Indian Economy

[londonparistokyo]

This is extremely old news. Iphone 15 manufactured in India came out on Par with Foxconn China unit. Foxconn brought their Chinese mid level supervisors to train our workforce before 15 launch and completed the training process.

After that we have 16 launched. This is the old info which the Panel act surprised.

Meanwhile that China man told we are training the same workforce as China who will replace us eventually. Also told the harsh reality with Foxconn.

What does it mean by "matching the yield?"

 

[londonparistokyo]

Why? As per economic survey itself, those corporates are sitting on tonnes of cash, generated lots of profits but haven't increased salaries of employees while CEOs are getting fat with hikes. If anything companies not increasing salaries or investing on R&D should be taxed more and vice versa coz Indian dhandhos are crooks.

Actually a pretty excellent idea. Must have R&D budget with demonstrable publications and results + salary or substantially higher tax

 

[londonparistokyo]

Feels like most of our industry heavyweights have scarcity mentality, where if they invest 100rs they're hoping for 110rs next year, aka 10rs quick profit.R&D will take years but will give you 500 profits and actual some power on global tech sphere.

But the thing is our elites have the same mentality as a middle class guy juggling between income and expenditure, despite making record profits they think of just making quick bucks. Until more aspirational generations starts filling governance boards of these firms, govt push is only thing that will have any r&d in this country. we see small firms and MSMEs out investing established giants in IT contractor mazdoori sector.

Better to have some public-private partnership with willing industrial partners and most importantly students from elite IITs. Another thing is salary that a researcher gets here is less than what your average Hr guy makes like 2-3 into service, you tell me how is one suppose to be motivated to do any research.

Gen-Ai stuff is mads by those with masters and PhD, not 22 year old btech grads. It's discouraging to do masters, cause of factor ranging from cost, availablity of seats, and believe it or not our Mazdoori It companies actual for some reason think doing masters is a bad thing and you get some negative points in Their hiring process if you aren't working since graduation from btech.

Bhai I am going to share a harsh truth. I cannot speak for others but really only myself. I believe Indians, we suffer from civilizational scarcity mentality. We are scared of taking a chance on ourselves. There's no doubt that we probably will be far more successful if we do it, but something, and I haven't figured out what, has us scared of spending even $1 on ourselves if it means in 5 years, we will be making $100 on every $10 we spend. I don't know why this is the case. I don't understand it. Our mentality is genuinely to doubt ourselves and each other. Why???? I don't know.

 

[Nutcracker]

What does it mean by "matching the yield?"

Production per hour, Defect rate, RMA/warranty claim rate etc

 

[eastern_bhartiya]

Bhai I am going to share a harsh truth. I cannot speak for others but really only myself. I believe Indians, we suffer from civilizational scarcity mentality. We are scared of taking a chance on ourselves. There's no doubt that we probably will be far more successful if we do it, but something, and I haven't figured out what, has us scared of spending even $1 on ourselves if it means in 5 years, we will be making $100 on every $10 we spend. I don't know why this is the case. I don't understand it. Our mentality is genuinely to doubt ourselves and each other. Why???? I don't know.

There was something my college prof was said like few months back, that you would see people complaining about having to keep maid on social media, the thing is a vacuum cleaner is quite effective for most 2bhk houses, but if you discuss it with people they will treat it as some sort of expensive purchase. Most vaccum cleaner that are good enough cost like 5-10k rs at best. I am someone with dust allergies and vacuum has been fucking godsent for me and I had to convince my parents to get one cause they thought same thing that vaccum are a waste.

There was some comments back in reddit years ago that said that Indians are actually just incapable of good and efficient planning outside very few, which as I get older, realise to be plain facts. And scarcity mentality is not just there in tech sector it's everywhere, our film makers are get a single decent story to theatres, it's same variant of 5 type of movies.

One thing we have to accept that, years of socialist brainwashing and cultural programming has basically made a large part of our awaam hate efficiency. Adani is closest thing we have to a actually somewhat forward thinking billionaire who is constantly trying to dip his toes into different industries instead of sitting on his ass after success in one sector. Examples are endless and it will frustrate any indian who actually wants this country go somewhere.

