Indian Economy

[FalconSlayers]

Can somebody give us the correct India’s GDP figures with financial year ending in March 2024. The western media especially the British media continues to publish 2022 figure while discussing Indian economy in 2024.

Please do it….

$3.57 trillion

 

[abdus salem killed]

$3.57 trillion

Didn't it reach 3.9 trillion?

 

[concard]

$3.57 trillion

According to IMF we are almost $4 Trillion.

https://www.imf.org/external/datamapper/profile/IND

 

[Nutcracker]

According to IMF we are almost $4 Trillion.

View attachment 5313

https://www.imf.org/external/datamapper/profile/IND

Total nominal GDP 295.xx Trillion INR / 83.xx (average INR rate through last one year).
= 3.55T$~

 

[Hari Sud]

Total nominal GDP 295.xx Trillion INR / 83.xx (average INR rate through last one year).
= 3.55T$(

According to IMF we are almost $4 Trillion.

View attachment 5313

https://www.imf.org/external/datamapper/profile/IND

That is the truth that Indian GDP is $3.94 trillion. The British media uses 2022 data to pretend that they are still ahead.

 

[FalconSlayers]

Didn't it reach 3.9 trillion?

According to IMF we are almost $4 Trillion.

View attachment 5313

https://www.imf.org/external/datamapper/profile/IND

@Hari Sud asked for FY2023-24 that ended on March 2024. The $3.94 trillion figure is projection for ongoing fiscal year.

 

[Chandra]

Total nominal GDP 295.xx Trillion INR / 83.xx (average INR rate through last one year).
= 3.55T$~

By this simple logic -

Pakistan	GDP	Ex. Rate (1$)	Growth rate
2021	348 B$	160 PKR	6.5%
2023	338 B$	270 PKR	0%

If Nominal GDP in $ is simply dividing the GDP in local currency by the exchange rate. Why isn't Pakistan's GDP in 2023 atleast 60% of what it was in 2021 ? A genuine question to ask.

You can read about International Dollar which is used to calculate GDP for countries using currencies other than the US $.

 

[FalconSlayers]

By this simple logic -

Pakistan	GDP	Ex. Rate (1$)	Growth rate
2021	348 B$	160 PKR	6.5%
2023	338 B$	270 PKR	0%

If Nominal GDP in $ is simply dividing the GDP in local currency by the exchange rate. Why isn't Pakistan's GDP in 2023 atleast 60% of what it was in 2021 ? A genuine question to ask.

The reason is "International Dollar" is used to calculate GDP for countries using currencies other than the US $.

Because Nominal GDP growth = Real GDP growth + Inflation + Exchange rate fluctuations + Pakistan's GDP is fake.

 

[Nutcracker]

By this simple logic -

Pakistan	GDP	Ex. Rate (1$)	Growth rate
2021	348 B$	160 PKR	6.5%
2023	338 B$	270 PKR	0%

If Nominal GDP in $ is simply dividing the GDP in local currency by the exchange rate. Why isn't Pakistan's GDP in 2023 atleast 60% of what it was in 2021 ? A genuine question to ask.

You can read about International Dollar which is used to calculate GDP for countries using currencies other than the US $.

.
Their GDP in dollars did not decline 60% because their GDP in PKR has also skyrocketed.I don't have GDP figures but budget one is here. In fy22 their budget was 8.5T PKR , in fy23 it became 14T PKR, in fy24 it became 18.5T PKR.

 

[Chandra]

Because Nominal GDP growth = Real GDP growth + Inflation + Exchange rate fluctuations + Pakistan's GDP is fake.

I am giving another example.

Turkey	GDP	Ex. Rate (1$)	Growth rate
2021	819 B$	7.8 TRY	11%
2023	1.1 T$	18.6 TRY	5.5%

Using the same logic Turkish economy should have shrunk in size by 61% against a cumulative growth rate of 16.55% yet data shows a different result.

I am citing these shitty countries because these are some of the only countries that has shown such a radical change in exchange rate in recent years, that I follow.

They data is from World Bank and whatever methodology is used for them is also being used for us.

