Indian Economy

[Yuyutsu]

Mapped: Global Wealth by Region (2023-2028F)

This graphic shows the latest forecasts for net wealth by region, highlighting the dominance of three key regions.

www.visualcapitalist.com

 

[Comet]

View: https://x.com/IndianTechGuide/status/1826545162606313987

 

[Hari Sud]

India as a Manufacturing and Export Powerhouse

U.S. businesses are being urged to diversify their supply chains away from China, a nation whose growing economic power has fueled a more assertive stance, threatening U.S. interests in the Pacific. However, this shift is now driven by more than just geopolitical concerns—it’s also about the bottom line.

Why is this happening, you might ask?

The reasons mirror those that once made China the go-to destination for manufacturing: cost advantages. Over the past two decades, labor and other costs in China have surged, making it less attractive for American companies accustomed to lower prices. As a result, these companies are now exploring opportunities in emerging economies like India, Vietnam, and Thailand. These countries are not only equipped with robust infrastructure, trained labor forces, and legal frameworks aligned with Western standards, but they also have governments eager to ease the costs of business relocation. What they need most is foreign direct investment (FDI) and technology transfers. Once those elements are in place, a significant portion of Chinese manufacturing could shift to these regions.

Consider the electronics industry: a substantial portion of it has already moved to Vietnam, turning the country into a burgeoning electronics manufacturing hub. In the textile and garment sector, Bangladesh has emerged as a leader. India, with its rapidly developing infrastructure, is poised to outpace both in electronics and textiles, especially once its semiconductor fabrication plants are operational in the next two years. India is already the second-largest exporter of cell phones, with efforts underway to reduce its dependency on imported components, a challenge expected to be addressed within the next three years.

Thailand, too, has made significant economic strides, earning recognition from the World Bank. Its services and electronics export sectors have advanced rapidly, making it a prime destination for Western importers of goods and services.

India’s potential to attract Western businesses is particularly strong, not just because of its vast consumer market, but also due to its manufacturing capabilities. As its infrastructure development nears completion, it will rival the best in the world. Coupled with its research and development prowess and a highly skilled, English-speaking workforce, India is well-positioned to outcompete China. The primary obstacle over the past two decades has been the West’s reluctance to consider India on par with China. This hesitation is now diminishing as China’s aggressive stance in the Pacific underscores the risks of over-reliance on a single country.

The U.S. administration has begun to recognize the need for alternatives to China, realizing that without them, a belligerent China could dominate the Pacific and undermine American influence. We are already seeing the early stages of this shift, with tariffs on Chinese goods, such as those imposed during the Trump administration and most recently on Chinese-made electric vehicles under President Biden. At the same time, significant progress has been made in curbing the theft of technology, a practice China has been notorious for. Consequently, China’s progress in high-end semiconductor manufacturing has been limited.

In conclusion, India is now a top priority for Western investment and manufacturing. With its high potential, all it needs is investment and technological support to become a global export leader.

 

[Blademaster]

India as a Manufacturing and Export Powerhouse

U.S. businesses are being urged to diversify their supply chains away from China, a nation whose growing economic power has fueled a more assertive stance, threatening U.S. interests in the Pacific. However, this shift is now driven by more than just geopolitical concerns—it’s also about the bottom line.

Why is this happening, you might ask?

The reasons mirror those that once made China the go-to destination for manufacturing: cost advantages. Over the past two decades, labor and other costs in China have surged, making it less attractive for American companies accustomed to lower prices. As a result, these companies are now exploring opportunities in emerging economies like India, Vietnam, and Thailand. These countries are not only equipped with robust infrastructure, trained labor forces, and legal frameworks aligned with Western standards, but they also have governments eager to ease the costs of business relocation. What they need most is foreign direct investment (FDI) and technology transfers. Once those elements are in place, a significant portion of Chinese manufacturing could shift to these regions.

Consider the electronics industry: a substantial portion of it has already moved to Vietnam, turning the country into a burgeoning electronics manufacturing hub. In the textile and garment sector, Bangladesh has emerged as a leader. India, with its rapidly developing infrastructure, is poised to outpace both in electronics and textiles, especially once its semiconductor fabrication plants are operational in the next two years. India is already the second-largest exporter of cell phones, with efforts underway to reduce its dependency on imported components, a challenge expected to be addressed within the next three years.

