Indian Economy: News and Discussion

[captscooby81]

But SuSu thinks we are heading for never ending disaster ..

Looking at the market valuations, the market is hiding some big (good) news in its belly. The insiders know it so they are buying it up in advance of the news being revealed to commoners. Something like the corporate tax cut, but on a bigger scale. What it is, we'll have to wait to see. But seeing that GDP hasn't ticked up but valuations have ticked up, all other conditions remaining the same (i.e inflation, trade war, global slowdown), it means that there is some 'India-specific' good news that is about to be released.

Even in 2014, the market rallied before Modi's victory was declared. Everyone kept wondering while it was happening.

The kind of insane valuations we are at now, it's not for the 3% GDP, it's pricing in an 8-10% kind of GDP growth within 2020 itself. Matlab uss level ka kuch game changer plot twist hai budget me.

 

[IndianHawk]

But SuSu thinks we are heading for never ending disaster ..

View attachment 41803

He is just trolling. This is not recession this is moderation is growth rates. Recession means negative growth. Global trade climate and domestic reforms have inflicted a slowdown which is already reversing. Economy is formalizing this is the price to pay.

Inflation is mostly food related which may be after effects of extreme rains may take few months to normalise .

 

[Tibarn]

This was a good article by Arvind Panagariya, except for the SEZ portion, those are not the answer, IMHO.
https://timesofindia.indiatimes.com...r-moves-will-bring-the-economy-back-on-track/

 

[Hiranyaksha]

something to think about.
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[south block]

Yup, they are projecting their own insecurities on others.

China is an export based economy, they are affected by the global environment. India is not export based. Even in 2008 when the whole world crashed, India was doing 8%.

Our slowdown was not because the US stopped imported something from us. That's China's problem. Our slowdown was because of domestic policy upgrade, formalization of the economy, shifting from cash based circus to a formal tracking system. Now the repair work is done. Next quarter ka result dekh lo, pata chal jayega.

India post 2008 economic boom was due to money pumping into market specially real estate, same crap is happening since liberlization & picked up speed since 2003 ---- the bubble has busted now , but Modi being a good chetoos seller trying hard to save skin of his corporate buddies ---- America after 2008 financial crisis put Money in shale oil to get energy independence ----- end result high oil prices for developing world which mean most Indians go unemployed & into depression for foreseeable future ---- Modi can divert youth anger into stupid Hindu swarajya but he is an utter failure in economics ---- but good for chetoos sellers nonetheless ----- Indian economy is not going to recover whatever BS he say ---- day of Reckoning is coming for him ---- despite BJP massive polarisation efforts.

 

[nongaddarliberal]

But SuSu thinks we are heading for never ending disaster ..

View attachment 41803

SuSu wants to spread as much propaganda in order to fulfill his ambition of becoming FM. He is under the delusion that Modi will eventually fall at his feet and ask him to fix the economy. He is a two faced crook who is very capable of backstabbing BJP, which is why he is not trusted with any big portfolio.

 

[IndianHawk]

America after 2008 financial crisis put Money in shale oil to get energy independence ----- end result high oil prices for developing world

You fucking retard. US shale revolution lowered the oil prices world over . Where are all these retards coming from has sinodefence sent it's intellectuals here.??

 

[captscooby81]

Crude is below 70 $ for last 4 years . Do you even know the pre 2008 level of Crude touching 100$ or even the 2011-2015 levels when it close to 90-100$ . American shale companies can't survive crude oil prices of 50-60$ they are going bust like snowflakes . Our OMC are also investing money in producing crude but what to do we are not gifted with fossil fuels like america or russia .

We have not even reached the kind of real estate inventory levels to call bubble bust .Its just real estate is getting developed only in Metro cities and there may be few unsold inventory left out but tier 2 & 3 cities are yet to see the real estate growth you talking about .

Please tell me name of Modi Policy which helped chetoos sellers ? Are you talking about Essar Steel which IBC made Ruia's to sell it Arcelor and pay banks are you talking about Zee television selling its shares to pay debtors ? or you talking about those chetoos who pay zero direct tax but get free power, free fertilizer and loan waiver but when they make money simply crying about salaried class. Or you talking about those chetoos who are building homes and toilets from govt money or even getting free gas cylinders ?

India post 2008 economic boom was due to money pumping into market specially real estate, same crap is happening since liberlization & picked up speed since 2003 ---- the bubble has busted now , but Modi being a good chetoos seller trying hard to save skin of his corporate buddies ---- America after 2008 financial crisis put Money in shale oil to get energy independence ----- end result high oil prices for developing world which mean most Indians go unemployed & into depression for foreseeable future ---- Modi can divert youth anger into stupid Hindu swarajya but he is an utter failure in economics ---- but good for chetoos sellers nonetheless ----- Indian economy is not going to recover whatever BS he say ---- day of Reckoning is coming for him ---- despite BJP massive polarisation efforts.

