Indian Economy: News and Discussion

[shade]

Hope that no new bloody tax is added. Privatisation, even under the threat of strikes or what not, should be done. Honestly, I think this budget may be on par with 1991.

They will either increase tax or add some new kind of tax.
Middle class is the cow that keeps on giving revenue obediently.

 

[DerBronzeLord]

Perhaps that is why those 65 year plans are scrapped and Planning commission is dissolved. India is a very huge and complex country with multiple problems. That is why many innovations, many ideas and efforts at multiple level is required. Those who have the better understanding of the issue can deal with it in a better way. We have dealt with hunger poverty very effectively and now we are in a stage of developing country beyond hunger poverty such as providing them with houses, electricity, Medical facilities and cooking gas etc.

Have you ever seen where the anna yojana's 1 kg rice goes? The poor don't get shit. Only 1 out of my 5 maids got the rice for real. Getting a BPL card means paying under the table, and these people already don't have money. Most of the time, it goes to the local corporator or bigshot, who sells it at a higher price. However, cooking gas seems to be done right, don't know exact reason.

Planning Commission was absolute shit. A bunch of babus hanging at Delhi Club, thinking about the hot chick across the bar, and thinking about the nation once in a while. NITI Aayog is much better. I honestly believe that NITI Aayog should be given statutory powers of some kind, instead of being an advisory body.

 

[DerBronzeLord]

They will either increase tax or add some new kind of tax.
Middle class is the cow that keeps on giving revenue obediently.

I don't think so. Though the middle class is, as you aptly described, a cow, they need to increase demand this time to encourage foreign investors to invest here, either in a desi company or as a JV. However, import taxes will probably be raised, IF the GoI feels that local manufacturing has capability. Electronic components will definitely get a tax hike though. Maaaaybe, on mobile phones as well, along with car components. If you are on the stock market, invest in Motherson or electronic component manufacturers.

 

[shade]

I don't think so. Though the middle class is, as you aptly described, a cow, they need to increase demand this time to encourage foreign investors to invest here, either in a desi company or as a JV. However, import taxes will probably be raised, IF the GoI feels that local manufacturing has capability. Electronic components will definitely get a tax hike though. Maaaaybe, on mobile phones as well, along with car components. If you are on the stock market, invest in Motherson or electronic component manufacturers.

Yes they will hike import taxes on the usual suspects.
In terms of parts they seem to be specifically targeting the compressors used in ACs and Fridges.
Ofc this part is imported from China because it's the cheapest from there, and making it here would be expensive at the start.

 

[FalconSlayers]

Economic Survey 2021 Highlights: Missed the Survey? Here's everything that happened - The Economic Times

The Economic Survey 2021 has forecast India's economy to contract 7.7% in 2020-21, before witnessing a sharp recovery of 10-12% in 2021-22. It is expected that the economy grows at its trend growth rate of 6.5% in 2022-23 and 7% in 2023-24 aided by structural reforms.

economictimes.indiatimes.com

 

[FalconSlayers]

Boeing plans to tap Indian SMEs to build global manufacturing ecosystem

www.thehindubusinessline.com

 

[fire starter]

L&T bags an up to Rs 2,500 crore contract for Mumbai Ahmedabad bullet train.

L&T bags an up to Rs 2,500 crore contract for Mumbai Ahmedabad bullet train

The heavy civil infrastructure business of L&T Construction has secured a significant contract from two packages of the Mumbai-Ahmedabad High Speed Rail Corridor, L&T said in a regulatory filing.

www.moneycontrol.com

 

[FalconSlayers]

@Haldilal is it true?

 

[shade]

@Haldilal is it true?

We must use the Chinese method.
Take their money, build ourselves up, and then fuck them in their asses.

It is truly the best method, provided we have a proper deep state to "guide" the country even after BJP is defeated.

 

[sauntheninja]

 

[phndr]

 

[indus]

Only 1 out of my 5 maids got the rice for real.

You have 5 maids at home. You are every socialist s envy, and enemy

 

[DerBronzeLord]

You have 5 maids at home. You are every socialist s envy, and enemy

Ironically, one of my maids is a CPI worker. The only in the block, but still, RESISTANCE apparently.

 

[DerBronzeLord]

@Haldilal is it true?

Wot. If the UK held Saudi's ass, then why the fuck would they be collapsing like a House of Cards now? They could have used that oil money and saved their asses.

Any and all investment must be allowed. However, the conversion of any particular industry solely to foreign owned is dangerous. A JV or setting up a factory here is da besht. Acquiring companies is also okay but to a limit of 26% in the ecosystem.

