Indian Economy

[haldilal]

Ya'll Nibbiars

Everything related to the economy will be discussed here.

 

[haldilal]

Ya'll Nibbiars

 

[FalconSlayers]

 

[sameer]

Changing of base year for GDP calculations.

India's GDP calculations set for an upgrade as MOSPI sets up panel to revise base year

The Ministry of Statistics and Programme Implementation (MoSPI) has formed a 26-member committee led by Biswantah Goldar to update the base year for national accounts, aiming to align key economic indices with current economic trends. This includes potentially shifting from the current base year...

economictimes.indiatimes.com

 

[sameer]

Mobile phone exports: India captures 50% share of fall in shipment from China, Vietnam

India's proactive strategies in capturing supply chain shifts, coupled with diversification efforts through the China+1 strategy, have propelled the country into a leading position in mobile phone exports. The remarkable growth in exports, particularly in the iPhone segment, signifies a...

economictimes.indiatimes.com

 

[FalconSlayers]

With a rapidly declining Japanese GDP and a declining Yen, it seems certain that we will become 4th largest economy this year itself.

https://www.reuters.com/markets/asia/japan-downgrades-q1-gdp-annualised-29-drop-due-construction-data-corrections-2024-07-01/

 

[Sanatani]

https://www.livemint.com/economy/plis-textile-pli-scheme-production-linked-inventives-nda-3-0-plans-textile-exports-textile-industry/amp-11718694297443.html

PLI being extended to innerwears and T Shirts. Bangladesh textile sector will have tough competition now.

 

[Bigshot]

India's mobile exports surge 40.5 per cent
China and Vietnam exports fall
India captures almost half of their lost market!

 

[FalconSlayers]

View attachment 339
India's mobile exports surge 40.5 per cent
China and Vietnam exports fall
India captures almost half of their lost market!

Who captured the other half? I We should've had captured almost the entirety.

 

[Bigshot]

Who captured the other half? I We should've had captured almost the entirety.

ASEAN countries probably

 

[karn]

https://www.moneycontrol.com/economic-indicators/India-current-account-13515923

Current account surplus .. this is insane. how did this happen?
Is @crazywithmath here ?

 

[crazywithmath]

https://www.moneycontrol.com/economic-indicators/India-current-account-13515923

Current account surplus .. this is insane. how did this happen?
Is @crazywithmath here ?

Structural surplus (price effects); won't be sustained this fiscal.

There is in fact, a contentious theory explaining why a sustained current account surplus is damaging for an emerging economy and the explanation is complex (folks were fighting over it on SM, hehe) - the erstwhile Asian tigers were notable exceptions.

A summary of the said theory;

Sustained CAS => Importers owe money to the exporting nation (an emerging economy here) => Taxpayers of a developing country funding consumption in developed nations => Govt of the developing nation not spending enough for their citizens

 

[darkflame]

With a rapidly declining Japanese GDP and a declining Yen, it seems certain that we will become 4th largest economy this year itself.

https://www.reuters.com/markets/asia/japan-downgrades-q1-gdp-annualised-29-drop-due-construction-data-corrections-2024-07-01/

View attachment 315

seems like yen is trying to chase PKR

 

[Freedom Thru Firepower]

 

[FalconSlayers]

Structural surplus (price effects); won't be sustained this fiscal.

There is in fact, a contentious theory explaining why a sustained current account surplus is damaging for an emerging economy and the explanation is complex (folks were fighting over it on SM, hehe) - the erstwhile Asian tigers were notable exceptions.

A summary of the said theory;

Latest world bank classifications, it will take us a lot of time to touch upper middle income status without sustained current account surplus.

 

[crazywithmath]

Latest world bank classifications, it will take us a lot of time to touch upper middle income status without sustained current account surplus.
View attachment 884

Not necessarily, as I mentioned CAS is not at all a prerequisite for sustained high growth - the Asian tigers were outliers. Also, WB classification standards have remained remarkably static over the past 10-15 years (because the global economy has slowed down).

 

[haldilal]

1 .

Hypro launches new cryogenic tank range for global market

India-based gas storage solutions provider Hypro has launched a new line of cryogenic tanks to store and transport liquid oxygen, carbon dioxide, and nitrogen.

www.gasworld.com

2 .

Bharat Biotech includes ICMR as co-owner of COVAXIN patent

www.newsbytesapp.com

3 .

https://www.narendramodi.in/mobile/pm-inaugurates-ges-multi-modal-manufacturing-facility-at-chakan-pune

4 .

https://www.moneycontrol.com/news/business/adani-group-plans-to-invest-3-billion-to-set-up-its-1st-pumped-storage-hydropower-unit-report-12754747.html

5 .

Ergodemy Opens New Western Region Headquarters in Pune- The Week

6 .

Press Trust Of India

www.ptinews.com

7 .

Sun Pharma inks pact with Takeda to introduce gastrointestinal drug in India

The company has entered into a non-exclusive patent licensing agreement with Takeda to commercialise Vonoprazan tablets in strengths of 10 and 20 mg in India

www.bizzbuzz.news

8 .

Sany unveils India-made SKT105E electric dump truck - ET Auto

Sany India: The e-truck combines local expertise with global innovation. Designed to meet the rigorous demands of open-cast mining operations, this fully electric off-highway dump truck has exceptional energy efficiency, cost-effectiveness and a payload capacity of 70 tonnes, the company said.

auto.economictimes.indiatimes.com

9 .

JSW Infrastructure set to win Murbe port deal as Swiss Challenge tender fails to attract bidders - ET Infra

Murbe Port: The suo moto proposal submitted by JSW Infrastructure will now be scrutinised and sent to the government for approval after which it will be awarded, a Maharashtra Maritime Board official said

infra.economictimes.indiatimes.com

10 .

WILO Mather and Platt Pumps expects 25 pc of revenue from exports in next 2-3 years

WILO Mather and Platt Pumps strategically invests in India, emphasizing capacity enhancement and global operations. The company envisions substantial revenue growth through exports and heightened domestic demand, supported by a robust manufacturing infrastructure and strategic market expansion...

m.economictimes.com

11 .

Bajaj Auto sets up new plant in Brazil

Bajaj Auto Ltd. inaugurates new plant in Brazil, expanding global presence with focus on Dominar and Pulsar models.

www.thehindu.com

12 .

Avaada Group to launch green methanol projects in two states over next three years - ET EnergyWorld

Avaada Group: Plans to set up ‘multiple’ green ammonia, green methanol, and other green fuels production capacity as well

energy.economictimes.indiatimes.com

 

[FalconSlayers]

Not necessarily, as I mentioned CAS is not at all a prerequisite for sustained high growth - the Asian tigers were outliers. Also, WB classification standards have remained remarkably static over the past 10-15 years (because the global economy has slowed down).

It was some 4.2k 2 years back not 4.5k can't say its static.

 

[sameer]

 

[RDXChauhan]

https://www.firstpost.com/tech/beij...-in-shipment-from-china-vietnam-13787929.html