Indian Economy: News and Discussion

[Tejbrahmastra]

India grants highest ever number of patents at 41,010 so far in FY24 - Piyush Goyal.

 

[SKC]

Ya'll Nibbiars The BharatPe co-founder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi International Airport last night on the basis of a LoC issued against the two. The LoC has been opened on the request of the EoW, Delhi.

He is a fraud and will be get busted soon.
He made 100s of fake companies and swatted lakhs and crores from BharatPe.

 

[ezsasa]

Won't inaugurate important infra projects just because they can't do their photo ops

got curious and checked again..

this metro construction was supposed to start in 2011, and end in 2014. yet the mid-day journalist made sure talking point is about supposed delay in inauguration date in 2023.

Navi Mumbai to get 1st Metro line today after 9 year delay

Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Azaad]

 

[Shuturmurg]

Electronics continue to be on steroids.

However, textiles yet to pick up (okay, I understand that the GoI focusing on textiles is a very recent phenomenon but still.......)



Even solar panels and APIs seem to be doing fine. What's wrong with textiles?

Spoiler: Source

1. Easier market access for Bangladesh (part of least developed countries till 2026) and Vietnam (has free trade agreement with everyone).

2. Protectionism -
a) There is high import duty for textile machinery. Still companies not setting up textile machinery manufacturing units in India. So, textile makers have to import with tariff.
b) Also, Vietnam and Bangladesh don't have much cotton production, hence import at best price. India has to protect cotton farmers, in some quality of cotton India is not cheapest producer, so to protect farmers India implements import tariff to protect farmer . This increases cost of finished product.

3. Labor laws - Bangladesh bans unions in foreign owned companies for first few years. Vietnam also has simpler labor laws than India.

China also faces issue 1, but China dominates high end specialized textiles (all N95 masks, medical clothes, etc). Those high end specialized clothes are not as price sensitive and take lot of investment to setup factory, hence India is providing PLI for those.

 

[Suryavanshi]

Lads what about the central India problem?

 

[Shuturmurg]

View attachment 229423

Lads what about the central India problem?

What is this map ?

 

[Suryavanshi]

What is this map ?

Take a guess

 

[Shuturmurg]

Take a guess

Outside of UP and Bihar its mostly tribal areas, infested with naxalism in past.

 

[Suryavanshi]

Take a guess

These are the regions who have no scope of Industrialisation and urbanization or even agriculture revolution in the next 30 years.

Rajasthan problem will be solved with DFC and the same for UP, Bihar.
What about Central India?
Far away from coast, no major rivers, no population centers.

 

[Shuturmurg]

These are the regions who have no scope of Industrialisation and urbanization or even agriculture revolution in the next 30 years.

Rajasthan problem will be solved with DFC and the same for UP, Bihar.
What about Central India?
Far away from coast, no major rivers, no population centers.

Also terai regions are worst (up and bihar dist. bordering nepal).Most dark red districts are there. Remember those districts are much more densely populated (hence much higher population), then couple of dark red tribal districts in Odisha and central India.

 

[Lonewolf]

Naah mate, there will never be mass recruitment of Mechanical engineers.

The problem is multifaceted. Beginning with the fact that mechanical engineering itself is a very antiquated course with little relevance to modern industries. So, unless it is remolded into mechatronics, robotics, or integrated with AI, there is no future in it.
Sadly the mechanicals engineering taught in the class is today is the same 60's era syllabus.

Secondly, We do not have many manufacturing or engineering companies in the country. The ones that are present hire very few.Most companies have no more 10-20k employees of which only about 10% are graduate engineers.

Quite the opposite, as a student of mechanical and how we see industry first hand, you are just a armchair general with too much disappointment towards everything

 

[ezsasa]

These are the regions who have no scope of Industrialisation and urbanization or even agriculture revolution in the next 30 years.

Rajasthan problem will be solved with DFC and the same for UP, Bihar.
What about Central India?
Far away from coast, no major rivers, no population centers.

some districts seem to have improved since, as per niti

2015-16

2019-21

Fastest Absolute Reduction in MPI (State-wise) Bihar, the state with the highest MPI value in NFHS-4 (2015-16), saw the fastest reduction in MPI value in absolute terms with the proportion of multidimensional poor reducing from 51.89% to 33.76% in 2019-21. The next fastest reduction in the MPI value was seen in Madhya Pradesh and Uttar Pradesh. The proportion of multidimensional poor in Madhya Pradesh and Uttar Pradesh in NFHS-5 (2019-21) are 20.63% and 22.93% respectively. In terms of number of MPI poor, Uttar Pradesh topped the list with 3.43 crore people escaping multidimensional poverty in the last five years, followed by Bihar (2.25 crore) and Madhya Pradesh (1.36 crore).

https://niti.gov.in/sites/default/files/2023-07/National-Multidimentional-Poverty-Index-2023-Final-17th-July.pdf

 

[Arjun Mk1A]

View attachment 229423

Lads what about the central India problem?

