Indian Economy: News and Discussion

[Tejbrahmastra]

 

[sauntheninja]

Not sure where he sources his data from

 

[Shuturmurg]

What is the source? This guy is a cringy BJP PR guy, won't trust him with shit.

 

[jai jaganath]

 

[The Juggernaut]

Greatest day of Indian economy, we will reach next milestone soon. (4 trillion by the end of the financial year)

 

[jai jaganath]

What is the source? This guy is a cringy BJP PR guy, won't trust him with shit.

Some YouTube channel
I don't know whats the source
Definitely not imf or wb

 

[MSM]

What is the source? This guy is a cringy BJP PR guy, won't trust him with shit.

Same figure is showing in the Wikipedia. It is quoting IMF.

List of countries by GDP (nominal) - Wikipedia

en.wikipedia.org

 

[FalconSlayers]

How the fck is this possible when we're yet to officially touch this year's $3.7 trillion target?
Did the sarkar do rebasing or some shit?

India's GDP crosses $4 trillion for the first time, ranks fourth worldwide

This is the first time the country has reached the milestone and marks a significant step towards its $5 trillion economy goal.

www.livemint.com

 

[sauntheninja]

How the fck is this possible when we're yet to officially touch this year's $3.7 trillion target?
Did the sarkar do rebasing or some shit?

India's GDP crosses $4 trillion for the first time, ranks fourth worldwide

This is the first time the country has reached the milestone and marks a significant step towards its $5 trillion economy goal.

www.livemint.com

Each one of them quoting a YouTuber data lol. State of our media

 

[sauntheninja]

World class infra

 

[DingDong]

How the fck is this possible when we're yet to officially touch this year's $3.7 trillion target?
Did the sarkar do rebasing or some shit?

India's GDP crosses $4 trillion for the first time, ranks fourth worldwide

This is the first time the country has reached the milestone and marks a significant step towards its $5 trillion economy goal.

www.livemint.com

May be we have and the official data is yet to be released. We were expected to cross this landmark in the current financial year, weren't we?

 

[FalconSlayers]

May be we have and the official data is yet to be released. We were expected to cross this landmark in the current financial year, weren't we?

Nope this is just a fckup from IT Cell and cabinet ministers.

 

[Shuturmurg]

Each one of them quoting a YouTuber data lol. State of our media

Chutiyas were reporting that new ChatGpt CEO is Indian, because her name is Mira Murati (that's an Albanian name and she is Albanian).

 

[FalconSlayers]

How the fck is this possible when we're yet to officially touch this year's $3.7 trillion target?
Did the sarkar do rebasing or some shit?

India's GDP crosses $4 trillion for the first time, ranks fourth worldwide

This is the first time the country has reached the milestone and marks a significant step towards its $5 trillion economy goal.

www.livemint.com

Thankfully our stupid media have started to delete that fake news. Mint has removed (That link no longer works) and Hindustan times have also deleted their article.

 

[mist_consecutive]

Entire BJP leadership and IT cell is chimping out a lie

Truth:

India will be a $4 trillion economy in 2024-25: PHD Chamber

Indian economy has emerged as the fastest-growing among leading economies, showcasing remarkable resilience and recovery, says PHDCCI

economictimes.indiatimes.com

Lmao:

https://twitter.com/search?q=%22%244%20Trillion%22&src=trend_click&vertical=trends

View attachment 229536View attachment 229537





I would love to be proven wrong (which is not going to happen) but this is cringe af behaviour from them.

from IMF for last month.
We were 3.73 a month or 2 back.

Not sure about whether we touched 4 but politics is al about cringe.
the more cringe, the better.

View attachment 229539

Thankfully our stupid media have started to delete that fake news. Mint has removed (That link no longer works) and Hindustan times have also deleted their article.

I can't confirm the news but how are you folks exactly denying the news?

First of all, we crossed 3.75 Trillion $ in June

India's GDP is now $3.75 trillion, says FinMin

The key development indicator has reached $3.75 trillion in 2023, up from around $2 trillion in 2014

www.businesstoday.in

Unless our finance minister is also lying. From June to Nov, ~5-6 months. Our estimated GDP growth rate is ~6-7% per quarter. Doing basic maths, we get in 5-6 months it should be somewhere between 4.1 Trillion.

India's Q2 GDP growth seen at 6.7% on strong services play

Robust manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%. The economy grew 7.8% in the April-June quarter and 6.2% in the July-September quarter last fiscal.

economictimes.indiatimes.com

IMF graph. Not sure when the last data was updated. But ideally, we should be in the 4 Trillion dollar mark in 2024.

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Not an economics expert, just applied common sense.

 

[mist_consecutive]

Also Reminder: Festive season is the biggest GDP booster quarter for India.

India's October auto sales rise 12.5% on month; Navratri sees record-breaking sales

In October, year-on-year auto sales in India declined by 8% due to the Shraddh period in the first half of the month. However, the Federation of Automobile Dealers Association (FADA) pointed out that this decline should not be a cause for concern, as sales increased by 13% from the previous...

economictimes.indiatimes.com

 

[thebakofbakchod]

I can't confirm the news but how are you folks exactly denying the news?

