Indian Economy

[concard]

End of mobile tower! Smartphone to now directly connect with satellite, big challenge for Mukesh Ambani, Sunil Mittal from......

Reliance Jio and Bharti Airtel use towers.

www.india.com

India companies never invest on RnD, so they will face always

You should never trust news written by Indian news publication about Science and Technology. These bastards are after clicks not news. There is no satellite which can handle millions of users. If satellites can deliver internet then why do we have expensive Internet sea cables crisscrossing all across the globe?

Submarine Cable Map

TeleGeography's comprehensive and regularly updated interactive map of the world's major submarine cable systems and landing stations.

www.submarinecablemap.com

Satellites cannot handle that much of throughput. And most importantly since satellites are high above our atmosphere they produce a small latency making it difficult to deliver data speeds to vast number of people. SpaceX starlink was meant to provide internet to rural parts of US. US is very big country with most regions almost empty or with little less people. ISP's don't have a problem providing internet to dense urban regions, however laying infrastructure to rural parts to deliver internet is not financially feasible. That is where Starlink comes in.

What Starlink is doing is nothing new. There were companies which were already doing this except they were doing it at a small scale meaning they didn't have many satellites to deliver services to lot of people. With Starlink they have nearly 40,000 satellites which is huge. It kind of helps when your own rocket company is launching the service. The only customers to Starlink I see in India are the airline industry. There are already many airlines who are availing Starlink services in US. For ordinary users given our deep mobile internet penetration along with broadband which have improved over years, I see this service is useless for them. Having said that Airtel is not sleeping, they have a company called Oneweb which does exactly that and Jio isn't far either.

Global Satellite Services

Leverage Airtel's satellite internet connectivity solutions to build redundancy, wherever you are. Reliable high-speed network designed to keep your business connected at all times.

www.airtel.in

Satcom Showdown: Jio-SES vs Airtel-OneWeb vs Elon Musk’s Starlink

NEW DELHI: The eighth edition of India Mobile Congress 2024 in Delhi concluded recently, not only showcasing cutting-edge telecommunication technology but also

www.newindianexpress.com

 

[TopWatcher]

You should never trust news written by Indian news publication about Science and Technology. These bastards are after clicks not news. There is no satellite which can handle millions of users. If satellites can deliver internet then why do we have expensive Internet sea cables crisscrossing all across the globe?

Submarine Cable Map

TeleGeography's comprehensive and regularly updated interactive map of the world's major submarine cable systems and landing stations.

www.submarinecablemap.com

Satellites cannot handle that much of throughput. And most importantly since satellites are high above our atmosphere they produce a small latency making it difficult to deliver data speeds to vast number of people. SpaceX starlink was meant to provide internet to rural parts of US. US is very big country with most regions almost empty or with little less people. ISP's don't have a problem providing internet to dense urban regions, however laying infrastructure to rural parts to deliver internet is not financially feasible. That is where Starlink comes in.

What Starlink is doing is nothing new. There were companies which were already doing this except they were doing it at a small scale meaning they didn't have many satellites to deliver services to lot of people. With Starlink they have nearly 40,000 satellites which is huge. It kind of helps when your own rocket company is launching the service. The only customers to Starlink I see in India are the airline industry. There are already many airlines who are availing Starlink services in US. For ordinary users given our deep mobile internet penetration along with broadband which have improved over years, I see this service is useless for them. Having said that Airtel is not sleeping, they have a company called Oneweb which does exactly that and Jio isn't far either.

Global Satellite Services

Leverage Airtel's satellite internet connectivity solutions to build redundancy, wherever you are. Reliable high-speed network designed to keep your business connected at all times.

www.airtel.in

Satcom Showdown: Jio-SES vs Airtel-OneWeb vs Elon Musk’s Starlink

NEW DELHI: The eighth edition of India Mobile Congress 2024 in Delhi concluded recently, not only showcasing cutting-edge telecommunication technology but also

www.newindianexpress.com

Your are right. I am trying to say Indian companies always prefer to give services , but not on RnD. They dont have eager ness to develop new product.

 

[Suryavanshi]

You should never trust news written by Indian news publication about Science and Technology. These bastards are after clicks not news. There is no satellite which can handle millions of users. If satellites can deliver internet then why do we have expensive Internet sea cables crisscrossing all across the globe?

