Indian Economy: News and Discussion

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BHARAT will now import oil from Russia; aims for price stability :


Rosneft, OVL’s partner, has been consistently trying to increase the shares in other oil fields in the region by forming a consortium of BHARTIYA investors such as Oil India, Indian Oil Corporation, and Bharat Petro Resources.


To date, BHARTIYA oil and gas companies have acquired stakes in 5 Russian companies/projects at a value of about $15 bn. Rosneft, as the leader of a consortium of investors, has acquired a 98% stake in India’s Essar Oil that owns the Vadinar refinery in Gujarat, India’s second-largest.


In fact, the Modi government is seriously into looking at the process of privatizing many of the oil majors and some are having very serious discussions with Russian companies to see if some of these stakes can be acquired by Russian companies. Likewise, Delhi is looking at long-term arrangements for the supply of coking coal from Russia for BHARTIYA steel plants.

See - https://eurasiantimes.com/how-old-p...alibrate-their-strategic-ties-through-energy/

See - https://www.financialexpress.com/ec...from-russia-aims-for-price-stability/1858121/
 
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Doesn't change data . Fact is china in net food importer and insufficient in food production.
Very true...

Remember China has a history of exporting food grains when there was famine during their disastrous great leap forward. China became a net food importer in 2004. Its import dependence is irreversible. It will face a domestic grain supply gap of about 130 million tonnes by the end of 2025. It continues to import seeds due to lack of technology. Wheat, corn, and rice are the main ingredients of the Chinese food basket. AlsoAround 35% of New Zealand’s seafood is exported to China.

China’s food import of pigs, pork products, soyabeans and vegetable oils has increased fivefold in the first half of 2020 compared to 2019. There is food shortage in China. Laws to regulate grain production and purchases as well as consumption are being contemplated. Xi Jinping has ‘publicly scolded’ people on wastage of food. The situation is grim. From a long term perspective China is forecast to have food shortage gaps beyond 2025 due to industrialisation, urbanisation, loss of arable land, ageing population, and pollution. In future its outside dependence on energy and food will create vulnerabilities.

This is a very interesting research paper .

See - https://www.nature.com/articles/s41538-018-0012-x

One other paper , ‘China Talks of US Decoupling and a Divided World’ highlights the views of Zhou Li, a high ranker in CCP. He cautions China to prepare for - shrinking external demand, disruption of supply chains, coexistence with coronavirus over the long term, an outbreak of a global food crisis (in China?) and a resurgence of international terrorism (Tibetan and Uighur?).


Similarly, China’s water situation is problematic with low efficiency, poor quality and unequal distribution throughout the country. China’s available water supply per person is only 2050 m3 or 25% of the world’s per capita average. Irrigation of rural crops accounts for 60% of China’s total water demand with inefficient delivery of the order of 30–40%,

See - https://asia.nikkei.com/Editor-s-Pi...na-talks-of-US-decoupling-and-a-divided-world

In 2018, China fed 20% of the world’s population on 7% of the world’s farmlands. To accomplish this feat, China paid a heavy price. China’s excessive and inefficient use of chemical fertilizers, increasing 3-fold in the past three decades, efficiencies averaging at 32% compared to world average of 55%,contributed to its current harmful state of environmental pollution.

Food shortages in China might push Xi Jinping to take drastic actions against Taiwan and elsewhere


China is believed to be on the brink of a major food shortage, which might trigger a strategic contest over food security and push Chinese President Xi Jinping already under intense pressure, toward drastic measures, potentially spelling trouble for Taiwan and other parts of the world.

See - https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

China has 19% of the global population but only 7% of arable land and freshwater resources. Both are diminishing. There are questions of sustainable development due to environmental degradation, pollution, climate change, disease, urbanisation, industrial growth, and demography. More than 40% of China's arable land is degraded seriously.

See - http://www.chinadaily.com.cn/china/2014-11/05/content_18871081.htm


China Food Crisis? Rising Domestic Prices And Large Import Purchases Send A Signal :

See - https://www.forbes.com/sites/salgil...port-purchases-send-a-signal/?sh=6b17d4b51bcb


Bharat now just need to create that opportunity and give the Chinese a shock once again. Many things will fall in place.
 
