Indian Economy: News and Discussion

[omaebakabaka]

In this vein the Central government job is to bring investment into the country (Just a side note that FDI is actually failing) Majority of the investments are in the services sector mainly IT and hospitality and because of the Government spending infrastructure. Now all these investments along with the minimal investments in manufacturing that we are getting seem to be getting concentrated in regions which already have these industries TN, MH , GJ and Karnataka along with the Delhi NCR region. The rest of India seems to be happy sending their labor to these states for working in these industries and meanwhile they give freebies to the remaining populations mainly women and students who because of the lack of actual industries just endlessly study for government jobs and do side jobs in the side like mentioned above in the thread.

thats generally how it is, certain parts develop more than others as they have inherited some advantages like coast, large populations, power centers, location vantage and so on. USA coasts are like that and Chicago area but rest is flyover country as per their description. Services industry is necessary and vital, nothing wrong with it but they need to formalize and create some tax base around that industry. Nothing hospital about hospitality in India. Also not every person is simply capable of going through modern education and making a career out of it....this is a dumb expectation and has no basis.

 

[ezsasa]

In this vein the Central government job is to bring investment into the country (Just a side note that FDI is actually failing) Majority of the investments are in the services sector mainly IT and hospitality and because of the Government spending infrastructure. Now all these investments along with the minimal investments in manufacturing that we are getting seem to be getting concentrated in regions which already have these industries TN, MH , GJ and Karnataka along with the Delhi NCR region. The rest of India seems to be happy sending their labor to these states for working in these industries and meanwhile they give freebies to the remaining populations mainly women and students who because of the lack of actual industries just endlessly study for government jobs and do side jobs in the side like mentioned above in the thread.

FDI is not the only part of the investment equation, there is GFCF too to find out how much capital investment is happening.
this fiscal's GFCF is estimated to be 88 lakh crore.

​

(Base Year : 2011-12) Current Prices​
(Amount in ₹ Crore)​
Items/Year​	2016-17​	2017-18​	2018-19​	2019-20​	2020-21​	2021-22​	2022-23​
1​	2​	3​	4​	5​	6​	7​	8​
Private Final Consumption Expenditure	9126533​	10036153​	11205296​	12245357​	12150103​	14344336​	16494733​
Government Final Consumption Expenditure	1586658​	1840119​	2045552​	2211933​	2302794​	2625361​	2819205​
Gross Fixed Capital Formation	4338671​	4815600​	5568422​	5720386​	5403739​	6786391​	7943199​
Changes in Stocks	138083​	237581​	318234​	135231​	26357​	163438​	181754​
Valuables	167326​	241685​	226104​	194800​	271464​	379112​	330994​
Exports of Goods and Services	2948772​	3211521​	3766294​	3752188​	3709237​	5049645​	6207309​
Import of Goods and Services	3220591​	3751389​	4477169​	4270232​	3787294​	5669023​	7203213​
Discrepancies	306216​	458773​	246934​	113930​	-246474​	-208247​	466730​
Gross Domestic Product	15391669​	17090042​	18899668​	20103593​	19829927​	23471012​	27240712​

often it is pointed out that FDI has fallen in some year, but hardly anyone mentions that more than 630 billion $ has come in in the form of FDI in past decade.

another point that is deemed understood w.r.t FDI, hence not often mentioned is that which ever FDI comes in exclusively for capex, it's GDP clock starts ticking once company/asset starts producing goods or services, there by direct and indirect jobs

2014	36.05
2015	45.15
2016	55.56
2017	60.22
2018	60.97
2019	62
2020	74.39
2021	81.97
2022	84.84
2023	70.97
	632.12

 

[nongaddarliberal]

Not Indian economy, but potentially relevant to us. Something seems to be cooking, for real this time. Nuclear fusion and AI combined. It means they're fairly confident about fusion some time in the near future, and who knows what sort of AI they have in the background, what level of higher function it has. Microsoft willing to shell out 100 billion (!!!) on AI while simultaneously signing agreements for fusion has major breakthrough vibes.

 

[Marliii]

Hand spectrometers to students rather than subsidies to chip makers: Raghuram Rajan

While the former central bank governor clarified that it is not that India should never make chips, "but with every nation trying to pursue the same, it would be a "ruinous race" to get into now."

www.moneycontrol.com

The great retard has spoken

 

[Tejbrahmastra]

 

[ezsasa]

this is a symptom of a structural issue, structural issue across the board in other engineering domains as well. folks just need to look around our own houses, how many of the manufactured items in our own houses have indigenous design origin, outside of the kitchen there will be very few.

but we also don't know whether 30 years is good enough to have such expectations a norm rather than exceptions. whether current market system is capable of taking a gamble of investing core tech without knowing how many of them will give returns/success, over and above projects that GoI keeps investing in.

there are many unanswered questions.