Submarine Cable Map

TeleGeography's comprehensive and regularly updated interactive map of the world's major submarine cable systems and landing stations.

www.submarinecablemap.com

Satellites cannot handle that much of throughput. And most importantly since satellites are high above our atmosphere they produce a small latency making it difficult to deliver data speeds to vast number of people. SpaceX starlink was meant to provide internet to rural parts of US. US is very big country with most regions almost empty or with little less people. ISP's don't have a problem providing internet to dense urban regions, however laying infrastructure to rural parts to deliver internet is not financially feasible. That is where Starlink comes in.

What Starlink is doing is nothing new. There were companies which were already doing this except they were doing it at a small scale meaning they didn't have many satellites to deliver services to lot of people. With Starlink they have nearly 40,000 satellites which is huge. It kind of helps when your own rocket company is launching the service. The only customers to Starlink I see in India are the airline industry. There are already many airlines who are availing Starlink services in US. For ordinary users given our deep mobile internet penetration along with broadband which have improved over years, I see this service is useless for them. Having said that Airtel is not sleeping, they have a company called Oneweb which does exactly that and Jio isn't far either.

Global Satellite Services

Leverage Airtel's satellite internet connectivity solutions to build redundancy, wherever you are. Reliable high-speed network designed to keep your business connected at all times.

www.airtel.in

Satcom Showdown: Jio-SES vs Airtel-OneWeb vs Elon Musk’s Starlink

NEW DELHI: The eighth edition of India Mobile Congress 2024 in Delhi concluded recently, not only showcasing cutting-edge telecommunication technology but also

www.newindianexpress.com

For a place like Murica and other such sparsely populated country starlink makes sense.

The number of customers covered per tower must be pretty low considering the country is mostly suburbs which spans a wide area.


In India a tower could reach 5000 people while the same in America would hardly reach 1000.

Satellite internet isn't taking over our market but this technology will be used by our adversaries to its full extent.

 

[abdus salem killed]

ONGC makes four more oil field discoveries in Ashoknagar

New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Ashoknagar in West Bengal six years back, but is still awaiting...

www.google.com

 

[Rxbanda]

India's own JSTOR - what is the One Nation, One Subscription scheme for Indian academics​

View: https://youtu.be/gj3YYlNPhQ0

Cabinet approves One Nation One Subscription (ONOS)​

Cabinet approves One Nation One Subscription (ONOS)

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved One Nation One Subscri

pib.gov.in

The funding for academic research should significantly increase. The thousands of crores spent on subscriptions could have been directed to fund research.
Almost every research scholar uses scihub for accessing journals. The impact of ONOS may not be significant.

Currently, its almost impossible to get funding without contacts in the funding agencies. This nexus should be broken. Some profs in IITs and other big institutes have been getting funding from 15-20 years. Check their output. What did they deliver? If not significant, why to continue funding them?
Further, the corruption in govt. funded academic institutes should be checked. That wastes hundreds of crores.
Several structural reforms are required. ONOS is nowhere a top priority.

Further, the world is moving towards open access archives. Several scientists across the world are criticizing that high article processing charges of publishing houses, particularly Nature. Last year, the entire editorial board of a Nature journal resigned condemning the high APC of that journal.
In such a time, ONOS makes no sense.

 

[haldilal]

View: https://x.com/haldilal/status/1862383491645940168


View: https://x.com/haldilal/status/1862384323841622452

 

[ezsasa]

The funding for academic research should significantly increase. The thousands of crores spent on subscriptions could have been directed to fund research.
Almost every research scholar uses scihub for accessing journals. The impact of ONOS may not be significant.

Currently, its almost impossible to get funding without contacts in the funding agencies. This nexus should be broken. Some profs in IITs and other big institutes have been getting funding from 15-20 years. Check their output. What did they deliver? If not significant, why to continue funding them?
Further, the corruption in govt. funded academic institutes should be checked. That wastes hundreds of crores.
Several structural reforms are required. ONOS is nowhere a top priority.

