Indian Economy: News and Discussion

[RoaringTigerHiddenDragon]

why should Tamilian or any South Indian push for development and prgress when they know that a large part of their hardwork and taxes will be enjoyed by others and not their own ?
How would Chennai or Bangalore compete with Hanoi when they gets only 30% and 14% back from the center and the same has to be redistributed among the entire state popln.

How exactly did TN even get to its present economy? By importing cheap labor and cheap raw material from the north. If these states had labor rates and raw material costs much higher, TN would be at the same level as Bihar. If Punjab with its majority agriculture economy did not supply cheap wheat to TN, then TN would be forced to import expensive wheat from Ukraine and given the war, TamilIan’s would be starving like Porkis. TN is energy starved and because of central power stations like nuclear power and associated transmission investments by the center, TN is actually even able to attract manufacturing jobs.
This argument that taxes from the south go to the north is really a false argument as TN gets a lot of cheap stuff from the north which it would not get if TN was a separate country. The central government heavily subsidizes a lot of the inputs that go into TN’s production and services. Simply talking about taxes alone is a fake argument.

 

[jai jaganath]

The same mistakes are being repeated now. Looking at the way states like Bihar failing to attract Investment we will find ourselves in the same place as we are now. No matter how good Southern and western India performs states like UP, bihar with a per capita around 900, 600$ pull every one down. Until the root cause is addressed India will remain poor at large and our cities keep looking like shit.

Bihar will suck till eternity
But states like UP and odisha will pull up as they are improving a lot right now if u see these states 5-6 years ago changes are huge
Infact up was behind odisha in few sectors but odisha had port access but still didn't perform well
But recently things are going well in these states

 

[FalconSlayers]

The same mistakes are being repeated now. Looking at the way states like Bihar failing to attract Investment we will find ourselves in the same place as we are now. No matter how good Southern and western India performs states like UP, bihar with a per capita around 900, 600$ pull every one down. Until the root cause is addressed India will remain poor at large and our cities keep looking like shit.

UP ad Bihar will sort themselves out but will take much more time since East India was the most exploited by Britturds and UK didn't repay for that.


And our cities look much better than they used to and are only getting better, rest your post is BS.

 

[ezsasa]

For all the deficiencies of SI CM’s and politicians they played a major role to bring Investments to their states in Initial stages and the rest followed due to the existing ecosystem. When was the last time you saw a NI CM going this far for his state ? Despite this members here deride SI and their politicians saying all the development is due to access to Sea. You don’t need a sea port to build an IT park. Why did Lucknow or patna not grow to become a 2nd tier IT city ? Bubaneshwar does far better than Lucknow.

When was the last time Yogi took an initiative to go meet Investors. He still behaves as a mahant of a temple and expects that Investors would come running to him just bcz he built some expressways and tom toms about becoming a 1 Tr $ economy.

it depends on what factors are being considered and aware of to arrive at this assessment.if there are effects today, it is because actions taken in the past, in this case decades in the past.

before 2014 there used to be a acronym called BIMARU. BIMARU happened during era of socialism, people elected governments who promised socialist solutions for all problems, socialism does not take into account economic growth only economic redistribution under state control.

within BIMARU, U itself is as large as pakistan. U started in 2019, with less than 1% of rural household tap water connection now it's 45% in 4 years. the issues that were solved years back in SI, in NI being addressed now. it's not like NI did nothing, they created/expanded indore, gurgaon, and noida and a few more industrial towns.

let me guess, you rely entirely on english news media as information source?

 

[ezsasa]

My only hope is that eastern UP industrializes and it has a ripple effect on surrounding areas. But the state still fails to attract investment outside Noida. If it doesn’t attract investment around the newly built expressways it will be making the same mistake as pak did with its empty motorways. Hopefully Yogi moves beyond his rhetoric on UP summit and does something to seriously attract Investments.

as far as hope is concerned, this entire forum since it started has been waiting for Indian army infantry men to get proper standard equipment across the board, and we are still waiting.

get in the queue.

 

[Crazywithmath]

Which Cheap raw materials were supplied to South from North exactly ?

Jamshedpur and Durgapur were set up because these towns were closer to iron mines but freight equalization policy ensured that the cost of raw materials would remain the same throughout the nation. Thus, it no longer made sense to explore opportunities of setting factories in Bihar or UP because those were landlocked states. While that policy may be gone now; the supply chains and infrastructures were already well established and if you look up the previous pages on this thread you would find that it is incredibly incredibly difficult to relocate supply chains - this is one reason why those imposed tariffs on chinese manufacturers are only going so far. Why do you think Agarwal set up Asia's largest copper smelting plant in TN despite MP, Rajasthan and Jharkhand together accounting for close to 99% of India's entire annual copper production?

