Indian Economy: News and Discussion

sauntheninja

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Investment from central government in Bihar UP region is very low connectivity has improved but still very poor Central Government should come with innovative ideas to promote economic growth in landlocked areas eastern UP and Bihar has huge potential in agriculture but needs stimulus from centre
This yeah eventfully UP will become rich but most of it will be concentrated to a few cities while a large chunk will be poor just see Maharashtra cities surrounding Mumbai is rich but everywhere else is extremely poor
 

Chandragupt Maurya

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They are developing them on one city one product ,also defense corridor include poor region too , they are expanding noida effect to other areas
It’s actually agriculture which can change the fate of Bihar and Eastern UP land is fertile ground water reserves are abundant we can make our own Denmark in This region
 

SKC

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Bohot jyada

Anyways they have mou worth 4.8 lakhs , and a lot has been invested , add expansion of existing facilities , they have a advantage of ncr but still bringing this much investment in such a state is commendable
During Akhilesh's Govt, Business were running from UP to Tamil Nadu and Uttrakhand. But now Business are moving in to Noida-Gr. Noida-Jewar belt. Few more Industrial townships are being made from Jewar to Lucknow.
A lot people are selling off their business plot in Delhi and coming to Gr. Noida buying bigger plots here. It is becoming infeasible to run big factories and business in Delhi nowadays. You get bigger area in lower price in UP and cheaper labour and raw material.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
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Aren’t we a third wirld poor country? I am desperately waiting for the money to return, @Haldilal do you think a debt crisis in America due to this?
Ya'll Nibbiars Any one would invest in there Debt. Its also make sense. You will be surprised by the foreign ownership of their debts.
 

sunshine

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From where did you get rice price ?
Because we purchase rice from grocery shop at 500 dollar per tonne.

What is the price of Rice in Yuan per kg in grocery stores in China ?
The price of rice in China depends on the variety. The price of delicious rice is high, especially the rice with long growth time produced in the northeast region, the price is more expensive.The price of rice of the south is cheap in two seasons a year.
They range from 5 yuan to 14 yuan per kilogramThe most northern Heilongjiang produces the longest growing time, the most delicious and more expensive.

 

sunshine

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China runs a huge food deficit overall. It is importing more than 100 billion USD food every year while exports only less than half of it.

That's the actual data . It consists of all food items not just grains. China is a net food insecure country which can't actually feed itself without imports.

Read up

You can see what China mainly imports.Now how to eat well, imported from 187 countries around the world.Almost 100 billion dollars a year, mainly beef, seafood, lobster, salmon, milk, fruit, candy, juice,Red wine. I often buy Cyprus juice,American beef, Canadian sea cucumber,Philippine Banana, American Cherry,But I seldom buy Australian breaded crab, it's too expensive.Food is a part of Chinese culture, of course, money to buy the world's food.It can even be purchased directly online.Irish live bread crab, 268 yuan per, 600-800 grams.
Screenshot_20210227_183622.jpg

1688 yuan a piece, five catties of Russian king crab.
Screenshot_20210227_183847.jpg

Economic Watch: Imported food gains popularity in China
Source: Xinhua| 2018-07-28 14:26:08|

BEIJING, July 28 (Xinhua) -- Chinese consumers' demand for imported food has been growing steadily as the standard of living in China improves, according to a statement from the General Administration of Customs.

China's total food imports amounted to 58.28 billion dollars last year, up 25 percent year-on-year, while the annual average growth rate over the previous five years was 5.7 percent, data from the administration showed.

The European Union remained China's largest supplier of food, followed by the United States, New Zealand, Indonesia and Canada. Meat, oil, dairy, and seafood were among the most popular food imports in China.

Chen Weinian, purchasing director at Shanghai's City Shop, said that foreign food used to be consumed mainly by foreign expatriates and are now being favored by a lot more Chinese.