 

[londonparistokyo]

Well, many are aware of my prior criticisms of Indian society and people. I understand that the majority are very poor, but the wealthy and well-to-do don't really do much from what I've seen to help underprivileged people either. I don't know how to teach people to plan past 1 year ahead, but we really do as a people, need to learn how to plan 1, 5, 10, 50, 100 years ahead. This is critically important for us.

I also believe most Indians are awful at horizontal thinking. I am! Innovation requires horizontal thinking and not vertical thinking, but we have been ingrained since birth to be afraid of risk taking and be afraid of getting things wrong. I think beatings btw have a lot to do with this. I hope that for the folks that have children and are raising the next generation, they are taught that it is okay to make mistakes and they should instead take risks.

TIME MANAGEMENT– CAPT AJIT VADAKAYIL

MANAGING TIME LATERALLY– CAPT AJIT VADAKAYIL This piece on TIME MANAGEMENT is for Masters of ships and top management ashore. As usual I am leaving it un edited and deliberately disjointed. Y…

captajitvadakayil.in

 

[ezsasa]

There was something my college prof was said like few months back, that you would see people complaining about having to keep maid on social media, the thing is a vacuum cleaner is quite effective for most 2bhk houses, but if you discuss it with people they will treat it as some sort of expensive purchase. Most vaccum cleaner that are good enough cost like 5-10k rs at best. I am someone with dust allergies and vacuum has been fucking godsent for me and I had to convince my parents to get one cause they thought same thing that vaccum are a waste.

There was some comments back in reddit years ago that said that Indians are actually just incapable of good and efficient planning outside very few, which as I get older, realise to be plain facts. And scarcity mentality is not just there in tech sector it's everywhere, our film makers are get a single decent story to theatres, it's same variant of 5 type of movies.

One thing we have to accept that, years of socialist brainwashing and cultural programming has basically made a large part of our awaam hate efficiency. Adani is closest thing we have to a actually somewhat forward thinking billionaire who is constantly trying to dip his toes into different industries instead of sitting on his ass after success in one sector. Examples are endless and it will frustrate any indian who actually wants this country go somewhere.

so you are adani level of out of box forward thinker because you insisted on your parents to buy a vaccum cleaner?

 

[Yuyutsu]

could someone clearly explain what is real GDP and nominal GDP , why is real GDP clubbed with PPP while nominal GDP is not. India's real GDP comes at 2.3T$ 2023-24 while 4.1T $ for nominal GDP.

why GDP growth rate is measured in real GDP growth while nominal is mostly sidelined?

 

[eastern_bhartiya]

so you are adani level of out of box forward thinker because you insisted on your parents to buy a vaccum cleaner?

idk, they were actually convinced that I had some underlying medical issue that made me extremely sick , mother actually doesn't believe that allergies are even real, I was pretty much forced to take albuterol cause that's what they would tell to docs on visits. and that shit wrecked me with muscle weakness and i started sleeping like 12 hours on holidays. funny thing is when i needed a covid vaccine certificate for my college, a blood test for antibodies revealed dust mite allergy and swollen throat cause, their student medical info require a test for allergies.

 

[ezsasa]

could someone clearly explain what is real GDP and nominal GDP , why is real GDP clubbed with PPP while nominal GDP is not. India's real GDP comes at 2.3T$ 2023-24 while 4.1T $ for nominal GDP.

why GDP growth rate is measured in real GDP growth while nominal is mostly sidelined?

GDP measures value addition of goods and services in a particular economy, it is not a measure of prosperity or networth of the economy.

real GDP is calculated at 2011-12 base price for India.
nominal GDP is calculated at current market prices.

ideally real GDP growth rate + inflation = nominal GDP growth rate.

but since our baseline prices are literally 14 years old, real GDP and nominal GDP does not sync anymore. we have to wait for base prices to be rebased nearer to current fiscal year.

