Indian Economy

[Indianhawk]

i will have to give a name to this behavioural pattern, every time a piece of information is presented the pathological instinct by some to give this kind of response.

or maybe this is already studied and i am yet to find out.

Self depreciation . Classic comedy.

Process of evolution means that Delhi people will develop stronger lungs eventually.

And then we will finally top the Olympics tally.

 

[ezsasa]

Self depreciation . Classic comedy.

but there is no "self" here. not an inch is conceded to India, but always on the look out to take a mile , all in the name of "well wishers of India".

 

[Indianhawk]

but there is no "self" here. not an inch is conceded to India, but always on the look out to take a mile , all in the name of "well wishers of India".

Essays could be written trying to understand this.
The easiest way to gauge Indian behaviour is to see cricket fans. Lose a match a whole team is declared looser forever with no hope of redemption.
Win a small match and suddenly we have the best betting order in the world till is collapses complete next time. Rinse and repeat.

 

[Azaad]

View: https://twitter.com/DoT_India/status/1890388665936843087?s=19

 

[ArjunMK1A]

View: https://twitter.com/DoT_India/status/1890388665936843087?s=19

Feeling Praud moment. Coming from an BSNL family, this is good news for now. At least they are here to ensure JIO, Airtel, VI in check. Hope they get 4g and 5g roll out faster. Currently not even properly available in Chennai.

 

[Azaad]

Bharat Forge Targets 50% Growth In Aerospace Business, Explores Plan To Move Manufacturing To India

The company, in its Q3 earnings investment presentation, announced plans to set up a dedicated machining line for landing gear components and a ring mill for manufacturing high-precision forgings.

www.ndtvprofit.com

European economy is in a crisis & they're still in their support Ukraine at all costs mode.

 

[sauntheninja]

Essays could be written trying to understand this.
The easiest way to gauge Indian behaviour is to see cricket fans. Lose a match a whole team is declared looser forever with no hope of redemption.
Win a small match and suddenly we have the best betting order in the world till is collapses complete next time. Rinse and repeat.

The Mumbai roads are on another level of bad. There is no way to justify this and just digging up everything in the name of concretization and then just delaying the work is criminal like behavior.

 

[Migflug]

View: https://www.youtube.com/watch?v=mIJyWHBwKe8&ab_channel=CarnegieEndowment

 

[eastern_bhartiya]

View attachment 25298
View attachment 25300
View attachment 25301
View attachment 25302
View attachment 25303

View: https://www.youtube.com/watch?v=mIJyWHBwKe8&ab_channel=CarnegieEndowment

Pics are pretty hard to see here, but 10 trillion by 2034 is hard, without massive growth in high-value sectors and capital flight that is happening right now

 

[FalconSlayers]

Again asking, how sustainable is India's growth given the severe lack of resources? Unless we discover shit tonnes of oil, I have no reasons to believe we'll ever have a large economy. Probably that's why the urgency for National Green Hydrogen mission and Hydrogen based economy and ethanol blending.

List of countries by oil production - Wikipedia

en.wikipedia.org

 

[Migflug]

Again asking, how sustainable is India's growth given the severe lack of resources? Unless we discover shit tonnes of oil, I have no reasons to believe we'll ever have a large economy. Probably that's why the urgency for National Green Hydrogen mission and Hydrogen based economy and ethanol blending.

List of countries by oil production - Wikipedia

en.wikipedia.org

Earlier in terms of fuel, only thorium could have saved us. But we were never serious about our nuclear energy. We should have gone the French route and we still could given some recent thorium innovation.
But the good thing is solar energy is booming both in India and worldwide, so at least in terms of electricity we would be fine, and when conventional cars are replaced by EVs it would reduce the petroleum dependency.
If you are not mineral-rich, the only way to prosperity is through technological innovation like in Japan, Korea, Taiwan, etc. If we don't miss the coming 4th industrial revolution via AI, we might make it, else we will be stuck in the middle-income trap like the most industrialized economies.

 

[eastern_bhartiya]

Again asking, how sustainable is India's growth given the severe lack of resources? Unless we discover shit tonnes of oil, I have no reasons to believe we'll ever have a large economy. Probably that's why the urgency for National Green Hydrogen mission and Hydrogen based economy and ethanol blending.

List of countries by oil production - Wikipedia

en.wikipedia.org

Nuclear can work, but for that you have to break the back of all these NGOs. There are places in India where solar is quite viable, we can do that too . I've come across stuff about s'pore burning trash as heat source for generators, can our heaps of burnable trash be used that way ?. Our transmission infra is quite fucking bad in a lot of areas, that can fix a lot of power degradation.