A separate report from the National Development and Reform Commission showed that the country's Engel's coefficient dropped to 29.3 percent in 2017, below the benchmark of 30 percent for the first time set by the Food and Agricultural Organization of the United Nations and falling into the range for a wealthy life.

Although the proportion of income spent on food fell, Chinese people have become increasingly picky about their food consumption and want diversity and exotic tastes more.

For instance, over the past few years, China has been increasing its fruit imports from Latin America. The country's avocado imports from Mexico, Chile, and Peru in 2017 alone reached 30,000 tonnes.

China announced a series of measures to reduce tariffs and expand imports at the 2018 Boao Forum For Asia Annual Conference, including a 55.9 percent average decline of the MFN rates for various sectors, including food and beverages.

In addition, with the development of cross-border e-commerce and custom transportation, buying imported food is becoming more convenient and efficient.

China has identified 22 cities, including Beijing, Nanjing, and Wuhan, as venues for comprehensive cross-border e-commerce pilot zones.

The growth rates of imports and exports in these pilot zones remained above 100 percent in the past two years.

Platforms for cross-border e-commerce are also thriving. As of May, over 400 third-party platforms and 20,000 transnational e-commerce enterprises had been newly established in the first 13 pilot zones.

Cainiao, a cross-border e-commerce network of Alibaba, has built 110 global warehouses and 74 cross-border logistic lines and offers services in 224 countries and regions.

As a crucial part of food importation, Chinese customs have been striving to accelerate transportation and strengthen surveillance to ensure the quality and freshness of imported food.

"We have opened 'green channels' for imported food and simplified the import procedures for food products to limit the process from arrival to release to just one hour," said Zhang Xin, vice chief of Zhengzhou customs in Henan.

Zhang added that in the first half of the year, they had reduced the average time for an imported product to go through customs to 6.69 hours, down 45.8 percent year-on-year.

Food safety is a priority for China's booming imported food sector. As a watchdog of food safety, the General Administration of Customs successfully prevented several major imported food safety problems in 2017.

The administration further bolstered the regulation of imported food and facilitated the cooperation with its international counterparts to ensure food safety, according to its report released in July.

In 2017, a total of 49,000 tonnes of substandard imported food products from 94 countries and regions were seized by China's customs, according to the administration.

The administration also makes regular reports on the quality and safety of imported food to promote the communication and mutual understanding between the government, enterprises, and consumers.
 

saneel2014

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You can see what China mainly imports.Now how to eat well, imported from 187 countries around the world.Almost 100 billion dollars a year, mainly beef, seafood, lobster, salmon, milk, fruit, candy, juice,Red wine. I often buy Cyprus juice,American beef, Canadian sea cucumber,Philippine Banana, American Cherry,But I seldom buy Australian breaded crab, it's too expensive.Food is a part of Chinese culture, of course, money to buy the world's food.It can even be purchased directly online.Irish live bread crab, 268 yuan per, 600-800 grams.
View attachment 79971
1688 yuan a piece, five catties of Russian king crab.
View attachment 79972
Economic Watch: Imported food gains popularity in China
Source: Xinhua| 2018-07-28 14:26:08|

BEIJING, July 28 (Xinhua) -- Chinese consumers' demand for imported food has been growing steadily as the standard of living in China improves, according to a statement from the General Administration of Customs.

China's total food imports amounted to 58.28 billion dollars last year, up 25 percent year-on-year, while the annual average growth rate over the previous five years was 5.7 percent, data from the administration showed.

The European Union remained China's largest supplier of food, followed by the United States, New Zealand, Indonesia and Canada. Meat, oil, dairy, and seafood were among the most popular food imports in China.

Chen Weinian, purchasing director at Shanghai's City Shop, said that foreign food used to be consumed mainly by foreign expatriates and are now being favored by a lot more Chinese.

A separate report from the National Development and Reform Commission showed that the country's Engel's coefficient dropped to 29.3 percent in 2017, below the benchmark of 30 percent for the first time set by the Food and Agricultural Organization of the United Nations and falling into the range for a wealthy life.

