Indian Economy: News and Discussion

[Abhijeet Dey]

Below is a list highlighting 15 of China’s top trading partners in terms of export sales. That is, these countries imported the most Chinese shipments by dollar value during 2019. Also shown is each import country’s percentage of total Chinese exports.

1. United States: US$418.6 billion (16.8% of China’s total exports)
2. Hong Kong: $279.6 billion (11.2%)
3. Japan: $143.2 billion (5.7%)
4. South Korea: $111 billion (4.4%)
5. Vietnam: $98 billion (3.9%)
6. Germany: $79.7 billion (3.2%)
7. India: $74.9 billion (3%)
8. Netherlands: $73.9 billion (3%)
9. United Kingdom: $62.3 billion (2.5%)
10. Taiwan: $55.1 billion (2.2%)
11. Singapore: $55 billion (2.2%)
12. Malaysia: $52.5 billion (2.1%)
13. Russia: $49.5 billion (2%)
14. Australia: $48.1 billion (1.9%)
15. Mexico: $46.4 billion (1.9%)

Almost two-thirds (65.9%) of Chinese exports in 2019 were delivered to the above 15 trade partners.

China's Top Trading Partners 2023

China's top trading partners in 2023, a searchable database showcasing 100 major countries importing Chinese exports plus trade balances by best customers

www.worldstopexports.com

 

[indiatester]

Below is a list highlighting 15 of China’s top trading partners in terms of export sales. That is, these countries imported the most Chinese shipments by dollar value during 2019. Also shown is each import country’s percentage of total Chinese exports.

1. United States: US$418.6 billion (16.8% of China’s total exports)
2. Hong Kong: $279.6 billion (11.2%)
3. Japan: $143.2 billion (5.7%)
4. South Korea: $111 billion (4.4%)
5. Vietnam: $98 billion (3.9%)
6. Germany: $79.7 billion (3.2%)
7. India: $74.9 billion (3%)
8. Netherlands: $73.9 billion (3%)
9. United Kingdom: $62.3 billion (2.5%)
10. Taiwan: $55.1 billion (2.2%)
11. Singapore: $55 billion (2.2%)
12. Malaysia: $52.5 billion (2.1%)
13. Russia: $49.5 billion (2%)
14. Australia: $48.1 billion (1.9%)
15. Mexico: $46.4 billion (1.9%)

Almost two-thirds (65.9%) of Chinese exports in 2019 were delivered to the above 15 trade partners.

China's Top Trading Partners 2023

China's top trading partners in 2023, a searchable database showcasing 100 major countries importing Chinese exports plus trade balances by best customers

www.worldstopexports.com

Don't ignore what HongKong does with what it has "imported".

 

[AsuraKiller203]

Below is a list highlighting 15 of China’s top trading partners in terms of export sales. That is, these countries imported the most Chinese shipments by dollar value during 2019. Also shown is each import country’s percentage of total Chinese exports.

1. United States: US$418.6 billion (16.8% of China’s total exports)
2. Hong Kong: $279.6 billion (11.2%)
3. Japan: $143.2 billion (5.7%)
4. South Korea: $111 billion (4.4%)
5. Vietnam: $98 billion (3.9%)
6. Germany: $79.7 billion (3.2%)
7. India: $74.9 billion (3%)
8. Netherlands: $73.9 billion (3%)
9. United Kingdom: $62.3 billion (2.5%)
10. Taiwan: $55.1 billion (2.2%)
11. Singapore: $55 billion (2.2%)
12. Malaysia: $52.5 billion (2.1%)
13. Russia: $49.5 billion (2%)
14. Australia: $48.1 billion (1.9%)
15. Mexico: $46.4 billion (1.9%)

Almost two-thirds (65.9%) of Chinese exports in 2019 were delivered to the above 15 trade partners.

China's Top Trading Partners 2023

China's top trading partners in 2023, a searchable database showcasing 100 major countries importing Chinese exports plus trade balances by best customers

www.worldstopexports.com

This is not a relevant list. List of total trade surplus & deficit is more important than the nominal value of total exports. I.e. where chinas margins are highest, which gives most profit, which market is most valuable to china. In that list, India is much more important to china . Here:

China's Trading Partners - Top 5 Countries Where China Has a Positive Trade Balance
1. United States: $324 billion
2. Hong Kong: $295 billion
3. The Netherlands: $61 billion
4. India: $58 billion
5. The United Kingdom: $33 billion


HongKong is a filler and a useless technical entry as china uses HK for a lot of re-reouting of trade and financial flows. Taking out HK

India is the 3rd most important market for china. Its actually much bigger deal for china than people think. Only two other countries, US & Netherland are more valuable to china than India. So Hitting china economically hard by boycott is a powerful tool we can use. Proof of that how much chinese MEA bitches n moans everytime GoI talks about swadesi. If it wasnt important to then, they would ignore indian rants.

