Indian Economy: News and Discussion

[ezsasa]

BREAKING: DGCA grants AOC to Jet Airways, airline to resume commercial flight operations soon (dnaindia.com)

Good News. Jet airways is going to restart their operations soon. Atleast one legacy player raised from the ashes.

is it true, revival of airlines after going bust almost never happens in any part of the world?

 

[Lonewolf]

is it true, revival of airlines after going bust almost never happens in any part of the world?

New owner ,old name ?? Using the brand's influence ??

 

[Arjun Mk1A]

is it true, revival of airlines after going bust almost never happens in any part of the world?

I was mentioning in the line of how US Government bailing out their big 3 automobile firms whenever they face problems. Air India and Jet airways are still big name. But revival of legacy airlines in some other countries, need to check.

 

[Arjun Mk1A]

New owner ,old name ?? Using the brand's influence ??

New owners have taken them.

Murari Lal Jalan and asset management firm Kalrock, which is part of the Fritsch Group, an investment group founded by serial real estate and tech entrepreneur Florian Fritsch

 

[Haldilal]

Ya'll Nibbiars The Tata Sons are in process of merging The Air India, Vistara, Air Asia India in to a single Air lines. The Merged Air lines would be head quarterds in Mumbai with two separate brands Air India and VLCC brands.

 

[Arjun Mk1A]

Ya'll Nibbiars The Tata Sons are in process of merging The Air India, Vistara, Air Asia India in to a single Air lines. The Merged Air lines would be head quarterds in Mumbai with two separate brands Air India and VLCC brands.

I heard in the line of merging Air Asia under Air India and leaving Vistara as a Individual brand.
On the end : They have Air India and Vistara. ( 2 Brands)

 

[nongaddarliberal]

even with the currency appreciation of EUR and GBP against $, do their GDP numbers match with their growth rates?

Since 2008 their GDP's have been fluctuating around 2.7-3 trillion USD, so it checks out with their low growth rates. But I'll have to look in further if their nominal GDP growth matches their real growth + inflation.

 

[gajapati]

You will only make bridges on such scale if there is any actual need for it.
China is building so many bridges where there is hardly any traffic and no there is not going to be increase in traffic in future. Many bridges made 1-2 decades earlier also are now empty most of the time.

Most of this stuff is vanity project being made as Infra Alone makes up about one-third of whole Chinese Economy. Indirectly it maybe affecting half of Chinese economy.

There is this strange relationship between china and usa . China keep buying debt of USA through which USA keep buying chinese export .. USA keep printing dollars .. China keep investing those money on unsustainable projects .. USA keep fighting war with those debt dollar money .. Similar kind of relationship between USA and Saudi .. And all of it combined destroying the climate and planet .

 

[Rxbanda]

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.

I don't think so.
Any recent action in that direction, or just venting off the anger??

 

[ezsasa]

Since 2008 their GDP's have been fluctuating around 2.7-3 trillion USD, so it checks out with their low growth rates. But I'll have to look in further if their nominal GDP growth matches their real growth + inflation.

maybe this will help for UK..

https://www.ons.gov.uk/economy/grossdomesticproductgdp/datasets/uksecondestimateofgdpdatatables

Year	GDP(market prices) in million pound sterling
2014/15	1935212
2015/16	2016638
2016/17	2097143
2017/18	2174380
2018/19	2255283
2019/20	2150381
2020/21	2317054

as per their own data, they don't seem to be anywhere near 3 trillion $.

or i am reading this wrong.

 

[thebakofbakchod]

India's heatwave to lift AC sales to record, but supplies from China delayed

Indian air conditioner manufacturers are expecting record sales this year as a heatwave scorches most of the country, an industry body told Reuters, but delayed arrivals of components from COVID-hit China may cause shortages of premium products.

www.reuters.com

These companies need to start building components here. Our AC industry only has around 20-30% value addition/localization. The rest are imported and assembled here. The central government needs to dump much more cheaper loans for manufacturers to build here

 

[ezsasa]

India's heatwave to lift AC sales to record, but supplies from China delayed

Indian air conditioner manufacturers are expecting record sales this year as a heatwave scorches most of the country, an industry body told Reuters, but delayed arrivals of components from COVID-hit China may cause shortages of premium products.

www.reuters.com

These companies need to start building components here. Our AC industry only has around 20-30% value addition/localization. The rest are imported and assembled here. The central government needs to dump much more cheaper loans for manufacturers to build here

The sooner we realise that not everything needs to be done by the govt the better, other wise it would be a useless wait for Mai baap to come and save the day

Pawan Goenka

Pawan Goenka — A quiet technocrat scaling up Indian manufacturing

Dr. Pawan Goenka is driving an unusual public-private partnership, informing and helping finetune policy changes.

www.thehindu.com

 

[Haldilal]

Ya'll Nibbiars The Tata New premium Hatchback that will seat above the Altrozs.

