Indian Economy: News and Discussion

[NotASussyBoi]

Problem is not modi but opposition. Weak opposition make unchecked decisions.

weakest opposition of the weakest opposition,,ey maybe in 2030 we'll have actual good leftists opposition than the clusterfluck of a opposition we have

 

[asaffronladoftherisingsun]

Have we reached the peak of UPI transactions yet?

 

[Kumata]

Ya'll Nibbiars yeah Kumata ne hei mistake kiya jo modi ko jahad pe chadaya. Aab Phandi tut Gaye aur modi uske sir par Beth gaya to me kya karu. I am unemployed youth of this country.

No,

I Never gave him blank cheque per se.. Just that I am questioning him more and openly...

Rest he do not have a solid opposition... Else I see him no different than raga.. Both are on same pedestrian... Just thst one is conscious of his image and other gives 2 hoots about it and is carrying huge family baggage.

 

[Kumata]

Ya'll Nibbiars could be ever see a Merger like the Z Holdings in India?.

What merger nibba... Khangress + bhajpao...???

 

[Kumata]

Ya'll Nibbiars Z Holdings.

Sorry.. Not getting this. Z shit nibba... I am. Offline today

 

[Haldilal]

Sorry.. Not getting this. Z shit nibba... I am. Offline today

Ya'll Nibbiars aap ka kuch nahi ho sakta.

 

[Haldilal]

Ya'll Nibbiars The Magic of OYO, Ghost Hotels.

Ghost town: Group travels over 3,000 kms to reach their OYO hotel in Puducherry. Finds barren land on arrival

Rohit Kapoor, OYOs chief executive officer for India and South-East Asia, apologised to the group for their troubles.

m.economictimes.com

 

[Haldilal]

Ya'll Nibbiars The OYO Rooms are the official Durgs Den of India.

Hyderabad: Seven more held in drugs case

After arresting Tony, the kingpin in the drugs case, the Hyderabad taskforce police on Wednesday took seven people into custody who are acting as an agents between Tony and businessmen.

www.thehansindia.com

 

[Haldilal]

Ya'll Nibbiars The OYO going Woke.

Kunal Kapoor dons a 'lehenga' in OYO's latest ad

To make a point about stays with a 'view'.

www.afaqs.com

 

[Physx32]

All budget as like this for tax payers.

Explain how. Salaried tax payers contribute 15% of total taxes and get nothing in return. Senior corporate employees pay as much as 44% tax. What do they get in return?

No relief for the honest small businesses from the clutches of the GST.

Why should small businesses get relief from GST? On the other hand it should be made more stricter to increase tax base. Sab tax salaried class denge kya?

 

[Dharani]

Waqt agaya hai L&T mai nivesh ka. I've been eyeing this business, but only its tech subsidiary.

They have 75% stake in LTI, LTTS & 50%+ stake in MindTree, good part of their valuation is already coming from their Tech subsidiaries, plus infra & defence supercycle in India, invested since 2020.

 

[Physx32]

India economy: Seven years of Modi in seven charts

View attachment 135536
Narendra Modi stormed India's political stage with grand promises - of more jobs, prosperity and less red tape.
His thumping mandate - in 2014 and again in 2019 - raised hopes of big bang reforms.
But his economic record, in the seven years he's been prime minister, has proved lacklustre. And the pandemic battered what was an already under-par performance.
Here's how Asia's third-largest economy has fared under Mr Modi, in seven charts.
Growth is sluggish
Mr Modi's avowed GDP target - a $5 trillion (£3.6 trillion) economy by 2025, or roughly $3 trillion after adjusting for inflation - is a pipe dream now.
Independent pre-Covid estimates for 2025 had touched $2.6 trillion at best. The pandemic has shaved off another $200-300bn.
Rising inflation, driven by global oil prices, is also a big concern, economist Ajit Ranade said.

