Indian Economy: News and Discussion

[sauntheninja]

Who is Ajay?
What is this rant against Vedic Maths? Vedic Maths = wrong claim? What kind of midget brain is this?
There are numerous articles on different news portals categorically mentioning UP GDP to be 2nd highest. What are you contesting here with your jugglery of facts?

UP moves to second spot on GSDP list, surpasses Tamil Nadu, Gujarat

LUCKNOW: Amid the pandemic-driven economic slowdown, UP stood out in the crowd by becoming the second-largest state in the country locking Rs 19.48 lakh crore o

www.newindianexpress.com

• End of 2018-19 rankings, UP Higher than Gujarat, Karnataka & Tamil Nadu
• End of 2019-20 rankings, UP higher than Gujarat & Karnataka but lower than Tamil Nadu
• UP under Yogi didn't jump from #5 to #2.
• UP under Yogi jumped from #3 to #2 now, but they were already #2 in 2018-19. In 2019-20, they dropped from #2 to #3 & now have regained what they lost the previous year.

 

[hit&run]

These are 2019-20 stats.

As far as doubling is concerned I tried to find his speech but failed. Yogi Goverment came in 2017 and will finish its tenure in 2022. I see no reason why he will quote figures of previous government to add to his account.

 

[sauntheninja]

View attachment 81966

These are 2019-20 stats.

As far as doubling is concerned I tried to find his speech but failed. Yogi Goverment came in 2017 and will finishes tenure in 2022. I see no reason why he will quote figures of previous government to add to his account.

The point isn't that the we all want UP to attract investments and grow but peddling fake claims and national papers publishing the data without any actual research shows how far the bias goes all the stats are from the RBI website

 

[FalconSlayers]

Good news but the future is renewable energy and energy storage.

Plastics and Polymers are here to stay and they are made through hydrocarbons, I don’t know why government doesn’t dispose plastic waste by converting into liquid hydrocarbons that can act as a fuel with a process who’s name I can’t recall, extensive research on it can help using plastic waste in creating liquid hydrocarbon fuels.

 

[FalconSlayers]

Who tf is Ajay? His name is Yogi Adityanath.

Ajay Singh Bisht to be in Particular.

 

[asaffronladoftherisingsun]

View attachment 81966

These are 2019-20 stats.

As far as doubling is concerned I tried to find his speech but failed. Yogi Goverment came in 2017 and will finish its tenure in 2022. I see no reason why he will quote figures of previous government to add to his account.

Heres gdp figures for Uttar Pradesh :

He explained well -

 

[FalconSlayers]

Heres gdp figures for Uttar Pradesh :
View attachment 81970

He explained well -

Mine is showing 270 Billion dollars

 

[FalconSlayers]

If UP GDP doubled in 4 years then assuming this trend to follow, UP will be 500 Billion dollars by 2025 and 1 Trillion well by 2030.

 

[hit&run]

The point isn't that the we all want UP to attract investments and grow but peddling fake claims and national papers publishing the data without any actual research shows how far the bias goes all the stats are from the RBI website

Your use of his old name which insults his servitude to new life as Yogi and rant against Vedic Maths do not give any positive vibe that you want good for the state.

I still do not understand this fake news charge.

Nothing is clear on who is quoting who? As per TOI the stats are given by Finance department. RBI website do not have stats for Gujarat for last fiscal year.

Being a BIMARU state as compare to heavily industrialized with metropolitan port city WB; UP’s growth is exceptional. Wasting time of number 2-3 or 5 is just a fanboy stuff and nitpicking.

 

[asaffronladoftherisingsun]

Your use of his old name which insults his servitude to new life as Yogi and rant against Vedic Maths do not give any positive vibe that you want good for the state.

I still do not understand this fake news charge.

Nothing is clear on who is quoting who? As per TOI the stats are given by Finance department. RBI website do not have stats for Gujarat for last fiscal year.

Being a BIMARU state as compare to heavily industrialized with metropolitan port city WB; UP’s growth is exceptional. Wasting time of number 2-3 or 5 is just a fanboy stuff and nitpicking.

Also note that the exports from YOGI's Uttar Pradesh also increased by 32% in the last two years and mou's of Inr 4.28 lakh crore were inked, out of which projects worth 3 lakh crore Inr have even started to manifest at ground level.

 

[hit&run]

Also note that the exports from YOGI's Uttar Pradesh also increased by 32% in the last two years and mou's of Inr 4.28 lakh crore were inked, out of which projects worth 3 lakh crore Inr have even started to manifest at ground level.

Yes the devil is in comparing GDP driven by demand catering to increasing population vs value addition, FDI, high end product manufacturing and export.

 

[Haldilal]

Good news. So Gland is not Chinese owned, its transfer to China was blocked? They did make a big pitch for it in 2016-17.

Ya'll Nibbiars Shanghai-based Fosun acquired a 74% stake in the company in 2017.

 

[asaffronladoftherisingsun]

Yes the devil is in comparing GDP driven by demand catering to increasing population vs value addition, FDI, high end product manufacturing and export.

Lets look at recent happenings with regards to Uttar Pradesh. All of this is in public domain.

