Indian Economy

[GaudaNaresh]

It is inexcusable how filthy india looks. Every reel of indian streets make me cringe due to the garbage, thrown plastics, broken/encroached footpaths and grime. A smaller city like Indore which looks somewhat cleaner than most Indian cities, employs 11000 workers to keep the streets clean, many of which are hired through private contractors. Just image how many jobs you can create through waste management industry. Every city should minimally congregate garbage and burn them in incineration plants. Fancy recycling like western countries can come later once minimal cleanliness is achieved.

How Indore Became India’s Cleanest City (And How Others Can Follow)

Indore, Madhya Pradesh: Every morning, garbage vans across Indore play the celebratory song, “Indore hua hai number one (Indore has become number one),” sung by Bollywood singer Shaan in 2017, when...

www.indiaspend.com

This is a contentious issue. Mostly because garbage burning is a terrible idea in India itself. You all forget, the air in India, especially the north,is practically stagnant in winter. We suddenly get choked out by the choolha smoke of the poor people around us in the same city in december even as far away from stubble burning as Kolkata.
So to incinerate garbage on mass scale, you have to ship it to middle of nowhere in India, where our coal power plants are(coz you dont wanna be anywhere near it, living for 3 months a year every year.

Localized it will max happen at 1-5 cities, before they get choked out and nobody tries this.
I think garbage recycling to a degree has some industrial potential in India, but i am not an expert in the field. A shit ton of garbage in India is raw food waste. There's gotta be some easy pathway to composting it or bio-gasing it or something once its sorted from paper/plastic waste, which the latters you can fire up. But where, is the question.
Maybe centre needs to build a ginormous garbage waste incinerator in one of the nicobar islands and make a garbage pipeline from all the coastal cities to it at the very least, but thats one heck of an expensive option to burn plastic & paper and wood.

 

[GaudaNaresh]

That is not going to happen anytime soon. Infact even GoI wouldn't want that. Even Chinese have not attempted at doing that. First build your industrial capacity, make sure you are technologically self reliant which by the way will take 50 years of consistent effort. Mastering all the Jet Engine technology to Lithographic machines and plethora of other technologies is no small feat for any country. And once your population have reached middle income status then by all means play the big power game. Otherwise, it is a futile endeavor.

On one side it will be difficult to convince other countries to use your currency which will have no takers other than your own. And on other side you don't want your currency to appreciate rapidly which will hurt exports. Which ever way you look at it, you have no option but to use dollar for the time being. Strike the iron only when it is hot otherwise you will be simply wasting your time and energy without getting anything in return.

Exports hurting due to currency appreciation only works for export dominant markets like China or 1970s Japan. But once your internal consumption is at a healthy rate ( as in household spending as % of gdp), then currency appreciation is the fastest way to creating wealth, as exchange rate parity now gives households far bigger market power globally.
India is not going to succeed at the China model of industrial overcapacity. At least, i don't think so. I think India wishes to achieve market dominance/share of the pie in big ticket industries like pharma,chemicals, electronics and defence.
And nor is that a goal, because China's greatest economic structural weakness is its low household spending as % of GDP. It means China is dependent on trade to fuel its rise more than others and far less reliant on their households getting richer and spending more $$. India would want to be in a position of net trade surplus but not ' global annadaata of phactory goods' ala China. I think those days are over- China will still remain the top industrial capacity nation for our lifetime but supply chains will make secondary nodes in places like India, Vietnam, etc. that will be net exporters (ideally).

 

[haldilal]

SpiceJet’s turnaround strategy hinges on ₹3,200 crore fundraise - CNBC TV18

SpiceJet plans to raise ₹3,200 crore through a Qualified Institutional Placement to address its financial challenges. The airline aims to reduce debt, revive its grounded fleet, focus on international routes, and enhance ancillary revenue while optimising operations and human resources.

www.cnbctv18.com

 

[concard]

Exports hurting due to currency appreciation only works for export dominant markets like China or 1970s Japan. But once your internal consumption is at a healthy rate ( as in household spending as % of gdp), then currency appreciation is the fastest way to creating wealth, as exchange rate parity now gives households far bigger market power globally.
India is not going to succeed at the China model of industrial overcapacity. At least, i don't think so. I think India wishes to achieve market dominance/share of the pie in big ticket industries like pharma,chemicals, electronics and defence.
And nor is that a goal, because China's greatest economic structural weakness is its low household spending as % of GDP. It means China is dependent on trade to fuel its rise more than others and far less reliant on their households getting richer and spending more $$. India would want to be in a position of net trade surplus but not ' global annadaata of phactory goods' ala China. I think those days are over- China will still remain the top industrial capacity nation for our lifetime but supply chains will make secondary nodes in places like India, Vietnam, etc. that will be net exporters (ideally).

