Indian Economy (7 Viewers)

[swesh]

Indias trade deficit narrows sharply to USD 3.51 bn from USD 7.30 bn in June 2025 (YoY) - The Tribune

Indias overall trade deficit (merchandise and services) narrowed significantly to USD 3.51 billion in June 2025, down from USD 7.30 billion in June 2024, as exports outpaced imports on a year-on-year basis, government data showed on Tuesday.

www.tribuneindia.com

 

[Hari Sud]

(((We have a competitive advantage in services, they have an advantage in whores and cheap manufactured products)))

View attachment 43344

((( What do you mean our 1.2billion people cannot be employed well enough by services alone? )))
((( the wealth will trickle down ofc )))

Critic of Modi. Hired by Chidambram but not even an economist by training but somehow known as economist. very unsuccessful during his term as a RBI governor.

 

[SKC]

India's exports grow about 6% in first quarter, trade deficit narrows sharply in June - CNBC TV18

The growth comes despite global trade uncertainties, including disruptions around the Strait of Hormuz. The ministry said both merchandise and services exports registered growth in the April-June 2025 period.

www.cnbctv18.com

It's a normal trend. Last year & a year before that too around June the export figure was something similar. Probably the demand for certain Indian goods in the global market around this period time of time tends to be low. Which is why we see this slightly decline. Overall export grown by 6%. And imports have declined by 3%. Service sector export is still in surplus..

We know, Multiple members/admins/mods have posted about this. June is typically a slower month, with reduced economic activity. Many plants undergo annual maintenance or refurbishment during this time to prepare for the busy festive quarter ahead.​

 

[liberalredditor]

We know, Multiple members/admins/mods have posted about this. June is typically a slower month, with reduced economic activity. Many plants undergo annual maintenance or refurbishment during this time to prepare for the busy festive quarter ahead.​

+ Supply chain slows down as it's the start of monsoon season and infra takes some major hits which causes slowing and even stoppage of some routes.

 

[Ajayant Tripathi]

None can save jeetvarsh
View attachment 43355

So, March was an exception because of Trump's April 1 tarriffs.

 

[Doreamon]

Seems like tech Companies have heavily shifted their employees to Ireland for low corporate tax (12.5 percent ) . Post Brexit ireland has gained lots of investments .


View: https://x.com/Mick_O_Keeffe/status/1944757911701320182

 

[haldilal]

 

[swesh]

https://www.hindustantimes.com/india-news/retail-inflation-eases-to-over-6-year-low-of-2-1-per-cent-in-june-on-subdued-food-prices-101752511792370.html

 

[eastern_bhartiya]

While talking about state of infrastructure in our cities one thing we must keep in mind the how rain is actually different in different places

For example here is a data of Avg Annual Rain in different Mega cities around the world (ChatGPT Used) :-

City	Average Annual Rainfall (mm)
London	600–700 mm
Singapore	2,300–2,700 mm
Tokyo	1,400–1,600 mm
Washington D.C.	1,000–1,200 mm
São Paulo	1,300–1,600 mm
Mumbai	2,200–2,500 mm
Kolkata	1,600–1,800 mm

And here is how intense they can be from their peak months :-

City	Wettest Month	Rainfall in Wettest Month (mm)
London	October–November	~60–70 mm
Singapore	November–December	~300–400 mm
Tokyo	September	~200–250 mm
Washington D.C.	July	~100–120 mm
São Paulo	January	~250–300 mm
Mumbai	July	~900–1,000 mm
Kolkata	July	~400–450 mm

Mumbai and Kolkata both being in tropical and being hit by Indian monsoon creates unique situation where they receive a lot of rain in very short time , here is graph of monthly distribution :-



Look how mumbao shots up in monsoon season, this add a lot of pressure on water infra that is not seen around the world for a city this large.

 

[Miss Firing]

PMO greenlights GST revamp; All eyes on council

The Prime Minister's Office has approved a significant overhaul of the Goods and Services Tax (GST) framework, potentially leading to the first major changes since its implementation eight years ago. The finance ministry will consult with states to build consensus on reforms, including slab...

economictimes.indiatimes.com

PMO greenlights GST revamp; All eyes on council

 

[eastern_bhartiya]

View attachment 43406

PMO greenlights GST revamp; All eyes on council

The Prime Minister's Office has approved a significant overhaul of the Goods and Services Tax (GST) framework, potentially leading to the first major changes since its implementation eight years ago. The finance ministry will consult with states to build consensus on reforms, including slab...

economictimes.indiatimes.com

PMO greenlights GST revamp; All eyes on council

Keep in mind just reducing GST on end products won't be enough, the real cost build-up happens when components get GST, infact reducing GST on these multiuse stuff will have more broad effect on product than just targeting one thing to appease public. GST on stuff like AC being at 28% in a largely hot and humid country, that then the clownery of trying to cap min temperature only leads to more animosity towards bhajipao. pray that gormint actually stands up to babus who still think unwashed masses don't deserve basic stuff at fair price.

