Indian Economy: News and Discussion

[Kumata]

Growth rests with the policy making domain - government.

Ask the Gobermint what it is doing to fuel growth and bring back some normalcy so that 80 crore people don't have to depend on free Government rations.

80 crores.. I suspect that many are getting free ration baba... GOI said they have reduced poverty a lot...

Poverty in India - Wikipedia

en.wikipedia.org

According to an International Monetary Fund paper, extreme poverty, defined by the World Bank as living on US$1.9 or less in purchasing power parity (PPP) terms, in India was as low as 0.8% in 2019 and the country managed to keep it at that level in 2020 despite the unprecedented COVID-19 outbreak. [1][2] According to World Bank, extreme poverty has reduced by 12.3% between 2011 and 2019 from 22.5% in 2011 to 10.2% in 2019. A working paper of the bank said rural poverty declined from 26.3% in 2011 to 11.6% in 2019. The decline in urban areas was from 14.2% to 6.3% in the same period.The poverty level in rural and urban areas went down by 14.7 and 7.9 percentage points, respectively.[3] According to United Nations Development Programme administrator Achim Steiner, India lifted 271 million people out of extreme poverty in a 10-year time period from 2005–2006 to 2015–2016. A 2020 study from the World Economic Forum found "Some 220 million Indians sustained on an expenditure level of less than Rs 32 / day—the poverty line for rural India—by the last headcount of the poor in India in 2013."[4]

https://en.wikipedia.org/wiki/Poverty_in_India#cite_note-4

Fact remains that some babu's & netas are getting rich in this ponzi scheme of 80 crores..

 

[ezsasa]

But that money is needed for projects / new investments also..

PS:- consider me as a noob on economic matters.. hence the question

Based on market data (current and future projections), banks and RBI estimate the amount of cash required and keep it on tap for credit. when ever companies or governments need cash, they are provided for as per an established process.

excess liquidity being discussed here is cash available over and above the estimates, this excess cash has an impact on inflation, hence RBI is trying to reduce it from the market.

 

[Varzone]

Based on market data (current and future projections), banks and RBI estimate the amount of cash required and keep it on tap for credit. when ever companies or governments need cash, they are provided for as per an established process.

excess liquidity being discussed here is cash available over and above the estimates, this excess cash has an impact on inflation, hence RBI is trying to reduce it from the market.

credit growth has been good so far despite everything, why is everyone worrying so much?

 

[ezsasa]

credit growth has been good so far despite everything, why is everyone worrying so much?

issue is not economics here, it's political.

 

[another_armchair]

RBI Monetary Policy Highlights: 50 bps rate hike has become a new normal for central banks, says Shaktikanta Das - The Economic Times

RBI Monetary Policy LIVE: In an address to the media after MPC unanimously decided to hike the repo rate by 50 bps, RBI Governor Shaktikanta Das said inflation has peaked but it remains high.On the 50 bps rate hike the RBI Governor said, " If you look all around, 50 bps (hike) has become the new...

economictimes.indiatimes.com

Liquidity: Surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May

 

[aragonishere]

iPhone 14 Shipment will start from India at launch .

iPhone 14 first to be made outside China at launch

India will also help make the iPhone 14 when it is released.

www.imore.com

 

[pankaj nema]

 

[ezsasa]

iPhone 14 Shipment will start from India at launch .

iPhone 14 first to be made outside China at launch

India will also help make the iPhone 14 when it is released.

www.imore.com

Tim cook better take permission from @FalconSlayers first

 

[angryIndian]

Since we're on anecdotes.

MacBook Pro plant workers riot over China COVID lockdown

Workers at the Quanta factory in Shanghai have clashed with authorities over China's strict coronavirus measures, with hundreds of employees surging over barriers and shoving past security guards.

www.google.com

'Amazing Scene' As Riot Shuts Foxconn Plant In China

Authorities say 2,000 workers went on a rampage over a "personal dispute." Some workers, though, are saying the dispute relates to on-going tensions at the factory where products are made for Apple and other high-tech giants.

www.npr.org

Foxconn China plant closed after 2,000 riot

About 2,000 Chinese employees of an iPhone assembly company fought a pitched battle into the early hours of Monday, forcing the huge electronics plant where they work to be shut down.

www.reuters.com

Vietnam anti-China protest: Factories burnt

At least 15 foreign-owned factories are set on fire amid anti-China protests in southern Vietnam over tensions in the South China Sea.

www.google.com

At least research a subject before giving gyan, bro.