Bruh, have you missed basic economics 101 lessons? In order to become a developed economy you need to become a export led economy. Sure, all of us will gain some purchasing power when currency appreciates. But this will also make imports cheaper. A nation of billion people cannot become just a consumption led economy. It must also be a nation which produces manufactured goods for both domestic and international consumption.

 

[Indx TechStyle]

Forex reserves at all time high of around 684 billion USD.

https://www.rbi.org.in/scripts/WSSViewDetail.aspx?PARAM1=2&TYPE=Section

Must surpass Switzerland in 2-3 years for third spot in world.

 

[GaudaNaresh]

Bruh, have you missed basic economics 101 lessons? In order to become a developed economy you need to become a export led economy. Sure, all of us will gain some purchasing power when currency appreciates. But this will also make imports cheaper. A nation of billion people cannot become just a consumption led economy. It must also be a nation which produces manufactured goods for both domestic and international consumption.

Yes and no. Please read a bit more carefully what i said. I am not denying the role of 'export lead economy -->1st world status' pathway that is tried and tested for over 200 years.
I am saying, that Pathway is closed. The era of "britain/usa/korea/japan/post war germany/china' where one nation dominates consumer goods for a significant periods of time to create tremendous export revenues is over. For a few reasons:
1. The western deep state has learned it is not something they can 'handle' if a country as big as China or India follows the pathway, as then they become too big to handle for western deep state heirarchy.
2. China still has industrial overcapacity in consumer goods and almost all the falls in Chinese exports has to do with their shut-downs and import restrictions being applied to them, China isnt de-industrialising the way USA or western europe did in the 90s-2010s period.

These two factors combining means, for the foreseeable future, another China/Korea/Japan would not be allowed to happen. The pathway that is open to us, is the pathway Imperial germany took between 1800s-first world war: get industrialised by increasing local consumption,literacy,self sufficiency,etc. and try dont seek an export dominant route for wealth.

This is what atmanirbhar is all about - we are not trying to become commie russia by make everything substandard but we are also not expecting to become one fo the world's leading export dominant nations that would be in proportion to our size.
We are trying to play to our strengths : pharmaceuticals, IT and mid tier manufacturing ( automobiles) while planting our flag in blue chip industries like chip production.
The bulk majority of our growth is going to come from domestic consumption growth, that much, is a given.

 

[Vinash]

If these figures are true, this republic deserves to die a dog's death.


View: https://x.com/neha2180/status/1832820696096911568

 

[Miss Firing]

https://www.livemint.com/economy/listed-psus-to-give-firepower-for-indias-first-sovereign-wealth-fund-11725772857712.html

India's First Sovereign Wealth Fund In The Making, To Be Created By Pooling Centre's Shares Of State-Run Companies​

https://swarajyamag.com/news-brief/indias-first-sovereign-wealth-fund-in-the-making-to-be-created-by-pooling-shares-of-state-run-companies

The Narendra Modi government plans to establish India's first sovereign wealth fund by consolidating its holdings in publicly listed state-owned companies, according to Mint.

The fund will utilise both new and existing shares, collect dividends, attract strategic investors, and borrow against its shares to build its investment capital.

The initiative will involve transferring shares from listed public sector undertakings (PSUs) and the Specified Undertaking of the Unit Trust of India (SUUTI) to the new fund. SUUTI holds equity in various private companies.

This plan, which is still under discussion, could see a potential corpus of Rs 50 trillion from these companies, which would be used for both domestic and international investments.

 

[Suga]

If these figures are true, this republic deserves to die a dog's death.


View: https://x.com/neha2180/status/1832820696096911568

If something needs to be changed, change it yourself ,what’s the point in cussing.