Thailand, too, has made significant economic strides, earning recognition from the World Bank. Its services and electronics export sectors have advanced rapidly, making it a prime destination for Western importers of goods and services.

India’s potential to attract Western businesses is particularly strong, not just because of its vast consumer market, but also due to its manufacturing capabilities. As its infrastructure development nears completion, it will rival the best in the world. Coupled with its research and development prowess and a highly skilled, English-speaking workforce, India is well-positioned to outcompete China. The primary obstacle over the past two decades has been the West’s reluctance to consider India on par with China. This hesitation is now diminishing as China’s aggressive stance in the Pacific underscores the risks of over-reliance on a single country.

The U.S. administration has begun to recognize the need for alternatives to China, realizing that without them, a belligerent China could dominate the Pacific and undermine American influence. We are already seeing the early stages of this shift, with tariffs on Chinese goods, such as those imposed during the Trump administration and most recently on Chinese-made electric vehicles under President Biden. At the same time, significant progress has been made in curbing the theft of technology, a practice China has been notorious for. Consequently, China’s progress in high-end semiconductor manufacturing has been limited.

In conclusion, India is now a top priority for Western investment and manufacturing. With its high potential, all it needs is investment and technological support to become a global export leader.

I do not think it is a good sign for India to depend on US and the west for manufacturing opportunities and etc. India needs to further develop its economy so it becomes its own economic powerhouse in its own right without any reliance on any other country. For that to happen, India needs to massively step up and increase its R&D activities, boost up colleges, universities and vocational schools and increase the educational standards all around and encourage more risk taking endeavors.

 

[haldilal]

1 .

Sciverse Expands Global Reach with Advanced Point-of-Care Technologies

Pune-based MedTech startup Sciverse is making a global impact with its cutting-edge diagnostics, software, and biosensor technologies.

tech.einnews.com

2 .

CM launches doorstep delivery of services’ pilot in Kolhapur | - Times of India

Chief Minister Eknath Shinde inaugurates pilot project for doorstep delivery of government services in Kolhapur with a focus on effective implementation of the Right to Services Act, 2015.

timesofindia.indiatimes.com

3 .

Triumph Thruxton 400 & Adventure Tourer: Specs & Launch Date - Times Bull

Triumph new bikes: Triumph is developing a semi-faired cafe racer version of the Speed 400.It could be called the Thruxton 400 as it will draw a lot of

www.timesbull.com

4 .

Memorandum of Understanding between Department of Industries and Nibe Company | उद्योग विभाग व निबे कंपनीतसामंजस्य करार; एक हजार कोटी गुंतवणुकीतून होणार रत्नागिरी जिल्ह्यात दीड हजार रोजगार निर्मिती

Memorandum of Understanding between Department of Industries and Nibe Company

www.loksatta.com

5 .

Deepak Novochem Invests ₹100 Cr in Maharashtra Facility

Deepak Novochem Specialities Ltd. has announced a major investment of ₹100 crore to establish a new facility for the production of cresols and xylenols in Chiplun, Ratnagiri, Maharashtra. This ambitious project aims to enhance the company’s capacity in pr

projxnews.com

6 .

Jindal Poly Films to Boost Production with New BOPP Line in India

During the latest board meeting, JPFL Films Private Limited (JPFL), a material subsidiary of the B.C. Jindal Group, announced a major development with the setup of a new BOPP (Biaxially Oriented Polypropylene) production line at its Nashik plant.

www.chemanalyst.com

7 .

Marine Electricals signs MoU with Cummins India to make pumps for naval ships

Marine Electrical partners with Cummins India for naval pumps, expanding manufacturing capacity and exploring energy solutions.

www.thehindubusinessline.com

8 .

Rubrik says, continue to invest in India, to open R&D unit in Pune - ET Telecom

Rubrik: Palo Alto-headquartered company that employs nearly 1,000 people in Bangalore, has been actively looking to expand to other cities.

telecom.economictimes.indiatimes.com

9 .

