Indian Economy

[Ajatshatru]

Bihar’s Expressway Revolution: Commuters Will Be Able To Reach Patna From Any Corner Of State In Just 3 Hours

Bihar's Expressway Revolution: Commuters Will Be Able To Reach Patna From Any Corner Of State In Just 3 Hours-Know In Detail News24 -

The government of Bihar is currently implementing projects to improve road travel convenience. The state government has authorized the route planning for the construction of the Patna-Purnia Expressway and the Gorakhpur-Siliguri Expressway.

news24online.com

expressway development, along with other infrastructure projects, will involve an investment of Rs 1 lakh crore

The state government has authorized the route planning for the construction of the Patna-Purnia Expressway and the Gorakhpur-Siliguri Expressway. Additionally, the government aims to secure approval for the Raxaul-Haldia route in the coming month. A detailed project report for the Buxar-Bhagalpur via Lakhisarai Expressway is being prepared following its announcement in the Union Budget speech and will be ready soon

construction of a 662 km expressway is currently underway in Bihar, with active land acquisition processes in progress. These projects require an investment of over Rs 55,500 crore. Additionally, the construction of two expressways covering 607 km is estimated to cost Rs 41,760 crore.

 

[DingDong]

This is really bad. Physical mobility means dynamic economy. India's inability to create livable cities will bite in the ass, first with brain drain and now with this.

On the positive side, this will force the labor-intensive companies to relocate to the places which can guarantee greater availability of skilled manpower.

Immobility of the blue collar labor is the blessing in disguise for several North Indian states if they are willing to take advantage of the situation, particularly during the times when there is a trend of rising regionalism and linguistic jingoism in Karnataka and Tamilnadu which is certainly going to drive out fresh investments.

So far, Maharashtra and Gujarat are the prime beneficiaries. Madhya Pradesh can benefit as well because of it's special location.

Bihar’s Expressway Revolution: Commuters Will Be Able To Reach Patna From Any Corner Of State In Just 3 Hours

Bihar's Expressway Revolution: Commuters Will Be Able To Reach Patna From Any Corner Of State In Just 3 Hours-Know In Detail News24 -

The government of Bihar is currently implementing projects to improve road travel convenience. The state government has authorized the route planning for the construction of the Patna-Purnia Expressway and the Gorakhpur-Siliguri Expressway.

news24online.com

expressway development, along with other infrastructure projects, will involve an investment of Rs 1 lakh crore

The state government has authorized the route planning for the construction of the Patna-Purnia Expressway and the Gorakhpur-Siliguri Expressway. Additionally, the government aims to secure approval for the Raxaul-Haldia route in the coming month. A detailed project report for the Buxar-Bhagalpur via Lakhisarai Expressway is being prepared following its announcement in the Union Budget speech and will be ready soon

construction of a 662 km expressway is currently underway in Bihar, with active land acquisition processes in progress. These projects require an investment of over Rs 55,500 crore. Additionally, the construction of two expressways covering 607 km is estimated to cost Rs 41,760 crore.

There is an infrastructure revolution going on in Bihar. No wonder, voters have been handsomely rewarding BJP and it's allies during the recent elections.

 

[Ajatshatru]

On the positive side, this will force the labor-intensive companies to relocate to the places which can guarantee greater availability of skilled manpower.

Immobility of the blue collar labor is the blessing in disguise for several North Indian states if they are willing to take advantage of the situation, particularly during the times when there is a trend of rising regionalism and linguistic jingoism in Karnataka and Tamilnadu which is certainly going to drive out fresh investments.

So far, Maharashtra and Gujarat are the prime beneficiaries. Madhya Pradesh can benefit as well because of it's special location.



There is an infrastructure revolution going on in Bihar. No wonder, voters have been handsomely rewarding BJP and it's allies during the recent elections.

A strong infrastructure in Bihar is crucial for the security of Northeast and Bengal. all the airstrips in Bihar were built during the Indo-China War of 1962. more than 70 airstrips in Bihar were constructed during that time.

 

[SKC]

These idiots will get the money from the center, pocket all of it. The project's costs will escalate like anything and the state will then stop the project halfway. What the public will get is dug roads & pillars that go nowhere

god someone stop this nonsense , break JDU and steal all their MPs now. this is beyond hilarious , how can these idiots think of operating metro when they have 8th century roads(read it , no fkking roads). Whole cities are made up on a single fkking road and that too overly congested and these clowns want to bomb traffic for next 15 years there.... .

View attachment 26038

India is not a country where you wait for people and civil infra to improve and then build high ticket items like metros.
Its reverse here - build Metros and then people will upgrade themselves automatically.

