Indian Economy

[sameer]

Babus are killing the economy. Either Modi does something about it or needs to get out of the way and make room for someone who will tame the babus and get the economy back on track.

A lot of the babucracy happens at the state and local level, esp if anything to do with land and its use, construction permits, electricity etc. Not much Mudi can do there.

Though, what he can do is cut down babudom at the central level like simplifying GST compliance etc. That alone would probably help MSME's a lot.

 

[crazywithmath]

View: https://x.com/Trinhnomics/status/1882600268472451388

Vietnam's real growth has lagged behind India's in recent years.

Either way, India and vietnam (mostly) compete across different verticals. I do not see what India 'learns' from them. Do we want India to become a rerouting/assembly hub for chong goods? Is it even possible? We have been through this before back at the old DFI.

Why has this 'vietnam story' exploded so much tho? Came across a number of news articles and YT videos - all published in recent months. Thought the hype dialled down post covid because their economy was not faring that well?

How quick Indian companies are while investing abroad. Making sure India never industrialises into an export oriented economy. And unlike chinese companies who belong to a rich developed country controlling the entire supply chain, these clowns are exact opposite.

Waaree Energies begins commercial production at US solar module plant

Waaree Energies, an Indian renewable energy company, has begun commercial production of solar modules at its manufacturing facility in Brookshire, Texas, becoming the first Indian firm to establish a PV module plant in the US. The facility currently has a production capacity of 1.6 GW, with...

economictimes.indiatimes.com

They are hedging to go global and take advantage of NAFTA (even if you ignore Trump 2.0). As long as they are expanding domestically and meeting PLI/export targets, why do you even care? Also, the recently elected Trump admin has started cutting back on domestic green energy/infra funding - let them run their plant at full capacity first (the Biden era incentives are gone now).

 

[ezsasa]

View: https://twitter.com/ArmchairPseph/status/1882649917518467268?s=19

http://web.archive.org/web/20250124...mic-slowdown-our-very-own-deep-state-9796010/

@crazywithmath ; @ezsasa

these days i am realising that unless someone has multi-domain expertise including economists, their opinions are not going to give way to implementable solutions small or big, or atleast trigger the cycle of thought that ultimately leads to series of steps with implementable solutions .

problem statements are going to be plenty in this country, we should be looking for opinions that can lay a forward path with ingredients in hand rather than those focussing on impossible task of moving a mountain to get to a molehill. babudom is a immovable mountain as of now.

in this case, babudom alone does not explain the state of affairs. leadership of the past since 47, set us up in a particular direction. and on his point on bringing down fiscal deficit by relying on taxation, yes it is true. but what else does he expect from a country with socialism in it's preamble. babus in cabinet rank today have grownup and entered service during socialist era, it cannot be the case that those formative years will not have an impact.

now i am assuming, there will be a lot of hulla about babudom the big bad wolf, but nothing useful is going to come out of it.

 

[Hari Sud]

Repairing U.S.-India Relations Quickly

During the Vajpayee era (1998-2004), intensive political and diplomatic efforts sought to address misunderstandings between the U.S. and India. Secret talks led by U.S. Deputy Secretary of State Strobe Talbott and Indian Minister Jaswant Singh concluded that both nations often shared objectives but differed in approach, causing friction without actual enmity. These differences were rooted in their contrasting contexts: the U.S. as the world’s largest economy and democracy, and India as a developing nation emerging from colonial subjugation. Progress in relations was interrupted when President Clinton left office, George W. Bush became President, and the U.S. shifted focus to the aftermath of 9/11.

A new opportunity emerged with Prime Minister Modi, whose outreach to the U.S. fostered a strong partnership. President Obama’s visit in 2015 and President Trump’s in 2020 strengthened ties. Despite China’s growing influence, India’s economic strides gained American admiration.

However, the 2022 Russian invasion of Ukraine strained relations. While India avoided siding with either party, it continued buying Russian oil, displeasing the U.S. The U.S. imposed sanctions on Russia but failed to stop global energy purchases, including by Europe and India. This divergence fueled American frustrations, expressed through indirect pressure and an abrasive ambassador to India, Eric Garcetti.

India remained patient, awaiting a better moment to reset ties. That moment arrived with President Trump’s 2024 election victory. His administration prioritized ending the Ukraine war and appointed India-friendly officials while dismissing hostile ones, including Ambassador Garcetti. With these changes, U.S.-India relations are poised for a fresh start.

Repair India-U.S. Relations: The Time is Now

A thaw in India-U.S. relations has begun, marked by the removal of Eric Garcetti as U.S. ambassador—a move sending positive signals. The new, India-friendly Secretary of State, Marco Rubio is already engaging with all four QUAD foreign ministers, who attended President Trump’s swearing-in ceremony. Talks of a potential visit by Prime Minister Modi to Washington in the next three months further underscore the shift. India’s restraint during strained times has only enhanced its global stature.

