Indian Economy: News and Discussion

[FalconSlayers]

Mumbai streets look pathetic and unaesthetic, they need a lot of redevelopment, and it’s not gonna happen after all, Dharavi redevelopment is stuck and won’t happen for the next 16 years as well.

 

[Haldilal]

Mumbai streets look pathetic and unaesthetic, they need a lot of redevelopment, and it’s not gonna happen after all, Dharavi redevelopment is stuck and won’t happen for the next 16 years as well.

Ya'll Nibbiars Dharavi is not Mumbai. The streets are much better now. Just you don't like the tiles colour doesn't mean it's pathetic. But your taste is not.

 

[RoaringTigerHiddenDragon]

South korea a tiny country exports more than us no point looking at our neighbours

Also Vietnam exports as much as we do. We need to get serious about rapidly growing our manufacturing exports.

 

[sauntheninja]

Mumbai streets look pathetic and unaesthetic, they need a lot of redevelopment, and it’s not gonna happen after all, Dharavi redevelopment is stuck and won’t happen for the next 16 years as well.

Most of the city is under construction now so roads are shortened and areas near railway stations are obviously congested and which Indian city is aesthetically pleasing?

 

[Haldilal]

Most of the city is under construction now so roads are shortened and areas near railway stations are obviously congested and which Indian city is aesthetically pleasing?

Ya'll Nibbairs even Bengaluru has become like any other city once the Green city of India is now is dismissal.

 

[Indx TechStyle]

Do you think in a country whose population still struggles with 19th century issues like water,sanitation,nutrition,basic healthcare will all of a sudden become a prosperous country in 15-20 years.

Actually solving these problems is the transition into an upper middle income economy which is not realistic before a time period of 10-15 years but is likely to reach there too in terms of improvement rates. China will become a developed country by then though while India will just be catching up with Latin America.

Being an upper middle income nation isn't an equivalent of being prosperous. And being a developed nation in league of US or Japan is a very long term dream for a lower-middle income nation like India. There is nothing extraordinary with projections. India will transit into an upper middle income country like Russia and China and the huge economy with a huge population will give it some political leverage.

 

[Suryavanshi]

Also Vietnam exports as much as we do. We need to get serious about rapidly growing our manufacturing exports.

For That purpose DFC, Sagarmala and Roadmala are coming up as well as national logistic policy.

 

[SKC]

What happened to the hyperloop project in India?

Same as what happened to these projects in other countries. Simply not feasible.
The input costs are astronomically high!
No single company is leading, a bunch of separate startups are putting forward their models.

 

[Haldilal]

Ya'll Nibbiars this year may collect 50,000 crore from the Fastag alone.

FASTag toll collections rises 21% in June, as compared to May, to Rs 2,576.28 crore

However, toll collections through FASTag in June were still lower than the Rs 2,776.90 crore witnessed in April and Rs 3,086.32 crore seen in March. Similarly, the total number of FASTag toll transactions were also lower in June as compared to the 16.433 crore seen in April and 19.321 crore...

www.moneycontrol.com

 

[RoaringTigerHiddenDragon]

I sorry what you just wrote is called "mungrilal ke haseen sapne".

lavish lifestyle Really ?

Do you think in a country whose population still struggles with 19th century issues like water,sanitation,nutrition,basic healthcare will all of a sudden become a prosperous country in 15-20 years.The kind of living standards that is prevalent over India can only be found in countries that form the bulk of the bottom 25% quartile.Therefore It would be a massive achievement even if we achieve a living standard anywhere closer to Mexico,Peru.

Becoming the 3rd largest economy is not an achievement especially when you have a continental size population. Being the elephant in the house is not an achievement when the rest of the competitors are pygmies. Ireland with the population of just 45 lakh can produce an economy of 500 billion USD which is bigger than Maharastra.

As for per capita income,According to Centre for Economics and Business Research,India will only manage to achieve a per capita income of $7,000 by 2035 and a GDP of just over 9 trillion.
Which means India will continue to remain below world average,almost 6 times poorer than China,2.5 times poorer than Turkey,Mexico and Vietnam.

