most of their population are impoverished.And there are countries with low per capita income(eg Kyrgyzstan) with very low levels of poverty.

Here is what matters the most......

Last But not the least

 

[Haldilal]

Ya'll Nibbiars

The 3,856 crore rupees allotted under Nirbhaya Fund to states by Govt of India Karnataka got 716 crores rupees, Delhi got 703 crores rupees whereas Maharashtra and UP despite having large women population got only 352 crore rupees and 377 Crores rupees funding respectively. Bihar got 289 crore rupees and Rajasthan got less than 50 crores funds.

The Parameters was based on crime, safety, employment and inclusion. The state with lower parameters got most funded.

That Means Karanataka and Delhi are least safe for women's?.