With U.S. oil production set to rise, the need for India to rely on Russian oil may diminish, strengthening energy cooperation. It is also likely that the U.S. will withdraw support for Khalistani leaders and resolve unnecessary legal disputes, such as the questionable charges against an Indian citizen accused of attempting to harm a terrorist with fraudulent U.S. citizenship. President Trump, known for his pardons, may resolve this swiftly.

Under the Biden administration, delays in GE jet engine supplies were seen as artificial roadblocks. With Trump in charge, these deals are expected to accelerate. Furthermore, India urgently needs F-35 fighter jets to counter threats from China and Pakistan. While India is developing its own stealth fighter, its operational readiness is a decade away. The F-35 could fill this critical gap, and a green light from Trump would significantly boost defense ties.

Economically, India is poised to benefit from the “China-plus-one” strategy. With its workforce, infrastructure, and capabilities, India is ready to serve as an alternative manufacturing hub. A nudge from the Trump administration could drive U.S. companies to invest in India.

India is prepared to strengthen ties, leaving past irritations behind. The moment for renewed partnership and business is here; India do not miss it.

 

[Blademaster]

Best way to repair Indo-US ties to need nothing from the US and tell them that India doesn’t give a fuck and will do what it needs to do.

 

[R!TTER]

Yup, the US is no one's friend, although China is definitely an enemy right now! Our best course of action is to be self-sufficient as much as possible.

 

[notaname]

@haldilal @Suryavanshi move to other thread if any of this topic.
____________________

View: https://x.com/Tejasvi_Surya/status/1882675041193885916?t=NtJQOO8zksR37vCh6it2LA&s=19

This is yet another instance of private health insurers going back on their commitments.

Many middle-class citizens are increasingly turning to private health insurance providers as a critical lifeline for themselves and their families. These plans boast of a robust coverage and hassle-free claims, while charging customers exorbitant premiums.

But when insurers fail to honour genuine claims, it leaves citizens vulnerable and puts a Question mark on the safety net of health insurance.

As per information given by the IBAI (Insurance Brokers Association of India), the best performer in the Claims Paid Ratio (The total number of claims paid divided by the total number of Claims available for processing) was New India (Public Sector General Insurers) with 95.04%, followed by Aditya Birla Health (Standalone Health Insurer) at 94.52%. Other Large General Insurers such as IFFCO Tokio, Bajaj Allianz, SBI General have claims paid ratio of 91.70%, 90.29% and 88.86%. Other Standalone Health Insurers such as Niva Bupa, Manipal Cigna and Care Health have around 88% claims paid ratio.

However, if one takes a look at the Claims Paid Ratio on the Amount of Claims (The Total amount of Claims paid divided by the Total amount of Claims available for processing), New India, Oriental Insurance, National Insurance - all public sector - have impressive ratio of 98.74%, 97.35% and 87.95%.

The same for Standalone health insurers Aditya Birla Health, Niva Bupa, Manipal Cigna, Care Health and Star Health are all less than 71%. Similarly, the Health Claims Paid Ratio based on the amount for Small Private Sector General Insurers such as Liberty General, Acko, Zurich Kotak & Royal Sundaram reflect poorly.

This is not to target anyone, but highlighting the need for better regulation and grievance redressal for the customers.

After all, in the 2022-23 period, the health insurance sector issued 2.26 crore health insurance policies. And these policies provide coverage to an impressive 55 crore individuals.

But not even one private insurance provider reported payment of more than 90% of the amount claimed and only 3 paid more than 80% of the amount claimed in 2022-23.

During a Zero Hour discussion on December 4, 2024, I had raised the need for fair claim settlements for the citizens of the country relying on health insurance.

I once again urge IRDAI to look into this issue and rein in such unethical practices.

@FinMinIndia @MoHFW_India

 

[ezsasa]

Then we have clowns like this bragging about MoUs worth $200 billion of which none will be deployed and calling it as "attracting investment".

View: https://youtu.be/U73bnr_9AJo?si=VkzpEVCSFaeTXIND

let's do a basic instinct test.

if i say other countries send their finance ministers to davos, India sends chief ministers, what are the first thoughts that pop up?

 

[Anants]

let's do a basic instinct test.

if i say other countries send their finance ministers to davos, India sends chief ministers, what are the first thoughts that pop up?

Federalism.

 

[ezsasa]

Chandrababu Naidu's Vision To Build India's First Drone City | Davos 2024​

View: https://youtu.be/44pDCvJuNcU

 

[karn]

let's do a basic instinct test.

if i say other countries send their finance ministers to davos, India sends chief ministers, what are the first thoughts that pop up?

The former wants to attract the attention foreign equity firms. The latter is looking for FDI.
It is also an indication that the investment climate is not the same throughout the country.

