Indian Economy: News and Discussion

[Shuturmurg]

Isnt 75 acres too small?

Looks like its semi conductor packaging unit and not a fab. Still will be big win.

 

[Dr_Deep]

Adani port causing noise pollution: Plea in HC

A plea in the Kerala high court has claimed that the Vizhinjam sea port construction work was causing noise pollution in the area. Refuting the allegation in the plea, moved by a Thiruvananthapuram-based resort, the Vizhinjam International

news.rediff.com

BC...

Resort ki Maa ka b****, hum yeha ek important Transshipment hub banarahe hai...yeh koi tuccha Resort wala complains daal raha hai.. Send some ED Raids to this resort guy..

 

[Dr_Deep]

Looks like its semi conductor packaging unit and not a fab. Still will be big win.

View attachment 191994

Instead of GJ , the fab should come near Hyd or Bangalore..since there is already a good number technical talent pool there also lots of engineering colleges .. Will take less time to get workforce ready to work in the fab labs.

 

[Blademaster]

2000 Crore!? What tech are they going to develop!?

New drilling & extraction tech, new refining tech, and new uses for oil & gas, etc.

 

[RoaringTigerHiddenDragon]

I can feel the Lund-enburg seethe thousands of miles away...
View attachment 191712




They lost money today being unable to short sell

Like I said they took a short position. AdanI Ent just needs to power on. The short sellers would lose their dhotis. Let the markets and investors decide. Investors not only just look at a CA’s audited books but actual performance on the ground and the future prospects of a company including personal connections with AdanI himself. I am pretty sure that Hindenburg is going to lose its money here as AdanI gets preferential treatment from the government for strategic reasons. Investors know that. Do you think they care about shady transactions that happened a decade ago? Hindenburg is nuts.

 

[RoaringTigerHiddenDragon]

Well 25 years ago and before people knew, I mean this lingo was commonly used in media. Its only after globalization, somehow our lingo got americanized.

It is actually S.I. units which is maintained in Paris.

 

[RoaringTigerHiddenDragon]

Been seeing few of this discussions popping up in twitter recently that Modi is using Ambani/Tata and Adani to build huge conglomerates to push industrialization in India similar to how Japan and SK did it

What’s new in this? That is how all Asian economies grew.

 

[RoaringTigerHiddenDragon]

We already have big Guys for India for some time.
1. TATA
2. Reliance
3. Adani

These guys always came to discussion when it comes to Opposition.

But we have big players who have say in governments like L&T which pretty much have large number of projects ranging from Highways to Defence Godrej group, Birla Group, Big Construction companies like AFCONS, DilipCon etc. Airtel, VI in Telecom and how GOI saved VI to have some competition. MSIL in automobile industry, our Bike manufacturers. Slow and steadily once semiconductor manufacturers will be shielded in coming years. This may include Vedanta group also if they setup some plant

Yes. Strategic sectors require companies and leadership you can trust. The government will make sure that the CEO and Board have big ties to India.

 

[RoaringTigerHiddenDragon]

Instead of GJ , the fab should come near Hyd or Bangalore..since there is already a good number technical talent pool there also lots of engineering colleges .. Will take less time to get workforce ready to work in the fab labs.

investor’s choice. It is their money and their business. I am sure they had a detailed appraisal of all sites.

 

[Indrajit]

investor’s choice. It is their money and their business. I am sure they had a detailed appraisal of all sites.

While you are absolutely correct that its the investor's choice and that they would have done due diligence, I think that it would be extremely dicey to put sensitive projects in TN considering the prevailing political and social atmosphere. We don't need that additional risk, however small or large it is.

 

[FalconSlayers]

I don't invest in Adani EL because of their high P/E ratio, they way too over-valued. But that doesn't mean Adani is a scam, they have a solid business and have high value assets as well. Their EBITDA is growing twice as fast as their debt is.

 

[FalconSlayers]

U.S. Pursues India as a Supply-Chain Alternative to China
Biden administration turns to New Delhi as it seeks to steer critical technologies away from Beijing

U.S. Pursues India as a Supply-Chain Alternative to China

The Biden administration turns to New Delhi as it seeks to steer critical technologies away from Beijing.

www.wsj.com

IMF calls India a bright spot and retains growth rate at 6.8% in FY24
Mirror Now | 31 Jan 2023, 09:44 AM IST
The International Monetary Fund (IMF) has retained India’s FY23 growth forecast at 6.8%, terming the country a bright spot and major engine of growth amid an expected fall in global growth to 2.9% in 2023 from an estimated 3.4% in 2022.

IMF calls India a bright spot and retains growth rate at 6.8% in FY24

The International Monetary Fund (IMF) has retained India’s FY23 growth forecast at 6.8%, terming the country a bright spot and major engine of growth amid an expected fall in global growth to 2.9% in 2023 from an estimated 3.4% in 2022.

economictimes.indiatimes.com

At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2%
Business Updated on Jan 31, 2023 01:18 PM IST
India remains the fastest-growing economy in the world with the current estimates surpassing overall growth in emerging and developing Asia.
The International Monetary Fund (IMF) on Tuesday released its latest projections on world economic growth and predicted a dip in the Indian economy from 6.8 per cent in 2022 to 6.1 per cent in 2023. But India is expected to grow at 6.8 per cent again in the financial year 2024.

At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2%

India remains the fastest-growing economy in the world with the current estimates surpassing overall growth in emerging and developing Asia.

www.hindustantimes.com

India to remain fastest growing economy in the world despite global slowdown: IMF
1 min read Updated: 31 Jan 2023, 09:38 AM IST
The International Monetary Fund (IMF) has said that it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 percent from 6.8 percent during the current fiscal ending March 31.
“Growth in India is set to decline from 6.8 percent in 2022 to 6.1 percent in 2023 before picking up to 6.8 percent in 2024, with resilient domestic demand despite external headwinds," said the IMF’s World Economic Outlook update.

