Indian Economy

[bakofbakchod]

Elon Musk ghosts India on new Tesla factory investment

Musk’s team hasn’t made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India in late April, sources said.

fortune.com

Time to say no to starlink too then

 

[SKC]

Elon Musk ghosts India on new Tesla factory investment

Musk’s team hasn’t made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India in late April, sources said.

fortune.com

Time to say no to starlink too then

 

[crazywithmath]

Lel, Tai is a clown;

Embarrassment of riches? Govt halts monthly GST releases as high collections 'creating resentment'

July 2024 was first time no official release on GST collections was issued. Collections were Rs 1.74 lakh crore in June & average collections this fiscal yr are highest ever, it is learnt.

theprint.in

Perks of appointing lamp posts as cabinet Ministers: Exhibit 27383936

 

[SKC]

Lel, Tai is a clown;

Embarrassment of riches? Govt halts monthly GST releases as high collections 'creating resentment'

July 2024 was first time no official release on GST collections was issued. Collections were Rs 1.74 lakh crore in June & average collections this fiscal yr are highest ever, it is learnt.

theprint.in

Perks of appointing lamp posts as cabinet Ministers: Exhibit 27383936

We are only to be blamed here!

If we have high collection, then its problem and if we have low collection then also it's a problem.

 

[crazywithmath]

We are only to be blamed here!

If we have high collection, then its problem and if we have low collection then also it's a problem.

It is a very important economic indicator. Tai is shying away from publishing it because she fears online backlash from IT celliyas/opposition - textbook definition of a weak incompetent detestable office bearer.

Now get ready for an arrogant defense at her next PC.

 

[SKC]

Top 5 Indian States in GDP:

1. Maharashtra- $510 billion
2. Tamil Nadu - $378 billion
3. Karnataka- $337 billion
4. Gujarat - $334 billion
5. Uttar Pradesh - $300 billion

(Source- PRS Budget Analysis)


View: https://twitter.com/IndianTechGuide/status/1809177329752592759

 

[Hari Sud]

Top 5 Indian States in GDP:

1. Maharashtra- $510 billion
2. Tamil Nadu - $378 billion
3. Karnataka- $337 billion
4. Gujarat - $334 billion
5. Uttar Pradesh - $300 billion

(Source- PRS Budget Analysis)


View: https://twitter.com/IndianTechGuide/status/1809177329752592759

Could somebody define GSDP….

 

[Nutcracker]

Could somebody define GSDP….

Same as GDP , just for states.
Gross "State" Domestic Production

 

[DingDong]

Elon Musk ghosts India on new Tesla factory investment

Musk’s team hasn’t made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India in late April, sources said.

fortune.com

Time to say no to starlink too then

Starlink not happening, not under the current government, not under the next one.

There is absolutely no chance of Starlink setting up a shop here in India. Communication is a strategic sector, and the GoI will prioritize national security, regulatory compliance, and citizens' privacy over the economic aspects.

If Elon Musk wants to link Starlink with other investments here in India (which I suspect he does), the Indian top bureaucracy will make him eat crow. He really thinks that he is a great negotiator?

 

[concard]

I am neither in favor of star link which is useless in India anyway nor in favor of Tesla investment. Who uses Star link exactly in India? Just to remind the members here Star link is meant for rural internet connectivity. The charges for Star link in USA are as follows.

Starlink Internet Review: Low Satellites, High Pricing

Satellite internet sets a low bar when it comes to speed, latency and data allowances, but Starlink raises it enough to make it worth the high cost.

www.cnet.com

Even the upper middle class will not pay such outrageous prices for internet access in India. If Starlink reduces prices for India, how much can they reduce? If they reduce it to the level of Internet service providers or Telecom providers then it is of no use. People already get Internet access through Telecom providers in rural areas for cheap prices. Starlink makes no difference to the Indian market, they can't provide their services for Indian prices as it's expensive to maintain thousands of satellites in orbit.

The same goes for Tesla. They can't at the moment make cheaper cars. Musk who used to call Hydrogen fuel cells as fool cells is now thinking of making Hydrogen cars.

