Indian Economy

I made an interesting graphical summary of India's goods exports superimposed upon with crude oil prices. Shows how our crude oil prices have had a near direct impact on our export value, but we can see after 2022-end that despite falling crude oil prices our exports are stagnant (when ideally they should've shrunk) mainly because of rise in PLI-induced exports of non-petroleum goods (and non-gems and jewellery too).
1742843112989.webp
 
FalconSlayers said:
I made an interesting graphical summary of India's goods exports superimposed upon with crude oil prices. Shows how our crude oil prices have had a near direct impact on our export value, but we can see after 2022-end that despite falling crude oil prices our exports are stagnant (when ideally they should've shrunk) mainly because of rise in PLI-induced exports of non-petroleum exports (and non-gems and jewellery too).
View attachment 28395
Click to expand...
Surprised that this kind of analysis doesn't happen on Indian news sites, instead they report on what some random guy on some social media platform said.

PLI isn't a failure from central govt, state govt apparatus is a huge hurdle, particularly land acquisition. There is some strange agenda driven reporting going on about India's industrial policy, strange being that its both pro and anti when it comes to push for manufacturing.
 
eastern_bhartiya said:
Surprised that this kind of analysis doesn't happen on Indian news sites, instead they report on what some random guy on some social media platform said.

PLI isn't a failure from central govt, state govt apparatus is a huge hurdle, particularly land acquisition. There is some strange agenda driven reporting going on about India's industrial policy, strange being that its both pro and anti when it comes to push for manufacturing.
Click to expand...
We did this analysis a month back here first. No mediawallah picked up.
 
FalconSlayers said:
I made an interesting graphical summary of India's goods exports superimposed upon with crude oil prices. Shows how our crude oil prices have had a near direct impact on our export value, but we can see after 2022-end that despite falling crude oil prices our exports are stagnant (when ideally they should've shrunk) mainly because of rise in PLI-induced exports of non-petroleum goods (and non-gems and jewellery too).
View attachment 28395
Click to expand...

Electronics Export saving our asses in recent times. Otherwise it is Gems and Petroleum. Meanwhile PLI failed is bullshit.

2014, Micromax (then market leader) and Chinese Vendors were simply importing phones, Apple is nowhere in India and their phones like 5, 5c were coming from Foxconn China. The only big player mobile plant is Nokia in TN which is facing problem due to Tax issue. That plant produced Symbian Nokia phones. Windows Nokia were coming from Overseas.

Coming to 2025, all the major players have factories in India who are doing the assembly activity here in India. The value addition is low. But Indian companies were not known for global standards, thus it is taking time for them become the suppliers. It take time, but the objective is working. Compared to 2014 to 2025, we are having OSAT at various phases. Li battery manufacturing plant under construction. All of them were initiated with PLI schemes. We are also doing toys export which is dog shit back on 2014.

As for the missers concerned, the fine is getting levied. Expecting an fool proof policy is JNU 40 year old commie dream. But in reality policies were consistently updated on based on feedback.

Looks like Congress it cell wants to prove an point, Dalal media cannot differentiate an Tank an IFV. So expecting them to do these analysis is too much. Redditors were more or less temper tantrum women on Menstrual cycle. Couptaji is Couptaji, will swallow saliva and struggle to showcase truth.
 
ArjunMK1A said:
Happy birthday PM Mitra. You successfully entered 6th year.
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Instead of making fun of these programs and polices you have to continue doing these year after year, one after another.
If you step back just after having a scheme failed then you won't get anything done in manufacturing at all.​
 
concard said:
I thought Novo Nordisk already has a drug called Ozempic which is used to treat type 2 diabetes but it's happy side effect it also induces weight loss. Maybe these guys want a monopoly on the weight loss drugs given how many people are taking it these days.
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It causes severe muscle loss and weight loss as side effects
 
Migflug said:

View: https://x.com/IndianREI/status/1904057520907547017?t=Y-pjPJREsHgbh_iB-NYHEg&s=19
Click to expand...


I am definitely happy about this news and in fact cheering it slows down further. There was a time where you could buy a plot and build a house for less than 1 crore. Granted with inflation we can't do that today. But fucking hell these real estate scummy builders are selling matchbox houses for 1.5 crore to 2.5 crore today. You can't get a decent 2 BHK in the range of 1 crore - 1.5 crore in any tier 1 city. The total built up area is hardly 1,000 square feet.

There is shit loads of black money in real estate. We need these buggers to suffer and make them come down from their high pedestal and offer their inventory at reasonable prices. I hope this trend continues and people stop fearing FOMO and at best delay their purchases of new flats. I am seeing even societies which are 15 years old are quoting insane prices for resale flats which is simply outrageous. It is time for a shakeup in the Indian real estate industry.
 
concard said:
I thought Novo Nordisk already has a drug called Ozempic which is used to treat type 2 diabetes but it's happy side effect it also induces weight loss. Maybe these guys want a monopoly on the weight loss drugs given how many people are taking it these days.
Click to expand...
It seems like every Celebrity is on Ozempic these days.
 
concard said:
I am definitely happy about this news and in fact cheering it slows down further. There was a time where you could buy a plot and build a house for less than 1 crore. Granted with inflation we can't do that today. But fucking hell these real estate scummy builders are selling matchbox houses for 1.5 crore to 2.5 crore today. You can't get a decent 2 BHK in the range of 1 crore - 1.5 crore in any tier 1 city. The total built up area is hardly 1,000 square feet.

There is shit loads of black money in real estate. We need these buggers to suffer and make them come down from their high pedestal and offer their inventory at reasonable prices. I hope this trend continues and people stop fearing FOMO and at best delay their purchases of new flats. I am seeing even societies which are 15 years old are quoting insane prices for resale flats which is simply outrageous. It is time for a shakeup in the Indian real estate industry.
Click to expand...

Many people bought flats to rent out... but the increase in flat price was much steeper in comparison to increare in rent.

Also if the flats annual rent income is less than Bank FD rate... then why invest in a flat.

For Ex... a 2bhk flat worth 1 crore will fetch a rent of 25k per month in ranchi... that's only 3 lakh per annum. Fixed deposits give more than twice of that.
 
iNorthernerOn9 said:
Many people bought flats to rent out... but the increase in flat price was much steeper in comparison to increare in rent.

Also if the flats annual rent income is less than Bank FD rate why invest in a flat.
Click to expand...
Always go for land instead of flat no matter how costly the land is. Independent house on your land is much better than a flat any day.​
 
SKC said:
Always go for land instead of flat no matter how costly the land is. Independent house on your land is much better than a flat any day.​
Click to expand...

Second that.
 
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