Indian Economy

[haldilal]

View: https://x.com/haldilal/status/1907651774988632153

 

[Migflug]

Renewable Energy Milestone: India Becomes 3rd-Largest Wind and Solar Power Generator

Clean Energy Growth: India overtakes Germany, now ranking third globally in wind and solar power generation, reflecting rapid renewable energy expansion.

www.deccanherald.com

Global Electricity Review 2025 | Ember

Record renewables growth led by solar helped push clean power past 40% of global electricity in 2024, but heatwave-related demand spikes led to a small increase in fossil generation.

ember-energy.org

 

[ezsasa]

The EU gives countries like Bangladesh and Pakistan tariff free access to their market without any market access in return. Vietnam has a FTA where it can exports 10s of billion of dollars in goods to Europe while importing almost nothing in return (their market for the goods EU produce is tiny).

I don't have a problem with this as I believe that Indian industry should be able to compete with the EU. However, it still feels that India is treated unfairly compared to other developing countries. Why do they expect so much from India when they give other poor developing countries market access for free?

first we have to understand the role of the medium that gives us news, especially news in english.

“Indian journalism developed no reporting tradition; it often reported on India as on a foreign country.” ~ VS Naipaul (India : A wounded civilization)

haven't read the book, but found this quote interesting.

in this case, we have to assume trade negotiations everywhere across the world are a tough endeavour. while other countries ensure their govt's side of the story gets amplified, Indian media dumps gora view (reuters piece in this case) directly on to Indian readers, which leads to anxieties among the public.

reuters works on behalf european/trans atlantic interests, obviously will amplify talking points beneficial to their side.

 

[concard]

India is a developing country. We should not have low inflation either. Ideally a 5 percent inflation is great for us. Something below 4% is just bad bad.

The govt. should use this fiscal oppurtunity to build massive infrastructure. Maybe pass HSR project.

I disagree. Explain your argument please. Having GDP growth rate of 7-8% and inflation below 3% gives better bang for buck for the economy. High inflation erodes savings increases prices overall as we are now seeing in every major city in India. We can't even afford a house anymore in the city without mortgaging our kidneys.

 

[Prasad]

first we have to understand the role of the medium that gives us news, especially news in english.

“Indian journalism developed no reporting tradition; it often reported on India as on a foreign country.” ~ VS Naipaul (India : A wounded civilization)

haven't read the book, but found this quote interesting.

in this case, we have to assume trade negotiations everywhere across the world are a tough endeavour. while other countries ensure their govt's side of the story gets amplified, Indian media dumps gora view (reuters piece in this case) directly on to Indian readers, which leads to anxieties among the public.

reuters works on behalf european/trans atlantic interests, obviously will amplify talking points beneficial to their side.

View attachment 29839

What they want and what they will get are two different things.

 

[haldilal]

View: https://x.com/haldilal/status/1909482364041846986

 

[Varoon4]

The Indian media should at least have the inquisitiveness to question why those other countries mentioned by Rai, are given a free pass, while India is expected if not demanded, to open up more.

Guesses- India is a larger, more diverse and lucrative market than Vietnam, Bangladesh et al. The Euro auto companies can make more money in India than the other developing countries named. India does have a fairly sophisticated auto industry comprising cars, trucks, jeeps, motorcycles, scooters and mopeds, all of which are produced by Indian companies using Indian personnel and resources, in some cases even indigenous know how. The Europeans would prefer to keep this industry from growing and developing too much, where it could conceivably compete directly with them in other countries, even on their own soil one day. They can forestall such a possibility by coercing India to import more of their cars. JMTC

 

[haldilal]

Atleast tried.

 

[GodEmperorDoom]

Atleast tried.

View attachment 29857

This is what happens since our politicians are not technocrats. Except for 1 or 2, no one got the essence of "Nation-Building" and what it takes to achieve that.

