Indian Economy: News and Discussion

FalconSlayers

Senior Member
Joined
Oct 14, 2020
Messages
8,160
Likes
29,826
Country flag
Any idea if this is his own firm, or did he purchase Anil's RCom subsidiary that does exactly this work?
Good to see he's also getting into infrastructure like that Adani.
Infrastructure projects good source of big bucks and endear you to politicucks also.
He is going to sell internet services in east asia and europe as well, cost factor will be in India’s favour.
 

sorcerer

Senior Member
Joined
Apr 13, 2013
Messages
23,378
Likes
79,778
Country flag
Made-in-India blockchain crosses $10 billion market cap

In a possible first, a blockchain founded by three Indians breached $10 billion in market capitalisation last week.

Since February, Polygon (previously Matic) has seen its market cap jump 10x owing to increased adoption by players in gaming, non-fungible tokens (NFTs), and DeFi (decentralised finance). In March, Nasdaq-listed Coinbase allowed users to trade Polygon’s token.


 

FalconSlayers

Senior Member
Joined
Oct 14, 2020
Messages
8,160
Likes
29,826
Country flag
Made-in-India blockchain crosses $10 billion market cap

In a possible first, a blockchain founded by three Indians breached $10 billion in market capitalisation last week.

Since February, Polygon (previously Matic) has seen its market cap jump 10x owing to increased adoption by players in gaming, non-fungible tokens (NFTs), and DeFi (decentralised finance). In March, Nasdaq-listed Coinbase allowed users to trade Polygon’s token.


We should target our overall blockchain market cap at 1 Trillion dollars in next 10 years (Mind you this 10 Billion dollar cap here is of a single firm, I’m talking about overall market cap of blockchain in India).
 

Lonewolf

Senior Member
Joined
Jan 26, 2021
Messages
3,880
Likes
11,141
Country flag
We should target our overall blockchain market cap at 1 Trillion dollars in next 10 years (Mind you this 10 Billion dollar cap here is of a single firm, I’m talking about overall market cap of blockchain in India).
Can you explain what it is ,if you don't mind , this is my noob zone
 

sorcerer

Senior Member
Joined
Apr 13, 2013
Messages
23,378
Likes
79,778
Country flag
FDI hits all-time high in FY21; forex reserves jump over $100 bn
Net foreign direct investment (FDI) into the country hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous high of $43.013 billion that it had reach last fisacl. In a Covid-hit year, the FDI witnessed a big thrust from stake sale by Reliance Industries (RIL) group companies, which raised around $35 billion during the fiscal year.


According to data released by the Reserve Bank of India (RBI), while the direct investment to India in FY21 stood at $54.665 billion, FDI by India amounted to $11.299 billion, thereby resulting into a net FDI of $43.336 billion.

 

shade

Senior Member
Joined
Feb 28, 2016
Messages
7,425
Likes
40,653
Country flag
FDI hits all-time high in FY21; forex reserves jump over $100 bn
Net foreign direct investment (FDI) into the country hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous high of $43.013 billion that it had reach last fisacl. In a Covid-hit year, the FDI witnessed a big thrust from stake sale by Reliance Industries (RIL) group companies, which raised around $35 billion during the fiscal year.


According to data released by the Reserve Bank of India (RBI), while the direct investment to India in FY21 stood at $54.665 billion, FDI by India amounted to $11.299 billion, thereby resulting into a net FDI of $43.336 billion.

Before people get a KL over "increasing FDI inflows", that a bulk of these are just Faceberg and Boogle buying Reliance and Jio shares.


Relevant snippet from article

======================================================================

Data on FDI inflows shows that contrary to the government’s expectations of larger magnitude of inflows into the manufacturing sector, this sector received just 13% of the total. The services sector attracted nearly 80% of the total inflows, with information technology enabled services (ITeS) being the largest component, accounting for over 47% of them. This is hardly surprising given that the RBI has classified the activities of Jio Platforms as “other information technology and computer service activities”. Other than services, wholesale and retail trade were the two prominent sectors.

