Indian Economy: News and Discussion

[Suryavanshi]

Very good i m also against Chinese companies join India infrastructure development.

 

[Haldilal]

Ya'll Nibbiars Xiamo to stop selling other prodcts than Smart Phone in India.

Xiaomi to only sell smartphones in India now

The decision comes at a time when Indian authorities are probing the local unit of the Chinese smartphone company for alleged violation of foreign exchange rules. The Enforcement Directorate that probes money laundering has frozen the company's bank assets worth ₹5,500 crore.

economictimes.indiatimes.com

 

[Abbey]

 

[jai jaganath]

Pics post kijiye tweets ke

 

[shade]

What boycott? India’s imports from China up by 43%, but no need to worry, say experts

Most of the rise is due to input or capital/ industrial goods, while consumer goods imports are slowly falling. As share of India's total imports, China's share has been declining.

theprint.in

Click-bait headline but we are shifting from a consoomer of CBU chingchong products to assembler of CKD parts and importer of machines from chongistan.

The long-term trend, mapped via the United Nations’ Comtrade database of trade statistics, shows that a vast majority of this decline is coming from the consumer goods sector. From 2011 to 2016, India used to annually import about $3-4 billion worth of consumer goods from China, which has come down to an annual average of $2-$3 billion in 2018-21, reporting a 1 per cent decline on average in the past decade.

The prices of these Chinese final consumer goods might be small, but they had great dominance in India’s consumer goods imports. At their peak, by 2016, imports of Chinese consumer goods used to make up 37 per cent of India’s total consumer goods import, which by 2021, had come down to just 28 per cent, according to the UN Comtrade database.

But, at the same time, both in absolute and percentage terms, the share of imports of “capital goods and unspecified industrial supplies” has risen. In 2011, India used to import $19.5 billion worth of capital goods from China, which was 33 per cent of its total capital goods import. This has risen by about 4 per cent on average every year and has reached $29.53 billion and 40 per cent of the total capital goods imports, ThePrint’s calculations using UN Comtrade show.

The share of unspecified industrial parts has risen to 13.3 per cent (approximately $30 billion) of India’s total imports of this category in 2021 from 10.6 per cent ($20 billion) in 2011.

A detailed look at these items reveals that most of the goods India imports are electronics and (electrical) parts, nuclear reactors, boilers, machinery, and organic chemicals.

A large part of the change in India’s trade with China could be attributed to the central government’s Phased Manufacturing Programme, introduced by the Ministry of Electronics and Technology, which phased out import duties for parts of electronics for Indian manufacturers, in order to encourage local sourcing of raw material for electronics.

“Before 2014, a fully manufactured phone could easily enter India, made-in-China phones were easily accessible,” said Tarun Pathak, research director and telecom analyst at Counterpoint, a technology and market analysis firm headquartered in Hong Kong.

“However, the government, in order to promote indigenous manufacturing of electronics, introduced policies that disincentivised imports of final consumer goods, but allowed imports of parts of electronics.”

“So Indian manufacturers could import parts of electronics, assemble them in India. This could be one of the explanatory factors for why the share of import of consumer goods from China fell and input goods increased in India,” he added.

Ajay Sahai, of the Federation of Indian Exports Organisations, is relieved that electronics dominated India’s import from China, because India’s efforts for indigenous production of electronics is expected to start yielding results very soon.

“The government has announced fiscal incentives to electronics manufacturers in the country in the name of Performance Linked Incentives,” Sahai told ThePrint. “A lot of investment has already come to India that should start yielding results in the coming years. We are looking at a deceleration in both — overall imports of electronics and imported goods from China.”

Thank god the Based White Man didn't whore out his semiconductor, lithium ion battery cell, or display technologies to the China man, rest of his subcomponents in the supply chain we can replicate in less than a decade.
Still a long way to go though, we have to start exporting now, assembly for domestic market is not viable for long-term.

