Indian Economy: News and Discussion

[jai jaganath]

Huh , heard of some propheszier hub bub saying that some parts of my city will be levelled into a plain area due to earthquake

Be safe bro

 

[Shuturmurg]

Weird lines.. cant correlate it with tectonic plates.
might just be bullshit

View attachment 193050

There is a guy on youtube who has predicted 1000 of last 10 major earthquakes. And his fans think he is some sort of oracle or something, he just predicts some earthquake in all major seismic zones every other week.

 

[SKC]

There is a guy on youtube who has predicted 1000 of last 10 major earthquakes. And his fans think he is some sort of oracle or something, he just predicts some earthquake in all major seismic zones every other week.

There is an earthquake every hour somewhere on earth. You can predict for any region and there maybe earthquake on scale 1-2 which are hardly noticeable.

 

[NotASussyBoi]

Be safe bro

thanks m8 prayers to your side too , god knows what will happen

 

[NutCracker]

IMPORTANT
Before you lads celebrate Lithium jackpot, first lets take a look at the process of mining and tell me how it would be possiblee??

Use water from Porky share of Indus..
Pump brine towards temperate location , maybe upto Rajasthan. Evaporate.. done

 

[skunk works]

IMPORTANT
Before you lads celebrate Lithium jackpot, first lets take a look at the process of mining and tell me how it would be possiblee??

Use water from Porky share of Indus..
Pump brine towards temperate location , maybe upto Rajasthan. Evaporate.. done

Lithium mining is a terrible idea for India, Lithium batteries overall are a terrible idea for India.
Not only will the mining destroy already fragile ecology, it will contaminate and poison rover and ground water.
Labor working these mines will be exposed to poisons.
How will fire-prone Lithium batteries fare in indias hot climate?? It takes 20,000 liters of water to extinguish an electric car fire. We barely have fire brigades in most of country, let alone this kind of water.
With India's driving conditions, how many Lithium car crashes and fires will result? Why is the government drinking this Tesla chooran?

 

[NutCracker]

Lithium mining is a terrible idea for India, Lithium batteries overall are a terrible idea for India.
Not only will the mining destroy already fragile ecology, it will contaminate and poison rover and ground water.
Labor working these mines will be exposed to poisons.
How will fire-prone Lithium batteries fare in indias hot climate?? It takes 20,000 liters of water to extinguish an electric car fire. We barely have fire brigades in most of country, let alone this kind of water.
With India's driving conditions, how many Lithium car crashes and fires will result? Why is the government drinking this Tesla chooran?

Bruh wait. I agree on mining part.. Unfortunately Cold and cloudy Jammu is not suitable for Lithium mining.

but fire ?? Um nope. big nope.

I think you are confusing LithiumFeroPhosphate-LFP batteries with Nickel- ManganeseCobalt- NMC battery.
NMC is fire-prone.

Tesla used to install NMC till mid 2021, but now they are switching towards BYD blade LFP.
And fire incidents in US will be reducing drastically.

 

[SKC]

Bruh wait. I agree on mining part.. Unfortunately Cold and cloudy Jammu is not suitable for Lithium mining.

but fire ?? Um nope. big nope.

I think you are confusing LithiumFeroPhosphate-LFP batteries with Nickel- ManganeseCobalt- NMC battery.
NMC is fire-prone.

Tesla used to install NMC till mid 2021, but now they are switching towards BYD blade LFP.
And fire incidents in US will be reducing drastically.

Tesla is also working on Next Gen Batteries which are said to be 30-40% for energy dense and 15-20% more efficient. Will give more range for less capacity/weight.

We should focus more on battery tech not using Lithium. Not sure if blade batteries and Solid-State batteries are Lithium free or not.

 

[NutCracker]

Tesla is also working on Next Gen Batteries which are said to be 30-40% for energy dense and 15-20% more efficient. Will give more range for less capacity/weight.

We should focus more on battery tech not using Lithium. Not sure if blade batteries and Solid-State batteries are Lithium free or not.

BYD blade has Lithium. it's LFP

Solid state battery needs more research.

 

[sauntheninja]

Tesla is also working on Next Gen Batteries which are said to be 30-40% for energy dense and 15-20% more efficient. Will give more range for less capacity/weight.

We should focus more on battery tech not using Lithium. Not sure if blade batteries and Solid-State batteries are Lithium free or not.

I guess hydrogen powered cars is the next big thing but the whole world seems to be going the lithium route and if we miss the bus China will flood the whole market again

 

[another_armchair]

Gold vs Sensex over 20 yr period -

Sensex -
View attachment 193048

Gold -
View attachment 193049

The noob in me thinks "when stocks goes up, gold should come down" .
Aside of US Fed actions, does this trend indicate increased liquidity/affluence?