Tesla Unveils Plan For First Hydrogen-Powered Vehicle, Model H By 2026

Elon Musk announces a surprising shift for Tesla to hydrogen power by 2026, aiming to diversify and innovate in the competitive electric vehicle market.

www.drivespark.com

There is still a question mark with respect to electric cars as the raw material availability is still a problem for car makers. They may survive in the market but with green hydrogen production gaining steam in many countries, market for electric cars will slow down if the auto makers want to make hydrogen cars. This ofcourse will depend on hydrogen refueling infrastructure.

 

[SKC]

I am neither in favor of star link which is useless in India anyway nor in favor of Tesla investment. Who uses Star link exactly in India? Just to remember the members here Star link is meant for rural internet connectivity. The charges for Star link in USA are as follows.

View attachment 1456

Starlink Internet Review: Low Satellites, High Pricing

Satellite internet sets a low bar when it comes to speed, latency and data allowances, but Starlink raises it enough to make it worth the high cost.

www.cnet.com

Even the upper middle class will not pay such outrageous prices for internet access in India. If Starlink reduces prices for India, how much can they reduce? If they reduce it to the level of Internet service providers or Telecom providers then it is of no use. People already get Internet access through Telecom providers in rural areas for cheap prices. Starlink makes no difference to the Indian market, they can't provide their services for Indian prices as it's expensive to maintain thousands of satellites in orbit.

The same goes for Tesla. They can't at the moment make cheaper cars. Musk who used to call Hydrogen fuel cells as fool cells is now thinking of making Hydrogen cars.

Tesla Unveils Plan For First Hydrogen-Powered Vehicle, Model H By 2026

Elon Musk announces a surprising shift for Tesla to hydrogen power by 2026, aiming to diversify and innovate in the competitive electric vehicle market.

www.drivespark.com

There is still a question mark with respect to electric cars as the raw material availability is still a problem for car makers. They may survive in the market but with green hydrogen production gaining steam in many countries, market for electric cars will slow down if the auto makers want to make hydrogen cars. This ofcourse will depend on hydrogen refueling infrastructure.

His companies and products are tailored for West and China. None of his business make any sense in price and feature sensitive country like India.

 

[Wolfie]

His companies and products are tailored for West and China. None of his business make any sense price and feature sensitive country like India.

Most products are built around consumption centric economy

 

[FireStar]

View: https://x.com/Indra2025/status/1809177650394501310

 

[DingDong]

View: https://x.com/Indra2025/status/1809177650394501310

Hasn't the Indian GDP crossed the 4 Trillion USD mark already? What am I missing out here?

 

[sameer]

Hasn't the Indian GDP crossed the 4 Trillion USD mark already? What am I missing out here?

Its somewhere in the ballpark of ~$3.56T per the most recent data.
Nominal GDP was ~295 Lakh Crs at the end of march. Dividing that by ~83 will give you the above figure.

Provisional Estimates of Annual GDP for 2023-24 And Quarterly Estimates of GDP for Q4 of 2023-24

The National Statistical Office (NSO), Ministry of Statistics and Programme Implemen

pib.gov.in

 

[angryindian]

GDP per capita 2024

 

[haldilal]

View: https://twitter.com/haldilal/status/1809429565510676731


View: https://twitter.com/haldilal/status/1809434092515037568

 

[haldilal]

1 .

JNPA reports 11% traffic growth in Q1FY25

JNPA handled 567,392 TEUs in June 2024, an increase of 19% year-on-year

www.itln.in

2 .

L&T bags $4 billion contracts from Saudi Aramco for gas projects | Indiablooms - First Portal on Digital News Management

L&T has bagged contracts exceeding $4 billion for two gas projects.

www.indiablooms.com

3 .

Natural Environment Solutions enters Indian data centre industry with 5 MW facility in Pune

Going forward, NES plans to scale up to over 100 MW of data centre capacity across India in the next three years, capitalising on the country's booming digital infrastructure and regulatory support for data centre investments, a company statement said.

www.zeebiz.com

4 .

Italian Electric Two-wheeler Brand VLF Announces Grand Entry into Indian Market with Manufacturing Hub in Kolhapur, Maharashtra - www.lokmattimes.com

Italian Electric Two-wheeler Brand VLF Announces Grand Entry into Indian Market with Manufacturing Hub in Kolhapur, Maharashtra - NewsVoir Kolhapur (Maharashtra) [India], July 6: Italian electric two-wheeler brand VLF, founded by renowned designer Alessandro Tartarini in 1993, ... Get Latest...

www.lokmattimes.com

5 .

