Indian Economy: News and Discussion

Kumata

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Either increase the f##king salaries or bring down the valuation of INR to its original value as it was between 40s to 70s.
Neither you are SC or ST or OBC or mullah nor Vote bank.. U r fuckking salaried tax payer working in pvt sector.. u have no rights ... Wait for next THANK YOU from hon FM JNU TAI.. today Bangalore got THANK YOU for paying taxes and tolerating shitty infra... U shud work 24 hr a day ...

Before @ezsasa Fires me.. here is source


think she is planning to contest there..
 

another_armchair

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Neither you are SC or ST or OBC or mullah nor Vote bank.. U r fuckking salaried tax payer working in pvt sector.. u have no rights ... Wait for next THANK YOU from hon FM JNU TAI.. today Bangalore got THANK YOU for paying taxes and tolerating shitty infra... U shud work 24 hr a day ...
Man, people are still coping so bad that they want her to fix roads, build metro and want bisleri to flow from their taps.

Meanwhile, Congress :pound:
 

Atavistic

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Man, people are still coping so bad that they want her to fix roads, build metro and want bisleri to flow from their taps.

Meanwhile, Congress :pound:
Then who's gonna do it ? elon musk ? Everybody knows congress is hopeless thats why people voted bhajipao in 2018 and they didn't do sheit. Their local netas are worse than congressis.
 

ezsasa

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Neither you are SC or ST or OBC or mullah nor Vote bank.. U r fuckking salaried tax payer working in pvt sector.. u have no rights ... Wait for next THANK YOU from hon FM JNU TAI.. today Bangalore got THANK YOU for paying taxes and tolerating shitty infra... U shud work 24 hr a day ...

Before @ezsasa Fires me.. here is source


think she is planning to contest there..
looks like she knew you were going post this today.

 

another_armchair

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I was just trying to RUB it in in a subtle way :D :D

Last assholes were busy smashing shop boards with english all over...Hope you all are getting Kauvery water..:p
Our society doesn't have cauvery water connection. Builder fucked up and the RWA has tried every trick in the book to get Cauvery water but no use.

We rely on borewell water and water tankers. Serious water scarcity in Bangalore coz of scanty rain last year.

Our RWA is spending ~14L a month on tanker water which could likely go up as water tanker charges try to catch up with Nifty.

Added later - We have 8 hour long scheduled water cuts to 'conserve' water.. and this is in South Bangalore. Sarjapur, Whitefield are worse off. Individual houses are the worst affected because their requirement is less so even though they are willing to spend money, tanker owners would rather stick to RWA's with whom they have long term supply contracts.

Might have to move out of Bangalore if rains fail this year too. Summer will be quite rough.
 
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Kumata

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Our society doesn't have cauvery water connection. Builder fucked up and the RWA has tried every trick in the book to get Cauvery water but no use.

We rely on borewell water and water tankers. Serious water scarcity in Bangalore coz of scanty rain last year.

Our RWA is spending ~14L a month on tanker water which could likely go up as water tanker charges try to catch up with Nifty.

Added later - We have 8 hour long scheduled water cuts to 'conserve' water.. and this is in South Bangalore. Sarjapur, Whitefield are worse off. Individual houses are the worst affected because their requirement is less so even though they are willing to spend money, tanker owners would rather stick to RWA's with whom they have long term supply contracts.

Might have to move out of Bangalore if rains fail this year too. Summer will be quite rough.
Yeah... water table is screwed up... but we are goring at 8% so are good.. no worries!!!!
 

nongaddarliberal

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RBI and Govt. are being very conservative in estimating growth in order to avoid brickbats from the opposition but if one has been tracking PMI growth (manufacturing & services) over the last year, the numbers don't seem off at all.

IMO they seem a little on the lower side given our exports(goods+services) hit USD 779 billion in 2022 after remaining in a range between USD 490 and USD 550 billion between 2017 & 2020.


View attachment 242323
Exports and forex have remained stagnant since 2022. They need to figure out how to grow these 2 in lock step with the domestic economy, otherwise the growth in energy and foreign tech imports required for overall GDP growth will not be available.
 

Crazywithmath

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RBI and Govt. are being very conservative in estimating growth in order to avoid brickbats from the opposition but if one has been tracking PMI growth (manufacturing & services) over the last year, the numbers don't seem off at all.

IMO they seem a little on the lower side given our exports(goods+services) hit USD 779 billion in 2022 after remaining in a range between USD 490 and USD 550 billion between 2017 & 2020.


View attachment 242323
They are hyper conservative over the deficit side and revenue growth too.

If you remove the reserves part, as per REER index INR is overvalued . It should be 90+.
I seriously doubt USDINR will ever cross 90; provided NDA wins 2024 and 2029 LS polls.

Exports and forex have remained stagnant since 2022. They need to figure out how to grow these 2 in lock step with the domestic economy, otherwise the growth in energy and foreign tech imports required for overall GDP growth will not be available.
Huh?



Exports did decently back in FY 2022-23. Only this year, there seems to be some stagnation because the global economy is messed up.
 
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