Indian Economy: News and Discussion

[RoaringTigerHiddenDragon]

1. India is undergoing significant road construction slowing things down.
2. For higher speeds, you must have expressways connecting to major cities. One example, it takes 10-12 hours to drive between Bangalore and Hyderabad for a distance of 571 km, two tier 1 metros. This would not happen in any major economies. Even Papistan has motorways between all its major cities.
3. Almost all major cities and urban areas have not been connected by expressways yet.
4. Our expressways policy is weird and politically driven or whatever. Hyd-BLR expressway would be a lot more significant than let’s say bundelkhand expressway or jam nagar-Amritsar or even trans Haryana expressway.
5. All of the high performance southern states (contributing 25% to India’s gdp) have zero expressways (bengaluru-mysuru is an access controlled highway). Again unimaginable to think that the most productive areas of Japan or USA not having expressways. Southern Indian roads are the slowest with all highways jammed with traffic. Extremely poor anticipation of infrastructure as the middle class becomes more wealthy.
6. Speed limits of Indian highways are low. Gadkari repeatedly asks state governments to increase speed limits.
7. Google maps calculations are incorrect. How does Google calculate the time it takes to travel between two places?

Unfortunately our situation won’t improve until we build expressways all over the country especially between all major cities, which is not happening as quickly as I thought it would be.

But, this IMF study is useless in comparing countries. Going by this you would think that Papistan is richer than India with a solid economy. That is enough for the study to lose its credibility completely. LoL.

 

[Shuturmurg]

1. India is undergoing significant road construction slowing things down.
2. For higher speeds, you must have expressways connecting to major cities. One example, it takes 10-12 hours to drive between Bangalore and Hyderabad for a distance of 571 km, two tier 1 metros. This would not happen in any major economies. Even Papistan has motorways between all its major cities.
3. Almost all major cities and urban areas have not been connected by expressways yet.
4. Our expressways policy is weird and politically driven or whatever. Hyd-BLR expressway would be a lot more significant than let’s say bundelkhand expressway or jam nagar-Amritsar or even trans Haryana expressway.
5. All of the high performance southern states (contributing 25% to India’s gdp) have zero expressways (bengaluru-mysuru is an access controlled highway). Again unimaginable to think that the most productive areas of Japan or USA not having expressways. Southern Indian roads are the slowest with all highways jammed with traffic. Extremely poor anticipation of infrastructure as the middle class becomes more wealthy.

Unfortunately our situation won’t improve until we build expressways all over the country especially between all major cities, which is not happening as quickly as I thought it would be.

But, this IMF study is useless in comparing countries. Going by this you would think that Papistan is richer than India with a solid economy. That is enough for the study to lose its credibility completely. LoL.

bundelkhand expressway ==> Developed by state govt.
jam nagar-Amritsar ==> Has strategic importance, since will run along pakistan border.


Southern states have enough resources to build expressways within their states. If they want, they can build it.

 

[RoaringTigerHiddenDragon]

bundelkhand expressway ==> Developed by state govt.
jam nagar-Amritsar ==> Has strategic importance, since will run along pakistan border.


Southern states have enough resources to build expressways within their states. If they want, they can build it.

All true, but can you imagine China building an expressway between Kunming and Lhasa first and not between Shenzhen and Shanghai?
If you only build within state expressways, how are you going to connect major cities across India which is where the expressways are really useful? Plus which economically advanced country has this weird way of building expressways? Something is not right about resource allocation for expressway projects. How does Gorakhpur link expressway advance India’s economic growth more BLR-HYD expressway?

 

[Shuturmurg]

All true, but can you imagine China building an expressway between Kunming and Lhasa first and not between Shenzhen and Shanghai?
If you only build within state expressways, how are you going to connect major cities across India which is where the expressways are really useful? Plus which economically advanced country has this weird way of building expressways? Something is not right about resource allocation for expressway projects. How does Gorakhpur link expressway advance India’s economic growth more BLR-HYD expressway?

Because those regions are too far from coasts, thus making it uneconomical to set up industry meant for export there, since transportation cost to port was too high with our shitty infra. This was causing more and more economic divergence between those and coastal states. Such a disparity is not good for national integrity. That's the reason for Dedicated freight corridors 1st 2 routes.