Their GDP in dollars did not decline because their GDP in PKR has also skyrocketed.I don't have GDP figures but budget one is here. In fy22 their budget was 8.5T PKR , in fy24 it became 18T PKR.

That's why I shared the Growth rate chart. Without the Growth rate to account for how did the GDP skyrocket ?

 

[Nutcracker]

I am giving another example.

Turkey	GDP	Ex. Rate (1$)	Growth rate
2021	819 B$	7.8 TRY	11%
2023	1.1 T$	18.6 TRY	5.5%

Using the same logic Turkish economy should have shrunk in size by 61% against a cumulative growth rate of 16.55% yet data shows a different result.

I am citing these shitty countries because these are some of the only countries that have shown such a radical change in exchange rate in recent years.

They data is from World Bank and what ever methodology is used for them is also being used for us.


That's why I shared the Growth rate chart. Without the Growth rate to account for how did the GDP skyrocket ?

Read about the International Dollar. Your doubles will be cleared I can assure you.

That's REAL GROWTH rate . Not NOMINAL.
(Nominal = Real + inflation+ currency movement)

 

[Tibarn]

ONDC monthly orders hit record 12 million in July

The government-backed Open Network for Digital Commerce (ONDC) now has about 630,000 sellers and service providers in 600 cities and delivers to 1,200 cities nationwide.

economictimes.indiatimes.com

Synopsis

The government-backed Open Network for Digital Commerce (ONDC) now has about 630,000 sellers and service providers in 600 cities and delivers to 1,200 cities nationwide.​

 

[Tibarn]

https://www.business-standard.com/industry/agriculture/centre-to-invest-rs-18-000-crore-to-build-agri-export-clusters-chouhan-124080501040_1.html

Centre to invest Rs 18,000 crore to build agri-export clusters: Chouhan​

On the storage and warehousing front, he said the government was investing Rs 1.40 crore on modern post-harvest infrastructure and there were plans to integrate another 1,500 mandis with the electronic National Agriculture Market (e-NaM) programme.
He highlighted the ministry’s emphasis on development of the seed sector by bringing back 2,500 traditional varieties in the crop system existing in 200 districts in the next two years.
To attain self-sufficiency in pulses and oilseeds, the minister said the government was working on developing model pulses and oilseeds villages in the next five years and cover 12 million hectares of area under micro-irrigation.

Niti Aayog published a paper a few years ago, before the farmers' protest nautanki about the need of Indian agriculture to shift to growing more high value crops such as fruits and green vegetables.

Hopefully these agri-export clusters will promote these types of exports from India.

 

[ArjunMK1A]

View attachment 5209

As of Today we are not an manufacturing powerhouse compared to China. A long way to achieve these goals.

 

[ArjunMK1A]

Infosys is always an shady batch. Remember H1B violation and even today dog shit entry level salary. Even the infamous IT Website fiasco.

But we need to work 70 hours. At least in China people worked 70 hours to build BYD, SAIC, Huawei, Alibaba, CRRC etc.

On the other hand we will be working for 70 hours as Coolie and these companies will bill higher and gobble profit.

 

[haldilal]

1 .

Hitachi Expands Workforce in India: Over 700 New Jobs Created

Hitachi is set to hire over 700 professionals across various domains, reinforcing its commitment to the Indian market.

sightsinplus.com

2 .

Defence stock jumps after receiving license to manufacture various defence products

The shares of the leading forging company gained up to 2 percent after the company’s subsidiary has been granted a defence license for the manufacture of various defence products.

tradebrains.in

3 .

Mahindra looks to add five-door Thar production capacity by 4,000 units per month

Mahindra & Mahindra plans to increase monthly production capacity by 4,000 units for the five-door Thar Roxx, aiming for a total exit capacity of 64,000 units per month this fiscal year. The company reported a 20 per cent rise in net profit to Rs 3,283 crore, with automotive segment profit...

economictimes.indiatimes.com

4 .

Angel One Invests Rs 250 Cr in Wealth Management Arm

Angel One invests Rs 250 crore in its wealth management arm to capitalize on India's growing affluence, focusing on technology, expansion, and product development.

money.rediff.com

5 .