In other news, very specific sources based news from ET

Reliance Industries, HCL may enter Indian semiconductor race via ISMC - ET Telecom

Reliance Industries: The oil-to-telecom conglomerate as well as the Shiv Nadar-founded HCL are likely to invest through subsidiaries, said the sources who estimate the total investment from both parties may be over Rs 4,000 crore ($500-600 million).

telecom.economictimes.indiatimes.com

 

[Concard]

What boycott? India’s imports from China up by 43%, but no need to worry, say experts

Most of the rise is due to input or capital/ industrial goods, while consumer goods imports are slowly falling. As share of India's total imports, China's share has been declining.

theprint.in

Click-bait headline but we are shifting from a consoomer of CBU chingchong products to assembler of CKD parts and importer of machines from chongistan.



Thank god the Based White Man didn't whore out his semiconductor, lithium ion battery cell, or display technologies to the China man, rest of his subcomponents in the supply chain we can replicate in less than a decade.
Still a long way to go though, we have to start exporting now, assembly for domestic market is not viable for long-term.

In other news, very specific sources based news from ET

Reliance Industries, HCL may enter Indian semiconductor race via ISMC - ET Telecom

Reliance Industries: The oil-to-telecom conglomerate as well as the Shiv Nadar-founded HCL are likely to invest through subsidiaries, said the sources who estimate the total investment from both parties may be over Rs 4,000 crore ($500-600 million).

telecom.economictimes.indiatimes.com

Reliance has enough cash to get into any industry and fail massively and yet not hurt by the failure financially. Ambani has committed to solar manufacturing and retail massively. He just needs to commit to electronics sector. I think only Reliance has the necessary finances to take on the risk of running a semiconductor fab. These guys have the money. I hope they take on the challenge.

 

[shade]

Reliance has enough cash to get into any industry and fail massively and yet not hurt by the failure financially. Ambani has committed to solar manufacturing and retail massively. He just needs to commit to electronics sector. I think only Reliance has the necessary finances to take on the risk of running a semiconductor fab. These guys have the money. I hope they take on the challenge.

They are just buying the stake tho.
From Mukes' behaviors he seems to be the guy who can eat losses short term but he has to do whatever calculations and guarantee his subsidiary will be profitable long-term, for semiconductor fab I don't think it's that simple to assess risk considering how capital and tech intensive it is.

 

[another_armchair]

Some sense dawns on these worthies finally.

India considers scrapping early monthly release of trade data

The move is expected to provide a clearer picture of the nations trade and comes amid a delay in collecting data from special economic zones and ports.

economictimes.indiatimes.com

 

[Hari Sud]

Are Chinese company and equipment still working on Bangalore subway system? It says the boring machine is bespoken for India.

View attachment 180878

‘Whose technology they copied without paying license fees. It is by any standards a second rate copy.

 

[Haldilal]

Ya'll Nibbiars The Megha Engineering Infra Ltd MEIL bags contract for construction of Mongolia’s first oil refinery. The Engineers India Limited is the PMC for the project and it will be built using a line of credit from the Govt. of India.

The Order Value : 6,400 crore rupees.

 

[Haldilal]

Ya'll Nibbiars

The Maharashtra Goverment signed India's Largest Hydro Electric project in India, the 10,000 crore rupees, 2,700 MW Dam, at The Kolhapur.

The Maharashtra government signed an MoU worth 10,000 crore rupees for setting up energy project in the state. Now has received an in principle nod from the union environment ministry’s expert appraisal committee EAC for the 2,700 MW Patgaon pumped storage plant in the Kolhapur on river valley and hydroelectric projects.

An environmental impact assessment EIA and social impact assessment will be carried out to gauge the dam’s impact on the surrounding ecology and wildlife, and to identify the number of project affected persons in the 10 KMs radius of the dam. About 180 acres of land requirement will be diverted from existing forest areas.

