Indian Economy: News and Discussion

[ezsasa]

Spice exchange , connecting local producers to global importers.

Part of GoI’s initiative to create global commodity price index of our own for products we are top producer of.

ex:
-OPEC determines global oil prices
- Canada determines global maple syrup prices

I think there was a Niti aayog paper on this..

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India's first virtual platform for spice exporters launched - The New Indian Express

www.newindianexpress.com

India's first virtual platform for spice exporters launched

The portal uses AI-based technology to connect relevant spice buyers with Indian spice exporters.

www.newindianexpress.com

 

[LondonParisTokyo]

Spice exchange , connecting local producers to global importers.

Part of GoI’s initiative to create global commodity price index of our own for products we are top producer of.

ex:
-OPEC determines global oil prices
- Canada determines global maple syrup prices

I think there was a Niti aayog paper on this..

========

India's first virtual platform for spice exporters launched - The New Indian Express

www.newindianexpress.com

India's first virtual platform for spice exporters launched

The portal uses AI-based technology to connect relevant spice buyers with Indian spice exporters.

www.newindianexpress.com

Problem is a lot of spices are grown in the West. I know people who can grow many Indian unique peppers here. Same for many of our expensive spices like cardamom, saffron, et al

 

[LondonParisTokyo]

Also I see a lot of people worried about AI and stuff. I'm usually anti-regulation but I think mandating that a certain percentage of goods be made by humans (and domestically) is the way to counteract this.

eg: A chair must have 20% human contribution at any level and be made in India. Something like this. I haven't put much thought into it but it was just a simple idea I had

 

[sauntheninja]

Also I see a lot of people worried about AI and stuff. I'm usually anti-regulation but I think mandating that a certain percentage of goods be made by humans (and domestically) is the way to counteract this.

eg: A chair must have 20% human contribution at any level and be made in India. Something like this. I haven't put much thought into it but it was just a simple idea I had

The same was said about computers it will create new jobs

 

[HawkisRight]

@Crazywithmath What are ur thoughts on rupee appreciation in this decade? I was listening to harsh madhusudan where he mentioned about weak dollar cycle and ruppe appreciating in this cycle and faster gdp numbers.. what is ur estimate?

 

[HariPrasad-1]

Home Improvement Exports are growing Ceramic
Tile exports in Apr-Dec 21 is Rs 94.4bn (up 11%/32% vs Apr-Dec’20/Apr-Dec’19)

Sanitaryware exports reached Rs 9.65bn (up 36%/30% vs Apr-Dec’20/ Apr-Dec’19)

Quartz + others reached Rs 8.36bn (up 42%/41% vs. Apr-Dec’20/ Apr-Dec’19)

Laminate exports at Rs 18bn (up 32%/30% vs Apr-Dec20/Apr-Dec19)

MDF exports at Rs 1.9bn (up 108%/93% vs Apr-Dec20/Apr-Dec19),

Wooden Furniture at Rs 53.3bn (up 50%/62% vs Apr-Dec’20/Apr-Dec’19),

Mattress Support & Bedding reached Rs 46bn (up 63%/75% vs Apr-Dec’20/Apr-Dec’19)

I would love this exports to rise phenomenally. Can anyone imagine the level of employment generated whn 93 bn INR ceramic or 53 bn INR furniture is exported? It would have generated atleast 100 times more employment than same amount of software export. I like this.

 

[HariPrasad-1]

tHaNkS To sLeEpInG BjPiGs wHo dIdN’T Do mUcH WhEn tHeRe wAs oPpUrTuNiTy, ThEy tAlK MoRe tHaN AcTuAlLy dOiNg, DiSiNvEsTmEnT TaRgEtS MiSsEd bUt yOu’lL SeE BhAjAn mAnDlI SiNgInG MoDi mOdI MoDi aNd iT CeLl bRoAdCaStInG ThE BhAjAn tO GuLlIbLe aNdHbHaKtS Of vIkAs. GiViNg eXcUsEs iS ThEiR BeSt oPtIoN.

Artificial Intelligence is the future. Future war will be fought using AI. Israel used it extensively in last conflict against Hizbulla.

 

[another_armchair]

Vodafone Idea Q3 Results: Loss widens to Rs 7,231 cr from Rs 4,532 cr YoY; ARPU rises 5.2% QoQ

The revenue from operations for the quarter also declined 10.80 per cent YoY to Rs 9,717 crore from Rs 10,894 crore in the same quarter last year

economictimes.indiatimes.com

Why are we letting this abomination of a Telecom company stay afloat?

