Indian Economy: News and Discussion

Crazywithmath

Senior Member
Joined
Mar 3, 2021
Messages
1,044
Likes
5,746
Country flag

ezsasa

Designated Cynic
Mod
Joined
Jul 12, 2014
Messages
24,571
Likes
105,940
Country flag
Economic growth was okayish (7% +) till late 2018. NPA pile ups and the resulting banking sector crisis (UPA legacy) derailed the growth afterwards. India's economic slowdown did not originate due to many structural issues to begin with. Why do some folks always forget this here? It was recovering in Q4 FY 2019-20 but then the chinese virus struck and delayed it by a year.
a different perspective.

as of 2018 GDP, 1% point is 1.4 lakh crore.

Changes in Stocks fell by 104254 crores in 2019 compared to 2018
Exports fell by 26,055 crores in 2019 compared to 2018

So the top two causes were, stock market and exports, everything else will have to come after these if such a list is being created as what caused 4% growth in 2019.

If NPA was an issue, GFCF would have been impacted negatively, which is not the case.
On 2019 exports i had already made some posts earlier, that global exports were hit in 2019 pre-pandemic. Dec 2019 Trump Xi tariff deal happened, jan 2020 pandemic started. India First lockdown - 24th Mar 2020.

Screenshot 2022-01-16 at 3.16.04 PM.png
 

Covfefe

Senior Member
Joined
Aug 17, 2021
Messages
3,535
Likes
23,310
Country flag
How it started.


How it is going.

There could be no bigger virtue for a RWer to slap the realities on their faces.

दोगलेपन के नक़ाब पे सच्चाई का जूता मारना
 

thebakofbakchod

Regular Member
Joined
Jun 16, 2020
Messages
443
Likes
2,534
Bc. someone called me a congress bhakt:hail::hail::crazy::crazy:


Ultimately, India is a country filled with low IQ losers who refuse to develop and love living in poverty. Until the Indian state heavily clamps down on these cretins and their instigators with a iron fist, this country will be left dealing with scraps. From talking about the Japanese and chinese model to now the vietnamese model, we will be talking about porki and raqibul model in 15 years time.
 

thebakofbakchod

Regular Member
Joined
Jun 16, 2020
Messages
443
Likes
2,534

idiots like him should be given compulsory death sentences to prove a point .At some point, the indian state will have to ruthlessly push back anti development traitors at whatever cost or blood. Half the country currently is still literally worse off than sub-Saharan africa. Any one who dares utter "dEvElOpMeNt at wHaT cOsT" or hurr durr treeeeeeeeeeeees needs to be send to a gulag
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
21,956
Likes
75,650
Country flag
Ya'll Nibbiars offtopic but revelant the stagnantion Era and the Utopian lies.

 

doreamon

Senior Member
Joined
Mar 24, 2019
Messages
3,007
Likes
15,129
Country flag

idiots like him should be given compulsory death sentences to prove a point .At some point, the indian state will have to ruthlessly push back anti development traitors at whatever cost or blood. Half the country currently is still literally worse off than sub-Saharan africa. Any one who dares utter "dEvElOpMeNt at wHaT cOsT" or hurr durr treeeeeeeeeeeees needs to be send to a gulag
As expected . This guy is a panchayat samiti member . There are many other projects which gets stuck due to local politics . i have always believed 73rd / 74th amendments were mistakes.. And too early for a developing country . It took dirt of politics to the grass root levels which can be easily influenced . but who ll convince Gandhians .
 

sauntheninja

Senior Member
Joined
Dec 16, 2020
Messages
1,371
Likes
3,581
Country flag
a different perspective.

as of 2018 GDP, 1% point is 1.4 lakh crore.

Changes in Stocks fell by 104254 crores in 2019 compared to 2018
Exports fell by 26,055 crores in 2019 compared to 2018

So the top two causes were, stock market and exports, everything else will have to come after these if such a list is being created as what caused 4% growth in 2019.

If NPA was an issue, GFCF would have been impacted negatively, which is not the case.
On 2019 exports i had already made some posts earlier, that global exports were hit in 2019 pre-pandemic. Dec 2019 Trump Xi tariff deal happened, jan 2020 pandemic started. India First lockdown - 24th Mar 2020.

View attachment 132236
We never were a export oriented economy though and even when we had a high growth rate 2014-16 export growth wasn't that remarkable
 

Covfefe

Senior Member
Joined
Aug 17, 2021
Messages
3,535
Likes
23,310
Country flag
As expected . This guy is a panchayat samiti member . There are many other projects which gets stuck due to local politics . i have always believed 73rd / 74th amendments were mistakes.. And too early for a developing country . It took dirt of politics to the grass root levels which can be easily influenced . but who ll convince Gandhians .
Added one more layer of corruption, bureaucracy and political power wrestling- that's all it did. Every Sarpanch buys atleast Scorpio SUV in his term😂
We are a poor country with all the shauk of a big developed nation- our love for democracy, our love for enviornment, our love for socialism, our love for labour laws, our penchant for non-alignment. We are too rich ideologically for our own survival
 

nongaddarliberal

Senior Member
Joined
Nov 1, 2016
Messages
1,960
Likes
6,263
Country flag
We won't see the type of Industrialization and growth that we want unless we provide complete hire and fire freedom to businesses regardless of number of employees. Secondly, law and order will have to be strengthened to prevent riots against every new factory that is being built, and for existing projects not to face riots like what happened with the iphone factory. If these two factors aren't achieved, even world class infrastructure won't solve the issue.
 