The project site is located in the lower slope in the Western Ghats, and electricity generated here is proposed to be transported to substations in Kolhapur and Goa. The project will consist of two water reservoirs created at different elevations one of which the Patgaon Lake built by harnessing the Vedganga River in 1998, an east flowing tributary of the Krishna with a turbine between the two to generate power as water is discharged over it. The water will then be pumped back from the lower reservoir to the upper reservoir for future use.

The scheme will involve using the existing Patgaon Lake as upper reservoir with 105 MM3 as gross capacity. The lower reservoir in this project envisages construction of Concrete/Colgrout masonry dam with the maximum height of 57.5 m for short reach for creation of lower reservoir of 13.75 MM 3 gross capacity. The Patgaon PSH is proposed in between the two reservoirs. And the required quantum of water for power generation will get stored in the reservoir through seasonal flow of water, states a copy of the project’s pre feasibility report.

View attachment 180830

Ya'll Nibbiars And this would also be the most affordable dam by per wat production capacity as no new resovier would be built and instead two exiting Irrigations resovier would be utilized who's excess water had always gone waste. And also would be the World's Second largest Pump Hydro Electric Dam in the world.

And No Environmentalist as no new resovier is built or tree is being cut.

Ya'll Nibbiars I have fans everywhere.

 

[shade]

Ya'll Nibbiars The Megha Engineering Infra Ltd MEIL bags contract for construction of Mongolia’s first oil refinery. The Engineers India Limited is the PMC for the project and it will be built using a line of credit from the Govt. of India.

The Order Value : 6,400 crore rupees.

Based people of the Great Khan

Hope India supports them more, they hate the ching chong

 

[thebakofbakchod]

Other than Patna, the richest districts in Bihar are 2 times poorer than the poorest districts in all big Indian states. Most Bihari districts are literally the poorest region in the world. Only Burundi and South Sudan are as poor as Bihari districts. Even countries like the Central African republic are 2 times as rich!! Even calling these as BIMARU is a big insult to the other so called Bimaru states. Bihar and the UP/MP districts bordering Bihar needs its own term.

Meanwhile Bihari politicians...

 

[Abbey]

 

[Abbey]

Meanwhile Bihari politicians...

lmao what a waste of oxygen this person is its 2022 and he is still stuck in reservation while bihar is not improving

 

[shade]

Other than Patna, the richest districts in Bihar are 2 times poorer than the poorest districts in all big Indian states. Most Bihari districts are literally the poorest region in the world. Only Burundi and South Sudan are as poor as Bihari districts. Even countries like the Central African republic are 2 times as rich!! Even calling these as BIMARU is a big insult to the other so called Bimaru states. Bihar and the UP/MP districts bordering Bihar needs its own term.

Meanwhile Bihari politicians...

lmao what a waste of oxygen this person is its 2022 and he is still stuck in reservation while bihar is not improving

Why blame Nitishwa or other Bihari politicians like that Lalu-putra( forgot his name ) or even the state Bhajipao unit?
The Bihari voter only votes for Gormint Job, Reservashun and sometimes against gundagardi, so these are all that the politicians will work towards.
Remember after Agnipath scheme was announced these same Biharis started riots and arson? Sure in hindsight you can declare it as Nitishwas plot at the time, but that doesn't change the core of the problem.

 

[Abbey]

Remember after Agnipath scheme was announced these same Biharis started riots and arson

btw off topic but it seems i won

i will bet my life on it , it will not be rollbacked

x—————————-x———————-x—————————-x———————x—————
everyone was doubting me

Sorry bro very bad at guessing here
Anyway I have feeling u still have hopes over mudiji

 

[Abdus Salem killed]

Brothers how true is this ?

 

[Haldilal]

Ya'll Nibbiars The Mumbai based developer Rustomjee gets approval for its RHP. The Indian stock markets will have another developer to watch out for before the close of 2022.

 

[FalconSlayers]

Brothers how true is this ?

India usually has doubled her GDP every 5-6 years, we'll end up quadrupling our GDP by 2032-2034. This is rather pessimistic.