Time has come for Indian software giants to start doing a gap analysis on “capital goods” of software industry I.e software that makes other software.

application application bahut khel liya, time to move on to next stage.

 

[LondonParisTokyo]

My understanding of how the average Indian thinks is just copy/paste and then modify. To build something from the ground up is unthinkable. Begging others for "ToT" is a far better use of your time than to put the hours in from the ground up. Why?

 

[omaebakabaka]

My understanding of how the average Indian thinks is just copy/paste and then modify. To build something from the ground up is unthinkable. Begging others for "ToT" is a far better use of your time than to put the hours in from the ground up. Why?

Centuries of being under the boot of foreigners and then the converted ccucks think they are real foreigners.....its the same in anything. Easy way out is to not resist and settle for useless worth. Just like cucks, India IT is worthless for most part. Our education style lacks basic grasp of concepts that are essential in AI/ML and also its better to be original than follow a costly invention like GPT but pick a different way to create value. GPT did the unthinkable and created a threat to google and like, orignial ideas will think differently than follow GPT like deal.

 

[jai jaganath]

A company shamelessly imports from China and attaches sticker of boat or at most assembles the kit recieved from China have audacity to compare with Apple

Kya kya din dekhne padh rahe hai

 

[slayingheaven]

A company shamelessly imports from China and attaches sticker of boat or at most assembles the kit recieved from China have audacity to compare with Apple

Kya kya din dekhne padh rahe hai

Its one thing to keep mum if one is impotent to r&d and risk because money may be more important than patriotism. But its outright disgusting to morally blackmail Indians using "patriotism" and profiting off that. Basically socialize the r&d investment expecting from gobermint but capitalize the profits.

 

[LondonParisTokyo]

Centuries of being under the boot of foreigners and then the converted ccucks think they are real foreigners.....its the same in anything. Easy way out is to not resist and settle for useless worth. Just like cucks, India IT is worthless for most part. Our education style lacks basic grasp of concepts that are essential in AI/ML and also its better to be original than follow a costly invention like GPT but pick a different way to create value. GPT did the unthinkable and created a threat to google and like, orignial ideas will think differently than follow GPT like deal.

I wonder if this is a cheap excuse. I see many western people watching Indian lecturers on Youtube. I see many, incredibly large number of intelligent Indian-American (although much older) boasting about the high quality lectures they had at their IITs and whatnot when they were young. They are now innovators here. What happened? India has the capacity to teach people to think, so, what's going on?

 

[omaebakabaka]

I wonder if this is a cheap excuse. I see many western people watching Indian lecturers on Youtube. I see many, incredibly large number of intelligent Indian-American (although much older) boasting about the high quality lectures they had at their IITs and whatnot when they were young. They are now innovators here. What happened? India has the capacity to teach people to think, so, what's going on?

Nothing cheap about it, it is the only explanation. Potential is reality only when you believe in it and act on it. What innovators? They are able to innovate because the system to innovate is already created....west robs the world to innovate, algebra, calculus and everythng else was sourced from outside western lands. Not to mention ayurveda but all these are generally before Indian cuckold timeline and they were developed in India independently from any other centers in world. IITs are nothing special from my personal experience.....innovators in general come along when power center around them supports that system, same with arts. They flourish under good empires and system.

India when it becomes bharatified will see the potential become reality again, until then so so.....

 

[ezsasa]

Nothing cheap about it, it is the only explanation. Potential is reality only when you believe in it and act on it. What innovators? They are able to innovate because the system to innovate is already created....west robs the world to innovate, algebra, calculus and everythng else was sourced from outside western lands. Not to mention ayurveda but all these are generally before Indian cuckold timeline and they were developed in India independently from any other centers in world. IITs are nothing special from my personal experience.....innovators in general come along when power center around them supports that system, same with arts. They flourish under good empires and system.

India when it becomes bharatified will see the potential become reality again, until then so so.....

yup, adding a few more to "bharatified".

continuing with the theme i had mentioned earlier on symptoms of structural issue.

there are many things that are yet to happen at fundamental level, for moneybags to invest in innovation.

1) inculcating a habit in industry verticals of near-accurate calculation of potential demand in consumption verticals, idea being potential demand might drive moneybags to invest in innovation verticals eyeing potential revenues. academics and innovators will also have an opportunity to plan their careers and lives accordingly.

2) develop academic literature on homegrown business and process efficiency models. even today most of our manufacturing plants take pride being Japanese efficiency model certified.

3) develop institutional mechanisms for periodic domestic consumer feedback, idea being that gyanis will be able to figure out gaps or new areas of consumption.

