Indian Economy: News and Discussion

FalconSlayers

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This reminds of the fact that Rajasthan Royals are thinking of setting up an academy in Bangladesh when there are so many places in India which need that infrastructure
Fun fact is that they will manufacture the vehicles there and import it here 🤦‍♂️. They don’t have a factory in India.
 

sauntheninja

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Fun fact is that they will manufacture the vehicles there and import it here 🤦‍♂️. They don’t have a factory in India.
Didnt Boat do this too they manufactured stuff from china and imported it here why isn't the local government giving local manufactures incentives to build factories here
 

Lonewolf

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Fun fact is that they will manufacture the vehicles there and import it here 🤦‍♂️. They don’t have a factory in India.
They have two in india , read the article falcon , it might be a move for diversification and to cater ne market but personally i don't like it too
 

HariPrasad-1

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This is an unbelievable execution of vaccine diplomacy. It is always very difficult to make valuation of goodwill and softpower but if some agency does that, I am sure that the figure will come in multi billion USD. This is the benefit of having someone like Modi on the top. Bloody he can project any good thing like nobody else. He is the master of exploiting search Good gesture and converting the same into soft power, image building, relationship building and projecting the country as a country contributing to positive world order. He has shown his competence in encashing such opportunity and projecting India as a superpower.
 

HariPrasad-1

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China has projected itself as a education hub inspite of having very low talent compared to what we have. It is very disappointing that we have not made the sufficient efforts to make India an education hub. We have full potential. what we need is the the correct policies in place and initiation from government to push country in the right direction. Private player can also play a big role in this. Reliance and Vedanta has the plans to go into to the field of education in big way. Looking to our potential, 21 out of 1000 is a shitty figure.
 

sauntheninja

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China has projected itself as a education hub inspite of having very low talent compared to what we have. It is very disappointing that we have not made the sufficient efforts to make India an education hub. We have full potential. what we need is the the correct policies in place and initiation from government to push country in the right direction. Private player can also play a big role in this. Reliance and Vedanta has the plans to go into to the field of education in big way. Looking to our potential, 21 out of 1000 is a shitty figure.
What look at various science olympiads Chinese students often win those competitions they have invested billions in their primary education and years later are seeing the benefits of that we should do the same and maintain a high level of education from the primary layer so that our labour force becomes educated
 

HariPrasad-1

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What look at various science olympiads Chinese students often win those competitions they have invested billions in their primary education and years later are seeing the benefits of that we should do the same and maintain a high level of education from the primary layer so that our labour force becomes educated
But they proves to be very dumb in higher education. Where are they on the top? Our boys are rising to highest level from a very humble background. Chinese are not seen anywhere.
 

sauntheninja

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But they proves to be very dumb in higher education. Where are they on the top? Our boys are rising to highest level from a very humble background. Chinese are not seen anywhere.
How do you define top? the top ceo's are Indian? that just looks like brain drain to me look at the innovation index between China and India
 

Lonewolf

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What look at various science olympiads Chinese students often win those competitions they have invested billions in their primary education and years later are seeing the benefits of that we should do the same and maintain a high level of education from the primary layer so that our labour force becomes educated
They are hard working ,not really top brain type , for comparison , mbbs cutoff of south college is much lower ,also the topper scored less compared to north indian , look at previous jee , neet topper , mostly are from north ,still south indian are called top brains ,due to quantity and facility, mentality is also a big factor , also our ranking is low due to other factors ,like it includes student to teacher ratio , number of foreign teacher and student where our institution fails .
 

sauntheninja

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They are hard working ,not really top brain type , for comparison , mbbs cutoff of south college is much lower ,also the topper scored less compared to north indian , look at previous jee , neet topper , mostly are from north ,still south indian are called top brains ,due to quantity and facility, mentality is also a big factor , also our ranking is low due to other factors ,like it includes student to teacher ratio , number of foreign teacher and student where our institution fails .
I'm talking about our primary education schools that are not in cities the quality as far as i know are abysmal with not enough teachers present improving our primary education will lead to better students being enrolled in institutes and them doing higher quality research instead of charging towards a arbitary number we should try bridging the gap between the levels of education between the rural and the city folk
 

SKC

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But they proves to be very dumb in higher education. Where are they on the top? Our boys are rising to highest level from a very humble background. Chinese are not seen anywhere.
You are very mistaken if you think Chinese are nowhere to be seen in top positions.
Zoom is made by a chinese american guy and is now a multibillion company.
The Silicon valley is filled with Indians and Chinese both. After Indians they are the next most abundant people in silicon valley.
 

