Indian Economy: News and Discussion

HariPrasad-1

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Any update on it's infra , diamond tower is a long due
There is a progress in everything except Diamond tower. It is delayed because the airport authority is not changing the routes of planes. It is too high that it can obstruct the plane path. This is the last information I had which is very old.
 

Lonewolf

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There is a progress in everything except Diamond tower. It is delayed because the airport authority is not changing the routes of planes. It is too high that it can obstruct the plane path. This is the last information I had which is very old.
What about gateway towers , and riverfront
 

SKC

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He is an anarchist which he himself accepts. It is a high time that Delhi should be free from the grip of this leftist, anti development, commie, corrupt regime of Khas Admi Party.
As is said earlier, Ever since AAP has come to power in Delhi, he has made life of business class a hell. I have seen in-numerous people selling off their business in Delhi and started their new setup in Noida-Gr.Noida-Ghaziabad.
He mode of attracting votes is simply to increase labor pay scale every 6 months. There will be a time when he will make the labor payscale to Rs 25000 for semi-skill worker and above 30K per month for skilled one!
 

HariPrasad-1

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As is said earlier, Ever since AAP has come to power in Delhi, he has made life of business class a hell. I have seen in-numerous people selling off their business in Delhi and started their new setup in Noida-Gr.Noida-Ghaziabad.
He mode of attracting votes is simply to increase labor pay scale every 6 months. There will be a time when he will make the labor payscale to Rs 25000 for semi-skill worker and above 30K per month for skilled one!
His model seems like the one of Commies in WB. Make labor class happy and destroy the businesses. When people will realize it, it will be too late. The good part is that BJP is the main opposition party which has a power to kick AAP out. It has happened in by polls. RSS, BJP and VHP should work in co ordination to wipe this neo commie party out.
 

FalconSlayers

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As is said earlier, Ever since AAP has come to power in Delhi, he has made life of business class a hell. I have seen in-numerous people selling off their business in Delhi and started their new setup in Noida-Gr.Noida-Ghaziabad.
He mode of attracting votes is simply to increase labor pay scale every 6 months. There will be a time when he will make the labor payscale to Rs 25000 for semi-skill worker and above 30K per month for skilled one!
Delhiites vote for him, there’s nothing we can do. If BJP wins, economy of Delhi will boom again, Delhi has the potential to become a $1Trillion economy in PPP terms, BJP can do it, Kejriwal can’t.
 

