Indian Economy: News and Discussion

[NutCracker]

Looks like US is onboard for de-dollarisation. Can't keep raising debt ceiling forever.

India better start expanding its merchandise and commodity export with bilateral Rupee trade agreements.


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https://www.nasdaq.com/articles/china-completes-first-yuan-settled-lng-trade

If we didn't reduce merchandise import from Choina in next 5 years, It will be us buying that Internal Chinese yuan debt that we make fun of at Choinese economy thread.

 

[Physx32]

The imports have shot up explosively in this one year. Are we really consuming that much more compared to the previous year?

Electrical/machinery imports consists of many HS categories other than smartphones. E.g., PC, laptop, printers, these are all imported. Also, we're importing machineries and industrial equipment for setting up new factories.

These imports will increase more in the coming year as our per capita income increases and new industries are being set up. That's why I said that GoI needs to set up huge textile and leather parks fast, those will offset these electronics imports.

 

[Haldilal]

Ya'll Nibbiars

 

[Haldilal]

Ya'll Nibbiars The Air India MD Campbell Wilson about the airline using the Russian Airspace : “Thats the way winds are blowing and it is the most economical”. "If Country A and B are having a conflict, then Country A insists Country C to do X, Y and Z. Thats a precedent that I think we all need to be careful of”. “I absolutely don’t sanction or condone or support the conflict but aviation is probably the biggest enabler of global peace and connectivity”.

 

[FalconSlayers]

Electrical/machinery imports consists of many HS categories other than smartphones. E.g., PC, laptop, printers, these are all imported. Also, we're importing machineries and industrial equipment for setting up new factories.

These imports will increase more in the coming year as our per capita income increases and new industries are being set up. That's why I said that GoI needs to set up huge textile and leather parks fast, those will offset these electronics imports.

People here forget that booming imports are a positive sign for a booming economy, but so are exports. If we can not build most of electronic components like semiconductors then we can compensate for that by increasing exports in other sectors, like Pharmaceuticals, Automobiles and Textiles which we are already great but have a lot of room for expansion.

 

[Abbey]

DDA 2023-24 Budget Plan: Rs 3,000 Crore Approved For Infrastructure; Delhi's Sub-Cities, Yamuna Floodplains And Green Spaces In Focus

The Delhi Development Authority (DDA), on 29 March, approved its annual budget with an outlay of Rs 7,643 crore, at the DDA board meeting chaired by Delhi LG Vinai Kumar Saxena

swarajyamag.com

The Delhi Development Authority (DDA), on 29 March, approved its annual budget with an outlay of Rs 7,643 crore, at the DDA board meeting chaired by Delhi LG Vinai Kumar Saxena.
A total allocation of Rs 3,314 crore has been made for the development of land and physical infrastructure along with maintenance of existing infrastructure, in areas falling under the authority.
This includes development of civic infrastructure, particularly in the sub-cities of Narela, Dwarka and Rohini.
Additionally, the budget includes allocations for the Urban Extension Road-II (UER-II), rejuvenation of Yamuna floodplains, housing and green spaces in the city.

• For the UER-II, Rs 3,600 crore has been allocated, out of the total budget of Rs 6,421 crore. This will be the third ring road in Delhi along the western boundary.

• The DDA, with an overall outlay of Rs 928.92 crore, has undertaken the work of rejuvenation and restoration of the floodplains of Yamuna River. A sum of Rs 405 crore has been provided for the work, which will be taken up in a phased manner as 10 separate sub-projects.

• Rs 178 crore has been allocated for maintenance of 15 sports complexes, three mini sports complexes and two golf courses under the authority.

• Four sports complex and a golf course in Dwarka will also be inaugurated this year.

• The ongoing development of the Bharat Vandana Park in the city has been given Rs 105 crore. The park located in Dwarka, is spread over 189.28 acres with the estimated cost of Rs 524 crore.

• Additionally, the DDA will be carrying out development, upgradation and modernisation of existing and new parks and green spaces.

• An amount Rs 350 crore has been allocated for the ongoing development of phase-IV project of the Delhi Metro.

• A provision of Rs 65 crore has been made for upgradation of Nehru Place and Bhikaji Cama Place commercial centres. The plan will also include construction of multilevel car parking.

• The DDA has allocated Rs 55 crore for the rejuvenation of water bodies in Delhi.

Focus on Housing Projects With Rs 1,767 crore
The budget further lays emphasis on completion of significant housing projects in the current year.
This includes 1,114 HIG (high-income group) flats facing Dwarka Golf Course, 650 MIG (middle-income group) flats in Lok Nayak Puram and around 9,000 HIG and MIG flats in Narela, as per a report by MoneyControl.
Additionally, 1,108 MIG and 522 economically weaker section (EWS) residential flats will be completed in the first phase of the residential complexes planned on Transit Oriented Development (TOD) norms in Karkardooma, East Delhi.
A provision of Rs 70 crore has been kept for 10 new projects related to in-situ rehabilitation of slum dwellers.
Two projects, at Jailorwala Bagh with 1,675 flats and Kahtputli Colony 28,000 flats, are currently under construction.
Furthermore, the agency has projected a revenue of Rs 4,310 crore through sales of the additional inventory of existing housing pockets, which are nearing completion.