 

[Blademaster]

1. India is undergoing significant road construction slowing things down.
2. For higher speeds, you must have expressways connecting to major cities. One example, it takes 10-12 hours to drive between Bangalore and Hyderabad for a distance of 571 km, two tier 1 metros. This would not happen in any major economies. Even Papistan has motorways between all its major cities.
3. Almost all major cities and urban areas have not been connected by expressways yet.
4. Our expressways policy is weird and politically driven or whatever. Hyd-BLR expressway would be a lot more significant than let’s say bundelkhand expressway or jam nagar-Amritsar or even trans Haryana expressway.
5. All of the high performance southern states (contributing 25% to India’s gdp) have zero expressways (bengaluru-mysuru is an access controlled highway). Again unimaginable to think that the most productive areas of Japan or USA not having expressways. Southern Indian roads are the slowest with all highways jammed with traffic. Extremely poor anticipation of infrastructure as the middle class becomes more wealthy.
6. Speed limits of Indian highways are low. Gadkari repeatedly asks state governments to increase speed limits.
7. Google maps calculations are incorrect. How does Google calculate the time it takes to travel between two places?

Unfortunately our situation won’t improve until we build expressways all over the country especially between all major cities, which is not happening as quickly as I thought it would be.

But, this IMF study is useless in comparing countries. Going by this you would think that Papistan is richer than India with a solid economy. That is enough for the study to lose its credibility completely. LoL.

You guys keep forgetting about the geographical terrain in southern India. It has Eastern and Western Ghats meeting up and creating lot of hilly and rocky terrains, not to mention rivers and dry riverbeds that become raging torrents when the annual monsoon comes.

Also, there is a strong element to preserve the ecological diversity in those areas. Having expressways that would carve up these areas would be disaster ecologically speaking. Still we are finding ecological sound transportation solutions for building expressways.

 

[Haldilal]

Ya'll Nibbiars

 

[RoaringTigerHiddenDragon]

Because those regions are too far from coasts, thus making it uneconomical to set up industry meant for export there, since transportation cost to port was too high with our shitty infra. This was causing more and more economic divergence between those and coastal states. Such a disparity is not good for national integrity. That's the reason for Dedicated freight corridors 1st 2 routes.

That is another deviation from the economic model that the world has generally adopted. All over the world, it is the port cities that have gotten developed to global cities and the hinterland developed later as the wealth from the port cities flow to the hinterland.
Cities like Mumbai, Chennai and Kolkata should have been heavily invested in to become the next Shanghai, Shenzhen and Guagngdong. Yet all three cities significantly lag behind the Chinese equivalents. This is where the Chinese system wins. They have a uniform government and homogeneous race but here we have Tamil Nadu and Bengal politicians hating Modi and not working with the center to position their cities to lead the economic story of India. Rather we are forced to rely on inland cities like Delhi, Pune, Bengaluru and Hyderabad for manufacturing and using expensive expressways to connect to the ports. This is certainly not how other industrial powerhouses developed their export economy. As we know manufacturing is all about costs and therefore the facilities must be situated right near ports with a lot of SEZs with plentiful land availability. That is how Shanghai, Shenzhen, Guangdong all developed into trillion dollar economies - by being right next to massive ports.
‘I still think we are not getting the port-led development right and some coastal cities are unfortunately in states where they work against each other - unheard of in the US, China, European Union, Brazil, Canada, Russia, or any large economy for that matter. This kind of strange priorities is why our growth rate is not as high as it should be, as excessive Center-State politics is holding back our growth rate. This issue must be solved immediately and all Indians must be homogeneous as a race moving the country forwards.
Europe has the same problem and is solving this with this European Union concept which is not very effective, as Brexit showed. ASEAN is also trying to do the same thing but it has countries like Myanmar that are rogue and won’t integrate with the neighborhood.
In India , we must unify the entire country into one giant market by getting rid of variations in inter-state laws, governance approaches, differing political styles etc. GST is one thing that has helped but many areas like justice system, ease of doing business, health care, attitude toward capitalism, infrastructure development are still inconsistent across states and that is holding our development back. Regional politics in India is what is holding us back.

 

[another_armchair]

1. India is undergoing significant road construction slowing things down.
2. For higher speeds, you must have expressways connecting to major cities. One example, it takes 10-12 hours to drive between Bangalore and Hyderabad for a distance of 571 km, two tier 1 metros. This would not happen in any major economies. Even Papistan has motorways between all its major cities.
3. Almost all major cities and urban areas have not been connected by expressways yet.
4. Our expressways policy is weird and politically driven or whatever. Hyd-BLR expressway would be a lot more significant than let’s say bundelkhand expressway or jam nagar-Amritsar or even trans Haryana expressway.
5. All of the high performance southern states (contributing 25% to India’s gdp) have zero expressways (bengaluru-mysuru is an access controlled highway). Again unimaginable to think that the most productive areas of Japan or USA not having expressways. Southern Indian roads are the slowest with all highways jammed with traffic. Extremely poor anticipation of infrastructure as the middle class becomes more wealthy.
6. Speed limits of Indian highways are low. Gadkari repeatedly asks state governments to increase speed limits.
7. Google maps calculations are incorrect. How does Google calculate the time it takes to travel between two places?