Throwing them a lifeline was a big mistake imo. Should've told them to pay off the banks first in exchange of a moratorium, got Vodafone UK to pay the banks and then said.. now pay the spectrum fees or FO.

 

[Haldilal]

Bangladeshis are claiming that there economy is now more than 411 billion USD
https://www.observerbd.com/news.php?id=341203#:~:text=The%20size%20of%20the%20Bangladesh's,income%20has%20reached%20at%20%242%2C554.

Ya'll Nibbiars they will even claim they have economy larger than the Amerika. Better to ignore this reports.

 

[asaffronladoftherisingsun]

Bangladeshis are claiming that there economy is now more than 411 billion USD
https://www.observerbd.com/news.php?id=341203#:~:text=The%20size%20of%20the%20Bangladesh's,income%20has%20reached%20at%20%242%2C554.

This guy has utterly destroyed chooran infested chaddistitchers.

 

[Haldilal]

Vodafone Idea Q3 Results: Loss widens to Rs 7,231 cr from Rs 4,532 cr YoY; ARPU rises 5.2% QoQ

The revenue from operations for the quarter also declined 10.80 per cent YoY to Rs 9,717 crore from Rs 10,894 crore in the same quarter last year

economictimes.indiatimes.com

Why are we letting this abomination of a Telecom company stay afloat?

Throwing them a lifeline was a big mistake imo. Should've told them to pay off the banks first in exchange of a moratorium, got Vodafone UK to pay the banks and then said.. now pay the spectrum fees or FO.

Ya'll Nibbiars abhi to lifeline diya hai. Aur want Lagat hai. BSNL ko kitne dasko ka waqt diya hai. Let's wait for a years before passing any kind of comments.

 

[asaffronladoftherisingsun]

Ya'll Nibbiars abhi to lifeline diya hai. Aur want Lagat hai. BSNL ko kitne dasko ka waqt diya hai. Let's wait for a years before passing any kind of comments.

How feasible we hit 10-12k usd per capita by 2050?

 

[Haldilal]

How feasible we hit 10-12k usd per capita by 2050?

Ya'll Nibbiars rather than writing Novels I will write journals.

 

[asaffronladoftherisingsun]

Ya'll Nibbiars rather than writing Novels I will write journals.

How is asking a question translate to novels now?

 

[Haldilal]

How is asking a question translate to novels now?

Ya'll Nibbiars try to understand meaning behind that's.

 

[asaffronladoftherisingsun]

Ya'll Nibbiars try to understand meaning behind that's.

Please give some figure you know all this stuff better.

 

[FalconSlayers]

How feasible we hit 10-12k usd per capita by 2050?

2040, by 2050 we maybe 20k.

 

[sauntheninja]

2040, by 2050 we maybe 20k.

Well the definition of becoming a developed country is around the 20k range china is currenlty at 10k after 20 years of near double digit growth and nowhere near the 20k mark

 

[Haldilal]

Please give some figure you know all this stuff better.

Ya'll Nibbiars is aur agle saal ki accurate figures nahi bata sakte to how can we give a figures after 30 year. Well in any scenario we will be the third largest economy. But the exact numbers can be estimade even roughlys.

Even in 10 years possible, even in 20 years or 30 years.

 

[Covfefe]

Vodafone Idea Q3 Results: Loss widens to Rs 7,231 cr from Rs 4,532 cr YoY; ARPU rises 5.2% QoQ

The revenue from operations for the quarter also declined 10.80 per cent YoY to Rs 9,717 crore from Rs 10,894 crore in the same quarter last year

economictimes.indiatimes.com

Why are we letting this abomination of a Telecom company stay afloat?

Throwing them a lifeline was a big mistake imo. Should've told them to pay off the banks first in exchange of a moratorium, got Vodafone UK to pay the banks and then said.. now pay the spectrum fees or FO.

It's a pure government shitfuckery- a legalised robbery in the name of AGR dues and it has affected everyone including the consumers- price hike within the last year itself. And it's also an indicator of what happens when you hound your bureaucrats in the name of botched up audits and thru CBI/IT/ED raids- Telecom department developed cold feet after 2G scam arrests.
Thanks to the higher level of consolidation and deep pockets of Jio and Airtel from their other businesses that they could survive- otherwise we would have been witnessing bloodbath the telecom companies and employment in that sector if the market were as fragmented as earlier-hutch, tata telecom, idea, Airtel, reliance telecommunication etc. Otherwise, it's a pure tax terrorism