Indian Economy: News and Discussion

Leonardo Alves

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varun9509

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Bounce back from Corona + generous Stimulus by Cheeni sarkar.

Cheeni sarkar can manipulate GDP numbers easily because most corporations active in the domestic market there are state owned.
All top 7 car manufacturers of China are state owned, and manufacture foreign brand cars under JV or licensing.
All Telecoms companies in China are state owned.
All Airlines in China are state owned.
They also have state owned construction companies, good for generating employment.
Top 4 Banks in China by asset value are also State owned, meaning cheap credit supplied whenever Cheeni sarkar wants to.
Katai GTA chal rha hai, saare cheat code lagake.
 

HariPrasad-1

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what does it mean?
After registering trade surplus in quarter 1 and part 2 , I was expecting this financial year end with trade surplus. However, higher import in last few months tiltex the balance. Anyhow, as per the prediction of State Bank of India, India is all set to become trade surplus economy from current financial year. i.e from financial year 2021-22.
 

Haldilal

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Ya'll Nibbiars i don't knew to with laugh at Hyundai or be sad. When looking at the arvions relatives veran with white and black panda paint scheme. Its great just fantastic. But the santro is just a dabba now even the spresso is good car when compared to the santro and that cars is the india first's zero star rated vehicle.
 

Haldilal

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Ya'll Nibbiars even the Peugeot has taken down to relaunch the ambassador brand again. HM has again got a failed deal. Peugeot merger with the FCA has doomed the ambassador and the HM.
 

Leonardo Alves

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After registering trade surplus in quarter 1 and part 2 , I was expecting this financial year end with trade surplus. However, higher import in last few months tiltex the balance. Anyhow, as per the prediction of State Bank of India, India is all set to become trade surplus economy from current financial year. i.e from financial year 2021-22.
Sir is it covid thing or trade surplus in a regular basis ?will it be a more like permanent thing? of course I know with as oil dependent as we are I doubt the figure you pointed out.
 

Haldilal

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Ya'll Nibbiars there was another company Daewoo which tried to make high quality cars in India but that increase in price shut it doors and even the vehicle like matiz which was not only affordable but also modern was not able to save it from it's faith.
 

cannonfodder

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hi guys!!
I have to prepare a presentation on why modi govt is privatising PSUs (selling its stake in PSUs).
one of my friends in my class (a known congress supporter) told me that 'modi desh bech rha h'
can you please give a counter answer to the that rhetoric
and a list of loss making PSUs in India.
thanks in advance
Its an old debate, you need to understand what is actual concern of the other side. At root level it boils down to private vs govt control (later has no skin in the game to run things efficiently). Whereas private person earning is dependent on the profits and hence efficiency. There is an incentive to make change and adopt newer tech rather than getting obsolete and running out of business. India is too socialist at the moment and its good to be encouraging private ownership. Even modi is too socialist judging by western standards, so ask him what he thinks about west running even public transport/medical facilities by private contractors. You can show him MNREGA numbers YOY expenditure growing under him. Its our gross failure to depend on govt to create jobs. If he still thinks otherwise ask him to give away his private ownership of asset and surrender it to govt which is more effective according to him.

There are other areas where private ownership may not be that good like healthcare. Lot of people may loose access to medical treatment if it turns in to only money making business.
 
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sorcerer

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Dabur India hits Rs. 1 trillion in market capitalization




On Thursday, Dabur India Ltd.'s shares reached a new all-time high, positioning it in the exclusive group of companies with a market capitalization of Rs. 1 trillion (US$ 13.33 billion).

Intraday, the stock reached an all-time high of Rs. 579.90 (US$ 7.73). On the BSE, the stock closed at Rs. 572.85 (US$ 7.64), up 2.23%. The market capitalization of Dabur was Rs. 1.01 trillion (US$ 13.47 billion).

On May 7, 2021, the company may announce its March quarter earnings. It is expected to report good earnings. Analysts say that growth trends in health supplements, over-the-counter and ethical products, oral care, and juices will be important to watch.

Dabur saw a significant increase in retail offtake thanks to good momentum in foods, beverages, and oral care.

JP Morgan, in line with the past three-year average multiple, has extended its target price timeframe (PT) to March 2022, with a new PT of Rs. 600 (US$ 8), based on a 48x one-year forward P/E multiple.

Antique Stock Broking stated in a note to its investors, “Honey demand has moderated even further as a result of increased competition. The new mango drink, in particular, has been gaining popularity. Dabur is anticipated to increase by 31% in the fourth quarter of FY21.”

As per Antique Stock Broking, "During the month, there were no new product releases. In March, Dabur controlled inventory levels very well. Overall distributor inventory levels decreased from 7-10 days in February 2021 to about 6-8 days. The supply chain was standard, with no stock outs in any category.”

Sauce: https://www.ibef.org/news/dabur-india-hits-rs-1-trillion-in-market-capitalization
 

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