Indian Economy

[shuturmurg]

View attachment 18720
Graph looks worse over the 10 years

Is this only goods trade ? Btw, this November's deficit is goods trade is so high because we imported 14 billion USD of gold


Full release :

The cumulative overall exports during April-November 2024 is estimated at USD 536.25 Billion, as compared to USD 498.33 Billion in April-November 2023, with an estimated growth of 7.61%.

India’s total exports (Merchandise and Services combined) for November 2024* is estimated at USD 67.

pib.gov.in

 

[haldilal]

 

[ezsasa]

Is this only goods trade ? Btw, this November's deficit is goods trade is so high because we imported 14 billion USD of gold


Full release :

The cumulative overall exports during April-November 2024 is estimated at USD 536.25 Billion, as compared to USD 498.33 Billion in April-November 2023, with an estimated growth of 7.61%.

India’s total exports (Merchandise and Services combined) for November 2024* is estimated at USD 67.

pib.gov.in

Indian women haven't discovered stock market yet

 

[brokenfang]

Is this only goods trade ? Btw, this November's deficit is goods trade is so high because we imported 14 billion USD of gold


Full release :

The cumulative overall exports during April-November 2024 is estimated at USD 536.25 Billion, as compared to USD 498.33 Billion in April-November 2023, with an estimated growth of 7.61%.

India’s total exports (Merchandise and Services combined) for November 2024* is estimated at USD 67.

pib.gov.in

Still not impressive. And i don't understand decrease in petroleum exports

 

[brokenfang]

Mudi Xi masterclass

 

[ezsasa]

View attachment 18723

Mudi Xi masterclass

how much of this is consumed directly within India, and how much of it is value added (for domestic consumption and export) ?

 

[Nutcracker]

View attachment 18720
Graph looks worse over the 10 years

Here is another POV.

 

[brokenfang]

how much of this is consumed directly within India, and how much of it is value added (for domestic consumption and export) ?

I don't know. Have to find. But i find alarming having this much imports from the enemy

 

[Nutcracker]

Indian women haven't discovered stock market yet

I guess this mega purchase was for ongoing 1 month super duper Marriage season.

 

[ezsasa]

But i find alarming having this much imports from the enemy

it's a global issue, every country including U.S is grappling with and trying to find solutions to.

that's what QUAD, ICET, PLI, SEMICON policy etc. are for, trying to balance the playing field.
similar policies are happening in U.S as well.

 

[Migflug]

Here is another POV.
View attachment 18724

Unless we strengthen our manufacturing to at least cater to domestic needs, we won't become a substantially large economy. Our manufacturing should at least cover the CAD, don't even need to become another China. But we are falling even in that. Sad state of affairs!!

 

[ezsasa]

Unless we strengthen our manufacturing to at least cater to domestic needs, we won't become a substantially large economy. Our manufacturing should at least cover the CAD, don't even need to become another China. But we are falling even in that. Sad state of affairs!!

your post makes it sound like no one is trying, is it your assumption that no one is trying?
other than raghuram rajan fanclub, is there anyone saying India should not expand manufacturing?

 

[ezsasa]

from time to time, some of the opinions in this thread is filled with myopic marxist chooran, as if good trade and economy numbers are an entitlement.

No, good economic numbers are not an entitlement, it's a merit based system.

if customers have money to buy, numbers go up.
if customers do not have money to buy, numbers go down.

and a myriad complexities built with in, with literally crores of people going to work everyday to make this happen, with multiple parallel cycles running with time frames of days, weeks, months, years and sometimes decades.

and most of the times, we don't even know why something happened in a particular way until much later, so we don't have answers for everything that happens in real time.

 

[karn]

I guess this mega purchase was for ongoing 1 month super duper Marriage season.

A lot of it was the RBI too.

RBI buys 32.63 tonnes of gold in first half of FY25

According to the RBI, the value of its gold holdings has shot up to $ 65.74 billion as of September 2024 as against $ 52.67 billion in March 2024.

indianexpress.com

 

[Migflug]

your post makes it sound like no one is trying, is it your assumption that no one is trying?
other than raghuram rajan fanclub, is there anyone saying India should not expand manufacturing?

Not trying enough. All governments are too busy handling freebies while our manufacturing as a percentage of GDP keeps going down despite Make in India/Aatmanirbhar Bharat. There needs to be structural reforms to push manufacturing which is not happening. MSMEs are dying and only large tickets are shown as a success story, which is eventually pulling down manufacturing numbers!!

 

[Miss Firing]

 

[ezsasa]

Not trying enough.

Nirvana fallacy

All governments are too busy handling freebies while our manufacturing as a percentage of GDP keeps going down despite Make in India/Aatmanirbhar Bharat. There needs to be structural reforms to push manufacturing which is not happening. MSMEs are dying and only large tickets are shown as a success story, which is eventually pulling down manufacturing numbers!!

are you a avid reader/viewer of sharad raghavan from coupta's channel?

"percentage of GDP" is marxist economists chooran, post absolute numbers as well. percentage can come down and value can still increase.

since MSME point was raised..

what was manufacturing GVA in 2014 and what is it now?
how many registered MSMEs are there in 2014 and what is the number now?
how much employment MSME was generating in 2014, and what is the number now?

present your case with data.

do note, i am not interested in proving you wrong. i'd rather have more people, have a realistic view of state of affairs.

just that these sort of opinions were fine a decade ago, when we used to dig deep to find actual data and to connect the dots( including gormint data). now there are more avenues of data, opinions and economic theories, to arrive at inferences and conclusions than what MSM opeds tell us.

 

[concard]

I am not a fan of trade deficit we run every year. But I believe there is some silver lining to it. When this paper currency dollar goes to shit, you bet at some point in this century it will, then obviously Gold is the only thing which can save us from pulling us down. They have weaponized the dollar and are printing insane amounts of it every year. If you think our trade deficit is huge, take a look at America's deficit especially their budget deficit i.e., fiscal deficit.



Americans are running Trillions in deficit year after year with no signs of slowing. There is no way they can pay back all that debt unless they simply print money which they always do. This year they are running $1.8 Trillion deficit. This is a ponzi scheme which at some point will collapse. When this shit goes down, every country will run to buy Gold. For the moment in time I think RBI might as well stack up some Gold reserves.

https://www.reuters.com/markets/us/us-budget-deficit-tops-18-trillion-fiscal-2024-third-largest-record-2024-10-18/#:~:text=The%20deficit%20for%20the%20year,%242.772%20trillion%20in%20fiscal%202021.