 

[ArjunMK1A]

While talking about state of infrastructure in our cities one thing we must keep in mind the how rain is actually different in different places

For example here is a data of Avg Annual Rain in different Mega cities around the world (ChatGPT Used) :-

City	Average Annual Rainfall (mm)
London	600–700 mm
Singapore	2,300–2,700 mm
Tokyo	1,400–1,600 mm
Washington D.C.	1,000–1,200 mm
São Paulo	1,300–1,600 mm
Mumbai	2,200–2,500 mm
Kolkata	1,600–1,800 mm

And here is how intense they can be from their peak months :-

City	Wettest Month	Rainfall in Wettest Month (mm)
London	October–November	~60–70 mm
Singapore	November–December	~300–400 mm
Tokyo	September	~200–250 mm
Washington D.C.	July	~100–120 mm
São Paulo	January	~250–300 mm
Mumbai	July	~900–1,000 mm
Kolkata	July	~400–450 mm

Mumbai and Kolkata both being in tropical and being hit by Indian monsoon creates unique situation where they receive a lot of rain in very short time , here is graph of monthly distribution :-

View attachment 43401

Look how mumbao shots up in monsoon season, this add a lot of pressure on water infra that is not seen around the world for a city this large.

These kind of short intense monsoon season is the part of India Weather pattern for 1000 years. Those times, our kings ensured proper utilization of this monsoon by building canals, check dams, artificial lakes and tanks to store the water. Also, before the monsoon onset, they will do the necessary maintenance work to clean up.

Today's cities were doing complete opposite of that. Encroaching every water bodies from lakes to canal to rivers. Excessive concretization of surface in residential areas, poor road design and lack of drainage systems.

Mumbai have 3 rivers which were completely encroached, all of the sewers were directed to them creating sludge which reduces the depth of river significantly. Even a working drain cannot transfer the water due to this sludge presence. Areas with no drain and already low lying will be waterlogged.

Today's Bengaluru is getting flooded in lot of areas, simple web search gives you how many lakes were completely disappeared from 2000. Even some of the famous lakes, the size is reduced by allowing construction of offices.

Chennai city have an marshland which collects the water from surrounding areas, but the marshland is encroached by an massive dumpyard by the corporation. Multiple areas were build on reclaimed lake beds. When heavy rain comes down, automatically these areas will be flooded since 30 years back, there is an lake which holds the water but now it is buildings only.


Cities needs to reclaim its water bodies to ensure flood management.

 

[ArjunMK1A]

View attachment 43406

PMO greenlights GST revamp; All eyes on council

The Prime Minister's Office has approved a significant overhaul of the Goods and Services Tax (GST) framework, potentially leading to the first major changes since its implementation eight years ago. The finance ministry will consult with states to build consensus on reforms, including slab...

economictimes.indiatimes.com

PMO greenlights GST revamp; All eyes on council

They should reduce GST on Automobiles, 28% is nonsense for our country.

 

[eastern_bhartiya]

These kind of short intense monsoon season is the part of India Weather pattern for 1000 years. Those times, our kings ensured proper utilization of this monsoon by building canals, check dams, artificial lakes and tanks to store the water. Also, before the monsoon onset, they will do the necessary maintenance work to clean up.

Today's cities were doing complete opposite of that. Encroaching every water bodies from lakes to canal to rivers. Excessive concretization of surface in residential areas, poor road design and lack of drainage systems.

Mumbai have 3 rivers which were completely encroached, all of the sewers were directed to them creating sludge which reduces the depth of river significantly. Even a working drain cannot transfer the water due to this sludge presence. Areas with no drain and already low lying will be waterlogged.

Today's Bengaluru is getting flooded in lot of areas, simple web search gives you how many lakes were completely disappeared from 2000. Even some of the famous lakes, the size is reduced by allowing construction of offices.

Chennai city have an marshland which collects the water from surrounding areas, but the marshland is encroached by an massive dumpyard by the corporation. Multiple areas were build on reclaimed lake beds. When heavy rain comes down, automatically these areas will be flooded since 30 years back, there is an lake which holds the water but now it is buildings only.


