My road map to 10 Trillion USD+ economy in 10 years.

HariPrasad-1

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We should substitute timber with other modern synthetic materials just like EU countries. This will save environment and reduce our dependence on imported timber.
Rather, if we plant trees in big number, we will get timber as well and environment will also be protected. Any production of synthatic material will always damage the environment.
 

HariPrasad-1

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Mission hydrogen.

Government has taken some serious initiative to boost the hydrogen production and use it as a fuel in automobiles. Once we produce solar power in big amount, we can use its electricity to decompose water into hydrogen and oxygen and use the hydrogen as a fuel in vehicles which will solve the fuel issue as well as the pollution issue as the end product of hydrogen combustion is only water vapour. We can get unprecedented efficiency and run the vehicle 4 to 5 Times longer distance compared to traditional internal combustion engine as no combination is involved like IC engine. Mission hydrogen has the potential to overcome our energy crisis and it is said that running vehicles with hydrogen will be cheaper than running vehicles with electric power. It will have no range limitation.

In its last power purchase agreement, Gujarat government has got tariff of Rs 1.99 per unit for solar power. Same was Rs 12 and 13 per unit. This is actually a revolution in energy sector. This sort of cheap power availability combined with the highly efficient devices such as LED lamps and fuel efficient gadgets can reduce our energy need to a large extent. If we reduces our dependence on imported energy, it will result into trade surplus which will not only improve our economy but strengthen our currency and help us to reach 10 Tr USD by 2030.
 
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Blademaster

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Mission hydrogen.

Government has taken some serious initiative to boost the hydrogen production and use it as a fuel in automobiles. Once we produce solar power in big amount, we can use its electricity to decompose water into hydrogen and oxygen and use the hydrogen as a fuel in vehicles which will solve the fuel issue as well as the pollution issue as the end product of hydrogen combustion is only water vapour. We can get unprecedented efficiency and run the vehicle 4 to 5 Times longer distance compared to traditional internal combustion engine as no combination is involved like IC engine. Mission hydrogen has the potential to overcome our energy crisis and it is said that running vehicles with hydrogen will be cheaper than running vehicles with electric power. It will have no range limitation.

In its last power purchase agreement, Gujarat government has got tariff of Rs 1.99 per unit for solar power. Same was Rs 12 and 13 per unit. This is actually a revolution in energy sector. This sort of cheap power availability combined with the highly efficient devices such as LED lamps and fuel efficient gadgets can reduce our energy need to a large extent. If we reduces our dependence on imported energy, it will result into trade surplus which will not only improve our economy but strengthen our currency and help us to reach 10 Tr USD by 2030.
Okay.... as long as you figure out the storage problem. Remember liquid hydrogen make metal very brittle in a short span of time.
 

Blademaster

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In the same manner in which it is done in hydrogen cars.
No you are talking about fuel cells. Not the same thing. Otherwise you would have to replace the whole thing including the fuel cell in order to refuel. If that's the case, you might as well stick with batteries because it amounts to the same thing.
 

no smoking

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In the same manner in which it is done in hydrogen cars.
Considering the storage container will have hold thousands times more volume than the car, the pressure and temperature control bring in greater challenge to the container. No, you simply can't.
 

HariPrasad-1

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No you are talking about fuel cells. Not the same thing. Otherwise you would have to replace the whole thing including the fuel cell in order to refuel. If that's the case, you might as well stick with batteries because it amounts to the same thing.
Please elaborate and explain how it is used in hydrogen car.
 

Blademaster

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Please elaborate and explain how it is used in hydrogen car.
They use membrane technology to store hydrogen in the fuel cell. It can work as a storage but not when you are talking about transporting hydrogen from container to another container and you have to refuel multiple vehicles at once. Google hydrogen storage, transportation, and the costs involved. It's not so simple as you think.

Don't get me wrong. I like the technology but unless you find a way to reliably transport and store hydrogen cheaply on a mass scale, it will only remain as a niche segment of the fuel sector.
 

HariPrasad-1

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They use membrane technology to store hydrogen in the fuel cell. It can work as a storage but not when you are talking about transporting hydrogen from container to another container and you have to refuel multiple vehicles at once. Google hydrogen storage, transportation, and the costs involved. It's not so simple as you think.

Don't get me wrong. I like the technology but unless you find a way to reliably transport and store hydrogen cheaply on a mass scale, it will only remain as a niche segment of the fuel sector.

Now a days, even LNG is used as a fuel in trucks. It is stored in cryogenic tanks. My company operates many such vehicles.
 

HariPrasad-1

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Screenshot_20220925-084713_Chrome.jpg


Look at the graph of Ruble vs USD. Ruble was falling like anything. Putin changed the strategy. He made in mandetory to Ruble for Russin crude oil purchase and Rublr bouced back from 150 to 55 against USD. Now, India too has doing the same. Reslt should be visible in short period period.
 

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Ghanta $10 trillions. Even reaching $6.5 trillions in 2030 is going to be an achievement.
 

