Indian Economy: News and Discussion

Kumata

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Bad news for those who are landlords & salaried..

From this year... Income tax folks have started mapping pan cards declared in HRA by employee to landlords income & sms are going out....

As it typically happens... Those paying less income & claiming more HRA.. Will have heart burn with their land Lords...

Each pickings...for Nirmala Tai while DHFL fella was busy siphoning off some 34000 crores... New Harshad Mehta...
 

DEV1729

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Bad news for those who are landlords & salaried..

From this year... Income tax folks have started mapping pan cards declared in HRA by employee to landlords income & sms are going out....

As it typically happens... Those paying less income & claiming more HRA.. Will have heart burn with their land Lords...

Each pickings...for Nirmala Tai while DHFL fella was busy siphoning off some 34000 crores... New Harshad Mehta...
Bjp was known as marwadi party for their bloodsucking initiative
 

Varzone

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Bad news for those who are landlords & salaried who do FRAUD with ITD..

From this year... Income tax folks have started mapping pan cards declared in HRA by employee to landlords income & sms are going out....

As it typically happens... Those paying less income & claiming more HRA.. Will have heart burn with their land Lords...

Each pickings...for Nirmala Tai while DHFL fella was busy siphoning off some 34000 crores... New Harshad Mehta...
FTFY
 

tribendra bisoi.

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9 opportunity for india in current scenario -

1. Russian defence export bound to reduce . There are many countries dont want to be depended upon western tech due to fear of sanction and cost issues . Our private and govt players needs to be prepared for that .

2. West would love to reduce its heavy dependence upon chinese in course of time . We have to take advantage . At least steal some labor intensive areas like textile ( including technical textile )

3. Energy price in Europe might provoke some manufacturing companies to look towards other countries .

4. Rapid switch to clean energy can create 15 million new jobs in india . If we can reduce our dependence on coal by nuclear and other green tech , switch to mass transport in big scale , EV industry booms a big problem of urban air pollution can be taken care of .



5 . Electronics and semi conductors . I think we are moving in right direction .

6. NITI Aayog expects that the Indian real estate sector will reach a market size of $1 trillion by 2030 and will account for 13 per cent of India’s GDP by 2025. We ll see upwards trends here .

7. IT and ITES outsourcing will rapidly rise . They dont have labor . Only india is in a position to provide enough graduates .

8. As our GDP rise be prepared to provide enough facility for domestic tourism in a middle income category . I am also more optimistic about medical tourism .

9. I have been seeing 1 million / 2 million views on various agriculture and allied industry related youtube videos . With democratization of information due to digital medium i am hopeful this sector ll see entry of many talented people with modern methods .
 

India Super Power

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9 opportunity for india in current scenario -

1. Russian defence export bound to reduce . There are many countries dont want to be depended upon western tech due to fear of sanction and cost issues . Our private and govt players needs to be prepared for that .

2. West would love to reduce its heavy dependence upon chinese in course of time . We have to take advantage . At least steal some labor intensive areas like textile ( including technical textile )

3. Energy price in Europe might provoke some manufacturing companies to look towards other countries .

4. Rapid switch to clean energy can create 15 million new jobs in india . If we can reduce our dependence on coal by nuclear and other green tech , switch to mass transport in big scale , EV industry booms a big problem of urban air pollution can be taken care of .



5 . Electronics and semi conductors . I think we are moving in right direction .

6. NITI Aayog expects that the Indian real estate sector will reach a market size of $1 trillion by 2030 and will account for 13 per cent of India’s GDP by 2025. We ll see upwards trends here .

7. IT and ITES outsourcing will rapidly rise . They dont have labor . Only india is in a position to provide enough graduates .

8. As our GDP rise be prepared to provide enough facility for domestic tourism in a middle income category . I am more optimistic about medical tourism .

9. I have been seeing 1 million / 2 million views on various agriculture and allied industry related youtube videos . With democratization of information due to digital medium i am hopeful this sector ll see entry of many talented people with modern methods .
This things appear gold when we see but in reality there are many roadblock, failure in bureaucratic and political level, unaware crisis like corona, rus-ukr war, etc.
I think a lot of more time will take than predicted to be a 10 trillion dollar economy
Our growth doesn't seem to be constant every year there is and might be variations
We might even face war before good times
 

karn

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This things appear gold when we see but in reality there are many roadblock, failure in bureaucratic and political level, unaware crisis like corona, rus-ukr war, etc.
I think a lot of more time will take than predicted to be a 10 trillion dollar economy
Our growth doesn't seem to be constant every year there is and might be variations
We might even face war before good times
Here listen to an optimistic view


Maybe it will cheer you up then again maybe it won't even this optimist does not believe that manufacturing will create the jobs that we need.
 