Plus a very big prize for china would be if india adopted huewei 5 G. Its 1.4 billion people, unimaginable amount of data collection. India can swing balance in favor of global acceptance of chinese 5G. So China wants access to indian markets at all costs. Lets pinch them where it hurts.

 

[here2where]

Fuel prices going up despite a glut in storage and crude due to global shutdown. Shouldn’t it be going down instead? Is it related to the galwan heat?

 

[indiatester]

Fuel prices going up despite a glut in storage and crude due to global shutdown. Shouldn’t it be going down instead? Is it related to the galwan heat?

Govt used the oil price slide to get the OMC's to a healthy state.
Now that the international prices are surging, they are allowing it to surge along.

Brent crude price chart for ref.

 

[afako]

This is not a relevant list. List of total trade surplus & deficit is more important than the nominal value of total exports. I.e. where chinas margins are highest, which gives most profit, which market is most valuable to china. In that list, India is much more important to china . Here:

China's Trading Partners - Top 5 Countries Where China Has a Positive Trade Balance
1. United States: $324 billion
2. Hong Kong: $295 billion
3. The Netherlands: $61 billion
4. India: $58 billion
5. The United Kingdom: $33 billion


HongKong is a filler and a useless technical entry as china uses HK for a lot of re-reouting of trade and financial flows. Taking out HK

India is the 3rd most important market for china. Its actually much bigger deal for china than people think. Only two other countries, US & Netherland are more valuable to china than India. So Hitting china economically hard by boycott is a powerful tool we can use. Proof of that how much chinese MEA bitches n moans everytime GoI talks about swadesi. If it wasnt important to then, they would ignore indian rants.

Plus a very big prize for china would be if india adopted huewei 5 G. Its 1.4 billion people, unimaginable amount of data collection. India can swing balance in favor of global acceptance of chinese 5G. So China wants access to indian markets at all costs. Lets pinch them where it hurts.

Netherlands imports goods into Rotterdam which is the hub of Europe shipping and from where goods are redirected to other countries. Hongkong and Netherlands are shipping hubs and warehouse. They don't actually consume any goods.

Therefore, India is the second largest profit centre for Chinese trade after USA.

US has started hitting them with tariffs and now Modi has swung into action in his own way. Chinese external profits are getting a dent.

Please check trade deficit of Pakistan and Bangladesh with China. They are very profitable for China.

 

[afako]

This settles the case once and for all. I have heard lot of BS like South India feeds North India. South India would have been much better as a separate nation.

North and South India combined pays as much tax as West India.

A region-wise division of direct tax contribution shows that the five southern states--Karnataka, Andhra Pradesh, Tamil Nadu, Telangana and Kerala--contribute 23 per cent to India’s direct tax revenues.

In comparison to this, north India (comprising J&K, Punjab, Haryana, Delhi, Uttarakhand, Himachal Pradesh and Uttar Pradesh) contributes 21.30 per cent to direct tax revenues. But this wealth isn’t uniformly shared as Delhi alone makes up 64.22 per cent of north India’s direct tax revenues.

Among all regions, west India (Maharashtra, Rajasthan, Gujarat and Goa) contributes the most, generating direct taxes worth 44.63 per cent of the national collection. But nearly 85 per cent of this comes from Maharashtra.

As India aims for $5 trillion economy, direct tax data show wealth concentrated in 3 states

The latest data released by the Central Board of Direct Taxes show Maharashtra, Delhi and Karnataka contribute 61% to India's total direct tax revenues.

www.google.com

 

[Haajmola]

This settles the case once and for all. I have heard lot of BS like South India feeds North India. South India would have been much better as a separate nation.

North and South India combined pays as much tax as West India.

A region-wise division of direct tax contribution shows that the five southern states--Karnataka, Andhra Pradesh, Tamil Nadu, Telangana and Kerala--contribute 23 per cent to India’s direct tax revenues.

In comparison to this, north India (comprising J&K, Punjab, Haryana, Delhi, Uttarakhand, Himachal Pradesh and Uttar Pradesh) contributes 21.30 per cent to direct tax revenues. But this wealth isn’t uniformly shared as Delhi alone makes up 64.22 per cent of north India’s direct tax revenues.

Among all regions, west India (Maharashtra, Rajasthan, Gujarat and Goa) contributes the most, generating direct taxes worth 44.63 per cent of the national collection. But nearly 85 per cent of this comes from Maharashtra.

As India aims for $5 trillion economy, direct tax data show wealth concentrated in 3 states

The latest data released by the Central Board of Direct Taxes show Maharashtra, Delhi and Karnataka contribute 61% to India's total direct tax revenues.

www.google.com

The fact is that richer states like MH, GJ and Southern states feed UP and Bihar. There is unimaginable amount of filth in just these two states.
The complaint from the southern states is generally that central government funded projects don't go to the south as often as to the north.

 

[indiatester]

This settles the case once and for all. I have heard lot of BS like South India feeds North India. South India would have been much better as a separate nation.