 

[RedPhantom]

Chandrababu Naidu's Vision To Build India's First Drone City | Davos 2024​

View: https://youtu.be/44pDCvJuNcU

We need to corner drone manufacturing soon, one way or another. DJI has 70% of the market and Trump is going to ban it soon.

 

[crazywithmath]

let's do a basic instinct test.

if i say other countries send their finance ministers to davos, India sends chief ministers, what are the first thoughts that pop up?

Even the orange man is addressing them and threatening tariffs.

Trump tells Davos: Make your products in America or pay tariffs

US President Donald Trump told world business leaders Thursday to manufacture in the United States or they might face tariffs, in his first major speech to world leaders since returning to the White House this week. "Come make your product in America and we will give you among the lowest taxes...

economictimes.indiatimes.com

 

[FalconSlayers]

How quick Indian companies are while investing abroad. Making sure India never industrialises into an export oriented economy. And unlike chinese companies who belong to a rich developed country controlling the entire supply chain, these clowns are exact opposite.

Waaree Energies begins commercial production at US solar module plant

Waaree Energies, an Indian renewable energy company, has begun commercial production of solar modules at its manufacturing facility in Brookshire, Texas, becoming the first Indian firm to establish a PV module plant in the US. The facility currently has a production capacity of 1.6 GW, with...

economictimes.indiatimes.com

LoL Indian companies are desperately investing billions abroad creating capacities elsewhere. Kiss the dreams of India's export led growth a goodbye.

Essar Group to invest $650 mn more in US steel plant: Prashant Ruia - Essar

As President Donald Trump rolls out his Make in America plans, India’s Essar Group is finalising an additional $650 million investment in its plant in the state of Minnesota. It had invested $1.7 billion earlier. PRASHANT RUIA, director of Essar Group, in a telephone interview from the World...

www.essar.com

Essar also continues to burn cash in their loss making refinery in UK if I'm not mistaken. Need a danda for India inc.

 

[FalconSlayers]

View: https://x.com/MinhazMerchant/status/1883013231062749188

 

[ezsasa]

LoL Indian companies are desperately investing billions abroad creating capacities elsewhere. Kiss the dreams of India's export led growth a goodbye.

Essar Group to invest $650 mn more in US steel plant: Prashant Ruia - Essar

As President Donald Trump rolls out his Make in America plans, India’s Essar Group is finalising an additional $650 million investment in its plant in the state of Minnesota. It had invested $1.7 billion earlier. PRASHANT RUIA, director of Essar Group, in a telephone interview from the World...

www.essar.com

Essar also continues to burn cash in their loss making refinery in UK if I'm not mistaken. Need a danda for India inc.

that's what business families do, when they want to expand their portfolio globally.
if samsung(lee family) and suzuki family thought only local production is more important than everything else, they wouldn't have been a global conglomerate today.

another family that comes to mind is ISPAT steel(mittal family), father and elder brother stayed in India, younger brother expanded in UK.

 

[shade2]

View: https://x.com/MinhazMerchant/status/1883013231062749188

Why are suddenly Baboons being bashed?
Is there some major reform on the horizon of baboons?

 

[sauntheninja]

View: https://x.com/MinhazMerchant/status/1883013231062749188

With Rupee depreciating the way it is. Export led growth is the only to achieve this. Can consumption led growth which has its ups and down cycles achieve this feat

 

[shade2]

With Rupee depreciating the way it is. Export led growth is the only to achieve this. Can consumption led growth which has its ups and down cycles achieve this feat

Country is noncompetitive for export-oriented growth viz others like Vietnam.

Our country's big advantage is the large domestic market than can be used to as an incentive to get factories that do export like Apple and Samsung's plants,. and ofc our scale as an unsaturated market.

 

[Miss Firing]

Fiscal health Index

Southern states fall behind in fiscal health; Andhra, Kerala at the bottom

NEW DELHI: Most South Indian states have been performing poorly in managing their finances, Niti Aayog’s Financial Health Index 2025 showed. Three states – Andh

www.newindianexpress.com

Southern states fall behind in fiscal health; Andhra, Kerala at the bottom​

The Fiscal Health Index (FHI) evaluates states on expenditure quality, revenue mobilisation, fiscal prudence, debt index and debt sustainability.

Odisha, Chhattisgarh, Goa among top-performing States in NITI Aayog's fiscal health index

Odisha, Chhattisgarh, Goa, and Jharkhand lead in NITI Aayog's Fiscal Health Index 2025, showcasing strong fiscal performance.

www.thehindu.com

Odisha, Chhattisgarh, Goa among top-performing States in NITI Aayog's fiscal health index​

According to the report, Punjab, Andhra Pradesh, West Bengal, and Kerala were the worst-performing States in Fiscal Health Index, each focusing significant fiscal challenges, and listed under 'aspirational' category.​

**

Balle balle has score of 10.7