But Covid is not solely responsible.
India's GDP - at a high of 7-8% when Mr Modi took office - had fallen to its lowest in a decade - 3.1% - by the fourth quarter of 2019-20.
A disastrous currency ban in 2016, which wiped out 86% of cash in circulation, and a hasty roll-out of a sweeping new tax code, known as the Goods and Services Tax (GST), hit businesses hard.
This spurred the next big problem.
Joblessness is on the rise
"India's biggest challenge has been a slowdown in investments since 2011-12," said Mahesh Vyas, CEO of the Centre for Monitoring the Indian Economy (CMIE). "Then, since 2016, we have suffered too many economic shocks in quick succession."

The currency ban, GST and intermittent lockdowns all reduced employment, he added.

Unemployment climbed to a 45-year high - 6.1% - in 2017-18, according to the last official count. And it has nearly doubled since then, according to household surveys by CMIE, a widely-used proxy for labour market data.
More than 25 million people have lost their jobs since the start of 2021. And more than 75 million Indians have plunged back into poverty, including a third of India's 100 million-strong middle class, setting back half a decade of gains, according to estimates by Pew Research.
Mr Modi's government has also created far short of the 20 million jobs the economy needs every year, Mr Ranade said. India has been adding only around 4.3 million jobs a year for the last decade.
India is not making or exporting enough
'Make in India' - Mr Modi's high-octane flagship initiative - was supposed to turn India into a global manufacturing powerhouse by cutting red tape and drawing investment for export hubs.
The goal: manufacturing would account for 25% of GDP. Seven years on, it's share is stagnant at 15%. Worse, manufacturing jobs went down by half in the last five years, according to the Centre for Economic Data and Analysis.

Exports have been stuck at around $300bn for nearly a decade.
Under Mr Modi, India has steadily lost market share to smaller rivals such as Bangladesh, whose remarkable growth has hinged on exports, largely fuelled by the labour-intensive garments industry.

Mr Modi has also hiked tariffs and turned increasingly protectionist in recent years - in tandem with his rallying cry for "self-reliance".
Infrastructure building is a rare bright spot
Mr Modi's government has been laying 36km (22 miles) of highways a day on average, compared to his predecessor's daily count of 8-11km, said Vinayak Chatterjee, co-founder of infrastructure firm Feedback Infra.
Installed renewables capacity - solar and wind - has doubled in five years. Currently at about 100 gigawatts, India is on track to achieve its 2023 target of 175 gigawatts.
Economists also largely welcomed Mr Modi's populist signature schemes - millions of new toilets to reduce open defecation, housing loans, subsidised cooking gas and piped water for the poor.
But many of the toilets aren't used or have no running water, and rising fuel prices have undone the benefit of the subsidy.
And the increased spending with no matching income from taxes or exports has economists worrying about India's ballooning fiscal deficit.

More people have joined the formal economy
This is Mr Modi's other big achievement.
India has leapfrogged towards becoming a global leader in digital payments, thanks to a government-backed payment system. Mr Modi's Jan Dhan scheme has enabled millions of unbanked poor families to enter the formal economy with "no-frills" bank accounts.
Accounts and deposits have risen - a good sign, although reports suggest many of these accounts lie unused.

But economists say this is a huge step in the right direction, especially since it allows the direct transfer of cash benefits, cutting out middlemen.
Healthcare spending is dismal
"Like previous governments, this one has continued to neglect healthcare. India has among the lowest levels of public spending on healthcare in the world," economist Reetika Khera said.
Experts say the emphasis is on tertiary care at the expense of preventive or primary care.

"This is hurtling us towards a US-style health system which is expensive and has poorer health outcomes in spite of that," Ms Khera added.
And Mr Modi's ambitious health insurance scheme, launched in 2018, appears to have been under-used even during Covid.
"It was long awaited but more resources need to go into it," said public health expert Dr Srinath Reddy. India needs to use Covid as a wake-up call to invest heavily in strengthening primary healthcare, he added.
Too many still work in farming
Farming employs more than half of India's working-age population but contributes too little to GDP.