Deadtrap

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China row opens export opportunities for India
Indian Prime Minister Narendra Modi and Scott Morrison speak regularly. Picture: AAPIndian Prime Minister Narendra Modi and Scott Morrison speak regularly. Picture: AAP
  • GEOFF CHAMBERS
  • 6:28AM MARCH 5, 2021


  • INDIA IS MOVING TO FILL THE CHINESE VACUUM FOR AUSTRALIAN RESOURCES AND WINE, AS A FREE-TRADE AGREEMENT BETWEEN CANBERRA AND NEW DELHI GAINS MOMENTUM UNDER A MORRISON GOVERNMENT PUSH TO UNLOCK NEW MARKETS.
    THE AUSTRALIAN UNDERSTANDS INDIAN PRIME MINISTER NARENDRA MODI IS EYEING OFF GREATER ACCESS TO AUSTRALIAN RESOURCES, INCLUDING COAL AND RARE EARTHS, AHEAD OF ADANI’S CARMICHAEL MINE IN QUEENSLAND PRODUCING ITS FIRST COAL LOAD THIS YEAR.
    AS PART OF INDIA’S COVID-19 ECONOMIC RESPONSE, THE MODI GOVERNMENT HAS EASED MINING REGULATIONS TO ATTRACT FOREIGN INVESTMENT IN INDIA AND PERMITTED THE COMMERCIAL MINING OF COAL. THERE IS ALSO A PUSH TO ACCESS AUSTRALIAN COAL, IRON ORE, COPPER, STEEL ALUMINIUM, COBALT, RARE EARTHS AND NICKEL.
    COMPANIES INCLUDING COAL INDIA LIMITED ARE ACTIVELY ENGAGING WITH THE AUSTRALIAN MINERS. THE CONFEDERATION OF INDIAN INDUSTRY’S AUSTRALIA ECONOMIC STRATEGY IS ENCOURAGING INDIAN COMPANIES TO INVEST IN EXPLORATION AND MINING OF KEY MINERALS SUCH AS COAL, IRON ORE AND CRITICAL MINERALS.

    BRAVUS MINING AND RESOURCE CHIEF EXECUTIVE DAVID BOSHOFF, WHO TOOK CONTROL OF THE REBADGED ADANI AUSTRALIA LAST JULY, SAID THE COMPANY HAD “SECURED THE MARKET FOR 10 MILLION TONNES” A YEAR FROM THE CENTRAL QUEENSLAND MINE. “THE DEMAND FOR THERMAL ELECTRICITY IS STILL GROWING IN INDIA AND SOUTHEAST ASIA AND BOTH COAL AND RENEWABLES ARE NEEDED TO PROVIDE SAFE, AFFORDABLE AND RELIABLE POWER,” MR BOSHOFF SAID.
    “FURTHERMORE, DUE TO THE HIGH QUALITY OF OUR COAL AND THE LOW STRIP RATIO, CARMICHAEL COAL IS IN THE LOWEST-COST QUARTILE, WHICH MEANS THE ECONOMICS ARE GOOD AND WE CAN BE PROFITABLE THROUGH THE CYCLES. THE COAL WILL BE SOLD AT INDEX PRICING AND WE WILL NOT BE ENGAGING IN TRANSFER PRICING PRACTICES, WHICH MEANS THAT ALL OF OUR TAXES AND ROYALTIES WILL BE PAID HERE IN AUSTRALIA.”
    READ MORE:THE COST OF COVID: $327BN OVER FIVE YEARS|CHINA REBUKES AMBASSADOR FOR EXPLAINING FREE PRESS|FOLBIGG’S SENTENCE UNDER SCRUTINY|ZAK STICKS TO HIS GUNS ON ENERGY
    SCOTT MORRISON, WHO WAS FORCED TWICE LAST YEAR TO DELAY OFFICIAL VISITS TO INDIA, REGULARLY SPEAKS WITH MR MODI, INCLUDING LAST MONTH. THE AUSTRALIAN UNDERSTANDS THAT WHILE INDIA’S PROTECTIONIST POLICIES AND TARIFFS ON AUSTRALIAN RESOURCES AND WINE REMAIN A HURDLE, THERE IS GROWING OPTIMISM A DEAL COULD BE REACHED.