The issue is not about taxes from south going to North. It is taxes from south going to North and having little to no impact. Bihar received 1.57 lakh cr in the current fiscal yr in the form of Centers taxes and grants while TN received only abt 67k cr. This figure is even more abysmal fro TG and KA. This gap is only increasing. How long is this way of compensating North sustainable ?

That is exactly how redistribution is supposed to work; as long as the GoI can manage its debts and deficits no need to worry. Also, as someone has already pointed out western UP is doing just fine; it is eastern UP (and Bihar) that needs more attention. TN had a massive road building spree in the 70's and 80's and benefitted from it; these northern states are only getting started.

Our biggest Internal security going forward is the growing disparity between different regions of India and unless this is addressed by pushing Northern states to Industrialize and contribute more we r looking at a very bleak future.

Internal disparity will always exist and coastal states are supposed to be richer - it is the same case pretty much everywhere in the world. Even then, let us be honest - doesn't internal disparity exist across regions in Karnataka or Tamil Nadu? Are all their districts equally prosperous?

 

[Physx32]

Which Cheap raw materials were supplied to South from North exactly ? Moreover SI main diet is baset on rice and not wheat. Our Kaveri and Krishna Godavari basin is as fertile as Pb. Drive around SI to see the crops in our hinterland.
The issue is not about taxes from south going to North. It is taxes from south going to North and having little to no impact. Bihar received 1.57 lakh cr in the current fiscal yr in the form of Centers taxes and grants while TN received only abt 67k cr. This figure is even more abysmal fro TG and KA. This gap is only increasing. How long is this way of compensating North sustainable ?

Our biggest Internal security going forward is the growing disparity between different regions of India and unless this is addressed by pushing Northern states to Industrialize and contribute more we r looking at a very bleak future.

Everyone knows that coastal states (like TN) develops faster than landlocked states (like Bihar). All south Indian states were developed using minerals from east India, so stop your BS rants.

 

[shade]

Everyone knows that coastal states (like TN) develops faster than landlocked states (like Bihar). All south Indian states were developed using minerals from east India, so stop your BS rants.

Did you forget about labour? who does ghulami in all those factories, it's not those who bitch about tax moneys going to naarth


Does Stalin say all this because of the lub for his Aryan Naarthie bros, or because various corporates need the cheap Naarthie labour for their factories?

North Indian labourers coming to Tamil Nadu is only beneficial: Stalin

North Indian labourers coming to Tamil Nadu is only beneficial: Stalin

www.thehindu.com

"Will Protect Our Brothers": Tamil Nadu Chief Minister On Migrants

The police in both states are closely keeping an eye on social media to check rumours about attacks on migrant workers from Bihar.

www.ndtv.com

Before doing rona -e- randi about muh taxes going to naarth, better realize your state's economic prosperity didn't happen in a vaccum

 

[ezsasa]

The Sterlite plant was always in controversy. It was initially supposed to be built in Ratnagiri dt, MH. The local people objected and it moved to TN. They didn’t follow the safety standarda and the locals opposed again. I always wondered why no BJP CM took a cue from Modi amd invite Anil Agarwal to move the plant to their state the same way Modi did with Nano plant. With DFC’s being built and being close to mines southern Raj would have been a good place.

My Initial post was against usual posters on this forum that keep deriding and insulting southern states as if they are the reason for backwardness of India and how Mod’s wouldn’t object to their posts.

last part first, there is information gap in this country and in any large country, not every one has the same amount of information. if one finds wrong assumptions, address the assumptions not the person.

coming to the first part, it's upto the company to decide which state to shift their plant, state governments can only offer incentives, if it makes economic sense in the first place to go shift plant in the first place. if the idea behind the protests is to make the country a net importer of copper from a net exporter, it does not matter which state this vedanta plant comes up, protests will happen.

or the states where copper smelter plants already exist, those companies can also be encouraged to expand their production. vedanta is not the only player in town.

 

[shade]

Household consumption still weak, but private sector capex shows revival

On a nominal basis, gross fixed capital formation (GFCF), a proxy for infrastructure investment, contributed 29.2 per cent to FY23 GDP

www.business-standard.com

Hopefully consoomption also picks up.

 

[Suryavanshi]

point out those minerals or stop your BS.

Iron from east central.
Tamil Nadus own production is not of fine quality and neither is it enough to meet its industrial needs so iron is processed in plants of Karnataks and Jharkhand and brought to TN.
Back in the days of Freight equalization this was a blessing for Southern state and a curse for the mining states.
You underestimate how much it hurt us.

Cotton from Central India.
Those Tirpur fabrics Raw Material do not come from Lemuria.

Bituminous Coal from central india.
Tamil Nadu has lignite cola which has industrial application but is not much useful for power generation. Each day thousands of tons of Coal is transported via goods train
The recent train accident good train war carrying the same.

Labour. I do not need to explain this one.


Tamil Nadu has decent amount of minerals but it has nowhere near enough to meets all of its industrial needs alone.

I can provide more but I think you will get the point.