 

[Vinash]

https://www.livemint.com/economy/listed-psus-to-give-firepower-for-indias-first-sovereign-wealth-fund-11725772857712.html

India's First Sovereign Wealth Fund In The Making, To Be Created By Pooling Centre's Shares Of State-Run Companies​

https://swarajyamag.com/news-brief/indias-first-sovereign-wealth-fund-in-the-making-to-be-created-by-pooling-shares-of-state-run-companies

The Narendra Modi government plans to establish India's first sovereign wealth fund by consolidating its holdings in publicly listed state-owned companies, according to Mint.

The fund will utilise both new and existing shares, collect dividends, attract strategic investors, and borrow against its shares to build its investment capital.

The initiative will involve transferring shares from listed public sector undertakings (PSUs) and the Specified Undertaking of the Unit Trust of India (SUUTI) to the new fund. SUUTI holds equity in various private companies.

This plan, which is still under discussion, could see a potential corpus of Rs 50 trillion from these companies, which would be used for both domestic and international investments.

Rs 50 trillion would roughly be $600 Billion. Not too bad. We'd be above Qatar's fund.

 

[Vinash]

If something needs to be changed, change it yourself ,what’s the point in cussing.

Change it how?

No political party is interested in merit. Every party only wants to appease sections based on number of votes and vote %.

 

[Suga]

Change it how?

No political party is interested in merit. Every party only wants to appease sections based on number of votes and vote %.

Who empowers them. Hindus and their complicity. I for one thinks we need Mao even with all of bad with him.

 

[Chandra]

If these figures are true, this republic deserves to die a dog's death.


View: https://x.com/neha2180/status/1832820696096911568

If the SC/ST fund is being used for the development of people living in the tribal belts. Like infrastructure development, small loans for businesses etc then it's most welcome.

Been to some of these tribal areas protected by SC/ST act. People can't even afford food there. No business or small industries. A large portion of the population barely surviving on free ration.

Yet many of these areas are dotted with heavy industries employing Engineers from Big cities & producing coal, iron & everything else for the rest of India.

The population is like a dead weight that literally has zero productivity & adds on to all the negative indices that are published about India.

 

[Aaj Ka Hero]

If these figures are true, this republic deserves to die a dog's death.


View: https://x.com/neha2180/status/1832820696096911568

Bhai, this is not of today this has been since that delusional QUOTA act, this acts could have been bifurcated into poor income people upliftment acts and Hindu aapsi sadhbhavna types of acts, promoting groups who were really trying to unite hindus, but alas, all those 70 years were a failure.

Even 2014 was a changing point but alas the new PM either didn't take it seriously or waited and here we are again. JAAT PAAT parties are again destroying everything.

 

[Aaj Ka Hero]

If the SC/ST fund is being used for the development of people living in the tribal belts. Like infrastructure development, small loans for businesses etc then it's most welcome.

Been to some of these tribal areas protected by SC/ST act. People can't even afford food there. No business or small industries. A large portion of the population barely surviving on free ration.
View attachment 8817
The population is like a dead weight that literally has zero productivity & adds on to all the negative indices that are published about India.

For that you have to thank PSUs and Congress for that, they themselves created these monsters who are pan India, then ofcourse they will work like pan India.

Jamshedpur types are always few.

Jokers just build colony and live inside like NOBLES who don't care about outside colony masses, I have seen this in NTPC and Coal India, even so called private companies too do this.

Perfect system, first congis cry private development looting, force and BEND private companies around their will, if no private company takes project then allow PSU inside the PROJECT who do the similar thing exactly which CONGRESS blames privates and BJP for.

I am not leaving Private companies too out here as they too do baniya giri if get contract for the project.

Nobody ever thought about CITIES BUILDING whenever a big company is set up.

It's always starts with, factory setup, then colony setup, roads and infrastructure build up for factory, colony, parks, etc. and then end.

 

[nixin]

If these figures are true, this republic deserves to die a dog's death.