Although the proportion of income spent on food fell, Chinese people have become increasingly picky about their food consumption and want diversity and exotic tastes more.

For instance, over the past few years, China has been increasing its fruit imports from Latin America. The country's avocado imports from Mexico, Chile, and Peru in 2017 alone reached 30,000 tonnes.

China announced a series of measures to reduce tariffs and expand imports at the 2018 Boao Forum For Asia Annual Conference, including a 55.9 percent average decline of the MFN rates for various sectors, including food and beverages.

In addition, with the development of cross-border e-commerce and custom transportation, buying imported food is becoming more convenient and efficient.

China has identified 22 cities, including Beijing, Nanjing, and Wuhan, as venues for comprehensive cross-border e-commerce pilot zones.

The growth rates of imports and exports in these pilot zones remained above 100 percent in the past two years.

Platforms for cross-border e-commerce are also thriving. As of May, over 400 third-party platforms and 20,000 transnational e-commerce enterprises had been newly established in the first 13 pilot zones.

Cainiao, a cross-border e-commerce network of Alibaba, has built 110 global warehouses and 74 cross-border logistic lines and offers services in 224 countries and regions.

As a crucial part of food importation, Chinese customs have been striving to accelerate transportation and strengthen surveillance to ensure the quality and freshness of imported food.

"We have opened 'green channels' for imported food and simplified the import procedures for food products to limit the process from arrival to release to just one hour," said Zhang Xin, vice chief of Zhengzhou customs in Henan.

Zhang added that in the first half of the year, they had reduced the average time for an imported product to go through customs to 6.69 hours, down 45.8 percent year-on-year.

Food safety is a priority for China's booming imported food sector. As a watchdog of food safety, the General Administration of Customs successfully prevented several major imported food safety problems in 2017.

The administration further bolstered the regulation of imported food and facilitated the cooperation with its international counterparts to ensure food safety, according to its report released in July.

In 2017, a total of 49,000 tonnes of substandard imported food products from 94 countries and regions were seized by China's customs, according to the administration.

The administration also makes regular reports on the quality and safety of imported food to promote the communication and mutual understanding between the government, enterprises, and consumers.
that crab is expensive....here u can get good quality red sea crab(1kg) for less than 200 yen and for that 270 yen u can get super big crabs
 

sunshine

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that crab is expensive....here u can get good quality red sea crab(1kg) for less than 200 yen and for that 270 yen u can get super big crabs
The big seafood imported to China is more expensive, and live seafood is several times more expensive than dead and frozen seafood. Frozen beef is cheaper and juice is cheaper than domestic.
You have all kinds of festivals, such as the Lantern Festival, and all the festivals in China are the most abundant meals for families to eat together. 😂
 

sorcerer

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US owes India $216 bn as American debt soars to $29 trillion: Lawmaker

The US, the world's largest economy, owes India $216 billion in loan as the country's debt grows to a record $29 trillion, an American lawmaker has said, cautioning the leadership against galloping foreign debt, the largest of which comes from China and Japan.

 

IndianHawk

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You can see what China mainly imports.Now how to eat well, imported from 187 countries around the world.Almost 100 billion dollars a year, mainly beef, seafood, lobster, salmon, milk, fruit, candy, juice,Red wine. I often buy Cyprus juice,American beef, Canadian sea cucumber,Philippine Banana, American Cherry,But I seldom buy Australian breaded crab, it's too expensive.Food is a part of Chinese culture, of course, money to buy the world's food.It can even be purchased directly online.Irish live bread crab, 268 yuan per, 600-800 grams.
View attachment 79971
1688 yuan a piece, five catties of Russian king crab.
View attachment 79972
Economic Watch: Imported food gains popularity in China
Source: Xinhua| 2018-07-28 14:26:08|

BEIJING, July 28 (Xinhua) -- Chinese consumers' demand for imported food has been growing steadily as the standard of living in China improves, according to a statement from the General Administration of Customs.

