Indian Economy: News and Discussion

[InfraMaxxer]

Original article says govt. is going to approve before poll model code of conduct :

https://indianexpress.com/article/business/israeli-chipmaker-tower-closes-in-on-8-billion-fabrication-plant-in-india-9155159/

Yawn, hearing since I was in my mom's womb XD.

 

[shade]

And GoI is sitting on this proposal for decades

It was stuck for like 2 year because Tower Semi was going to merge with Intel, and then it ran into regulatory hurdles and now the merger has been called off.
So now they are free to do this on their own.

 

[thebakofbakchod]

Ignore all these semicon news until construction actually begins like Micron. If you believe the news in the last 4 years, by now we would have had a 20nm fab up and running

 

[thebakofbakchod]

 

[MuffleParch]

- 25% cost savings in talent acquisition
- 50% cost savings in real estate
- 60% of science, arts, eng and tech graduates are from tier 2 and tier 3 cities
- 30% os startups are based in tier 2 and 3
- Vital for new tech hubs : talent, infrastructure, risk and regulatory environment, start-up ecosystem, and social and living environment
- Challenges to establishing tech eco system in the tier 2 sites?

 

[Tshering22]

Nope, Nupur Sharma thingy had no bearing on it.

If anything, it was a Muslim Brotherhood-initiated propaganda operation; orchestrated by our desi jihadis and terror sympathizers championed as liberals by Modi's opposition and western lolbert media. That is a price the GoI gets to pay for getting chummy with MBS and I don't think they will stop conducting covert SM ops anyway - us signing/extending some LNG deals won't influence that. If anything, Al Jazeera will double down on negative portrayal of India to fulfill Qatar's long-held ambitions of acting as the spoke of the so-called global ummah. But the Qatari govt, officially, won't be taking anti-India stances.

Can our media do the same?

Republic TV, India TV, WION, Times Now and Firstpost keep a safe distance from critiquing Western Libs too much, but they can use the same card and highlight how Qatar sponsors Islamic terrorism against other countries, how its institutions are associated with the Muslim Brotherhood and how they are threatening the peace and stability in Asia.

Our media should tear into Qatar and link every single MB-related event to them and create a super-negative and unsafe image about them. Sure, Indian greens and brainwashed secular/communist keralites won't believe it, but the rest of India will.

 

[Tshering22]

India should cross a Trillion $ mark by the end of Modi’s 3rd term in 2029.

Corrected it there for you.

It is unlikely that we will go to the $1 trillion mark because BRICS R5 will be out much before that time. The work is quietly happening behind the scenes as we speak since drawing attention to the project would make the Americans meddle in everything now.

R5 will see a huge demand both within and outside of BRICS due to the following:

1. Saudi, UAE, Iran, and Russia all sell oil & will sell it in R5.
2. China and India are the biggest consumers just within the grouping, making trade in R5 more convenient. Brazil already switched all its trade to Real-Yuan, and moving it to R5 would be easy.
3. Massive subscription of R5 among countries that sell resources to China (50 African countries, Bolivia, Peru, Paraguay, Brazil and Venezuela) since their mutual trade would be preferred on BRICS' terms.
4. R5 will free up other resource-rich countries like Venezuela, North Korea and even fellow BRICS member Iran who can flood the market freely with their resources and countries who cannot afford with other countries or are scared of sanctions will switch a portion of their reserves to R5.

I feel that we may not need to hit $1 trillion in reserves due to rapid changes to the global financial system by then. We will be the founders of a new high-table. Sharing a currency with China would not be such a bad idea at that time, since the Americans will be much more varied and hostile to us in 2029.

R5 will complement the USD and most likely we will keep around $500 billion worth of forex in that currency.

- 25% cost savings in talent acquisition
- 50% cost savings in real estate
- 60% of science, arts, eng and tech graduates are from tier 2 and tier 3 cities
- 30% os startups are based in tier 2 and 3
- Vital for new tech hubs : talent, infrastructure, risk and regulatory environment, start-up ecosystem, and social and living environment
- Challenges to establishing tech eco system in the tier 2 sites?

View attachment 240324

I'd have liked service jobs to move to Gangtok and even Mizoram, and Arunachal Pradesh, but the lack of talented workforce there (most talented northeasterners move to metro cities anyway).

 

[Haldilal]

Ya'll Nibbiars

1 .

