Indian Economy: News and Discussion

no smoking

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Depends on how rupee behaves in next 4-5 years.

When china was 11 trillion ppp economy ( which we are right now too) it was already 5 trillions economy in USD because yuan gained strength fast.

In actual production of economy we are already there.
But a weak rupee is showing our size as much smaller.
Really? China reached 5 trillions GDP in 2009, so lets compare some of China (2009) and India (2019) figures:

China (2009) India(2019)
Steel 568 mt 111 mt
Car 10m 3.6m
Grain 531 mt 292 mt
Cement 1630 mt 334 mt

So, no the actual production of India economy is not there.
 

here2where

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Locust attacks could cause severe economic damage and threaten food security ....

Worst locust attack in 26 years can plague the Indian economy

Conspiracy theory - I remember watching a movie where locusts were used as weapon to devastate an enemy country (selectively bred and segreated payload consisting of all male locusts were let loose inside enemy territory - so that they do not breed and the 'weapon' doesn't outlive its period of requirement - males were selected probably they eat/devastate crops more?)

Crazy theory - Me thinking, why not innovate a giant farm machine that sucks all incoming locusts and grinds them into nice fertilizer? Or export the buggers to China where its a delicacy? :daru:
 
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Akshay Fenix

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Time to include insects in our diet, that is what the Israelis did when faced with swarm attack. JK a little.

Typical Indian media, rather than informing the public they take the easy route and start fear mongering.

Locust swarms are nothing new, the only reason it's gaining traction is because of "How 2020 could get any worse" bandwagon.

Middle east is grappling with locust attacks for years and you don't see them cribbing about it.
 

prasadr14

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Seculars are ok with eating anything,
we should do Halal Locust and have our seculars have a go at it.

Locust Dum Biryni
Locust pakoda
etc
etc

Just stamp the damn things as Halal...
 

IndianHawk

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Really? China reached 5 trillions GDP in 2009, so lets compare some of China (2009) and India (2019) figures:

China (2009) India(2019)
Steel 568 mt 111 mt
Car 10m 3.6m
Grain 531 mt 292 mt
Cement 1630 mt 334 mt

So, no the actual production of India economy is not there.
This is data from Chinese themselves.


Check Chinese nbs data for 2009 in ppp.
It's 11 trillion. Indian economy today is more then 11 trillions.

Cherry picking data doesn't work. Idiot. India service exports are far bigger in 2019 the what china had 2010 even .post them too?

Mods ban this low iq loser. I'm tired of his stupidity and childish posts. This is a forum for adult intelligent discussion.
Sigh.
 

IndianHawk

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IndianHawk

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USA is going to revoke special status of hongkong.
It's devastating financial blow to china as well as abject humiliation. But will benefit India mostly.

All that hundreds of billions of dollars of investment that will be denied to Chinese companies most of it will end up in asean and India.

I guess jio investment spree recently is related to that. Knowing that Chinese investment future is over USA companies are rushing to invest in Indian opportunities.
 

ezsasa

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Really? China reached 5 trillions GDP in 2009, so lets compare some of China (2009) and India (2019) figures:

China (2009) India(2019)
Steel 568 mt 111 mt
Car 10m 3.6m
Grain 531 mt 292 mt
Cement 1630 mt 334 mt

So, no the actual production of India economy is not there.
compare 2007 China numbers with 2019 India numbers.

and compare consumption like air travel, number of houses procured by citizens etc..

India is not taking the Excess production route to prosperity.
 

ezsasa

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USA is going to revoke special status of hongkong.
It's devastating financial blow to china as well as abject humiliation. But will benefit India mostly.

All that hundreds of billions of dollars of investment that will be denied to Chinese companies most of it will end up in asean and India.

I guess jio investment spree recently is related to that. Knowing that Chinese investment future is over USA companies are rushing to invest in Indian opportunities.
But China has already diversified HK money into Shanghai, Macau etc isn’t it?
 

IndianHawk

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But China has already diversified HK money into Shanghai, Macau etc isn’t it?
There is no HK moeny. HK was the preferred market for foreigners to invest into china as special laws in HK protected foreign investment from ccp rules.
HK even has foreign judges !

