Indian Economy: News and Discussion

[FalconSlayers]

But won't such a sharp increase in value affect our export competitiveness? I'm sure a lot of our IT companies and manufacturers won't like it.

It will be a global phenomenon if it ever happens, i.e. Euro, GBP, Yen, Yuan and all other major currencies will also appreciate. But it remains an "if" right now.

Apple’s India bet pays off, both the Delhi and Mumbai stores earn Rs 25 crore in revenue per month according to reports.

They're opening 3 new additional stores in India I'm hearing.

 

[Haldilal]

Apple’s India bet pays off, both the Delhi and Mumbai stores earn Rs 25 crore in revenue per month according to reports.

Ya'll Nibbiars and still the RSOUL will make less of what would had made by leasing to the other firms, where else they have leased space to other stores at 400 rupees per Sq. Ft. Plus 3 percent of the total revenue. But in the case of the Apple Store 200 rupees per Sq. Ft. and 2 percent of the revenue. And plus the Clause of no competatior at the premises. Despite the high sales.

That's why many like the Phoenix Mills rejected the leasing to the Apple. AFAIK the Phoenix Mills demanded 700 rupees per Sq. Ft. Plus 4 percent of the revenue and no Clause on the competatior and the talks never went beyond that. But the Jain are happy to lease the space to the upcoming Apple Store at the Atria, Worli.

 

[FalconSlayers]

 

[Blademaster]

Ha ha ha ha!!!! For comparison's sake, Pakistan's exports were $23B for a population of 260 million people while Tamil Nadu exported twice of Pakistan and only has a population of 84 million people.

Edit: I look forward to the day where the smallest state of India (population wise) beats Pakistan in all economic indicators such as GDP, exports, per capita, HDI, etc.

 

[AK047]

If I am not wrong this is the fifth company to set up a gigafactory in India after Ola electric, Reliance, Amara Raja, Exide.

 

[Haldilal]

Ya'll Nibbiars

 

[ezsasa]

ACU established in 1974.
=====
The Asian Clearing Union (ACU) agreed in a summit in Iran to launch a cross-border financial messaging system to rival the US-controlled SWIFT payment network

Members include:
-Bangladesh
-Bhutan
-India
-Maldives
-Nepal
-Pakistan
-Sri Lanka
-Myanmar
-Iran

Asian Clearing Union - Wikipedia

en.wikipedia.org

 

[TopWatcher]

It will be a global phenomenon if it ever happens, i.e. Euro, GBP, Yen, Yuan and all other major currencies will also appreciate. But it remains an "if" right now.

They're opening 3 new additional stores in India I'm hearing.

How much contribution of made in India apple devices??

 

[karn]

ACU established in 1974.
=====
The Asian Clearing Union (ACU) agreed in a summit in Iran to launch a cross-border financial messaging system to rival the US-controlled SWIFT payment network

Members include:
-Bangladesh
-Bhutan
-India
-Maldives
-Nepal
-Pakistan
-Sri Lanka
-Myanmar
-Iran

Asian Clearing Union - Wikipedia

en.wikipedia.org

Wait ..... No Cheen ? IAS nigaas better start acting on this,

 

[thebakofbakchod]

The reason why service sector keeps growing is precisely because the dirty indian government hands havent touched it yet. No idiotic rules, no woke Scandinavian labour laws, no need to grease 100 babus and low iq individuals to ship the exports, since it is digital, no trade unions and any sign of unionism getting ruthlessly crushed etc. If industry barriers were eased and corruption reduced, the goods sector could have also seen similar growth.

 

[skunk works]

Man I love Gujjus for a reason!

Secret image from inside finance ministry that day:

 

[thebakofbakchod]

Tata Group to set up Rs 13,000 crore lithium-ion cell manufacturing unit in Gujarat

Tata's to spend ₹13,000 crore to set up lithium battery plant in Gujarat

Tata Group to invest ₹13,000 crore in setting up a lithium-ion cell manufacturing factory in Gujarat. The plant will have an initial capacity of 20 GWh.

www.livemint.com

 

[Azaad]

Well , that's that . We don't want to host one head of state & we'd rather avoid hosting the other head of state given the pending STATE VISITS to western capitals.

 

[skunk works]

Well , that's that . We don't want to host one head of state & we'd rather avoid hosting the other head of state given the pending STATE VISITS to western capitals.

Reciprocal to G20 boycott?

 

[Azaad]

Reciprocal to G20 boycott?

Difficult to say. China KSA , Indonesia & Turkey boycotted the event. This assumes Russia participated.

 

[Shuturmurg]

Difficult to say. China KSA , Indonesia & Turkey boycotted the event. This assumes Russia participated.

Indonesia actually attended I think.

 

[FalconSlayers]

Exports have stagnated

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1924221#:~:text=SERVICES%20TRADE-,The%20estimated%20value%20of%20services%20export%20for%20April%202023*%20is,14.06%20Billion%20in%20April%202022

 

[Suryavanshi]

The reason why service sector keeps growing is precisely because the dirty indian government hands havent touched it yet. No idiotic rules, no woke Scandinavian labour laws, no need to grease 100 babus and low iq individuals to ship the exports, since it is digital, no trade unions and any sign of unionism getting ruthlessly crushed etc. If industry barriers were eased and corruption reduced, the goods sector could have also seen similar growth.

Pottery
Gormint rots anything it touches

 

[FalconSlayers]

Edit: wtf is that sad emoji for?

 

[ezsasa]

Pottery
Gormint rots anything it touches

how does current startup and digital payments ecosystem fit into this statement?