All Metro projects were once called white Elephants but now almost every project has started improvement in local infra and ridership.​

 

[Aaj Ka Hero]

View: https://youtu.be/8nZks-8VyDg?si=unz4Nb9ObBGQvahz

 

[Azaad]

Blackstone, Panchshil to set up India’s largest data center with Rs 20,000-crore investment

Blackstone Group and Panchshil Realty plan to develop India's largest hyperscale data center with a 500 MW capacity in Navi Mumbai, investing over Rs 20,000 crore. The data center will be powered by up to 65% renewable energy and will encompass 14 buildings with over 3 million sq ft.

m.economictimes.com

 

[FalconSlayers]

View: https://x.com/CNBCTV18Live/status/1894306943189356776

 

[INVADER]

We spend ~140 Bn usd every year on oil imports....

Why doesn't govt impose some regulation that "By 2047 nearly 90% of vehicles on road should be EV" !

IMO, Energy independence is true independence....

What's status of Lithium mine found found in Jammu ?

we should build Nuclear reactors , battery industry , charging stations & Bullet train routes with those 140 Bn usd

 

[ArjunMK1A]

We spend ~140 Bn usd every year on oil imports....

Why doesn't govt impose some regulation that "By 2047 nearly 90% of vehicles on road should be EV" !

IMO, Energy independence is true independence....

What's status of Lithium mine found found in Jammu ?

we should build Nuclear reactors , battery industry , charging stations & Bullet train routes with those 140 Bn usd

No taker for Lithium mines bid. Will be re-tender.

Nuclear Reactors - NTPC, Tata Power, Jindal Nuclear were all joining the Modular Reactor Bandwagon. So far land scouting is going on.

Battery Industry - Exide, Amaron coming with Li battery manufacturing plant. TATA, Maruti Suzuki also building LI battery plant. With tech support from China man. On construction phase.

EV market is still in nascent stage and price correction is going on. Maybe in next 5 years we will see the shift.

Bullet train- slow progress, but looks like Mum-Del will be first route.

 

[Nutcracker]

"we-produce-oil-at-10-15-dollars-importing-at-85-dollars-vedanta-chairman"
DO we ?

MSN

Looks like We barely produce anything from those "cheap" oil fields.


Just focus on improving Sodium ion storage density, and multi floor charging facilties. Reliance already has faradion, they completed the acquisition just few months back.

 

[Migflug]

View: https://x.com/surajbrf/status/1894604304541257922?t=d2uCyVHE8A0VC5BOiNXsoA&s=19
India breaches 150 million tonnes of steel production

 

[ezsasa]

what is the current status of ESG industry in India, any firings / closures / backtracking happening?
Trump white house seems to have pulled the plug on their side of the atlantic.

 

[Indianhawk]

Developing countries in general will have higher tariffs. It has always been that way. When the West was developing(19th and 20th century), they behaved similarly. Same for South Korea and Japan, they had high tariffs too.

South korea for example even today has high tariffs(relative to its income level).

View attachment 26045

And also tbh, Trump is just boasting. He's already imposed 25% tariffs on all steel and aluminium from all countries which surely is not reciprocal. End of day, he'll say something to justify his point and do something completely different.

That said, I agree with your general point that our tariffs are relatively high when compared to our peers(Vietnam etc). This will come down gradually as our manufacturing develops and sign trade agreements.

South Korea being a smaller nation with limited population targeted sectors for its manufacturing and reduced tarrifs for components while increasing tariff on finished products in these sectors. Example automobile.

We being a much bigger nation need to do the same for many sectors.

 

[angryindian]

Indian consumers overview by blume research :

View attachment 25810

This is what happens when you skip manufacturing and jump directly to services. A minority population that has big purchasing power and a vast majority with almost no spending power.

Heavy dependence on low job-creating tertiary sector and lack of jobs in the secondary sector results in the vast majority of working-age people getting stuck in low-productivity jobs with little path to upskill or relocate.

 

[Indianhawk]

So much wrong with this take! Where do I even start?



Our weighted avg tariffs are not that high. Also, why exactly are we supposed to match the tariff structures of some uber rich nations?

These guys turned a blind eye when Japan and Korea did it. They did not care when the tiger club economies did it. Burgerboys were literally seducing European nations with Marshall plan fundings and made the conscious choice of outsourcing their manufacturing to countries who were 'loyal' to them. Heck, they let the chongs slap arbitrary trade barriers, exploit WTO and turned a blind eye to their state backed industrial espionage programmes just cuz the Murican dhandhos were salivating at the prospects of a rapidly growing PRC.

But suddenly it is an issue when we do it? Burgerboys run a tiny trade deficit with us and much of it is cancelled out by us procuring Murican military gears - why do they even care?



