Indian Economy: News and Discussion

Suryavanshi

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For a country to control inflation it must make optimum use of it's resources to provide for its population.
The needs of a population are as follows:

1)Food.
2)Water.
3)Healthcare.
4)Housing.
5)Education.

All these can be met if we optimize our resources.

Food is not an issue India has enough land to sustain 2 billion population at full capacity.
Water can be managed by proper planning, policy and protection.
Healthcare is already decent, if corruption and redundancy is cut than our system can achieve excellence in a decade.
Housing and Education are a complex topic there are thread for this already.
 

Edinburgh

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For a country to control inflation it must make optimum use of it's resources to provide for its population.
The needs of a population are as follows:

1)Food.
2)Water.
3)Healthcare.
4)Housing.
5)Education.

All these can be met if we optimize our resources.

Food is not an issue India has enough land to sustain 2 billion population at full capacity.
Water can be managed by proper planning, policy and protection.
Healthcare is already decent, if corruption and redundancy is cut than our system can achieve excellence in a decade.
Housing and Education are a complex topic there are thread for this already.
I think India's inflation has a great impact on the price of onions in food.
 

TakAman

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No, PPP is based on the US dollar, and the US dollar is also in inflation,So PPP has been inflating.
No, no, no.

PPP just means purchasing power parity. Not the US dollars.

That measures how the economy is growing at fixed prices. For example,

If one nation makes 100 units of product X in 2010. At 100 INR/auto.
Next year, they make 110 units at 101 INR/auto.

PPP growth will be (110-100)/100 = 10%
While nominal growth = Real growth + inflation.

Learn the basics of real v/s nominal here: https://courses.lumenlearning.com/boundless-economics/chapter/comparing-real-and-nominal-gdp/

US dollar has no role to play in such.
 

Edinburgh

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No, no, no.

PPP just means purchasing power parity. Not the US dollars.

That measures how the economy is growing at fixed prices. For example,

If one nation makes 100 units of product X in 2010. At 100 INR/auto.
Next year, they make 110 units at 101 INR/auto.

PPP growth will be (110-100)/100 = 10%
While nominal growth = Real growth + inflation.

Learn the basics of real v/s nominal here: https://courses.lumenlearning.com/boundless-economics/chapter/comparing-real-and-nominal-gdp/

US dollar has no role to play in such.
Screenshot_20210623_181740.jpg
Screenshot_20210623_181504.jpg

The dollar is the benchmark, and the normal GDP of the United States = GDP (PPP)
 

Chandragupt Maurya

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@Edinburgh
China planned this railway link from Beijing to Raxaul via Kathmandu there are no updates available on this project since 2018 👇
On the other hand india has already started making Raxaul Kathmandu rail line 👇
The railway line which india is making to link Kathmandu with Raxaul is of different gauge so even if China makes Beijing Kathmandu railway line it won’t be able to come till Raxaul using this railway line
 

TakAman

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View attachment 96016View attachment 96017
The dollar is the benchmark, and the normal GDP of the United States = GDP (PPP)
Again, you are confusing two things here.
Dollars is not a benchmark.

Prices in USA are a benchmark.

Cost of goods in each nation is benchmarked against how costly it is in USA.

Secondly, Indian GDP (PPP) measured in INR has also grown much more.

Plus, dollar getting stronger on INR (from 45 - 75 from 2009 to 2021) has actually hurt the economy and not inflated it.

If Indian economy is 195 lakh crore INR which comes to be 2.8 trillion USD.
If USD did not inflate and was 45 as in 2009, it would be 4.2 trillion USD.
 

SKC

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In 2010 everything was half the price it is today.
Petrol Diesel around 50.
basmati Rice 30 to 40 rs kg.
Atta was 15 to 20.
Dal was 50 per kg.
Kaju was 400 to 500 rs kg.
Rent for 2 to 3 bhk was around 3500 to 5000.
As far as I remember, Dal's prices shoot up around 100+ during that period 2010-12. It remained so for long time around from then.
Sugar price almost trippled form 17-18 to 42-45 per kg.
 

sauntheninja

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Post not loading up.
Modi said this in 2012
The massive hike in petrol prices is a prime example of the failure of Congress-led UPA. This will put a burden of hundreds of crores on Gujarat. This decision, coming a day after the ending of Parliament session is a stinging rebuke to the dignity of Parliament!
 

ladder

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Can the relative proportion of sell of petrol: diesel predict the effectiveness of lockdown?
( I know Zomato, courier and others use petrol bikes for delivering goods)
 

SKC

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Modi said this in 2012
The massive hike in petrol prices is a prime example of the failure of Congress-led UPA. This will put a burden of hundreds of crores on Gujarat. This decision, coming a day after the ending of Parliament session is a stinging rebuke to the dignity of Parliament!
Hold your horses man! Things are not that simple.
During UPA 2 the avg inflation was over 14-15% every raise in Fuel price was worse affecting people back then.
prices did not increase by 10-20% price simply doubled or tripled over 2-3 yrs.
As I said earlier Dal prices increased from 20-50rs to directly over 100 even to 200 for some dals.
Sugar price increased from 17-18rs to over 40rs. Similar for Milk and other daily use commodities.
 

hit&run

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A thread started yesterday merged here.

The detoxification of Indian economy was required as it was running on black money which eventually was used to run Sonia Gandhi’s reign. The growth of tax net, availability of liquidity which went into the accounts of small traders and small Industries and enterprises, unprecedented growth of granting small loans to poor masses aspiring to start small scale business especially women and SC, BC communities, social schemes for last man in the queue, are few visible effects of that detoxification.
 

Edinburgh

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@Edinburgh dont you think China has failed to compete with India in Nepal and Bangladesh?
China is only offering a second option, and some smaller countries are getting better terms from India when they choose. For these small countries, it is good news that they will have more chips in the face of the surrounding powers.
 

hit&run

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People here are comparing Fuel prices of Modi's tenure with Fuel prices of that poodle who first bought oil on made up bonds, payment of which is still out standing.

Not only that these cry babies are comparing it with Manmohan Singh’s patch work economy marked with dodgy social schemes, corruption of epic proportions, high inflation sans DBT, banking, easy loans, start ups, faster and cheaper internet, optimised food distribution, policy implementation, paced infrastructure projects.

Only a fool would cry for no cardimom while drinking milk which he never tasted before.
 

Leonardo Alves

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People here are comparing Fuel prices of Modi's tenure with Fuel prices of that poodle who first bought oil on made up bonds, payment of which is still out standing.

Not only that these cry babies are comparing it with Manmohan Singh’s patch work economy marked with dodgy social schemes, corruption of epic proportions, high inflation sans DBT, banking, easy loans, start ups, faster and cheaper internet, optimised food distribution, policy paralysis, snail paced infrastructure projects.

Only a fool would cry for no cardimom while drinking milk which he never tasted before.
And sir forgetting the internet payment revolution that was brought under this government, everyone today mostly of younger generation has BHIM upi account.
They talk about future.
 

doreamon

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The gap between number of unicorns between USA and others is out of the world .. The reason i think USA continue to rise is because it keeps attracting talents from over the world .. Thats why white nationalism was a big threat their deep state wanted to get rid of .. The woke culture is strategic for them.. and its a curse for us .. If u see raddit there is a page called r india most of whose traffic is from usa and uk ... This thread mostly a india basing page and many thread i saw recent days saying why leave india .. People from humanity background in usa are their national assets ..
 

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