Indian Economy: News and Discussion

[IndianHawk]

240 billion USD for water for all at home.

https://newsonair.com/2023/03/24/india-committed-240-bn-investment-in-water-sector-says-jal-shakti-minister/

 

[thebakofbakchod]

What is the percentage of budget currently being spent on debt/bond payments ??

Even China in its history never spent more than 2% of its GDP on transportstion infra.

View attachment 197638
View attachment 197637

You are wrong. They are and have consistently been spending 6+% of GDP on transport infrastructure.

^ this includes all infrastructure including non-transport ones such as communication.

Infrastructure investment and growth in China: A quantitative assessment

During the period 2003–2016, China’s infrastructure investment as a share of GDP outpaced, by a large margin, the average GDP share of entire governme…

www.sciencedirect.com

For just transport related spending, it was around 6% in 2019

Inland transport infrastructure investment share of GDP remains stable in OECD

Investment in inland transport infrastructure as a percentage of the GDP remained stable at 0.7% in the OECD during 2019.China continued to have the highest inland transport infrastructure investment share of GDP in 2019 (5.5%) and was among the fastest-growing countries in terms of volume of...

www.itf-oecd.org

 

[thebakofbakchod]

Modified PLI, export incentives in works for small & medium units

The idea is to significantly enhance the number of medium enterprises in the country, which currently constitutes a miniscule 0.01% of the total MSMEs in India, a senior government official told ET. He said the NITI Aayog is firming up a policy framework in this regard. The policy could cover...

economictimes.indiatimes.com

View attachment 197765
The government could roll out a modified production-linked incentive scheme along with incentives for exports and employment generation for medium enterprises. The move is aimed at incentivising small units in the MSME category to scale up operations to move into the medium category and generate more employment while integrating them with the global value chain.

The idea is to significantly enhance the number of medium enterprises in the country, which currently constitutes a miniscule 0.01% of the total MSMEs in India, a senior government official told ET.

He said the NITI Aayog is firming up a policy framework in this regard. The policy could cover medium units from sectors including engineering, electrical, chemical and pharmaceuticals.

"The government is of the view that the existing MSME policy needs a bit of alignment including a different form of production-linked incentive scheme and direct incentives for certain sectors to help units expand and move into the medium category," the official added.

The draft policy is expected to be firmed up soon, following which the Aayog will seek views of the stakeholders before finalising it.

The government had in March 2020 rolled out the first three PLI schemes for electronic and technology products, pharma, and telecom and networking products, which was later expanded taking the total number to 14.

"If India wants employment generation, we have to incentivise medium-sized enterprises to expand, either through a dedicated PLI scheme for them or other incentives," said Anil Bharadwaj, secretary general at Federation of Indian Micro and Small & Medium Enterprises, adding that current PLI scheme is targeted at capital incentive manufacturing, which is more automated.

MSMEs are the key to india's industrialisation. For whatever reason, Indian MSMEs are unable to scale up production or meet stringent quality control and costs that Chinese and Western ones are able to. If you go onto Amazon, Shopee, E-bay etc, 90% of products there are basically Chinese products sold under different names, by a 1000 different small scale manufacturers. There are no reason as to why Indian manufacturers cant flood these platforms with goods at least in sectors such as textiles and light engineering goods

 

[sameer3694]

MSMEs are the key to india's industrialisation. For whatever reason, Indian MSMEs are unable to scale up production or meet stringent quality control and costs that Chinese and Western ones are able to. If you go onto Amazon, Shopee, E-bay etc, 90% of products there are basically Chinese products sold under different names, by a 1000 different small scale manufacturers. There are no reason as to why Indian manufacturers cant flood these platforms with goods at least in sectors such as textiles and light engineering goods

Back in early 2000's, lot of American companies cooperated with Chinese MSME's and got them up to global standards.

Something similar needs to be done for India too. Some initial hand holding is necessary. Many of them don't know or are unaware of industry best practices.

