Indian Economy (10 Viewers)

[shade2]

i read somewhere that retail side is failing under her photo ops daughter who is always seen with burgerland plastic qweens. reliance retail market cap fell by 40%. is that true??

also all of us know that his children are highly incompetent to keep his empire running, leave aside growing. only that motu anant had some brains but he is also moving towards charity more and not business.

what will happen to ril after mota bhai

The supermarket biz is very problematic here, he was supposed to let his daughter enjoy the monopoly after deleting Food Bazaar wala and sending Tata StarBazaar into the cuckshed of like 10 outlets only.

But then these blinkit, zepto types started eating his lunch.

Anyway he has made deals with various foreign chains like 7-Eleven and all and has additional retail shops like Ajio for clothes, there's reliance digital for electronics and all to chala sakte hai.


btw this has been scrubbed from the internet but the female's degree was ((( South Asian Studies ))) in whichever American uni she went to.
Once Mukes dies you can expect them to give $$$$ to chorgress not because of pragmatism but because of ideological programming

 

[ezsasa]

thats great, but will isha be able to handle dmart, and other quick commerce platforms? because in my area i have seen 2 reliance smart getting closed due to very less profit, and this is about navi mumbai, not like people have less money. but people prefer to either get it quickly or go once a month to dmart to get it at super cheap price.

i can give you a personal anecdote.

in 2007-08, my boss was part of the steering commitee (vendor side) who were designing the scope and scale of internal systems revamp of what later went on to become jio, jio was launched in 2016. my boss was telling me, mota bhai had got his son involved from day one in that project, so that his son can learn all ins and outs of their business empire.

we can read it as, their children are not there to worry too much about operations(not yet anyway), they are there to protect their family's interests. for running day to day ops, they pay good money in crores per month to their top management.

i don't have access to mumbai business gossip anymore, mumbai wallahs would know.

 

[FalconSlayers]

View: https://x.com/lakshmishaks/status/1933245361516392832

 

[Hari Sud]

What if India and the U.S. fail to sign the partial Free Trade Agreement by July 9?

If the partial FTA isn’t finalized by July 9, India faces a punishing 26% tariff on all exports to the U.S. This FTA scenario seemed achievable—until Pakistan’s terror attack killing 26 Indian tourists triggered a massive Indian retaliation that crippled 20% of Pakistan’s Air Force.

Since then, the dynamics have shifted:

1. The U.S. has tilted noticeably toward Pakistan and invited its Jihadi General to Washington military parade.
2. IMF aid to Pakistan continues with American backing.
3. Trump is pressuring Apple to shift manufacturing from India back to the U.S.
4. Trump claimed credit for halting the Indo-Pak conflict by threatening India with trade penalties.

All this has happened even as Trump publicly calls Modi a “friend.” This mixed messaging creates a poor atmosphere for trade talks.

Failing to conclude the FTA by July 9 leaves India cornered—with little to no options.

 

[eastern_bhartiya]

What if India and the U.S. fail to sign the partial Free Trade Agreement by July 9?

If the partial FTA isn’t finalized by July 9, India faces a punishing 26% tariff on all exports to the U.S. This FTA scenario seemed achievable—until Pakistan’s terror attack killing 26 Indian tourists triggered a massive Indian retaliation that crippled 20% of Pakistan’s Air Force.

Since then, the dynamics have shifted:

1. The U.S. has tilted noticeably toward Pakistan and invited its Jihadi General to Washington military parade.
2. IMF aid to Pakistan continues with American backing.
3. Trump is pressuring Apple to shift manufacturing from India back to the U.S.
4. Trump claimed credit for halting the Indo-Pak conflict by threatening India with trade penalties.

All this has happened even as Trump publicly calls Modi a “friend.” This mixed messaging creates a poor atmosphere for trade talks.

Failing to conclude the FTA by July 9 leaves India cornered—with little to no options.

Slight correction:- this is not true, failed marshal munira wasn't invited. That was just our media being itself.

 

[ezsasa]

India's forex reserves just shy of record high after $5.2 billion jump last week


View: https://x.com/ani_digital/status/1933511426842505736

 

[crazywithmath]

India's forex reserves just shy of record high after $5.2 billion jump last week


View: https://x.com/ani_digital/status/1933511426842505736

Possibly the biggest currency manipulator in the world right now. USDINR could easily go back to the 83-84 level but they just won't let it for reasons best known to them. Will never get why they need a 700 B forex reserve right now...

 

[ezsasa]

Possibly the biggest currency manipulator in the world right now. USDINR could easily go back to the 83-84 level but they just won't let it for reasons best known to them. Will never get why they need a 700 B forex reserve right now...

who would want the gormint to maintain this exchange rate level, exporters(IT&ITES export lobby to be more specific )?
forex reserve bit is more obvious, they are keeping the reserves level up to mitigate unforeseen events happening in current VUCA world.

 

[crazywithmath]

who would want the gormint to maintain this exchange rate level, exporters(IT&ITES export lobby to be more specific )?
forex reserve bit is more obvious, they are keeping the reserves level up to mitigate unforeseen events happening in current VUCA world.

I have no idea, honestly. Have been attempting to make sense of this new stance for months now (Das et al were status quoists who preferred a stable predictable exchange rate).

USDINR, right now, makes no sense. Rupee goes down when every other non US$ currency is in the green.

