Indian Economy: News and Discussion

[ezsasa]

If there was no deficit in merchandize Finance minister will be dancing. Nirmala Sitharaman will have so much wiggle room to spend money on so many things.

can you elaborate on this in Gov. revenue terms?

 

[Haldilal]

Ya'll Nibbiars The M3M will soon go Brankcrupt many hidden skeleton found in the accounts.

Delhi Police EOW registers case against eight realty firms over land dispute

The dispute dates back to 2016 and entails allegations and counter-allegations of wrongdoing by M3M and MGF.

www.moneycontrol.com

 

[FalconSlayers]

Ya'll Nibbiars The M3M will soon go Brankcrupt many hidden skeleton found in the accounts.

Delhi Police EOW registers case against eight realty firms over land dispute

The dispute dates back to 2016 and entails allegations and counter-allegations of wrongdoing by M3M and MGF.

www.moneycontrol.com

Shubh shubh bol bille

 

[gajapati]

India’s Gross Domestic Product (GDP) can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry (CII).

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report - The Hindu

No nation right now has such opportunity .

 

[Concard]

can you elaborate on this in Gov. revenue terms?

It is because of the deficit we run finance ministry has to thread carefully with respect to spending. For example let's say we cancel out the deficit or run a surplus. Then RBI doesn't need to dance too much to defend INR. In fact they don't have to do anything in that case. Now inflation will be under control. GoI can easily borrow lot of money from the market and invest in critical infrastructure. Now all the FDI and remittances we get are massive infusion of cash into our economy which doesn't get cancelled out since we are not running a deficit. That is how Chinese are able to print money and invest vast amounts on infrastructure whether needed or not. They run massive surpluses and they can defend their currency anytime.

And this will have an effect on GoI revenue as long as they are investing borrowed money into productive sectors.

 

[Concard]

Ya'll Nibbiars The Tai is lost case. And Remittances is around 100 billion dollars and FDI also around 100 billion dollars lead by karnataka, Maharashtra, Tamil Nadu and Gujarats, Haryana.

How? She didn't start well with her first budget. However she has corrected her course and seem to be doing well. What else she should have done?

 

[Concard]

India’s Gross Domestic Product (GDP) can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry (CII).

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report - The Hindu

No nation right now has such opportunity .

Manufacturing, manufacturing, manufacturing....that is the only way we can grow our GDP. We can't grow our GDP by services alone.

 

[Butter Chicken]

Ya'll Nibbiars The M3M will soon go Brankcrupt many hidden skeleton found in the accounts.

Our real estate sector hit peak during 2008 mega bull run and went bust after the crisis....it's similar to IT crash of 2000

IT took almost 20 years to recover,Real estate recovery is still pending.
It's good time to invest during current bear market if you have a very long term view

 

[Haldilal]

Shubh shubh bol bille

Ya'll Nibbiars Tofu makers are going to go Brankcrupt in noida how's thats.

 

[Haldilal]

Our real estate sector hit peak during 2008 mega bull run and went bust after the crisis....it's similar to IT crash of 2000

IT took almost 20 years to recover,Real estate recovery is still pending.
It's good time to invest during current bear market if you have a very long term view

Ya'll Nibbiars Commercial premises are good in that case. But yeah need deep pockets for that's. But the price correction is still due.

 

[fire starter]

 

[R1TTER]

Urbanisation is what drives growth rural areas are too spread out and not accessible all the countries which are prosperous today are urbanized

That's an old and dated theory - uncontrolled and unplanned urbanization is the biggest driver of pollution, deaths, poverty and arguably the biggest myth that without it you can't develop! We have more than enough urban clusters in India that we don't really need to expand inwards, btw urbanization≠industrialization and I'm mostly against the former.

That's your personal opinion, but private cars are here to stay.

As EVs become mainstream in the coming decade, pollution will become a moot point.

Anyways both Japan and China have excellent and highly dense expressway network (along with good railways), so what exactly is your point?

