Indian Economy

[Wayfarer]

880 tonnes and counting: Why RBI keeps buying gold despite India’s 7th-largest reserves

Amid global economic uncertainties, central banks are increasing gold reserves for stability. The Reserve Bank of India significantly boosted its gold holdings, purchasing 57.5 tonnes in FY24-25 and repatriating 214 tonnes since 2022. This strategic move aims to hedge against dollar volatility...

economictimes.indiatimes.com

 

[DancingPeacock]

880 tonnes and counting: Why RBI keeps buying gold despite India’s 7th-largest reserves

Amid global economic uncertainties, central banks are increasing gold reserves for stability. The Reserve Bank of India significantly boosted its gold holdings, purchasing 57.5 tonnes in FY24-25 and repatriating 214 tonnes since 2022. This strategic move aims to hedge against dollar volatility...

economictimes.indiatimes.com

Is it gonna happen?

 

[Wayfarer]

Is it gonna happen?

What?

 

[shade2]

Is it gonna happen?

They are doing this since 2-3 years, not related to the current happenings.
Part of a long term play because in future chong will grab taiwan and the global economy and security scenario will go to shit, lots of other countries are also hoarding gold within their national borders.

RBI is also repatriating gold held in foreign banks slowly-slowly

 

[SKC]

GST Data: April total GST collections at Rs 2.37 lk cr, up 12.6% YoY (Agencies)​

View: https://x.com/ETNOWlive/status/1917880448497209838

 

[karn]

View: https://www.youtube.com/watch?v=yPxMlJXE0_g&ab_channel=DelhiDefenceReview

A good listen by Saurav Jha ...
He is saying that the trade war is a golden chance to finally get on the path to being an industrialised nation.
He also says that it is our last chance as well. (Due to demographics and other rising competition)
Terms like "We are at the cusp of destiny" are used.

 

[karn]

View: https://www.youtube.com/watch?v=bdsJWyu4J9Y&ab_channel=Mint

 

[shade2]

View: https://www.youtube.com/watch?v=bdsJWyu4J9Y&ab_channel=Mint

The more they pull stunts like this the more Apple is motivated to move production out of Chyna.

The whole point of Chyna is irrespective of any geopolitical happenings they don't touch your dhandho operations, till now that is.

Like their wolf warrior "diplomacy" blew up in their face this will too.

 

[vampyrbladez]

Bihar caste kangers with $806 per capita income.

 

[crazywithmath]

 

[karn]

View attachment 32809

Would really appreciate the original source or did you put this together ?

 

[crazywithmath]

Would really appreciate the original source or did you put this together ?

Nomura did this compilation - nothing new, tbh. Just a compilation of news articles.

 

[karn]

People seem to be very hype about India.

View: https://www.youtube.com/watch?v=JcBhfJ8tJ1g&ab_channel=BloombergPodcasts

I would like to point out that we are at the same GDP level today that china was at in 2008 (not a one one comparison for sure but) I cant help but see the parallels.

 

[randombully]

People seem to be very hype about India.

View: https://www.youtube.com/watch?v=JcBhfJ8tJ1g&ab_channel=BloombergPodcasts

I would like to point out that we are at the same GDP level today that china was at in 2008 (not a one one comparison for sure but) I cant help but see the parallels.

PPP OF china in 2008= 8.57 trillion dollars.
Inflation adjusted= 12.4 trillion dollars.

PPP OF India in 2025= 17.5 trillion dollars.
30% more than China's inflation adjusted ppp in 2008.

Chinese inflation adjusted PPP reached 17.5 trillion dollars in 2014.



Our growth represntation in dollars makes our growth look less than it actually is.

Majority of the money spent by gov. Is inside the country.


Our current 4.3 trillion gdp is equivalent to chinese gdp in 1995, whose inflation adjusted value is 4-4.4 trillion dollars today.

And our current 17.5 trillion ppp gdp is equuivalent to chinese ppp gdp of 2014.


Our gdp in dollar terms is only 24% of our ppp gdp.
Chinese gdp in dollar terms is 50% of their ppp gdp.

 

[randombully]

PPP OF china in 2008= 8.57 trillion dollars.
Inflation adjusted= 12.4 trillion dollars.

PPP OF India in 2025= 17.5 trillion dollars.
30% more than China's inflation adjusted ppp in 2008.

Chinese inflation adjusted PPP reached 17.5 trillion dollars in 2014.



Our growth represntation in dollars makes our growth look less than it actually is.

Majority of the money spent by gov. Is inside the country.


Our current 4.3 trillion gdp is equivalent to chinese gdp in 1995, whose inflation adjusted value is 4-4.4 trillion dollars today.

And our current 17.5 trillion ppp gdp is equuivalent to chinese ppp gdp of 2014.


Our gdp in dollar terms is only 24% of our ppp gdp.
Chinese gdp in dollar terms is 50% of their ppp gdp.

PPP GDP tells you how much a country can do inside its borders.

Dollar GDP tells you how powerful a country is in foreign trade, finance, and currency influence.

But real economic power — the ability to build, mobilize, develop, and sustain influence — often leans relatively more on PPP and internal capabilities than dollar-based metrics.

 

[bakofbakchod]

someone needs to tame these black coats. they are going insane

 

[karn]

*My idiotic musings*
Guys .. I think that there is going to be farmer unrest after trade deal from farmers as tarrifs on US agri products go down. Labour related as well as goi tries to push reforms... And all this will be aided by our enemies that do not wish to see us take advantage of the situation. This is yet another challenge that leaderji will face on top of all bruhaha happening already. But if they bite the bullet in the next 1 - 2 years there is a path for us to finally start moving towards middle income.

 

[SKC]

Rupee rebounding:

 

[bakofbakchod]

someone needs to tame these black coats. they are going insane

View: https://x.com/ajayrotti/status/1918228598076653801

genuinely one of the worst decisions in a long time. Complete lunacy. If these subhuman milords wanted to annul this, they should have done this years ago, not after JSW invested 20000cr+ in keeping Bhushan staff on their payroll and into capital investment of the acquired mill

 

[ezsasa]

View: https://x.com/ajayrotti/status/1918228598076653801

genuinely one of the worst decisions in a long time. Complete lunacy. If these subhuman milords wanted to annul this, they should have done this years ago, not after JSW invested 20000cr+ in keeping Bhushan staff on their payroll and into capital investment of the acquired mill

any news article which can give background of this story?