Indian Economy

[Tibarn]

any good source on how it is calculated and what it indicates?

I made it from RBI data

Reserve Bank of India - Handbook of Statistics on Indian States

Net State Value Added (NSVA):

• This measure subtracts depreciation from the gross value added.
• It represents the true addition to the economy after accounting for the consumption of fixed capital.
• NSVA = GSVA - Depreciation (Consumption of Fixed Capital)

 

[Wolfie]

If quint is saying something is bad then it's good

Not always, you need forest too, this kind of voices can help in developing forest in another strech, whatever their motive is they provide a look at your problem

 

[Cheepek]

View: https://twitter.com/IndianTechGuide/status/1814510367114207407

No one can be more harami than ambanis
Zero innovation
Zero contribution to local technology or manufacturing
Although adani has his own share of baniyagiri but still 1000 times better than ambanis

All companies from all around the world are welcome in India, subject to Indian laws and regulations.

 

[angryindian]

Another day another self goal

 

[darkflame]

https://www.business-standard.com/e...e-sub-assemblies-a-leg-up-124071901111_1.html

Rs 35K cr electronic parts PLI plan afoot to give sub-assemblies a leg up​

 

[darkflame]

https://m.economictimes.com/news/ec...85-bn-as-on-july-12/articleshow/111863635.cms

India's forex reserves jump to a new record high of $666.85 bn as on July 12​

 

[fire starter]

Then this bastard will blame Gujarat for taking away all the investments.

View: https://x.com/Lolflix_/status/1814912002558472371?t=Wm-WKCzj1f58taiXTJr_7Q&s=19

 

[SammyBoi]

View: https://twitter.com/IndexofGujarat/status/1815016426085962203

Heavy Engineering goes brrrr....

 

[ezsasa]

is there demand for single engine civilian helicopters in India ?
======
Marignane, France: The European multinational aerospace company Airbus will launch its first assembly line for the single-engine H 125 helicopter in India.

Marignane, France: The global major Airbus will start work to set up the Final Assembly Line (FAL) for the H-125 helicopter in India with its Indian partner Tata.Executive Vice President Global Business at Airbus Helicopters, Olivier Michalon says, "...We have identified 8 sites in India till now and we are currently assessing it... We will be in a position to announce the final location shortly..."


View: https://x.com/ANI/status/1814911712287727830

 

[Azaad]

AM Naik: The Man who built Tomorrow

Discover the extraordinary leadership journey of AM Naik in this insightful book by Priya Kumar and Jayaram N. Menon.

www.thehindubusinessline.com

 

[jadoogar]

Structural surplus (price effects); won't be sustained this fiscal.

There is in fact, a contentious theory explaining why a sustained current account surplus is damaging for an emerging economy and the explanation is complex (folks were fighting over it on SM, hehe) - the erstwhile Asian tigers were notable exceptions.

A summary of the said theory;

Unless the "developed" country lets their currency fall it becomes a yearly affair. So now Cheen is accumulating vast foreign currency reserves ($, Euro, ... ). And we know how it is ending.... especially with a malignant and hostile power accumulating all this money that they can use for manipulation etc

So cheen workers consume less... but cheen accumulates power

for consuming countries - the trinklet from cheen is in a landfill but the debt remains....

 

[abdus salem killed]

Oil India Signs Contract With Norwegian Firm For Drilling In Andaman Offshore Blocks

Oil India Limited (OIL) has entered into a contract with Norway's Dolphin Drilling Limited for the hiring of the 'Anchor Moored Semi-Submersible Drilling Unit Blackford Dolphin'.

in.benzinga.com

 

[haldilal]

1 .

Fidelity-backed Colt DCS to invest Rs 8,500 cr in Navi Mumbai hyperscale data centre

The Fidelity Investments-backed global data centre solutions firm will set up the new 100 MW data centre adjacent to its existing operational data centre that has nearly 25 MW capacity in Airoli, making it a hyperscale and enterprise solution data centre campus.

economictimes.indiatimes.com

2 .

Tata Power to invest ₹20,000 crore capex in FY25

Tata Power to invest ₹20,000 crore in FY25 for renewable energy, transmission, distribution, and potential nuclear reactor projects.

www.thehindu.com

3 .

ESR leases out 48,800 sq ft industrial space to UPM Raflatac in Navi Mumbai’s Taloja

UPM will be utilising this space in ESR Taloja Industrial & Logistics Park to serve its growing customer base in India and achieve higher efficiency in their operations.

m.economictimes.com

4 .

Mumbai: Bharat Agri Fert & Realty Eyes ₹800 Crore Revenue From New Housing Project In MMR

Bharat Agri Fert & Realty Ltd expects Rs 800 crore revenue from its new housing project in Mumbai Metropolitan Region (MMR). In a statement on Tuesday, the company said it has launched a high-rise tower, Wembley-24 in Majiwada, Thane comprising 457 residential flats.

www.freepressjournal.in

5 .

