Indian Economy: News and Discussion

[FalconSlayers]

@ezsasa related to the old base year still being used

 

[ezsasa]

@ezsasa related to the old base year still being used

this is coming out of a debate going on among India's top statisticians for past few months.

========
I was planning a rejoinder to Dr @pcmohanan & Prof Amitabh Kundu (“Narrative in search of data” IE July 12)- it’s a rebuttal to my initial column. But I think Dr Mohanan has done a fantastic job of it himself in interview below- “whole thing cannot be blamed on the narrative.”

 

[FalconSlayers]

Vishwaguru supa powa loading

 

[SammyBoi111]

@FalconSlayers achhe samachar ke liye thoda intezaar kar lete....

 

[FalconSlayers]

@FalconSlayers achhe samachar ke liye thoda intezaar kar lete....

Although great achievement but cute of you to think that around $16 billion dollars worth of annual smartphone exports is alone going to help us. Even if it reaches $70 billion by 2030 it will still remain very minute. Fresh investments need to come to make sure our industrial output doesn't grow at usual 4 to 5 percent every month.

BangBros have overtaken India in exports per capita even though most of it is textiles, which will be problematic for them in future, its still a worrying trend.

 

[FalconSlayers]

Oh my gawd tf has suddenly happened? Looks like the Lithium mining news has brought senses to some biggies.

BYD seeks nod for $1 billion plan to build EVs, batteries in India

BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, the people said, asking not to be named because the application is private. The longer-term plan is to build a full line-up of BYD-brand EVs in...

economictimes.indiatimes.com

Gormint should make sure this happens. Even if a chink firm.
Isn't olectra already making them here?

 

[FalconSlayers]

 

[SKC]

Oh my gawd tf has suddenly happened? Looks like the Lithium mining news has brought senses to some biggies.

BYD seeks nod for $1 billion plan to build EVs, batteries in India

BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, the people said, asking not to be named because the application is private. The longer-term plan is to build a full line-up of BYD-brand EVs in...

economictimes.indiatimes.com

Gormint should make sure this happens. Even if a chink firm.
Isn't olectra already making them here?

EV Bus Sales as per FADA.
Some states do not report on time.
So no would be higher.

Our local players are having 20-25 times sales figure of outsiders.

 

[FalconSlayers]

View attachment 214441

EV Bus Sales as per FADA.
Some states do not report on time.
So no would be higher.

Our local players are having 20-25 times sales figure of outsiders.

Hope its export oriented, if Tesla and BYD actually end up producing here, it would be a major W similar to getting Apple here.

 

[JackBauer]

I have a question which I haven't been able to find an answer to for the past couple of days. This is the only thread which maybe somewhat relevant.

So last week I met an interesting character while covering a news segment for something else entirely. This man was a "Prepper". First one I have seen or heard of in India. I mean this guy wasn't as much of an idiot as the preppers we see in USA. He was smart and was just thinking ahead for his family. One thing he said really stuck with me.

He said India's current financial infrastructure just isn't ready for a massive solar flare. He said earth missed one by just a couple of hours less than a decade ago. So I researched further and found out that massive solar flares can knockout satellites and shortout electronics.

So my question is if such an event strikes earth tomorrow are the servers in our Indian banks capable enough to keep my financial data protected? Will I lose all my money? What about my other financial data?

 

[FalconSlayers]

This place has more offices under construction than effin Shenzhen

They'll easily touch $10 billion by 2030

 

[SKC]

Cross-posting here from Automotive Thread:

Updates from TBHP (credits: OP)

Mid Year Analysis:

Sales are on a roll and this is the first Half Year where we see sales cross the 2 MILLION MARK!!! �� We are on our way for sure to hit the 4 million mark in 2023-24

Maruti has grown 9.9% during these first 6 months over the same period last year. But hold your breath and see these numbers. Their SUVs grew at a whopping 66%, their sedans which include the famed Dzire fell 17%, MUVs (which includes the brilliant Ertiga) for whatever reasons have gone down 11%, and the hatches have grown a steady 6%. Their foray into the Mid-Sized SUV segment with the Grand Vitara as well as the great performance of the Vitara Brezza has saved them big time.

*Tata Motors'*sales growth seems to be floundering now. Their SUV growth has been a tepid 3% but it is their growth of 38% in the hatchback segment that is helping them show an overall growth of 9%. Their Harrier and Safari twins have degrown by 19% due to a lot of the sales having shifted to the new Scorpio. The Scorpio has grown by 127% and even the mightly XUV700 has shown only a 3% growth

Creta turned out to be the top SUV of the month once again. Its mid-year growth is a fantastic 23% over the first 6 months of last year

Amongst cars that have an average monthly sales of at least a 1000, the Scorpio/Scorpio-N, the Verna, Tiago, Fortuner and Hector stand in the top 5 list for maximum growth in the first 6 months of this year compared to the same period last year. The cars that are losing the max are the Renault Kwid which is down 50%, Celerio, S-Presso, City and Kiger. The sixth worst performer in this list is, hold your breath, the Ertiga! Down 28%. Are these signs of a new Ertiga on the block?

 

[tommy]

ADATA makes memory modules, i.e RAM sticks that go into PCs, Servers and some laptops
This is what a laptop DIMM module/RAM stick looks like

View attachment 214327

They also made SSDs and other adjacent items.

ADATA is also a small player in these markets, like RAM stick module market is dominated by Corsair, Gskill for consumer and your DRAM chip makers like Samsung, SK Hynix and Micron for business and OEM markets.
So if a small company is so confident in India, big companies must not be far out.

