Indian Economy

Varoon4 said:
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.
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Watch Curly Tales featuring Elli AvrRam, a Swiss actress, she explored various towns, villages, and cities in Bihar.

View: https://youtu.be/SqMZK0i_xl8?si=7O2XCQK-wnfht_z0

View: https://youtu.be/kl8pajmZ8aI?si=v1lSXo6So9ub2qHl

View: https://youtu.be/N7t7G7RCQgU?si=S5IHvODIcI6YbnDO

View: https://youtu.be/3KmkDLMTWNU?si=vgnkxzUZivk_GQXX

View: https://youtu.be/Q9jJ4XGVxu4?si=_oFRBkta3bsplwMG
 
ezsasa said:
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.
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oh thanks that was pretty well explained.
 
 
The Israeli lady speaks Hindi virtually like an Indian would, with accent and intonation, pronunciation.
 
eastern_bhartiya said:
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.
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So true. When I brought the concept of leaf blowers and pressure washing machines and other tools that would greatly aid in cleaning up the streets of India and reduce trash, I was told it was unrealistic because labor is so cheap. But they couldn't think of the productivity efficiency gains and etc. You could capture more business with less people by being more efficient etc.
 
Brutal chinese mogging, 8 out of top 10 institutes are chinese :


2024 Research Leaders: Leading academic institutions | Nature Index

The Nature Index tracks the affiliations of high-quality scientific articles. Updated monthly, the Nature Index presents research outputs by institution and country. Use the Nature Index to interrogate publication patterns and to benchmark research performance.
www.nature.com www.nature.com
 
FalconSlayers said:
You clearly don't know what GDP is, and think it is just a number. Most Indians are too guilt-tripped into accepting that they are some subsaharan failed state and they continue to live in that delusion forever.
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While calling India a sub-Saharan African country is a stretch, we still remain an overwhelmingly impoverished country. Outside Sub-Saharan Africa, very few countries have lower per capita income than ours.
 
angryindian said:
While calling India a sub-Saharan African country is a stretch, we still remain an overwhelmingly impoverished country. Outside Sub-Saharan Africa, very few countries have lower per capita income than ours.
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India is ranked 141st for nominal gdp per capital and 125 for ppp gdp per capita. Once India gets to the 80th rank or so it won’t be that bad because it effectively means that India is now in the top 50% in terms of gdp per capital
 
angryindian said:
While calling India a sub-Saharan African country is a stretch, we still remain an overwhelmingly impoverished country. Outside Sub-Saharan Africa, very few countries have lower per capita income than ours.
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I'd rather have "low income" levels on IMF/UN/WB websites than our people being unable to spend and consume more than countries "richer" than us, on those websites. Otherwise even kanglus claim to have sem2sem income levels as us. Also, by your logic there's barely a few countries outside SSA worse than Vietnam. Ranking is one thing, proportions are different. India for example is world's 2nd largest producer of cement, but China is on number 1 spot with 5 times more production than us.
 
Blademaster said:
So true. When I brought the concept of leaf blowers and pressure washing machines and other tools that would greatly aid in cleaning up the streets of India and reduce trash, I was told it was unrealistic because labor is so cheap. But they couldn't think of the productivity efficiency gains and etc. You could capture more business with less people by being more efficient etc.
Click to expand...
Who told you pressure washing and other tools are not used for cleaning in India?

I have mentioned it multiple times in Indore we have many machines to just sweep and clean the roads, but problem is not enough budget to buy for whole city so to offset that manual labour is used for sweeping in internal roads of city.

And I have seen other cities having them as well. Main issue is with finding the money for purchasing so much that whole city can be covered which is not possible as we are not wealthy like western countries.
 
FalconSlayers said:
I'd rather have "low income" levels on IMF/UN/WB websites than our people being unable to spend and consume more than countries "richer" than us, on those websites. Otherwise even kanglus claim to have sem2sem income levels as us. Also, by your logic there's barely a few countries outside SSA worse than Vietnam. Ranking is one thing, proportions are different. India for example is world's 2nd largest producer of cement, but China is on number 1 spot with 5 times more production than us.
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Damn!

@FalconSlayers is a bhosdapillar's worst nightmare once he gets into the mood. :creepy:
 
FalconSlayers said:
Here's some more.
economictimes.indiatimes.com

L&T to set up pellet, DRI plant in Middle East & North Africa region

Larsen & Toubro (L&T) is set to establish a pellet and direct reduction of iron (DRI) plant in the MENA region. The project, for a leading steel player, involves designing, building, and constructing the facilities using advanced technologies, under L&T's Minerals & Metals business.
economictimes.indiatimes.com economictimes.indiatimes.com
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Dhandhos have been fed enough PLI carrots, it's time for the stick now.
 
FalconSlayers said:
Here's some more.
economictimes.indiatimes.com

L&T to set up pellet, DRI plant in Middle East & North Africa region

Larsen & Toubro (L&T) is set to establish a pellet and direct reduction of iron (DRI) plant in the MENA region. The project, for a leading steel player, involves designing, building, and constructing the facilities using advanced technologies, under L&T's Minerals & Metals business.
economictimes.indiatimes.com economictimes.indiatimes.com
Click to expand...

this is misleading. They are the construction company, not the owner.

www.zawya.com

India’s L&T unit bags’ major’ steel project expansion in MENA

The company will set up pellet and DRI plants
www.zawya.com www.zawya.com
 
notaname said:
Who told you pressure washing and other tools are not used for cleaning in India?

I have mentioned it multiple times in Indore we have many machines to just sweep and clean the roads, but problem is not enough budget to buy for whole city so to offset that manual labour is used for sweeping in internal roads of city.

And I have seen other cities having them as well. Main issue is with finding the money for purchasing so much that whole city can be covered which is not possible as we are not wealthy like western countries.
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It is possible tho, it just that local municipal corps have little actual control over their funding coz state govt has to take them to give jizya to dehatis. Even after this, compared to west our local bodies are way too politicised. In the us for example most of the mundane stuff like cleaning, trash collection and such are done no matter who controls the city council l.

Third is just lack of planning from officials at this level, for example despite having funds they will not hire cleaning workers, operating these machines can't just be done by a Normal mazdoor unless they're given training. I have personally seen city cleaning staff will take stuff like plastic non biodegradable stuff and just burn it in a open field. Most of time they don't even pick up most stuff cause they have a time quota to fulfill and aren't paid enough to really care for every area. You write a whole book about why urban indian areas suck so much.
 
eastern_bhartiya said:
It is possible tho, it just that local municipal corps have little actual control over their funding coz state govt has to take them to give jizya to dehatis. Even after this, compared to west our local bodies are way too politicised. In the us for example most of the mundane stuff like cleaning, trash collection and such are done no matter who controls the city council l.

Third is just lack of planning from officials at this level, for example despite having funds they will not hire cleaning workers, operating these machines can't just be done by a Normal mazdoor unless they're given training. I have personally seen city cleaning staff will take stuff like plastic non biodegradable stuff and just burn it in a open field. Most of time they don't even pick up most stuff cause they have a time quota to fulfill and aren't paid enough to really care for every area. You write a whole book about why urban indian areas suck so much.
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The things apart from corruption and funding issues which cannot be solved normally.

The issue which you mentioned for labourers is not there in Indore, there is no shortage of labour's and they are monitored tightly and it all comes down to SOP from top level. That's the only reason Indore always comes first in cleanliness.
 
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