Indian Economy: News and Discussion

[FalconSlayers]

 

[sameer3694]

Global toy majors shifting focus from China to India, exports jumped 239%

From a low base but still good.

https://www.business-standard.com/industry/news/global-toy-majors-shifting-focus-from-china-to-india-exports-jumped-239-124031700210_1.html

 

[Crazywithmath]

Ya'll Nibbiars

View attachment 243969

Another Olectra in making? Or a genuine manufacturer?

Interesting information and perspective! Bangladesh and Vietnam not outpacing India:

Vietnam And Bangladesh Are Not Outpacing India — Here Are The Facts

On 11 March 2024, author and economist Sanjeev Sanyal posted a thread on X (formerly Twitter), in which he made a factual analysis of two big accusations on the Indian economy

swarajyamag.com

Being a government official, he could not point out the obvious instances of the BBS doctoring their data at will or their voodoo taka-US$ peg (just to keep their graments lobby happy) but it does seem like Sanjeev Sanyal keeps visiting our DFI thrads



@gslv markIII

@FalconSlayers

@Cheran

@ezsasa



Also like the fact that he wrote on Vietnam specifically - throughout the past 15 years, despite all the hype created by gora mediawallahs, Vietnam has experienced real growth similar to us (in fact, in the post covid period their economy has consistently underperformed). India used to lose out beacuse of its exchange rates only.

 

[Crazywithmath]

If 30%-40% of your population is poorly educated , stunted and hence mentally retarded, you can never achieve full potential of your population.

As the saying goes "Facts don't care aout your feeling". All countries that became developed, solved these problems in their developing phase.

India ranks 40th at the most recent edition of the WIPO published global innovation rankings; Vietnam ranks 46th. They lag behind India in overall economic complexity as well.

As far as the previous East Asian tigers are concerned, their achievements speak for themselves - you don't really need PISA scores to realize how great the Japanese and Koreans are at innovating, researching pure science/maths or launching successful scalable businesses, do you?

And PISA scores are as useless as India's own NFHS data (on stunting, malnutrition etc) which not even the GoI takes seriously.

https://indianexpress.com/article/opinion/columns/shamika-ravi-writes-our-national-surveys-are-based-on-faulty-sampling-8799300/

Stunting leads to poor cognition ability. Infact around 20% of Indian kids suffer from wasting, i.e., extreme form of stunting. :

At 18.7%, India's child-wasting rate highest on hunger index | India News - Times of India

India News: India's low ranking in the Global Hunger Index reflects various factors such as undernourishment, child stunting, child wasting, and child mortality.

timesofindia.indiatimes.com

Hunger Index? Really?



@Physx32 once wrote a nice counter to the claims made by these so-called education indices (PISA included); it might be a hassle to dig up old posts but do consider checking them out.

Good.. open the flood gates to imports. Local industry be damned.

Don't think the already established manufacturers would be affected tbh - this move seems to be an attempt to lure Tesla and Tesla only. They won't open the floodgates for cheenis or Europeans (European automakers are involved in at least some degree of domestic manufacturing anyway).

 

[GaudaNaresh]

If 30%-40% of your population is poorly educated , stunted and hence mentally retarded, you can never achieve full potential of your population.

As the saying goes "Facts don't care aout your feeling". All countries that became developed, solved these problems in their developing phase.

So despite 30-40% of our population being poorly educated and stunted, we are still better than you westerners in your own country at everything by a country mile. Even without full potential of our population we are still owning you in your own homeland at everything and the gap between Indians & Asians and whites is far greater than the gap between whites and negroes at everything.

Sorry, facts don't care about your feelings and fact is, your values = shit and cannot compete with ours.

 

[Shuturmurg]

India ranks 40th at the most recent edition of the WIPO published global innovation rankings; Vietnam ranks 46th. They lag behind India in overall economic complexity as well.

As far as the previous East Asian tigers are concerned, their achievements speak for themselves - you don't really need PISA scores to realize how great the Japanese and Koreans are at innovating, researching pure science/maths or launching successful scalable businesses, do you?

And PISA scores are as useless as India's own NFHS data (on stunting, malnutrition etc) which not even the GoI takes seriously.

https://indianexpress.com/article/opinion/columns/shamika-ravi-writes-our-national-surveys-are-based-on-faulty-sampling-8799300/

@Physx32 once wrote a nice counter to the claims made by these so-called education indices (PISA included); it might be a hassle to dig up old posts but do consider checking them out.