Triumph 400 twins get anniversary discount as they cross the 50,000 sales milestone | Autocar Professional

The Speed 400 and Scrambler 400X, have sold over 50,000 units in just one year since their launch. This includes numbers from over 50 countries where they were exported.

www.autocarpro.in

6 .

India's Blue Jet Healthcare up after starting manufacturing at plant

The XM Research Desk, manned by market expert professionals, provides live daily updates on all the major events of the global markets in the form of market reviews, forex news, technical analysis, investment topics, daily outlook and daily videos.

www.xm.com

7 .

Larsen & Toubro Shares in Focus As Company Bags Project from ONGC

Larsen & Toubro (L&T) on Monday said it has bagged a 'significant order' from Oil & Natural Gas Corporation (ONGC). , Companies News - Times Now

www.timesnownews.com

8 .

https://www.hindustantimes.com/real-estate/icici-prudential-amc-purchases-commercial-office-space-in-mumbais-santacruz-for-rs-315-crore-101719836752042.html

9 .

Ghodawat Retail aims to be India’s largest rural retailer, open 3,000 stores by FY29: Shrenik Ghodawat - India Retailing

Shrenik Ghodawat, Director, Ghodawat Retail Ltd. and managing director, Ghodawat Consumer Ltd., Sanjay Ghodawat Group, speaks about fulfilling the aspirations of real Bharat that lives in tier 4 and beyond Nestled in the small town of Jaysingpur in the Kolhapur district of Maharashtra, is the...

www.indiaretailing.com

10 .

Emcure Pharmaceuticals IPO booked nearly 68 times so far on Day 3. Check GMP and other details

Emcure Pharmaceuticals IPO sees strong demand with oversubscription. Anchor investors include top names. Company engaged in global pharmaceutical products. Revenue growth and plans for debt payment outlined. Book-running lead managers identified.

m.economictimes.com

11 .

Privi Speciality Chemicals to invest in Privi Fine Sciences

Privi Speciality Chemicals Limited is exploring a strategic investment in PFSPL by

www.indianchemicalnews.com

12 .

Bajaj Auto launches world's first CNG bike, Freedom 125. Check price, mileage and other features

India's Bajaj Auto has launched the world's first compressed natural gas (CNG)-powered two-wheeler, the Freedom 125, in Pune. The entry-level vehicle, likely priced at Rs 95,000, aims to shake up the motorcycle market. CEO Rajiv Bajaj praised the bike as an avatar of freedom and freedom from...

economictimes.indiatimes.com

 

[warriorextreme]

Gadkari Inaugurates India's Largest Medical Equipment Manufacturing Unit by HORIBA in Nagpur​

Gadkari Inaugurates India's Largest Medical Equipment Manufacturing Unit by HORIBA in Nagpur | Business

Nitin Gadkari, the Union Minister of Road and Transport, inaugurated India's largest medical equipment and haematology reagent manufacturing unit by HORIBA India in Nagpur. This facility aims to serve over 30,000 diagnostic labs and hospitals across India, supporting the Make in India initiative.

www.devdiscourse.com

Google Will Export Make In India Pixel 9 Phones To Europe, USA​

Google Will Export Make In India Pixel 9 Phones To Europe, USA - Trak.in - Indian Business of Tech, Mobile & Startups

After Apple, Google is set to start manufacturing its Pixel smartphones in India, with plans to export them to Europe and the US. According to a report by Moneycontrol, Google’s move aligns with its launch of the Pixel 9 series in India on August 13. Production Details Google has initiated...

trak.in

 

[Nutcracker]

Govt should not let a single apartment be built on this land. Just nationalise it before they reach for any arbitration and kick these British drug dealer puppet family out.

Godrej Split: Godrej & Boyce to hold exclusive construction right over Godrej land bank

The former will lead Godrej Industries Group, comprising listed companies, including Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd and Astec Lifesciences Ltd. 75-year-old Jamshyd Godrej will lead Godrej Enterprises, which comprises Godrej & Boyce...

m.economictimes.com