 

[skunk works]

India comes under fire at WTO for avoiding questions on MSP subsidy:

India comes under fire at WTO for avoiding questions on MSP subsidy

India’s MSP programmes are under scrutiny at the WTO, as it is the first country to invoke the Bali ‘peace clause’ to justify exceeding its 10% ceiling (of the total value of rice production) for rice support in 2018-2019 and 2019-2020.

www.thehindu.com

The idiots in the west should have thought of that when their alphabet agencies were funding the 'farmer' protests.

 

[FalconSlayers]

TASL to make Airbus A320neo aircraft cargo and bulk cargo doors in Hyderabad

TASL to make Airbus A320neo aircraft cargo and bulk cargo doors in Hyderabad - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

m-timesofindia-com.cdn.ampproject.org

 

[Abbey]

NXP CEO Meets PM Modi, Discusses Strengthening India's Semiconductor Ecosystem

Prime Minister Narendra Modi on Thursday (30 March) met NXP’s CEO Kurt Sievers and discussed the transformative landscape in the world of semiconductors and innovation

swarajyamag.com

 

[AnantS]

TASL to make Airbus A320neo aircraft cargo and bulk cargo doors in Hyderabad

TASL to make Airbus A320neo aircraft cargo and bulk cargo doors in Hyderabad - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

m-timesofindia-com.cdn.ampproject.org

abey tata door, ramps se aage bado. Start making interior upholstery and landing gear at least. That would be good start.

 

[vin bharat mahan]

I am saying the same thing since few months here. We need to tax property especially the ones which have rental incomes. All the commercial and residential if taxed will bring in 10 Lakh crores to GOI which will massively give a boost to Government spending power.

yeah

खबर आ रही कि सिर्फ अपना कट्टर हिंदू १ अप्रैल से UPI पर टैक्स देगा। बाकियों को फ्री हैं।

dont make fake claims in economy section...if its sarcism atleast add etc type smiles.

 

[SKC]

abey tata door, ramps se aage bado. Start making interior upholstery and landing gear at least. That would be good start.

 

[SKC]

abey tata door, ramps se aage bado. Start making interior upholstery and landing gear at least. That would be good start.

Airbus currently procures components and services worth $735 million every year from more than 100 Bharatiya suppliers.

Add in the services and components sourced by Boeing from India. It will easily be over $1B worth of business by these two giants from Indian every year.

 

[skunk works]

NXP CEO Meets PM Modi, Discusses Strengthening India's Semiconductor Ecosystem

Prime Minister Narendra Modi on Thursday (30 March) met NXP’s CEO Kurt Sievers and discussed the transformative landscape in the world of semiconductors and innovation

swarajyamag.com

Big semiconductor and electronics maker, specially multi-pin complex ICs.

 

[AnantS]

Airbus currently procures components and services worth $735 million every year from more than 100 Bharatiya suppliers

Add the services and components sourced by Boeing from India. It will easily be over $1B worth of business by these two giants from Indian every year

Mate I am impatient, I would like to see at least narrow body Civilian jet Aircraft assembly lien in India in next 10 years. For that we need to climb value chain in supply of components.

 

[SKC]

Mate I am impatient, I would like to see at least narrow body Civilian jet Aircraft assembly lien in India in next 10 years. For that we need to climb value chain in supply of components.

We are not running our country to cure your impatient.

 

[vishnugupt]

People who keep raising this Chutiya issue since TATA deals has no idea how much money India lose to foreign airlines every year. In compare to that money 80billions is nothing.

Indians pay very handsome amount of money to foreign airlines that too for transit flights.

If Indian airlines increase in size there will be lots of direct flights from most of world cities relatively in cheap prices.

 

[SKC]

People who keep raising this Chutiya issue since TATA deals has no idea how much money India lose to foreign airlines every year. In compare to that money 80billions is nothing.

Indians pay very handsome amount of money to foreign airlines that too for transit flights.

If Indian airlines increase in size there will be lots of direct flights from most of world cities relatively in cheap prices.

The Foreign airlines had captured even the domestic air travel market. The Govt is now not giving Domestic routes to foreign players and asking our companies to operate more.

 

[jai jaganath]

People who keep raising this Chutiya issue since TATA deals has no idea how much money India lose to foreign airlines every year. In compare to that money 80billions is nothing.

Indians pay very handsome amount of money to foreign airlines that too for transit flights.

If Indian airlines increase in size there will be lots of direct flights from most of world cities relatively in cheap prices.

I completely agree with this
But if we are paying this much and there are chances to get a line then it's a must and govt should strive hard
If we are paying on that line we must extract the most
Even aviation minister told then to assemble those here but we know these are just talks to show we tried hut they didn't concede

 

[AnantS]

We are not running our country to cure your impatient.

Naah you were cute content in lethargic slumber - as the country ran in automode by God grace! Its the current gen - go getter attitude has given confidence of being impatient,

Similar advice was given to likes of Raj malhotra and Nambi Naryanan. Hope the progenitor of above thoughts are no longer calling shots in future of Indian Aviation & Space.