Indian Economy: News and Discussion

[sauntheninja]

Those numbers are bad. Looks like there really is going to be a global recession.

Amazon has already said they expect sales to go down massively that's why they laid off so many people

 

[tommy]

And core branch placements have shot up, what times we live in .

In which area did core branch placements increase and what college?

 

[AnantS]

And core branch placements have shot up, what times we live in .

Yep its 2001 redux

 

[shade]

Those numbers are bad. Looks like there really is going to be a global recession.

It's a self-fulfilling prohecy.
Suit-boots stop hiring and do massive layoffs to "batten the hatches" for an incoming recession, Medirandis blast 24x7 about incoming recession, public panics and stops discretionary spending, sales of goods and services go down, more layoffs and the cycle eventually ends up in an actual recession.

 

[Bharatiya]

If Global recession does happen: (It likely will)

1. How will India be affected?

2. What can India do to benefit from the recession? How?

3. What can we individuals do to benefit from the recession? Invest where?

What are your thoughts?

 

[GigaChadBharatiya]

If you look at the markers, it seems like we would not have recession after all. Inflation is easing and supply chain bottlenecks are getting resolved. Walmart released their quarterly earnings today, and they have beaten the estimates by a fair share. Gasoline prices have eased in the states, and the war is no longer very active on the Russian front. Also, data suggests that both consumer and corporate spendings are looking up.

 

[RoaringTigerHiddenDragon]

Stop looking at what will happen in the next year. Look at where India will be in 2030/2031. If you want to be a successful investor or profit from a country’s growth you need to look at a decadal growth and vision. Here is a nice, facts-based video of where India could be by 2030. If politics does not come in the way, these projections are reliable enough to actually happen. It is not just headline GDP numbers but the underlying structural reforms and growth. Structural reforms in agriculture and land must happen soon. Establishment of a modern food and agriculture supply chain is suppressing the incomes of hundreds of millions of farmers and other low income people. Agriculture must be modernized with latest farming techniques and supply chain infrastructure like refrigeration, hi-tech storage, broad and cheap availability of quality, nutrient rich food etc. Easy buying/selling/consolidation of land for industry and public projects must also be ensured. Confusing ownership titles, spurious litigation, black money in real estate must all be eliminated and have zero tolerance from reoccurring.
If the government can get the land, food and agriculture reforms and infrastructure right, our GDP growth can be 10%+ for a decade. Hope we get there.

 

[ym888]

If politics does not come in the way, these projections are reliable enough to actually happen. It is not just headline GDP numbers but the underlying structural reforms and growth.


If the government can get the land, food and agriculture reforms and infrastructure right, our GDP growth can be 10%+ for a decade. Hope we get there.

we use gdp for countries that have received an A grade from imf/world bank for statistics strength - not for CCPia or India. For these developing economies we have to use other indictors, not GDP. One indicator that is gaining a lot of popularity is the electric power consumption and especially the use of satellite images to see how brightly lit the country is. Such data cannot be fudged. Never use GDP for countries with less than an A grade in measurement strength.-------------------

RoaringTigerHiddenDragon

----------------



we have to use other indictors, not GDP.

 

[Haldilal]

Ya'll Nibbiars

 

[Dr_Deep]

Ya'll Nibbiars The Tech Layoff

1 . Meta - 11,000 13 percent

2 . Twitter - 3,700 50 percent

3 . Intel - 20 percent.

4 . Snap - 20 percent.

5 . Netflix - 450.

6 . Robinhood - 30 percent.

7 . Stripe, Lyft - 13 percent.

8 . Salesforce - 2,000.

9 . Amazon - 10,000

The 1,20,000 Layoffs. The 2000 01 dot com layoffs were 1,07,000. The Quarter 4 layoffs have just begun. A brutally cold tech winter is coming all over the world's.

Lot of these hires were over staffing due to profits gained in the last 2-3 years..not the market is correcting itself..hence the fat is being trimmed. No more lunch buffet at FANG companies, all those useless product managers who hardly do any coding or technical work will go away. If you have hard skills ( dev/devops etc) you should be fine ...start refreshing your resume and get in the market.
The rule of game is : Always be prepared, never be complacent and look out for the next oppurtunity.

 

[FalconSlayers]

Another iPhone manufacturing plant coming up at Hosur, Tamil Nadu.
60,000 new direct jobs will be created in this plant.