Further, the world is moving towards open access archives. Several scientists across the world are criticizing that high article processing charges of publishing houses, particularly Nature. Last year, the entire editorial board of a Nature journal resigned condemning the high APC of that journal.
In such a time, ONOS makes no sense.

gormint research funding is not an entitlement. it is a limited resource, so choices will be made by the bureaucracy. and many people who think they deserve it, will not get it.

is there a specific pattern, as to which type of concepts/projects are not getting funding sanction?

give us a few examples.

 

[Rxbanda]

gormint research funding is not an entitlement. it is a limited resource, so choices will be made by the bureaucracy. and many people who think they deserve it, will not get it.

is there a specific pattern, as to which type of concepts/projects are not getting funding sanction?

give us a few examples.

Sent you a DM.

 

[FalconSlayers]

Absolute masterstroke of GDP growth from BJPee

• Real GDP growth for Q2 FY 2024-25: 5.4% (down from 8.1% in Q2 FY 2023-24).
• Agriculture & Allied sector growth: 3.5% in Q2 FY 2024-25, showing a recovery.
• Manufacturing sector growth slowed to 2.2% in Q2 FY 2024-25.
• Construction sector growth: 7.7% in Q2 FY 2024-25, supported by domestic steel consumption.
• Tertiary sector growth: 7.1% in Q2 FY 2024-25 (up from 6.0% in Q2 FY 2023-24).
• Private Final Consumption Expenditure (PFCE): Grew by 6.0% in Q2 FY 2024-25.
• Government Final Consumption Expenditure (GFCE): Rebounded to a 4.4% growth.
• Mining & Quarrying experienced negative growth (-0.1%) in Q2 FY 2024-25.
• Nominal GDP growth: 8.0% in Q2 FY 2024-25, valued at ₹76.60 lakh crore.
• Gross Fixed Capital Formation (GFCF): Grew by 5.4% in Q2 FY 2024-25.
• Exports grew by 2.8%, and imports declined by 2.9% in Q2 FY 2024-25.
• Passenger traffic at airports saw a 7.8% growth, while cargo traffic increased by 16.1%.
• Commercial vehicle sales dropped by 11.0% in Q2 FY 2024-25.
• Aggregate bank credits increased by 13.7%, while deposits grew by 10.8%.
• CPI inflation: 4.2% in Q2 FY 2024-25, indicating a decline from the previous quarter.
• Index of Industrial Production (IIP): Manufacturing grew by 3.1%, mining shrank by 0.1%.

View: https://x.com/AryamanBharat/status/1862452212800045110

Absolute state of this vishwacoolie. $5 trillion before 2030 seems impossible.

View: https://x.com/ani_digital/status/1862454319439585474?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1862454319439585474%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=

 

[SKC]

Absolute masterstroke of GDP growth from BJPee

• Real GDP growth for Q2 FY 2024-25: 5.4% (down from 8.1% in Q2 FY 2023-24).
• Agriculture & Allied sector growth: 3.5% in Q2 FY 2024-25, showing a recovery.
• Manufacturing sector growth slowed to 2.2% in Q2 FY 2024-25.
• Construction sector growth: 7.7% in Q2 FY 2024-25, supported by domestic steel consumption.
• Tertiary sector growth: 7.1% in Q2 FY 2024-25 (up from 6.0% in Q2 FY 2023-24).
• Private Final Consumption Expenditure (PFCE): Grew by 6.0% in Q2 FY 2024-25.
• Government Final Consumption Expenditure (GFCE): Rebounded to a 4.4% growth.
• Mining & Quarrying experienced negative growth (-0.1%) in Q2 FY 2024-25.
• Nominal GDP growth: 8.0% in Q2 FY 2024-25, valued at ₹76.60 lakh crore.
• Gross Fixed Capital Formation (GFCF): Grew by 5.4% in Q2 FY 2024-25.
• Exports grew by 2.8%, and imports declined by 2.9% in Q2 FY 2024-25.
• Passenger traffic at airports saw a 7.8% growth, while cargo traffic increased by 16.1%.
• Commercial vehicle sales dropped by 11.0% in Q2 FY 2024-25.
• Aggregate bank credits increased by 13.7%, while deposits grew by 10.8%.
• CPI inflation: 4.2% in Q2 FY 2024-25, indicating a decline from the previous quarter.
• Index of Industrial Production (IIP): Manufacturing grew by 3.1%, mining shrank by 0.1%.