None of his fucking business. He should stick to playing buddies with Elmo and banging chicks against their consent.



A young market economy (liberalized in the '90s) attempts to build an industrial base by exploiting low cost manufacturing, offering generous state funded incentives and putting some tariff and non tariff barriers (standard framework everybody else adopted when they were growing) - the burgerboys do not really care (because they have an axe to grind against the chongs and even facilitates shifting of supply chains). But all of a sudden a new guy turns up, disrupts the status quo and all of that progress in on the verge of getting destroyed - if you do not see how this is going I have nothing more to add.



No, he won't. There was already a mega income tax exemption mela a few weeks back. Lowering 'muh taxes' anymore would bankrupt the govt.

This is the kind of lolbert crap Mihir Sharma et al have been propagating for years - do not buy into it.

I have posted some comparative charts depicting the weighted avg tariff rates of India and a bunch of emerging economies multiple times back in the old DFI. Trying to look them up, will post them here once I find them.

Also, the orange man and his lackeys would conveniently pick up 'simple avg tariffs' (and not the weighted avg tariffs) to propagate their narrative - yeah, nothing suspicious at all. And even simple avg tariffs have been reduced in the union budget.



He does not care. He won't run in 2028. His political career would be done in January, 2029 - he would go back to playing golf at Mar-a-Lago.

They turned a blind eye to Japan and Korea because these nations became part of American alliance and ran their foreign and industrial policy in coordination with USA. And they paid the price for it too. Remember plaza accord with Japan ! Soko is not being punished the same way because it's too small to be a threat to USA and anyway it's population is collapsing.

So USA and Europe won't treat us the same neither should be hope for that.

We need to reduce tariffs on all kinds of intermediate goods and components so that we can become manufacturing/ assembly hub for all kind of products.

You are being too focused on trump and USA. Look back at home. 60% of our population is still rural. Industrialization is still limited to tiny parts of nation and poverty ( though not extreme) is still reality for majority of country. We need more trade not less. And we need to grab whatever business we can grab from wherever in the world.

Chinese rode to prosparity with massive SEZs which are basically tariff free enclaves. We need to turn our bimaru states into massive SEZs so that they can become manufacturing epicenters and our burgeoning young population can get work.

None of that will happen with high tarrifs .

 

[The Juggernaut]

View: https://x.com/surajbrf/status/1894604304541257922?t=d2uCyVHE8A0VC5BOiNXsoA&s=19
India breaches 150 million tonnes of steel production

 

[concard]

View attachment 26154

You produce steel according to the demand. Why are we always comparing with China? Chinese are over producing steel. They are producing more than their requirement and exporting(dumping). They ramped up steel production after 2008 financial crisis to build massive infrastructure projects and housing. However, they never took the foot off the pedal fearing job losses. BRI kept the wheel running giving them a lifeline. But now they are simply dumping the steel abroad.

How China is exporting its domestic problem to India

Chinas manufacturing overcapacity, particularly in steel, has caused global disruptions as it exports excess products at low prices. Countries like India, grappling with the influx of cheap Chinese steel, are investigating and considering extending duties to shield local industries and promote...

economictimes.indiatimes.com

https://www.reuters.com/markets/commodities/vietnam-says-impose-temporary-anti-dumping-tariff-hot-rolled-coil-steel-china-2025-02-21/

https://www.reuters.com/markets/asia/south-korea-provisionally-slaps-tariffs-chinese-steel-plates-dumping-2025-02-20/

Steel dumping in Latin America reaches 'alarming' levels

Head of regional association calls for level playing field as Chinese imports double in a year

dialogue.earth

https://www.bloomberg.com/news/articles/2024-09-26/south-korea-opens-dumping-probe-on-stainless-steel-made-in-china

Chinese overcapacity is crushing the global steel industry

Governments are stepping in to protect local producers

www.economist.com

 

[The Juggernaut]

You produce steel according to the demand. Why are we always comparing with China? Chinese are over producing steel. They are producing more than their requirement and exporting(dumping). They ramped up steel production after 2008 financial crisis to build massive infrastructure projects and housing. However, they never took the foot off the pedal fearing job losses. BRI kept the wheel running giving them a lifeline. But now they are simply dumping the steel abroad.

