Indian Economy: News and Discussion

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Second wave set to drag down economy’s growth

Economic forecasters are at it once again. Amid rising Covid-19 infections, localised lockdowns and curfews in select states, GDP growth estimates are being revised downwards at breakneck speed. The Indian economy is now expected to grow by 10-11% this fiscal as against the 12-13.5% projected earlier.
The modest forecast so far has been from the RBI and the World Bank at 10.5% and 10.1% respectively, but they too could be tipped for the chop in the coming weeks. The economy is believed to have contracted by 8% in Covid-hit FY20-21, but hopes were high that recovery had already begun in Q4. But none would argue that the pace of recovery is so fragile that it could be knocked over with a feather. That knock has invariably come from the second wave of infections that struck economically important states like Maharashtra, Gujarat and Delhi hard.
GDP growth between April and June was supposed to be obscenely high at over 30%, largely due to a low base of 24% contraction seen during the same period last year. Analysts expect the current restrictions to remain in place until May and though the impact could be lower than 2020, it’s undeniable that it will cut into growth like a hot knife through butter. Consumption, which accounts for about 60% of GDP, remained disappointing last fiscal, but was expected to pick up pace this year. That prospect is now a lost hope, at least in Q1.
Notwithstanding the grim state of affairs, chances of a fresh fiscal stimulus seem remote. But the RBI believes the less stringent lockdowns, an adaptation to the new normal, ongoing vaccinations, stronger global growth, front-loaded fiscal activism and lagged effects of easy financial conditions will support cyclical growth recovery. Still, multiple growth revisions appear as sure as fate and even though economists see either W, V, or K-shaped recovery, for now they are all subject to the 50-50-90 rule, where if there’s a 50-50 chance of getting something right, there is also a 90% probability of getting it all wrong.
 

Haldilal

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Ya'll Nibbiars the creditors are going to drag the Oyo in the brankcruptcy proceedings for the 160 crores due's.
 

Haldilal

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But that case has been resolved aint it?
Ya'll Nibbiars that was a 16 lakh's due case this is another. More than a week after one of OYO’s subsidiary unit OYO Hotels and Homes Private Limited (OHHPL) was dragged to tribunal court under the bankruptcy and insolvency code, creditors have filed claims worth at least INR 160 Crore's.
 

Haldilal

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Ya'll Nibbiars However, OYO appealed for a stay on the insolvency proceedings in the National National Company Law Appellate Tribunal (NCLAT) on April 8, following which the NCLAT provided a partial stay order on the proceedings.

The original disputed amount claimed by Conclave Infratech was INR 16 Lakh, which OYO has said it has already settled. But with insolvency proceedings ongoing, creditors to OYO have filed for claims worth INR 160 Cr, which is yet to be verified and approved by the court and the resolution professional, said Srinivas Kotni, managing partner, Lexport, the law firm representing one of the creditors.
 

Haldilal

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Ya'll Nibbiars Oyo subsidiary accuses creditor of influencing others as claims of Rs 160 Cr pile up in insolvency case. And oyo to Duba. If are going to treat creditors like that then it definitely will brankcrupt's.
 

SKC

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does anyone know which TV display unit is better in terms of life cycle, Samsung or LG?

I remember it as LG, but not sure.
Dude, LG is the largest OLED panel maker in the world. Samsung Sony all uses panel from LG, it is the other components like PCB, plastics and other electronic which set these companies apart.
In Samsung and LG, I always prefer LG for home electronics.
 

SKC

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Hero joins hands with Taiwan’s Gogoro to develop EVs for India

NEW DELHI: Hero MotoCorp has formed a partnership with Taiwan’s Gogoro Inc to develop electric vehicles for the Indian market. The two companies will establish a battery swapping joint venture to bring Gogoro’s battery swapping platform to India and will collaborate on EV development to bring Hero-branded, powered-by-Gogoro Network vehicles to the domestic auto market.

would not this cause issue between Hero ELECTRIC and Hero MotoCorp. I think there was an agreement between the two group to not enter into each other's domain similar to what was between Mukesh and Anil Ambani.
 

Haldilal

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The Railway pointsman who saved the kid the other day.
He had given half of his prize money to the family of that kid.
View attachment 86466



Railway pointsman who saved child of a visually impaired woman donates half his prize money to the family

Ya'll Nibbiara the Mahindra should concerate on its financial health. And not just this they already lost the Sangyong despite having now of of the greatest Product's portfolio's and even destroyed the Italian design firm. Now what?.
 

Haldilal

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Ya'll Nibbiars Mahindra is acting Iike a retired President not like a serving one. Kya hua koi bimare jai kya?. Sangyong losing at this point is just idiocarcy. They had a product portfolio worth to fight for.
 

SKC

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Ya'll Nibbiars Mahindra is acting Iike a retired President not like a serving one. Kya hua koi bimare jai kya?. Sangyong losing at this point is just idiocarcy. They had a product portfolio worth to fight for.
All Anand Mahindra does is preaching online and sharing how he gifted one of his car or bike to some needy person.
His group destroyed Reva group, SangYong, Pinifarina, maybe many more hidden acquisition, Now small companies comes into tension if Mahindra talks about investing in them.
They dropped to 5th place in sales and stopped Sedan and Hatchback categories already.
They made Ford so much feared that they cancelled their partnership with Mahindra!!
 

Haldilal

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All Anand Mahindra does is preaching online and sharing how he gifted one of his car or bike to some needy person.
His group destroyed Reva group, SangYong, Pinifarina, maybe many more hidden acquisition, Now small companies comes into tension if Mahindra talks about investing in them.
They dropped to 5th place in sales and stopped Sedan and Hatchback categories already.
They made Ford so much feared that they cancelled their partnership with Mahindra!!
Ya'll Now even worse after the retirement of the Goenka made a accountant the CEO and not the person who came and exucted the Scorpio, Thar, XUV 500, Xylo, Verito and many more product's. This is a mistake which will cause further many problem's.
 

Haldilal

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Ya'll Nibbiars Tata Motors learned from their mistakes and made proper high person teams of many experienced and good executives and now you can see the quality of the product's. But the Mahindra is taking everything for slow and inefficiently.
 

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Ya'll Nibbiars Tata Motors learned from their mistakes and made proper high person teams consting of many experienced and good executives and now you can see the quality of the product's. But the Mahindra is taking everything for slow and inefficiently.
Yaar ek baar me likh do , why so many small message .

Tata motors growth was due to that ceo , we don't know what future holds for them
 

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