Absolute state of this vishwacoolie. $5 trillion before 2030 seems impossible.

View: https://x.com/ani_digital/status/1862454319439585474?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1862454319439585474%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=

Q2 (July-September Quarter) of a Financial Year in India is usually slow. Things improve in Q3 and goes down a little in Q4. Lets discuss after end of whole financial year.​

 

[ezsasa]

comparison between last year's release and this year's release for Q2 2023-24

imports :
last year release - 12.53 lakh crore
this year release - 11.53 lakh crore.

while the over all Q2 number broadly matches.

same with discrepancies number.

this year release


last year release


and what does this footnote mean ?

# Following Expenditure Approach, GDP = PFCE + GFCE + GFCF + CIS + Valuable + Export - Import. Discrepancy refers to gap between GDP (Production/Income Approach) and GDP (Expenditure Approach)
In case of Discrepancy percentage share in GDP is given instead of percentage changes over previous year.


so what exactly happened to the imports which was counted as 12.5 lakh crores last year and 11.5 lakh crore this year, for Q2 2023-24?

under normal circumstances, drop of 1.39 lakh crore imports yoy would be a big deal.

 

[sameer]

Q2 (July-September Quarter) of a Financial Year in India is usually slow. Things improve in Q3 and goes down a little in Q4. Lets discuss after end of whole financial year.​

CG capex slowed down to a crawl in the first half of the year(elections). State capex is even lower.

It will recover somewhat in Q3 and Q4, so that might improve Q3 and Q4 figures a bit.

The bigger problem is urban consumer spending seems to be slowing down due to lower income growth. They need to either cut taxes or get the inflation under control.

And cut the petrol prices as well. They still haven't come down from the 2022 peak. Dhandhos have made enough profit from Russian oil. Needs to be passed down to consumers.

 

[Psacha123]

CG capex slowed down to a crawl in the first half of the year(elections). State capex is even lower.

It will recover somewhat in Q3 and Q4, so that might improve Q3 and Q4 figures a bit.

The bigger problem is urban consumer spending seems to be slowing down due to lower income growth. They need to either cut taxes or get the inflation under control.

And cut the petrol prices as well. They still haven't come down from the 2022 peak. Dhandhos have made enough profit from Russian oil. Needs to be passed down to consumers.

RBI seems to be too slow on rate cuts.
No matter what they do, they can’t control food inflation (which seems to always push the number high). Only farms laws could fix it greatly.

IMO they should cut rates to boost consumer spending and businesses.

Some insights on this below. Diva who is actually a fan of RBI policy so far is now mad at them and I agree with her thoughts.


View: https://x.com/divajain2/status/1855805456435810326?s=46


View: https://x.com/divajain2/status/1856522097679311030?s=46


View: https://x.com/divajain2/status/1862327754076602588?s=46

 

[sameer]

RBI seems to be too slow on rate cuts.
No matter what they do, they can’t control food inflation (which seems to always push the number high). Only farms laws could fix it greatly.

IMO they should cut rates to boost consumer spending and businesses.

Some insights on this below. Diva who is actually a fan of RBI policy so far is now mad at them and I agree with her thoughts.


View: https://x.com/divajain2/status/1855805456435810326?s=46


View: https://x.com/divajain2/status/1856522097679311030?s=46


View: https://x.com/divajain2/status/1862327754076602588?s=46

I think they will do a rate cut soon, in the next few months, probably by 25bps or more.

Agreed on the food inflation, Honestly have no idea how it can be controlled.

But otherwise for the rest of the inflation I think is primarily being driven by the high fuel prices. They need to bring down the fuel prices now, given that oil will be ~$70 ball park for next few years. China oil demand is slowing down Trump has also promised more drilling, so more American oil will probably flood the world.

Tax cuts exp GST needs to be done as well to spur consumption.

