Indian Economy

[Suga]

committees can make recommendations, the reviewed party (in this case railways ) will have a say in whether to accept or reject those recommendations. there will be another document somewhere, which indicates how many of the recommendations are accepted by railways. once they accept, since this is Indian railways which is a huge organisation, it will take years to implement changes.

i did a few such projects for multiple state governments, which came out of such committee reports. one line item could translate to projects that cost crores and years of work. most times, it's not one project but a series of changes(contracts) if it is a big one, coming out of one sentence.

While you are right , a few ones like railway getting away from running schools ,hospital etc could have been done. Till now it’s all the same. As you said it’s upto railway but if management( 22 services like IRSE,IRSME etc ,through UPSC)of railway benifits than they are not going to accept such recommendation if it’s upto them.

 

[abdus salem killed]

Pilot project. R&D. If large deposites are proven here or somewhere else, then it will help in the calculation of extraction cost and profitability.

How are they not proven?

 

[Nutcracker]

How are they not proven?

It varies from one drilling site to another.

 

[abdus salem killed]

It varies from one drilling site to another.

Any estimates floating around?

 

[haldilal]

View: https://twitter.com/haldilal/status/1817148046829818007

 

[sameer]

India is doing a factory reset on the jobs scene

India's manufacturing sector has seen a significant job growth over the past two years, surpassing the services sector. This turnaround is driven by govt incentives, increased domestic demand, and companies expanding capacities. The sector is projected to create millions of jobs by 2024...

economictimes.indiatimes.com

 

[abdus salem killed]

https://indianexpress.com/article/explained/explained-climate/rainfall-performance-monsoon-9479264/lite/

 

[haldilal]

The Largest Export Ports of India.

 

[Azaad]

https://www.financialexpress.com/business/sme/nearly-50000-of-2-76-crore-registered-msmes-shut-in-last-four-years-govt-data/3565974/

 

[bakofbakchod]

View: https://x.com/UpdatesChennai/status/1817407087179121145

Brakes India-ADVICS joint venture’s ₹500-crore unit is to come up near Hosur

Brakes India to establish greenfield factory with ADVICS, Japan, for advanced braking products in Tamil Nadu.

www.thehindubusinessline.com

LOHUM to invest ₹2,000 crore in Krishnagiri plant

LOHUM invests ₹2,000 crore in new plant in Tamil Nadu to produce sustainable battery materials for leading manufacturers.

www.thehindubusinessline.com

Tamil nadu has reached critical mass. Every day there is a medium scale factory being opened, proposed or breaking ground.

 

[ezsasa]

https://www.financialexpress.com/business/sme/nearly-50000-of-2-76-crore-registered-msmes-shut-in-last-four-years-govt-data/3565974/

will be interesting to find out, what were the previous trends in shut downs.
companies being able to legally shutdown, itself is a reform in the country. earlier companies it was not easy to legally close, even if business operations are shut.

 

[AYoungBrotchen]

https://www.financialexpress.com/business/sme/nearly-50000-of-2-76-crore-registered-msmes-shut-in-last-four-years-govt-data/3565974/

Not bad at all.

will be interesting to find out, what were the previous trends in shut downs.
companies being able to legally shutdown, itself is a reform in the country. earlier companies it was not easy to legally close, even if business operations are shut.

Also 50000 out of 27600000 is negligible. Many more would have been created in the place of these 50k.

 

[Wolfie]

Not bad at all.

Also 50000 out of 27600000 is negligible. Many more would have been created in the place of these 50k.