How China is exporting its domestic problem to India

Chinas manufacturing overcapacity, particularly in steel, has caused global disruptions as it exports excess products at low prices. Countries like India, grappling with the influx of cheap Chinese steel, are investigating and considering extending duties to shield local industries and promote...

economictimes.indiatimes.com

https://www.reuters.com/markets/commodities/vietnam-says-impose-temporary-anti-dumping-tariff-hot-rolled-coil-steel-china-2025-02-21/

https://www.reuters.com/markets/asia/south-korea-provisionally-slaps-tariffs-chinese-steel-plates-dumping-2025-02-20/

Steel dumping in Latin America reaches 'alarming' levels

Head of regional association calls for level playing field as Chinese imports double in a year

dialogue.earth

https://www.bloomberg.com/news/articles/2024-09-26/south-korea-opens-dumping-probe-on-stainless-steel-made-in-china

Chinese overcapacity is crushing the global steel industry

Governments are stepping in to protect local producers

www.economist.com

Yeah, China's manufacturing steel with overcapacity to make ghost cities which in turn are demolished in real state bubble. Most of that is like addiction as if they under manufacture a lot of jobs will be affected.

 

[crazywithmath]

They turned a blind eye to Japan and Korea because these nations became part of American alliance and ran their foreign and industrial policy in coordination with USA. And they paid the price for it too. Remember plaza accord with Japan ! Soko is not being punished the same way because it's too small to be a threat to USA and anyway it's population is collapsing.

So USA and Europe won't treat us the same neither should be hope for that.

The Asian tiger club economies weren't 'allies' - far from it.

We need to reduce tariffs on all kinds of intermediate goods and components so that we can become manufacturing/ assembly hub for all kind of products.

That's not what the orange man wants. He is targetting finished goods (mostly) - the high auto tariffs he is obsessed with are meant for finished cars - not SKDs or CKDs.

You are being too focused on trump and USA. Look back at home. 60% of our population is still rural.

I have busted this myth time and time again - a high % of our population is considered rural because the retards at the NSO have not updated their urban-rural classification standards in years - maybe decades. And the likes of NFHS and all other shitry govt surveys are conducted based on these standards only.

Industrialization is still limited to tiny parts of nation and poverty ( though not extreme) is still reality for majority of country. We need more trade not less. And we need to grab whatever business we can grab from wherever in the world.

Keeping the issue of 'poverty' aside, you are suggesting the complete opposite here. Us importing finished goods from some uber rich nations does not help us industrialize. There is a reason why emerging markets tend to have higher tariffs.

Chinese rode to prosparity with massive SEZs which are basically tariff free enclaves. We need to turn our bimaru states into massive SEZs so that they can become manufacturing epicenters and our burgeoning young population can get work.

None of that will happen with high tarrifs .

This has to be satire, right? Right?

Chongs are possibly the most protectionist economy even now - those artificial low tariffs don't mean shit when they continue to have opaque trade barriers, slap anti dumping duty on pretty much every product category imaginable, subsize exports, incentivize excess production (only to dump them worldwide), politicize global trade and a state backed industrial espionage programme (all of this adds up to protectionism). Heck, even now, a good majority of the phoren companies are not allowed to operate there independently (in absence of a JV with a local partner) and their gormint is yet to ratify a number of WTO provisions. You are literally providing a counterexample here.

Some useful links (posted them before, doing it again);

https://www.wsj.com/articles/how-china-swallowed-the-wto-1509551308

https://www.politico.com/news/2021/12/09/china-wto-20-years-524050

Obama tackles illegal Chinese auto parts subsidies

The Obama administration announced another trade case against China, this one focused on China’s blatant, illegal subsidies to exporters of auto parts. These subsidies have helped China take a growing share of the huge U.S. auto parts market, at a cost of tens of thousands of good manufacturing...

www.epi.org

China’s export denial strategy against India: A national security challenge

China’s trade restrictions on India, targeting high-tech manufacturing and infrastructure, reflect broader economic pressures and strategic tensions post-Galwan.

www.orfonline.org

https://www.financialexpress.com/business/industry-top-it-firms-flag-market-access-owes-in-china-1663670/

Hidden Market Access Barriers in China: India’s Exports in Electrical Machinery

India and China have significant bilateral trade flows leading to trade specialization in different product categories. The bilateral trade between these countr

papers.ssrn.com

Non-Tariff Barriers: China's hidden shipbuilding subsidies

This article from VoxEU focuses on recent research on the scale of government subsidies to the Chinese shipbuilding industry.

www.tutor2u.net

China’s Use of Unofficial Trade Barriers in the U.S.-China Trade War

sccei.fsi.stanford.edu

 

[eastern_bhartiya]

Another propaganda article about muh inequality from British bhosda corporation.

India: A billion people have no real money to spend, says report

India's population is 1.4 billion but its consuming class is only 140 million, or about as big as Mexico.

www.bbc.com

Every developing country goes through this phase,
Housing thing is more urban management issue than wealthy issue, there are still fuckton of places to build affordable housing.