How are ADATA's RAM modules? I found them to be cheaper than the rest.

 

[Crazywithmath]

BangBros have overtaken India in exports per capita even though most of it is textiles, which will be problematic for them in future, its still a worrying trend.

They haven't if you take UNFPA projections into account. As for BD's official estimates, we all know how 'reliable' those are.

More specifically, as far as their RMG exports are concerned;

A rise in prices of raw materials globally and worldwide supply chain disruptions have led to value addition in readymade garment (RMG) products in Bangladesh dropping to a record low of 54.37 per cent in the fiscal 2021-22 (FY22) from 59 per cent in FY21, according to a Bangladesh Bank report. Value addition had started declining since FY20, the bank data showed.


The value addition in FY20 decreased to 56.84 per cent from 64.32 per cent in FY19. Though value addition in RMG products slightly increased in FY21, it showed a downward trend in the first half of FY22.

Value addition dropped to 55.80 per cent in the July-December period in 2021-22.

Value addition in Bangladesh's RMG industry hits record low in FY22

Read about Value addition in Bangladesh's RMG industry hits record low in FY22 and more news related to apparel industry at Fibre2Fashion

www.fibre2fashion.com

The value addition remained lower than the pre-pandemic 64.32 per cent in fiscal 2018-19, the data showed.

Bangladesh is dependent on imported raw materials like cotton, petrochemicals and chemicals, despite being the second largest exporter of RMG.

Everything imported from you know where.

Basically, India keeps pulling a 'Vietnam' on them (albeit on a smaller scale).

There is a reason why the highest slab is imposed on cement;

The real reason for 28% GST on cement

The government stands to lose if benefits of a GST rate cut on cement is not passed on to consumers

www.livemint.com

 

[FalconSlayers]

Under normal circumstances it should be at $4.2 trillion.

 

[thebakofbakchod]

https://www.business-standard.com/india-news/elista-to-invest-rs-100-cr-to-set-up-manufacturing-plant-in-andhra-123071300956_1.html

Their 2nd plant. Not sure if they have even started works on their first, which they announced 4 months back

Elista to set up manufacturing plant in Kadapa with ₹250 cr

This state-of-the-art plant will be spread over 1,32,300 square feet and will have a production capacity of 10,00,000 TVs & 10,00,000 LED monitors annually

www.thehindubusinessline.com

 

[shade]

I have a question which I haven't been able to find an answer to for the past couple of days. This is the only thread which maybe somewhat relevant.

So last week I met an interesting character while covering a news segment for something else entirely. This man was a "Prepper". First one I have seen or heard of in India. I mean this guy wasn't as much of an idiot as the preppers we see in USA. He was smart and was just thinking ahead for his family. One thing he said really stuck with me.

He said India's current financial infrastructure just isn't ready for a massive solar flare. He said earth missed one by just a couple of hours less than a decade ago. So I researched further and found out that massive solar flares can knockout satellites and shortout electronics.

So my question is if such an event strikes earth tomorrow are the servers in our Indian banks capable enough to keep my financial data protected? Will I lose all my money? What about my other financial data?

Solar flare bohot door ki baat hai.
So he's as crazy as amerimutt preppers.

Here you need to worry about an eventual out of control riot or hyper-inflation which will also burn your money sitting in bank.

btw solar flare is a natural EMP.

 

[Crazywithmath]

Oh my gawd tf has suddenly happened? Looks like the Lithium mining news has brought senses to some biggies.

BYD seeks nod for $1 billion plan to build EVs, batteries in India

BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, the people said, asking not to be named because the application is private. The longer-term plan is to build a full line-up of BYD-brand EVs in...

economictimes.indiatimes.com

Gormint should make sure this happens. Even if a chink firm.
Isn't olectra already making them here?

They did not let Great Wall Motors in and are forcing a domestic takeover of MG; EV is an important strategic sector - no way they would let a market leader like BYD in. Also look how they are proposing a 'JV' not with Tatas, Mahindra or Eicher but with Megha who have no expertise in EVs. BYD has been eyeing Indian market for years now; nothing worked yet so engaging in innovative shithousery like proposing JVs with newbies. It is ok to let Apple in because we don't have domestic competitors; in automobiles we definitely do - hope babus don't fuck it up.

 

[shade]

So.. Foxconn got out of joint venture with vedanta to avail of subsidy benefits alone...

Foxconn may partner with TSMC and TMH to set up fab units

Foxconn is likely to soon finalise the details of the partnership to manufacture both advanced and legacy node chips, a source close to the development told ET.

m.economictimes.com

It's just jhumlebaazi.
Will believe when Foxconn actually anounces something.
"Sources" also said that Vedanta was going to have STMicroelectronics as tech partner but kya hua uska
I'm telling you we need a Maruti Udyog type setup + tech partner, not shady/cowardly/poor private suit-boots to get the fabrication industry started here, afterwards govt can divest.

 

[thebakofbakchod]

They did not let Great Wall Motors in; EV is an important strategic sector - no way they would let a market leader like BYD in. Also look how they are proposing a 'JV' not with Tatas, Mahindra or Eicher but with Megha who have no expertise in EVs. BYD has been eyeing Indian market for years now; nothing worked yet so engaging in innovative shithousery like proposing JVs with newbies. It is ok to let Apple in because we don't have domestic competitors; in automobiles we definitely do - hope babus don't fuck it up.

Their partner is MEIL because they already have a JV with them. Olectra greentech is more or less rebadged BYD buses. They have proposed a large manufacturing plant at Seetharampur Industrial Park, but the fact that the investment is only 500 crores tells you it is mostly screwdrivering imported components.