Indian Economy: News and Discussion

[f3243007008]

It seems like everyone is benefitting from the coronavirus. In US televangelists are making a fortune by selling their doomsday predictions made by their dead Jew supporters that the Rapture is going to come and people should stock up food. Alex Jones is trying his usual batshit conspiracy theories of FEMA camps being used to take away coronovirus patients and he gives a rat's ass about the moral scruples involved.




P.S. This makes me seriously think corona virus may actually have been a bio weapon to bring the economy down and help Chinese and US investors to make some quick money while the general populace bears the brunt of the outbreak.

Former IMF Vice President Zhu Min estimates China's loss of 1.3 trillion yuan in a two-month outbreak

No ountry can intentionally sustain such a loss

 

[Peter]

Former IMF Vice President Zhu Min estimates China's loss of 1.3 trillion yuan in a two-month outbreak

No ountry can intentionally sustain such a loss

A bio weapon with AIDs and Ebola genomes that can spread asymptomatically and can cripple a foreign adversary's strength is well worth a trillion dollars. I am not buying the conspiracy theory wholesale but just keeping that perspective in my mind.

 

[ezsasa]

Former IMF Vice President Zhu Min estimates China's loss of 1.3 trillion yuan in a two-month outbreak

No ountry can intentionally sustain such a loss

You mean the same regime which killed 20 million Chinese to grab power during cultural revolution , will bother about 1.3 trillion(180 billion $) .

At the same time weakening the economies of their adversaries.

 

[f3243007008]

A bio weapon with AIDs and Ebola genomes that can spread asymptomatically and can cripple a foreign adversary's strength is well worth a trillion dollars. I am not buying the conspiracy theory wholesale but just keeping that perspective in my mind.

OK, Just remember bio weapon not only hurt enemy , but also hurt it self.

Because you will never know what the virus will evolve to what status.

 

[Peter]

You mean the same regime which killed 20 million Chinese to grab power during cultural revolution , will bother about 1.3 trillion(180 billion $) .

At the same time weakening the economies of their adversaries.

Remember that 20 million figure is a number quoted by CCP. Who knows how many really died in the Great Leap Forward and Cultural revolution ? We are talking of a country where Mao is still venerated and held in great esteem.

 

[ezsasa]

Remember that 20 million figure is a number quoted by CCP. Who knows how many really died in the Great Leap Forward and Cultural revolution ? We are talking of a country where Mao is still venerated and held in great esteem.

And let’s not forget the strategic business model adopted by CCP over the past decade across the globe.

They enter a market(say mobile phones), sell them dirt cheap taking initial losses, collapse local brands, gain full market control within 5 years. Steel, copper, pharma, consumer electronics you name it, you will find the same pattern repeating itself.

Taking initial losses to make strategic gains later, is part of CCP’s tricks.

The question is how much strategic benefit will CCP gain from Covid-19, five years later!!

 

[Haldiram]

As our old dadu didas and @pmaitra sir said Gold and Land are the only true things having Tangible value. Baki saab are fake valued things shoved down our throats by greedy globalists.

Real estate also goes through boom and bust cycles.

There's no consolidated data available for India, but the US has a home price Index :

 

[Spindrift]

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[ladder]

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Lord Venkateswara of Tirupati had 1300 crore rupees deposit in Yes Bank, but temple administration transferred that out of Yes bank in the nick of time. ( Just ahead of the RBI restraining order).

https://www.thenewsminute.com/artic...-withdrew-rs-1300-cr-yes-bank-oct-2019-119658

 

[Prashant12]

India’s forex reserves jump to lifetime high of USD 481.54 billion


The country’s foreign exchange reserves swelled by USD 5.42 billion to a lifetime high of USD 481.54 billion in the week to February 14, on the back of rise in foreign currency assets, according to the latest data from the RBI. In the previous week, the foreign exchange reserves had increased by USD 29 million to USD 476.12 billion.

Foreign currency assets, a major component of the overall reserves, rose by USD 4.36 billion to USD 445.82 billion in the reporting week. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves rose by USD 1.02 million to USD 30.38 billion.

The Special Drawing Rights with the International Monetary Fund (IMF) fell USD 5 million to USD 1.43 billion. The country’s reserve position with the IMF also increased by USD 31 million to USD 3.61 billion, the data showed.

https://www.financialexpress.com/ec...-lifetime-high-of-usd-481-54-billion/1891312/

 

[Haldiram]

1.COMMON public not loss any money as it will be merged in SBI,so after few months u r a common SBI customer like Crores of Indians.

2.98/100 banks are SAFE,show me one industry which have such high success rate??

All NPA != LOSS.

Someone take loan and he unable to pay in due date but HE ALREADY GAVE COLLATERAL GUARANTEE so banks auction it after the court proceedings.Even that, only 5% loans are bad loans again 95% 'SUCCESS rate' ... See broad image.

Where does your 5% figure come from? almost all banks have double digit NPAs in the high teens.

Compare the respective bank's NPA against their respective profits. Y-o-Y compounded losses are piling up.

