Indian Economy: News and Discussion

[Cheran]

if Indian media has any sense of "national self interest", they will amplify this news the way these two countries take special interest in our negative news. reciprocity.
will they?
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After Germany enters recession, fears in Singapore of 'Technical Recession'

But this is not enough, there should be attempts to link it (recession) to lack of diversity, Russophobia, neo nazis etc.

 

[ezsasa]

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But this is not enough, there should be attempts to link it (recession) to lack of diversity, Russophobia, neo nazis etc.

our media is good at misinterpreting almost everything that happens, for once they may use this super power in national self interest. if these two countries, are treating us a competition then might as well recognise this and reciprocate.

 

[NutCracker]

State wise Top electronics exporter 2022-23.

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Sauce

 

[IndianEagle2000]

Sauce

https://niryat.gov.in/india#?start_date=202204&end_date=202303&default_table=default&sort_table=export_achieved-sort-desc

 

[SKC]

@SKC coming to this what does Noida have that other regions lack? why is it difficult to create a Noida elsewhere?
I suppose its the human resource factoe since infra can be bilt anywhere. Gov try to replicate the same in Jhansi but to no success.

Well many factors led to the success of Noida:
1. Proximity to Delhi. It was made to provide housing to the people working in various govt departments in Delhi.
2. It was part of initial 16 Software Technology parks of India.
3. Control of city was given to Semi-Private Noida Authority instead of a Govt Municipal Corporation.
4. Initial population was mostly the educated folks from various parts of the country.
5. Congress, SP, BSP, BJP all had special recognition of the city. All worked on keeping it progressive city.

 

[iBaaz]

@SKC coming to this what does Noida have that other regions lack? why is it difficult to create a Noida elsewhere?
I suppose its the human resource factoe since infra can be bilt anywhere. Gov try to replicate the same in Jhansi but to no success.

Location and competency and focus of the Organisation, GIDA in the east was neglected but YEIDA wasnt.

 

[FalconSlayers]

if Indian media has any sense of "national self interest", they will amplify this news the way these two countries take special interest in our negative news. reciprocity.
will they?
======
After Germany enters recession, fears in Singapore of 'Technical Recession'

They already have, Indian media is great in this regards.

@SKC coming to this what does Noida have that other regions lack? why is it difficult to create a Noida elsewhere?
I suppose its the human resource factoe since infra can be bilt anywhere. Gov try to replicate the same in Jhansi but to no success.

Greater Noida has a highly efficient local authority, highly efficient. Very pro-active in terms of scouting investments and getting them done, plus land is cheap too and there is huge consumer market close by, not only NOIDA and GNIDA authorities but even YEIDA or yamuna expressway industrial development authority is also as efficient as them, and they've been highly successful in getting the International Airport getting built as per the strict deadline and bag investments in hospitality, retail and manufacturing even before there is any sign of civilisation over there, and no this place is not at all close to Delhi so Delhi factor doesn't come at all since even on the smooth expressway it will take you more than an hour to reach Delhi-Noida border.


Only if other local authorities get this pro-active we can see shit getting done, reason why Gujjus and Tamilbros excel in manufacturing.

 

[ezsasa]

The first such #finfluencer action by #Sebi. For providing unregistered advisory services.

 

[astransastra]

Haw many Indian family earn more than 2l PM ?

How many Indians earn 30 lakh and above salaries ?

This wiki link has info for those questions.

Income in India - Wikipedia

en.wikipedia.org

How long the people earning 30 lakh and above salaries keep their jobs ?

With due respect, i need to counter your opinion if you think they are good for nothing and can't keep their jobs. Most of these people have versatile skills and can easily make necessary adjustments in their job profile and if at all they keep climbing in their careers further! Most of them (with their high incomes) would have also have made sustainable money multiplier investment and business plans in case their careers are not sustainable!

FYI= there is huge difference between IIT & IIM, engineers gets a low salary compared to MBA, only reason IT people getting huge salaries due to foreign currency power, it is similar to a nurse/techiest working in gulf vs Indian village. Engineers makes only less than 1.2l PM, average less than 60k pm and as low as 10k pm.
you can see a large no.of engineering choosing civil services, police, fire force ldc etc due to better salary and future and start up. Engineer salary depends on new innovation or dangerous/challenges involved, IT sector depends on ads.

Again, i request you to re-consider your opinions on this, i would say any product can be sold globally and be paid in foreign currency NOT just IT products and services. Let's take this example...If Kaveri engine can be improved better than its counter parts, would it not result huge sales and also result in huge domestic savings and even if a fraction of those benefits are passed on to the engineers, that's a huge benefit for them. So if engineers work and develop quality products in Engine technology, Firmware, Chip fabrication etc their salaries can easily be on par with IT industry. Then IT industry should also do better to move in to niche areas like compiler design, developing new programming languages etc rather than making use of existing APIs developed by the Microsofts and Amazons of the world.