Govt. cannot fix its own data. What dumb fuckery is that. There is no country that has become developed without solving basic education (class 1-12).

As far as innovation ranking is concerned, it supports my point as its not per capita. 30% of India population > Vietnam total population.

That 30% get good education and hence can create more innovation and complex products. But lower 30% can never join the economy created by the top 30%, because the bottom 30% is not equipped to join the complex economy created by top 30%. In Vietnam they can, hence you will see Vietnam will keep outpacing India in GDP per capita.

 

[Crazywithmath]

Stunting leads to poor cognition ability. Infact around 20% of Indian kids suffer from wasting, i.e., extreme form of stunting. :

At 18.7%, India's child-wasting rate highest on hunger index | India News - Times of India

India News: India's low ranking in the Global Hunger Index reflects various factors such as undernourishment, child stunting, child wasting, and child mortality.

timesofindia.indiatimes.com

Hunger Index? Really?



Look up the recently published household consumption expenditure survey - Indians are not struggling to consume enough food at all!



Only a statistically illiterate person would take the random surveys published by the jhollachaps at a bunch of foreign NGOs seriously - especially when even the govt funded NFHS surveys are routinely trashed for their outdated methodologies and perceived rural bias. How exactly do you expect the goras to do better than the GoI here?

 

[GaudaNaresh]

Govt. cannot fix its own data. What dumb fuckery is that. There is no country that has become developed without solving basic education (class 1-12).

As far as innovation ranking is concerned, it supports my point as its not per capita. 30% of India population > Vietnam total population.

That 30% get good education and hence can create more innovation and complex products. But lower 30% can never join the economy created by the top 30%, because the bottom 30% is not equipped to join the complex economy created by top 30%. In Vietnam they can, hence you will see Vietnam will keep outpacing India in GDP per capita.

Big talk for a country whos bottom 30% are the in the worst position amongst bottom 30% of the developed world.
GDP per capita is not very relevant. Not when you create money outta thin air by printing trillions and your growth is entirely funded by exporting your debt to Asia.

 

[Crazywithmath]

Govt. cannot fix its own data. What dumb fuckery is that.

Govt data is a big fucking problem (outdated base years, methodologies, outdated definition of urban-rual divide) and I have written multiple posts on it. Truth be told, it is an insanely difficult exercise to collect, refine and analyze raw data in a nation as large and as diverse as India. As the nation gets richer I expect greater accountability from the government.

There is no country that has become developed without solving basic education (class 1-12).

There is no reliable peer reviewed analysis to conclude anything meaningful on India's primary/secondary education. I can, however, point to a few indirect indicators (all of whom show marked improvement in India's secondary/tertiary education system) but I am pretty sure it won't convince you so not going there.

As far as innovation ranking is concerned, it supports my point as its not per capita. 30% of India population > Vietnam total population.

This is precisely why you should not jump to conclusions without going through the source materials.

Global Innovation Index

www.wipo.int

And how exactly are population and economic complexity correlated? Don't do per capita kanging everywhere.

That 30% get good education and hence can create more innovation and complex products. But lower 30% can never join the economy created by the top 30%, because the bottom 30% is not equipped to join the complex economy created by top 30%.

Wild generalization. Citation needed.

In Vietnam they can, hence you will see Vietnam will keep outpacing India in GDP per capita.

Vietnam had a head start over India (they started opening their economy before us and at a much faster pace). Even then following are the real growth figures of both these nations;


FY -- India -- Vietnam
2013 -- 6.9% -- 5.6%
2014 -- 7.2% -- 6.4%
2015 -- 7.6% -- 7%
2016 -- 7.1% -- 6.7%
2017 -- 7% -- 6.9%
2018 -- 6.1% -- 7.5%
2019 -- 4% -- 7.4%
2020 -- (-)5.8% -- 2.9%
2021 -- 9.1% -- 2.6%
2022 -- 7% -- 8%
2023 -- 8%+(*) -- 5%

*(Projected)

For a nation that routinely struggles to outpace us, they sure are getting a lot of hype...

And the difference in per capita figures can be explained by the contrasting trends in exchange rates. India runs a twin defict which keeps the INR more volatile against major international currencies. As India keeps reducing its deficits, INR will gain more ground and stabilize (it has remained remarkably stable for over a year now) even this advantage will not hold.

