Indian Economy: News and Discussion

[sauntheninja]

It means all are doing it ,then what part of cost going to indian economy??

the main aim is creating a ecosystem where an Indian manafacturer can enter the market and build their mobile phones without importing most of the parts from China , Korea or taiwan

 

[FalconSlayers]

 

[another_armchair]

View attachment 93481

Is this true? If yes, not good. It was the inflation which primarily got UPA 2 down.

They are spot on.

With monsoon arriving, expect food inflation basket to rise.

Those invested in mutual funds may want to keep an eye on their returns & redemption.

 

[Suryavanshi]

They are spot on.

With monsoon arriving, expect food inflation basket to rise.

Those invested in mutual funds may want to keep an eye on their returns & redemption.

Is Mudi Kaka confused between cooking oil and vehicle oil. Cooking oil prices are rising for no reason.

 

[another_armchair]

Is Mudi Kaka confused between cooking oil and vehicle oil. Cooking oil prices are rising for no reason.

Not entirely correct.

https://in.investing.com/commodities/crude-palm-oil

Most edible oils have risen by nearly 100% over the last year.

As demand for local varieties like mustard and groundnut oil goes higher, it is natural for everybody in the chain to try and cash in.

Modi has little control over edible oil prices for now and there's not much he can do either till palm oil and sunflower oil cools off.

Aside, if figures are to be believed, we import over 80% of our edible oil.

 

[FalconSlayers]

@IndianHawk

Gujarat discoms sign pacts for 3,979 solar projects with 2,500 MW capacity

State Energy Minister Saurabh Patel said that the development is a major boost towards the state's commitment to promote renewable energy.

www.business-standard.com

 

[notaname]

Is Mudi Kaka confused between cooking oil and vehicle oil. Cooking oil prices are rising for no reason.

It's due to majority of edible oil is imported and last year soyabean production was not really good so that is also a factor but they had meeting with stakeholders some weeks back they are trying to bring the price down.

 

[RoaringTigerHiddenDragon]

No, that is Indian traders' strategy. No manufacturer will sell his products in different brands simultaneously because it will significantly increase the cost. It is just the different importers put on their own brand when they purchase from the same factory.




How? India's overall performance doesn't convince people. Before Covid, India was only one of the low production cost manufacturing base, nothing more. Since Covid, India has been a disappointment to us. Even before the second wave, the recovery of Indian factories have been far behind the schedule. Every customer is screaming what is happening to our order. When we told them that the issues in India, they replies are "why don't you shift my order to China or SE Asia?". Under such circumstance, nobody is going to shut down their production elsewhere.



That is not up to India directly. Chinese didn't ask the companies to shut down the production in other countries, they simply proved that putting these production in China will bring more profit to these companies.

If you want to use Chinese strategy, sort out your own problem and prove you can offer more.

Why is this CCP bot still allowed to post here? Especially allowed to spout lies after lies to please his commie masters?

Is China still the factory of the world?

China is losing factories at an astonishing pace—in another five years, the manufacturing map of the world will look very different from what it does today. Surveys done by UBS globally suggest that 20-30% of manufacturing will be leaving China. Dongguan, the epicentre of China’s manufacturing...

www.financialexpress.com

 

[Edinburgh]

Why is this CCP bot still allowed to post here? Especially allowed to spout lies after lies to please his commie masters?

Is China still the factory of the world?

China is losing factories at an astonishing pace—in another five years, the manufacturing map of the world will look very different from what it does today. Surveys done by UBS globally suggest that 20-30% of manufacturing will be leaving China. Dongguan, the epicentre of China’s manufacturing...

www.financialexpress.com

The whole article is full of wishful thinking，And some individual examples.
Samsung's mobile phone market share in mainland China is less than 1%，As the wages of Chinese workers rise.It will naturally transfer some labor-intensive industries to other countries where labor is cheaper.
But they are increasing investment in high-tec industries in China. Samsung Electronics has invested $22 billion in the chip industry in Xi'an, China.TSMC Continues to Expand Chip Capacity in Nanjing, China for Additional $3 Billion.
As labor costs rise, China will inevitably upgrade its industrial system and transfer steel, textiles, other parts of assembly to other countries. There are 800 million people in China's labor force, and it is basically impossible to have a large increase in the labor force after that. It will inevitably shift from labor-intensive to capital-intensive and technology-intensive.

