Indian Economy

[R!TTER]

With Rupee depreciating the way it is.

Depreciating rupee is not a net negative; I'd argue as long as wage growth at home remains reasonable with increased employment, it's actually better, especially for services exports. The problem right now is with jobs and, yes, wage growth, both of which have stalled massively because of profit hungry companies!

 

[FalconSlayers]

India Inc revenue growth slows to 4-6% in December quarter

Read more at:

India Inc revenue growth slows to 4-6% in December quarter - ET EnergyWorld

India Inc Revenue Growth: India Inc’s revenue growth for the quarter ended December 2024 is estimated to have declined by 80-90 basis points year-on-year to 4-6%, according to an analysis of over 400 companies accounting for nearly half of the listed market capitalisation.

energy.economictimes.indiatimes.com

 

[Azaad]

View: https://twitter.com/TheEmissaryCo/status/1878277627229737329?s=19

 

[ezsasa]

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

gormint backed gyanis are being clever by half, Indian bureaucracy is one of the lowest in population ratio and wagebill, especially for scale of our economy.

this probably has to do with low tax to GDP ratio, if more taxes get collected babus will start hiring more babus.

Worldwide Bureaucracy Indicators Dashboard

These dashboards present data from the Worldwide Bureaucracy Indicators (WWBI)- a new dataset on public sector employment and wages.

www.worldbank.org

 

[shuturmurg]

gormint backed gyanis are being clever by half, Indian bureaucracy is one of the lowest in population ratio and wagebill, especially for scale of our economy.

this probably has to do with low tax to GDP ratio, if more taxes get collected babus will start hiring more babus.

View attachment 23041

Worldwide Bureaucracy Indicators Dashboard

These dashboards present data from the Worldwide Bureaucracy Indicators (WWBI)- a new dataset on public sector employment and wages.

www.worldbank.org

Problem is India has government employees in wrong things. Many of our govt. employees are in PSU's. In most developed countries, govt. employees are in police, military, teaching, healthcare, judges/judicial officials, municipal workers.

India has shortage of govt. schools and teacher to student ratios are too bad. That's why 50% of our students have to study in private schools, but poor people cannot afford private schools, so they don't have good opportunities. On other hand, there are countries like Finland which has one of the best schooling system in the world, but it has virtually banned private schools and almost everyone goes to govt. schools.

India also has shortage of judges and judicial officer, leading to backlog of cases. India has heavy shortage of municipal workers to clean cities. So, India has fewer workers where its needed.

For eg: USA has 3.3 million govt. school teachers. India has 9.5 million total teachers. Only 4.5 million govt. school teachers in india. To match USA's student/teacher ratio, India should have 20 million teachers and 90% of them in govt. schools instead of current 50%.

 

[shuturmurg]

India Inc revenue growth slows to 4-6% in December quarter

Read more at:

India Inc revenue growth slows to 4-6% in December quarter - ET EnergyWorld

India Inc Revenue Growth: India Inc’s revenue growth for the quarter ended December 2024 is estimated to have declined by 80-90 basis points year-on-year to 4-6%, according to an analysis of over 400 companies accounting for nearly half of the listed market capitalisation.

energy.economictimes.indiatimes.com

If Modi doesn't take any action in this budget, we are heading towards sub 5% growth. What a shame. India's natural growth rate was supposed to be 6-6.5%, which mean even if the govt. doesn't do anything (no reforms), India will grow at that rate due to underlying factors (population+productivity growth). Modi has managed to bring that down. Great achievement.

 

[karn]

If Modi doesn't take any action in this budget, we are heading towards sub 5% growth. What a shame. India's natural growth rate was supposed to be 6-6.5%, which mean even if the govt. doesn't do anything (no reforms), India will grow at that rate due to underlying factors (population+productivity growth). Modi has managed to bring that down. Great achievement.

I disagree, there is no such thing as "natural growth rate". Things do not improve by themselves.

 

[ezsasa]

Problem is India has government employees in wrong things. Many of our govt. employees are in PSU's. In most developed countries, govt. employees are in police, military, teaching, healthcare, judges/judicial officials, municipal workers.