India to remain fastest growing economy in world despite global slowdown: IMF

‘Growth in India is set to decline from 6.8 percent in 2022 to 6.1 percent in 2023,’ said the IMF’s World Economic Outlook update

www.livemint.com

India and China will account for half of the global economic growth in 2023: IMF
TIMESOFINDIA.COM / Updated: Jan 31, 2023, 09:40 IST
India and China will account for half of the global economic growth in 2023 versus just a tenth for the US and euro area combined, said the International Monetary Fund in its latest update to the biannual World Economic Outlook. The multilateral agency retained its growth forecast for Asia’s third-largest economy for 2023-24 (FY24).
The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024.
Leading the growth charge in 2023, India continues to be seen growing over 6% this year and next, while the upward revision of China by 0.8 percentage point sets it on track for growth above 5% this year.

India and China will account for half of the global economic growth in 2023: IMF - Times of India

India Business News: While IMF made a marginal upward revision to its global growth forecast for 2023, it retained its projection for India for 2022-23 and 2023-24 at 6.1%

timesofindia.indiatimes.com

Made-in-India GE jet engines sought in closer US security ties
Clearance for assembly of GE engines in India would be a step toward lessening the countrys historic reliance on Russia for military hardware — a boost for American diplomacy in the effort to isolate Moscow over its invasion of Ukraine.
economictimes.indiatimes.com

Made-in-India GE jet engines sought in closer US security ties

Clearance for assembly of GE engines in India would be a step toward lessening the countrys historic reliance on Russia for military hardware — a boost for American diplomacy in the effort to isolate Moscow over its invasion of Ukraine.

economictimes.indiatimes.com

 

[angryIndian]

Majority of Indian students are pursuing B.A/BSc, the share of B.tech falls.

BTech only UG programme in country with dip in admission, lowest in 5 years: AISHE report

According to the latest edition of The All India Higher Education Survey (AISHE) released last night student enrollment in engineering programmes in the regular (or full-time) mode has dropped by 10% from 40.85 lakh in 2016-17 to 36.63 lakh in 2020-21, even as overall admission numbers have...

indianexpress.com

This is not a good trend at all.

I don't know why people are still pursuing jobless courses like Bachelor of Arts, what's wrong with getting a Diploma/ITI?

 

[Sanglamorre]

Been seeing few of this discussions popping up in twitter recently that Modi is using Ambani/Tata and Adani to build huge conglomerates to push industrialization in India similar to how Japan and SK did it

While it's effective, these chaebols ended up having huge outsized influence in core governance in SK and JPN. Hope it doesn't happen in India.

 

[sauntheninja]

While it's effective, these chaebols ended up having huge outsized influence in core governance in SK and JPN. Hope it doesn't happen in India.

SK is still in top in terms of R&D

 

[Sanglamorre]

SK is still in top in terms of R&D

It is.

But Samsung bringing in like 10-15% of the GDP gives them huge, huge control over governance of the country to the extent that it isn't really South Koreans or the GoSK running the country, but business interest of powerful Chaebols like a feudal system.

 

[FalconSlayers]

It is.

But Samsung bringing in like 10-15% of the GDP gives them huge, huge control over governance of the country to the extent that it isn't really South Koreans or the GoSK running the country, but business interest of powerful Chaebols like a feudal system.

No, Samsung's revenue is equal to 17% of SoKo's GDP and it doesn't mean that Samsung 'contributes' 17% to SoKo's entire GDP.

 

[karn]

Majority of Indian students are pursuing B.A/BSc, the share of B.tech falls.

BTech only UG programme in country with dip in admission, lowest in 5 years: AISHE report

According to the latest edition of The All India Higher Education Survey (AISHE) released last night student enrollment in engineering programmes in the regular (or full-time) mode has dropped by 10% from 40.85 lakh in 2016-17 to 36.63 lakh in 2020-21, even as overall admission numbers have...

indianexpress.com

This is not a good trend at all.

I don't know why people are still pursuing jobless courses like Bachelor of Arts, what's wrong with getting a Diploma/ITI?

Because most Btech courses in this country teach you nothing .. So it's a race to the bottom since all the student requires is a "graduate degree" and its the industry that does any skilling.

 

[Sanglamorre]

No, Samsung's revenue is equal to 17% of SoKo's GDP and it doesn't mean that Samsung 'contributes' 17% to SoKo's entire GDP.

How Samsung dominates South Korea's economy

Samsung's businesses reach deep into many parts of South Korean people's lives, from the cradle to the grave.

money.cnn.com

https://www.statista.com/statistics/1314374/south-korea-samsung-groups-revenue-as-a-share-of-gdp/#:~:text=In%202021%2C%20the%20revenue%20of,gross%20domestic%20product%20(GDP)

.


Worse. It seems they contribute to like 20% of the GDP. It is indeed that bad in SK.

 

[Kumata]

How Samsung dominates South Korea's economy

Samsung's businesses reach deep into many parts of South Korean people's lives, from the cradle to the grave.

money.cnn.com

https://www.statista.com/statistics/1314374/south-korea-samsung-groups-revenue-as-a-share-of-gdp/#:~:text=In%202021%2C%20the%20revenue%20of,gross%20domestic%20product%20(GDP)

.


Worse. It seems they contribute to like 20% of the GDP. It is indeed that bad in SK.

Don't worry... we are also on same holy path buddy...