Bajaj Qute exports jump 112% in April-July to 2,634 units | Autocar Professional

Over 30,000 Qutes have been shipped overseas till end-July 2024. Egypt's recent move to recognise quadricycles as public transport makes for a big new business opportunity.

www.autocarpro.in

10 .

Kilburn to acquire Monga Strayfield for ₹123 crore - Times of India

Kilburn Engineering Limited (KEL) announces the acquisition of Monga Strayfield Pvt Ltd for ₹123 crore, expanding its presence in radio frequency drying and heating solutions.

timesofindia.indiatimes.com

11 .

Godrej & Boyce launches India’s first Lithium-Ion powered forklift truck | Autocar Professional

Godrej & Boyce launches India’s first Lithium-Ion powered forklift truck

www.autocarpro.in

12 .

Bharat Forge to invest Rs 105 crore in arm Kalyani Powertrain - CNBC TV18

Shares of Bharat Forge Ltd ended at ₹1,616.25, up by ₹15.60, or 0.97% on the BSE.

www.cnbctv18.com

 

[haldilal]

 

[ezsasa]

After UPI, RBI will now launch Unified Lending Interface or ULI for friction less credit
Read more At:

https://www.aninews.in/news/business/after-upi-rbi-will-now-launch-unified-lending-interface-or-uli-for-friction-less-credit20240826131645/

 

[ezsasa]

After UPI, RBI will now launch Unified Lending Interface or ULI for friction less credit
Read more At:

https://www.aninews.in/news/business/after-upi-rbi-will-now-launch-unified-lending-interface-or-uli-for-friction-less-credit20240826131645/

these states will benefit the most, when it comes to land related loans?

13 states that have completed the digital integration of their land records:

1. Andhra Pradesh
2. Goa
3. Gujarat
4. Haryana
5. Jharkhand
6. Karnataka
7. Madhya Pradesh
8. Maharashtra
9. Manipur
10. Odisha
11. Punjab
12. Telangana
13. Tripura


View: https://x.com/Indian_Index/status/1827590480562917563

 

[srev2004]

ULI is going to kill the middlemen that finance farmers. I think Modi yielded on Farmer's protests by waiting for ULI to come online. It's a forcing function to achieve the same outcome.

 

[ezsasa]

ULI is going to kill the middlemen that finance farmers. I think Modi yielded on Farmer's protests by waiting for ULI to come online. It's a forcing function to achieve the same outcome.

timing probably has less to do with politics, and more to do with account aggregator framework reaching critical mass.

https://www.business-standard.com/f...ion-consents-on-framework-124082000869_1.html

Mahesh added that the usage has expanded from the basic use case of underwriting loans to personal finance management, portfolio management, assessing early warning signals and monitoring of loan accounts, loan collections, issuance of insurance policies, opening of demat accounts and investment advisory.

 

[SlayingHell]

ULI is going to kill the middlemen that finance farmers. I think Modi yielded on Farmer's protests by waiting for ULI to come online. It's a forcing function to achieve the same outcome.

So there are Middlemen in all stages
1. Financing
2. Seeds
3. Fertilizers & Pesticides
4. Equipment Rentals
5. Storage Facilities
6. Processing
7. Traders
The biggest leeches are in Stage-7, they are the most destructive form of pest in Indian Agricultural Ecosystem. We have to somehow bypass them to make Farmers sell their products directly. Aren't Agricultural Laws related to this Stage-7 and not Stage-1?

 

[Gslv Mk3]

View: https://x.com/NST2003NST/status/1827648497446731879

 

[Comet]

View: https://x.com/IndianTechGuide/status/1828394530103795874

 

[rockdog]

View: https://x.com/IndianTechGuide/status/1828394530103795874

Wrong info, the team was for local R&D, the IBM didn't get big contract for long time.

That's good, it Worked! I as IT guy witnessed how De-IOE really made.

Now all most profitable IT projects are earned by local firms.