India has shortage of govt. schools and teacher to student ratios are too bad. That's why 50% of our students have to study in private schools, but poor people cannot afford private schools, so they don't have good opportunities. On other hand, there are countries like Finland which has one of the best schooling system in the world, but it has virtually banned private schools and almost everyone goes to govt. schools.

India also has shortage of judges and judicial officer, leading to backlog of cases. India has heavy shortage of municipal workers to clean cities. So, India has fewer workers where its needed.

For eg: USA has 3.3 million govt. school teachers. India has 9.5 million total teachers. Only 4.5 million govt. school teachers in india. To match USA's student/teacher ratio, India should have 20 million teachers and 90% of them in govt. schools instead of current 50%.

atleast on republic day, i thought we would be spared "problem with India is" type of statements, apparently not.

both judiciary and schooling largely fall under state govts. don't know too much about how school administration works. from news, we know that some states tried contract teachers which ended up as protests to regularise them.

i know of an experiment to increase the judges in a state by lowering hiring standards which yielded very bad results. the state ended up with a batch of lower court judges who didn't know basic court procedures and even write proper judgements, where court clerks knew more about these things than the junior milords. case clearing rate automatically dropped.

 

[Hari Sud]

India on its 76th Republic Day: An Analysis

India today stands as a testament to its enduring civilization, one that has weathered repeated attempts at erasure during centuries of foreign rule. The Islamic rulers, over seven centuries, sought to suppress India’s indigenous identity and forcibly convert its populace to their faith. Later, British colonialists pursued a similar objective, albeit through more nuanced methods.

The British delved into India’s spiritual, philosophical, and literary traditions, reinterpreting them in ways that portrayed them as inferior to Christianity, a branch of the Abrahamic faiths. They rewrote India’s history, embedding these distortions into the education system, thereby omitting the core essence of a civilization that has thrived for over 5,000 years.

Despite these challenges, India’s rich cultural and spiritual heritage has endured, and today, it continues to flourish, reflecting the resilience of its ancient roots.

India: Charting Its Path to Self-Governance Post-1947

In 1947, the British departed from India, leaving it economically devastated and on the brink of collapse. With a population of 390 million at the time, India faced the daunting challenge of importing nearly everything essential for survival—food, consumer goods, and basic necessities. To compound the crisis, the British partitioned the country along religious lines, triggering ongoing conflicts over military and economic dominance.

India, a land of immense diversity where 22 major languages and over 350 dialects are spoken, required a comprehensive framework to govern itself. This need led to the creation of a constitution, completed by 1950, which established India as a parliamentary democracy. The states were subsequently reorganized into manageable administrative units, each functioning independently while being connected through a federal system and a central parliament.

In this system, the majority party governs, and the head of state is elected by both houses of parliament. Every citizen of voting age of 18, has the right to elect their representatives, ensuring a democratic process at both state and national levels.

Despite its challenges and frequent criticism from the West, India’s democratic framework has proven resilient and effective. This stands in stark contrast to several neighboring countries where governance systems have faltered. India’s journey of self-rule continues to be a remarkable testament to its strength and adaptability.

India’s Determined Path to Economic Progress

From the outset, economic progress was a critical priority for India’s government. Initially, the country adopted the Soviet-style Five-Year Plans, which remained in place for three to four decades. While this approach brought some progress, it was largely mediocre. By 1985, food shortages were effectively addressed through river harnessing and agricultural modernization. However, India’s industrial growth lagged, necessitating the import of numerous consumer and industrial goods.

The financial crisis of 1991 served as a turning point. The realization that stringent controls and licensing policies were stifling growth led to their abandonment. With the economy liberated from these restrictive practices, India entered a golden era of economic transformation.

Over the past 35 years, India has witnessed remarkable economic progress. Reforms introduced in 2014 further accelerated this growth, propelling the nation to an impressive 8% annual growth rate—the highest in the world. This determined effort has firmly positioned India as a global economic powerhouse.

Where India Stands Today

India today is a $4 trillion economy for 1400 million people, poised to become the fourth-largest economy in the world. It has established itself as a global trade hub, importing and exporting goods to meet its needs.

India’s military strength is formidable, earning recognition not only from neighboring countries but also from major world powers. Internationally, India commands respect, and its voice carries weight in global affairs.

