Indian Economy: News and Discussion

[sauntheninja]

I’m not in a mood for joking and I am not saying we should become a dictatorship and all that BS, I’m saying that our startup ecosystem is nothing in front of them, and even our startups are filled with Chinese investments and the Indian startups don’t get funds domestically and we have very few incubators or startup seed funding by government, we lack in innovation and all.

You do realize we are only a 2.7 trillion dollar economy. private investors and the government can't just throw money when they have so many other important issues to address you can't exactly expect innovation when so many of your people are barely surviving on daily wages and haven't got a proper education

 

[FalconSlayers]

 

[FalconSlayers]

 

[Edinburgh]

You do realize we are only a 2.7 trillion dollar economy. private investors and the government can't just throw money when they have so many other important issues to address you can't exactly expect innovation when so many of your people are barely surviving on daily wages and haven't got a proper education

Some people say that GDP is underestimated, some people say that GDP is overestimated.Overestimation is mainly due to the change of GDP calculation method in 2015.

Is India exaggerating its economic growth?

The country's former chief economic adviser has said India's GDP is being overstated.

www.bbc.com

In the end, it will become more and more accurate with time.

Other major reasons for suspicion are
1.The proportion of fiscal revenue to GDP is too low，Doubt real GDP is not that high
2.Monetary growth M2 and inflation
Monetary growth ∽ economic growth + inflation rate. Over the past ten years, India's monetary growth has been similar to China's as long as the numerical rate of economic growth, but China's inflation rate is only 2%, while India's average is 6% -7%.It shows that economic growth has not been able to absorb the growth of money, and the surplus is reflected in prices.

3.The level of credit, generally speaking,Economic Growth is high, and the private sector is willing to borrow to expand production, but credit growth in India is lower than economic growth.

These are just some of the points I've seen，Only in terms of general economic laws.

 

[Chandragupt Maurya]

Most of the investments in Uttar Pradesh are coming to Delhi NCR region it would be better if investment come in other cities of Uttar Pradesh like Varanasi , Kanpur , Lucknow , Meerut , Agra , Prayagraj etc
And the Purvanchal Expressway needs to be extended till Patna and Kolkata so that the farmers of Uttar Pradesh and Bihar can export their products using Kolkata and Haldia port
Eastern Dedicated Freight Corridor is under construction an expressway between Delhi-Lucknow-Patna-kolkata will further boost the economy of this region Nepal and North East should also get connected to Kolkata and Haldia port

 

[HariPrasad-1]

Some people say that GDP is underestimated, some people say that GDP is overestimated.Overestimation is mainly due to the change of GDP calculation method in 2015.

Is India exaggerating its economic growth?

The country's former chief economic adviser has said India's GDP is being overstated.

www.bbc.com

In the end, it will become more and more accurate with time.

Other major reasons for suspicion are
1.The proportion of fiscal revenue to GDP is too low，Doubt real GDP is not that high
2.Monetary growth M2 and inflation
Monetary growth ∽ economic growth + inflation rate. Over the past ten years, India's monetary growth has been similar to China's as long as the numerical rate of economic growth, but China's inflation rate is only 2%, while India's average is 6% -7%.It shows that economic growth has not been able to absorb the growth of money, and the surplus is reflected in prices.

3.The level of credit, generally speaking,Economic Growth is high, and the private sector is willing to borrow to expand production, but credit growth in India is lower than economic growth.

These are just some of the points I've seen，Only in terms of general economic laws.

He is a US agent. Inspite of being on the position head of Niti Ayog, he asked US to teach India a lesson. Dr subramanian swamy conveyed his tape to Modi. Thereafter he resigned. He was an US mole in India's finance policy making.

 

[Crazywithmath]

Some people say that GDP is underestimated, some people say that GDP is overestimated.Overestimation is mainly due to the change of GDP calculation method in 2015.

Is India exaggerating its economic growth?

The country's former chief economic adviser has said India's GDP is being overstated.

www.bbc.com

In the end, it will become more and more accurate with time.

Other major reasons for suspicion are
1.The proportion of fiscal revenue to GDP is too low，Doubt real GDP is not that high
2.Monetary growth M2 and inflation
Monetary growth ∽ economic growth + inflation rate. Over the past ten years, India's monetary growth has been similar to China's as long as the numerical rate of economic growth, but China's inflation rate is only 2%, while India's average is 6% -7%.It shows that economic growth has not been able to absorb the growth of money, and the surplus is reflected in prices.

3.The level of credit, generally speaking,Economic Growth is high, and the private sector is willing to borrow to expand production, but credit growth in India is lower than economic growth.

These are just some of the points I've seen，Only in terms of general economic laws.

Don't post stuff you have no idea about. Revision to GDP estimation methods happen all the time and is therefore not a big factor. If one truly believes that then the same allegation should be applied more to China who artificially inflate their GDP numbers. 8% growth was overestimated! What's next? 23.9% contraction in Q1 Fy2020-21 was underestimated? How about writing on that too? These stupid outsiders and their propaganda, lol.

 

[Chandragupt Maurya]

Don't post stuff you have no idea about. Revision to GDP estimation methode happen all the time and is there fire nit a bid factor. If one truly says that the same allegation applied more to China who artificially indiate their GDP numbers. 8% growth was overestimated! What's next? 23.9% contraction in Q1 Fy2020-21 was underestimated? How about writing on that too? These stupid outsiders and their propaganda, lol.