 

[Suryavanshi]

East central was drained for 40 years straight from 1952 but we didn't complain much.

Now the lemurian says what did we get from you?

I can't make a case for Bihar but Jharkahd and Odisha were the major ones hit.

 

[shade]

Iron from east central.
Tamil Nadus own production is not of fine quality and neither is it enough to meet its industrial needs so iron is processed in plants of Karnataks and Jharkhand and brought to TN.
Back in the days of Freight equalization this was a blessing for Southern state and a curse for the mining states.
You underestimate how much it hurt us.

Cotton from Central India.
Those Tirpur fabrics Raw Material do not come from Lemuria.

Bituminous Coal from central india.
Tamil Nadu has lignite cola which has industrial application but is not much useful for power generation. Each day thousands of tons of Coal is transported via goods train
The recent train accident good train war carrying the same.

Labour. I do not need to explain this one.


Tamil Nadu has decent amount of minerals but it has nowhere near enough to meets all of its industrial needs alone.

I can provide more but I think you will get the point.

East central was drained for 40 years straight from 1952 but we didn't complain much.

Now the lemurian says what did we get from you?

I can't make a case for Bihar but Jharkahd and Odisha were the major ones hit.

This is an atrocity on the scale of the Aryan Invasion on our poor Lemurian
His l*ndmass of low-effort "muh tax monies go to naarthie" narrative sunk beneath the ocean of facts just like Lemuria did

 

[Suryavanshi]

Lemurian got 1 hour time and this is the best he could shit out.

 

[Crazywithmath]

The Sterlite plant was always in controversy. It was initially supposed to be built in Ratnagiri dt, MH. The local people objected and it moved to TN. They didn’t follow the safety standarda and the locals opposed again. I always wondered why no BJP CM took a cue from Modi amd invite Anil Agarwal to move the plant to their state the same way Modi did with Nano plant. With DFC’s being built and being close to mines southern Raj would have been a good place.

Again, let us be honest here; those church backed protests (amplified by local TN media controlled by you know who) had nothing to do with 'safety standards' ; let us not pretend to be naive here. If you were following this thread closely you would know that a 0.5 MTPA copper smelter (Kutch Copper Ltd) is being constructed in Gujarat by the Adanis; it is a different matter that things slowed down a bit post Hindenberg saga.

Anyway, coming back to the point, the fact that coastal stares are favoured over mineral rich northern states is a legacy of the freight equalisation policy and no serious policy maker disputes it. It is a different matter that TN, KA and Andhra were more efficient compared to say, Kerala who sat back and never really bothered to woo industrialists.

My Initial post was against usual posters on this forum that keep deriding and insulting southern states as if they are the reason for backwardness of India and how Mod’s wouldn’t object to their posts.

Every freaking day there are articles posted on southern states attracting investments, signing MoUs, breaking export records and what not. TN and KA's labour reforms were praised. After policy U turn TN's CM was deservedly mocked. Ultimately some hyperbole would always be there; you seem to be new here. You probably do not know how much the BJP CMs of northern states are abused here.

 

[Heat]

East/Central got drained for the benefit of who ? And what percentage of it benefitted south. And how does it anyway make any sense to my Initial post ?

What is lemurian ? Is it a bastardized word for tamilians ? If so I am not one. It doesn’t affect me.

Freight Equalization Policy
Go through the article. You will understand the context.

 

[Azaad]

freebie muncher bihari have all the time in the world to thook paan and reply in seconds. I am not one of them.

You used this single track argument of North vs South a few yrs ago on Strat Front too , in the political thread section there contributing significantly to inflaming the atmosphere there eventually resulting in a few permabans notably to Guynextdoor who doesn't need another invitation to kick sh!t .

Few years down the line the game continues , this time in a different forum in a different thread. Some things never change . For everything else there's MasterCard.

 

[Arjun Mk1A]

freebie muncher bihari have all the time in the world to thook paan and reply in seconds. I am not one of them.

Literally DMK sucked this Bihari Brahmin to win elections. Pretty rich to abuse Bihari people when they are the major workforce in Tirupur while our tamil folks are more interested to stand in queue for liquor which our Ministers are happy to sell.

 

[Azaad]

View attachment 208773

Literally DMK sucked this Bihari Brahmin to win elections. Pretty rich to abuse Bihari people when they are the major workforce in Tirupur while our tamil folks are more interested to stand in queue for liquor which our Ministers are happy to sell.

TASMAC ensures free rations , free travel to women , free education to the girl child , free everything .. That's the kind of sacrifice an average drunk Tamilian makes.

What the lord giveth with one arm me taketh with the other. Also true of GMK - Gulti Munnetra Kazhagam.

 

[Heat]

Its not southern CM’s but southern people are being abused here. That too by a section who did the least for this country.

Ohoho buddy, let's not even jump into the discussion of who did least for the nation, escpecially when it actually needed help. It will not end well for you.