HariPrasad-1

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Ghanta $10 trillions. Even reaching $6.5 trillions in 2030 is going to be an achievement.
This is a road map which is certainly optimistic. Support your claim with calculations like I did if you want to contribute else it is a shit.
 

HariPrasad-1

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In my opinion' there are two turning points on economic front in modi era. First was budget 2017 where focus was shifted to rural economy. Second was incentive scheme. Mission hydrogen and massive investment in chip manufacturing will give a very big push to economy post 2024. Solar power, EV, Hydrogen and and chip manufacturing is going to change the face of Indian economy. We are growing at 8 pc without this 4 sectors ( solar investment is moderate and EV is in its childhood). Hydrogen and Chip has not yet begin. These sectors will reduce the cost of transportation and electricity by a big margin which will put a good amount of money in the hand of consumer to spend somewhere else. We are growing at 8 pc without it. We can add 2 morepc of GDP with it.
 

Hari Sud

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My road map to 10 Trillion USD+ economy in 10 years.


We are a 3 Tr USD economy in 2019-20. It took us almost 6 decades to become 1 Tr USD economy, another decade to add 1 trillion USD morev and another 5 years to add more 1 trillion USD . In fact, we would have done that in 4 years only but like it always happens, the depreciation of rupee struck adversely and delayed our goal of reaching to 3 trillion dollar mark buy one year.

If we explore the the historic data of trade deficit versis value of INR against USD , we can see that when the trade deficit was low INR had strengthened. Between 2002 to 2005, trade deficit was low and as a result INR appreciated from rupees 47 to Rupees 42. Once again in 2007 when trade deficit reduced from high level in 2006 INR was appreciated by 3 to 4 rupees to Rupees 41. Between two thousand to 2004To achieve the goal of high GDP, the strengthening of INR is very important.

To achieve a goal of rupees 10 bill trillion dollar economy within 10 years compound growth rate of 12.5% is required which is very much achievable looking to the the our current economic growth but we should make it sure that the economic growth we achieve is not neutralized or eaten up by depreciation in INR. Therefore my suggestion is to create a economy where our currency does not become weak every year or every passage of time.

Our economy in purchase power parity is 4 time higher than the value of power economy in nominal value which indicates that ourour Indian Rupee is undervalued 4 times in terms of purchase power. This is actually very unfair and it gives other country undue advantage of purchase of Indian goods at a very lower rate compared to what we can buy out of our own money in other country. This need to be changed to achieve the high GDP figures and I am going to discuss my road map and plans to achieve those figure. I am not going to discuss in details how we can increase our growth rate but my main focus shall be on how to appreciate aur currency so that we can achieve a very high growth rate with current GDP growth rate. It is possible by appreciating our currency. Now some people will argue that it will affect our export. I am going to touch those aspects of economy as well. My whole roadmap is based on cutting import to achieve trade surplus and boosting of Exports along with some other measures. This will include uplifting poor section and farmers so as to create high demand in the the economically poor section to achieve demand based GDP growth rate. All honorable members are requested to to give their input and make this thread a knowledge treasure.

Thank you very much.
‘Pardon me for not reading your paper two years back……..

For seventy years until 2016, India was a socialistic controlled economy. Only recently the licensing and other restrictions have been removed. Incentives are in place to build high tech and high employment industry in India. More money, either borrowed, FDI/FII has been encouraged. Key word for the last two years is “AtamNirbhar”. That feeds incentives to expand economy faster than ever before or as opposed others including China in the race.

I do believe it may be hard to get to $10 trillion economy by 2030. But add a few more years to it and India will be at that mark.

When at that mark, Indian economy will be better of the Chinese economy although it will be larger but Chinese export 30% of their economy. That is a weak link. If the Chinese invade Taiwan then exports will drop to half and Chinese are in big trouble.
 

FalconSlayers

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Ghanta $10 trillions. Even reaching $6.5 trillions in 2030 is going to be an achievement.
Bas sarr, thats way too low. I feel $7.5 - $8 trillion.
1664124100010.png



$10 tn by 2030 is impossible (13.5% = Real growth + Inflation ± Currency Fluctuations)
1664124164435.png
 

Indx TechStyle

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Bas sarr, thats way too low. I feel $7.5 - $8 trillion.
View attachment 173184


$10 tn by 2030 is impossible (13.5% = Real growth + Inflation ± Currency Fluctuations)
View attachment 173185
Things never go smooth brah.
Some f*cking shit will happen in 8 years as it happens everytime and we will end up being behind our projections. Recession has just started in west, it will hound us too somehow after some profitability.

We were supposed to reach $12000 GDP PPP per capita this year, weren't we?
 
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Indx TechStyle

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Things never go smooth brah.
Some f*cking shit will happen in 8 years as it happens everytime and we will end up being behind our projections. Recession has just started in west, it will hound us too somehow after some profitability.

We were supposed to reach $12000 GDP PPP per capita this year, weren't we?
I repeat again. It's a pipe dream to go smoothly for 8 years. Keep your expectations low, that would hurt you less later.
 

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