Indian Economy: News and Discussion

HitmanBlood

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GST has become a law. Scumbags in Supreme court cannot squash the law. They can only interpret the law not change it or make new ones. Those bastards in Supreme court, their days are numbered. These bastards think they are not accountable to the people of India and think they are law onto themselves.
You can not achive economic prosperity without first dealing with basic issues. The basic issue that is dragging economic growth in India is hardcore leftist mindset prevailing in all institutions. Unless we rid our institutions from leftist bias all hardwork will go to dustbin.
 

IndianSpiderman

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GST has become a law. Scumbags in Supreme court cannot squash the law. They can only interpret the law not change it or make new ones. Those bastards in Supreme court, their days are numbered. These bastards think they are not accountable to the people of India and think they are law onto themselves.
From what i understand, Chandrachud has decreed that states are free to levy GST rates as they please, essentially killing GST. I don't see how this won't open a Pandora's box. Uddhav, Stalin and Mamata won't waste a minute in jumping on this opportunity.

 

Shuturmurg

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@India Super Power
this video shows insane bridges built by china at insane speed Imagine anyone proposing such infrastructure projects in india he/she would be called autistic just like narendra modi was called autistic and laughed at when he said its possible to make toilets in India
There as 2 kind of people who are sceptical of infra projects :
1. Who want to see proper economic feasibility study before getting excited - these are great people.
2. Those who say we cannot build infra because there are so many poor people and we need to give free electricity, free bus rides, free fertilizer, free tv, free tirth yatra, free, free, free - These people are scum.

As far as china is concerned, we cannot follow their model of infra building. Their massive debt fuelled construction boom was not based on economic decision but on political decision to make sure unemployment is low (high unemployment is problematic for dictatorships, there is lot of political science research done on what causes biggest issues for autocratic rule, top 2 are food price inflation and unemployment, that's why china's hoarding so much food as well).

To give you a sense of the scale, China currently has 6.5 crore empty homes (enough to house 20 crore people), and their population is officially decreasing, and they are still constructing houses. On top of that real estate is 15% of chinese gdp, in case of India its 6% (remember this 15% is pure real estate, plus there are allied sectors like steel , cement on top of that). That's why economists say Chinese GDP is inflated.
 

Blademaster

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Just as GST collection was starting to consistently look good, Milards have leant a death blow to the GST itself. And there's nothing that can be done about it. One nation one tax is done for after yesterday's judgement. Years of painstaking work put in to make it possible undone by one clown in a black gown.


Brace for the return of interstate duties and octroi checkposts. These justices seem to reside in some sort of lala land, bereft of the simplest understanding of ground realities. Or they just don't care.

With the constant one step forward, two steps back situation that prevails in this country, hoping for it to ever be prosperous is futile.
How can one SC judge overrule a GoI decision? Does it not need to be decided by a bench?
 

thebakofbakchod

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One thing that is clear is that India absolutely needs a widespread devolution of power and clear duties to local governments to boost planned urbanisation. India must be the only country in the world where the cities have become even bigger shitholes regardless of economic growth. Other than a few roads and private townships, the conditions have hardly changed in the last 10 years. In Bangalore, most areas have gotten even worse in terms of road and footpath conditions



^ Can our cities look like this even in 2050? I sure dont have any hopes. And for the discussion above, building vertically like above or in NCR is the only way for india to grow. These apartments are much better than 40x30 unplanned plots and colonies dotting every city. At least this way you can allow the highest optimization of resources. Our city planners (if they exist) needs to allow western or chinese architects to plan out and then simply fund and build them. There is no shame in getting foreign consultants for such matters. Half the cities in China, Egypt, Middle east are entirely planned by consultants and architects like Aedas, Foster Partners, AECOM etc.
 

Crazywithmath

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GST has become a law. Scumbags in Supreme court cannot squash the law. They can only interpret the law not change it or make new ones. Those bastards in Supreme court, their days are numbered. These bastards think they are not accountable to the people of India and think they are law onto themselves.
Not defending milords but they have merely clarified what was always there in the bill.