 

[RoaringTigerHiddenDragon]

we use gdp for countries that have received an A grade from imf/world bank for statistics strength - not for CCPia or India. For these developing economies we have to use other indictors, not GDP. One indicator that is gaining a lot of popularity is the electric power consumption and especially the use of satellite images to see how brightly lit the country is. Such data cannot be fudged. Never use GDP for countries with less than an A grade in measurement strength.-------------------

RoaringTigerHiddenDragon

----------------



we have to use other indictors, not GDP.

We can use GDP growth as directionally the movement is correct. PPP per capita income growth is literally the real indicator to measure. Other indicators such as logistics performance, energy consumption per capita are pretty reliable for developing economies. Multidimensional poverty index is also a good indicator. Headline nominal GDP in dollars is a bad indicator mainly due to exchange rate fluctuations and shoddy computation of the measure itself. Countries that have stopped growing and have very little volatility in the structure of the economy (ie. Western economies, Japan, G7 etc) can use nominal GDP for comparison.

 

[RoaringTigerHiddenDragon]

Lot of these hires were over staffing due to profits gained in the last 2-3 years..not the market is correcting itself..hence the fat is being trimmed. No more lunch buffet at FANG companies, all those useless product managers who hardly do any coding or technical work will go away. If you have hard skills ( dev/devops etc) you should be fine ...start refreshing your resume and get in the market.
The rule of game is : Always be prepared, never be complacent and look out for the next oppurtunity.

Over estimate of ”everything being done remotely for a long time” led to excessive hiring. That is being corrected. That’s all.

 

[Haldilal]

Ya'll Nibbiars before cheering for the Lulu Group.

Lulu Mall namaz row: How usual suspects spread fake news and maligned Hindus

Arfa Khanum Sherwani, Rohini Singh, and RJ Sayema were among those who peddled fake news over Lulu Mall namaz row. | OpIndia News

www.opindia.com

Lucknow: Hindus arrested for reciting Hanuman Chalisa outside Lulu mall

To protest against Namaz in Lulu Mall, Hindu activists today chanted Hanuman Chalisa outside the mall, during which they were detained

www.opindia.com

Agra: Hindu groups protest against Namaz offered on roads near Imli Wali Masjid

Hindu activists objected to Namaz being offered outside Imli Wali Masjid in Agra. | OpIndia News

www.opindia.com

Sundarkand in Lulu mall cancelled after management tenders apology for allowing namaz prayers

The management of Lulu mall have registered a police case against unknown people for using mall premises for namaz. | OpIndia News

www.opindia.com

 

[Shuturmurg]

Lot of these hires were over staffing due to profits gained in the last 2-3 years..not the market is correcting itself..hence the fat is being trimmed. No more lunch buffet at FANG companies, all those useless product managers who hardly do any coding or technical work will go away. If you have hard skills ( dev/devops etc) you should be fine ...start refreshing your resume and get in the market.
The rule of game is : Always be prepared, never be complacent and look out for the next oppurtunity.

Most companies are downsizing non-profitable or less profitable divisions. Earlier they could invest more money in non-core low margin business, since they were getting easy credit at near 0%. rates. Now rates are 4%, so they need more profit to just payoff credit they take. That's why non-profitable pre-ipo companies are having the worst time as they can no longer get cheap money to fund their losses.

 

[RoaringTigerHiddenDragon]

Most companies are downsizing non-profitable or less profitable divisions. Earlier they could invest more money in non-core low margin business, since they were getting easy credit at near 0%. rates. Now rates are 4%, so they need more profit to just payoff credit they take. That's why non-profitable pre-ipo companies are having the worst time as they can no longer get cheap money to fund their losses.

Yup…mostly their device businesses which are the least profitable. Amazon is mostly retrenching its AI based devices groups. I am sure all of them are running at massive losses.

 

[Haldilal]

Ya'll Nibbiars The Fakir of DFI.

 

[assassin162]

Mahindra & Mahindra opens dedicated farm machinery plant in Pithampur | Autocar Professional

The new plant is capable of rolling out a series of new products designed at Mahindra’s global technology Centres of Excellence in Finland (harvester and forest machinery), Japan (lightweight tractors and rice machinery value chain) and Turkey (farm implements).

www.autocarpro.in

 

[Haldilal]

Ya'll Nibbiars The KEC International bags order for Ballastless Track work for Mumbai Metro and Chennai Metro.

 

[assassin162]

To compete with China, India might need to open up to it

Inviting in Chinese companies would help India scale up electronics manufacturing, despite geopolitical tensions.

www.livemint.com