Indian Economy: News and Discussion

[Optimus]

first i thought you lived in india but you are a foreigner no need to promote sub nationalism here

 

[Haldilal]

People in Delhi are stealing solar panels , cctv cameras , Statues , Wires , Batteries and other stuffs from expressways which worths much more than this 52 years old dilapidated bridge
I saw a report from where locals in Delhi broke the barricades of eastern peripheral expressway to make it accessible from anywhere they turned an expressway into a normal highway

Eastern Peripheral Expressway in UP Falls Prey to Thieves Days After Inauguration; Solar Panels, Lights And More go Missing | 📝 LatestLY

Thefts of solar panels, batteries, iron and under-lights etc have surfaced in the past few weeks. According to sources, the value of stolen goods is estimated to be millions of rupees. However, the officials of the National Highways Authority of India (NHAI) are taking a serious note of this...

www.latestly.com

Ya'll Nibbiars It's already reported before many times on this threads.

 

[Optimus]

Hal-l&t Wins Over 824-cr Contract For Making 5 Pslvs | India News - Times of India

India News: Manufacture of polar space launch vehicles (PSLVs) — which was the preserve of premier agency Isro for nearly three decades — has been awarded to an

timesofindia.indiatimes.com

 

[thebakofbakchod]

 

[sauntheninja]

Sorry port extend nai kar sakte ecology hurt hoga

 

[Butter Chicken]

India's banana and baby corn to be exported to Canada

India's banana and baby corn to be exported to Canada

The negotiations between National Plant Protection Organisations of India and Canada on market access for Indian banana and baby corn resulted in Canadian market access for these commodities

www.livemint.com

 

[Covfefe]

PM Sukanya Samridhi Yojana returns. Those of you with girl child can plan this

 

[FalconSlayers]

Next in line after Sri Lanka and Pakistan

Nepal bans import of luxury items as foreign exchange reserves decline

High imports of petroleum products, vehicles and luxury items putting foreign exchange reserve under stress: Finance Minister

www.thehindu.com

Also India’s external debt has risen to $615 bn and forex reserves declined to $606.5 bn. India is also heading in that direction but as of now is much safer but government must take this issue of trade deficit seriously. PLI scheme won’t do anything if local value addition is not promoted.

India's forex reserves slump by $11.17 bn to $606.47 bn; steepest fall ever

This is the fourth consecutive week of decline in the country's forex reserves

www.livemint.com

 

[THESIS THORON]

Next in line after Sri Lanka and Pakistan

Nepal bans import of luxury items as foreign exchange reserves decline

High imports of petroleum products, vehicles and luxury items putting foreign exchange reserve under stress: Finance Minister

www.thehindu.com

Also India’s external debt has risen to $615 bn and forex reserves declined to $606.5 bn. India is also heading in that direction but as of now is much safer but government must take this issue of trade deficit seriously. PLI scheme won’t do anything if local value addition is not promoted.

India's forex reserves slump by $11.17 bn to $606.47 bn; steepest fall ever

This is the fourth consecutive week of decline in the country's forex reserves

www.livemint.com

View attachment 150236

2.5-3 bil is gone to srilanka

 

[FalconSlayers]

2.5-3 bil is gone to srilanka

I know that, but still we need to make sure that our forex reserves remain much higher than external debt. High debt is not an issue, but high debt-to-GDP ratio is a problem. It was around 15% 2 years back now its more than 20% if I’m not wrong which is why this covid and Russia-Ukraine war induced problems must be taken care of in the long run. As our forex reserves themselves have significant debt element.

Also it was expected

India's forex reserves to face $256 billion overseas debt challenge in next 12 months

External debt worth $256 billion matures over the next 12 months, according to the September data released by the finance ministry. This is about 43 per cent of the September external debt outstanding at $596 billion.

m.economictimes.com

But we should achieve trade surplus if not in Merchandise then atleast in Merch + Services.

 

[karn]

I know that, but still we need to make sure that our forex reserves remain much higher than external debt. High debt is not an issue, but high debt-to-GDP ratio is a problem. It was around 15% 2 years back now its more than 20% if I’m not wrong which is why this covid and Russia-Ukraine war induced problems must be taken care of in the long run. As our forex reserves themselves have significant debt element.

Also it was expected

India's forex reserves to face $256 billion overseas debt challenge in next 12 months

External debt worth $256 billion matures over the next 12 months, according to the September data released by the finance ministry. This is about 43 per cent of the September external debt outstanding at $596 billion.

m.economictimes.com

But we should achieve trade surplus if not in Merchandise then atleast in Merch + Services.

Not with high crude and LNG prices.

 

[FalconSlayers]

We might see an upward revision of GDP when final figures for FY2021-22 are released. It is ₹236.44 Trillion as per 2nd revised estimates fyi. I guess more than ₹240 Trillion in FY2021-22.

 

[FalconSlayers]

Sorry port extend nai kar sakte ecology hurt hoga

 

[karn]

We might see an upward revision of GDP when final figures for FY2021-22 are released. It is ₹236.44 Trillion as per 2nd revised estimates fyi. I guess more than ₹240 Trillion in FY2021-22.

5Lakh Cr extra .. CAn be used to reduce borrowings or we get a new Aircraft Carrier

 

[gajapati]

Prime Minister Narendra Modi calls for building 75 lakes in each district to mark 75 years of Independence .

 

[Covfefe]

5Lakh Cr extra .. CAn be used to reduce borrowings or we get a new Aircraft Carrier

65-70 billion dollars ka kaun sa Aircraft carrier lega Bhai tu, Bangladesh wala?

 

[karn]

65-70 billion dollars ka kaun sa Aircraft carrier lega Bhai tu, Bangladesh wala?

Sri Lanka Better.

 

[Covfefe]

Sri Lanka Better.

Would rather make the lives of Indian better. Sri Lanka related issues can be dealt with at much cheaper costs

 

[karn]

Would rather make the lives of Indian better. Sri Lanka related issues can be dealt with at much cheaper costs

The thing is you are not getting is that this is a joke .. We will pay higher MSP in the end,

 

[Crazywithmath]

We might see an upward revision of GDP when final figures for FY2021-22 are released. It is ₹236.44 Trillion as per 2nd revised estimates fyi. I guess more than ₹240 Trillion in FY2021-22.

Very much possible. Already told na, RBI estimates are conservative ........