Article in 2014:
China’s “De-IOE” campaign takes a bite out of tech

https://www.reuters.com/article/breakingviews/chinas-de-ioe-campaign-takes-a-bite-out-of-tech-idUS1222583951/

Article today:

IBM lay-offs send shock waves across China tech community

Some employees were disappointed at the brevity of a conference call with US-based executives.

www.scmp.com

 

[haldilal]

Update on Sinar Mas MOU, construction to start next year of phase I and investment of 10,500 crore and plant operationalize by 2026/27 in phase wise, phase II to follow after that of 9,500 crore rupees at Raigad.

 

[FalconSlayers]

Holy F-

Office space leasing is expected to reach a record high in 2024

India's office market is poised for a record-breaking year, with leasing in the top eight cities expected to exceed 80 million square feet in 2024, marking a third consecutive year surpassing the 70 million square feet milestone. This growth is driven by high demand for premium spaces with...

economictimes.indiatimes.com

 

[Nutcracker]

Holy F-

Office space leasing is expected to reach a record high in 2024

India's office market is poised for a record-breaking year, with leasing in the top eight cities expected to exceed 80 million square feet in 2024, marking a third consecutive year surpassing the 70 million square feet milestone. This growth is driven by high demand for premium spaces with...

economictimes.indiatimes.com

We don't know if that office space is bought to be actually utilised in business activities or to increase asset value on paper.

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

 

[haldilal]

1 .

Mumbai's JNPA SEZ Sees High Demand with Plots Selling for Twice the Expected Price - PUNE.NEWS

Mumbai: In a significant boost to Mumbai’s trade and business landscape, the Union Minister for Shipping and Ports,…

pune.news

2 .

Saraswati Saree Share Price: Saraswati Saree Depot shares list at 25% premium over issue price - The Economic Times

Saraswati Saree Share Price: Saraswati Saree Depot's shares listed at a 25% premium on BSE and NSE, with an IPO subscription of over 107 times. The funds raised included 65 lakh new shares and 35 lakh shares from promoters. The company, a key player in the saree wholesale business, reported a...

m.economictimes.com

3 .

PFC pledges ₹21,000-crore for Vadhavan Port project

The project is to be developed by the Vadhavan Port Project Ltd, a special purpose vehicle formed by the Jawaharlal Nehru Port Authority and the Maharashtra Maritime Board. Prime Minister Narendra Modi is likely to visit Maharashtra on August 30 for its foundation stone laying ceremony.

economictimes.indiatimes.com

4 .

Mumbai Port Signs Rs 4,000 Cr Projects, Launches Sustainability Initiatives

Mumbai Port has signed investment proposals worth Rs 4,000 crore for projects focused on sustainability and green fuel, generating 1.45 lakh person-days of employment.

money.rediff.com

5 .

Auto parts maker Carraro India files DRHP for Rs 1,812 crore IPO

The offer is being conducted through the book-building process, with up to 50% allocated on a proportional basis to qualified institutional buyers, at least 15% allocated to non-institutional investors, and at least 35% allocated to retail individual investors.

economictimes.indiatimes.com

6 .

REC signs MoU with JNPA for financing Rs. 45,000 Cr - Sarkaritel.com

New Delhi, Aug 25: REC Limited, Maharatna PSU under Ministry of Power and a leading NBFC, signed an MoU with Jawaharlal Nehru Port Authority (JNPA) for […]

www.sarkaritel.com

7 .

India's Akasa Air in line for $125mn investment boost

Several daily Operator News updates covering all Operator Route Network changes, strategic fleet developments and aircraft orders, start-ups and bankruptcies, mergers and acquisitions and partnerships and alliances.

www.ch-aviation.com

8 .

Tata Motors joins top 10 global auto firms with $51 billion market cap | - Times of India

Cars News: Tata Motors became the first Indian company to join the top ten most valued global automotive firms, reaching a market capitalization of $51 billion.

timesofindia.indiatimes.com

9 .

https://www.business-standard.com/companies/news/nclt-passes-oberoi-realty-s-resolution-plan-for-nirmal-lifestyle-realty-124081201763_1.html

10 .

Blue Energy Motors Rolls Out 500th LNG Truck - Mobility Outlook

The Pune-based manufacturer continues to lead in sustainable heavy-duty trucking.

www.mobilityoutlook.com

11 .