Unfortunately our situation won’t improve until we build expressways all over the country especially between all major cities, which is not happening as quickly as I thought it would be.

But, this IMF study is useless in comparing countries. Going by this you would think that Papistan is richer than India with a solid economy. That is enough for the study to lose its credibility completely. LoL.

Bangalore to Chennai via Krishnagiri takes about 6 to 7 hours with no road construction in between, average distance between 330-350 km.

Traffic is thick in between.

Introduction of FastTag has definitely reduced wait time at toll booths.

Chennai to Bangalore Shatabdi takes a little less than 5 hours if the train is running on time.

Building expressways will only solve a part of the problem as inter city traffic at origin and destination will considerably slow you down.

 

[Cheepek]

1. India is undergoing significant road construction slowing things down.
2. For higher speeds, you must have expressways connecting to major cities. One example, it takes 10-12 hours to drive between Bangalore and Hyderabad for a distance of 571 km, two tier 1 metros. This would not happen in any major economies. Even Papistan has motorways between all its major cities.
3. Almost all major cities and urban areas have not been connected by expressways yet.
4. Our expressways policy is weird and politically driven or whatever. Hyd-BLR expressway would be a lot more significant than let’s say bundelkhand expressway or jam nagar-Amritsar or even trans Haryana expressway.
5. All of the high performance southern states (contributing 25% to India’s gdp) have zero expressways (bengaluru-mysuru is an access controlled highway). Again unimaginable to think that the most productive areas of Japan or USA not having expressways. Southern Indian roads are the slowest with all highways jammed with traffic. Extremely poor anticipation of infrastructure as the middle class becomes more wealthy.
6. Speed limits of Indian highways are low. Gadkari repeatedly asks state governments to increase speed limits.
7. Google maps calculations are incorrect. How does Google calculate the time it takes to travel between two places?

Unfortunately our situation won’t improve until we build expressways all over the country especially between all major cities, which is not happening as quickly as I thought it would be.

But, this IMF study is useless in comparing countries. Going by this you would think that Papistan is richer than India with a solid economy. That is enough for the study to lose its credibility completely. LoL.

The Google maps data may as well be the best and most accurate, but we have to understand having slow roads is a non-issue for us. I received a challan when I oversped to ~60-70 km/hr in Delhi. We have speed limits on most city roads ~50-60km/hr. It's not a bad thing if most people drive within speed limits.

 

[Arjun Mk1A]

All true, but can you imagine China building an expressway between Kunming and Lhasa first and not between Shenzhen and Shanghai?
If you only build within state expressways, how are you going to connect major cities across India which is where the expressways are really useful? Plus which economically advanced country has this weird way of building expressways? Something is not right about resource allocation for expressway projects. How does Gorakhpur link expressway advance India’s economic growth more BLR-HYD expressway?

We have Chennai - Bengaluru Expressway will open by 2024.
Chitoor - Thatchur road - Connecting Bengaluru to Chennai Port.
We have also started the Maduravoyal - Chennai Port Link project again after it was abandoned by NHAI due to Politics.
Also, Bengaluru Vijawada Highway is going to be constructed.
Vijayawada - Hyderabad, Vijayawada - Nagpur, Raipur - Viskhapatnam.

These expressways are in various stages of planning and construction.

We cannot blame the UPEIDA since it is a state body, and they took initiative to interconnected four main regions of UP.

The problem with them is lack of interchanges with other UP expressways. Expressways to nowhere like Purvanchal which ended near UP - Bihar Border. Only NHAI or Bihar government can take initiative to connect the Purvanchal to Patna via Buxxar, Arrah and Patna i.e) 132 KM link.

We have western ghats in KA which is basically disallow any connection between both sides. KA reportedly tried to lay lines across Western ghats but supreme Kotha had other plans.