 

[FalconSlayers]

View: https://x.com/IndianTechGuide/status/1862421248417927344

 

[shuturmurg]

Absolute masterstroke of GDP growth from BJPee

• Real GDP growth for Q2 FY 2024-25: 5.4% (down from 8.1% in Q2 FY 2023-24).
• Agriculture & Allied sector growth: 3.5% in Q2 FY 2024-25, showing a recovery.
• Manufacturing sector growth slowed to 2.2% in Q2 FY 2024-25.
• Construction sector growth: 7.7% in Q2 FY 2024-25, supported by domestic steel consumption.
• Tertiary sector growth: 7.1% in Q2 FY 2024-25 (up from 6.0% in Q2 FY 2023-24).
• Private Final Consumption Expenditure (PFCE): Grew by 6.0% in Q2 FY 2024-25.
• Government Final Consumption Expenditure (GFCE): Rebounded to a 4.4% growth.
• Mining & Quarrying experienced negative growth (-0.1%) in Q2 FY 2024-25.
• Nominal GDP growth: 8.0% in Q2 FY 2024-25, valued at ₹76.60 lakh crore.
• Gross Fixed Capital Formation (GFCF): Grew by 5.4% in Q2 FY 2024-25.
• Exports grew by 2.8%, and imports declined by 2.9% in Q2 FY 2024-25.
• Passenger traffic at airports saw a 7.8% growth, while cargo traffic increased by 16.1%.
• Commercial vehicle sales dropped by 11.0% in Q2 FY 2024-25.
• Aggregate bank credits increased by 13.7%, while deposits grew by 10.8%.
• CPI inflation: 4.2% in Q2 FY 2024-25, indicating a decline from the previous quarter.
• Index of Industrial Production (IIP): Manufacturing grew by 3.1%, mining shrank by 0.1%.



Absolute state of this vishwacoolie. $5 trillion before 2030 seems impossible.

View: https://x.com/ani_digital/status/1862454319439585474?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1862454319439585474%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=

When Mudi was elected there was lots of hope that he will rejuvenate manufacturing in India, but he has been a complete failure on that front.

 

[silentassassin265]

When Mudi was elected there was lots of hope that he will rejuvenate manufacturing in India, but he has been a complete failure on that front.

In 2014 it was a speculative promise from deep state that they would shift all the manufacturing from China to India. Gobhiji took the words seriously and started the make in India initiative instead of investing much in r&d and creating an ecosystem.
10 years later no meaningful manufacturing has been taken out from China and the one that did did not meet the quality that people were expecting.
Russia helped indian economy from 2022 much more than burgericans ever did

 

[Nutcracker]

View: https://x.com/BiharInfra_/status/1862457416551370786

View: https://x.com/BiharInfra_/status/1862473178540294145

 

[Spacemarine]

In 2014 it was a speculative promise from deep state that they would shift all the manufacturing from China to India. Gobhiji took the words seriously and started the make in India initiative instead of investing much in r&d and creating an ecosystem.
10 years later no meaningful manufacturing has been taken out from China and the one that did did not meet the quality that people were expecting.
Russia helped indian economy from 2022 much more than burgericans ever did

No one can promise anything, if corporations sees manufacturing scope, environment and future they invest in manufacturings no amount of r&d or so called ecosystem(what ecosystem?) would bring mass scale manufacturing inside India.

Only way to bring mass scale manufacturers is to create infrastructure, ease of setting up factories, easy labour laws.

I give Modi 10/10 on Infrastructure
7/10 on ease of setting up units(helps when state govt is BJP also)

And 2/10 on labour laws(lots of communist baggage to do the same)

I think Modi govt should take this as their last term and go for low hanging labour laws yes there will be backlash but for future of India one needs to take up that.

May be raul Vinci and cabal wins the 2029 but once labour laws are in practice I see more mass scale manufacturers coming to BJP rules states like UP, Maha and Guj may be 2034 Yogi once comes to power can carry forward the India story.

 

[Roshan]

RBI seems to be too slow on rate cuts.
No matter what they do, they can’t control food inflation (which seems to always push the number high). Only farms laws could fix it greatly.

IMO they should cut rates to boost consumer spending and businesses.

Some insights on this below. Diva who is actually a fan of RBI policy so far is now mad at them and I agree with her thoughts.


View: https://x.com/divajain2/status/1855805456435810326?s=46


View: https://x.com/divajain2/status/1856522097679311030?s=46


View: https://x.com/divajain2/status/1862327754076602588?s=46

Gormint and its supporters itself forgets what one of the farm laws was for when every year you have onion and tomato being sold for 100 rs+ /kilo and there is talk of controlling 'food inflation'. Bhugto abhi Khalion ki appeasement karne ke bad.