FalconSlayers

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Please provide text , not a subscriber
ECONOMY
India’s Post-Pandemic Pathway to a $5 Trillion Economy
by Minhaz Merchant- Mar 1, 2021 12:45 PM
[IMG alt="India’s Post-Pandemic Pathway to a
$5 Trillion Economy
"]https://images.assettype.com/swaraj...q=75&auto=format,compress[/IMG]Representative image (Unsplash)
Snapshot
  • PM Modi envisioned India as a five trillion dollar economy by 2024-25.
    The coronavirus pandemic may have postponed the date, but a $5 trillion Indian economy is not too far off.
Economists of a certain persuasion declare that the Covid pandemic has ruined India’s chances of achieving a $5 trillion economy in the near future.
They’re wrong. Let’s do the math.
According to the 2021-22 Union Budget, nominal GDP on 31 March 2021 is projected at Rs. 195 lakh crore.
The Budget projects a 14.4 per cent growth in nominal GDP (real + inflation) in 2021-22. According to the Budget document, this will result in a GDP of Rs. 223 lakh crore on 31 March 2022.
So far so good. Now assume an average real GDP growth of 7 per cent per year in the six-year period between 1 April 2022 and 31 March 2028. Add average inflation of 5 per cent a year.
These assumptions are based on the large capital expenditure in the Budget that will drive growth. Borrowings will keep inflation at around 5 per cent.
Thus average nominal GDP growth between 2022 and 2028 will, on a conservative estimate, average 12 per cent a year. Hence the projected GDP of Rs. 223 lakh crore on 31 March 2022 will double in six years to Rs. 450 lakh crore on a compounded annual growth basis.
Now consider the rupee-dollar exchange rate. Historically, the rupee has depreciated by an average of 3 per cent a year against the dollar or 20 per cent compounded over six years. This translates into the rupee sliding from 73 to a dollar today to around 90 to a dollar by March 2028.
Converting the projected GDP of Rs. 450 lakh crore in 2027-28 to dollars, we get a GDP of $5 trillion.
There are three caveats.
One, the INR-dollar rate is difficult to predict but the flood of foreign investment into India – both FDI and FII – augurs well for a better than expected foreign exchange rate in future.
Two, real GDP growth at an annual average of 7 per cent will need the government to double down on structural reforms. Privatisation, if implemented without bureaucratic sabotage (as happened with Air India in 2018), can be a significant growth driver.
Three, micro-reforms like the Production Linked Incentive (PLI) scheme have enormous potential to shift global production to India. This will also make India an export hub for mobile phones, cars, electronics, IT hardware and pharmaceuticals as foreign companies seek the four-six per cent PLI advantage by manufacturing in India for the world.
Economists drowned in negativity argue that the core sector is still flat and jobs are not being created. Coming off a pandemic, however, the economy has shown great resilience. Corporate profits for the October-December 2020 quarter have rebounded strongly.
This is what the global CEO of Unilever, Alan Jope, said about India’s growth prospects: “84 per cent of (our) Indian business has seen growing volumes and there is significant opportunity for growth.”
India is Unilever’s second largest market after the United States which accounts for 18 per cent of global sales. India accounts for 10 per cent of Unilever’s worldwide sales, ahead of China (6 per cent).
The Indian government is sometimes the country’s biggest obstacle to progress – from retrospective tax legislation to a refusal to implement the direct tax code (DTC) and simplify the GST into a two-rate tax.
The Centre seems to have finally recognised that it should get out of the way of business and focus on its job: governance. The decision to privatise a large majority of India’s 300-plus PSUs and PSBs indicates that economic wisdom has dawned on the government.
What could go wrong with India’s growth story over the next few years?
The principal concern is political. With several key elections due in the next three years, motivated agitations could hamper growth.
Assembly polls in West Bengal and Assam in March-April 2021 are especially critical. They will set the tone for the bellwether Uttar Pradesh election in the summer of 2022 – a precursor to the 2024 general election.
It has taken Prime Minister Narendra Modi six years to shed the yoke of Congress leader Rahul Gandhi’s suit-boot ki sarkar taunt. Full-throated privatisation is the best answer to the Gandhis’ povertarian economics.
Reforms must now be accelerated. A new generation, born in 2000, is coming of age and moving into their first jobs. Startup entrepreneurs in their 20s reflect a new spirit of can-do rather than geriatric economists in their 60s and 70s who revel in can’t-do. Thousands of staff in startups like PhonePe are receiving ESOPs, making them millionaires overnight. A consumption boom is around the corner.
Professional pessimists like Mahesh Vyas, CEO and MD of the Centre for Monitoring Indian Economy (CMIE), regularly provide mournful news of job losses in urban India while grudgingly admitting the reverse in rural India.
The nature of jobs though has changed, partly due to the pandemic and partly because of new technology. It will take a while for equilibrium to be established in the jobs market.
Foreign investors with skin in the game through large equity holdings in Indian companies look at India dispassionately, without a jaundiced eye. They exude confidence in India’s future. Indian commentators who have no skin in the game in contrast thrive on doomsday prophecies.
It is wise, however, to take some of these prophecies into account. India’s economy is like a car being driven with its handbrake on. Regulators, bureaucrats and agitators all have their hand placed firmly on the brake so that the economy moves forward only by fits and starts.
It’s time to take those hands of the brake and step on the accelerator towards a delayed but near-certain $5 trillion GDP in 2027-28, making India the fourth largest economy in the world behind the United States, China and Japan and ahead of Germany, Britain and France.
Matters shouldn’t rest there. At a real average annual growth rate of 7 per cent and 5 per cent inflation, nominal GDP will double to $10 trillion in 2034. Only the US and China will have larger economies than India.
This is when India will move into the orbit of the three Great Powers. In the intervening years, the Modi government and its successors must ensure that the quality of governance rises in tandem with the growth of the economy.
 

BlackViking

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Delhiites vote for him, there’s nothing we can do. If BJP wins, economy of Delhi will boom again, Delhi has the potential to become a $1Trillion economy in PPP terms, BJP can do it, Kejriwal can’t.
When something is free, you are the product. AAP will consume Delhiites.
.
.
Edit: But sad me, I am also a delhi resident.
 
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here2where

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more importantly domestic LPG today is 850/- and above in bengal.... and its elections season...

 
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SKC

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more importantly domestic LPG today is 850/- and above in bengal.... and its elections season...
This is one thing I don't understand, we are finding more and more gas blocks inside country and production is increasing year by year. Sometime back companies claimed that Krishna Godavari Basin has largest gas reserves in the world. But still Gas is so costly in India.
Moreover We are mixing bio sourced ethanol in increasing amount in Petrol but still prices are increasing!
How much amount of ethanol is to be mixed with petrol to reduce the prices of Petrol?
 
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Knowitall

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One of the best videos on Delhi Mumbai expressway till date.

On point no stupid music has all the info explaining the method of construction materials used project details current status everything speed limit etc.

Overall excellent video and high quality content will cover all the topics and doubts anyone has related to this project.
 

SKC

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One of the best videos on Delhi Mumbai expressway till date.

On point no stupid music has all the info explaining the method of construction materiales used project details current status everything speed limit etc.

Overall excellent video and high quality content will cover all the topics and doubts anyone has related to this project.
This person has the best videos on Expressways, highways and road project so far in India. Simple and precise information.
 

FalconSlayers

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Don't you think guys we are building economy on inviting companies to setup their manufacturing in India, same as china does. But i think India should build new products/technologies so that dependencies will be created.
We are just doing contract manufacturing and free business for all, it benefits both the business of abroad and the economy of India and deepens ties between India and other countries. So free trade is all we want.
 

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