AIMCo, HDFC Life Commit Rs 667 Crore Investment in IndiGrid

AIMCo and HDFC Life announce a combined investment of Rs 667 crore in IndiGrid to support its growth and infrastructure development.

www.goodreturns.in

12 .

Moxy Hotels debuts in Mumbai with Moxy Mumbai Andheri West - ET HospitalityWorld

Moxy Hotels: The hotel presents 105 stylish and cosy rooms, cleverly designed to maximize space and meet the discerning needs of modern travellers.

hospitality.economictimes.indiatimes.com

 

[Tibarn]

Cabinet approves 12 Industrial nodes/cities under National Industrial Corridor Development Programme

India will soon wear a grand necklace of Industrial Smart Cities as in a landmark decision today, th

pib.gov.in

India will soon wear a grand necklace of Industrial Smart Cities as in a landmark decision today, the Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crore. This move is set to transform the industrial landscape of the country creating a robust network of industrial nodes and cities that will significantly boost economic growth and global competitiveness.

Spanning across 10 states and strategically planned along 6 major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth. These industrial areas will be located in Khurpia in Uttrakhand, Rajpura-Patiala in Punjab, Dighi in, Maharashtra, Palakkad in Kerela, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP and Jodhpur-Pali in Rajasthan.

Key Highlights:

Strategic Investments: NICDP is designed to foster a vibrant industrial ecosystem by facilitating investments from both large anchor industries and Micro, Small, and Medium Enterprises (MSMEs). These industrial nodes will act as catalysts for achieving $2 trillion in exports by 2030, reflecting the government's vision of a self-reliant and globally competitive India.

Smart Cities and Modern Infrastructure: The new industrial cities will be developed as greenfield smart cities of global standards, built "ahead of demand" on the 'plug-n-play' and 'walk-to-work' concepts. This approach ensures that the cities are equipped with advanced infrastructure that supports sustainable and efficient industrial operations.

Area Approach on PM GatiShakti: Aligned with the PM GatiShakti National Master Plan, the projects will feature multi-modal connectivity infrastructure, ensuring seamless movement of people, goods, and services. The industrial cities are envisioned to be growth centers for transformation of whole region.

Vision for a 'Viksit Bharat':

The approval of these projects is a step forward in realizing the vision of ‘Viksit Bharat’ - a developed India. By positioning India as a strong player in the Global Value Chains (GVC), the NICDP will provide developed land parcels ready for immediate allotment, making it easier for domestic and international investors to set up manufacturing units in India. This aligns with the broader objective of creating an 'Atmanirbhar Bharat' or a self-reliant India, fostering economic growth through enhanced industrial output and employment.

Economic Impact and Employment Generation:

NICDP is expected to generate significant employment opportunities, with an estimated 1 million direct jobs and upto 3 million indirect jobs being created through planned industrialization. This will not only provide livelihood opportunities but also contribute to the socio-economic upliftment of the regions where these projects are being implemented.

Commitment to Sustainable Development:

The projects under the NICDP are designed with a focus on sustainability, incorporating ICT-enabled utilities and green technologies to minimize environmental impact. By providing quality, reliable, and sustainable infrastructure, the government aims to create industrial cities that are not just hubs of economic activity but also models of environmental stewardship.

The approval of 12 new industrial nodes under the NICDP marks a significant milestone in India's journey towards becoming a global manufacturing powerhouse. With a strategic focus on integrated development, sustainable infrastructure, and seamless connectivity, these projects are set to redefine India's industrial landscape and drive the nation's economic growth for years to come.

In addition to these new sanctions, the NICDP has already seen the completion of four projects, with another four currently under implementation. This continued progress highlights the government's commitment to transforming India's industrial sector and fostering a vibrant, sustainable, and inclusive economic environment.

 

[FalconSlayers]

Cabinet approves 12 Industrial nodes/cities under National Industrial Corridor Development Programme

India will soon wear a grand necklace of Industrial Smart Cities as in a landmark decision today, th

pib.gov.in

They also announced MITRA parks long ago, what happened to them?