FOREX reserves cannot be artificially inflated and FOREX reserves of India are already 608 billion dollars

 

[FalconSlayers]

FOREX reserves cannot be artificially inflated and FOREX reserves of India are already 608 billion dollars

In 2014 it was 304 billion dollars, in 7 years our forex reserves exactly doubled to 608 billion dollars.

 

[Crazywithmath]

FOREX reserves cannot be artificially inflated and FOREX reserves of India are already 608 billion dollars

FOREX is irrelevant was talking about GDP numbers mostly. These stupid articles on economics never fail to amaze me.

 

[HariPrasad-1]

Some people say that GDP is underestimated, some people say that GDP is overestimated.Overestimation is mainly due to the change of GDP calculation method in 2015.

Is India exaggerating its economic growth?

The country's former chief economic adviser has said India's GDP is being overstated.

www.bbc.com

In the end, it will become more and more accurate with time.

Other major reasons for suspicion are
1.The proportion of fiscal revenue to GDP is too low，Doubt real GDP is not that high
2.Monetary growth M2 and inflation
Monetary growth ∽ economic growth + inflation rate. Over the past ten years, India's monetary growth has been similar to China's as long as the numerical rate of economic growth, but China's inflation rate is only 2%, while India's average is 6% -7%.It shows that economic growth has not been able to absorb the growth of money, and the surplus is reflected in prices.

3.The level of credit, generally speaking,Economic Growth is high, and the private sector is willing to borrow to expand production, but credit growth in India is lower than economic growth.

These are just some of the points I've seen，Only in terms of general economic laws.

No it was not. China grew at 16% for 10 years to double GDP market price. If inflation was 2%, GDP growth rate should be 14% which was not. So inflation should be higher than 2%.

 

[India Super Power]

I personally feel our forex is increasing not becoz our economy is doing good but rather world economy is doing bad

 

[HariPrasad-1]

Don't post stuff you have no idea about. Revision to GDP estimation methods happen all the time and is therefore not a big factor. If one truly believes that then the same allegation should be applied more to China who artificially inflate their GDP numbers. 8% growth was overestimated! What's next? 23.9% contraction in Q1 Fy2020-21 was underestimated? How about writing on that too? These stupid outsiders and their propaganda, lol.

In traditional methods of working of GDP growth, it was counted on some 50 major industries. Subsequently, many Other industries which ware of very less significant became Lalrge in volume. Their inclusion in GDP growth rate of India was necessary. It is the guideline of IMF as well. Shifted base year is a standard practice. It is always done after almost a decade if I am not wrong.

 

[Crazywithmath]

In traditional methods of working of GDP growth, it was counted on some 50 major industries. Subsequently, many Other industries which ware of very less significant became Lalrge in volume. Their inclusion in GDP growth rate of India was necessary. It is the guideline of IMF as well. Shifted base year is a standard practice. It is always done after almost a decade if I am not wrong.

That's precisely why I wrote that the article was a mere propaganda. Morons have no idea what they are writing on and claim to be experts on policy matters.

 

[Edinburgh]

No it was not. China grew at 16% for 10 years to double GDP market price. If inflation was 2%, GDP growth rate should be 14% which was not. So inflation should be higher than 2%.

The two are positively related, but not exactly equal.
Another economist suspects that it is because of fiscal revenue，Britain's fiscal revenue is twice that of India, possibly because of India's high tax evasion or GDP is overestimated.

 

[ezsasa]

I personally feel our forex is increasing not becoz our economy is doing good but rather world economy is doing bad

Forex reserves are largely a policy intervention. In old days, much of the forex was used to contain forex fluctuations.

RBI can use Forex reserves to curb volatility: Raghuram Rajan

Re slumped to as low as 66.49 per dollar on Monday, its lowest since September 2013, as Asian markets reeled under fears of a China-led global economic slowdown.

m.economictimes.com

there was a time when Raghu ram Rajan as RBI chief thought India won’t need forex reserves more than 400 billion $.

Forex fluctuations used to happen because of weak economic fundamentals like inflation, FDI.


So modi govt handed over inflation control responsibility to RBI.

and on the govt side, CM’s like Fadnavis cracked down on potato, onion, tomatoes, sugar cane mafia in MH, who were hoarding and effecting national prices there by impacting inflation.

central govt maintained domestic fuel prices at constant prices, inspite of low global prices for a few years, to control the inflation fluctuations. they used that money for building infrastructure, instead of wasting it on controlling inflation.

Part of the same strategy is building agri cold chains & food parks, to control food inflation.

 

[t 90s]

The two are positively related, but not exactly equal.
Another economist suspects that it is because of fiscal revenue，Britain's fiscal revenue is twice that of India, possibly because of India's high tax evasion or GDP is overestimated.
View attachment 95631View attachment 95632

Yes. even so called middle class in india is poor compared to the middle class of rest of the world.

 

[Lonewolf]

Functional requirements for Double decker aluminium body coaches for 200kmph ( upgradeable to 250kmph). PDF from RDSO.

What's about , is it for made in india or for our mcf wtc only

 

[Lonewolf]

Yes. even so called middle class in india is poor compared to the middle class of rest of the world.

So does our prices by ppp

 

[t 90s]

So does our prices by ppp

You don't buy oil from abroad in PPP you use nominal dollar, etc. Nor do you buy other electronic , manufacturing goods in PPP. PPP is good if you produce everything on your own, Which you don't.