Indian Economy: News and Discussion

[Butter Chicken]

Maersk, World's biggest shipping line says it will double its warehousing presence in India in the next one year.

 

[Ugra Bhairav]

Eye opening interview of Father of Vande Bharat Train.

Sorry story of Innovation and Indigenization in Train Development, can draw parallel with Defence Indigenization.

 

[ym888]

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.

GDP is world's most powerful statistical indicator of national development and progress

You still have to make a weak argument, but you will definitely use GDP more than any other index in the future

 

[dfcool]

nuclear power generation.

result of sold out activists in india.

 

[Dr_Deep]

nuclear power generation.

result of sold out activists in india.

View attachment 182299

Pradhan Mantri Gulag Yojna needs to be activated for these sold out activists..

 

[FalconSlayers]

 

[Jambudweepa]

Indian IT industry will hire 2,00,000 workers in the near term despite macro headwinds such as inflation and impending US recession, said Infosys cofounder, Kris Gopalakrishnan.

Kris Gopalakrishnan: Indian IT industry will add two lakh jobs in the near term: Infosys cofounder Kris Gopalakrishnan - The Economic Times

Kris Gopalakrishnan lauded India's unique model of public digital infrastructure and private entrepreneurship like Unified Payment Interface (UPI) and Open Network for Digital Commerce (ONDC)

m.economictimes.com

 

[Haldilal]

Ya'll Nibbiars

 

[another_armchair]

Westards - Say.No.More.

Its dated 2016 but doubt a LOT has changed since.

 

[Haldilal]

Ya'll Nibbiars The TIMKEN India Ltd to invest 600 crore rupees to set up a manufacturing facility SRB and CRB and components at Bharuch in Gujarat. The new facility will be in the same premises of existing plant.

 

[ezsasa]

They are focussing on oil, to hide their gas and other energy consumption during comparative analysis.

PJ = Peta Joules

India's energy consumption : 32514 PJ (2019)
Europe's energy consumption : 37 086 PJ (2020)
U.S energy consumption : 105711 PJ (2019)

http://www.indiaenvironmentportal.org.in/files/file/Energy%20Statistics%20India%202021.pdf

Energy statistics - an overview - Statistics Explained

An overview of the energy economy in the European Union (EU).

ec.europa.eu

In 2019, U.S. energy production exceeded consumption for the first time in 62 years - U.S. Energy Information Administration (EIA)

www.eia.gov

 

[ezsasa]

They are focussing on oil, to hide their gas and other energy consumption during comparative analysis.

PJ = Peta Joules

India's energy consumption : 32514 PJ (2019)
Europe's energy consumption : 37 086 PJ (2020)
U.S energy consumption : 105711 PJ (2019)

http://www.indiaenvironmentportal.org.in/files/file/Energy%20Statistics%20India%202021.pdf

Energy statistics - an overview - Statistics Explained

An overview of the energy economy in the European Union (EU).

ec.europa.eu

In 2019, U.S. energy production exceeded consumption for the first time in 62 years - U.S. Energy Information Administration (EIA)

www.eia.gov

this may be a better source to get a perspective.

UN data

exajoules , gigajoules per capita ,
Energy Supply (2018)

Final Energy Consumption (2018)

UN Energy Statistics Pocketbook 2021

https://unstats.un.org/unsd/energystats/pubs/documents/2021pb-web.pdf

looks like even if there were no solar in India, we will not be close to U.S and china in fossil fuel consumption.
maybe this is why GoI insisted on using "fossil fuel" instead of specifying coal, at COP27.

 

[Vinash]

Westards - Say.No.More.

Its dated 2016 but doubt a LOT has changed since.

View attachment 182408

Americans consume 4.39 Litres Gasoline daily per capita?

WTF is it so high? 4 Litres daily per person?

 

[ezsasa]

Americans consume 4.39 Litres Gasoline daily per capita?

WTF is it so high? 4 Litres daily per person?

car/automobile lobby prevailed decades ago, and ensured that murican urban planning is dependant on travelling long distances on a daily basis.

 

[indus]

Americans consume 4.39 Litres Gasoline daily per capita?

WTF is it so high? 4 Litres daily per person?

They travel couple of kms to visit a park or a nearby convenience store. Plus train network is rarely used by public for intercity travel journeys. Its either the interstate highway or air-travel. Both are more fuel intensive than train on per capita basis.

 

[SKC]

Americans consume 4.39 Litres Gasoline daily per capita?

WTF is it so high? 4 Litres daily per person?

US cities are built like that only. City transport is neither reliable nor extensive. You have to travel to all areas using your cars only.

They also have habit to fill their tank full each time they visit a gas station.

 

[ezsasa]

Eye opening interview of Father of Vande Bharat Train.

Sorry story of Innovation and Indigenization in Train Development, can draw parallel with Defence Indigenization.

Varaprasad reddy founder of shantha biotech, it's a must watch, especially for young folks who take India's current economic state for granted.

his journey on how he had to struggle to setup his pharma company and prevailing global and domestic conditions at that time and probably even today, should be available for a wider audience.

Shantha Biotech founder Dr ki varaprasad interview | Reason behind Shantha Biotechnics Start?| Hybiz

 

[RoaringTigerHiddenDragon]

GDP is world's most powerful statistical indicator of national development and progress

You still have to make a weak argument, but you will definitely use GDP more than any other index in the future

Sure we will use real GDP (PPP GDP) and real per capita income. I never discouraged the use of this.

 

[NutCracker]

Americans consume 4.39 Litres Gasoline daily per capita?

WTF is it so high? 4 Litres daily per person?

if you do weekend trip to your parents living 300km away with a gas guzzler semi truck ..
You will burn 50 liters alone. (600km return trip)

Imagine same with people doing 40-40 km up-down everyday since they can't pay premium price of main city apartments.

even their bikes are 1000CC choppers.


350cc R E. ko koi bachho wali gaadi bolega udhar pe .

 

[Shuturmurg]

if you do weekend trip to your parents living 600km away with a gas guzzler semi truck ..
You will burn 50 liters alone.

Imagine same with people doing 40-40 km up-down everyday since they can't pay premium price of main city apartments.

even their bikes are 1000CC choppers.


350cc R E. ko koi bachho wali gaadi bolega udhar pe .

My friend drives 25 mile one way to work everyday, so daily drive come around 60 mile (100km).