Indian Economy: News and Discussion

[Shuturmurg]

Our govt. has been making mistake of chasing away Chinese investments, specially in manufacturing. They are actually market leaders in some field like battery.

 

[HariPrasad-1]

Abe, we're only 8 months into FY24. GDP cannot suddenly cross $4T with 4 more months to go. FY24 Q1 nominal GDP was around 70 lakh crore (~875B$), Q2 GDP cannot suddenly be 3.125T$.

Go to Wikipedia and read the definition of GDP at least 10 times. Also, look up what "fiscal year" is.

Then follow your own rule and keep quiet.

Educate yourself and keep quite till you acquire some reasonable knowledge to discuss. The news which are published in in news paper are not fools. The figures mentioned are TTM figures.

 

[Suryavanshi]

Har bat gali galoch pe kyo Utar ati he yaha par?

 

[NutCracker]

Educate yourself and keep quite till you acquire some reasonable knowledge to discuss. The news which are published in in news paper are not fools. The figures mentioned are TTM figures.

Only a fool will blindly believe newspaper without asking for proper proof which contains the combined data of quarterly GDP released by GOI.

If it's future FY estimations then let it be that way instead of claiming that 4T mark has been achieved .

 

[Haldilal]

Ya'll Nibbiars From Widower to the an Innoviate Enterprenuer. The story of the Ardeshir Godrej who is credited for many first like High quality Locks, Strongest Safes in India and the First Vegetable based Soap's and the core of the Swadeshi Movements. One of our Relative has a refrigerator which is still wirking after 60 years.

 

[Physx32]

Educate yourself and keep quite till you acquire some reasonable knowledge to discuss. The news which are published in in news paper are not fools. The figures mentioned are TTM figures.

This is the first time I've heard that GDP figures are ttm. What's the source for your claim? No where in your quoted article is it mentioned that they're using ttm figures.

Even if I accept the figures are ttm, basic calculation (and comprehension) tells that GDP cannot be $4T. Using 1 quarter from this year and 3 from FY23, it's impossible to get to $4T.

 

[NutCracker]

'Everyone's jumping on a screenshot': No, India is not a $4 trillion economy yet

Economists say it may reach the milestone by FY25

www.businesstoday.in

“A $ 4 trillion economy does not seem likely in the current situation. It would translate into nominal GDP of about Rs 330 lakh crore, which may be possible with a 10 per cent growth in 2024-25,” said Madan Sabnavis, chief economist, Bank of Baroda.

 

[Atavistic]

I've been living in Bangalore since last 2 yrs i can confirm the supremacy of B'lore in IT and Tech. Skilled manpower of this city is unmatched even in Asia. Though i've hopes from Mumbai to replace B'lore with recent infra upgrades , this isn't happening anytime sooner. No hopes from Pune to create more employment in IT. All thanks to foolish politicians and ignorance of the GoM.

 

[Suryavanshi]

I've been living in Bangalore since last 2 yrs i can confirm the supremacy of B'lore in IT and Tech. Though i've hopes from Mumbai to replace B'lore with recent infra upgrades this isn't happening anytime sooner. No hopes from Pune due to foolish politicians and ignorance of the GoM.

View attachment 229852

Pune is more so of an alternative to Kolkata.
Most development projects which were earlier given to kolkata are now going to pune.
Although hard-core project still remain in Bangalore.

Pune fucked up a bit with their corruption and city planning, the city could have looked even more beautiful.

Pune new IT hub are located at the corner of the city where there isn't much of a lifestyle and amenities.

 

[Lonewolf]

'Everyone's jumping on a screenshot': No, India is not a $4 trillion economy yet

Economists say it may reach the milestone by FY25

www.businesstoday.in

“A $ 4 trillion economy does not seem likely in the current situation. It would translate into nominal GDP of about Rs 330 lakh crore, which may be possible with a 10 per cent growth in 2024-25,” said Madan Sabnavis, chief economist, Bank of Baroda.

It's a basic compound interest problem error, he is thinking if GDP growth rate is 7 percent every quarter, hence he calculated it as 3.3 to 4.2 t, and you get the following results

 

[NutCracker]

It's a basic compound interest problem error, he is thinking if GDP growth rate is 7 percent every quarter, hence he calculated it as 3.3 to 4.2 t, and you get the following results

Just one more week and we would get official data about Q2 -FY23-24. We will touch 3.7T by March-24 , and if everything went normal we will overtak Japan and Germany in the same FY-24-25.

 

[Atavistic]

Pune is more so of an alternative to Kolkata.
Most development projects which were earlier given to kolkata are now going to pune.
Although hard-core project still remain in Bangalore.

Pune fucked up a bit with their corruption and city planning, the city could have looked even more beautiful.

Pune new IT hub are located at the corner of the city where there isn't much of a lifestyle and amenities.