4) discourse on innovation has to evolve beyond where it is right now, evolve beyond being premised on controversies and fault finding. since potential-demand recognition --> innovation --> prototype realisation --> product manufacturing happens atleast over a period of a decade, the country needs to find own ways to explain the whole process as a continuum while factoring in that there will be more failures than successes. to use cricket analogy, ball to ball hype or disappointment should not be primary driver of discourse.

these are on market side, gormint strategic side are a different ball game.

 

[Haldilal]

Ya'll Nibbiars

1 . Balmer Lawrie and Company Ltd to invest 230 Crore Rupees to set up a Free Trade Logistics and Warehouse zone at JNPT in Navi Mumbai, Maharashtra. The FTWZ will be spread over 15 acres, co has acquired the land at the SEZ within the port area.

2 .

Kotak Mahindra Bank acquires Sonata Finance for Rs 537 crore

Sonata Finance becomes a wholly-owned subsidiary of the Kotak Mahindra Bank as the bank acquired 100% stake in the company for Rs. 537 crore.

www.moneycontrol.com

4 .

Hyundai aims to make the former GM-owned Talegaon plant to be among ‘world’s best’, adopts new steps to raise efficiency - ET Auto

Hyundai Manufacturing Plant: The combined annual installed production capacity of the Chennai and Talegaon plants of Hyundai India is 9.54 lakh units. With new approaches Hyundai will enhance it to a million units. Some of the practices, and new approaches adopted in its Chennai plant will come...

auto.economictimes.indiatimes.com

5 .

L&T’s Tech Avatar

How India’s largest engineering company is shedding the baggage of construction to reinvent as a tech-enabled firm.

www.fortuneindia.com

6 .

Kalpataru Projects International, arms bag orders worth Rs 2,071 crore

The new orders include orders in the Transmission & Distribution (T&D) business in overseas markets, the statement said.

www.moneycontrol.com

7 .

Here's a look at where top banks leased and bought real estate space

Here's a look at where top banks leased and bought real estate space

www.hindustantimes.com

8 .

Exclusive: GM close to India exit as 99% of union workers accept VRS settlement | Autocar Professional

Exclusive: GM close to India exit as 99% of union workers accept VRS settlement

www.autocarpro.in

9 .

Exclusive: Tata Technologies to enter into joint venture with BMW Group | Autocar Professional

Exclusive: Tata Technologies to enter into joint venture with BMW Group

www.autocarpro.in

10 .

https://www.apnnews.com/sbi-general-insurance-company-ltd-inaugurates-its-new-regional-office-in-bkc-mumbai/?amp=1

11 .

https://www.business-standard.com/markets/capital-market-news/genesys-international-wins-rs-35-cr-order-for-pune-s-3d-digital-twin-city-124040101040_1.html

 

[Haldilal]

Ya'll Nibbiars The Firangis flocking to the Indian Bond Markets.

 

[Tejbrahmastra]

 

[Tejbrahmastra]

 

[srevster]

Is Mexico Better Than The USA?!

Is Mexico Better Than The USA?!The Matt Kohrs ShowSponsors & Affiliates⇒ Goonie Discord (FREE Month w/ Code GOONIE): https://bit.ly/GoonieDiscord⇒ Public Tra...

youtube.com

 

[angryIndian]

Is Mexico Better Than The USA?!

Is Mexico Better Than The USA?!The Matt Kohrs ShowSponsors & Affiliates⇒ Goonie Discord (FREE Month w/ Code GOONIE): https://bit.ly/GoonieDiscord⇒ Public Tra...

youtube.com

Wrong thread but I'll answer it anyways

Mexico is a highly volatile country with at least 40,000+ people "officially" killed in the drug war to date. The actual figure could be at least 10 times high ie 400,000. On top of that 60,000 people are missing.
This is a high-level conflict that is at par with major insurgencies happening across the world.

A friend of my friend was killed in a gang war.Her name was Anjali Ryot who was working for LinkedIn and was also a travel vlogger

So no, living in Mexico is not better than living in the US.

 

[srevster]

Wrong thread but I'll answer it anyways

Mexico is a highly volatile country with at least 40,000+ people "officially" killed in the drug war to date. The actual figure could be at least 10 times high ie 400,000. On top of that 60,000 people are missing.
This is a high-level conflict that is at par with major insurgencies happening across the world.

A friend of my friend was killed in a gang war.Her name was Anjali Ryot who was working for LinkedIn and was also a travel vlogger

So no, living in Mexico is not better than living in the US.

The context of the post is whether you keep any savings at the end of the month. $3500 salary in USA leads to $0 savings at the end of the month. $600 salary in Mexico has more savings than someone earning $3500 in USA. This is true.