    TRADE MINISTER DAN TEHAN SAID THAT, ALTHOUGH PATIENCE WOULD BE REQUIRED IN WORKING WITH THE INDIAN BUREAUCRACY, THERE WAS SIGNIFICANT “WILLINGNESS” TO STRIKE A DEAL, FIRST FLOATED DURING THE ABBOTT GOVERNMENT.
    “THERE’S A SOLID FOUNDATION OF WILL AND REALLY WANTING TO CEMENT THE ADVANCEMENTS THAT HAVE BEEN MADE IN THE ECONOMIC RELATIONSHIP,” MR TEHAN SAID.
    HE SAID THE GOVERNMENT WOULD CONSIDER EARLY HARVEST AGREEMENTS, ADDRESSING CONCERNS ON BOTH SIDES AROUND AGRICULTURE, AS WELL AS UNLOCKING OPPORTUNITIES FOR MINERS AFTER CHINA BANNED AUSTRALIAN COAL.
    “WE WANT TO GET A VERY CONSTRUCTIVE DIALOGUE HAPPENING, ONE WHICH PUTS AMBITION BACK INTO THE FREE TRADE AGREEMENT,” HE SAID.
    THE GOVERNMENT HAS COMMISSIONED ANALYSIS SHOWING HOW A DEAL COULD WORK IN INDIA’S INTERESTS. “INVESTMENT FLOWS ARE SOMETHING THAT INDIA ARE VERY KEEN ON, SO HOW WE CAN … ENCOURAGE AUSTRALIAN INVESTMENT INTO INDIA IS GOING TO BE A KEY TO UNLOCKING PROGRESS ON THE DEAL,” MR TEHAN SAID.
    HE SAID THE GOVERNMENT WAS LOOKING AT WAYS FOR WINE EXPORTERS, HIT BY CHINA’S TRADE RESTRICTIONS, TO GET INTO THE INDIAN MARKET.
    “THE BIGGEST ISSUE THERE IS THAT THERE IS A 150 PER CENT TARIFF,” HE SAID. “BUT OBVIOUSLY ANY DISCUSSIONS WE WOULD BE LOOKING AT SEEING WHAT WE COULD DO THERE.
    “WHETHER WE COULD LOOK AT WAYS WHERE YOU COULD POTENTIALLY SEEK TARIFF REDUCTIONS FOR WINE VALUED OVER AUSTRALIAN $25 OR $30 — THAT WAY YOU WORK WITH INDIA SO THEY CAN CONTINUE DEVELOP THEIR OWN WINE INDUSTRY BUT AT THE SAME TIME HELP AND SUPPORT OUR EXPORTERS GET INTO THE MARKET.”
    AUSTRALIA INDIA BUSINESS COUNCIL NATIONAL CHAIRMAN JIM VARGHESE EXPRESSED OPTIMISM FOR A BILATERAL AGREEMENT THAT “MEETS A MUCH BIGGER FOCUS”, WITH OPPORTUNITIES ACROSS AGRICULTURE, HEALTH, EDUCATION AND TRAINING, DIGITAL ECONOMY AND DEFENCE.
    “THE CHINA NEXUS AT THE MOMENT, I THINK, WOULD ENCOURAGE THAT,” MR VARGHESE SAID. “WE’RE LOOKING AT SUPPLY CHAINS A LOT MORE, LARGELY AS A RESULT OF THE CHINA CONFLICT WE HAVE AT THE MOMENT. WHAT WE SEE NOW IS INCREASED ACTIVITY IN BILATERAL TRADE ACROSS SECTORS. I THINK THE PRESSURE FOR A FREE-TRADE AGREEMENT WILL BUILD UP.”