Exxon begins development of $10 bn petrochemical complex in China

US-based oil company Exxon Mobil has started developing a petrochemical complex in China which involves an investment of around $10 billion.

internationalfinance.com

 

[no smoking]

Why is this CCP bot still allowed to post here? Especially allowed to spout lies after lies to please his commie masters?

Run out of argument? Now you have to start personal attack? What a pity!

Is China still the factory of the world?

China is losing factories at an astonishing pace—in another five years, the manufacturing map of the world will look very different from what it does today. Surveys done by UBS globally suggest that 20-30% of manufacturing will be leaving China. Dongguan, the epicentre of China’s manufacturing...

www.financialexpress.com

I am sure reading this kind of article will give you a good morning without checking the detail.
In 2020, India received FDI $57 while China $163B, more than anyone in the world. Just use the example of Japan which put $2B to encourage her companies to move out of China. The result was: her companies invested $11B in China while only $3B to India in 2020:

The fact is Chinese is closing the "world factory", compelling those high-pollution and low added-value manufacturing out of China. In the meantime, they are trying to attract investment in high-end manufacturing and services industries. Just have a look of China's share of world manufacturing sector:

Anyone can draw a conclusion: China will continually be world factory for quite long time even though they are not in favor of this title anymore.

 

[RoaringTigerHiddenDragon]

Run out of argument? Now you have to start personal attack? What a pity!






I am sure reading this kind of article will give you a good morning without checking the detail.
In 2020, India received FDI $57 while China $163B, more than anyone in the world. Just use the example of Japan which put $2B to encourage her companies to move out of China. The result was: her companies invested $11B in China while only $3B to India in 2020:

View attachment 93657

The fact is Chinese is closing the "world factory", compelling those high-pollution and low added-value manufacturing out of China. In the meantime, they are trying to attract investment in high-end manufacturing and services industries. Just have a look of China's share of world manufacturing sector:
View attachment 93658

Anyone can draw a conclusion: China will continually be world factory for quite long time even though they are not in favor of this title anymore.

Hello bot: conveniently quoted lower figures for india I see. India had a record breaking fy21 for FDI. It is $81.7 billion dollars. This is a commie bot trick the whole world is aware of: selectively quoting numbers. This kind of lying is why no one believes in any numbers coming out of China. Plus China and HK do these FDI round tripping, where Chinese domestic investments are fraudulently round tripped via Hong Kong to get FDI benefits and also launder money. Per ADB, the portion of FDI that is fraudulently round tripped could be as high as 30-40%.

https://www.adb.org/sites/default/files/publication/157279/adbi-rpb10.pdf

here’s India’s FDI numbers. India undercounts FDI by the way - we don’t include foreign bond borrowing as FDI. But China does. Along with the round tripping fraud and measuring FDI not as per international norms, your FDI numbers are highly inflated. Never ever trust any number coming out of China - put a 30-40% discount on all numbers to get closer to the truth.

India receives record $81.7 bn FDI in FY21

The boost in FDI inflow in the year ending March comes in the backdrop of a series of policy steps taken to improve ease of doing business and to attract investments into domestic manufacturing capacity and an ambitious infrastructure project pipeline

www.livemint.com

 

[RoaringTigerHiddenDragon]

Here’s a bit of the tremendous growth of hi-tech manufacturing in India:

High-tech growth is driving the manufacturing sector in India

Advanced and emerging technologies such as AI, IoT, robotics, and machine learning are gradually catalysing transformation across industries like healthcare, manufacturing, transportation, and retail.

www.fortuneindia.com

This is a report from top CEOs on Indi’s hi-tech manufacturing growth and potential:

India's hi-tech mfg can attract $21bn investment

USISPF says it will generate 5.5 lakh direct jobs in next 5 yrs

www.thehansindia.com

Detailed report on how in several high value manufacturing india is already good and where India must focus. Read the report. It will be eye opening for brainwashed bots like you:

A new growth formula for manufacturing in India

India’s manufacturing sector could become an engine for economic growth and jobs—if it can specialize. Eleven high-potential value chains could more than double its manufacturing GDP in a few years.

www.mckinsey.com

Here’s an excerpt from the report below:
Amongst MITI-V, India has bright prospects of giving China stiff competition. In the Global CEO Survey on Manufacturing Competitiveness by Deloitte, ‘Sixty-two percent of global manufacturing executives’ surveyed rank India as highly competitive on cost, closely mirroring China’s performance on this metric’. In the 2020 Doing Business report by the World Bank Group comparing business regulation, India has ranked 63rd out of 190 economies, improving its position for a third consecutive year, showing commendable efforts at reform. The ranking is a significant improvement from 142nd place in 2014.