 

[jai jaganath]

Folks pls answer these questions as I am very noob regarding it
1)what's the status of manufacturing of display fabs I mean which companies will make make them in future and their timings eg- Tata etc
2)what do plants of Samsung Foxconn or wistron manufacture in India which goes to their respective phones
3)what components do 3 companies mentioned import
4)what do our TV manufacturers make here I mean what do they import and what they make other than assembly
5)as much I know we have no led diode manufacturing setup so when will we have that capability I mean is there any company making a factory for led diode manufacturing and when will it be operational

Pls do answer
Not necessarily for a person to answer every question but pls give your inputs

 

[Haldilal]

Ya'll Nibbiars

 

[jai jaganath]

Folks pls answer these questions as I am very noob regarding it
1)what's the status of manufacturing of display fabs I mean which companies will make make them in future and their timings eg- Tata etc
2)what do plants of Samsung Foxconn or wistron manufacture in India which goes to their respective phones
3)what components do 3 companies mentioned import
4)what do our TV manufacturers make here I mean what do they import and what they make other than assembly
5)as much I know we have no led diode manufacturing setup so when will we have that capability I mean is there any company making a factory for led diode manufacturing and when will it be operational

Pls do answer
Not necessarily for a person to answer every question but pls give your inputs

@RoaringTigerHiddenDragon @Abdus Salem killed @another_armchair @SKC @Shuturmurg

 

[IndianSpiderman]

1. India is undergoing significant road construction slowing things down.
2. For higher speeds, you must have expressways connecting to major cities. One example, it takes 10-12 hours to drive between Bangalore and Hyderabad for a distance of 571 km, two tier 1 metros. This would not happen in any major economies. Even Papistan has motorways between all its major cities.
3. Almost all major cities and urban areas have not been connected by expressways yet.
4. Our expressways policy is weird and politically driven or whatever. Hyd-BLR expressway would be a lot more significant than let’s say bundelkhand expressway or jam nagar-Amritsar or even trans Haryana expressway.
5. All of the high performance southern states (contributing 25% to India’s gdp) have zero expressways (bengaluru-mysuru is an access controlled highway). Again unimaginable to think that the most productive areas of Japan or USA not having expressways. Southern Indian roads are the slowest with all highways jammed with traffic. Extremely poor anticipation of infrastructure as the middle class becomes more wealthy.
6. Speed limits of Indian highways are low. Gadkari repeatedly asks state governments to increase speed limits.
7. Google maps calculations are incorrect. How does Google calculate the time it takes to travel between two places?

Unfortunately our situation won’t improve until we build expressways all over the country especially between all major cities, which is not happening as quickly as I thought it would be.

But, this IMF study is useless in comparing countries. Going by this you would think that Papistan is richer than India with a solid economy. That is enough for the study to lose its credibility completely. LoL.

That's an oversimplification .

Land acquisition in South Indian states is highly contentious. Even the Bangalore-Mysore expressway was planned 2 decades ago, but didn't move an inch cause the Gowda family wouldn't have any of it. Ashok Kheny of Nandi Infrastructure Limited was hounded by Devegowda and family when he wanted to build the NICE Mysore expressway. This history is the reason why Mysore expressway is being built as a brownfield project in the first place.

Look at what's happening with the proposed PRR in B'lore. Absolutely critical infra for the city not allowed to move an inch by "concerned citizens" aka environmental activists.

Then we have TN. Chennai-Salem expressway was one of the first expressways announced by the Modi govt. Then Christians in the state started protesting against the project like they did in Thoothukudi and Kudankulam.

I suppose I don't even need to mention what the scene is in Kerala in this regard.

While protests also happen in UP, they are not nearly as well supported as down South. And, unfortunately, not every state has leaders like Devendra Fadnavis and Yogi with the skills needed to iron out the creases.

 

[rockdog]

Numbeo.com is based on input given by users living in that country if you noticed the column

Contributors in the past 12 months:

6750

1423

and the average monthly salary of contributor of india and china is

Average Monthly Net Salary (After Tax)

45,223.89 ₹ (3,826.69 ¥)

91,657.25 ₹ (7,755.73 ¥)

+102.67 %

so only double.

as I stated earlier a very high amount of China purchasing power is going towards paying of for a home .

Price per Square Meter to Buy Apartment in City Centre	113,240.73 ₹ (9,582.05 ¥)	808,909.39 ₹ (68,447.17 ¥)	+614.33 %
Price per Square Meter to Buy Apartment Outside of Centre	54,608.44 ₹ (4,620.78 ¥)	449,588.31 ₹ (38,042.64 ¥)	+723.29 %

almost 7 to 8 times that of India.

Some reference from my own experiences, since i am hring an Indian IT firm:

Rate to my firm: Senior Dev/PM from a Gujarat company $USD40/hour;
Rate of my own firm selling to my client (Shanghai): $USD100/hour;
*PS.they are selling prices, not salaries; we are selling our services to those transnational corporations and groups, so both rates are pretty higher than normal firms from IT industry.