North and South India combined pays as much tax as West India.

A region-wise division of direct tax contribution shows that the five southern states--Karnataka, Andhra Pradesh, Tamil Nadu, Telangana and Kerala--contribute 23 per cent to India’s direct tax revenues.

In comparison to this, north India (comprising J&K, Punjab, Haryana, Delhi, Uttarakhand, Himachal Pradesh and Uttar Pradesh) contributes 21.30 per cent to direct tax revenues. But this wealth isn’t uniformly shared as Delhi alone makes up 64.22 per cent of north India’s direct tax revenues.

Among all regions, west India (Maharashtra, Rajasthan, Gujarat and Goa) contributes the most, generating direct taxes worth 44.63 per cent of the national collection. But nearly 85 per cent of this comes from Maharashtra.

As India aims for $5 trillion economy, direct tax data show wealth concentrated in 3 states

The latest data released by the Central Board of Direct Taxes show Maharashtra, Delhi and Karnataka contribute 61% to India's total direct tax revenues.

www.google.com

This data is not sufficient to draw that conclusion. They included both the corporate and individual income taxes. Because most companies are registered in Mumbai and Delhi, it will skew the statistic.

But then, we should not even put out that data as it allows people to take pot shots. Let data be dubious. It allow us to shut idiots who want to focus on differences.

 

[Sanatani]

It's peculiar to see ppl from different states fighting for superiority. I remember my friends saying their companies in South India paying double the amount to skiled workers from UP and Bihar to come back to work. Without workers big organizations are nothing. For a prosperous country the only thing that should matter is countrymen .

 

[Rxbanda]

Govt used the oil price slide to get the OMC's to a healthy state.
Now that the international prices are surging, they are allowing it to surge along.

Brent crude price chart for ref.
View attachment 51390

CAn you provide data/references to support this?
Thanks

 

[Heat]

There is unimaginable amount of filth in just these two states.

Do not disrespect the men who have and will build this country.
Given the sheer number of young people in these two states, they will keep driving our economy forward for decades to come.

 

[indiatester]

CAn you provide data/references to support this?
Thanks

https://www.msn.com/en-in/money/new...0-crore-in-q1fy21-on-static-rates/ar-BB13hyIu

Higher auto fuel margins are likely to be partially offset the inventory losses the OMCs have seen to take in the ongoing quarter due to the continuous fall in crude prices. ICICI Securities had recently said the three OMCs could among themselves report massive inventory - crude and products - losses of around Rs 33,000 crore in Q4FY20.

 

[Knowitall]

Guys what do we expect our growth rate to he from next year?

 

[Rxbanda]

Make in India: Centre allows export of PPE kits, caps monthly quota at 50 lakh

According to Apparel Export Promotion Council, the size of global market for PPEs is more than 60 billion dollars over the next five years

www.deccanchronicle.com

This is very good news. I read sometime back that in a few months of time, our PPE production raised from 0 to 4.5 lakhs. Now, we started exporting them. This will surely be a huge market in the coming years because COVID-19 is here to stay.
We should also focus on increasing the production of other related items, like
1) hand sanitizers
2)wet wipes
3) contactless thermometers
4) nitrile gloves etc.

 

[SKC]

Make in India: Centre allows export of PPE kits, caps monthly quota at 50 lakh

According to Apparel Export Promotion Council, the size of global market for PPEs is more than 60 billion dollars over the next five years

www.deccanchronicle.com

This is very good news. I read sometime back that in a few months of time, our PPE production raised from 0 to 4.5 lakhs. Now, we started exporting them. This will surely be a huge market in the coming years because COVID-19 is here to stay.
We should also focus on increasing the production of other related items, like
1) hand sanitizers
2)wet wipes
3) contactless thermometers
4) nitrile gloves etc.

Current production of of 7-8 lakh kits per day.

 

[ezsasa]

India records current account surplus of 0.1 per cent of GDP in Jan-Mar against deficit of 0.7 per cent of GDP in the year-ago period: RBI

 

[Spindrift]

India records current account surplus of 0.1 per cent of GDP in Jan-Mar against deficit of 0.7 per cent of GDP in the year-ago period: RBI

Probably due to the oil prices

 

[sorcerer]

India’s solar power tariffs hit a record low of ₹2.36 per unit

Solar power tariff hits new low of ₹2.36/unit

According to government officials, the lowest bid was placed by Spain’ Solarpack Corporación Tecnológica, S.A..This also assumes importance given that the rapid pace of clean energy capacity addition by India

www.livemint.com

 

[sorcerer]

Indian Railways creates history after running three loaded trains joined together in 'Anaconda' formation

Indian Railways creates history after running three loaded trains joined together in 'Anaconda' formation

The 'Super Anaconda' three-in-one freight service reportedly has 177 wagons and three electric locomotives with a 6000 HP capacity each.

zeenews.india.com