Indian Economy

[ezsasa]

To be fair .. there is a world of difference between germany going kaput and the grass eaters going kaput .

only during times like these, we get to make statements like canada behaving like pakiland etc.
so might as well apply Indian gaze on western countries, reciprocity for decades of western gaze on us.

 

[LETHALFORCE]

View: https://x.com/BRICSinfo/status/1851696470384107989

 

[LETHALFORCE]

View: https://x.com/BRICSinfo/status/1850917635963097335

 

[Vinash]

View: https://x.com/IndianTechGuide/status/1851866697608855835

Only a matter of time till Andhra Telugus create a new Hyderabad

 

[FalconSlayers]

Only a matter of time till Andhra Telugus create a new Hyderabad

Well only if these projects materialise. Steel production isn't growing as fast and imports are rising.




Yes its a rumour but seems plausible since the ground breakings have slowed down.

 

[LETHALFORCE]

View: https://x.com/PIB_India/status/1852220622623117668

Is it good to have so much foreign reserves with the shifts in currencies and payment systems occuring??

 

[LETHALFORCE]

View: https://x.com/afristats_polls/status/1850976798110335471

How does pakistan even appear on this list???????

 

[FalconSlayers]

View: https://x.com/afristats_polls/status/1850976798110335471

How does pakistan even appear on this list???????

See as someone who as done data science, basically what they do in these "consultancy firms" is take raw data, extrapolate it, train the model using the data (machine learning) and make projections. This is just a raw and simple way I've explained here although it is a fairly cumbersome task.

So these "projections" tend to show them as one of the top economies.

 

[FalconSlayers]

Electricity consumption growth is very poor

India's power consumption rises marginally to 140.4 bn units in Oct

India's power consumption increased by one percent to 140.47 billion units in October compared to last year. The peak power demand in October decreased compared to the same month last year. Experts say the consumption showed marginal growth due to a higher base effect and the onset of winter.

economictimes.indiatimes.com

 

[bhadhusha]

we just need to look at their old jhumlas. they had started this jhumla of "jobless growth" years back for political reasons. so much effort is being put into disproving this theory.

in the mean time, so many opeds, so many academic papers, so many TV debates to promote this jhumla that came from this cozy club.

From Reliance to Unilever, firms worried about low consumer demand in India

Consumer companies in India are struggling with declining urban middle-class spending due to inflation and unemployment. Major firms, including Reliance and Hindustan Unilever, have reported weaker demand and challenging conditions. Urban demand growth has been falling for five quarters...

economictimes.indiatimes.com

What used to be 80% of the market is not growing,” he said, referring to the entry-level small cars whose sales is seen as a gauge of urban consumer demand.

Small cars made up as much as 80% of Maruti’s sales as recently as 2019, according to Bhargava.

Revenue from operations for Reliance’s retail unit, India’s largest retailer and part of billionaire Mukesh Ambani’s conglomerate, slipped 3.5% for the quarter ended Sept. 30 — a fall it attributed partly to weak demand for fashion and lifestyle products.

Revival of rural demand, welcome as it is, cannot offset the shortfall in urban mass spending. For Unilever’s India unit, smaller towns and villages make up only a third of its sales, Chief Financial Officer Ritesh Tiwari told reporters last week. Any recovery in demand growth was a few quarters away, he said.

“The pattern is quite clear that urban growth has trended down in recent quarters,” Rohit Jawa, Hindustan Unilever’s chief executive officer, said after the maker of Dove soaps and Magnum ice-creams posted sluggish earnings

The latest data from credit information firm TransUnion CIBIL shows credit card delinquencies increased by 17% as of June from a year ago.

Rising credit card defaults and slowing urban demand are linked, Suresh Ganapathy, head of financial services research at Macquarie Capital, told Bloomberg News.

So looks like there is indeed there is a slow down, factors could be several , post covid crunch, global crisis etc , but we must be honest to accept that yes there is slow down

What are your thoughts ?