We have to give Credit to the great Indian Constitutional framers, their thinking is so forward that they created a new untouchable-unaccountable Neo-caste aka "Babus". I don't know what's going on in their mind at those times with inclusion of Article 311.

The very structure of Constitution doesn't allow firing of Bureaucrats nor does allow merit hiring of Technocrats and how do people think our issues are gonna get fixed.

Add on to we have the biggest obstruction to hold them accountability- the Courts who themselves have no accountability.

We are not looking at policy or implementation problem. Its very structure of Constitution that implemented L after L.

 

[crazywithmath]

I’m not agri expert but any action by US on this should be seen as a reason to either slowly scrap the Ethanol blending initiative while also unbanning its import.
It is one of the few things we are better of importing while using our agri land for something more beneficial overall?

They blend ethanol because;

1. There is surplus production of a no of crops,
2. To cut down on imports

What is the point if they import it?

My thinking is we should do away with the ethanol blending.

Won't happen. Orange rapist can go fuck himself. Bloody clown is literally itching for a trade war here.

Hopefully, clown Goyal and co will continue to delay the talks if such impossible demands are put forward. We are under no obligation to be a dumping ground for their goods.

Honestly, I do not get the orange retard. Why is he doing this? What does he gain by this? They are making these impossible demands with full knowledge that no govt of the land will cave in. What is the end goal here?

The EU offered a zero for zero tariff deal (they never had high tariffs to begin with), donnie boy did not give a fuck and wanted them to buy oil and hydrocarbons worth $ 350 billion from facilities that will take years to go online (and in the mean time, those tariffs will stay, supposedly). Does this make any sense?

Atleast tried.

View attachment 29857

I urge members to read the full article. Your blood will boil.

 

[ezsasa]

What they want and what they will get are two different things.

since i distrust Indian news media, i can easily read these plethora of articles that are coming up on bureaucratic hurdles as being timed to scare away prospective investors, timed during a global trade war initiated by murican president.

imagine a scenario where some investor trying to figure out a new country to move to and is in a pre-market research stage, and the algorithm is dumping these sort of articles onto the individual.

i had once written the case of how pakiland almost became a IT hub. apparently in 90's some gora company reps was tasked to scout locations for their IT company in sooth asia, the team visited India and pakiland. Indian hosts gave the routine professional courtesy during the visit, pakis on the other hand went overboard with their hospitality. and finally during dinner paki hosts proudly announced their food was also tested for poison on behalf of the honoured guests. the scouting team selected India, they'd prefer chaos of India rather having to get their food tested for poison.

first impressions matter.
======

View: https://x.com/DivaJain2/status/1909416354051994044

 

[why so serious?]

How to throw spanners in the works is what babus know best.



Building India’s First Quantum Computer, a Foreign-Returned Physicist Battles the Bureaucracy

https://www.outlookbusiness.com/amp...gn-returned-physicist-battles-the-bureaucracy

 

[Ajayant Tripathi]

I disagree. Explain your argument please. Having GDP growth rate of 7-8% and inflation below 3% gives better bang for buck for the economy. High inflation erodes savings increases prices overall as we are now seeing in every major city in India. We can't even afford a house anymore in the city without mortgaging our kidneys.

Well, I too will prefer high growth with low inflation. I think it is hard to maintain high gdp growth with such low inflation numbers in India. It will require massive investment by govt. in infrastructure and industrialization and deregulation or atleast a stop at babudom harrassment. Only Chinese were able to do it for an extended period of time. Can we build as fast like chinese? Can we keep our local level sarkaari vasooli bhai from harassessing business? No,
So for us having an inflation between 4 to 6 is a good sweet spot. I will prefer a lower end too. I was just being practical when i floor it at 4%.
Nothing wrong with your reasoning. I was just being practical.