Walmart and Amazon have some programs

Develop, Connect, Grow: An Entrepreneur’s Journey With Walmart Vriddhi

In growth, we often find progress. But the two aren’t always synonyms. They’re connected by a dotted line, along which we find other things: hard work, perseverance, opportunity, connection.As Walmart continues to grow as the world’s leading omnichannel retailer, it’s focusing on that dotted line,…

corporate.walmart.com

Walmart Vriddhi Unlocks Digital Platform To Train MSMEs | Entrepreneur

The platform will employ an end-to-end program of interactive virtual training, personalized consultation, and ecosystem support to equip Panipat MSMEs for online and offline growth

www.entrepreneur.com

But for MSME's to succeed, a lot more systemic reforms are also necessary especially in bureaucracy.

 

[Haldilal]

Ya'll Nibbiars Indigo They are everywhere.

 

[Haldilal]

Ya'll Nibbiars The Mumbai Air India is set to sell the carrier’s iconic building in Nariman Point for 600 crore rupees. The AIAHL, Offer by the GOM has been accepted, and the process is on within the GOI. to clear the sale. The final approval will come from the ministerial group.

 

[Crazywithmath]

You are wrong. They are and have consistently been spending 6+% of GDP on transport infrastructure.

View attachment 197787

^ this includes all infrastructure including non-transport ones such as communication.

Infrastructure investment and growth in China: A quantitative assessment

During the period 2003–2016, China’s infrastructure investment as a share of GDP outpaced, by a large margin, the average GDP share of entire governme…

www.sciencedirect.com

For just transport related spending, it was around 6% in 2019

Inland transport infrastructure investment share of GDP remains stable in OECD

Investment in inland transport infrastructure as a percentage of the GDP remained stable at 0.7% in the OECD during 2019.China continued to have the highest inland transport infrastructure investment share of GDP in 2019 (5.5%) and was among the fastest-growing countries in terms of volume of...

www.itf-oecd.org

Where exactly does it say that cheenis underwent a net public expenditure (on transport infra) of more than 2% though? I could only see the infrastructure investment as a % of reported GDP; you and @NutCracker are comparing two different indicators.

 

[IndianHawk]

Apple Inc supplier Pegatron in talks to open second India factory -sources

Apple Inc's Taiwanese supplier Pegatron Corp is in talks to open a second India factory, said two sources with direct knowledge of the matter, as the U.S. tech giant's partners continue to diversify production away from China.

www.reuters.com

More manufacturing for apple.

 

[FalconSlayers]

 

[Abbey]

 

[fooLIam]

What about battery tech and manufacturing. Is there any progress in that front?.

 

[Haldilal]

Ya'll Nibbiars

Mumbai Makeover: BMC Plans To Redevelop Malvani Slums On The Model Of Dharavi Redevelopment Project

The redevelopment of the region will follow the Dharavi project model and with the completion of the Versova-Madh bridge, accessibility of the region with the rest of the city is also envisaged.

swarajyamag.com

 

[Butter Chicken]

Japan’s Daikin Industries aims to make India its biggest manufacturing hub for exports, as the world’s largest air-conditioning company targets a near tripling of Made in India products sent abroad by 2025.

 

[Haldilal]

Ya'll Nibbiars

 

[Concard]

Japan’s Daikin Industries aims to make India its biggest manufacturing hub for exports, as the world’s largest air-conditioning company targets a near tripling of Made in India products sent abroad by 2025.

This factory is in Rajasthan. Since they have localized the supply chain and with labor costs cheap they can scale way bigger than it already is. Not to mention Western dedicated freight corridor is already operational and it will provide access to Mundra port in Gujarat for the products to be shipped.

 

[Haldilal]

Ya'll Nibbiars

 

[Haldilal]

Ya'll Nibbiars The HCCBL may bring Gold spot back.

 

[another_armchair]

Reason why PPP figures matter more

Valuation figures are garbage.

Kidhar se kuch bhi chaap diya hai launda.

 

[karn]

Valuation figures are garbage.

Kidhar se kuch bhi chaap diya hai launda.

Yep Xfinity valuation 240 Billion . Jio valuation 58 billion.
But his point still stands.

 

[another_armchair]

Yep Xfinity valuation 240 Billion . Jio valuation 58 billion.
But his point still stands.

@FalconSlayers was absolutely correct about his PPP assertion. I don't know why he deleted his post though.

The tweet was fine till the valuation part. How did Uttkarsh arrive at a valuation of $1.9 billion for Jio?