Well for each states there are some cities with Historical significance.

For Andra region marked in Red.
1. We have Kurnool, Kadapa, Anantapur (KIA Motors). This region may come under Bengaluru-Hyderabad belt. So ideally investment may tick off in future.

2. For MH -- Betting on Nagpur, Nanded(Maybe). To drag the area to some sense of developement.

3. TG - (Northern parts are a concern). But state population is just 4 crore and Hyderabad alone have 50% of them. Their next growth center should be Warangal.

4. CG - God bless the CG people.

5. Odisha - Part Forest region. Maybe the upcoming Raichur - Vizag e-way will spur some development as Naveen Patnaik is on investment spree.

6. MP - Jabalpur is the major city in that red marked region. Need to establish industries there. Also that region have a poor connection with respect to Rail or Road.

 

[Arjun Mk1A]

This particular region is lagging compared to other parts.

If UP government able to develop industries in Lucknow, Kanpur, Prayagraj, Varanasi, Gorakhpur. Major opportunities.

Bihar -- Nithish is dragging to the depths of Hell. People started to adjust to the Lawlessness and they themselves engaing there.

 

[Suryavanshi]

Well for each states there are some cities with Historical significance.

For Andra region marked in Red.
1. We have Kurnool, Kadapa, Anantapur (KIA Motors). This region may come under Bengaluru-Hyderabad belt. So ideally investment may tick off in future.

2. For MH -- Betting on Nagpur, Nanded(Maybe). To drag the area to some sense of developement.

3. TG - (Northern parts are a concern). But state population is just 4 crore and Hyderabad alone have 50% of them. Their next growth center should be Warangal.

4. CG - God bless the CG people.

5. Odisha - Part Forest region. Maybe the upcoming Raichur - Vizag e-way will spur some development as Naveen Patnaik is on investment spree.

6. MP - Jabalpur is the major city in that red marked region. Need to establish industries there. Also that region have a poor connection with respect to Rail or Road.

We need a Chengdu like miracle in Eastern Madhya Pradesh.

 

[Arjun Mk1A]

We need a Chengdu like miracle in Eastern Madhya Pradesh.

Yup. Jabalpur already have history with respect to Armored vehicles. Also there was a long demand for setting maintenance for Tanks in the VFJ, since they are doing the most idiotic thing one can think. Assembling the AL Stallion.

Maybe Truck & Earth Movers manufacturing. Connect the Jabalpur with Gujarat ports for transportation of finished products.

 

[ListenLittleMan]

India Derailed: A Falling Investment Rate and Deindustrialisation

Falling investment rates and declining manufacturing growth rates have marked the Indian GDP growth reversal since the mid-2010s. These structural defects have not yet been addressed. The current optimism can be realised only with a public investment push that would crowd in private investment.

www.theindiaforum.in

Pretty pessimistic outlook of the economy , I always had the thought that the Jan dhan yojana got in good savings into the economy, thus increasing the Public Savings amount that could be channeled into good investments that are import replacements, but looking at the author's takes it is not the case

It is mainly the service sectors pulling us ahead while Manufacturing is struggling and its share declining in each year, with such large trade deficit each year, I don't see us going far in decades to come

It will just be a cha cha cha , 2 steps forward , 2 steps backward

What is your take ?

 

[Haldilal]

Ya'll Nibbiars The Tanshiq Dallas, peoples waiting for hours, lol.

 

[mamamia12]

Quite the opposite, as a student of mechanical and how we see industry first hand, you are just a armchair general with too much disappointment towards everything

Yeah, we have to start first with heavy industries one that doesn't require too much skilled labor with degrees. The point is we are missing many industries that employ the huge swatch of semi-skilled labor in agriculture and the daily wage earners like shipbuilding, mining, material processing etc. Babus just have to copy china, how it started industry. When you provide these semi skilled labor with steady income, then their next generation can hop on the advanced industries like mechatronics, robotics and related jhumla.