Indian Economy: News and Discussion

[ezsasa]

@Haldiram are you aware of this twitter handle @bhagwaanuvacha ?

 

[Prashant12]

USFDA clears four Indian manufacturing plants in 10 days


Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[aditya10r]

USFDA clears four Indian manufacturing plants in 10 days


Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

Aap chronology samajhiye.

_________________________________________

 

[BangaliBabu]

USFDA clears four Indian manufacturing plants in 10 days


Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

Yes, DEFENCE-360 said a while back, that these shipments of HCQs to US and to various other countries were resumed based on some preconditions which weren't/still aren't made public for obvious reasons. In simple words, USFDA and it's crony - Big Pharma - got their ass handed to them by the GoI...….more skeletons will tumble out of the closet in coming days.

 

[ezsasa]

#IMF cuts India's 2020 GDP growth rate to 1.9%.
This is a very low number.
And yet it is the world's highest.
[China follows, with a growth of 1.2%.]

 

[Spindrift]

#IMF cuts India's 2020 GDP growth rate to 1.9%.
This is a very low number.
And yet it is the world's highest.
[China follows, with a growth of 1.2%.]

It's based on the formal sector, but if one were take into account the informal sector, i think we might be in the negative growth territory.

 

[Prashant12]

Record basmati exports from India as Ramadan and pandemic surges demand


Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[IndianHawk]

#IMF cuts India's 2020 GDP growth rate to 1.9%.
This is a very low number.
And yet it is the world's highest.
[China follows, with a growth of 1.2%.]

This crisis hasn't destroyed our industrial capacity but merely halted it. Which means there can be a very fast recovery of production.

For example agriculture never stopped and pharma sectors is increasing production right now.

 

[ezsasa]

This crisis hasn't destroyed our industrial capacity but merely halted it. Which means there can be a very fast recovery of production.

For example agriculture never stopped and pharma sectors is increasing production right now.

Probably the key reason is that 70% of our GDP is based on consumption economy.

Majority of our imports are oil & electronics, will have minimal impact because import cost of both these items be reduced for atleast 6 months.

 

[IndianHawk]

Probably the key reason is that 70% of our GDP is based on consumption economy.

Majority of our imports are oil & electronics, will have minimal impact because import cost of both these items be reduced for atleast 6 months.

Yup external sector could be affected badly due to demand drop in advanced economy. But internal economy will spring back faster.

My own house is under construction and now halted. Once lockdown eases my contractor will jsut build is faster to recover time with more shifts and more workers .

Similarly once shops open people will buy whatever they couldn't in last 30 -40 days.

 

[Assassin 2.0]

Any comments?????

 

[south block]

Any comments?????

Whatever he said is truth. --- America is all about America --- White America to be precise. :biggrin2: --- Petrodollar and white privilege has given them unimaginable power. --- we should bargain for best deal for ourselfs. --- make sure to have better relations with both countries but prioritise greater relations with America and west at all cost. --- they offer us more in long run than China.
china was build from ground up by Americans themselves. --- first to contain Soviet's and now to be Watchman in Asia.
and look where we stand now. --- there hate for CCP and Russia is much deeper cause both have massive state enterprises running the show instead of chetoos sellers. --- Chinese knows from where there mighty Pvt sector technology comes from and it ain't Chinese .

 

[HariPrasad-1]

Any comments?????

Like Jayashankar had stated, India's Foreign Policy was crafted when we were a weak nation. He told that India had identified its friends and enemies and all feature policies shall be made considering friends and Enemies in the mind. India is relatively a powerful Nation now. we need to redefine our foreign policies in view of our grown strength. we shall soon become world's third largest economy in nominal term and become a powerful Nation in military as well. So the policies which we made when we were weak are outdated. New policies need to be made in view of our grown strength and growing strength in in medium and long term. What we need to do is to choose our allies of powerful Nation but we should do hard bargain and not allow arm twisting of nation like America. like we did in the case of hydroxychloroquine export , we need to negotiate each and every deal like we negotiated with USA on lifting the ban on our pharmaceutical companies. Like that each and every transaction should be hardly negotiated. we should not mind if some negotiations are failed but we should not allow arm twisting. Like Dobhal had said once, India hit bellow its weight. We need to increase our weight and hit proportionally.

 

[sorcerer]

Hindalco closes US$ 2.8 billion acquisition of US-based Aleris Corp
The acquisition of Ohio-based aluminium rolled products maker Aleris Corp was completed by billionaire Kumar Mangalam Birla’s Hindalco Industries through its subsidiary Novelis Inc. The enterprise value of the deal, at US$ 2.8 billion, which is slightly higher than the initial estimate of US$ 2.58 billion. With this deal, Hindalco is now one of the world’s largest aluminium makers.

 

[Assassin 2.0]

.....................................

 

[ezsasa]

India’s overall exports (Merchandise and Services combined) in April-March 2019-20* are estimated to be USD 528.45 billion

 

[IndianHawk]

India’s overall exports (Merchandise and Services combined) in April-March 2019-20* are estimated to be USD 528.45 billion

Service exports are cushioning our deficit by 50% .
We need to double down on it.

We need to prepare our tier 2,3 cities to take on phillipines type nations so that BPO , outsourcing remains in India even as major cities move to sophisticated areas.

 

[Bhadra]

A small follow up on the companies mentioned in my previous post. I continue averaging them daily. Jisko bechna hai bech do, lene wale ready baithe hai.

View attachment 44445

All lesser known FMCG types ,,, challenge bhi... ??

 

[IndianHawk]

Any comments?????

There are no permanent friends in diplomacy. Only permanent interest .

We should judge USA by what we are gaining through it. So far so good. Let me list some benefits

1. USA got us nsg waiver which legitimised our nuclear weapons. Now we are a defacto nuclear weapons state despite not signing npt or ctbt.

2. USA got us into mtcr , wessenar , Australia group which allow us to access sensitive dual use technology important for both military and economy (space application).

3. USA didn't oppose our asat test and 370 removal. Their media cried but govt stand was pro India.
4.usa weaponry such as m777 , p8i ,Chinook , Apache , c17 ,c130 ,mh60 giving us tremendous edge over china . These are fast transparent deals where we had no Desi alternative. Delivery were fast too.

5. USA excercises a lot with us and we learn a lot from them especially in naval domains , carrier operations.

6. Quad is getting serious slowly.

7. USA is ready to sell is emals and catobar tech if we go for it.

8. USA is ready to sell us armed drones even if we are not in nato.

9 . USA engine reliability saved Tejas. Imagine with single Russian engine lca would have crashed and critics would have closed the program.

Mwf and amca and tedbf program look secure because a solid reliable engine is already available for them. Thanks to USA.
On top of that economically USA is vital for us. We enjoy huge surplus with USA in trade. And USA has been welcoming Indian immigrants uptill now.

China grew by access to US market. South Korea became richer than France thanks to USA alliance.
Japanese per capita income is very high by being major trade partner with USA.

Now we are already strategically independent we have nukes , nuclear triad , icbm ,slbm, nuke submarine ssbn and ssn in works . We have own bmd and asat systems . So we will never depend on USA for survival like Japan or Korea. That means our alliance will be of very different kind.

Now judge it on based upon these facts.

 

[abhay rajput]

India’s overall exports (Merchandise and Services combined) in April-March 2019-20* are estimated to be USD 528.45 billion

I think last year our overall exports was 330 billion dollars. Am it right..?