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Tamil Nadu and Maharashtra already have bigger economy than Pakistan UP will be added in the list in next 5-6 years we will see Rajasthan, Gujrat Karnataka, Bihar , Bengal , Madhya Pradesh , Odisha , Andhra Pradesh , Telangana also overtaking Pakistan
Pakistani GDP is already at around sub $240-250 billions and one of few highly unstable economies (other being Venezuela and Somalia) where IMF couldn't calculate actual GDP.

Safely, Maharashtra and UP have already overtaken its GDP while Karnataka, Tamil Nadu and Gujarat have their GDPs just a little higher and lower than it.
 

FalconSlayers

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Pakistani GDP is already at around sub $240-250 billions and one of few highly unstable economies (other being Venezuela and Somalia) where IMF couldn't calculate actual GDP.

Safely, Maharashtra and UP have already overtaken its GDP while Karnataka, Tamil Nadu and Gujarat have their GDPs just a little higher and lower than it.
Wikipedia shows $284 Bn for porkistan
 

fire starter

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Govt via IOCL will be building a GW Scale Aluminium (not Lithium) based EV Battery Mfg Plant with an Israeli Firm. Battery to have 400km running capacity. The GOI via IOCL is also investing ₹1200 Cr to set up Ethanol Plants in Telangana & Andhra.
 
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Pakistani GDP is already at around sub $240-250 billions and one of few highly unstable economies (other being Venezuela and Somalia) where IMF couldn't calculate actual GDP.

Safely, Maharashtra and UP have already overtaken its GDP while Karnataka, Tamil Nadu and Gujarat have their GDPs just a little higher and lower than it.
Lmao chutiya inbredistani are such a massive shitheads they constructed a madarsachaap motorway between la whore and shitlamabad. Its a good data point to understand how un-optimised highways can screw the economy - implying porkies ever had any. The motorway took more than seven years to build, with a total cost of approximately $1.2bn ., Even after more than 20 years of its construction, the motorway has not seen a damn increase in freight traffic; rather, it has only added to porkys’s foreign debt service obligations which stands at 121 billion by now .

Hundreds of such fraud projects exists and there is absolutely no public documentation ever made available by greedy half dyk jernails at the top to keep the inbred awam eternally in denial.
 

FalconSlayers

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$284 was for 2018 or 19.
For 2020, they were $239 billions for pandemic started. Even if they maintain growth and in fact I presume high growth, they can't exceed $260 billions.
Can you please share source? Because condition of Pakistan is so worse that even IMF can’t project their economy and I’m not exaggerating, Pakistan and Syria are only two countries of the world who’s economic projections are unavailable on IMF’s website.
 
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Can you please share source? Because condition of Pakistan is so worse that even IMF can’t project their economy and I’m not exaggerating, Pakistan and Syria are only two countries of the world who’s economic projections are unavailable in IMF’s website.
For 2020, they were $239 billions for pandemic started. Even if they maintain growth and in fact I presume high growth, they can't exceed $260 billions.
It was 248 billion for year 2020.
 
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Fuck this shit. If you click the citation it takes you to imf.org page and the chart shows 'n/a' .:rofl: :rofl: :rofl: :rofl: :rofl:

Btw, the 248 billion usd is from here -
FY 201711,696.934
Increase
5.22%
31,922.303104.8861
(30 Jun)
lol33,665.946104.6971
Increase
321.555
197.26
Increase
$1,543
Increase
1630
FY 201812,344.266
Increase
5.80%
34,616.302121.5405
(29 Jun)
lol36,462.453109.8444
Increase
439.564
200.96
Decrease
$1,417
Increase
1652
FY 201912,580.174
Increase
1.91%
37,972.310163.0546
(30 Jun)
lol40,526.341136.0901
Decrease
297.790
204.65
Decrease
$1,138
Decrease
1455
FY 202012,531.790
Decrease
-0.38%
41,726.683168.1662
(30 Jun)
Increase
248.128
44,690.632158.0253
Decrease
282.806
208.31
Increase
$1,191
Decrease
1358
 

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