Update: e-Luna maker Kinetic Green raises $25 Mn from Greater Pacific Capital

Kinetic Green, the EV-making arm of Kinetic group, has raised Rs 168 crore or $20 million in equity and debt from Greater Pacific Capital.

entrackr.com

6 .

Bank of India to raise Rs 10,000 cr via infra bonds - ET Infra

State-owned Bank of India (BoI) on Wednesday said its board has given approval to raise Rs 10,000 crore through long-term infra bonds to fund infrastructure projects.

infra.economictimes.indiatimes.com

7 .

Bank of Maharashtra plans to raise upto ₹3,000 crore by issuing infrastructure bonds; check details

Bank of Maharashtra is reported to be considering raising up to ₹3,000 crore through its first issue of infrastructure bonds maturing over a 10-year period. Sources have stated that the bank has invited coupon and commitment bids for this issue on Thursday. Its shares were trading on a muted...

upstox.com

8 .

India’s waterways cargo surges 5% to 133 mt in FY24; another ₹360 crore investment planned in new routes

Nearly 73 per cent of the investment, or ₹264 crore will be towards development of waterways in Assam

www.thehindubusinessline.com

9 .

Marquardt India to support green mobility with innovative battery related solutions for OEMs | Autocar Professional

Marquardt India to support green mobility with innovative battery related solutions for OEMs

www.autocarpro.in

10 .

Mumbai and Pune dominates warehousing & logistics space absorption

Mumbai and Pune together accounted for 63% of the total absorption in H1 2024, followed by southern cities (Bengaluru, Chennai and Hyderabad) at 29%. Mumbai’s share saw an increase from 25% in H1 2023 to 41% in H1 2024, the growth can be attributed to an increase in demand for grade-A warehouses in

www.mumbailive.com

11 .

Black Box secures Rs 410 crore funding to expand in digital infrastructure

Black Box Ltd, an ESSAR Group promoted digital infrastructure solution integrator, announced on Friday that it has secured Rs 410 crore through a preferential i

www.newindianexpress.com

12 .

Jawaharlal Nehru Port clocks 10.6 percent growth in container volumes during first quarter - ET Infra

In June, JNPA handled 5,67,392 TEUs, posting a 19.11 percent increase over the 4,76,350 TEUs handled a year earlier

infra.economictimes.indiatimes.com

 

[Aaj Ka Hero]

That facility to manufacture chips that is coming in Assam, if I am not wrong is going to produce 49 nm nodes right? Can someone direct to the exact figure.

 

[concard]

That facility to manufacture chips that is coming in Assam, if I am not wrong is going to produce 49 nm nodes right? Can someone direct to the exact figure.

The facility coming up in Assam as nothing to do with fab but it is testing and packaging facility. Once Lithographic machines have etched chips on wafers, those wafers need to be cut into slices and packed and tested to check whether they are working as intended. For example, this is a silicon wafer which has undergone etching process.



Now all those have to be cut into individual slices and packaged as chips. This is not something anyone can do. You need to be highly qualified to do testing and packaging of semiconductor chips. Let's take intel series chips for example.

Intel i3, Intel i5, Intel i7, Intel i9. The chips are powerful from ascending order. Intel i9 is the most powerful. On a silicon wafer they don't individually etch only one series of processors. All those processors have similar designs. If the machine etched a successful Intel i9 chip design on the wafer, it will be marketed as Intel i9 and will cost more in the market. If it is slightly less defective then it will be sold as Intel i7. During packaging and testing they will lock out the parts of the chip which are faulty and sold in the market as Intel i7. The same goes for Intel i5 and Intel i3. They are all slightly less defective chips. This way the fab can minimize losses and get more yield from a silicon wafer.

 

[Chandra]

But wtf

View: https://x.com/SJha1618/status/1820710317288050915

 

[abdus salem killed]

That facility to manufacture chips that is coming in Assam, if I am not wrong is going to produce 49 nm nodes right? Can someone direct to the exact figure.

28nm with further to 14 nm