But all this takes some kind of transformational steps by government like collaborating with private industry by transferring the existing IP in such niche technologies to promising startups and just limit PSU's role to monitoring the milestones and timelines of those startups....something on the lines ISRO already started doing. My ramblings and intentions are not to hurt the PSU employees but to create a realistic sustainable domestic model that works and nurtures our nation.

 

[johnj]

This wiki link has info for those questions.

Income in India - Wikipedia

en.wikipedia.org

With due respect, i need to counter your opinion if you think they are good for nothing and can't keep their jobs. Most of these people have versatile skills and can easily make necessary adjustments in their job profile and if at all they keep climbing in their careers further! Most of them (with their high incomes) would have also have made sustainable money multiplier investment and business plans in case their careers are not sustainable!

Again, i request you to re-consider your opinions on this, i would say any product can be sold globally and be paid in foreign currency NOT just IT products and services. Let's take this example...If Kaveri engine can be improved better than its counter parts, would it not result huge sales and also result in huge domestic savings and even if a fraction of those benefits are passed on to the engineers, that's a huge benefit for them. So if engineers work and develop quality products in Engine technology, Firmware, Chip fabrication etc their salaries can easily be on par with IT industry. Then IT industry should also do better to move in to niche areas like compiler design, developing new programming languages etc rather than making use of existing APIs developed by the Microsofts and Amazons of the world.

But all this takes some kind of transformational steps by government like collaborating with private industry by transferring the existing IP in such niche technologies to promising startups and just limit PSU's role to monitoring the milestones and timelines of those startups....something on the lines ISRO already started doing. My ramblings and intentions are not to hurt the PSU employees but to create a realistic sustainable domestic model that works and nurtures our nation.

You said the most important point - 'Most of these people have versatile skills and can easily make necessary adjustments in their job profile and if at all they keep climbing in their careers further! Most of them (with their high incomes) would have also have made sustainable money multiplier investment and business plans in case their careers are not sustainable! ' - the important factor missing in gov sector.
Rest you were is totally irreverent and nonsense, you totally confused with gov sector and private sector, capitalism vs socialism, non of the things you saying is not going to work.
Things you misunderstood -
Kaveri engine - its under powered and over weight and better option already available in market,
Chip design, firmware development - is the only few major area in India where an engineer earning more than 1lach pm. Chip fabrication etc - nonsense, there no private players in India, so 0 salary, only gov sector
Consider carrier in politics & become next CM and PM to fulfill your comments and also they yearn a lots[huge/black] of money.
FYI, Engineers are least paid, very low salary compared to other professional jobs, a major reason why now a days engineers considering coding, software development, firmware and MBA. lots of BTech/BE/PG graduates doing engg jobs for 2k to 15k in India. If you graduate in IIT, some IT company comes in and give you a job with 90lpa or more
Engineering is not about money/luxury, but creating something new{its fun}, and need a lots of money for innovation, bankruptcy is common among engineering. a major reason why only few players in top tier fields, including aircraft engine, fab etc something we cant match.
Bottom line- gov pays a lots of money to their engineers, provide infa/env for developing their skills, talent, special vacancy for their children etc something private sector can't match, but can't say same with some other gov jobs/posts. Also less than 0.001% people make money more than 1cr pa[8lpm] and I think only few engineer in it/ hard to find.

 

[Blood+]

You said the most important point - 'Most of these people have versatile skills and can easily make necessary adjustments in their job profile and if at all they keep climbing in their careers further! Most of them (with their high incomes) would have also have made sustainable money multiplier investment and business plans in case their careers are not sustainable! ' - the important factor missing in gov sector.
Rest you were is totally irreverent and nonsense, you totally confused with gov sector and private sector, capitalism vs socialism, non of the things you saying is not going to work.
Things you misunderstood -
Kaveri engine - its under powered and over weight and better option already available in market,
Chip design, firmware development - is the only few major area in India where an engineer earning more than 1lach pm. Chip fabrication etc - nonsense, there no private players in India, so 0 salary, only gov sector
Consider carrier in politics & become next CM and PM to fulfill your comments and also they yearn a lots[huge/black] of money.
FYI, Engineers are least paid, very low salary compared to other professional jobs, a major reason why now a days engineers considering coding, software development, firmware and MBA. lots of BTech/BE/PG graduates doing engg jobs for 2k to 15k in India. If you graduate in IIT, some IT company comes in and give you a job with 90lpa or more
Engineering is not about money/luxury, but creating something new{its fun}, and need a lots of money for innovation, bankruptcy is common among engineering. a major reason why only few players in top tier fields, including aircraft engine, fab etc something we cant match.
Bottom line- gov pays a lots of money to their engineers, provide infa/env for developing their skills, talent, special vacancy for their children etc something private sector can't match, but can't say same with some other gov jobs/posts. Also less than 0.001% people make money more than 1cr pa[8lpm] and I think only few engineer in it/ hard to find.

