Indian Economy: News and Discussion

[SKC]

Our growth rate will not continue for this fiscal, due to high energy import costs.

Its being said prices will go down after Aug.

 

[The Saffron Knight]

When will India overtake Germany and Japan in terms of GDP? India needs to be the 3rd largest economy before the end of this decade.

India will overtake Germany by 2026-27 as per IMF projection. The pre pandemic projection was around 2024.

But overtaking Japanese economy may take longer. Maybe around 2030-32 (IMF only provides prediction upto 2027)

We have to take this data with a pinch of salt. The IMF calculates their GDP projection taking into account the currency depreciation of INR wrt Dollar. And their projected currency depreciation is sharper than what is in reality.

So if the Rupee stays somewhat stable. And the depreciation is minimal. We will overtake Japan & Germany even faster.

 

[ezsasa]

Its being said prices will go down after Aug.

our 1% GDP is around 1.5 lakh crore, that's how thin our GDP margins are.

 

[karn]

India will overtake Germany by 2026-27 as per IMF prediction. The pre pandemic prediction was around 2024.
View attachment 161167
But overtaking Japanese economy may take longer. Maybe around 2030-32 (IMF only provides prediction upto 2027)
View attachment 161169

We have to take this data with a pinch of salt. The IMF calculates their GDP projection taking into account the currency depreciation of INR wrt Dollar. And their projected currency depreciation is sharper than what is in reality.

So if the Rupee stays somewhat stable. And the depreciation is minimal. We will overtake Japan & Germany even faster.

The thing is Japan's GDP is actually falling .. so it might not be that long.

 

[The Saffron Knight]

The thing is Japan's GDP is actually falling .. so it might not be that long.

I hope so.

 

[SKC]

The thing is Japan's GDP is actually falling .. so it might not be that long.

ya they were over $5.5 Trillion and dropped to below $5 trillion now.

 

[FalconSlayers]

India will overtake Germany by 2026-27 as per IMF projection. The pre pandemic projection was around 2024.
View attachment 161167
But overtaking Japanese economy may take longer. Maybe around 2030-32 (IMF only provides prediction upto 2027)
View attachment 161169

We have to take this data with a pinch of salt. The IMF calculates their GDP projection taking into account the currency depreciation of INR wrt Dollar. And their projected currency depreciation is sharper than what is in reality.

So if the Rupee stays somewhat stable. And the depreciation is minimal. We will overtake Japan & Germany even faster.

Lolwa, Japan’s currency has reached 135 yen for a USD. Both Germany and Japan right now are $4 tn economies after currency devaluation. Within 2 years we’ll overtake Germany and in 3 years we’ll overtake Japan.

ya they were over $5.5 Trillion and dropped to below $5 trillion now.

$4 tn

 

[The Saffron Knight]

Lolwa, Japan’s currency has reached 135 yen for a USD. Both Germany and Japan right now are $4 tn economies after currency devaluation.

Okey don't kill the messanger

I am a simple man, I find data, I quote. This particular data from IMF is from May after they corrected their predictions for India.

Within 2 years we’ll overtake Germany and in 3 years we’ll overtake Japan.

I would be most happy if that's the case

 

[armortec]

India, Japan, Germany and UK are all big energy importers (and the latter 3 puppets of USA's whims). So India's economy is quite sensitive to price rises in energy too, right? So far Russia has been giving a small discount on oil, but didn't Saudis just increase their oil price to Asia by 6% (no price rise to USA)? If India gets a more robust energy supply then more robust economy predictions should follow.

There's a country with 45% of it's population of Indian descent (25%+ Hindu) which has found big oil fields that I've not really seen mentioned here - Guyana. Unfortunately on the other side of the world yet I suspect it's oil will mostly go to China. Anyone with more info on this?

India will partner with Guyana in oil and gas, other sectors

 

[Shuturmurg]

India, Japan, Germany and UK are all big energy importers (and the latter 3 puppets of USA's whims). So India's economy is quite sensitive to price rises in energy too, right? So far Russia has been giving a small discount on oil, but didn't Saudis just increase their oil price to Asia by 6% (no price rise to USA)? If India gets a more robust energy supply then more robust economy predictions should follow.

There's a country with 45% of it's population of Indian descent (25%+ Hindu) which has found big oil fields that I've not really seen mentioned here - Guyana. Unfortunately on the other side of the world yet I suspect it's oil will mostly go to China. Anyone with more info on this?

India will partner with Guyana in oil and gas, other sectors

All fields already owned by exxon

 

[Butter Chicken]

 

[Shuturmurg]

Time for Iyengar Bakery, Agrawal Mishthan Bhandar and Kakke Da Dhaba in Moscow.

 

[FalconSlayers]

Time for Iyengar Bakery, Agrawal Mishthan Bhandar and Kakke Da Dhaba in Moscow.

Bikaner sweet corner, Agarwal sweet shops and Sindhi namkeen bhandars .

 

[India Super Power]

Time for Iyengar Bakery, Agrawal Mishthan Bhandar and Kakke Da Dhaba in Moscow.

Are mast idea hai dmart khul do itna sasta mal dekh kar woh bhi pagal ho jayenge

 

[notaname]

Bikaner sweet corner, Agarwal sweet shops and Sindhi namkeen bhandars .

Jain sev bhandar.

 

[notaname]

Russian oil tankers get India safety cover via Dubai company

India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow.

www.reuters.com

Certification by the Indian Register of Shipping (IRClass), one of the world’s top classification companies, provides a final link in the paperwork chain - after insurance coverage - needed to keep state-owned Sovcomflot’s tanker fleet afloat and delivering Russian crude oil to overseas markets.

Data compiled from the IRClass website shows that it has certified more than 80 ships managed by SCF Management Services (Dubai) Ltd, a Dubai-based entity listed as a subsidiary on Sovcomflot’s website.

 

[Shuturmurg]

Jain sev bhandar.

All these shops will work, until Chourasiya Paan Bhandar opens, and all the building corners turn Red. Then Putin will send all of them to Gulag

 

[armortec]

All fields already owned by exxon

Makes sense. Lots of Guyanese in USA too. I hope some flows to India. Louisiana/Mississippi basin, Iran, Guyana, Gulf, West Africa (Nigeria, Guinea, Guinea-Bisseau, Angola etc) - all offshore/river delta oil fields. Surely there must be oil in the Bay of Bengal, Gujarat coast or somewhere nearby.

 

[SKC]

Time for Iyengar Bakery, Agrawal Mishthan Bhandar and Kakke Da Dhaba in Moscow.

forgetting Bittoo Tikki Wala from Delhi coming soon in downtown Moscow.

 

[shade]

Damani can open Dmarts in Roos to fill the gap left by the exit of those Finnish super/hypermarket chain stores.
Mukesh can't do, lest he become a leper in the white countries.