Indian Economy

[FalconSlayers]

Have they looked into moving up the Value Chain? Last time I saw, we are importing Surgical Grade Steel and likes of that with Dhandomaxxers scraping bottom barrel crumbs.

We are even importing CRGO meant for transformer production, just when we're expanding our power infra rapidly. Dhandhos are rent seeking crooks.

 

[Nutcracker]

Arvind S is writing articles after articles urging the RBI to 'let' the currency fall and find its 'natural value' and here you are saying 'currency is in free fall'.

Will have to look up the details but pretty sure INR is among the best performing Asian currencies (if not the best perming one already).

One Subramani wants currency to fall,
Other Subramani (K) wants currency to maintain strength.

Have they looked into moving up the Value Chain? Last time I saw, we are importing Surgical Grade Steel and likes of that with Dhandomaxxers scraping bottom barrel crumbs.

These leeches never strive for volume. There is no long term vision in these old Indian business houses.

 

[Blademaster]

Unpopular opinion- we should let Chinese set up their factories in India, preferably with an Indian partner. Since Trump will impose tariffs on Chinese exports, their manufacturers will also frantically search for other destinations. It is a very small window we have, and we should not let it go. It is very natural if Chinese are used to set up or better our manufacturing base, just like Koreans and Japanese were used in China.

No because the Chinese will send all their profits without paying any taxes and bring in their own employees from China. They will laugh all the way to the bank while we are stuck holding the bag.

 

[FalconSlayers]

Exports this year *might* touch $840 billion at current rate. Piyush should use his black magic to push this to a trillion dollars in next 2 years.

The cumulative overall exports during April-October 2024 is estimated at USD 468.27Billion, as compared to USD 436.48Billion in April-October 2023, with an estimated growth of 7.28%

India’s total exports (Merchandise and Services combined) for October 2024* is estimated at US

pib.gov.in

View: https://youtu.be/ILNLXWw9UrI

 

[bakofbakchod]

We are even importing CRGO meant for transformer production, just when we're expanding our power infra rapidly. Dhandhos are rent seeking crooks.

yup. all are good for nothing rent seeking scums. On the CRGO side, the situation will be bad until ~2027 when new capacity becomes active

>In FY 2024, India required 400,000 tonnes of CRGO steel. However, domestic production was limited to just 50,000 tonnes, and the country imported 239.2 thousand tonnes from international markets.

No Domestic CRGO Steel Till 2027; Industry Appeals For Allowing Imports

India is grappling with an acute shortage of cold rolled grain-oriented (CRGO) steel, a crucial material used in the production of distribution and power transformers that are essential components of the country's power grid infrastructure.

knnindia.co.in

 

[FalconSlayers]

What exactly are these ethane and naptha crackers?

View: https://x.com/lakshmishaks/status/1872348973958377745