The rate at which automated code generation tools are improving, how long do you think before this too dries up?? I give these guys 5 years, 10 max.

 

[shade]

@SKC coming to this what does Noida have that other regions lack? why is it difficult to create a Noida elsewhere?
I suppose its the human resource factoe since infra can be bilt anywhere. Gov try to replicate the same in Jhansi but to no success.

It's mainly because it is a planned city, and secondly since it's close to Delhi NCT, same as Gurgaon.
Just planned city won't cut it, else Sri City of AP would also be Lumber 1 since it's physically close to Chennai but i guess that's the Jagan Reddy effect for you

btw East India is a shit show, there is no half-decent metro city anywhere, not for Industry not for anything else.
and definetly not Bihar lol, the state doesn't have the political stability, not do the politicians there have the culture of being business-friendly and the people only want Gormint Jobs.

Anyway I agree they do need to plant a good planned city that is good for some Industry in Eastern India

 

[Suryavanshi]

Tata nagar was a good initiative, just lost with time.

tatanagar still is very succrssful, higher HDI than all Bihar, Jharkhand cities. Goes to show why every tier 4 city need to be planned, you would not see the benefity immediately but definetley some deacde later.

 

[AnantS]

tatanagar still is very succrssful, higher HDI than all Bihar, Jharkhand cities. Goes to show why every tier 4 city need to be planned, you would not see the benefity immediately but definetley some deacde later.

what i meant was initiative was not replicated. Singur could have been same, but alas Momta di had some other plans.

With Singur , both nano and wb would have seen success.

 

[FalconSlayers]

Vietnam is a bigger export market for China than India despite being 8 to 9 times smaller than us in terms of GDP, speaks volumes about who actually is more dependent on chinese components.

tatanagar still is very succrssful, higher HDI than all Bihar, Jharkhand cities. Goes to show why every tier 4 city need to be planned, you would not see the benefity immediately but definetley some deacde later.

Jamshedpur is my dream city dunno why, if you're a Tata Steel employee the city is heaven for you.


Government should spend some money expanding it for industrial growth.

 

[AnantS]

Vietnam is a bigger export market for China than India despite being 8 to 9 times smaller than us in terms of GDP, speaks volumes about who actually is more dependent on chinese components.

Coz Vietnam has become proxy for China to leverage Asian FTA to export to those countries which have created barriers for chinese import like India.

 

[Azaad]

Coz Vietnam has become proxy for China to leverage Asian FTA to export to those countries which have created barriers for chinese import like India.

Add Malaysia Singapore & increasingly in the near future Indonesia to it . Thailand has its own mostly independent production centres around air conditioning products , automotive parts , accessories , rubber products , etc

That FTA we signed with ASEAN is literally bleeding us dry in addition to the trade deficit we're running with China & states we're importing crude oil & gas from.

 

[rithwik123]

 

[FalconSlayers]

104 outlets and expanding, this is what shows the purchasing power of an average Indian is going up quickly.

 

[Crazywithmath]

104 outlets and expanding, this is what shows the purchasing power of an average Indian is going up quickly.

Yep, in the upper section of the income pyramid certainly. In the lower income group, not so much. (Especially post covid) ABV's reforms took years to trickle down into the poor and UPA govt took all the credit; I wonder who will get to claim the results of NDA 2's policies .....
===============================

Yet another mess of NFHS surveys;

Apparently despite increase in consumption and income levels avg height of Indians has actually decreased as per NFHS 2, 3 and 4;

Decrease in average height of adults in India alarming: Study

Adults' average heights in India are decreasing, while global average heights are increasing. According to a new study titled "Trends in adult height in India from 1998 to 2015: Evidence from the National Family and Health Survey," the situation is concerning.

www.wionews.com

While National Institute of Nutrition claims the exact opposite and updated avg heights of males and females to 5.8 ft (5.6 ft earlier) and 5.3 ft (5 ft earlier) respectively.

The decision to revise the average height and weight was taken due to increased intake of nutritional food. For deciding on weight and height, data from the rural as well as the urban areas was considered. Earlier, in 2010 data unlike only urban data was used.

Rising to their Full Height: Indians are Growing Taller

Average height for Indian men is 5.8 ft and that for women is 5.3 ft

www.thehansindia.com

At this point don't even know what to conclude anymore.