 

[Brahmos_ii]

Good everyday we are one step near to find the economic offenders........

 

[Suryavanshi]

You fucking retard. US shale revolution lowered the oil prices world over . Where are all these retards coming from has sinodefence sent it's intellectuals here.??

Expecting a word of sense from a Commie ******?
He will sell the nation to save his Government Job.
Nigga wants to sell his ass to China for free but won't give it to America even if they pay rent for it.

 

[nongaddarliberal]

You fucking retard. US shale revolution lowered the oil prices world over . Where are all these retards coming from has sinodefence sent it's intellectuals here.??

Whom are you quoting? The chinki guy?

 

[nongaddarliberal]

That's good news! The bad news is that the GDP growth is heading toward the boondocks at <5%!!

So we all want a big bang budget! But what does 'big bang' imply? Prudence on the revenue expenditure front? Lowering of fuel, food and fertiliser subsidies? Enhancing capital expenditure for productive investments in sectors such as infrastructure? Encourage private investment? End to tax aggression and widening the tax base? Strategic disinvestments? Land and labor reforms?

Except for the above, I don't have a clue how we can get our economy going. @Haldiram may tell us what 'Big Bangs' to expect in the coming budget!

All of what you mentioned would be considered big bang, but no political party has shown the willingness to go in that direction. They're all busy with subsidies and loan waivers. Had much more expectations form BJP. Majority of spending should be on infrastructure and education. There's a limit to how much you can develop a country when the majority of people in the country won't vote for real development. The only hope I have is that this slow cycle should be ending soon, and a natural speed up of the economy will take place.

 

[sorcerer]

Good everyday we are one step near to find the economic offenders........

Expect a saturation fire from Times now against GoI in the coming days on various issues.

 

[Brahmos_ii]

Another one for the day, if this one find some thing then 10JP will shatter like anything, check the complete thread.

 

[sorcerer]

Ministry of Commerce & Industry
Launch of Paperless Licensing for Petroleum Service Stations

To benefit more than 70,000 Petroleum Pump Owners; ease of doing business to Petroleum Pumps Owners
Posted On: 20 JAN 2020 5:37PM by PIB Delhi

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched paperless licensing process through Petroleum and Explosives Safety Organisation (PESO) for petroleum service stations (retail outlets storing and dispensing petrol/diesel for motor conveyances) under the Petroleum Rules, 2002.

Paperless application and grant of license process for road tankers for transportation of petroleum under the Petroleum Rules has been launched on 7th January, 2020. After the launch of paperless process, more than 300 licences have been issued.
Taken together, licences for petroleum service stations and road tankers for transportation of petroleum account for more than 85% of total licences under the Petroleum Rules, 2002.

This initiative for petroleum pump licensing is directly going to benefit more than 70,000 petroleum pump owners and oil marketing companies under the Petroleum Rules, 2002. An added advantage of this move is that the authenticity of the license may be verified on PESO’s website https://peso.gov.in/index.aspx. This automation will greatly benefit the petroleum and gas industry.

This initiative is in line with the vision of Prime Minister, Narendra Modi’s Digital India and Ease of Doing Business towards paperless and green India that will provide simpler mechanism, ease of living and business to the petroleum road tanker owners. The process will include filing the applications online, online payment of fees which will go directly to the concerned officer’s ID without any manual interface. Applicants, at each stage of processing of the application, will be intimated via SMS and email, in case of discrepancy or grant of license or approval. These details will also be reflected in the applicant’s profile. The entire process will not require any printing and physical dispatch of license. The license will be dispatched electronically.

 

[sorcerer]

India attracted record US$ 9.3 billion Tech investments in 2019: Report -

https://www.expresscomputer.in/indu...illion-tech-investments-in-2019-report/45530/

 

[sorcerer]

Australia targets Indian investment to develop remote north amid China tensions

SYDNEY (Reuters) - Australia’s government aims to boost investment from India to develop its remote north, seen as a front door to lucrative Asian markets, amid concerns that tighter regulatory oversight and diplomatic tensions with Beijing will curb Chinese spending.
https://in.reuters.com/article/aust...emote-north-amid-china-tensions-idINKBN1ZJ0E1

 

[Craigs]

India attracted record US$ 9.3 billion Tech investments in 2019: Report -

https://www.expresscomputer.in/indu...illion-tech-investments-in-2019-report/45530/

Economy is going to the dumps. Modi should resign. There is so much unemployment.

 

[IndianHawk]

Whom are you quoting? The chinki guy?

Yes. We seem to have lot more influx of chinki trolls then before.

 

[Popeye]

https://www.wsj.com/articles/indias...-class-with-debtand-broken-dreams-11579189678
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