PPP is calculated by global multilateral banks IMF and WB, not sure what do you mean by clubbing real and PPP GDP. they calculate PPP based on a comparitive prices of a basket of listed goods across the world like burgers etc.

nominal is sidelined, because of it is inclusive of inflation numbers which does not give actual growth in value addition. for example, for many years during UPA nominal growth numbers were high but inflation was also high, which means value of goods is being hiked because of inflation, which hides the real value addition. so real GDP numbers are preferred over nominal.

 

[eastern_bhartiya]

GDP measures value addition of goods and services in a particular economy, it is not a measure of prosperity or networth of the economy.

real GDP is calculated at 2011-12 base price for India.
nominal GDP is calculated at current market prices.

ideally real GDP growth rate + inflation = nominal GDP growth rate.

but since our baseline prices are literally 14 years old, real GDP and nominal GDP does not sync anymore. we have to wait for base prices to be rebased nearer to current fiscal year.

PPP is calculated by global multilateral banks IMF and WB, not sure what do you mean by clubbing real and PPP GDP. they calculate PPP based on a comparitive prices of a basket of listed goods across the world like burgers etc.

nominal is sidelined, because of it is inclusive of inflation numbers which does not give actual growth in value addition. for example, for many years during UPA nominal growth numbers were high but inflation was also high, which means value of goods is being hiked because of inflation, which hides the real value addition. so real GDP numbers are preferred over nominal.

Is there any push for rebasing, I am already seeing article about issues with rebasing, could be FUD.

https://economictimes.indiatimes.co...to-2022-23/articleshow/115898380.cms?from=mdr

• Standardizing Data Structures: Ensuring uniform quality reporting across the National Statistical System.
• Leveraging Administrative Data: Promoting better accuracy and comprehensiveness in statistical compilations.
• Economic Census: MoSPI has initiated processes to launch a new economic census to provide granular data on economic activities.

how are they gonna do the last two without general census tho

https://www.livemint.com/news/india/census-of-india-to-begin-from-2025-delimitation-lok-sabha-seats-set-to-be-completed-in-2028-report-11730103057799.html

an piece from oct, also mentions LS delimitation, not gonna go into political shitshow that will come out this.

 

[Varoon4]

It saddens me to see people from Bihar migrating to other states in India solely for their livelihood, with most working in the textile sector. However, a significant number have found success, establishing their own textile firms in Tamil Nadu, Gujarat, Punjab, and other parts of the country. If these entrepreneurs were to return and invest in Bihar, it could significantly reduce the need for people to migrate for work.

The textile sector, despite generating more jobs with lower investment, does not receive as much attention as the IT or automobile industries. Another promising sector for Bihar is tourism. Even today, Bihar is ranked as the 8th most visited destinations by foreign tourists.
Maharashtra: 33.88 lakh
Gujarat: 28.07
West Bengal: 27.07
Delhi: 18.28
Rajasthan: 17.00
Uttar Pradesh: 16.02
Tamil Nadu: 11.75
Punjab: 7.42
Kerala: 6.49
Bihar: 5.47
Goa: 4.53
Karnataka: 4.09
Jharkhand: 1.89
Madhya Pradesh: 1.83
Telangana: 1.61
Uttarakhand: 1.43
For Buddhism, Bihar holds the same significance as Mecca for Islam and the Vatican for Christianity. Additionally, all of India’s ancient empires originated from Bihar, making it a remarkable blend of history and natural beauty yet it remains underpromoted.

View: https://youtube.com/shorts/N4bh-iqzNMA?si=5tCapjLnt2rtie7Z

View: https://youtube.com/shorts/Uz4X9VASdjs?si=P6Ez7QTct1evoYLG

View: https://youtube.com/shorts/5zAHAQCMWYc?si=5UZs6j-g-odX4DpK

View: https://youtube.com/shorts/nTGah3DX0gY?si=DUEFuBNbkUlGBJqL

The third sector with immense potential is agriculture and food processing. With abundant water and fertile land, Bihar can significantly enhance agricultural output by effectively managing floods. This would not only boost food production but also provide raw materials for food processing industries and biofuel production, such as ethanol.