=====================================================================


Make in India/Atmanirbhar Bharat not possible without heavy foreign investment, atleast that is what made Choyna the factory of the world.
Chief beneficiary of China plus One strategy by MNCs has been Vietnam for products like Electronics and Bangladesh, Ethiopia etc for clothing and footwear.
PLI schemes are basically big baits to brute force companies to start production here, with the lure of Govt PLI gibs and selling items in Domestic market without paying large duties.
 

sorcerer

Senior Member
Joined
Apr 13, 2013
Messages
23,378
Likes
79,778
Country flag
Before people get a KL over "increasing FDI inflows", that a bulk of these are just Faceberg and Boogle buying Reliance and Jio shares.


Relevant snippet from article

======================================================================

Data on FDI inflows shows that contrary to the government’s expectations of larger magnitude of inflows into the manufacturing sector, this sector received just 13% of the total. The services sector attracted nearly 80% of the total inflows, with information technology enabled services (ITeS) being the largest component, accounting for over 47% of them. This is hardly surprising given that the RBI has classified the activities of Jio Platforms as “other information technology and computer service activities”. Other than services, wholesale and retail trade were the two prominent sectors.

=====================================================================


Make in India/Atmanirbhar Bharat not possible without heavy foreign investment, atleast that is what made Choyna the factory of the world.
Chief beneficiary of China plus One strategy by MNCs has been Vietnam for products like Electronics and Bangladesh, Ethiopia etc for clothing and footwear.
PLI schemes are basically big baits to brute force companies to start production here, with the lure of Govt PLI gibs and selling items in Domestic market without paying large duties.
Could also be the battery of FTA and policy changes and arrangements with different nations.
Investors look long term..really long term.
They will see that the corrections done by GoI are good long term and will give india sort of monopoly in some sectors.
 

sorcerer

Senior Member
Joined
Apr 13, 2013
Messages
23,378
Likes
79,778
Country flag
India's mineral production up 6 pc in March | Business

India's mineral production rose by 6.1 per cent in March 2021 as compared to the year-ago period.

The index of mineral production of mining and quarrying sector for the month at 139, was 6.1 per cent higher as compared to the level in March 2020, the data released by the Mines Ministry said.


 

FalconSlayers

Senior Member
Joined
Oct 14, 2020
Messages
8,160
Likes
29,826
Country flag
We barely know what the world will look 10 years from now, and you want us to plan for 100. Not gonna happen, unless we are able to find a bunch of Nostradamuses for the planning committee.

As for having a plan, we need only one, ie:- put career socialists in the brig.
CCPee made a 100 year plan in 1950, see wtf they are in 2021 and what it will be in 2050.
 

shade

Senior Member
Joined
Feb 28, 2016
Messages
7,425
Likes
40,653
Country flag
Could also be the battery of FTA and policy changes and arrangements with different nations.
Investors look long term..really long term.
They will see that the corrections done by GoI are good long term and will give india sort of monopoly in some sectors.
Nope, there is this (((perception))) with elements of truth in it that governments and policies in India are "upredictable", promoted by vested interests, which dissuades investors.
So they go for the "safe" investments like those startups or IT Companies or shares in Mukesh companies.

There was the era of "animal spirits" post liberalization that lasted till 2008, but the secular parties in power had their head up their ass to not exploit it.
since 2008 there has been a vested interest promoted negative view of India as an investment destination, it is not entirely without reason yet also exaggerated.
 

indus

Living in Post Truth
Senior Member
Joined
May 31, 2017
Messages
3,020
Likes
10,272
Country flag
Nope, there is this (((perception))) with elements of truth in it that governments and policies in India are "upredictable", promoted by vested interests, which dissuades investors.
So they go for the "safe" investments like those startups or IT Companies or shares in Mukesh companies.
Startups by definition are risky ventures and not safe investments. You yourself decide which company is more risky, a newly formed venture which has little or no history or a well established company with a past history of good performance?. IT companies also have risk profile. They are largely dependent on US policies which impact their business prospects. And these policies can also change with change in US govts.
 
Last edited:

Global Defence

New threads

Articles

Top