I am well aware of the protests that have happened in China. Infact there was major labour unrest in 2010 across the country.The thing is those protests don't affect the functioning of their industries, at least not like that in India.
Labour related issues(apart from poor infrastructure) are one of the major reasons why many industries in India run into losses.

 

[ezsasa]

I am well aware of the protests that have happened in China. Infact there was major labour unrest in 2010 across the country.The thing is those protests don't affect the functioning of their industries, at least not like that in India.
Labour related issues(apart from poor infrastructure) are one of the major reasons why many industries in India run into losses.

in India there are no absolutes, it'a always a mixed bag depending on industry and location.
is there some sort of annual govt report which tracks shutdowns across the country on an annual basis?

 

[Varzone]

Look at this idiot...gone off the rails

 

[hit&run]

Look at this idiot...gone off the rails

Just looking at consumer demand recovery post covid (1st and 2nd wave) nothing fits the criteria of recession. If this fool is going to attribute covid which is god’s act to fit into his definition while implying it as a failure of the Government to score politically then the joke is on those who follow him.

 

[Varzone]

Just looking at consumer demand recovery post covid (1st and 2nd wave) nothing fits the criteria of recession. If this fool is going to attribute covid which is god’s act to fit into his definition at the same time imply as failure of the Government to score politically then joke is on those who follow him.

top it all off with 2021-2022 being the fastest economic growth recorded by any big economy that year - India.
Senile old man is still thinking of 2020-2021.

 

[Haldilal]

Ya'll Nibbiars The TRIL Ghansoli, 50 lakhs Sq. Ft.

 

[Haldilal]

Tim cook better take permission from @FalconSlayers first

Ya'll Nibbiars Ha ji Pura Apple Group FalconSlayers Nibba ke den pe hai, unke payroll pe hai Bade Seth hai.

 

[indus]

credit growth has been good so far despite everything, why is everyone worrying so much?

Uncontrolled credit growth leads to uncontrolled NPAs as banks get over leveraged by lending to too risky projects/individuals. Once NPAs get out of hand the bank's ability to further lend reduces and the downward spiral starts. The reduction in bank credit reduces it's income as banks earn from the interest income while their expenses go up as the account holder deposits have to be paid with interest by the bank. Thus bank s profitability gets a hit and gradually Banks become like what Yes Bank is today. Stock price from 400 to Rs 15. So credit growth should be under control

 

[Haldilal]

Ya'll Nibbiars The Jewellery Park Navi Mumbai, 100 acres Tallest building 33 floors, 140 Meters.

 

[Gubol123]

Ya'll Nibbiars The 1970s Ladies and Children Standing In Queue to Get Kerosenes.

View attachment 166614

remember doing this in 80s and 90s too, all thanks to our obsession with socialism

 

[angryIndian]

in India there are no absolutes, it'a always a mixed bag depending on industry and location.
is there some sort of annual govt report which tracks shutdowns across the country on an annual basis?

I don't think the government keeps a record of strikes unless there is a major shut down or involves loss of life or damage to infrastructure.

Majority of strikes are small scale protests which are struck off the log books,neverthless they are equally damaging. In some industries even a 30 min shut down can cause a loss worth crores.

 

[afako]

for all the fun that was made at the expense of merkel on this forum, it is turning out to be the case that her policies were the right one for germany.

-keeping germany neutral and economy focussed
-keeping EU from going overboard on certain things
-maintain relationship with russia
-not allowing govt expenditure to rise beyond revenue
-tempering military instincts of EU and germany

I don't think anybody would have questioned her foreign policy. Her energy policy was a big blunder: closing nuclear plants, coal mining and plants, anti fossil fuel propaganda, betting heavily on electric cars, solar, wind and gas.

In hard times, opposite happened.