That is remarkable, it would be interesting to hear of the experiences of non Indians in Bihar. With respect to travel, accommodation, amenities, facilities, behavior of the local population etc.

 

[Nibbler]

could someone clearly explain what is real GDP and nominal GDP , why is real GDP clubbed with PPP while nominal GDP is not. India's real GDP comes at 2.3T$ 2023-24 while 4.1T $ for nominal GDP.

why GDP growth rate is measured in real GDP growth while nominal is mostly sidelined?

Current prices (nominal) vs fixed to a certain year (real)

 

[eastern_bhartiya]

taken from Gloomberg ( found on reddit ) some interesting data, 5.5 lpa and 9 lpa is most common range for tax payers which is about 45k to 80k per month base salary, the ranges are arbitrary here for some reason .depending on the place 45k and 80k is difference between comfortable life and barely making ends meet in a month. second highest is 37k to 41k per month range. I would like to see a further breakdown of that 45-80k group

 

[ezsasa]

Is there any push for rebasing, I am already seeing article about issues with rebasing, could be FUD.

https://economictimes.indiatimes.co...to-2022-23/articleshow/115898380.cms?from=mdr

• Standardizing Data Structures: Ensuring uniform quality reporting across the National Statistical System.
• Leveraging Administrative Data: Promoting better accuracy and comprehensiveness in statistical compilations.
• Economic Census: MoSPI has initiated processes to launch a new economic census to provide granular data on economic activities.

how are they gonna do the last two without general census tho

https://www.livemint.com/news/india/census-of-india-to-begin-from-2025-delimitation-lok-sabha-seats-set-to-be-completed-in-2028-report-11730103057799.html

an piece from oct, also mentions LS delimitation, not gonna go into political shitshow that will come out this.

yes, rebasing will happen.

real GDP is 184 lakh crore, nominal GDP is 324 lakh crores. the difference between the two is ridiculous.

general census has no direct relation to do with economic data collection, economic data is collected thru large sample surveys. even if there some sync issue, we have to assume they will chose statistical models that take into account the discrepancies.

all municipalities will have a general idea about domicile populations, because they issue birth and death certificates.

 

[crazywithmath]

https://www.telegraphindia.com/business/volkswagen-sues-indian-authorities-over-1-4-billion-tax-demand-calls-it-impossibly-enormous/cid/2081177

Looks like the GoI's reputation is coming back to haunt it but this time I believe it's ze Germans who're at fault.

Yeah, Volkswagen was gaming the system and exploiting a loophole. Fuck them. Every time some corporate tax/tariff chor is hounded they give the same boilerplate response ('muh investor confidence reee', 'we wuzz leave India and shiet reee' etc). Let them leave India and try their luck selling their ckd cars in ccpstan while they are at it. We will see how it goes for them.

 

[Suryavanshi]

how is this relevant

Please mention your age it is very relevant.

I see a pattern here.

 

[londonparistokyo]

Is it possible for the Indian automobile manufacturing sector to increase manufacturing? Any domestic companies working on a domestic vehicle? Btw if your family has a Hindustan Ambassador, keep it. Even in America, people want them. They are truly beautiful specimens of vehicles.

 

[Ajatshatru]

With Nitish Kumar at helm... Nalanda is never an option but a choice.

Central Government has confirmed at least three greenfield airports in Bihar, while the rest will be brownfield projects. I think these three greenfield airports will be in Rajgir, Bhagalpur, and Chhapra.

 

[eastern_bhartiya]

Is it possible for the Indian automobile manufacturing sector to increase manufacturing? Any domestic companies working on a domestic vehicle? Btw if your family has a Hindustan Ambassador, keep it. Even in America, people want them. They are truly beautiful specimens of vehicles.

Well, they will produce according to demand. our sales were 40 lakh in 2023 and 43 lakhs in 2024 .

https://www.businesstoday.in/india/...d-rural-consumption-revival-459236-2025-01-01

I am surprised that it didn't went down given slow down in auto sector from mid 2024, but still could have grown more If conditions were alr.