Experts - pls clarify.

Not an expert but from a limited reading of 101 Economics, Gold, Silver, precious metals are considered as a reserve against inflation and loss in value of fiat(purchasing power of currency).

Gold, silver are two of the most easily monetizable after a good wet pussy, besides gold and silver don't lose value even if they go totally out of shape after a long beating.

 

[another_armchair]

Dhume's opinion on Gloomberg being rehashed by multiple entities and published globally.

Wah re headline hunters... don't make it so obvious that your agenda gets sniffed from a mile away.

Adani crisis could derail Modi’s economic vision, analyst says

Article is on ET now. Not sharing the link to starve garbage of its undeserved seo points.

“If Adani collapses, he would sort of take down a large chunk of the prime minister’s economic vision with him,” Sadanand Dhume, a senior fellow at the American Enterprise Institute, told Bloomberg Television.

 

[Haldilal]

Ya'll Nibbiars As I said before it's Commercial space booming in Mumbai.

 

[Gyyan]

Looks like we will be needing democracy.

 

[Concard]

Looks like we will be needing democracy.

We better not export that Lithium. Develop the infrastructure to process and refine it. Then supply Lithium to our own industries on the condition that they don't export the products before meeting our demand. Since most of that 5.9 million tons is ore and assuming we get only 1 million tons of pure Lithium after all the processing and refining, we are still looking at 1 billion Kgs of Lithium. That's enough for 500,000 buses or 50 million cars.

Supplying that Lithium for Electronic gadgets can wait, we need to urgently lower our Oil import bill which is eating into our trade deficit. That means more electric buses and cars. Our crude oil imports have crossed $250 billion last year on the back of rising oil prices due to Ukraine war. We can't wait and see this number climbing every year. It's insane how a country of $3.5 Trillion GDP is consuming that much Oil. Imagine our oil imports once we hit $5 Trillion or more. Most of the gains will be erased by huge Oil import bill.

 

[Anirbann Datta]

Looks like we will be needing democracy.

now Jammu will start a movement for 'Azadi' from hindustan for uncle sam's car batteries.

 

[Wisemarko]

Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets

The steadfastness of India’s economy attests to the size and seeming strength of the country’s broader business landscape.

www.nytimes.com

India’s main market index is nearly 2.5 percent above where it stood a year ago, even as U.S. stocks have fallen by more than 4 percent during the same period.
The steadfastness attests to the size and seeming strength of the broader Indian business landscape. Adani fell spectacularly after it was accused of fraud and stock manipulation by a small New York trading firm, but the debacle is barely a splash from the big Indian bucket. India is now home to about 1.5 million companies and a well-capitalized stock market: Its National Stock Exchange fluctuated comfortably between $3 trillion and $3.5 trillion last year.


While calling the Adani Group “the largest con in financial history,” Hindenburg Research, the New York investment firm, itself sounded a bullish note on India proper, calling it “an emerging superpower with an exciting future.”

 

[TopWatcher]

now Jammu will start a movement for 'Azadi' from hindustan for uncle sam's car batteries.

Modi baida hai, inke triple paise nikal leenga

 

[Crazywithmath]

now Jammu will start a movement for 'Azadi' from hindustan for uncle sam's car batteries.

In Lithium Discovery, An Oversight May Have Cost India 26 Years

Almost 26 years ago, the Geological Survey of India submitted a detailed report about the presence of lithium in the same area, in Jammu and Kashmir's Salal. But there seems to have been no meaningful follow-up until now.

www.google.com

Reminds me of couptaji's CTC on mining reforms; how India wasted decades despite priliminary discoveries of vast rare earth metal deposits.

Why India could have a lot more lithium

Considering that lithium exploration is still young in India and given that there have been quite a number of G4 and G3 finds, it is not out of place to dream about more major lithium discoveries in India

www.google.com

 

[FalconSlayers]

It’s official now

Lithium reserve found in J-K's Reasi is of best quality: Official

"Lithium falls in the critical resource category which was not earlier available in India and we were dependent for its 100 percent import. The G3 (advanced) study of the GSI shows the presence of best quality lithium in abundant quantity in the foothills of Mata Vaishno Devi shrine at Salal...

economictimes.indiatimes.com

He said against the normal grade of 220 parts per million (PPM), the lithium found in J&K is of 500 ppm-plus grading, and with a stockpile of 5.9 million tons, India will surpass China in its availability.

Kick out Bhagwant Mann and set up mega EV factories in North Punjab and Haryana nearby Dedicated Freight Corridor lanes.