Foxconn like of woker in Tier2 city of China, $USD800/month (heard it's 4 times than same job in Vietnam);
Uber/Didi driver in Tier 2 city of China, $USD1000/month;
Food or Express delivery guy in Tie 2 city of China, $1200/month;
*they are after tax and insurance, the entry level of social insurance is $USD200 per month for any kind of formal employeed job.

 

[IndianSpiderman]

That's an oversimplification .

Land acquisition in South Indian states is highly contentious. Even the Bangalore-Mysore expressway was planned 2 decades ago, but didn't move an inch cause the Gowda family wouldn't have any of it. Ashok Kheny of Nandi Infrastructure Limited was hounded by Devegowda and family when he wanted to build the NICE Mysore expressway. This history is the reason why Mysore expressway is being built as a brownfield project in the first place.

Look at what's happening with the proposed PRR in B'lore. Absolutely critical infra for the city not allowed to move an inch by "concerned citizens" aka environmental activists.

Then we have TN. Chennai-Salem expressway was one of the first expressways announced by the Modi govt. Then Christians in the state started protesting against the project like they did in Thoothukudi and Kudankulam.

I suppose I don't even need to mention what the scenario is in Kerala in this regard.

While protests also happen in UP, they are not nearly as well supported as down South. Unfortunately, not every state has leaders like Devendra Fadnavis and Yogi with the skills needed to iron out the creases.

An addendum: not every city in Pakistan is connected by expressways. In fact, their commercial capital Karachi is excluded from the network. The city has a small section of expressway which is disconnected from their national network. Almost all of Pakistan's expressways are in Pakjab ending abruptly at the province's borders. Which is probably why they are such white elephants.

 

[ezsasa]

Translation :
we are making a special fund for road building, please take our loans.
plz plz, we beg you.

Yours sincerely
IMF

 

[Kshatriya87]

Amid decline in China's construction sector, India emerges as 'saviour' for global steel demand

According to a report, the World Steel Association has anticipated a 6.7 per cent in increase in steel demand or nearly 120 million tonnes in 2023 making it to be the biggest increase among major economies.

The report also highlighted a positive outlook for the steel sector.

India, which had a similar growth this year, surpassed the US to become the world's number 2 steel consumer after China.

SW Steel Ltd deputy managing director Jayant Acharya told Bloomberg that the nation-building phase of any economy requires a lot of steel and other commodities.

Acharya added, India is currently in this phase and it could boost the country's steel consumption to over 200 million tonnes by the end of 2030.

To do so, many companies have been setting up their projects in India.

ArcelorMittal Nippon India Ltd., a joint project between India's Mittal and Japan has planned to triple capacity to nearly 30 million tonnes by 2030.

Similarly, Asia's richest man Gautam Adani and South Korea's steelmaker Posco Holdings inc. have been setting up mills in India.

Amid decline in China's construction sector, India emerges as 'saviour' for global steel demand, says report (msn.com)

 

[RoaringTigerHiddenDragon]

Some reference from my own experiences, since i am hring an Indian IT firm:

Rate to my firm: Senior Dev/PM from a Gujarat company $USD40/hour;
Rate of my own firm selling to my client (Shanghai): $USD100/hour;
*PS.they are selling prices, not salaries; we are selling our services to those transnational corporations and groups, so both rates are pretty higher than normal firms from IT industry.

Foxconn like of woker in Tier2 city of China, $USD800/month (heard it's 4 times than same job in Vietnam);
Uber/Didi driver in Tier 2 city of China, $USD1000/month;
Food or Express delivery guy in Tie 2 city of China, $1200/month;
*they are after tax and insurance, the entry level of social insurance is $USD200 per month for any kind of formal employeed job.

Sure but from the poster above, it looks like you have a low purchasing power, especially in real estate, education and health care. See the ratios quoted. Indians are able to afford quality real estate , health care and education much more easily - very important for becoming middle class. I am thinking that massive control of healthcare and pharma by the fraud companies in the video I shared above by overcharging and fleecing patients for unnecessary procedures and milking them dry by overpricing medicines, all with the patronage of the CCP , means the peasants have been shafted left and right, and probably don’t have enough money left to buy and own a decent home. From all the numbers I see, it is clear that the Indian middle class has it a lot more easy with access to quality middle class goods and services, than the Chinese get. This is why gdp alone is insufficient to gauge a country’s prosperity.

 

[RoaringTigerHiddenDragon]

Translation :
we are making a special fund for road building, please take our loans.
plz plz, we beg you.

Yours sincerely
IMF

That would be World Bank. But I think this is just a case of some amateur research not vetted properly.