Colliers transacts 3.25 lakh sq ft space for Metro Brands in Bhiwandi warehou

Bhiwandi has emerged as one of the most preferred warehousing markets, given its strategic location, stable rentals, and proximity to major city hubs in Thane and Mumbai.

www.hindustantimes.com

2 .

Kinetic Green launches E-Luna, all-electric and stylish avatar of the iconic Luna

Nitin Gadkari, Minister for Road Transport and Highways of GoI, unveiled the E-Luna at a grand function at New Delhi.

ipfonline.com

3 . Ravalgaon Taken over by the RIL's.

Reliance owns Ravalgaon : रावळगावचे मालक अंबानी! महाराष्ट्रातील 82 वर्षे जुनी कंपनी घेतली विकत; 'इतक्या' कोटींची झाली डील

Mukesh Ambani's Reliance Industries: रिलायन्स उद्योग समूहाचे अध्यक्ष मुकेश अंबानी यांनी आणखी एक कंपनी विकत घेतली आहे. रिलायन्स कंझ्युमर प्रॉडक्ट्सने रावळगाव शुग

www.esakal.com

4 .

TruAlt Bioenergy to expand capacity, invest Rs 600 crore for setting up plants - Times of India

India Business News: MUMBAI: TruAlt Bioenergy, which is among the largest biofuel players, is planning to expand its capacity by 2.

timesofindia.indiatimes.com

5 .

https://indianexpress.com/article/cities/pune/cattini-india-manufacturing-facility-250-million-9151819/

 

[thebakofbakchod]

Dirty farmers are back

https://indianexpress.com/article/cities/delhi/prohibitory-orders-northeast-delhi-farmers-protest-march-9155882/

 

[Haldilal]

Ya'll Nibbiars It's all about Money, the Esponisge was just a excuse. The Qatar got a bette4 LNG Deal at the Energy summit. Way better than they could even have got. Means additional burden for our PSU's will try to get details about this.

Qatar frees eight Navy veterans, seven back in India: MEA | India News - Times of India

India News: Eight Indian Navy veterans, who initially faced death sentences in Qatar, were released by Doha on Monday. The capital punishment was later converted

timesofindia.indiatimes.com

 

[spacemarine2023]

Corrected it there for you.

It is unlikely that we will go to the $1 trillion mark because BRICS R5 will be out much before that time. The work is quietly happening behind the scenes as we speak since drawing attention to the project would make the Americans meddle in everything now.

R5 will see a huge demand both within and outside of BRICS due to the following:

1. Saudi, UAE, Iran, and Russia all sell oil & will sell it in R5.
2. China and India are the biggest consumers just within the grouping, making trade in R5 more convenient. Brazil already switched all its trade to Real-Yuan, and moving it to R5 would be easy.
3. Massive subscription of R5 among countries that sell resources to China (50 African countries, Bolivia, Peru, Paraguay, Brazil and Venezuela) since their mutual trade would be preferred on BRICS' terms.
4. R5 will free up other resource-rich countries like Venezuela, North Korea and even fellow BRICS member Iran who can flood the market freely with their resources and countries who cannot afford with other countries or are scared of sanctions will switch a portion of their reserves to R5.

I feel that we may not need to hit $1 trillion in reserves due to rapid changes to the global financial system by then. We will be the founders of a new high-table. Sharing a currency with China would not be such a bad idea at that time, since the Americans will be much more varied and hostile to us in 2029.

R5 will complement the USD and most likely we will keep around $500 billion worth of forex in that currency.

USD One Trillion might be achieved with in 3 years.

India is not interested in any BRICS currency, India is only interested in Indian Currency and US Dollar, its not possible to dismantle US overseas military bases or transactional trade system so it’s unlikely US dollar can be displaced.

No one and no one can in BRICS will ready to bring the real weights behind the so called currency…

 

[Indrajit]

Dirty farmers are back

https://indianexpress.com/article/cities/delhi/prohibitory-orders-northeast-delhi-farmers-protest-march-9155882/

Effective blackmail only invites more of the same.

 

[spacemarine2023]

Effective blackmail only invites more of the same.

only thing these sicks are blackmailing is thr reputation…

 

[Indrajit]

- 25% cost savings in talent acquisition
- 50% cost savings in real estate
- 60% of science, arts, eng and tech graduates are from tier 2 and tier 3 cities
- 30% os startups are based in tier 2 and 3
- Vital for new tech hubs : talent, infrastructure, risk and regulatory environment, start-up ecosystem, and social and living environment
- Challenges to establishing tech eco system in the tier 2 sites?