China's total food imports amounted to 58.28 billion dollars last year, up 25 percent year-on-year, while the annual average growth rate over the previous five years was 5.7 percent, data from the administration showed.

The European Union remained China's largest supplier of food, followed by the United States, New Zealand, Indonesia and Canada. Meat, oil, dairy, and seafood were among the most popular food imports in China.

Chen Weinian, purchasing director at Shanghai's City Shop, said that foreign food used to be consumed mainly by foreign expatriates and are now being favored by a lot more Chinese.

A separate report from the National Development and Reform Commission showed that the country's Engel's coefficient dropped to 29.3 percent in 2017, below the benchmark of 30 percent for the first time set by the Food and Agricultural Organization of the United Nations and falling into the range for a wealthy life.

Although the proportion of income spent on food fell, Chinese people have become increasingly picky about their food consumption and want diversity and exotic tastes more.

For instance, over the past few years, China has been increasing its fruit imports from Latin America. The country's avocado imports from Mexico, Chile, and Peru in 2017 alone reached 30,000 tonnes.

China announced a series of measures to reduce tariffs and expand imports at the 2018 Boao Forum For Asia Annual Conference, including a 55.9 percent average decline of the MFN rates for various sectors, including food and beverages.

In addition, with the development of cross-border e-commerce and custom transportation, buying imported food is becoming more convenient and efficient.

China has identified 22 cities, including Beijing, Nanjing, and Wuhan, as venues for comprehensive cross-border e-commerce pilot zones.

The growth rates of imports and exports in these pilot zones remained above 100 percent in the past two years.

Platforms for cross-border e-commerce are also thriving. As of May, over 400 third-party platforms and 20,000 transnational e-commerce enterprises had been newly established in the first 13 pilot zones.

Cainiao, a cross-border e-commerce network of Alibaba, has built 110 global warehouses and 74 cross-border logistic lines and offers services in 224 countries and regions.

As a crucial part of food importation, Chinese customs have been striving to accelerate transportation and strengthen surveillance to ensure the quality and freshness of imported food.

"We have opened 'green channels' for imported food and simplified the import procedures for food products to limit the process from arrival to release to just one hour," said Zhang Xin, vice chief of Zhengzhou customs in Henan.

Zhang added that in the first half of the year, they had reduced the average time for an imported product to go through customs to 6.69 hours, down 45.8 percent year-on-year.

Food safety is a priority for China's booming imported food sector. As a watchdog of food safety, the General Administration of Customs successfully prevented several major imported food safety problems in 2017.

The administration further bolstered the regulation of imported food and facilitated the cooperation with its international counterparts to ensure food safety, according to its report released in July.

In 2017, a total of 49,000 tonnes of substandard imported food products from 94 countries and regions were seized by China's customs, according to the administration.

The administration also makes regular reports on the quality and safety of imported food to promote the communication and mutual understanding between the government, enterprises, and consumers.

Doesn't change data . Fact is china in net food importer and insufficient in food production.
 

FalconSlayers

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The big seafood imported to China is more expensive, and live seafood is several times more expensive than dead and frozen seafood. Frozen beef is cheaper and juice is cheaper than domestic.
You have all kinds of festivals, such as the Lantern Festival, and all the festivals in China are the most abundant meals for families to eat together. 😂
Please don’t do this in this thread
 
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Uttar Pradesh Soars To Second Highest Position In GSDP Amid Pandemic-Pushed Slowdown :

Yogi Adityanath-led Uttar Pradesh has registered the second-highest Gross State Domestic Product (GSDP) in India at Rs 19.48 lakh crore.
In the process, the state has surpassed Gujarat, Karnataka, and Tamil Nadu. The achievement has come to UP, reflecting economic revival, amid the Covid-driven economic slowdown.


See -https://swarajyamag.com/news-brief/yogi-adityanath-led-uttar-pradesh-soars-to-second-largest-position-in-gsdp-amid-pandemic-pushed-slowdown
 

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