 

[concard]

Well, I too will prefer high growth with low inflation. I think it is hard to maintain high gdp growth with such low inflation numbers in India. It will require massive investment by govt. in infrastructure and industrialization and deregulation or atleast a stop at babudom harrassment. Only Chinese were able to do it for an extended period of time. Can we build as fast like chinese? Can we keep our local level sarkaari vasooli bhai from harassessing business? No,
So for us having an inflation between 4 to 6 is a good sweet spot. I will prefer a lower end too. I was just being practical when i floor it at 4%.
Nothing wrong with your reasoning. I was just being practical.

The only way around it is formalizing real estate sector. All the black money of babus, politicians, haramkores is in real estate. GoI should create a property ID and link it to bank account of the individual. Any rents have to go to this bank account only. All property transactions should be digital. Any cash transaction should be nullified and property confiscated. Anyone holding more real estate have to be taxed at a higher rate. CCP holds all the land in China. India has private land ownership. I say GoI should come up with hybrid ownership where GoI holds 25% stake in all properties in India. We have to take radical decisions if we have to prosper. Otherwise all the wealth will be held by very few in India.

 

[DancingPeacock]

The only way around it is formalizing real estate sector. All the black money of babus, politicians, haramkores is in real estate. GoI should create a property ID and link it to bank account of the individual. Any rents have to go to this bank account only. All property transactions should be digital. Any cash transaction should be nullified and property confiscated. Anyone holding more real estate have to be taxed at a higher rate. CCP holds all the land in China. India has private land ownership. I say GoI should come up with hybrid ownership where GoI holds 25% stake in all properties in India. We have to take radical decisions if we have to prosper. Otherwise all the wealth will be held by very few in India.

For that you need to create first a Citizen's ID that is based on all-aspect biometrics like Facial+Thumb+Iris. Then you also need to compartmentalize/quantize the land. You can't arbitrarily link Properties to ID without mapping them right? Mapping those irregular shapes itself is a problem. What we need is to quantize the land. 1mx1m or even 50cmx50cm would be the smallest block that can be quantized and traded. Now all land registrations would be interms of mapping those blocks to a Person and not some random boundaries. Quantizing land would yield immense benefits and without that we will be always subject to bullshit disputes. Block No:#### to Block No:### belongs to Citizen ID No: ###.


As for GoI holding 25% stake. It is unrealistic, our biggest rent-seeking castes are also biggest vote banks. Don't forget that it is not the politicians that are the biggest land hoarders but the very section of populace which we all know. GoI should instead start creating Enclosed Towns. A 4x4=16km2 would be more than enough to house 300,000 people at 20,000 per sq km population. If you take 1 to 8 Ratio of Employee: Population it is more than enough to house 50,000 Software engineers which is very big amount along with their families. India has 5M IT workforce that means 100 such parks are more than enough to accomodate everyone. This is just a hypothesis.

For India to prosper and Middle Class to raise their families, the rent-seeking class must be defanged. There are lot of these classmates during childhood who come from these rent-seeking class owing more than 4 to 5 properties. They perpetuate rent-seeking- they neither uplift themselves into technical workforce nor does make it easy for others and instead suck on to hard-working people money.

All this points to single problem of not doing Land Reforms properly during Independence.

 

[Ajayant Tripathi]

I think the easiest thing for the govt. will be to do just infrastructure development at an accelerated scale. The tenders should be made foolproof away from L1 system to a new system where the history of the company matters. Next timely payment of tendered works. Biggest friction here.

The problem is our infrastructure growth is abysmal. Delhi-Mumbai Expressway is still a fancy?! HSR project is stuck! RRTS just one line. Only by rapidly building infrastructure we can have livable nodes that justify the price of their purchase.

