Indian Economy: News and Discussion

[Butter Chicken]

 

[sauntheninja]

I thought Adani's port in Gujarat had the highest cargo how did it beat is so soon

 

[DingDong]

That is an anti-pattern. Most of our top trading partners located near the western coastline.
What could be the reason behind this surprising change?

 

[another_armchair]

That is an anti-pattern. Most of our top trading partners located near the western coastline.
What could be the reason behind this surprising change?

Most of the cargo handling at Paradip port is of 'dense' variety like coal, crude, fertilizer, iron ore, sundry chemicals and metals.

 

[brat4]

I lived in US so I know what I am talking about, I dare you to go into inner cities during even day time or take a wrong exit without a plan in mind. It is always in the back of your mind, if its not then you are plain stupid. To make it interesting, take your family with you while you are at it since its such a picnic.

"you are stupid if you dont agree with me" sort of feels like you have your opinions set in stone so no point on discussions.

I do live here and have been here in interioir cities. even places with population of less than 100 folks.

You are part of the reason why US has been on downward spiral, with printing anyone can create something with some momentum that US has from its prolific productivity era. Don;'t gloat when you are $34t in debt and no way to pay and only show is paper money infusion of stock market. No wonder 100k income is not enough to have some decent savings and one incident away from medical bankruptcy. Educate yourself and be helpful to USA by understanding reality. DOn't quote stupid trillion dollar economy states....people shit in streets and sleep in cars in that state.

why am I part of the reason? at this point you are going into personal attacks. its ok, you can have your opinion. and I can have mine.

"people shit in streets and sleep in cars in that state." yes they do. you dont compare the extreme in one place with thenormal in another. you compare average to average.

an average person from florida has a lot more wealth than an average person from India. which is OK. we (as Indians) are just beginning to get our economy on track. we will get better but US is still good in some aspects.

 

[DingDong]

there are 5 states in USA whose economy is more than 1 trillion (this is state wise) which many countries with multiple levels of population havent reached.
their handling of the water table, climate, economy has been very good. if we (India) doesnt have similar structures in place, it will face a lot of problems (water table going down etc).
there are definitely issue.. but absolutely not a war zone.

Do you know why so many people are unhappy despite having a lot of wealth? Do you know why the people living lavish life have their lives cut short due to mental health issues and substance abuse?

Life feels like worth living as long as there is a continuous positive change. Stagnancy cause boredom which leads to substance abuse. Downward trend leads to reduction in the quality of life that a person is accustomed with, mental diseases and suicidal thoughts follow.

Since the 2000s, while the Indians have experienced a continuous positive improvement in their quality of life and income, the Americans have experienced the exact opposite.

Going by the number of the mass shootings reported in the US these days, I will feel safer in Kashmir than in the US.

 

[MSM]

That is an anti-pattern. Most of our top trading partners located near the western coastline.
What could be the reason behind this surprising change?

Most likely they are shipping coal via paradip. Its cheaper to ship coal from eastern India via sea to states like Maharashtra, Gujarat, Rajasthan and Punjab.

 

[brat4]

Life feels like worth living as long as there is a continuous positive change. Stagnancy cause boredom which leads to substance abuse. Downward trend leads to reduction in the quality of life that a person is accustomed with, mental diseases and suicidal thoughts follow.

Since the 2000s, while the Indians have experienced a continuous positive improvement in their quality of life and income, the Americans have experienced the exact opposite.

very very subjective. again, if you are bent on thinking that "in general people in america are experiencing negative change and in general in India, people are experiencing positive change", then thats your choice.

USA, just like India is pretty diverse in terms of political and public discourse as well as economic growth. while some states like california are heavily left leaning and still have significant economic growth, some states are significantly right leaning and experience poverty (red belt.bible belt states).. but some are right wing and experience good economic growth (texas, florida) and in general people in all these diverse states experience it all differently.

this is changing the goal post by the way. I was only replying to US being called a "War zone" its far far from it.

 

[omaebakabaka]

very very subjective. again, if you are bent on thinking that "in general people in america are experiencing negative change and in general in India, people are experiencing positive change", then thats your choice.

USA, just like India is pretty diverse in terms of political and public discourse as well as economic growth. while some states like california are heavily left leaning and still have significant economic growth, some states are significantly right leaning and experience poverty (red belt.bible belt states).. but some are right wing and experience good economic growth (texas, florida) and in general people in all these diverse states experience it all differently.

this is changing the goal post by the way. I was only replying to US being called a "War zone" its far far from it.

Stay there and live well brother....

 

[GaudaNaresh]

very very subjective. again, if you are bent on thinking that "in general people in america are experiencing negative change and in general in India, people are experiencing positive change", then thats your choice.

USA, just like India is pretty diverse in terms of political and public discourse as well as economic growth. while some states like california are heavily left leaning and still have significant economic growth, some states are significantly right leaning and experience poverty (red belt.bible belt states).. but some are right wing and experience good economic growth (texas, florida) and in general people in all these diverse states experience it all differently.

this is changing the goal post by the way. I was only replying to US being called a "War zone" its far far from it.

compared to most of the world, it is. Your murder and rape rate alone makes that true.