Cities needs to reclaim its water bodies to ensure flood management.

Indian urban development has failed our economic growth massively , its downright criminal how fucking bad they're , lack of high rise creates those obnoxious 1-2 story ugly buildings , these things clog up a lot of ground space.

 

[ArjunMK1A]

Indian urban development has failed our economic growth massively , its downright criminal how fucking bad they're , lack of high rise creates those obnoxious 1-2 story ugly buildings , these things clog up a lot of ground space.

In South Indian states, at least people paint their houses. Even though the choice of color is questionable. In lot of north Indian states they left the house with exposed bricks. lot of houses in videos, you can see they did not used cement to build the smooth surface. Those looks like post war Iraq. Even an Asian Paints tractor emulsion will make the house looks cool.

 

[Knowitall]

View attachment 43406

PMO greenlights GST revamp; All eyes on council

The Prime Minister's Office has approved a significant overhaul of the Goods and Services Tax (GST) framework, potentially leading to the first major changes since its implementation eight years ago. The finance ministry will consult with states to build consensus on reforms, including slab...

economictimes.indiatimes.com

PMO greenlights GST revamp; All eyes on council

Can someone paste the full article?

 

[ezsasa]

Indian urban development has failed our economic growth massively , its downright criminal how fucking bad they're , lack of high rise creates those obnoxious 1-2 story ugly buildings , these things clog up a lot of ground space.

when it's time to buy your own house with your own money, you will realise that buying an apartment in developed builtup area costs double or more per sq. foot, than building own house in a small plot.

by building a house for 50-70 lakhs now, you can get 1.5 to 3 cr 10-15 years later, because of the value of land.

but by spending a 1.5 on a apartment now, there is no guarantee you can recover those 1.5 cr unless that apartment falls within future master plan of that city. more the apartment building ages, more it's value goes down. after 25 years, value of an high rise apartment is a matter of chance and luck.

on the other hand, if the plot is directly under your name, you can always rebuild.

what you call "failure", is just people making practical choices based on their budget and lifestyle preferences.

 

[eastern_bhartiya]

when it's time to buy your own house with your own money, you will realise that buying an apartment in developed builtup area costs double or more per sq. foot, than building own house in a small plot.

by building a house for 50-70 lakhs now, you can get 1.5 to 3 cr 10-15 years later, because of the value of land.

but by spending a 1.5 on a apartment now, there is no guarantee you can recover those 1.5 cr unless that apartment falls within future master plan of that city. more the apartment building ages, more it's value goes down. after 25 years, value of an high rise apartment is a matter of chance and luck.

on the other hand, if the plot is directly under your name, you can always rebuild.

what you call "failure", is just people making practical choices based on their budget and lifestyle preferences.

I'm not talking about ownership of houses tho, its about illegal encroachment of land

 

[ezsasa]

I'm not talking about ownership of houses tho, its about illegal encroachment of land

illegal encroachment of land has a direct correlation with economic growth, families move closer to economic centres in hopes of a better life. but the economic centres cannot foresee how much to build for, since they don't know how many are going to move in there, leading to all sort of issues to domicile population.

demand comes first, supply later. some years and decades down the line both stabilise like it happened in western countries.

we have to remember why high heels were invented in europe, because zooropeans used to throw $hit on their lanes outside their house. this is to say, they too went thru their cycles, before their cities stabilized and quality of life improved. as soon as their stability cycle kicked in, their degrowth cycle also kicked in, now leading to immigrant crisis in zoorope.

balancing growth and quality of life is tricky.

 

[sauntheninja]

illegal encroachment of land has a direct correlation with economic growth, families move closer to economic centres in hopes of a better life. but the economic centres cannot foresee how much to build for, since they don't know how many are going to move in there, leading to all sort of issues to domicile population.

demand comes first, supply later. some years and decades down the line both stabilise like it happened in western countries.

we have to remember why high heels were invented in europe, because zooropeans used to throw $hit on their lanes outside their house. this is to say, they too went thru their cycles, before their cities stabilized and quality of life improved. as soon as their stability cycle kicked in, their degrowth cycle also kicked in, now leading to immigrant crisis in zoorope.

balancing growth and quality of life is tricky.

Just doing the basics of building wide footpaths along the highways, maintaining some greenery in our cities so they dont look like concrete jungles and improving the roads would go a long way to improving our cities.