 

[redpanda]

Possibly the biggest currency manipulator in the world right now. USDINR could easily go back to the 83-84 level but they just won't let it for reasons best known to them. Will never get why they need a 700 B forex reserve right now...

Eh we are dwarf in front of china when it comes to currency manipulation. Maybe 2nd or 3rd. China is more export dependant than us, so they do a lot more currency manipulation.

 

[eastern_bhartiya]

Eh we are dwarf in front of china when it comes to currency manipulation. Maybe 2nd or 3rd. China is more export dependant than us, so they do a lot more currency manipulation.

You forget about these geniuses, Darconomics Zindabad

 

[Azaad]

On track for FTA with EU before end of this year: Piyush Goyal - BusinessToday

A key focus remains on dismantling non-tariff barriers to ensure smoother, two-way trade flows. An eye for an eye will make the whole world blind,” Goyal said, adding, “unless countries recognise that over-regulation and barriers to trade will be met with reciprocal action, everyone suffers.”

www.businesstoday.in

 

[Ajayant Tripathi]

Possibly the biggest currency manipulator in the world right now. USDINR could easily go back to the 83-84 level but they just won't let it for reasons best known to them. Will never get why they need a 700 B forex reserve right now...

Why would you want INR to appreciate?? What do we gain? Nothing. A slowly depreciating INR is actually better for us. It gives our exports competitive advantage, makes a case for doing value addition in India. Only reason we will want INR to appreciate is when we want to invest outside India and import heavily.
We do not have surplus capital to invest outside. We are not industrialized enough either. So, we need to invest in India and we need to industrialize. Only a weaker currency helps in this case. Also, Its not like it will import inflation. Oil prices are down. So, we are in a sweet spot this time around.

Forex Reserves are a hedge against external pressures. China has massive 3.5 Trillion Dollars of forex reserves. Thats why US have to take them seriously. Thats why trump is begging to them for a deal.

India need atleast 1.2 Trillion Dollars of Forex Reserves. It serves two purposes. To pay the fleeing foren investors and pay for imports. All without destablizing INR.

 

[Nicky]

Amy details about how much oil are we taking about?


View: https://x.com/Rohitash_B/status/1933661052874666072?t=mULwTDMvwRctxCgHY0IFmg&s=19

 

[Tsunami]

We are consuming 5.2 million barrel oil per day. We produce only 772000 bbl oil per day. Now if we add another 250000 bbl then to it will just go to over 1 million barrel oil per day which will still be only 20% of our requirements. I am not sure from where they are saying 40%?

 

[Migflug]

India on Brink of 'Guyana-Sized' Oil Discovery in Andaman Sea: India petroleum minister Hardeep Puri THE NEW INDIAN

NEW DELHI: In an exclusive Interview with The New Indian, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri laid out a bold vision…

www.newindian.in

 

[Ajayant Tripathi]

India's forex reserves just shy of record high after $5.2 billion jump last week


View: https://x.com/ani_digital/status/1933511426842505736

It needs to be read in a context:
1. Low Inflation
1. Low Oil prices (So, little risk of imported inflation)
1. RBI Injection of Liquidity in last month.
1. RBI cutting rates
1. Increasing Forex Reserves (INR gets cushion and becomes more stable)

The Macro environment is so far good. I hope it translates into an increase in Capex.

Unless we are forced into a war i expect these macroeconomic indicators to remain stable. The best thing our own domestic factors responsible for inflation volatility are loosing weight. As our economy grows our domestic markets will stabilize and become more resilient. So, domestic factors will continue to loose weight in influencing inflation. It will be volatility in oil prices that will be major contributor to inflation volatility in future. Since its a single choke point, Our govt. can blunt its impact too by carefully managing oil prices and INR puchasing power with forex reserves. So, i expect us to enter in a low interest era.

 

[crazywithmath]

Why would you want INR to appreciate?? What do we gain? Nothing.

INR does not need to 'appreciate'. Being stable and predictable in a range would be good enough.

All other major currencies were depreciating against US$ post US election 2024 but have moved back to their previous exchange rates since. This is not 'currency appreciation' - just the market taking its own course.

INR, otoh, is getting depreciated when pretty much every non US$ currency is in the green.

Das et al were status quoists and preferred a stable INR. What is the rationale of the incumbent?

 

[Ajayant Tripathi]

INR does not need to 'appreciate'. Being stable and predictable in a range would be good enough.

All other major currencies were depreciating against US$ post US election 2024 but have moved back to their previous exchange rates since. This is not 'currency appreciation' - just the market taking its own course.

INR, otoh, is getting depreciated when pretty much every non US$ currency is in the green.

Das et al were status quoists and preferred a stable INR. What is the rationale of the incumbent?

Why should we let INR appreciate??? What do we gain?? RBI is already doing a fine job in suppressing volatility in INR value.

 

[crazywithmath]

Why should we let INR appreciate??? What do we gain?? RBI is already doing a fine job in suppressing volatility in INR value.

Again, it is not appreciation if USDINR simply goes back to the 83-84 level. That 'depreciation' was not just a regular currency movement to begin with and happened cuz the orange chimpanzee kept throwing tantrums.

My point is simple. They spread so much hubris over xyz trillion economy, taking the INR global and what not and yet, will not trust the market forces. If this is not doublespeak then I do not know what else is.