    MR VARGHESE — WHOSE BROTHER PETER IS THE UNIVERSITY OF QUEENSLAND CHANCELLOR, A FORMER DFAT SECRETARY AND AUTHOR OF THE INDIA-AUSTRALIA ECONOMIC STRATEGY — SAID MR MODI WOULD NOT DROP THE “ECONOMIC REFORM BALL” BUT FACED DOMESTIC CHALLENGES, PARTICULARLY IN AGRICULTURE. HE SAID HE WAS CONTACTED BY TWO WINE SUPPLIERS LAST WEEK ASKING IF AIBC COULD HELP CONNECT THEM WITH THE INDIAN MARKET.
    “THE INDIAN DRINKING HABITS ARE STARTING TO EMBRACE WINE IN AREAS WHERE YOU CAN DRINK IT,” HE SAID. “THERE’S ALSO A LARGE DOMESTIC MARKET. I DO BELIEVE THAT THERE IS AN OPPORTUNITY TO EXPLORE THE WINE MARKET.”
    CONFEDERATION OF INDIAN INDUSTRY CHIEF REPRESENTATIVE ABHAY MEHTA SAID INDIA’S DECISION NOT TO PARTICIPATE IN THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP LAST YEAR, DESPITE AUSTRALIA’S URGING, HAD SHIFTED THE FOCUS TOWARDS NEW DELHI AND CANBERRA SECURING A TWO-WAY AGREEMENT.
    QUEENSLAND NATIONALS SENATOR MATT CANAVAN, WHO STRONGLY BACKED THE ADANI COALMINE BEFORE THE 2019 ELECTION, SAID THAT EVEN IF CHINA DID NOT TAKE ANOTHER TONNE OF COAL FROM AUSTRALIA, THE GROWTH IN INDIA’S COAL DEMANDS WOULD BE GREATER THAN AUSTRALIA’S PREVIOUS COAL EXPORTS TO CHINA.
    SENATOR CANAVAN, WHO VISITED THE CARMICHAEL MINE ON THURSDAY, SAID THE INTERNATIONAL ENERGY AGENCY HAD FORECAST THAT INDIA’S COAL DEMANDS WOULD GROW OVER THE NEXT 10 YEARS BY AN AMOUNT THAT IS MORE THAN HALF OF AUSTRALIA’S TOTAL COAL PRODUCTION.
    “EVEN BEFORE CHINA’S COAL BAN, IT WAS CLEAR THAT INDIA WAS A MASSIVE GROWTH OPPORTUNITY FOR AUSTRALIAN COAL,” SENATOR CANAVAN SAID.
    “AFTER CHINA’S COAL BAN, IT BECOMES MORE IMPORTANT THAT WE SEEK TO NEGOTIATE A TRADE AGREEMENT THAT PUTS AUSSIE COAL ON A LEVEL PLAYING FIELD WITH INDONESIAN COAL IN THE INDIAN MARKET.”
    WITH INDIA HAVING A GEOLOGY SIMILAR TO WESTERN AUSTRALIA AND UNTAPPED RESOURCES POTENTIAL, MR VARGHESE SAID THERE WERE SIGNIFICANT OPPORTUNITIES FOR THE AUSTRALIAN MINING EQUIPMENT, TECHNOLOGY AND SERVICES INDUSTRY TO SUPPORT INDIA’S BURGEONING RESOURCES AND RARE EARTHS SECTORS.

 

sorcerer

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India’s forex reserves up by $689 mn


The reserves, which have been steadily increasing over the last few months, had touched an all-time high at $590.185 billion for the week ended January 29 this year


 
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India’s forex reserves up by $689 mn


The reserves, which have been steadily increasing over the last few months, had touched an all-time high at $590.185 billion for the week ended January 29 this year


We are net creditors now :)
 

doreamon

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Good to see no of quality institutions increasing with time, but we still need over 100 in top 1000.
Also Ministry of Education should work on to reduce these illogical degree and their courses being taught in the universities. The whole B. Tech course is illogical.
There should be B.Sc. in mathematics and IT for going into IT field same as in West where people study about programming and algorithms during their BSc Mathematics course.
What's the meaning of teaching random subjects only in the 6 month semester in bachelors, degrees should have subject specific course and timeline should be reduced from 4 yrs to 3 or possible to 2 yrs.
True.. most of the labour of the student in IT stream is wasted in learning electrical maths and other subject before getting a good hand in programing languages ... Not just that . There are numerous practical classes releated to mechanical and electrical stream . Students in non IIT eng colleges learn nothing abt programming languages and in 3rd yr end up buying ready made projects from outside .
 

DG7867

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Why not first export it it? Is it necessary to increase Bangladeshi economy for no reason? Current government is India friendly but their people are not because we are Kafir, if a Radical momin becomes the Prime Minister of a country with a significant GDP then it will not be good for us.

This tells a lot about how tatti our bureaucracy is rather than company's priorities 😐
 

sauntheninja

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True.. most of the labour of the student in IT stream is wasted in learning electrical maths and other subject before getting a good hand in programing languages ... Not just that . There are numerous practical classes releated to mechanical and electrical stream . Students in non IIT eng colleges learn nothing abt programming languages and in 3rd yr end up buying ready made projects from outside .
You do know that core engineering jobs are important as well ideally the job market should be such that a eletrical graduate should be able to find a job in his field rather than forcing him towards it
 

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