What makes this progress remarkable is that India has achieved it largely through its own efforts and ingenuity, with minimal reliance on external assistance. This self-reliant growth underscores the resilience and determination of the nation.

Long live India.

 

[ezsasa]

India on its 76th Republic Day: An Analysis

India today stands as a testament to its enduring civilization, one that has weathered repeated attempts at erasure during centuries of foreign rule. The Islamic rulers, over seven centuries, sought to suppress India’s indigenous identity and forcibly convert its populace to their faith. Later, British colonialists pursued a similar objective, albeit through more nuanced methods.

The British delved into India’s spiritual, philosophical, and literary traditions, reinterpreting them in ways that portrayed them as inferior to Christianity, a branch of the Abrahamic faiths. They rewrote India’s history, embedding these distortions into the education system, thereby omitting the core essence of a civilization that has thrived for over 5,000 years.

Despite these challenges, India’s rich cultural and spiritual heritage has endured, and today, it continues to flourish, reflecting the resilience of its ancient roots.

India: Charting Its Path to Self-Governance Post-1947

In 1947, the British departed from India, leaving it economically devastated and on the brink of collapse. With a population of 390 million at the time, India faced the daunting challenge of importing nearly everything essential for survival—food, consumer goods, and basic necessities. To compound the crisis, the British partitioned the country along religious lines, triggering ongoing conflicts over military and economic dominance.

India, a land of immense diversity where 22 major languages and over 350 dialects are spoken, required a comprehensive framework to govern itself. This need led to the creation of a constitution, completed by 1950, which established India as a parliamentary democracy. The states were subsequently reorganized into manageable administrative units, each functioning independently while being connected through a federal system and a central parliament.

In this system, the majority party governs, and the head of state is elected by both houses of parliament. Every citizen of voting age of 18, has the right to elect their representatives, ensuring a democratic process at both state and national levels.

Despite its challenges and frequent criticism from the West, India’s democratic framework has proven resilient and effective. This stands in stark contrast to several neighboring countries where governance systems have faltered. India’s journey of self-rule continues to be a remarkable testament to its strength and adaptability.

India’s Determined Path to Economic Progress

From the outset, economic progress was a critical priority for India’s government. Initially, the country adopted the Soviet-style Five-Year Plans, which remained in place for three to four decades. While this approach brought some progress, it was largely mediocre. By 1985, food shortages were effectively addressed through river harnessing and agricultural modernization. However, India’s industrial growth lagged, necessitating the import of numerous consumer and industrial goods.

The financial crisis of 1991 served as a turning point. The realization that stringent controls and licensing policies were stifling growth led to their abandonment. With the economy liberated from these restrictive practices, India entered a golden era of economic transformation.

Over the past 35 years, India has witnessed remarkable economic progress. Reforms introduced in 2014 further accelerated this growth, propelling the nation to an impressive 8% annual growth rate—the highest in the world. This determined effort has firmly positioned India as a global economic powerhouse.

Where India Stands Today

India today is a $4 trillion economy for 1400 million people, poised to become the fourth-largest economy in the world. It has established itself as a global trade hub, importing and exporting goods to meet its needs.

India’s military strength is formidable, earning recognition not only from neighboring countries but also from major world powers. Internationally, India commands respect, and its voice carries weight in global affairs.

What makes this progress remarkable is that India has achieved it largely through its own efforts and ingenuity, with minimal reliance on external assistance. This self-reliant growth underscores the resilience and determination of the nation.

Long live India.

good one.

add a bit about how from day 1 India endeavoured to build a aspirational modern state by giving a lot of importance to freedoms and rights. usually newly created post-colonial states focus on rights and freedoms much later after their formation. which meant for us that Indian state was focussing on a lot of things at the same time.

for example :
- even before writ of state is fully established across the sovereign territory, both public and Indian state was working on things like human rights.
- focussing on distributing the pie, before focussing on increasing the pie.

etc.

how do we know this?
by looking at the ratio of literature that exists on these topics. there is far far more literature within India on rights and freedoms than on establishing writ of the state. more literature exits on distributing the pie, than on increasing the pie.

