Indian Economy

[eastern_bhartiya]

Only 3 foreign manufacturing cos set up shop in India in FY25

Despite government initiatives to boost domestic manufacturing, only three foreign manufacturing companies established operations in India during fiscal year 2024-25, according to Ministry of Corporate Affairs data. This contrasts with 53 foreign companies in the services sector. The number of...

economictimes.indiatimes.com

Some damper in our manufacturing so called successes over the past year?

This news bit too short for any thing to say rn .

 

[FalconSlayers]

Undocumented economy can be documented by proper recording and bringing them into tax system.

Except their "undokyumented ekanamy" claims are as outlandish as porkis.

 

[crazywithmath]

Except their "undokyumented ekanamy" claims are as outlandish as porkis.

GST CAGR has outpaced nominal GDP growth consistently in the past few years - enough evidence that significant portion of the economy is yet to be formalized - rebasing will attempt to bring some of that into the GDP net. Pakroaches have no such indicator, their tax revenues barely grow.

 

[LETHALFORCE]

View: https://x.com/IanJaeger29/status/1919433004507668647

 

[FalconSlayers]

View: https://x.com/narendramodi/status/1919736905115054505

 

[LETHALFORCE]

View: https://x.com/CNBCTV18Live/status/1919750665771090236

 

[Cheepek]

View: https://x.com/RichardRossow/status/1920000141597278360?t=VJDapXs9WFBaqyO-KyXMLg&s=19

 

[Wayfarer]

"India has one of the highest tariffs in the world. We are not going to put up with that, they have agreed already to drop it, drop it to nothing. They have already agreed. They wouldn't have done for anybody else, but me," he said in a White House media interaction alongside Canada’s Mark Carney.

https://www.moneycontrol.com/world/india-has-dropped-tariffs-on-us-imports-to-nothing-says-trump-amid-india-us-trade-deal-talks-article-13015182.html#google_vignette

 

[Wayfarer]

India Breaks Records in Mineral(Mining) Production in FY 2024-25

India’s mining and non-ferrous metal sectors have achieved record-breaking production levels in FY 2024-25, building upon the momentum of the previous year. According to provisional data released by the Ministry of Mines, key minerals such as iron ore, manganese ore, and bauxite, as well as...

currentaffairs.adda247.com

 

[sameer]

Looks like our Babooze were actually able to negotiate a good deal.


Even automobiles face 0% tariff.
Some agricultural products as well, though I think there will be lot of non-tariff barriers with regards to food safety etc etc.

 

[eastern_bhartiya]

Latest HDI report

India ranked at 130 out of 193 on human development index marking improvement of 3 points - The Times of India

India improved its human development index (HDI) rank to 130 in 2023, up from 133 in 2022, showing progress in life expectancy, education, and income.

timesofindia.indiatimes.com

India :- 0.685

 

[ArjunMK1A]

Latest HDI report

India ranked at 130 out of 193 on human development index marking improvement of 3 points - The Times of India

India improved its human development index (HDI) rank to 130 in 2023, up from 133 in 2022, showing progress in life expectancy, education, and income.

timesofindia.indiatimes.com

India :- 0.685

Is it the new HDI measurement brings some idiotic things which is making the rank poor?

 

[eastern_bhartiya]

Is it the new HDI measurement brings some idiotic things which is making the rank poor?

Hdi has been counted using same three metrics since it's inception,

 

[ezsasa]

India and Iran signs bilateral deals on trade, customs, and healthcare.

View: https://x.com/IndianTechGuide/status/1920486365050859740

 

[ArjunMK1A]

India and Iran signs bilateral deals on trade, customs, and healthcare.

View: https://x.com/IndianTechGuide/status/1920486365050859740

Is it FTA?

 

[ezsasa]

Is it FTA?

MoUs it seems, not deal per say.

India, Iran sign MoUs on customs cooperation & medical products regulation​

View: https://youtu.be/mn4kUhgyOXs

 

[eastern_bhartiya]

Is it FTA?

I doubt we will pursue open FTA with Iran, give all the international sanctions

 

[ArjunMK1A]

I doubt we will pursue open FTA with Iran, give all the international sanctions

Agreed, but apparently we are still dealing with Rice exports, in the Quam Island SEZ. Seen lot of haryanvi, Tamil guys having import shops for grains. Looks like an silent trade going on these things.

 

[sameer]

Is it FTA?

Mostly some symbolism since their FM came here and something needs to be signed. Otherwise Iran has nothing to offer to us and probably don't have the money to buy anything from us as well.

 

[sauntheninja]

View: https://x.com/theupindex/status/1920782351115694509