 

[omaebakabaka]

Govt. cannot fix its own data. What dumb fuckery is that. There is no country that has become developed without solving basic education (class 1-12).

As far as innovation ranking is concerned, it supports my point as its not per capita. 30% of India population > Vietnam total population.

That 30% get good education and hence can create more innovation and complex products. But lower 30% can never join the economy created by the top 30%, because the bottom 30% is not equipped to join the complex economy created by top 30%. In Vietnam they can, hence you will see Vietnam will keep outpacing India in GDP per capita.

What type of hitech economy vietnam has? Have you even traveled in that country to get a pulse? Lot of employment is in service industry like retail, markets, boutique hotels and tourism and so on. Its laughable to compare vietnam to India....that like comparing Luxemberg to USA....

Vietnam does have a leg up on exports due to close proximity to China and east asia but its got its limits. Scale of India will be totally different if exports pick up even 10% in non traditional sectors like electronics or toys or even clothing, shoes and other consumer goods.

Great people and good that their country is developing at good speed but comparing to India in general terms is unusual. I like Vietnamese and Vietnam, its a beautiful country with awesome history.

 

[Rango]

 

[angryIndian]

The worst fear has come true.....the communist trade unions have finally entered the IT sector

 

[Arjun Mk1A]

If we can able to feed 80-85 cr people via ration system from 2020 to 2025 ( 5 years by BJP). Then how come we always at bottom of Hunger index every year.

Our NHFS sitting in New Delhi can't able to provide an quality analysis. But somehow an NGO from Germany able to give such an accurate depiction.

 

[Haldilal]

Another Olectra in making? Or a genuine manufacturer?



Being a government official, he could not point out the obvious instances of the BBS doctoring their data at will or their voodoo taka-US$ peg (just to keep their graments lobby happy) but it does seem like Sanjeev Sanyal keeps visiting our DFI thrads



@gslv markIII

@FalconSlayers

@Cheran

@ezsasa



Also like the fact that he wrote on Vietnam specifically - throughout the past 15 years, despite all the hype created by gora mediawallahs, Vietnam has experienced real growth similar to us (in fact, in the post covid period their economy has consistently underperformed). India used to lose out beacuse of its exchange rates only.

Ya'll Nibbiars They have all the IP'S of the designs and components and 250 R&D staff.

 

[GaudaNaresh]

If we can able to feed 80-85 cr people via ration system from 2020 to 2025 ( 5 years by BJP). Then how come we always at bottom of Hunger index every year.

Our NHFS sitting in New Delhi can't able to provide an quality analysis. But somehow an NGO from Germany able to give such an accurate depiction.

Because western institutions love to manufacture data outta thin air.

 

[FalconSlayers]

If we can able to feed 80-85 cr people via ration system from 2020 to 2025 ( 5 years by BJP). Then how come we always at bottom of Hunger index every year.

Our NHFS sitting in New Delhi can't able to provide an quality analysis. But somehow an NGO from Germany able to give such an accurate depiction.

HUnger index credibility dies the moment they place India below Congo, Nigeria. I mean there's a limit to being stupid.

I mean these nations have multiple times higher poverty than India despite having far smaller population than us. Congo's population is 14 times less than India but extreme poverty is 4.5 times higher than India in absolute numbers. And I won't dwell further debunking everything. Just because those german shepherds "feel" that India = slumdog millionaire is none of our issues.

 

[Arjun Mk1A]

HUnger index credibility dies the moment they place India below Congo, Nigeria. I mean there's a limit to being stupid.

I mean these nations have multiple times higher poverty than India despite having far smaller population than us. Congo's population is 14 times less than India but extreme poverty is 4.5 times higher than India in absolute numbers. And I won't dwell further debunking everything. Just because those german shepherds "feel" that India = slumdog millionaire is none of our issues.
View attachment 244714

Top of that how genderless Germans able to fetch data from Afghanistan and Pakistan. These two countries never even attempted to do meaningful census.

 

[FalconSlayers]

At this rate Adani will end up investing twice of what he committed, seems like their income has been solid recently.

Adani to invest $14 billion in FY25 - Times of India

India Business News: Adani group plans to invest more than Rs 1.

timesofindia.indiatimes.com

 

[Tejbrahmastra]

 

[karn]

View attachment 244718

Mumbai - Hyderabad is the extension of Mumbai - Nagpur right ? Or am I missing something ?