 

[blackleaf]

You cannot compare US cities to Mexico.

Believe it or not, The level of violence in Mexico is somewhat similar to Pakistan.

The cartels have such a stronghold over some areas that even their police and military are reluctant to fight.

It's only the overwhelming support from the US that has prevented Mexico from falling into a full-blown civil war.

Yes. There are actually areas in the US like St Lois and Baltimore that have Mexican levels of violence.

However there are also very safe suburb and rural areas with good rule of law and low crime. The US on the whole is more violent than Europe and East/South East Asia and the Gulf Arab states. But it is also much safer than the developing countries in Africa, South American and places like Pakistan.

 

[srevster]

Country	Average Annual Income	Average Household Savings	Annual Savings	Monthly Savings	Daily Savings	Hourly Savings
Switzerland	$58,389	19.03%	$11,109.09	$925.76	$30.44	$1.27
Sweden	$40,909	15.72%	$6,430.49	$535.87	$17.62	$0.73
Norway	$50,908	9.11%	$4,638.23	$386.52	$12.71	$0.53
Australia	$50,167	9.23%	$4,627.91	$385.66	$12.68	$0.53
Germany	$44,925	9.52%	$4,278.21	$356.52	$11.72	$0.49
France	$41,252	8.89%	$3,666.48	$305.54	$10.05	$0.42
Austria	$46,084	7.8%	$3596.4	$299.70	$9.85	$0.41
Netherlands	$50,670	6%	$3,039.19	$253.27	$8.33	$0.35
United States	$58,714	4.97%	$2,916.32	$243.03	$7.99	$0.33
Denmark	$50,024	4.97%	$2,487.19	$207.27	$6.81	$0.28
Belgium	$47,702	5.1%	$2,430.89	$202.57	$6.66	$0.28
Korea	$33,110	7.18%	$2,377.30	$198.11	$6.51	$0.27
Slovenia	$33,085	6.49%	$2,148.54	$179.04	$5.89	$0.25
Chile	$23,247	8.87%	$2,062.24	$171.85	$5.65	$0.24
Canada	$47,843	3.81%	$1,823.30	$151.94	$5.00	$0.21
Czech Republic	$21,689	6.63%	$1,437.98	$119.83	$3.94	$0.16
Spain	$36,325	3.88%	$1,410.50	$117.54	$3.86	$0.16
Italy	$34.140	2.91%	$993.13	$82.76	$2.72	$0.11
Hungary	$19,999	4.91%	$982.15	$81.85	$2.69	$0.11
Slovak Republic	$22,031	3.82%	$840.92	$70.08	$2.30	$0.10
Mexico	$14,867	5.36%	$796.72	$66.39	$2.18	$0.09
Estonia	$21,564	3.38%	$729.73	$60.81	$2.00	$0.08
United Kingdom	$41,384	-0.18%	-$74.91	-$6.24	-$0.21	-$0.01
Finland	$40,731	-0.20%	-$82.68	-$6.89	-$0.23	-$0.01
Japan	$35,780	-0.47%	-$168.17	-$14.01	-$0.46	-$0.02
Poland	$23,998	-0.71%	-$169.43	-$14.12	-$0.46	-$0.02
Ireland	$46,074	-0.4%	-$182.91	-$15.24	-$0.50	-$0.02
Portugal	$24,105	-4.07%	-$979.87	-$81.66	-$2.68	-$0.11
Latvia	$20,518	-11.24%	-$2,306.63	-$192.22	-$6.32	-$0.26
Greece	$25,211	-17.28%	-$4,255.45	-$362.95	-$11.93	-$0.50

 

[srevster]

Average monthly savings in the US is $243 across the whole country. If you look at cities like San Francisco, it is likely lower than the $66 in Mexico.

 

[Tejbrahmastra]

 

[srevster]

Average monthly savings in the US is $243 across the whole country. If you look at cities like San Francisco, it is likely lower than the $66 in Mexico.

To put this into context, the saving rate is only 20,200 INR

 

[Blademaster]

To put this into context, the saving rate is only 20,200 INR

So what’s the savings rate per month in India?

 

[Tejbrahmastra]

The cost of Beer has grown exponentially in last few years. I remember a bottle beer of ~160 now cost almost 220, and this has happened in less than 3 years! Although now i prefer going to breweries than gulping bottles

 

[sauntheninja]

View attachment 246846
The cost of Beer has grown exponentially in last few years. I remember a bottle beer of ~160 now cost almost 220, and this has happened in less than 3 years! Although now i prefer going to breweries than gulping bottles

Outside Goa beer was never that cheap

 

[FalconSlayers]

 

[IndianSpiderman]

India's entry into chip equipment manufacturing a masterstroke, says Fab Economics CEO

Fab Economics CEO Danish Faruqui spoke to BT about the opportunities for India with WFE manufacturing and much more

www.businesstoday.in