Similarly, on the annual Global Manufacturing Risk Index developed by Cushman and Wakefield, countries are ranked on three weighted rankings that focus on conditions, cost and risk. In this report, Vietnam and India move up the cost competitiveness ranking; standing at 2 and 3 respectively for the year 2020, while China continues to retain the top position.

According to the US-India Business Council (USIBC); a powerful lobby group that works to enhance investment flows between India and the US said that ‘India has significantly stepped up its pitch’ to emerge as a global manufacturing hub.

India as a Global-Manufacturing Hub

Introduction China’s reign as the world’s leading manufacturer came to a halt with t

diplomatist.com

Even India’s hi-tech defense exports have been resilient:

Indian defence exports show resilience amid Covid-19 challenges

Indian defence exports have been resilient in the face of the Covid-19 pandemic, newly updated data from the Ministry of Defence (MoD) in New Delhi suggests.

www.janes.com

India’s exports are tilting toward high value added manufacturin:

Indian exports: India’s export basket shows a welcome tilt to higher value-added manufacturing, tech driven items: RBI

India is now exporting more of higher value-added manufacturing and technology-driven items, says RBIs MPS.

m.economictimes.com

 

[indus]

Is Mudi Kaka confused between cooking oil and vehicle oil. Cooking oil prices are rising for no reason.

Prices will remain high till the end of this year. Because local crop is nowhere in sight. Groundnut/Soyabean next crop will come by October (Kharif) and Mustard (Rabi) is even more distant and come in March next year. So we wl have to utilize last year s crop stored till now, which will be sold at a higher price as time passes. Lot depends on palm, soyabean, sunflower oil imports whose prices have reduced a little. Another factor contributing to food inflation is the Covid lockdowns as it affects availability of labour, transport, manufacturing ability etc which causes production costs to go up. Secondly due to lockdowns(partial or full) consumers also try to buy whatever they can moving the price sentiment upwards.

 

[India Super Power]

Should India print more money to boost economy? - Times of India

India Business News: The Covid pandemic has ravaged lives & livelihoods across India. The periodic lockdowns since March of 2020 have taken a toll on several sectors. The

timesofindia.indiatimes.com

Chidambram wasn't wrong

 

[Lonewolf]

Should India print more money to boost economy? - Times of India

India Business News: The Covid pandemic has ravaged lives & livelihoods across India. The periodic lockdowns since March of 2020 have taken a toll on several sectors. The

timesofindia.indiatimes.com

Chidambram wasn't wrong

Wasn't wrong in what ?

 

[India Super Power]

Wasn't wrong in what ?

I mean even chidambram said to print more money

 

[Lonewolf]

I mean even chidambram said to print more money

You know what blunder is printing more money ,chidambaram was chew e tiya of highest order if he said that , we ain't USA , you need something to support your currency if you go on printing spree , idiot was just trying to be andho me kana raja .

This is basic economic , idiots just say what can be used to fullfil what their master fantasize for .

Read about german collapse

 

[India Super Power]

You know what blunder is printing more money ,chidambaram was chew e tiya of highest order if he said that , we ain't USA , you need something to support your currency if you go on printing spree , idiot was just trying to be andho me kana raja .

This is basic economic , idiots just say what can be used to fullfil what their master fantasize for .

Read about german collapse

I know
But for only 2-3 months as qouted by ex rbi official and uday kotak

 

[sauntheninja]

Run out of argument? Now you have to start personal attack? What a pity!






I am sure reading this kind of article will give you a good morning without checking the detail.
In 2020, India received FDI $57 while China $163B, more than anyone in the world. Just use the example of Japan which put $2B to encourage her companies to move out of China. The result was: her companies invested $11B in China while only $3B to India in 2020:

View attachment 93657

The fact is Chinese is closing the "world factory", compelling those high-pollution and low added-value manufacturing out of China. In the meantime, they are trying to attract investment in high-end manufacturing and services industries. Just have a look of China's share of world manufacturing sector:
View attachment 93658

Anyone can draw a conclusion: China will continually be world factory for quite long time even though they are not in favor of this title anymore.

So we finally surpassed South Korea

 

[sauntheninja]

India's defence exports since 2014-15 estimated at Rs 35,777 crore

"The booklet is a reflection of the resolve of the government, under the able leadership of Prime Minister Narendra Modi, to make the defence sector stronger and more efficient," Singh said.

economictimes.indiatimes.com