Nope. Per capita real gdp or ppp gdp is what matters. Not nominal. At some point india will let rupee appreciate as exports led growth reaches its limits. When rupee appreciates nominal gdp increases. Happened with China as yuan appreciated against the dollar.
A lot of modern goods will have their production localized by 2030 too - so how far the rupee goes is what matters. Also, the dollar is in decline. So it is not straight forward as this research sounds.
of course we need to control population growth in eastern up, Bihar, etc. to get per capita income to decent levels. This decade is make or break for us. Grow slowly and we get trapped in lower middle income status forever. We need a decade of 10%+ p.a growth.

 

[FalconSlayers]

Also Vietnam exports as much as we do. We need to get serious about rapidly growing our manufacturing exports.

I don’t see Bangalore becoming next Shenzhen, look at Bangalore it looks like an ordinary Indian city, not a planned city like Shenzhen which looks far advanced, I mean look it yourself mate.




So I feel government should have had made a IT SEZ dedicated for it but they didn’t everything is clustered here and there.

 

[Haldilal]

Ya'll Nibbiars

NPCI to launch FASTag-enabled parking lots across the country

In its statement, the NPCI said that it was geared to expand the facility to Mumbai, Delhi, Bangalore, Chennai, and Trivandrum.

www.medianama.com

 

[FalconSlayers]

Most of the city is under construction now so roads are shortened and areas near railway stations are obviously congested and which Indian city is aesthetically pleasing?

None, unfortunately!

 

[Haldilal]

Ya'll Nibbiars

Mumbai’s once infamous underworld den to be replaced by skyscrapers

Dagdi Chawl, the once infamous den of underworld don Arun Gawli in Mumbai is all set to be redeveloped

www.hindustantimes.com

 

[FalconSlayers]

Ya'll Nibbiars

Mumbai’s once infamous underworld den to be replaced by skyscrapers

Dagdi Chawl, the once infamous den of underworld don Arun Gawli in Mumbai is all set to be redeveloped

www.hindustantimes.com

Is it the BDD chawl?

 

[Haldilal]

Is it the BDD chawl?

Ya'll Nibbiars BDD chawl was never den for the Mafia. It's Dadgi Chawla. Arun Gawlis neighborhood. Will be developed by his family with builders.

 

[FalconSlayers]

Ya'll Nibbiars BDD chawl was never den for the Mafia. It's Dadgi Chawla. Arnab Gowlis neighborhood. Will be developed by his family with builders.

So this Dagdi chawl will be replaced by a Skyscraper?

 

[fire starter]

Ya'll Nibbiars

Mumbai’s once infamous underworld den to be replaced by skyscrapers

Dagdi Chawl, the once infamous den of underworld don Arun Gawli in Mumbai is all set to be redeveloped

www.hindustantimes.com

This govt is anti poor they are ravaging all the things which are symbol of Poverty.
Modiiiiii must regineeeeee!!!!!!

 

[Suryavanshi]

Actually solving these problems is the transition into an upper middle income economy which is not realistic before a time period of 10-15 years but is likely to reach there too in terms of improvement rates. China will become a developed country by then though while India will just be catching up with Latin America

Being an upper middle income nation isn't an equivalent of being prosperous. And being a developed nation in league of US or Japan is a very long term dream for a lower-middle income nation like India. There is nothing extraordinary with projections. India will transit into an upper middle income country like Russia and China and the huge economy with a huge population will give it some political leverage.

Let me give u example of my village.
Our village recently installed solar street lights from MP fund money.
Har Ghar jal scheme has been implement in our village Evey house has a Tap water connection. Water time is 8 to 10, 12 to 2 and 6 to 8.
Water is always available if the tank is full.

Naked electric wires have been converted into covered ones with a connection panel so people can just hook a wire and call it a day. Meter in Evey House so no more free Ka Bijli. Tenders are being given off for collecting electric bill.
This all in a backward district in Bihar.

Things are getting better and it will only get better form here.

As tier two and three cities get better access to infra, Electricity and water people will start migrating from poverty.

 

[Haldilal]

So this Dagdi chawl will be replaced by a Skyscraper?

Ya'll Nibbiars Many skyscraper after all it's a 5 acres plot.