 

[Haldilal]

Ya'll Nibbiars The Tata Group companies have begun actively cutting exposure to international markets by exiting subscale businesses to reinvest capital and intensify their local focus, said top executives of the conglomerate. The companies have been mandated to retain businesses that are profitable and not a distraction to their main consumption market, India, with stricter capital allocation on scalable profitable businesses. Any strategic expansion plans outside India will be selective and made only if they meet the scalability or profitability criteria, And Any new capital will primarily be invested in India. That is clearly the strategic intents.

The Tata Consumer exited two US-based joint ventures last year, selling its stake to joint partner Harris Tea Company LLC. The company also divested its MAP Out-of-Home coffee business in Australia to Buccheri Group Pty Ltd, a boutique coffee manufacturer established in Australia in 2007 and led by Santo Buccheri and his family.

The There have been discussions earlier on scouting for buyers for the European businesses, but as of now the company is focussed on growing in India, The Tata Steel. The company also plans to sell its Thailand business as it looks to exit less profitable overseas units in the ongoing supercycle after earlier offloading its Singapore unit, NatSteel Holdings.

The Tata Power is looking to sell its stakes in joint ventures in South Africa and Zambia in order to cut its financial liabilities and focus on the domestic market. It's looking for buyers to divest its 50 percents stake each in wind energy company Cennergi in South Africa and Itezhi Tezhi Power Corp. ITPC in Zambia.

 

[thebakofbakchod]

The sooner we realise that not everything needs to be done by the govt the better, other wise it would be a useless wait for Mai baap to come and save the day

Pawan Goenka

Pawan Goenka — A quiet technocrat scaling up Indian manufacturing

Dr. Pawan Goenka is driving an unusual public-private partnership, informing and helping finetune policy changes.

www.thehindu.com

Private companies wont invest big in current conditions. It will always be cheaper to import from china. The govt absolutely needs to step in to create large industrial banks who give away cheap loans. The NIIF is a start but their proposed outlay is still pitiful. And new frameworks need to be created to severely punish borrowers who dont deliver what they sought out to in order to prevent NPAs from rising above the 10% mark. Current borrowing rates in India are still too high

 

[Haldilal]

Ya'll Nibbiars

Private companies wont invest big in current conditions. It will always be cheaper to import from china. The govt absolutely needs to step in to create large industrial banks who give away cheap loans. The NIIF is a start but their proposed outlay is still pitiful. And new frameworks need to be created to severely punish borrowers who dont deliver what they sought out to in order to prevent NPAs from rising above the 10% mark. Current borrowing rates in India are still too high

Ya'll Nibbiars When I talked about this every gone hostile. It's no use bak baking here.

 

[nongaddarliberal]

maybe this will help for UK..

https://www.ons.gov.uk/economy/grossdomesticproductgdp/datasets/uksecondestimateofgdpdatatables

Year	GDP(market prices) in million pound sterling
2014/15	1935212
2015/16	2016638
2016/17	2097143
2017/18	2174380
2018/19	2255283
2019/20	2150381
2020/21	2317054

as per their own data, they don't seem to be anywhere near 3 trillion $.

or i am reading this wrong.

Converting to USD, their 2020 GDP was 2.7 trillion from the above data. Looking at IMF data, In 2021 UK was 3.1 trillion and France was 2.9. This year, UK's at 3.3 and France remains at 2.9. So it all depends on if India actually achieves 3.5 trillion this year for us to overtake both. Otherwise we've only overtaken France.

 

[nongaddarliberal]

Ok, looking at IMF projections for UK, I don't know how they're landing up at those figures. They're projecting that UK's GDP will be 3.6 trillion in 2023 and 4.1 trillion by 2025. Again, this is almost India level nominal growth.

 

[Arjun Mk1A]

Ya'll Nibbiars The Tata New premium Hatchback that will seat above the Altrozs.

View attachment 156917

My dear cat it is a SUV called Curvv. It will sit above the Nexon EV max. Tata Motors international debut will occur via a new brand Avinya which will act as their luxury offerings.

 

[tsunami]