 

[Ultraman]

For that you need to create first a Citizen's ID that is based on all-aspect biometrics like Facial+Thumb+Iris. Then you also need to compartmentalize/quantize the land. You can't arbitrarily link Properties to ID without mapping them right? Mapping those irregular shapes itself is a problem. What we need is to quantize the land. 1mx1m or even 50cmx50cm would be the smallest block that can be quantized and traded. Now all land registrations would be interms of mapping those blocks to a Person and not some random boundaries. Quantizing land would yield immense benefits and without that we will be always subject to bullshit disputes. Block No:#### to Block No:### belongs to Citizen ID No: ###.


As for GoI holding 25% stake. It is unrealistic, our biggest rent-seeking castes are also biggest vote banks. Don't forget that it is not the politicians that are the biggest land hoarders but the very section of populace which we all know. GoI should instead start creating Enclosed Towns. A 4x4=16km2 would be more than enough to house 300,000 people at 20,000 per sq km population. If you take 1 to 8 Ratio of Employee: Population it is more than enough to house 50,000 Software engineers which is very big amount along with their families. India has 5M IT workforce that means 100 such parks are more than enough to accomodate everyone. This is just a hypothesis.

For India to prosper and Middle Class to raise their families, the rent-seeking class must be defanged. There are lot of these classmates during childhood who come from these rent-seeking class owing more than 4 to 5 properties. They perpetuate rent-seeking- they neither uplift themselves into technical workforce nor does make it easy for others and instead suck on to hard-working people money.

All this points to single problem of not doing Land Reforms properly during Independence.

most of what u described is already here. aadhaar and pan linking are there for buying property . village offices send list of purchases and pans to it dept at end of month . for old property aadhar linking + digital survey / digitization is taking place in some states . happening in kerala. should be done for all india . no quantization but with digital survey u get a list of coordinates .

it department is also building some giant big data machine learning thing to find tax evaders . even with all this people will still evade tax authorities , these people use all sorts of tricks . that rto constable caught recently had 700 crore assests,

 

[Ajayant Tripathi]

Property ID cards and survey of properties is ongoing in Haryana too. It is almost done. Every family also have a family ID. There are so many IDs now that it has started becoming political issue here.

 

[Rynzl3r]

Hello guys, I had some questions. Would love to know your opinions on the following.

1) Are GCCs even beneficial or us apart from the fact that they provide employment and good salary to skilled engineers? Isn't it basically brain drain because at the end Indians are contributing to and helping create tech/IP for western companies?

2) What will happen when China, US and other countries start mass deploying their humanoids in factories? We are nowhere in this race and if other countries can spam thousands of bots how will we get ahead in manufacturing and will we even have ways to uplift poor ppl?

3) I see lot of data centers being built in India. What are the benefits of this? Data sovereignty? Bcos afaik they require lots of water and electricity.

 

[Ajayant Tripathi]

Hello guys, I had some questions. Would love to know your opinions on the following.

1) Are GCCs even beneficial or us apart from the fact that they provide employment and good salary to skilled engineers? Isn't it basically brain drain because at the end Indians are contributing to and helping create tech/IP for western companies?

2) What will happen when China, US and other countries start mass deploying their humanoids in factories? We are nowhere in this race and if other countries can spam thousands of bots how will we get ahead in manufacturing and will we even have ways to uplift poor ppl?

3) I see lot of data centers being built in India. What are the benefits of this? Data sovereignty? Bcos afaik they require lots of water and electricity.

1. Yes, They are beneficial even if the workforce works for foreign companies. Just like its predecessors. Today they are creating IP for others. Tomorrow they will be creating for India. The real question here is are we doing enough to keep them in India? Are we gonna allow them create IP for India.

2. Humanoids will still need humans to diagnose them. They still are unreliable to handle some consumer goods like "Footwear". But yes they will flood the markets with more cheaper goods. We may just increase payout for ladli behnas even more. Already govt. is doing a lot more for them.

3. Data Centres make sense economically too. Look at economy of CDN. Having data closer to consumers is cheap. So, They are coming because they make sense economically. We can't stream IPL matches from servers in West. Too much latency as well as expensive traffic. Better have a CDN in India.