NPAs are part of the lending game but one can understand 3-5% NPAs out of 100 loans. These can be written off as business losses. What about double digit NPAs for decades? to the point where the bank itself has to be frozen. Is this the normal order of things?

The loans with the collateral are not the problem, the bank knows that procedure all too well. The problem is the complicity of banks in knowingly handing out OUR deposit money to people who have not given a collateral and who the bank KNEW beforehand is not going to repay the loan. It's one thing if the borrower turns out to be a fraud later, but the bigger NPAs are from people who have fed the system with the intention of defrauding the depositors right from the start, and they have run away from the country and the depositors are in a lurch.

Lending without collateral is not lending, it's INVESTING. When SBI gives my money to Mallya without securing a collateral, they are investing my money in his company at a risk (my risk). That's not what I make a safe deposit for. It's called safe for a reason. The bank is supposed to take a collateral of appropriate value as safety. If I wanted to make a collateral-free investment in Mallya's vision, I could have bought his company's stocks directly, instead of putting my money in SBI.

 

[Haldiram]

Real estate also goes through boom and bust cycles.

There's no consolidated data available for India, but the US has a home price Index :

....and gold also goes through boom-bust and stagnation cycles.

In the end, no asset class outclasses the other asset class on a 25 year period. Buy whatever, be it gold, bonds, stocks, real estate, they all have their own 5-10 year boom bust cycles where one asset class appears to have outdone the other, but on a 25 year period, they all give (inflation % +2% max).

When we selectively focus on the 5 years that each of them has done well, it appears like it is zooming up, but that one time nitro-boosters is tracing the journey for the next 15 years of consolidation. If you mistime it, you'll have to wait another 15 years to see the next big rally. If you time it well, you can squeeze out 15 years worth of gains in 3 years (like the stock market rally in 2014 after which it has stagnated at those levels for 5 years.)

But cash ki #MKB. Holding cash is like tracking an inverse ETF for inflation. Whatever the prevalent inflation, just add a minus in front of it, that's the CAGR return from cash.

 

[f3243007008]

Is this true?
Foxconn Changes Plans in India...

https://www.gsmarena.com/foxconn_cancels_plans_for_5_billion_investments_in_india-news-40908.php

 

[Indx TechStyle]

Is this true?
Foxconn Changes Plans in India...

https://www.gsmarena.com/foxconn_cancels_plans_for_5_billion_investments_in_india-news-40908.php

Well....
https://www.firstpost.com/tech/news...of-5-billion-investment-in-india-7879691.html
FOXCONN DENIES REPORTS OF PULLING OUT OF $5 BILLION INVESTMENT IN INDIA

 

[aditya10r]

Well....
https://www.firstpost.com/tech/news...of-5-billion-investment-in-india-7879691.html
FOXCONN DENIES REPORTS OF PULLING OUT OF $5 BILLION INVESTMENT IN INDIA

@f3243007008

This is what you get for having a censored media.
You dont get the clear picture.

______________________________________________________

Wash your hands and dont eat bats.

 

[f3243007008]

@f3243007008

This is what you get for having a censored media.
You dont get the clear picture.

______________________________________________________

Wash your hands and dont eat bats.

So India will have some factory more than 5B USD in near future , right?

 

[f3243007008]

Well....
https://www.firstpost.com/tech/news...of-5-billion-investment-in-india-7879691.html
FOXCONN DENIES REPORTS OF PULLING OUT OF $5 BILLION INVESTMENT IN INDIA

So India will have some factory more than 5B USD in near future , right?

 

[Indx TechStyle]

So India will have some factory more than 5B USD in near future , right?

$5 billions is nothing for India. Foxconn comes or not. India has and has been making lot of factories. Is ranked fifth in industrial output and soon will be third only behind PRC and US.

Foxconn isn't stupid. If the would want to leave India to go to rest of world which is either aging and dying like China and West or under dire instability and uncertain future in rest of third world, it will be a suicide.

Any news of a company abandoning business away from India is either a fake news or company is about to collapse or involved in a cam.
Except India & SE Asia, there are no economies in world with good long term growth perspectives.

 

[f3243007008]

$5 billions is nothing for India. Foxconn comes or not. India has and has been making lot of factories. Is ranked fifth in industrial output and soon will be third only behind PRC and US.

Foxconn isn't stupid. If the would want to leave India to go to rest of world which is either aging and dying like China and West or under dire instability and uncertain future in rest of third world, it will be a suicide.

Any news of a company abandoning business away from India is either a fake news or company is about to collapse or involved in a cam.
Except India & SE Asia, there are no economies in world with good long term growth perspectives.

So Foxconn Changes Plans in India...,retreat 5B investment in India is true or not?

Will India have some factory more than 5B USD in near future invest by foxconn?

And what's the plan that India invest much more than 5B ?

 

[Indx TechStyle]

Will India have some factory more than 5B USD in near future invest by foxconn?

India possesses a lot of them. $5 billion is nothing. There are a lot of them with major Indian companies. Indian auto factories, heavy enginering firms have individual factories of billions.
Like D Development for example.

The semiconductor fabs India is trying to build will cost hundreds of billions which will be real deal.