Indian Economy: News and Discussion

[Haldilal]

Ya'll Nibbiars Almost no standardized HDI metric will fit the mold of India. I hope there is an Indian metric that is not foreign currency based. This "X$ per day income"/ PPP wala metric is a trap. We have reached 100% last mile connectivity for taking power lines to villages in these last 3 years even though power supply is short, so it should have shown up as a positive somewhere. We have also reached maximum mobile broadband penetration. We have one of the least crime rate. Even our slums are not violent ghettos, unlike Brazil. Neither of these things show up in any happiness index. Let's make a mental note of what metrics we want to judge ourselves by and more importantly, where to draw the line with government involvement in "wealth redistribution", because the slippery slope will take us back to Nehru's socialism.

If the government is able to make electricity, water and security available for the people, almost every other deficiency in the quality of life is the citizen's personal problem. One has to be clear about that, otherwise we will be stuck in "haye tauba!" mode forever.

 

[fire starter]

 

[ezsasa]

Ya'll Nibbiars Almost no standardized HDI metric will fit the mold of India. I hope there is an Indian metric that is not foreign currency based. This "X$ per day income"/ PPP wala metric is a trap. We have reached 100% last mile connectivity for taking power lines to villages in these last 3 years even though power supply is short, so it should have shown up as a positive somewhere. We have also reached maximum mobile broadband penetration. We have one of the least crime rate. Even our slums are not violent ghettos, unlike Brazil. Neither of these things show up in any happiness index. Let's make a mental note of what metrics we want to judge ourselves by and more importantly, where to draw the line with government involvement in "wealth redistribution", because the slippery slope will take us back to Nehru's socialism.

If the government is able to make electricity, water and security available for the people, almost every other deficiency in the quality of life is the citizen's personal problem. One has to be clear about that, otherwise we will be stuck in "haye tauba!" mode forever.

Where did I read this before?

 

[Haldilal]

Where did I read this before?

Ya'll Nibbiars Haldiram recyclings old posts.

 

[asaffronladoftherisingsun]

Well done Well done Well done

 

[Haldilal]

Ya'll Nibbiars @ezsasa Nibba what's the problem in recycling Haldirams old posts?. Do you even knew how much I worked today and even after that much work had to listen to the PMs daats.

 

[tommy]

Ya'll Nibbiars @ezsasa Nibba what's the problem in recycling Haldirams old posts?. Do you even knew how much I worked today and even after that much work had to listen to the PMs daats.

Haldiji we all knew who you were.

 

[Haldilal]

Haldiji we all knew who you were.

Ya'll Nibbiars I am not Haldirams.

 

[Lonewolf]

Haldiji we all knew who you were.

You are a old member too . I get a gist of it

 

[here2where]

Which proves the point that the HDI is flawed, like I said the any development index should consider sustainability. Examples of Venezuela and Srilanka speak for themselves according to me.

Take Saudi Arabia as example. I dont have hdi of that country handy, but pretty sure its citizens were very well cared for during height of petro dollar curve. Heck, saudi citizens didn’t even have to pay taxes!

Now hdi might have shown positive numbers. But it doesn’t indicate whether that model of a welfare state was sustainable. It was not the job of the hdi indices to say that. It was for the rulers/ministers with foresight to decide in the economic model the country should follow to maintain the country’s high indices.

 

[Haldilal]

video cassette i think , still remember batman paying for drinks with his black bat credit card.

literally makes zero sense .

Ya'll Nibbiars The black cards are the status symbol in foreign they are related to the High Net Individual who averagely pays 5,000 dollars per pm as they give literally unlimited access to money's both debit and credits.

 

[Cheran]

As someone currently living on woke (west) coast of US, I identify as a female shuturmurg now. That will help a bit.

OT, but remember that boys can have babies too. This is 2022.

 

[Love Charger]

OT, but remember that boys can have babies too. This is 2022.

He will have to bear the pain anyway, sed lyf

 

[Shuturmurg]

India's merchandise exports for 2021-2022 comes at $417.81 billion, ~18 billion over target.

India's March exports touch $40.38 bln - govt source

India's merchandise exports touched a record $40.38 billion, while imports rose to $59.07 billion, a government source said on Friday, referring to provisional trade data.

www.reuters.com

 

[FalconSlayers]

India's merchandise exports for 2021-2022 comes at $417.81 billion, ~18 billion over target.

India's March exports touch $40.38 bln - govt source

India's merchandise exports touched a record $40.38 billion, while imports rose to $59.07 billion, a government source said on Friday, referring to provisional trade data.

www.reuters.com

And imports?

 

[Shuturmurg]

And imports?

It says in the same link 610 billion USD for merchandise. Coudn't find the numbers on services anywhere. We typicall run surplus in services.

 

[Butter Chicken]

India's merchandise exports for 2021-2022 comes at $417.81 billion, ~18 billion over target.

India's March exports touch $40.38 bln - govt source

India's merchandise exports touched a record $40.38 billion, while imports rose to $59.07 billion, a government source said on Friday, referring to provisional trade data.

www.reuters.com

Merchandise export is very good.

Next year data should be great, expecting goods export to cross $500 billion due to FTA with UAE and Australia
UK FTA also possible

 

[FalconSlayers]

It says in the same link 610 billion USD for merchandise. Coudn't find the numbers on services anywhere. We typicall run surplus in services.

Around $1.4 to $1.5 trillion annual trade, it seems like the war has pushed prices up. Will we be able to maintain this momentum for long?

 

[ezsasa]

It says in the same link 610 billion USD for merchandise. Coudn't find the numbers on services anywhere. We typicall run surplus in services.

services export : 230+ billion $

India’s exports in February 2022 up by 25.41 percent to USD 57.03 Billion over the same month last year

India’s overall exports (Merchandise and Services combined) in February 2022* are estimated to be US

pib.gov.in

.

 

[FalconSlayers]