Indian Economy: News and Discussion

[nongaddarliberal]

So at current prices, GDP is 272 lakh crore, which if
converted at current exchange rate amounts to 3.3 trillion USD. I know they take the average value of the exchange rate, but that's still not going to yield 3.7 trillion. Printing more rupees won't do as that only leads to more inflation and devaluation.

Rupee devaluation is giving a major L to our nominal GDP growth measured in current prices, which is how GDP's of countries are compared.

Wait, 272 lakh crore is for 22-23. Not able to find the figure for 23-24. That would be 12 -15% higher I think.

 

[FalconSlayers]

So at current prices, GDP is 272 lakh crore, which if
converted at current exchange rate amounts to 3.3 trillion USD. I know they take the average value of the exchange rate, but that's still not going to yield 3.7 trillion. Printing more rupees won't do as that only leads to more inflation and devaluation.

Rupee devaluation is giving a major L to our nominal GDP growth measured in current prices, which is how GDP's of countries are compared.

Because 272 lakh crore is the data for past year 2022-23. This year its projected by RBI at 301 lakh crore.

 

[Tejbrahmastra]

So at current prices, GDP is 272 lakh crore, which if
converted at current exchange rate amounts to 3.3 trillion USD. I know they take the average value of the exchange rate, but that's still not going to yield 3.7 trillion. Printing more rupees won't do as that only leads to more inflation and devaluation.

Rupee devaluation is giving a major L to our nominal GDP growth measured in current prices, which is how GDP's of countries are compared.

I don't think that devaluation/strengthening effects GDP measurement. GDP measurement should be independent of that. Although it does effect import/export, which eventually effects GDP, but not directly. Also if that were the case China could simply increase their GDP by 20-40% as their Yuan is devalued by around same percentage, in a blink of an eye. Same could be done by all export nations, as their currency are usually stronger.

 

[Haldilal]

Ya'll Nibbiars

The FDI FACTSHEET FOR FY 2022 to 2023.

Top 10 States in FDI.

1 . MAHARASHTRA - 1,18,422 Crore rupees, 14.8 Billion dollars.

2 . Karnataka - 83,628 Crore rupees, 10.4Billion dollars.

3 . Delhi - 60,119 Crore rupees, 7.5 BIllinois dollars.

4. Gujarat - 37,059 Crore rupees, 4.7 billion dollars.

5 . Haryana - 20,735 Crore rupees, 2.6 billion dollars.

6 . Tamil Nadu - 17,247 Crore rupees, 2.1 billion dollars.

7 . Telangana - 10,319 Crore rupees, 1.3 billion dollars.

8 . Rajasthan - 7,218 Crore rupees, 910 Million dollars.

9 . West Bengal - 3,217 Crore rupees, 394 Million dollars.

10 . Jharkhand - 2989 Crore rupees, 374 Million dollars.

 

[FalconSlayers]

India GDP Q4 LIVE Updates: A look at RBI'S balance sheet

RBI'S balance sheet increased by 2.5 per cent for the year ended on March 31 to about Rs 63.45 lakh crore on higher income, according to the central bank's annual report. The balance sheet of the RBI plays a critical role in the functioning of the country's economy. It largely reflects the activities carried out in pursuance of its currency issue function as well as monetary policy and reserve management objectives.

 

[ezsasa]

India GDP Q4 LIVE Updates: A look at RBI'S balance sheet

RBI'S balance sheet increased by 2.5 per cent for the year ended on March 31 to about Rs 63.45 lakh crore on higher income, according to the central bank's annual report. The balance sheet of the RBI plays a critical role in the functioning of the country's economy. It largely reflects the activities carried out in pursuance of its currency issue function as well as monetary policy and reserve management objectives.

even latha venkatesh of CNBC is sounding optimistic today, something is wrong with the matrix..

 

[AK047]

even latha venkatesh of CNBC is sounding optimistic today, something is wrong with the matrix..