Panasonic Avionics Opens Software Facility in Pune

Panasonic Avionics opens a new software design and development facility in Pune, India, to support the development and delivery of IFEC solutions. The facility employs over 200 skilled engineers and will accelerate the company's software development capabilities.

money.rediff.com

6 .

Godrej Properties expands in Pune with INR 1,800 crore land acquisition

Your description

www.propnewstime.com

7 .

Henkel further invests in its largest Indian manufacturing facility

PRNewswire Pune (Maharashtra) [India], July 18: Henkel Adhesives Technologies India Private Limited (Henkel India) announced the completion of Phase III of its manufacturing facility in Kurkumbh, near Pune, Maharashtra. The Kurkumbh site, which was launched in 2020, serves the growing demand of...

theprint.in

8 .

Rs 5,000 cr project To come up on 250 acre land donated by Minister Atram

The bhoomipujan ceremony for the new steel plant of Surjagad Ispat will take place at Wadlapeth village in Aheri tehsil on July 17. The steel plant will be established on a 250-acre private land donated by Minister Dharmraobaba Atram. The event will be graced by Deputy Chief Ministers Devendra...

www.google.com

9 .

Japan's Shinryo to acquire GMP Technical Solutions

Shinryo Corporation, a $1.7 billion Japanese group, will acquire GMP Technical Solutions Private Limited, Indias second-largest player in the Cleanroom business, as announced in a company release. GMP Technical Solutions, based in Mumbai, is a Rs 3,00 crore company focused on manufacturing...

m.economictimes.com

10 .

Zensar Technologies to buy US firm BridgeView Life Sciences

Pune-based Zensar Technologies said in a statement, “This strategic move strengthens Zensar's Healthcare and Life Sciences (HLS) vertical and expands its pharma commercial and product launch expertise." The company is part of the $4.8 billion conglomerate RPG Group, has a total services revenue...

economictimes.indiatimes.com

11 .

Spark Minda Tech Centre to shift base to Hinjewadi this year, hire new software engineers | ET Auto

Spark Minda, which inaugurated its technical centre- Spark Minda Technical Centre (SMIT)- in 2018 in Chakan, Pune, is looking to shift the base to Hinjewadi b..

auto.economictimes.indiatimes.com

12 .

FGI Industries to Set New Milestones with Company Expansion in India

FGI Industries to Set New Milestones with Company Expansion in India - FGI Industries has declared its official opening in Indian market . This tactical move underscores...

www.siliconindia.com

 

[SKC]

Economic Survey 2023-24 is out.

Complete report!



View: https://x.com/narendramodi/status/1815368926240632983

 

[SKC]

 

[Azaad]

Army tanks to be manufactured in MP soon, CM Yadav says at industry conclave – Indian Defence Research Wing

idrw.org

CM Mohan Yadav has made announcements from f huge investments in MP especially Jabalpur & Chhindwara , brozzer. @Nutcracker

Ofcourse this being IDRW we can't be sure but still ...Dil Ko behelane ke liye ...et al

 

[SKC]

Here are the top 100 points extracted from the Economic survey report using #ChatGPT

1. UP registered the largest decline in the number of poor, with 5.94 crore people escaping multidimensional poverty in the last nine years .

2. Bihar followed with 3.77 crore people escaping multidimensional poverty .

3. MP saw 2.30 crore people escape multidimensional poverty .

4. Rajasthan saw 1.87 crore people escape multidimensional poverty .

5. The decline in poverty HCR was faster between 2015-16 and 2019-21 than from 2005-06 to 2015-16 .

6. The Household Consumption Expenditure Survey (HCES) 2022-23 shows reduced inequality and rising consumption spending .

7. MPCE increased in real terms by 40% in rural areas and 33.5% in urban areas over 2011-12 .

8. The Gini coefficient declined from 0.283 to 0.266 for the rural sector and from 0.363 to 0.314 for the urban sector .

9. The rural-urban divide has declined, with the difference in MPCE falling from 83.9% in 2011-12 to 71.2% in 2022-23 .

10. The consumption of the lowest 5% of the MPCE population grew faster than the top 5%, indicating a decline in economic inequality .

11. The MPCE/PCI ratio increased for all consumption classes except the top 5% in rural India and the top 10% in urban India .

12. Positive yearly growth in MPCE for the bottom 5% fractile was higher than the top 5% fractile .

13. The world is in the midst of a fourth industrial revolution characterized by cyber-physical systems, IoT, big data, nanotechnology, and networks【4:0†echapter.pdf】.

14. Emerging forms of machine learning, AI, blockchains, genetic engineering, quantum computing, advanced analytics, automation, and advanced manufacturing technology define this revolution【4:0†echapter.pdf】.

15. Technological advancements are leading to a growing demand for tech-savvy professionals trained in big data, AI, machine learning, cybersecurity, cloud computing, etc.【4:0†echapter.pdf】.