Almost everyone agrees India's farming sector needs reform. Pro-market laws passed last year are stuck after months-long protests by angry farmers who say they will shrink their incomes further.
Mr Modi, who had promised to double farm incomes, insists that's not true.
But experts say piecemeal reforms will achieve little - the government instead needs to spend to make farming more affordable and profitable, economist Professor R Ramakumar said.
"Demonetisation destroyed the supply chains, some irreparably, and GST led to a rise in input prices in 2017. The government has also done very little to alleviate the pain of 2020 [Covid lockdowns]," he added.
Mr Ranade said the solution partly lies outside farming: "Agriculture will do well when other sectors are able to absorb the surplus labour."
But that will only happen when India sees a revival in private investment - now at a 16-year low, according to CMIE - and possibly the biggest economic challenge Mr Modi faces.

India economy: Seven years of Modi in seven charts

Covid battered an already sluggish economy, weakened by poor growth, job losses and stagnant exports.

www.bbc.com

Everything related to growth is shown as a % of GDP instead of YoY growth. Nice propaganda.

 

[here2where]

is that consistent across ?

how come that i can claim 50% of basic as HRS while a babu can only 24 %

As per the income tax rules, the tax-exempt part of the HRA (House Rent Allowance) is the minimum of the following amounts:

• Actual HRA component of salary.
• 50% of basic salary if he resides in Delhi, Chennai, Kolkata, or Mumbai; 40% if his residence is in any other city.
• Actual rent paid less 10% of basic salary.

 

[Kumata]

As per the income tax rules, the tax-exempt part of the HRA (House Rent Allowance) is the minimum of the following amounts:

• Actual HRA component of salary.
• 50% of basic salary if he resides in Delhi, Chennai, Kolkata, or Mumbai; 40% if his residence is in any other city.
• Actual rent paid less 10% of basic salary.

Yeah.. But gentleman said babus get 24 % hra only of the basic.. How can there be separate se5of rules for govt employees &. Pvt sector one, s...

 

[Haldilal]

Yeah.. But gentleman said babus get 24 % hra only of the basic.. How can there be separate se5of rules for govt employees &. Pvt sector one, s...

Ya'll Nibbiars because you thought all babus get 7 digit salary PM and all are corrupt. Corruptions in also privates sector that dosent mean they are Corrupt.

And government employees get paid less than the private sectors no surprise. Less pay less work. Once class officer of the state government had a salary of 1,00,000 pm gone to Reliance on a 10 years contract basis draws 7 lakhs PM salary now.

And if you had worked on the government sector Insteda of the privates sector your salary would be less than two to three times the private sector.

And If you work in the mud level the chances If taking bribes are almoat zero as you don't get contact with ground level or the high level corruptions.

 

[Haldilal]

Ya'll Nibbiars

Chennai lags other Indian cities in the unicorn race

Industry experts say that the city has lost out because of the lack of adequate investment in startups in the last 10 years.

m.economictimes.com

 

[sauntheninja]

Explain how. Salaried tax payers contribute 15% of total taxes and get nothing in return. Senior corporate employees pay as much as 44% tax. What do they get in return?

Why should small businesses get relief from GST? On the other hand it should be made more stricter to increase tax base. Sab tax salaried class denge kya?

MSME's are the largest job creators in the country and are suffering due to the lockdowns implemented for the last two years

 

[Haldilal]

Ya'll Nibbiars The Start Ups Unicorns by cities.

And there are currently 81 Start Ups Unicorns in India.

1 . Bengaluru 32.

2 . NCR 20.

3 . Mumbai 18.

4 . Pune 4.

5 . Chennai 3.

7 . Hyderabad 2.

8 . Jaipur 2.

The Quickr, SnapDeal, Hike, Shop Clues has lost it's Valuations.

 

[sauntheninja]

Ya'll Nibbiars The Start Ups Unicorns by cities.

And there are currently 81 Start Ups Unicorns in India.

1 . Bengaluru 32.

2 . NCR 20.

3 . Mumbai 18.

4 . Pune 4.

5 . Chennai 3.

7 . Hyderabad 2.

8 . Jaipur 2.

The Quickr, SnapDeal, Hike, Shop Clues has lost it's Valuations.

NCR ne bangalore ko beat kiya tha na?

 

[Haldilal]

Ya'll Nibbiars The Pepperfry is to hit the IPO by March. Will be a 300 million dollars raising at 30 percent stocks diluations. Another Unicorn in making and the first furniture Unicorns start ups in India.