You didn't address the T-rex in the room - pollution, traffic congestion, black money et al - all fueling and feeding into the miasma of uncontrolled and unplanned urbanization. What are the millions of empty flats or homes across the country for?

 

[Haldilal]

That's an old and dated theory - uncontrolled and unplanned urbanization is the biggest driver of pollution, deaths, poverty and arguably the biggest myth that without it you can't develop! We have more than enough urban clusters in India that we don't really need to expand inwards, btw urbanization≠industrialization and I'm mostly against the former.
You didn't address the T-rex in the room - pollution, traffic congestion, black money et al - all fueling and feeding into the miasma of uncontrolled and unplanned urbanization. What are the millions of empty flats or homes across the country for?

Ya'll Nibbiars France is not as urgent as other European countries but still an Industrials Hubs.

 

[R1TTER]

The largest contributors to export growth in this time are consumer electronics like mobile phones, which are mostly assembled in India - this is exactly how China rose to the top with the help of US based MNC's setting up sweatshops in China. The slight difference being that here instead of US brands the biggest beneficiaries are the Chinese.

 

[Haldilal]

Ya'll Nibbiars France is not as urgent as other European countries but still an Industrials Hubs.

Ya'll Nibbiars

*urban.

 

[The Saffron Knight]

It is because of the deficit we run finance ministry has to thread carefully with respect to spending. For example let's say we cancel out the deficit or run a surplus. Then RBI doesn't need to dance too much to defend INR. In fact they don't have to do anything in that case. Now inflation will be under control. GoI can easily borrow lot of money from the market and invest in critical infrastructure. Now all the FDI and remittances we get are massive infusion of cash into our economy which doesn't get cancelled out since we are not running a deficit. That is how Chinese are able to print money and invest vast amounts on infrastructure whether needed or not. They run massive surpluses and they can defend their currency anytime.

And this will have an effect on GoI revenue as long as they are investing borrowed money into productive sectors.

Your mixing up Trade Deficit of India with the Fiscal deficit of GoI. Though there is a complex relation between the two, both are not directly proportional. As you can see from the charts.

Current Account Deficit

Fiscal Deficit

Yes the government will greatly benefit from a trade surplus which would result in a net inflow of wealth. But government borrowing mainly depends on the outstanding interest payments & the debt to gdp ratio which the government feels comfortable to maintain.

Now considering government debt financing, of both external debt & internal debt. The external debt is only a fraction of the total debt of GoI.

If you see the charts the government external borrowing doesn't depend on the current account deficit but is proportional to the GDP of India.

The government has tried to maintain External Debt to GDP ratio at around 20% for the last 2 decades.
Even though the Forex to GDP ratio has improved considerably.

So a trade surplus with not lead to a sudden borrowing spree for the GoI. The borrowing will increase with the increase in GDP.

 

[Haldilal]

Ya'll Nibbiars The Forsters + Partners for a South Asian client probably Mumbai but can't be sure may be The Imperial Tower but the two wings here are attached here. So can't say for sure it's all speculatives as of now.

And when I shown this to @FalconSlayers Nibba said it's a Third Class design made be our fellow members is a better architect than even Sir Nirman Fosters.



The Imperial Tower looks 4 and 5. 81 floors 350 meters.

 

[Blademaster]

I'd be fine with underpasses but skywalks is a no go, we've had so many incidents with our Selfie hungry crowds that at least for the sake of their parents, or children, we should avoid having them win the Darwin award.

Problem with underpasses is that they are prone to flooding. India does not have good drainage systems. Without a proper drainage system underpasses are deathtraps waiting to happen during the monsoon season.

 

[assassin162]

Firaands, can someone break down the $190 billion services imports by various sectors so that we can understand what exactly we import and why and how Indian companies cam fill that gap?

 

[thebakofbakchod]

These people especially dumeels act like Guj doesnt have one of the lowest debt to GDP ratio in the country