People all off a sudden seem to be getting more protectionist, while we should be going hardcore capitalist. I know a dude who is a senior executive in a massive American Automaker. Acc to him, companies are moving at least 35-40% of their companies' production to India from China. Even in his company, he pitched hard for moving several prod centers to near BLR for their company. Desis in higher exec positions abroad are returning the favor to their homeland, but waits to be seen whether they are truly loyal or not.

 

[FalconSlayers]

Can someone explain crypto currency and why it is recommended to invest in it coz its value keeps increasing hence anyone can become rich right? It will be better if we have our own crypto, as it will be a game changer for Make in India and Atma Nirbhar bharat as payments of it can’t be used internationally and if all crypto prices keep increasing then Indians might become rich. Maybe I’m a boomer in crypto, pls don’t laugh and correct me where I’m wrong.

 

[DerBronzeLord]

Can someone explain crypto currency and why it is recommended to invest in it coz its value keeps increasing hence anyone can become rich right? It will be better if we have our own crypto, as it will be a game changer for Make in India and Atma Nirbhar bharat as payments of it can’t be used internationally and if all crypto prices keep increasing then Indians might become rich. Maybe I’m a boomer in crypto, pls don’t laugh and correct me where I’m wrong.

Crypto is hated by Central Govts throughout the world for two reasons: a) Unlike FIAT currency, or aam curency like chillar, notes, etc, crypto can't be controlled. Fixed amount, and no matter what gormint does, the value can't be changed. b) Illegal activities are rampant due to blockchain not allowing you to figure out who did what transaction other than the two involved in the transaction. Terrorists can easily fuck you. Govt can manipulate currency(due to India's manipulation, we are able to remain an exporting country, or we would have died).

Plus, crypto is highly volatile. Susceptible to a 51% attack. Only those with electricity(high amounts) will become rich due to mining, etc. Don't invest in crypto, unless you are investing in doge coin. That shit is just going up, up, up right now.

 

[FalconSlayers]

Crypto is hated by Central Govts throughout the world for two reasons: a) Unlike FIAT currency, or aam curency like chillar, notes, etc, crypto can't be controlled. Fixed amount, and no matter what gormint does, the value can't be changed. b) Illegal activities are rampant due to blockchain not allowing you to figure out who did what transaction other than the two involved in the transaction. Terrorists can easily fuck you. Govt can manipulate currency(due to India's manipulation, we are able to remain an exporting country, or we would have died).

Plus, crypto is highly volatile. Susceptible to a 51% attack. Only those with electricity(high amounts) will become rich due to mining, etc. Don't invest in crypto, unless you are investing in doge coin. That shit is just going up, up, up right now.

Why crypto prices go up and down and how?

 

[sauntheninja]

Wot. If the UK held Saudi's ass, then why the fuck would they be collapsing like a House of Cards now? They could have used that oil money and saved their asses.

Any and all investment must be allowed. However, the conversion of any particular industry solely to foreign owned is dangerous. A JV or setting up a factory here is da besht. Acquiring companies is also okay but to a limit of 26% in the ecosystem.

People all off a sudden seem to be getting more protectionist, while we should be going hardcore capitalist. I know a dude who is a senior executive in a massive American Automaker. Acc to him, companies are moving at least 35-40% of their companies' production to India from China. Even in his company, he pitched hard for moving several prod centers to near BLR for their company. Desis in higher exec positions abroad are returning the favor to their homeland, but waits to be seen whether they are truly loyal or not.

Yeah like Protectionist isn't the reason why we have a shit manufacturing base where we simply can't compete with foreign companies because our companies are always protected and the reason why we had such a bad growth rate before 1991 reforms

 

[Nationalist Manasvi Papa]

Crypto is hated by Central Govts throughout the world for two reasons: a) Unlike FIAT currency, or aam curency like chillar, notes, etc, crypto can't be controlled. Fixed amount, and no matter what gormint does, the value can't be changed. b) Illegal activities are rampant due to blockchain not allowing you to figure out who did what transaction other than the two involved in the transaction. Terrorists can easily fuck you. Govt can manipulate currency(due to India's manipulation, we are able to remain an exporting country, or we would have died).

Plus, crypto is highly volatile. Susceptible to a 51% attack. Only those with electricity(high amounts) will become rich due to mining, etc. Don't invest in crypto, unless you are investing in doge coin. That shit is just going up, up, up right now.

There's a currency based on fking memes?
Wow!

 

[FalconSlayers]

There's a currency based on fking memes?
Wow!

It started as a joke but we humans have a habit of exaggerating matters hence Doge coin is getting popular and its prices are rising as fuck.