Indian Economy

[Nutcracker]

Rupee rebounding:

View attachment 32819



View attachment 32821

Simultaneously forex is growing too.
Rare occurance of these two Ws together.

India’s forex reserves up by $1.98 bn to $688.13 bn as of April 25

India's foreign exchange reserves rose for the eighth straight week, reaching $688.13 billion as of April 25, according to data released by the Reserve Bank of India (RBI) on Friday. The reserves grew by $1.98 billion during the week.

m.economictimes.com

 

[Cheepek]

We are generating more cash than we know how to use: Adani Ports MD Karan Adani

https://www.livemint.com/companies/news/we-are-generating-more-cash-than-we-know-how-to-use-adani-ports-md-karan-adani-11746182319673.html

 

[SammyBoi]

View: https://twitter.com/Prakhar81420407/status/1918272002173137341



The Indian Economy chugs on relentlessly...

 

[SammyBoi]

Apple continues Making in India...


View: https://twitter.com/Harinderindi22/status/1918267959597846683

 

[SammyBoi]

Ye dil maange more...


View: https://twitter.com/lakshmishaks/status/1918207558868689222

 

[shade2]

Apple continues Making in India...


View: https://twitter.com/Harinderindi22/status/1918267959597846683

View attachment 32843

Years ago I had read these were being made in Vietnam by chingchong company for Apple
Hope like these airpods even the macbook and ipad manufacturing comes to India

 

[Azaad]

View: https://twitter.com/riteshmjn/status/1918093630730060092?s=19



This may please you immensely! @rockdog

 

[Azaad]

View: https://twitter.com/LiveLawIndia/status/1918176548970213613?s=19

SC scraps JSW Steel’s ‘illegal’ Bhushan Power and Steel deal, orders liquidation

The Supreme Court has nullified JSW Steel's resolution plan for Bhushan Power and Steel Ltd, deeming it illegal and ordering liquidation. JSW's plan involved a significant haircut for lenders, offering Rs 19,350 crore to financial creditors and Rs 350 crore to operational creditors.

m.economictimes.com

Thanks to all these shenanigans Bhushan Steel will be liquidated & all those employees & vendors dependent on it, doomed. Wonder why can't the IBC process be started afresh & JSW kept out of it

 

[Azaad]

View: https://twitter.com/prasannavishy/status/1917784901010743752
View attachment 32681

Hello people, it is good to be back....

What sort of vacuous article is this that too from ET full of form with no content whatsoever. Which companies are contributing to this so called revolution? What are their names, location, particulars? What's their T/O, product profile, market share etc?

Reads more like a PR piece full of wordplay

 

[Azaad]

View: https://twitter.com/cheraputra/status/1918172963196883356?s=19

 

[vin pahadi (kumauni)]

Ye dil maange more...


View: https://twitter.com/lakshmishaks/status/1918207558868689222

View attachment 32845

R we going on Chinese path??? i mean use our resources nd send to other countries to consume it. In return we will get more nd more US dollars. same paper dollars which america prints in trillions. suppose just like china by exporting for 20-40 years we also collect 2-3 trillion dollars. if that time dollar valuation go down due to removal of dollar's reserve currency status. then we hv devaluated dollars nd we used our resources for other countries consumption. although we ourself need huge resources for our own country people due to huge population. do any one hv answer that its good or bad move in long term for us??

 

[randombully]

Is India missing billions in its GDP?

A recent pilot by the UP Govt in four districts, using bottom-up approach, indicates massive underestimation

www.thehindubusinessline.com

 

[indus_markII]

What sort of vacuous article is this that too from ET full of form with no content whatsoever. Which companies are contributing to this so called revolution? What are their names, location, particulars? What's their T/O, product profile, market share etc?

Reads more like a PR piece full of wordplay

Correct.
No heavy equipment manufacturer that I can remember, but there is BKT International ( Balkrishna Tyres) which makes those extra large, bulbous tyres for earth movers, big tractors, mining trucks etc. A major component of their revenue is through exports to USA, Europe etc.