View attachment 240324

The problem has been in getting engineers/managers in tier 1 cities to move and manage tier 2 centres. No one has been really successful with that in any meaningful way. Most top engineers in Bangalore won't even move to other top tier Indian cities , let alone tier 2 cities. Even with hefty salary increases. It's why Karnataka has really struggled beyond Bangalore. Good in intention but not as easy as it looks.

 

[Indrajit]

only thing these sicks are blackmailing is thr reputation…

They have no reputation they want to protect....

 

[spacemarine2023]

They have no reputation they want to protect....

even after genocide their own Hindu neighbours around 50000+ and around 300k taking refuge in NCR,
The govt of that time ensured no truth comes out in open, media and bambai urduwood did the same.

Sicks never got the treatment they deserved… 1984 was congress puncture putras being used by con leaders to take revenge of Indira Gandoo…

There was no justice provided to Hindus in Panjab here is a video of Capt Amarinder accepting Hindu Genocide committed by his quom only accepting 21000 not accepting the lands which was forcefully taken and rapes

 

[NutCracker]

USD One Trillion might be achieved with in 3 years.

India is not interested in any BRICS currency, India is only interested in Indian Currency and US Dollar, its not possible to dismantle US overseas military bases or transactional trade system so it’s unlikely US dollar can be displaced.

No one and no one can in BRICS will ready to bring the real weights behind the so called currency…

Although in 3 years 1T is not possible, why should we even keep that much reserve. Even the 620B which we are keeping is too much.
750B$ is optimal once we achieve trade surplus, 5T economy in 3 years. GOI should increase the R&D disbursement, mechanization in factories, modernisation in farming, entrepreneur loans for makeinIndia. Then use the surplus to defend the currency, make it stronger that will reflect in the rapid growth in Nominal GDP. (increased productivity and R&D will counter for any decline in export due to the stronger currency).

 

[spacemarine2023]

Although in 3 years 1T is not possible, why should we even keep that much reserve. Even the 620B which we are keeping is too much.
750B$ is optimal once we achieve trade surplus, 5T economy in 3 years. GOI should increase the R&D disbursement, mechanization in factories, modernisation in farming, entrepreneur loans for makeinIndia. Then use the surplus to defend the currency, make it stronger that will reflect in the rapid growth in Nominal GDP. (increased productivity and R&D will counter for any decline in export due to the stronger currency).

One trillion might be hard to achieve in 3 but definitely India will by end of Modi 3rd term and beginning of 4th hopefully..

More forex is required because of US fed getting more n more unpredictable… India doesn’t only require for high import bill but stability of INR…

 

[HariPrasad-1]

We need low tech labour intensive goods to 1) employ this big ass population 2) CAD sword that's always hanging over our heads

This issue is primarily due to 'prosperity island' mindset in development. This only raises the premiumisation of the basic elements needed for industrialisation

1) Cost of Land- since there are only few business friendly areas (parts of MH,GJ, KA, TN for example), this shoots up the real estate prices. Setting up a factory needs cheap land with sufficient infra -electricity, water and road/rail/port connectivity

2) Cost of capital - we were severely underbanked nation until half a decade back. Access to capital was always difficult. Manufacturer can not work at 2%-3% per month interest rate from local moneylender. SMEs still have this issue

3) energy prices - Electricity has been super expensive for commercial use (due to government money flowing to keep discoms afloat). No capacity additions, over dependence on imported coal, "captive" clause for coal blocks allocated to private players, Dilly dallying around nuclear

4) Transportation - yeah you would've read Beijing to Mumbai per ton shipment cost lower than Mumbai to hinterlands of India wala jumla. No highways, freight trains cross subsidizing passenger, and no inland waterways

5) Only labour is cheap, but most of the ITIs are scams

6) Export market access - For obvious reasons, western countries never gave us access to their markets. For reasons known best to God, our Congi government gave South East Asian markets (ergo Assembly lines for China) free access to Indian market thru FTA in 2008 . That ensured that our manufacturing is dead in the waters

Bahut gubaar Bhara hai dil mein

See there are Many aspects to the issue. Small labor intensive manufacturing will certainly add to the employment but will not add much in terms of value. I was talking about the India's Manufacturing strength and strength lies in high tech goods manufacturing. In Low labor intensive businesses, there can be competition but all can not compete in space, high tech car manufacturing or aircraft manufacturing etc. That was My point.

 

[Tejbrahmastra]