Indian Economy: News and Discussion

[captscooby81]

Few more glimpse of return to normalcy in August Auto sales data . An overall improvement of 19 % over Aug 2019 sales

Two wheeler sales data of Heromotor looks good with 8 % jump over August 2019

 

[captscooby81]

Naah don't expect much again big headline stuff but don't see any great game changer moves here are few points as per the new policy

Once in a lifetime opportunity, hope they dont screw this up!

 

[DG7867]

Naah don't expect much again big headline stuff but don't see any great game changer moves here are few points as per the new policy

View attachment 57790

Disappointing

 

[DG7867]

Few more glimpse of return to normalcy in August Auto sales data . An overall improvement of 19 % over Aug 2019 sales

View attachment 57787

Two wheeler sales data of Heromotor looks good with 8 % jump over August 2019 View attachment 57788

2.3L is pre-covid figure... super!

 

[Suryavanshi]

Disappointing

What kind of reforms are we really expecting?

 

[DG7867]

What kind of reforms are we really expecting?

My wishlist for starters:
1. End transfer culture. We have bureaucrats spending 6 months in finance ministry deciding how much subsidy to put on fertilizers, then another 6 months in defence ministry deciding whether rfi for transport aircraft should have twin engine or quad engine. As a result they dont do either of the jobs right.
2. Promotions should be based on performance, not on seniority as is the culture now. Due to this, no bureaucrat wants to do good work bcoz he/she wont get rewarded for it.
3. I would be happier if permanent jobs are replaced with fixed term contracts.
These things mean changing transaction of business rules, do you think UPSC (headed by cabinet secretary) will allow these changes? Im afraid not in a million years.

 

[Rxbanda]

Any predictions on the USD to INR trend in the near future?

 

[captscooby81]

Well i would still not go into jubilation with Auto sales figures for primarily two reasons

1.April-May was zero sales as all showroom were closed , Plus April was when BS6 Implementation kicked in , So lots of cars which were booked in March would have got delivered in June when showrooms got open.So there is good chance of backlog orders rolling into next 3 months which is what August sales numbers look.

2. BS4 to BS6 there was still lots of old stock left out which dealers had to register and then sell it off so those numbers may be coming in the last 3 months

So i will wait and see the real growth numbers from now as September to November is always the peak season for Auto sales both 2 & 4 wheelers . If manufacturers are able to up their production levels to full capacity and then bring the stocks to match demand then we are in for some recovery

Indian Automobile industry is major contributor for our industrial growth in economy .

Also tractor sales is looking good in all last 3 months .

2.3L is pre-covid figure... super!

 

[Haldilal]

Any predictions on the USD to INR trend in the near future?

If you are asking for a new futures I dont see a major changes in the rates.

 

[Hijibiji]

YOU are an NRI. YOU should know better.

Any predictions on the USD to INR trend in the near future?

 

[fire starter]

 

[fire starter]

 

[Haldilal]

Ya'll Nibbiars CMERI has set up the world's largest Solar Tree with peak capacity of >11.5 kW or 14000 units of clean power annually. The tree is designed to ensure maximum solar exposure to each of the 35 PV panels while creating the least amount of shadow area below.

 

[Spindrift]

Yeah, that's because as lot of people now are not calling their household helps and are managing their household chores themselves and also a lot of people are now working from home or studying from home so they need computers, tabs, monitors etc

 

[Haldilal]

Ya'll Nibbiars

The Scrambling for the Videocon.

Vedanta, US-based Eight Capital submit binding offers for Videocon

Delhi-based television sets manufacturer Dixon Technologies is also amongst the bidders, according to these people.

economictimes.indiatimes.com

Akhil Gupta's family firm bids for debt-laden Videocon Industries

Gupta, who worked for Bharti Airtel for 18 years, made the bid for Videocon via Avanti Investments, run by his son, Anubhav Gupta

www.business-standard.com

 

[ezsasa]

Question to experts:

In the GDP calculation, in which of the 8 major heads “digital economy“ calculated in?

 

[avknight1408]

Ya'll Nibbiars

The Scrambling for the Videocon.

Vedanta, US-based Eight Capital submit binding offers for Videocon

Delhi-based television sets manufacturer Dixon Technologies is also amongst the bidders, according to these people.

economictimes.indiatimes.com

Akhil Gupta's family firm bids for debt-laden Videocon Industries

Gupta, who worked for Bharti Airtel for 18 years, made the bid for Videocon via Avanti Investments, run by his son, Anubhav Gupta

www.business-standard.com

Let's hope Dixon takes control of videocon. They can revive this iconic electronics brand. Already Dixon manufactures TVs for MI & others. Plus Dixon also owns CP plus. So overall they are the best fit.

 

[Suryavanshi]

Let's hope Dixon takes control of videocon. They can revive this iconic electronics brand. Already Dixon manufactures TVs for MI & others. Plus Dixon also owns CP plus. So overall they are the best fit.

I was suprised, Dixon is an Indian company based in Noida.

 

[angryIndian]

$6 trillions before 2026 is a mathematically pessimistic target accounting India's real GDP, inflation & currency appreciation.

Not sure which uphil battle you are talking about. Constructive criticism of government is good if you hold any knowledge. Otherwise, you will only be insulting yourself more & more.

Oh really ? How will India achieve this magic figure of 6 trillion by 2026 ?

India was literally struggling to achieve 6% growth rate even before the pandemic and now you think India all of a sudden will achieve 9% year on year and miraculously double it's economy in mere 6 years ?

And finally a reminder,you job as a citizen is to critique the government and not be it's cheerleader.

 

[angryIndian]

This is not correct list. US had 31% dip. Most countries in EU faced around 20% dip.

oh really ?

US GDP Fell 9.1%, Not 33% as Social Media Claimed Post Indian Drop