India Super Power

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Here listen to an optimistic view


Maybe it will cheer you up then again maybe it won't even this optimist does not believe that manufacturing will create the jobs that we need.
I will definitely see this
Coming to manufacturing many intellectuals say it doesn't create jobs or contribute much to nation development but I feel we need many low end manufacturing and assembling factories for poverty uplifting
I think our nation has to come to of thinking that low end manufacturing isn't important
It may not contribute interest of tech or scientific development but a good way of income for poorer people more importantly developing skills which may lead to further development
 

tribendra bisoi.

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This things appear gold when we see but in reality there are many roadblock, failure in bureaucratic and political level, unaware crisis like corona, rus-ukr war, etc.
I think a lot of more time will take than predicted to be a 10 trillion dollar economy
Our growth doesn't seem to be constant every year there is and might be variations
We might even face war before good times
4790 million people in world are fully vaccinated . Out of which 910 million are from india , All of them vaccinated by vaccines manufactured here in india . Total doses given in india is 1970 million . Nobody talks about that . If our bureaucrats and politicians were such nincompoop how we achieved that .
 

India Super Power

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4790 million people in india are fully vaccinated . Out of which 910 million are from india , All of them vaccinated by vaccines manufactured here in india . Total doses given in india is 1970 million . None talks about that . If our bureaucrats and politicians were such nincompoop how we achieved that .
During crisis the performance is good no doubt same case with our military bureaucracy
But when there is no crisis or no pressure on head they perform the worst right now u could see some good economic initiatives due to corona but just see after 2-3 years they will come back to same form
 

tribendra bisoi.

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Uflex gear up to manufacture paper straws in Gujurat . The company's aim is to start the production and manufacture about 1.2 billion paper straws a month by August-September 2022.
The straws will be food grade, moisture-resistant and made from environmentally sustainably sourced papers, which are 100 per cent recyclable .

 

Dark Sorrow

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Intel expands in India, unveils new design and engineering centre

While unveiling chip giant Intel's new facility in India, Rajeev Chandrasekhar said that by 2025, India's digital economy should reach $1 trillion

Intel, the world’s largest maker of computer processors, is expanding its design and engineering footprint in the country.
Intel India on Friday unveiled a centre with 453,000 square feet spread over two towers, which can accommodate 2,000 employees. It will help advance cutting-edge design and engineering work in clients, data centres, graphics, artificial intelligence, automotive segments and IoT (Internet of Things), where devices communicate with each other intelligently.

“I am walking into the Intel campus after many years,” said Rajeev Chandrasekhar, Union minister of state for electronics and information technology, who on Friday visited Intel’s Bengaluru campus to unveil the new state-of-the-art facility.
Chandrasekhar was hand-picked by Vinod Dham, father of the Pentium chip, to work at Intel as a senior design engineer and a CPU architect during 1986-91 in Silicon Valley in the US. He later returned to India to pursue entrepreneurship.

“Those years when we were building Intel, we lived and worked much more frugally. We had (dark) grey carpets and horrible orange cubicles and some workstations. But we had the ‘can do’ spirit of Intel,” said Chandrasekhar, who did master’s in computer science at the Illinois Institute of Technology, Chicago.
The centre features facilities including IoT-based systems like desk-booking platforms, an interactive kiosk for occupancy status and floor layouts, and real-time room occupancy indicators. One floor of 70,000 square feet is dedicated to high-tech R&D labs for silicon design and validation purposes. The facility sports a host of employee amenities such as over 50 video-enabled conference rooms, phone booths, collaboration spaces, breakout zones, and lounge areas.
Intel has the largest design and engineering operations outside the US, with facilities in Bengaluru and Hyderabad. It has nine such design and engineering centres in India, which include eight in Bengaluru and one in Hyderabad. The Santa Clara, California-based company said it had invested over $8 billion in India to date and continued to expand its R&D and innovation footprint in the country. Its workforce in India has increased to about 14,000.
Prime Minister Narendra Modi recently said India’s consumption of semiconductors was expected to cross $80 billion by 2026 and $110 billion by 2030. Modi urged the industry to make India a global hub for semiconductors.
Nivruti Rai, country head of Intel India and vice-president of Intel Foundry Services, said: “We have been working very closely with the government. We were showcasing some of the innovations that Intel is driving in India.”
“There are 650,000 villages in the country. We talk about 3G, 4G and 5G in the cities, but rural villages are unconnected. So, we are trying to build solutions where the villages can get connectivity in a manner which is affordable and scalable.”
Many countries are also looking at autonomous driving. But Rai said Intel India was working on collision avoidance systems for the automotive industry.
“We are building connectivity solutions and driver-assist systems and customizing it for India use cases.”