16. The fastest-growing jobs in the next five years will be AI and machine learning specialists, sustainability specialists, business intelligence analysts, and information security specialists【4:0†echapter.pdf】.

17. The largest absolute growth in jobs is expected in education, agriculture, and digital commerce【4:0†echapter.pdf】.

18. The biggest disruption for the future of work is the accelerated growth in AI【4:0†echapter.pdf】.

19. AI is being recognized as a general-purpose technology like electricity and the internet【4:0†echapter.pdf】.

20. Routine tasks, including customer service, will likely witness a high degree of automation due to AI【4:0†echapter.pdf】.​

 

[SKC]

21. Creative sectors will see extensive usage of AI tools for image and video creation【4:0†echapter.pdf】.
22. Personalized AI tutors can reshape education【4:0†echapter.pdf】.
23. The healthcare sector can witness accelerated drug discovery with AI【4:0†echapter.pdf】.
24. The Research and Information System for Developing Countries (RIS) suggests the need for an Inter-Agency Coordination Authority for AI .
25. This authority would guide research, decision-making, policy planning on AI, and job creation .
26. AI will create more jobs but may have a negative short-term impact .
27. To counter the negative short-term impact of AI, there is a need to invest in capacity building, upskilling, training, and policies to ensure low-skilled workers do not suffer job losses .
28. AI has made significant growth in agri-tech, industry & automotive, healthcare, BFSI, and retail sectors in India .
29. India registered the most significant increase in foreign exchange reserves holdings in FY24 .
30. India's forex reserves are adequate from a cross-country perspective .
31. The Rupee/USD exchange rate volatility has been managed effectively .
32. Net purchases and sales of foreign currencies by RBI show a positive trend .
33. The Index of 40-Currency NEER and REER shows a stable movement .
34. India has a stable external debt position with favorable vulnerability indicators .
35. India's primary energy supply mix in 2022-23 and installed power capacity in 2024 show a diverse fuel source distribution .
36. The energy flow in India is effectively managed .
37. India aims to achieve the NDC commitment by 2030 through targeted emissions reductions .
38. Land per capita in India is the lowest among the G20 countries .
39. The geographical distribution of critical mineral global supply chains shows India's strategic position .
40. India's refined material production share has increased between 2020 and 2023 .​

 

[SKC]

41. The geographical concentration of Magnet rare earths has evolved over the years .
42. Annual CSR spending in India shows a positive trend .
43. Total CSR spent by the top five states in FY 22 is substantial .
44. There is a notable decline in multidimensional poverty .
45. Deprivations across the multidimensionally poor population have decreased .
46. Government health expenditure and out-of-pocket expenditure as a percentage of total health expenditure show a positive trend .
47. Social security expenditure and private health insurance expenditure as a percentage of total health expenditure have increased .
48. Total student enrollments in higher education have risen .
49. Enrollment in higher education institutions has grown between 2014-15 and 2021-22 .
50. Gross expenditure on R&D has increased .
51. Contribution to high-quality research papers by top ten countries in the Nature Index shows India's academic excellence .
52. The participation of government, business enterprise, and higher education sectors in R&D is significant .
53. The composite indicator of rural activity shows positive growth .
54. The ratio of MGNREGA fund released to states and the proportion of their poor population is equitable .
55. The unemployment rate and MGNREGA fund released in FY 2022-23 show a positive correlation .
56. There is a notable comparison of per-capita incomes and notified wage rates .
57. India's progress in SDGs is commendable .
58. State/UT wise performance on the SDG India Index shows regional progress .
59. Annual labor market indicators show improvement .
60. The quarterly urban employment rate is declining .​

 

[SKC]

61. The distribution of workers by broad industry division in 2022-23 shows sectoral diversity .
62. There is a positive trend in broad category-wise employment status .
63. The share of the female workforce in self-employment is increasing .
64. Youth employment indicators show positive growth .
65. Rural India drives the rise in female labor force participation rate .
66. Employment in the organized manufacturing sector is on an upward trend .
67. The trend in employment per factory shows positive growth .
68. Wages per worker are growing .
69. The top six states in the number of factories and employment show regional industrial strength .
70. The top six states in five years growth in employment in factories show dynamic growth .
71. Smaller factories predominate, while larger factories generate a bigger chunk of employment .
72. Larger factories drive employment growth .
73. The contribution of large, medium, and small firms to employment in factories is substantial .
74. The trend in employment by activity shows positive growth .
75. India ranks third in the production of world-class research .
76. The proportion of poor children aged 0-4 years has declined in rural areas .
77. Rural and urban deprivations have reduced across dimensions .
78. Progress in public health infrastructure is commendable .
79. The increasing number of ABHA IDs generated and beneficiaries under PMJAY shows healthcare outreach .
80. The reduction in U5MR across states/UTs shows improved child health .​