 

FalconSlayers

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One thing that is clear is that India absolutely needs a widespread devolution of power and clear duties to local governments to boost planned urbanisation. India must be the only country in the world where the cities have become even bigger shitholes regardless of economic growth. Other than a few roads and private townships, the conditions have hardly changed in the last 10 years. In Bangalore, most areas have gotten even worse in terms of road and footpath conditions



^ Can our cities look like this even in 2050? I sure dont have any hopes. And for the discussion above, building vertically like above or in NCR is the only way for india to grow. These apartments are much better than 40x30 unplanned plots and colonies dotting every city. At least this way you can allow the highest optimization of resources. Our city planners (if they exist) needs to allow western or chinese architects to plan out and then simply fund and build them. There is no shame in getting foreign consultants for such matters. Half the cities in China, Egypt, Middle east are entirely planned by consultants and architects like Aedas, Foster Partners, AECOM etc.
More Navi Mumbais and Noidas are the way to go
 

thebakofbakchod

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More Navi Mumbais and Noidas are the way to go
Absolutely and surprise, these are one of the only 2 cities in India that are planned (at least on paper). They still fall very short of the Chinese and Korean cities i keep mentioning, especially the road (lane markings), sidewalks and signages, plus allowing slums/hawkers to infest areas and not clearing them. But the result is that they still look much more prosperous than the typical Indian city
 

ezsasa

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Over the past 5 years, the Euro has devalued by 6.4% against the dollar.
Over the same time period, the Rupee has devalued by 18% against the dollar.
The Pound has fluctuated a lot but overall has devalued only 3% against the dollar.

So yeah, it checks out that UK and France have been able to maintain their nominal GDP ranks against India due to the INR devaluing faster against the dollar. But we'll have to do additional calculations to see if that compensates for the growth difference.
even with the currency appreciation of EUR and GBP against $, do their GDP numbers match with their growth rates?
 

Lonewolf

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finally... this would be quite a game changer.. especially for domestic military scopes manufacturing..
Not just that only , it would be useful for medical devices , lab devices , camera and phone lenses including the already mentioned military lenses .

Basically if we get SONY onboard too we would be independent in this field
 

SKC

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One thing that is clear is that India absolutely needs a widespread devolution of power and clear duties to local governments to boost planned urbanisation. India must be the only country in the world where the cities have become even bigger shitholes regardless of economic growth. Other than a few roads and private townships, the conditions have hardly changed in the last 10 years. In Bangalore, most areas have gotten even worse in terms of road and footpath conditions



^ Can our cities look like this even in 2050? I sure dont have any hopes. And for the discussion above, building vertically like above or in NCR is the only way for india to grow. These apartments are much better than 40x30 unplanned plots and colonies dotting every city. At least this way you can allow the highest optimization of resources. Our city planners (if they exist) needs to allow western or chinese architects to plan out and then simply fund and build them. There is no shame in getting foreign consultants for such matters. Half the cities in China, Egypt, Middle east are entirely planned by consultants and architects like Aedas, Foster Partners, AECOM etc.
Any kind of infrastructure including building and road will look Sh*t only in India unless "We-The People" learn how to drive and maintain the infra.
Even if we start maintaining lane driving in Indian then most of the current roads only will start looking like foreign roads.
Stop Spitting here and there will again take the cleanliness to another level.
 

SKC

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Absolutely and surprise, these are one of the only 2 cities in India that are planned (at least on paper). They still fall very short of the Chinese and Korean cities i keep mentioning, especially the road (lane markings), sidewalks and signages, plus allowing slums/hawkers to infest areas and not clearing them. But the result is that they still look much more prosperous than the typical Indian city
These two cities are much much smaller than the large Chinese cities but still pack a punch.

We need to push people to start walking. Having lived there i found that most roads are only 1 lane for both side of traffic and rather have large footpath on both sides to allow people to walk freely.

But here in India the authorities will consume what is left of the footpath into new extra lane of the road.

We need to push people into public transport more. If you see movies about cities from west and south and east Asia, you will always see large no of people always walking around the cities.

Even in NY, most people will rather walk 2-3 blocks down the road than taking their own car or cab for going everywhere.
 

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