Indian Economy

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Cheepek said:
An $84 Billion Short Book Is Putting Pressure on India’s Rupee


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A slowly devaluing rupee with low volatility is actually in best interest of India. It increases our competitive advantage. So, its a good thing actually.

Now, INR is not facing any downward pressure. Reality is actually opposite of it. Its facing upward pressure. RBI is buying dollars to stop INR from appreciating. Its an opportune time for RBI to build a large forex reserve as a hedge against capital flight in future. Trumpwa has given us a good opportunity.

Why INR is not under pressure?
Because we are fiscally in very good health. We are a growing economy and stable economy under Modiji, so their is actually demand for Indian assets. Their is a net inflow of capital in India. Our BoP is in green.
Internally our gross domestic savings are excellent. Its nearly Rupee 110 Trillions. We need just 40Trillion INR out of these 110 Trillion INR for a nominal 10% GDP growth. Our inflation is low, RBI may even cut rates in upcoming days. So, we have more than enough cash to fund our economy. We don't need much cash from the world. Our own money can fund them. We are no longer cash starved. Our bottleneck is execution capacity. Old PSU were good in cash starved country but are too lethargic in cash rich country when the private sector can execute projects rapidly.

In end Modiji and Nirmala Tai has placed us in a very good and strong position. Modiji need to find out a way to increase state execution capacity by privatizing or private public collaboration.

One of the bottleneck is Indian Railway. Modiji should slowly start to corporatize its operations. Maybe bring in private players in track laying and maintenance. He somehow need to find a way.

Next is he should fund metro and ring road projects. Go bonkers on them. Build the good transit network in our big cities.

Another is bring PLI for Automotive sector and stimulate car ownership. Automotive sector touches almost every industry and consume skilled manpower. It is a mass employment generator. Textile may not be glamorous and too concentrated. But Automotive sector will create jobs even in hinterlands. Everyone need a mechanic to service their periodically.

All in all we are in a good position for stronger growth. Govt. need to continually do incremental well directed and well targeted process reforms. No need for big bang reforms which jolts the economy.
 
angryindian said:
Does Trump care about or understand the consequences of his actions? No

His rabid support base is determined to end IT offshoring and the H-1B visa program, and there’s a strong likelihood he will follow through. He has already sidelined figures like Elon Musk due to their pro-H-1B visa stance, so we must be mentally prepared for the fallout.

Also don't pin your hopes on this menace to end in 2028, there is a high chance another mental maladroit could take his place.

Therefore, Indian IT coolie companies must seriously consider diversifying revenue streams, shifting to product development, and expanding into non-U.S. markets.
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Americans invest a lot in Higher education. Will they be able to get cheap drones so easily for mundane unglamours and boring tasks?
Their companies will loose competitveness.

Another factor: India has progressed up in the value chain in service industry. So, it again will be very hard for them to find the required talent. Its easier to train a factory worker but not a service professional.
 
Ajayant Tripathi said:
Americans invest a lot in Higher education. Will they be able to get cheap drones so easily for mundane unglamours and boring tasks?
Their companies will loose competitveness.

Another factor: India has progressed up in the value chain in service industry. So, it again will be very hard for them to find the required talent. Its easier to train a factory worker but not a service professional.
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I have been wondering, why has any other country emerged as a alternative to india when it comes to IT backoffice and offshore jobs? I used to hear Philippines will replace india, but that hasn't happened yet.
 
eastern_bhartiya said:
I have been wondering, why has any other country emerged as a alternative to india when it comes to IT backoffice and offshore jobs? I used to hear Philippines will replace india, but that hasn't happened yet.
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I really don't know. It was not only Philippines, once their were strong views that Brazil can snatch our software industry crown. That has not happend yet either.

Maybe its scaling issue or it is genuinely hard to get service professionals at competitive price? We can't know unless uncle sam one day decide to phuck with out services industry. Only than we will know if the americans can truly replace our service professionals.

But i have a firm belief anyone who has worked on special tool for a few years is not easy to replace quickly. It is much harder for a service professional who unlike factory machines really carries a lot of knowledge inside his head. A lot of knowhow is not easily replaceable.
 
Domestic tourism in india:-
domeatic tourism is very important sector for states economy. if u hv time post here how many indian tourist ur state welcome.

uttarakhand:- in 2023, 5.9 crore indian tourist visited uttarakhand.
himalayandreamtreks.in

Seasonal Tourism in Uttarakhand: Issues & Solutions

Discover the impact of seasonal tourism in Uttarakhand and explore sustainable solutions for balanced, eco-friendly, and year-round travel.
himalayandreamtreks.in himalayandreamtreks.in

himanchal pradesh:- himanchal gets 1.8 crore indian tourist in 2024.
 
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