View: https://x.com/neha2180/status/1832820696096911568

I think source might be this:
https://www.ncdhr.org.in/wp-content/uploads/2024/02/NCDHR-Budget-2024_2-Feb_Single-1.pdf


The total budget estimate this year is Rs. 51,08,780, outof which the allocation for SCs is Rs. 1,65,598 Crs and forSTs it is Rs. 1,21,023. It is important to note that, as perthe guidelines, it should have allocated 16.8% for Dalitsand 8.6% for Adivasis, but an allocation of 11.5% for SCsand 8.4% for STs was made.

Out of this total allocation, it is sad to note that onlyabout 3.1% of SCs and about 2.5% of STs actually havetargeted benefi ts for the community; the rest of themoney is notional.


They are also suggesting it's not enough.


Though this is also true:
https://www.thehindu.com/news/natio...-of-money-lost-in-transit/article65361028.ece courtesy our esteemed bureaucracy.

 

[TopWatcher]

For that you have to thank PSUs and Congress for that, they themselves created these monsters who are pan India, then ofcourse they will work like pan India.
Jamshedpur types are always few.
Jokers just build colony and live inside like a NOBLES who don't care about outside colony masses, I have seen this in NTPC and Coal India, even so called private companies too do this.

Perfect system, first congis cry private development looting then force PSU inside who do the similar thing exactly.

Nobody ever thought about CITIES BUILDING whenever a big company is set up.

It's always starts with, factory setup, then colony setup, roads and infrastructure build up for factory and colony and then end.

For that we need to remove khangress system from this country.

Our new masters are Khangress and previously was east india company.

If we need to become developed nation, we need to uproot khangress system and its owners.

 

[ezsasa]

If these figures are true, this republic deserves to die a dog's death.


View: https://x.com/neha2180/status/1832820696096911568

i'll not get into numbers since they seem to have come from some activist group, will just focus on general principle.

when the state leaves a vacuum in the govt services it is supposed to provide, it creates a situation for civil society groups to present themselves as saviours to vulnerable population in those geographies. in our case, historically this has been aggressively exploited by dacoit gangs, smugglers, communists, islamists and churches. longer the delay, costlier and difficult it gets to reverse the damage in those geographies.

temptation would be to respond with recent examples and events in current affairs, but ideally a bit of long overview would be needed atleast since 1947. NE and naxal belt being prime examples.

either deal with it now, or be ready to invest much more resources, sweat and even blood later.

there are no comfort giving answers in this scenario.

 

[crazywithmath]

If these figures are true, this republic deserves to die a dog's death.


View: https://x.com/neha2180/status/1832820696096911568

SC/ST budget is close to 2.98 lakh crores (165493 crore for SCs, 132214 crore for STs). But SC/ST welfare is not what you think it is (that term is a political gimmick). For instance,

Allocated Rs. 1,543 crore from SC fund and Rs. 597 Cr from ST fund amounting to a total of Rs. 2,140 crore from the SC/ST welfare fund for schemes like Compensation to Service Providers for creation and augmentation of telecom infrastructure.

The Modified Program for Development of Semiconductors and Display Manufacturing Ecosystem in India diverts Rs. 573 crore from SC fund and Rs. 462 crore from ST fund with a total Rs. 1,035 crore.

Rs. 508 crore from SC fund and Rs. 410 crore from ST fund diverted to large scale manufacturing companies under Production linked Incentive for Large Scale Electronics Manufacturing.

A grand total of Rs. 22,052.15 crore given to importers and manufacturers which has no relation to development of SCs/STs through schemes like Subsidy for Import and Indigenous Manufacturing of Urea and Other Fertilizers Phosphorus and Potassium”. Rs. 14,356 crore diverted from SC fund and Rs. 7,696.15 Cr diverted from the ST fund.

Also,

At the beginning of her speech, the finance minister announced that the allocation for education, employment and skilling was Rs 1.48 lakh—a look at the finance ministry’s ‘Key Features’ document makes it clear that of this, Rs 1.25 lakh crore is the provision for education alone.

So definitely not 73k crores!

i'll not get into numbers since they seem to have come from some activist group, will just focus on general principle.

This is not even the wildest claim they have made. Quoted Twitter users have a history of cooking up numbers to propagate certain narratives.

 

[Cheepek]

If these figures are true, this republic deserves to die a dog's death.


View: https://x.com/neha2180/status/1832820696096911568

Education, health are state subjects. The figures are misleading