 

[vin pahadi (kumauni)]

View attachment 23013

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

lol...do u guys include us (uttarakhand) in uttarpradesh again??? dont do this type of racism . even small goa is included in this state list.

 

[shuturmurg]

This is how a country that is serious about dominating most consequential technology of this century looks like :

 

[vin pahadi (kumauni)]

This is how a country that is serious about dominating most consequential technology of this century looks like :

View attachment 23045

let us become a middle income country first...in our stage chinese was even worse. now they r in USA nd europe level. we r still in surviving mode.

 

[angryindian]

let us become a middle income country first...in our stage chinese was even worse. now they r in USA nd europe level. we r still in surviving mode.

We do not have the luxury of having "time" in our hands. Right now,If we do not work towards achieving an edge over disruptive technologies like AI, we will be left so far behind that it will be next to impossible to catch up with the rest of the world. We will end up with another "missing the manufacturing boat".

 

[sauntheninja]

We do not have the luxury of having "time" in our hands. Right now,If we do not work towards achieving an edge over disruptive technologies like AI, we will be left so far behind that it will be next to impossible to catch up with the rest of the world. We will end up with another "missing the manufacturing boat".

Say this but for a country with a per capita income of 2.5k we have other priorities. Top end AI research is good but it won't create millions of jobs. US, China will always be able to pay their scientists and researchers better and our best talent won't hesitate to leave.

You can't have top end research happening when 45-50% of your population is still employed in agriculture and are barely surviving

 

[haldilal]

View: https://x.com/haldilal/status/1883401987871387742

 

[ezsasa]

We do not have the luxury of having "time" in our hands. Right now,If we do not work towards achieving an edge over disruptive technologies like AI, we will be left so far behind that it will be next to impossible to catch up with the rest of the world. We will end up with another "missing the manufacturing boat".

yesterday i tried chatgpt canvas to write a few simple codes thru prompts.
not an expert on how well it is doing on handling complex tasks. even five years ago, i wouldn't have estimated that such a facility online will be publicly available.

 

[sauntheninja]

yesterday i tried chatgpt canvas to write a few simple codes thru prompts.
not an expert on how well it is doing on handling complex tasks. even five years ago, i wouldn't have estimated that such a facility online will be publicly available.

For small isolated tasks it's good but it's not at the level of building a complex app. It's a glorified stack overflow for now

 

[Ultraman]

We do not have the luxury of having "time" in our hands. Right now,If we do not work towards achieving an edge over disruptive technologies like AI, we will be left so far behind that it will be next to impossible to catch up with the rest of the world. We will end up with another "missing the manufacturing boat".

best not live in delusional world where we willl 'catch up' .

chinese just opensourced a model that they say was trained with just 3% of resources of openai and its on par with latest openai model

GitHub - deepseek-ai/DeepSeek-R1

Contribute to deepseek-ai/DeepSeek-R1 development by creating an account on GitHub.

github.com

they just fucked openai by releasing it for free , have a feeling the 3% is a lie , and its to fuck up american investment into training hardware.

 

[rockdog]

best not live in delusional world where we willl 'catch up' .

chinese just opensourced a model that they say was trained with just 3% of resources of openai and its on par with latest openai model

GitHub - deepseek-ai/DeepSeek-R1

Contribute to deepseek-ai/DeepSeek-R1 development by creating an account on GitHub.

github.com

they just fucked openai by releasing it for free , have a feeling the 3% is a lie , and its to fuck up american investment into training hardware.

I have a conspiracy theory that, the ccp government made it open source, to show how easy and cheap a LLM would be, to break the AI investment bubble in USA, and reduce the importance of Nvida, decrease its GPU sales, them Chinese companies would get it more easily...

The boss of the company attended in government meeting and showed on CCTV with Chinese PM.




OK, some real background i asked my friend working in financial secotr, it made by Huan Fang Inc., a hedge fund company, focused on quantum trading. They made too much money and have to pay more than $1 billion as profit tax each year. So the management team and CTO decaided doing something expensive ...

This company was very low profile as top 3 profitable hedge fund, only people working on such niche market knows its existence. It's also a coincidence & surprice in Chinese IT community.