Failing buisness is inevitable, too many failing buisness is a sign of systematic problem, a data for new registration should also be there

 

[Tibarn]

India is doing a factory reset on the jobs scene

India's manufacturing sector has seen a significant job growth over the past two years, surpassing the services sector. This turnaround is driven by govt incentives, increased domestic demand, and companies expanding capacities. The sector is projected to create millions of jobs by 2024...

economictimes.indiatimes.com

Synopsis

India's manufacturing sector has seen a significant job growth over the past two years, surpassing the services sector. This turnaround is driven by govt incentives, increased domestic demand, and companies expanding capacities. The sector is projected to create millions of jobs by 2024, contributing to the nation's target of becoming a global manufacturing hub.​

 

[SlayingHell]

We need Precision Optics Industry, they are used in a lot of Very Important Applications whether for Optical Imaging Spy Satellites, Optics in EOTS, Semi Conductor Industry, Seekers and etc. How is the situation here in India? Do we import those as in Finished Goods directly from OEM? Or are we past the stage and is able to manufacture them indigenously using Imported Precision Tooling Machinery?

 

[Tibarn]

Here are some interesting tidbits from this article:

https://www.livemint.com/economy/economic-survey-2024-indian-economy-grows-over-7-for-a-3rd-consecutive-year-5-key-highlights-11721632779593.html

According to the survey, India’s energy needs are expected to grow 2 to 2.5 times by 2047 to meet a growing economy's developmental priorities and aspirations.
"Considering that resources are limited, the pace of energy transition would need to factor in alternative demands on the resources for improving resilience to climate change and for sustained social and economic development," said the survey.
With an increase in its renewable energy capacity and improvement in energy efficiency, the survey observed India's progress in climate action has been remarkable.
According to the survey, as of 31 May 2024, the share of non-fossil sources in the installed electricity generation capacity has reached 45.4 per cent. The country has reduced the emission intensity of its GDP from 2005 levels by 33 per cent in 2019.

The survey underscored that Indian labour market indicators have improved in the last six years, with the unemployment rate declining to 3.2 per cent in 2022-23. The net payroll additions under EPFO have more than doubled in the past five years, signalling healthy growth in formal employment.

"The RBI projects inflation to fall to 4.5 per cent in FY25 and 4.1 per cent in FY26, assuming normal monsoon and no external or policy shocks. Similarly, the IMF forecasts inflation of 4.6 per cent in 2024 and 4.2 per cent in 2025 for India. Further, the World Bank predicts declining global commodity prices in 2024 and 2025, driven by lower energy, food, and fertiliser prices. This may help bring down domestic inflation in India," said the survey.

According to the survey, the government’s timely policy interventions and the Reserve Bank of India’s price stability measures helped maintain retail inflation at 5.4 per cent - the lowest level since the pandemic, driven by a fall in core inflation - both goods and services.

According to the survey, food inflation stood at 6.6 per cent in FY23 and increased to 7.5 per cent in FY24.

So a challenge for the government is to try to bring food inflation down.

 

[haldilal]

View: https://twitter.com/haldilal/status/1817782558358224996

 

[concard]

We need Precision Optics Industry, they are used in a lot of Very Important Applications whether for Optical Imaging Spy Satellites, Optics in EOTS, Semi Conductor Industry, Seekers and etc. How is the situation here in India? Do we import those as in Finished Goods directly from OEM? Or are we past the stage and is able to manufacture them indigenously using Imported Precision Tooling Machinery?

I agree with you. We need something like the equivalent of Carl Zeiss in India. In recent news,

Global lens maker Carl Zeiss to invest Rs 2,500 crore in THIS Indian city

German giant Carl Zeiss is investing Rs 2,500 crore in a new Bengaluru lens plant, set to quintuple its production. The move, aimed at leveraging India's growing market and skilled workforce, will also double its local workforce within two and a half years., Companies News, ET Now

www.etnownews.com

 

[Nutcracker]

Indian bijnessmen being born dallaz investing their profit in real estate instead of IP/Machinery/Salary/Job creation.

Very informative pre budget video by polymath coupta ji. Capital gains tax was predicted 1 day beforehand by looking at economic survey.
@Azaad

View: https://youtu.be/5BcfnGNqhZY?si=H0khxo_PG9J6W5XN

 

[Azaad]

View: https://twitter.com/haldilal/status/1817782558358224996

There's already a 7 star hotel Grand Hyatt in the vicinity. Doesn't make sense for 2 mega projects to exist side by side.