So chinese firms used to raise billions through HK market from investors of EU and USA and Japan.
Now that's going away.

Neither Shanghai nor Macau could make up for it as they don't have protection and rule of law ( in western sense ) that HK provided.

Infact it's part of larger trend. USA has blocked many Chinese firm from raising capital in USA markets.
Soon they might penalize investment into china through Europe or east Asia also.

China is being cut off from western financial systems. USA doesn't play around.
 

Gautam Sarkar

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The business plan for Make In India 2.0.
Make in India 2.0 is likely to press the accelerator on vertical integration, where component supply-chains are coerced to be local because of import substitution
Full piece here good one


Every key infrastructure projects in southern cities are build on the sweat and toil of skilled labour force from North. And porali -periyarists brigade backed by nasty ‘United States of South India’ media used to run a vicious parochial campaign against them.


Farmers Will Grow What Markets Want: What NDA Govt’s Agriculture Reforms Will Achieve
The farm sector is destined for stirring changes, in the aftermath of the FM’s recent policy announcements. Here’s a look at how it will impact the ground realities

 

no smoking

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compare 2007 China numbers with 2019 India numbers.
Ok,
2007 here you are:

Steel: 4890 mt
Car: 6.38m
Grain: 5015 mt
Cement: 1.35 bt



and compare consumption like air travel, number of houses procured by citizens etc..
How about outbound tourism since this figure can be verified by other countries, I will use India 2018 vs China 2006 since I can't find India 2019 (maybe too early to get the final), I will also push China 1 year early:

China 2006: 34.5m
India 2018: 26.3m

India is not taking the Excess production route to prosperity.
Unfortunately, that was exactly how capitalism works. That was how Japanese, Korean got rich. That was also how Chinese get out of poverty. That is also all "Make in India" about. And India is very late already.

In 2000, Indians were laughing at Chinese policy of "world factories";
In 2008, Indians claimed they would create a "knowledge economy" instead of "Sweatshops";
In 2012, Indians were aiming those "high-end" production because they believed that they had edge over Chinese in these area;
In 2014, India had been competing with other Asian countries on those no so "high-end" industries which are moving out of China.
 
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Sanatani

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We all know that manufacturing some products that we import from China doesn't require much technical know how and large investment. Are there no sick PSUs who are not able to compete with private companies ,which can be used to make these products which again can be sold at no profit and no loss. This will develop an ecosystem of manufacturing. This way the sick PSUs won't be money guzzlers and we develop our manufacturing reducing the dependence on China
 

IndianHawk

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Ok,
2007 here you are:

Steel: 4890 mt
Car: 6.38m
Grain: 5015 mt
Cement: 1.35 bt





How about outbound tourism since this figure can be verified by other countries, I will use India 2018 vs China 2006 since I can't find India 2019 (maybe too early to get the final), I will also push China 1 year early:

China 2006: 34.5m
India 2018: 26.3m



Unfortunately, that was exactly how capitalism works. That was how Japanese, Korean got rich. That was also how Chinese get out of poverty. That is also all "Make in India" about. And India is very late already.

In 2000, Indians were laughing at Chinese policy of "world factories";
In 2008, Indians claimed they would create a "knowledge economy" instead of "Sweatshops";
In 2012, Indians were aiming those "high-end" production because they believed that they had edge over Chinese in these area;
In 2014, India had been competing with other Asian countries on those no so "high-end" industries which are moving out of China.
You pathetic moron.

Chinese economy was 11 trillions ppp in 2009-10 by China's own data.
India economy is 11 trillions++ by imf data in 2019-20.

It includes everything all goods and services. India service export was far higher than china traditionally.

What part of it you can't understand ??

I'm again asking @mods too ban this low iq idiot.
It's not his fault he is just too stupid to participate in meaningful discussion.

Now this looser is denying Chinese data produced by ccp itself. Even the chinese would sent him to camps for being too stupid.lol
 

IndianHawk

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