5.1 percent on revised GDP right?? Because even in Q3 GDP growth would have been 5.1 percent if earlier data wasn’t revised…

 

[ezsasa]

5.1 percent on revised GDP right?? Because even in Q3 GDP growth would have been 5.1 percent if earlier data wasn’t revised…

that's a poll they have conducted, let the official data be released first.
anyways the first numbers are not the final numbers, 2RE is the final number which comes a year later. recent trend has been that 2RE is more than first release estimates, because more data is incorporated as they come.

 

[FalconSlayers]

 

[nongaddarliberal]

I don't think that devaluation/strengthening effects GDP measurement. GDP measurement should be independent of that. Although it does effect import/export, which eventually effects GDP, but not directly. Also if that were the case China could simply increase their GDP by 20-40% as their Yuan is devalued by around same percentage, in a blink of an eye. Same could be done by all export nations, as their currency are usually stronger.

Nominal GDP in dollar terms is your current GDP in local currency converted to its average dollar value in a year.

 

[FalconSlayers]

Based

 

[SammyBoi111]

Noice.

 

[FalconSlayers]

View attachment 208131

Services ka choda RRR would be weeping bad

 

[Suryavanshi]

Services ka choda RRR would be weeping bad

I dont know why RRR felt like Service sector can be created in vaccum. Its like he skipped basic economcis. Tertiary sector is built on top of Primary and secondary sectors. There are very few pure service sectors like Social Media and Entertainment Industry. Everything else is based on production and consumption of resources. high radius handles account of Adidasn sale outlets. but wthout adidas what would high radius do?
Maybe he inteneded to attract service request for every country other than our own.

 

[aragonishere]

Indian rupee may rebound to as strong as 80 per dollar as easing crude prices and rising services exports also help narrow the country's current-account deficit
India’s rupee is set to bounce back from near an all-time low as the central bank slows its dollar purchases, according to Citigroup.

Citigroup says rupee is set to rebound from near record low

The currency may rebound to as strong as 80 per dollar as easing crude prices and rising services exports also help narrow the nation’s current-account deficit, said Aditya Bagree, head of markets for India and South Asia at the bank in Mumbai.

www.moneycontrol.com

 

[Tejbrahmastra]

 

[MuffleParch]

Noice.

One of the key risks noted in this article that we must pay attention to "a fragmented general election outcome in 2024" which will for sure lead to major policy changes and in turn drop in investor confidence.

 

[another_armchair]

I dont know why RRR felt like Service sector can be created in vaccum. Its like he skipped basic economcis. Tertiary sector is built on top of Primary and secondary sectors. There are very few pure service sectors like Social Media and Entertainment Industry. Everything else is based on production and consumption of resources. high radius handles account of Adidasn sale outlets. but wthout adidas what would high radius do?
Maybe he inteneded to attract service request for every country other than our own.

Rajan is compelled to make political commentary disguised as economic advice.

Just returning the favor.

.. and in doing so, he is making a complete ass out of himself.

 

[AK047]

India’s GDP growth at 6.1 percent for Q4

India's GDP grows 6.1 per cent in Q4, FY23 growth pegged at 7.2 per cent

Indias GDP grew at 6.1% in the last quarter of the previous fiscal year, beating analyst estimates, with overall growth for the next fiscal year predicted to be 7.2%. The Reserve Bank of India (RBI) had predicted Q4FY23 real GDP growth to be 5.1% and SBI Research expected a growth rate of 5.5%.

m.economictimes.com

 

[Tejbrahmastra]

India’s GDP growth at 6.1 percent for Q4

India's GDP grows 6.1 per cent in Q4, FY23 growth pegged at 7.2 per cent

Indias GDP grew at 6.1% in the last quarter of the previous fiscal year, beating analyst estimates, with overall growth for the next fiscal year predicted to be 7.2%. The Reserve Bank of India (RBI) had predicted Q4FY23 real GDP growth to be 5.1% and SBI Research expected a growth rate of 5.5%.

m.economictimes.com

WTF, most of us were barely expecting ~5% in Q4