doreamon

Senior Member
Joined
Mar 24, 2019
Messages
3,007
Likes
15,129
Country flag
We won't see the type of Industrialization and growth that we want unless we provide complete hire and fire freedom to businesses regardless of number of employees. Secondly, law and order will have to be strengthened to prevent riots against every new factory that is being built, and for existing projects not to face riots like what happened with the iphone factory. If these two factors aren't achieved, even world class infrastructure won't solve the issue.
I dnt knw if its already there . But if its nt there shd be a separate division in IB looking in to economic terrorism matters .
 

sauntheninja

Senior Member
Joined
Dec 16, 2020
Messages
1,371
Likes
3,581
Country flag
We won't see the type of Industrialization and growth that we want unless we provide complete hire and fire freedom to businesses regardless of number of employees. Secondly, law and order will have to be strengthened to prevent riots against every new factory that is being built, and for existing projects not to face riots like what happened with the iphone factory. If these two factors aren't achieved, even world class infrastructure won't solve the issue.
What's stopping the unions from starting a protest similar to the farms protests as soon a state election will come close the government will bend over backwards and take the law back
 

afako

Hindufying India
Senior Member
Joined
Aug 18, 2010
Messages
3,077
Likes
15,162
Country flag
in that case, i am glad vietnam's exports are growing. they have FTA advantages and are fully utilising proximity to china as well as their exports to US.
Vietnam is again a media story like Bangladesh. Their value addition is just in single digit %. It is just another front for China like Hong Kong to reexport to United States which started in Trump era trade wars. Look at their trade surplus vs USA and trade deficit vs China. The real value is in owning IP and manufacturing or manufacturing high value goods read electronics manufacturing. Startup fund raising is another high value item. Modi has identified and is pushing for more investments in all the above domains. He is also not ignoring low value but high employment industry like Textiles, Leather, Footwear, Pharma.



HANOI, Jan 15 (Reuters): Vietnam reported a 19% growth in exports last year, as it saw its trade surplus with the United States, its largest export market, widening to an all time high, the government's official data has showed..
Vietnam's total exports came in at US$336.31 billion, while its imports rose 26.5% to US$332.23 billion, resulting in a trade surplus of $4.08 billion, the Customs Department said in a statement.
Exports in December increased 8.5% from November to $34.59 billion, while imports were up 3.1% to US$31.62 billion, the department said.
The data showed Vietnam's trade surplus with the United States rose to US$81 billion from US$63 billion in the previous year, while its trade deficit with China widened to US$54 billion from US$35 billion.
The US is Vietnam's largest export market for such products as garments, electronics and smartphones.

Exports to the US. last year rose by a quarter to $96.3 billion.
China is Vietnam's largest trading partner, on which the South-East Asian country relies heavily for materials and equipment for its labour-intensive manufacturing. Imports from China rose 30% to $110 billion.
 

FalconSlayers

धर्मो रक्षति रक्षितः
Senior Member
Joined
Oct 14, 2020
Messages
18,777
Likes
107,471
Country flag

Physx32

Regular Member
Joined
Feb 28, 2019
Messages
715
Likes
4,953
Country flag
How it started.


How it is going.

That article regarding expansion of highways is somewhat correct. Instead of upgrading the 2-lane roads, had GoI made new parallel access controlled highways, we'd have tens of thousands of kms of motorways by 2022. Anyways after 20 years we've now realised this and buildings proper expressways. China never upgraded their old highways, they only made new expressways and saved tons of money. Even now their old 2 lane highways exist, mostly used by village folks.
 

ezsasa

Designated Cynic
Mod
Joined
Jul 12, 2014
Messages
24,571
Likes
105,940
Country flag
That article regarding expansion of highways is somewhat correct. Instead of upgrading the 2-lane roads, had GoI made new parallel access controlled highways, we'd have tens of thousands of kms of motorways by 2022. Anyways after 20 years we've now realised this and buildings proper expressways. China never upgraded their old highways, they only made new expressways and saved tons of money. Even now their old 2 lane highways exist, mostly used by village folks.
what was the counter argument given by Vajpayee Govt in response?
 

Crazywithmath

Senior Member
Joined
Mar 3, 2021
Messages
1,044
Likes
5,746
Country flag
That article regarding expansion of highways is somewhat correct. Instead of upgrading the 2-lane roads, had GoI made new parallel access controlled highways, we'd have tens of thousands of kms of motorways by 2022. Anyways after 20 years we've now realised this and buildings proper expressways. China never upgraded their old highways, they only made new expressways and saved tons of money. Even now their old 2 lane highways exist, mostly used by village folks.
Why not both? Land acquisition is fast, cheap and quick in coronaland; not the case in India. And it is not like India was putting all her eggs in a single basket. Vajpayee had plans of extensive expressways, inland waterways, railway upgradation and even HSRs; way back in 2000 itself. Yo @Haldilal billa.
 

Latest Replies

New threads

Articles

Top