Corruption is normal in dumbocracy. Problem is lack of vision in the GoM.

 

[RoaringTigerHiddenDragon]

I agree with that the West did use this investment route to certain extent.
But our argument here is: did US tried to boost China's economy through their investment in HK?
My answer is NO because:
1. US's accumulated investment in HK by 1995 was too small to make a big difference;
2. The HK's investment in China in 1980s and 1990s were mainly small and middle size factories, basically they just re-located their own factories into in-land China, not something need big money support;
3. Those western money was invested in Hongkong to push their investments in China, but trying to chase the profit of Hongkong share market after those Hongkong companies gained huge profit from Mainland China.

The history was: the West really started their investment in China after 2000. Why? Because, On November 15, 1999, the United States and China finally signed a landmark agreement on China's accession to the WTO.

In other words, the western companies smell the money!

This is just your opinion. You have zero data to back up your claims. The fact that China significantly grew post admission to WTO (would not have happened without the west) and with significant exports to west backed by FDI from west/western allies is undeniable. Simply cannot rewrite history. It is what it is.

 

[rithwik123]

Ya'll Nibbiars LOL, Wipro Selling offices at Bengaluru and Hyderabad and Investing at Kolkata.

View attachment 229758

Wipro is considering relocating to a new location to take advantage of tax benefits offered in newer developments, such as the recently constructed campuses on Sarjapur Road in Bangalore (50 acres) and Gopannapally in Hyderabad (100 acres). The company may not be able to reap the same benefits from its existing campuses in Electronic City, Bangalore, and Gachibowli, Hyderabad, as the tax holiday window for those locations is closing. While the land value in these older campus locations is quite high, approaching 100 crore per acre, Wipro is willing to relocate within the city to secure tax benefits and potentially capitalize on the sale of the land

 

[Krishnarjun]

Pune is more so of an alternative to Kolkata.
Most development projects which were earlier given to kolkata are now going to pune.
Although hard-core project still remain in Bangalore.

Pune fucked up a bit with their corruption and city planning, the city could have looked even more beautiful.

Pune new IT hub are located at the corner of the city where there isn't much of a lifestyle and amenities.

Pune lacked political backing unlike Mumbai, Bengaluru, Chennai & Hyderabad since ages. Kalmadi, Pawar although brought projects like sports complex & Hinjawadi IT park, did nothing to back it with supporting infra. City is paying for personal ambitions of such politicians with no focus on actually developing the city. Fadnavis showed promise by speeding metro work, getting all clearances in one place for a greenfield airport but that has also dragged on for some years now.

Just imagine how good it will be for Pune, with sustained support to infra development & proper marketing to the scale of Bengaluru or Hyderabad...

 

[Suryavanshi]

Pune lacked political backing unlike Mumbai, Bengaluru, Chennai & Hyderabad since ages. Kalmadi, Pawar although brought projects like sports complex & Hinjawadi IT park, did nothing to back it with supporting infra. City is paying for personal ambitions of such politicians with no focus on actually developing the city. Fadnavis showed promise by speeding metro work, getting all clearances in one place for a greenfield airport but that has also dragged on for some years now.

Just imagine how good it will be for Pune, with sustained support to infra development & proper marketing to the scale of Bengaluru or Hyderabad...

Next is Nagpur Nashik and AURIC.
Better not fuck up this time

 

[Jimih]

This is new

 

[Haldilal]

Next is Nagpur Nashik and AURIC.
Better not fuck up this time

Ya'll Nibbiars Atleats the Kolhapur is not messed up like the other this time.

 

[Suryavanshi]

Ya'll Nibbiars Atleats the Kolhapur is not messed up like the other this time.

What sort of development project taking place in Kolhapur?

 

[Haldilal]

Ya'll Nibbiars

The

FDI FACTSHEET FOR Q2 FY2023-24

Top 10 States in FDI.

1 . MAHARASHTRA - 65,502 Crore Rupees.

2 . Delhi - 25,583 Crore Rupees.

3 . Karnataka - 23,460 Crore Rupees.

4 . Gujarat - 18,884 Crore Rupees.

5 . Tamil Nadu - 11,116 Crore Rupees.

6 . Telangana - 9,679 Crore Rupees.

7 . Haryana - 8,029 Crore Rupees.

8 . Rajasthan - 1,435 Crore Rupees.

9 . West Bengal - 685 Crore Rupees.

10 . Jharkhand - 78 Crore Rupees.

Total Statewise FDI Equity Flow
Oct 2019 - Sep 2023
1. MAHARASHTRA - $62Bn (30%)
2. Karnataka - $47Bn (23%)
3. Gujarat - $34Bn (16%)
Delhi - $28Bn (13%)
Tamil Nadu - $9.8Bn (4%)
Haryana - $8.8Bn (4.2%)
Telangana - $5.6Bn (2.8%)
Jharkhand - $2.6Bn (1.2%)