First of all, we crossed 3.75 Trillion $ in June

India's GDP is now $3.75 trillion, says FinMin

The key development indicator has reached $3.75 trillion in 2023, up from around $2 trillion in 2014

www.businesstoday.in

Unless our finance minister is also lying. From June to Nov, ~5-6 months. Our estimated GDP growth rate is ~6-7% per quarter. Doing basic maths, we get in 5-6 months it should be somewhere between 4.1 Trillion.

India's Q2 GDP growth seen at 6.7% on strong services play

Robust manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%. The economy grew 7.8% in the April-June quarter and 6.2% in the July-September quarter last fiscal.

economictimes.indiatimes.com

View attachment 229549

IMF graph. Not sure when the last data was updated. But ideally, we should be in the 4 Trillion dollar mark in 2024.

-------------------------------------------------------------

Not an economics expert, just applied common sense.

Maybe but all the news articles are based on that dumb youtube video. The absolute state of indian media. Plus even $3.7 trillion is unlikely due to WPI deflation

 

[sameer3694]

I can't confirm the news but how are you folks exactly denying the news?

First of all, we crossed 3.75 Trillion $ in June

India's GDP is now $3.75 trillion, says FinMin

The key development indicator has reached $3.75 trillion in 2023, up from around $2 trillion in 2014

www.businesstoday.in

Unless our finance minister is also lying. From June to Nov, ~5-6 months. Our estimated GDP growth rate is ~6-7% per quarter. Doing basic maths, we get in 5-6 months it should be somewhere between 4.1 Trillion.

India's Q2 GDP growth seen at 6.7% on strong services play

Robust manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%. The economy grew 7.8% in the April-June quarter and 6.2% in the July-September quarter last fiscal.

economictimes.indiatimes.com

View attachment 229549

IMF graph. Not sure when the last data was updated. But ideally, we should be in the 4 Trillion dollar mark in 2024.

-------------------------------------------------------------

Not an economics expert, just applied common sense.

https://pib.gov.in/PressReleseDetailm.aspx?PRID=1928682

The nominal GDP at March 2023 was around 272.41 lakh crores. Let's assume 6.5% growth and 5% inflation(11.5% total growth)for 2023-2024. So India's gdp in March 2024 would be around 313.2 lakh crores. The current value of the rupee is around 83.29, though this may further depreciate by 2024.

Dividing 313.2/83.2 gives around $3.76T, which will be the GDP in dollar terms in March 2024. So it's actually impossible to get to $4T right now, we're probably atleast 10 months away if my math is right.

 

[Lonewolf]

Chutiyas were reporting that new ChatGpt CEO is Indian, because her name is Mira Murati (that's an Albanian name and she is Albanian).

Murati to murty, that was a proof of dumb people running office at news companies

 

[FalconSlayers]

I can't confirm the news but how are you folks exactly denying the news?

First of all, we crossed 3.75 Trillion $ in June

India's GDP is now $3.75 trillion, says FinMin

The key development indicator has reached $3.75 trillion in 2023, up from around $2 trillion in 2014

www.businesstoday.in

Unless our finance minister is also lying. From June to Nov, ~5-6 months. Our estimated GDP growth rate is ~6-7% per quarter. Doing basic maths, we get in 5-6 months it should be somewhere between 4.1 Trillion.

India's Q2 GDP growth seen at 6.7% on strong services play

Robust manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%. The economy grew 7.8% in the April-June quarter and 6.2% in the July-September quarter last fiscal.

economictimes.indiatimes.com

View attachment 229549

IMF graph. Not sure when the last data was updated. But ideally, we should be in the 4 Trillion dollar mark in 2024.

-------------------------------------------------------------

Not an economics expert, just applied common sense.

Nirmala ji also had the same "today" moment back then, that's why her office apparently deleted their own tweet with the $3.75 trillion GDP claim.

India is a $3.38 trillion GDP as of 2022, this year we're supposed to be $3.73 trillion as per IMF projection, but Q1 GDP data and WPI deflation will make it difficult to cross $3.6 trillion as well.

https://pib.gov.in/PressReleseDetailm.aspx?PRID=1928682

The nominal GDP at March 2023 was around 272.41 lakh crores. Let's assume 6.5% growth and 5% inflation(11.5% total growth)for 2023-2024. So India's gdp in March 2024 would be around 313.2 lakh crores. The current value of the rupee is around 83.29, though this may further depreciate by 2024.

Dividing 313.2/83.2 gives around $3.76T, which will be the GDP in dollar terms in March 2024. So it's actually impossible to get to $4T right now, we're probably atleast 10 months away if my math is right.

"Assume" doesn't work, Q1 nominal growth was only 0.2% higher than real growth, not 5%. Due to WPI deflation.