Centralized AC in big apartments can reduce their power usage.
There're a lot of hydroelectric projects coming up in coming years.
Maximize energy infrastructure, add windmills where its possible , even if the area is small
Oil is there, its just not economical to drill, plus there is always OPEC mafia and great satan itself.
Move up to high value industries that is like only way to escape middle-income trap ( when we get there)

 

[ezsasa]

Again asking, how sustainable is India's growth given the severe lack of resources? Unless we discover shit tonnes of oil, I have no reasons to believe we'll ever have a large economy. Probably that's why the urgency for National Green Hydrogen mission and Hydrogen based economy and ethanol blending.

List of countries by oil production - Wikipedia

en.wikipedia.org

not an issue as such, worst case scenario the country can go back to SEZ model of concentrating allied manufacturing in one location, SEZs will get 24/7 electricity(almost) and others don't, which is what used to happen earlier. what the current gormint is doing is developing over and above the SEZ and industrial estate model by trying distribute the prosperity of economic activity across large areas thru industrial corridors. these plans were there before too, but gormints were not able to execute them due to political uncertainty.

next phase of India's growth will come from high value goods. a manufacturing unit is a manufacturing unit, but value of what they manufacture matters. in other words moving up the value chain.

 

[Spacemarine]

Again asking, how sustainable is India's growth given the severe lack of resources? Unless we discover shit tonnes of oil, I have no reasons to believe we'll ever have a large economy. Probably that's why the urgency for National Green Hydrogen mission and Hydrogen based economy and ethanol blending.

List of countries by oil production - Wikipedia

en.wikipedia.org

Keyword is not oil keyword is Energy…

We have tons of Coal go big in coal at same time built renewables and also build strategic reserves for Oil.

Transitions to electric or hydrogen based transportation specially for commercial needs.

Public will buy whatever it wants.

 

[arjuntank]

View: https://x.com/MeghUpdates/status/1891083793101926763

 

[ezsasa]

May 24

India moves 100 metric tonnes of gold from U.K. to domestic vaults​

https://www.thehindu.com/business/E...rom-uk-to-domestic-vaults/article68236237.ece

Oct 24

Growing strong: 60% gold reserves held domestically, shows RBI data​

https://www.business-standard.com/e...al-holdings-says-rbi-data-124102901367_1.html

Feb 25

Why are U.S. banks flying gold from London to New York?​

Why are U.S. banks flying gold from London to New York?

About 8,000 gold bars have been moved out of the Bank of England’s vaults in recent months

www.independent.co.uk

 

[Blademaster]

May 24

India moves 100 metric tonnes of gold from U.K. to domestic vaults​

https://www.thehindu.com/business/E...rom-uk-to-domestic-vaults/article68236237.ece

Oct 24

Growing strong: 60% gold reserves held domestically, shows RBI data​

https://www.business-standard.com/e...al-holdings-says-rbi-data-124102901367_1.html

Feb 25

Why are U.S. banks flying gold from London to New York?​

Why are U.S. banks flying gold from London to New York?

About 8,000 gold bars have been moved out of the Bank of England’s vaults in recent months

www.independent.co.uk

Gold reserves being held domestically need to go to 95-98% of all gold reserves held by India.

 

[ezsasa]

Gold reserves being held domestically need to go to 95-98% of all gold reserves held by India.

and you will be paying for the transporting costs everytime gold needs to be traded from vault to vault?

 

[RedPhantom]

View attachment 25298
View attachment 25300
View attachment 25301
View attachment 25302
View attachment 25303

View: https://www.youtube.com/watch?v=mIJyWHBwKe8&ab_channel=CarnegieEndowment

It shows that we need 10% growth rate till 2034, that will be very hard to achieve.


Also, I read somewhere that if China needs to overtake the US, it must do it before 2028, else it never will. Chinese economy will naturally slow down, and the US, even with 4% growth rate will remain ahead due to sheer size.

 

[concard]

It shows that we need 10% growth rate till 2034, that will be very hard to achieve.


Also, I read somewhere that if China needs to overtake the US, it must do it before 2028, else it never will. Chinese economy will naturally slow down, and the US, even with 4% growth rate will remain ahead due to sheer size.

10% growth rates is only possible if you keep investing in infrastructure and building things you don't need like China. You will be creating a society which will be hooked on credit. Chinese people might save a lot but when it comes to buying a house they borrow from family members and ofcourse the banks. The same is true for their government which has built most of the infrastructure on "Local government financing vehicles". I have been saying this for a long time. I will say it again here.

It is far better to target GDP growth rate of 7-8% every year for the next 50 years with inflation below 2.5% instead of growth rates of 10%+ for few years here and there with inflation above 4% and low growth rates rest of the time. Consistent growth rates is far better than tiny patches of high growth rates in a 50 year time frame. Growing organically and being able to maintain consistent growth rate regardless of global economic situation is the way to go.