 

thebakofbakchod

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We need more manufacturing investments. The number of new decent size (>100cr) manufacturing units being set up each week in the entire country is still in the single digits. How to improve growth with such dismal numbers
 

FalconSlayers

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Indian economy to grow by 7-7.8% in FY23 despite global headwinds: Experts
Needs to be 10% tho since this figure is probably the result of a "rebound" from 2 years of corona lockdowns.



We need more manufacturing investments. The number of new decent size (>100cr) manufacturing units being set up each week in the entire country is still in the single digits. How to improve growth with such dismal numbers
India is not a one party authoritarian state so obviously getting manufacturing investment is hard.
A good location for manufacturing for export has many dependencies like
  • Excellent road/rail infrastructure
  • Excellent Ports infrastructure
  • Cheap and 24x7 availability of power
  • Labour flexibility
  • The country where you manufacture from has to have good FTAs with consumer countries covering the goods you want to manufacture and export
  • Less import duty on production inputs
  • Supportive govt
  • Law & Order( i.e no chimpouts by workers destroying your factory )
It will take some time( maybe a decade ) also subject to global economic conditions, we aren't in a "boom" period of world economy, where investment money flows like water.

When people want to set up the manufacturing base they think of places like Vietnam, not India, perhaps our country is #4 or #5 on the list.
However one edge we have is large domestic market, that can be used to a degree to ameliorate our other deficiencies, that's what the govt is doing.
 

ym888

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  • Excellent road/rail infrastructure
  • Excellent Ports infrastructure
  • Cheap and 24x7 availability of power
  • Labour flexibility
  • The country where you manufacture from has to have good FTAs with consumer countries covering the goods you want to manufacture and export
  • Less import duty on production inputs
  • Supportive govt
  • Law & Order( i.e no chimpouts by workers destroying your factory )
These are very high conditions



There are very few countries and regions that all meet the above conditions
 

YagamiLight

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Needs to be 10% tho since this figure is probably the result of a "rebound" from 2 years of corona lockdowns.





India is not a one party authoritarian state so obviously getting manufacturing investment is hard.
A good location for manufacturing for export has many dependencies like
  • Excellent road/rail infrastructure
  • Excellent Ports infrastructure
  • Cheap and 24x7 availability of power
  • Labour flexibility
  • The country where you manufacture from has to have good FTAs with consumer countries covering the goods you want to manufacture and export
  • Less import duty on production inputs
  • Supportive govt
  • Law & Order( i.e no chimpouts by workers destroying your factory )
It will take some time( maybe a decade ) also subject to global economic conditions, we aren't in a "boom" period of world economy, where investment money flows like water.

When people want to set up the manufacturing base they think of places like Vietnam, not India, perhaps our country is #4 or #5 on the list.
However one edge we have is large domestic market, that can be used to a degree to ameliorate our other deficiencies, that's what the govt is doing.
BJP has done jack shit to improve the setting and environment for businesses.

My uncle, who is a former bureacrat is still waiting for his GST number after 3 months of apllying it and thats just one sample of how bad it is(one can imagine what it will be like for a common man)

on the other hand, big corporates like ambani/adani etc have single window clearance for all their proposals.

Where is the fairness in business environment? India should be growing at 10-12% if the govt had been barely competent, given our low base. The fact that we grow only at 7-8% shows how badly the govt is managing the economy.

BJP has been a disaster in economic front, still only interested in looting the salaried class and middle class, without actually improving environment for entreprenuers and small businesses. This will bite them in the ass when Hindus are no longer satisfied with just jumlas against abrahamics
 

India Super Power

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These are very high conditions



There are very few countries and regions that all meet the above conditions
Yeah but countries like China and Vietnam have done and also come very close to every point which he quoted so u and Vietnam have flourishing manufacturing capability
India doesn't even fulfill one point which he mentioned so we have to struggle as we don't see our nation willing to fulfill any of the point
 

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