Tires for Agricultural, Industrial and OTR vehicles | BKT Tires

BKT Tires is a leading manufacturer in the off-highway tire market. Specializing in the manufacture of tires for agricultural, industrial and OTR vehicles.

www.bkt-tires.com

 

[ezsasa]

View: https://twitter.com/LiveLawIndia/status/1918176548970213613?s=19

SC scraps JSW Steel’s ‘illegal’ Bhushan Power and Steel deal, orders liquidation

The Supreme Court has nullified JSW Steel's resolution plan for Bhushan Power and Steel Ltd, deeming it illegal and ordering liquidation. JSW's plan involved a significant haircut for lenders, offering Rs 19,350 crore to financial creditors and Rs 350 crore to operational creditors.

m.economictimes.com

Thanks to all these shenanigans Bhushan Steel will be liquidated & all those employees & vendors dependent on it, doomed. Wonder why can't the IBC process be started afresh & JSW kept out of it

liquidation does not mean shutting it down and selling it for parts, BPSL has a revenue of 20000+ crores, it's a functioning enterprise.

i think who ever is the puppet master behind the petition will get another chance to acquire it in an open auction.

 

[FalconSlayers]

Is India missing billions in its GDP?

A recent pilot by the UP Govt in four districts, using bottom-up approach, indicates massive underestimation

www.thehindubusinessline.com

Not these guys yapping over undocumented economy now, get investments and grow economy instead of doing such nonsense mental gymnastics.

 

[FalconSlayers]

Mi lawds and their judicial terrorism

JSW Steel may face 10-15% production hit, ₹4,500-crore Ebitda dent as Bhushan Power liquidation looms

JSW Steel faces potential setbacks as the Supreme Court deemed its acquisition of Bhushan Power & Steel illegal, potentially leading to liquidation. Analysts predict a 10-15% production decrease and a ₹4,000-4,500 crore Ebitda shortfall. Despite a potential refund, JSW Steel could incur a...

economictimes.indiatimes.com

 

[ezsasa]

Not these guys yapping over undocumented economy now, get investments and grow economy instead of doing such nonsense mental gymnastics.

that's the point they are making, GDP by definition is an estimate of value addition.
if value addition is happening, and the surveys are not capturing it properly, then it needs a review.

this discussion would not have made sense 10 years ago, since untracable cash economy was much larger than today, and GDP estimates were being done based on data from about 5000 companies across india. now because of MCA database being larger, digital economy is larger, GST etc. not a bad idea to check if GVA estimate calculation is closer to the real number or not.

investments capture only the top layer. after the investment comes in and payments are done to vendors, cash keeps circulating with in the system i.e moving from one hand/account to another hand/bank account. everytime cash does a jump, at lower levels of below corporates there could be a case of value addition which is not getting captured.

GDP/GVA != entirety of economic activity.

 

[sauntheninja]

Only 3 foreign manufacturing cos set up shop in India in FY25

Despite government initiatives to boost domestic manufacturing, only three foreign manufacturing companies established operations in India during fiscal year 2024-25, according to Ministry of Corporate Affairs data. This contrasts with 53 foreign companies in the services sector. The number of...

economictimes.indiatimes.com

Some damper in our manufacturing so called successes over the past year?

 

[crazywithmath]

Only 3 foreign manufacturing cos set up shop in India in FY25

Despite government initiatives to boost domestic manufacturing, only three foreign manufacturing companies established operations in India during fiscal year 2024-25, according to Ministry of Corporate Affairs data. This contrasts with 53 foreign companies in the services sector. The number of...

economictimes.indiatimes.com

Some damper in our manufacturing so called successes over the past year?

Should get close to US$ 400 billion this fiscal, hopefully.

 

[eastern_bhartiya]

Not these guys yapping over undocumented economy now, get investments and grow economy instead of doing such nonsense mental gymnastics.

Undocumented economy can be documented by proper recording and bringing them into tax system.