1. UP govt approves ambitious Ganga Expressway project worth Rs 36,402 cr
2. Gorakhpur Link Expressway: Faster connectivity from Lucknow, Agra & Delhi with 6-lane 91.3 km long expressway worth Rs 5,876.68 crore.
3. Yogi Adityanath’s flagship Purvanchal Expressway nears completion worth Rs 11,215 crore
4. 15 new medical colleges under construction in UP, Centre permission awaited for 14 more
5. UP industrial dev authorities allot 1,100 plots to attract `9,700 crore investment
6. UP jumps to 2nd position in ease of doing business rankings
7. UP govt clears new industrial policy aiming to woo fii.
8. Uttar Pradesh Government clears Gorakhpur’s Rs 4,672 cr light metro rail
9. 13 UP districts to get 650 electric buses ..
10. Uttar Pradesh Government to bring driverless pod taxis around 1000 crores.
11. Yogi govt expedites Ayodhya international airport project
12. Around 464 acre land has been identified for the mega project that would cost around ₹6400 million. Out of this, only 177 acre could be acquired till date.
13. By 2024 Yogi Govt is Planning to Add 9 New Civil Airports in UP 》Ayodhya (Ph-1) 》Chitrakoot 》Jhansi 》Muirpur 》Aligarh 》Azamgarh 》Shravasti 》Sarsawa 》Gazipur
14. Jewar airport project: Yeida seeks Yogi government go-ahead to begin land acquisition

In phase-2, the government has the target to acquire 1,365 hectares of land. In phase-three, 1,318 hectares will be acquired while in phase-four, 735 hectares will be acquired. Work on Noida International Airport to start soon! UP signs concession agreement with Zurich Airport

Then that French firm, Kanpur’s MKU to make night vision devices for armed forces in UP worth thousands crores and major defence players with Yogi Adityanath discussing investments in UP defence industrial corridor worth billions.

AND GUESS WHAT ZERO CORRUPTION !!!!!

No wonder certain dhimmis are doing standard randi rona about numbers.

 

[FalconSlayers]

Ya'll Nibbiars Shanghai-based Fosun acquired a 74% stake in the company in 2017.

Why?

 

[Haldilal]

Why?

Ya'll Nibbiars China is making only startegic Investment's only is startegic sector. The rest you can imagine.

 

[asaffronladoftherisingsun]

Ya'll Nibbiars China is making only startegic Investment's only is startegic sector. The event you can imagine.

Okay when cabinet committee on economics confronted this sadu (boss of gland pharma) and asked about this shit , he informed that chinese will give cheap api that works. Also despite being a subsidiary the autonamy shall be maintained by us.

 

[Haldilal]

Okay when cabinet committee on economics confronted this sadu (boss of gland pharma) and asked about this shit , he informed that chinese will give cheap api that works. Also despite being a subsidiary the autonamy shall be maintained by us.

Ya'll Nibbiara And it's stay only on paper. Fosun Pharma is making whole use of the Gland Pharma.

 

[Haldilal]

Ya'll NibbiarsIndia’s pharmaceutical sector was also a major recipient of Chinese FDI. The Shanghai-based drug firm Fosun Pharma acquired a 74 percent majority stake in the Hyderabad-based pharmaceutical manufacturing and R&D firm Gland Pharma in 2017, at a valuation of US$1.08 billion, according to The China Global Investment Tracker.

2016 onwards, India’s technology space began to see an influx of private Chinese capital. Dozens of Chinese technology firms and venture capital players – led by tech giants Alibaba (in Paytm, BigBasket, and Zomato) and Tencent (in Ola, Flipkart, and BYJU’s) – acquired minority or controlling stakes in Indian start-up unicorns. According to data from Invest India, leading Chinese smartphone makers OPPO, VIVO, Xiaomi, and Huawei have all secured 100 percent FDI for contract manufacturing of electronic gadgets in India and have set up plants in the states of Uttar Pradesh, Andhra Pardesh, and Tamil Naidu.

The Chinese automotive company SAIC, which conducts R&D, manufactures, and sells passenger and commercial vehicles, also has a presence in India. Its India operations include a former General Motors company that it acquired and currently has a production capacity of 80,000 units per year. SAIC Motors UK’s subsidiary MG Motors has also registered its presence in India. BYD Auto Co successfully launched electric buses in 2020.

 

[asaffronladoftherisingsun]

Ya'll NibbiaraAnd it's stay only on paper. Fosun Pharma is making whole use of the Gland Pharma.

Ok fair point . But also look at this aspect that it is able to tap into the chinese market, which is the second-largest injectables market in the world.

What are its cons? Outnumber the pros? Given already we get cheap apis from china.

WHich takes us back to point 1 of mine - expedite manufacturing local apis...

 

[Indx TechStyle]

View attachment 81966

These are 2019-20 stats.

As far as doubling is concerned I tried to find his speech but failed. Yogi Goverment came in 2017 and will finish its tenure in 2022. I see no reason why he will quote figures of previous government to add to his account.

This list has incorrect GDP vs year data (That's WHY I MARKED IT INCONSISTENT). There is a decade wise GDP section which you can use for actual data.