Indian Economy

[haldilal]

NPCI to Build 5 Lakh Sq Ft HQ in Mumbai's BKC

National Payments Corporation of India (NPCI) plans to build a 5 lakh sq ft headquarters in Mumbai's BKC, accommodating 5,000 employees. The new facility will house staff from various offices and support NPCI's growing AI operations.

money.rediff.com

 

[vin pahadi (kumauni)]

This international poverty line definition of $2.15 is nothing but a practical joke.

When converted to INR using purchasing power parity (PPP), this equates to approximately ₹49.5 per day or ₹1,485 per month. Even in the most remote villages of India, a minimum of ₹7,000 per month, or ₹230 per day, is required for basic survival. This translates to roughly $9.3 per day

this is for extreme poverty line by world bank in 2017 prices:-
per dollar is equal to 87.47 today.
so 2.15 dollar means = 188 indian rupee.
this money is good enough (except in metro cities) for single person in india to live comfortably with "basic needs"....due to low cost of roti, kapda, makkan nd internet. but this amount isnt enough for western nd rich countries. i think for western countries they took larger amount.

 

[angryindian]

this is for extreme poverty line by world bank in 2017 prices:-
per dollar is equal to 87.47 today.
so 2.15 dollar means = 188 indian rupee.
this money is good enough (except in metro cities) for single person in india to live comfortably with "basic needs"....due to low cost of roti, kapda, makkan nd internet. but this amount isnt enough for western nd rich countries. i think for western countries they took larger amount.

Poverty and living standards are always measured using PPP by IMF, WB.So when we use 2.15$,it means Rs 49.5 and not dollar conversion value of Rs 188.

As far as the cost of living goes, I've spent a considerable amount of time in rural Assam, Jharkhand, W.B., and Odisha as part of my job and also have participated in numerous CSR(corporate social responsibility )activities like organizing health clinics, clean water, and education. There,i found, it's almost impossible to survive on less than Rs 7000 a month without government assistance. The cost of living has grown exponentially over the years, but wages have largely remained stagnant.

 

[crazywithmath]

https://swarajyamag.com/society/hacking-the-human-development-index-why-uns-latest-hdi-scores-for-india-are-misleading

UNDP being UNDP.

Some things never change

 

[eastern_bhartiya]

https://swarajyamag.com/society/hacking-the-human-development-index-why-uns-latest-hdi-scores-for-india-are-misleading

UNDP being UNDP.

Some things never change

If you bring up stuff about misleading data, you will get a lecture about muh "fake data" and bunch of excuses about why undp is justified.

 

[haldilal]

Ya'll Nibbiars India's Largest Hotel,


View: https://x.com/haldilal/status/1896055365760094517

 

[vin pahadi (kumauni)]

Poverty and living standards are always measured using PPP by IMF, WB.So when we use 2.15$,it means Rs 49.5 and not dollar conversion value of Rs 188.

As far as the cost of living goes, I've spent a considerable amount of time in rural Assam, Jharkhand, W.B., and Odisha as part of my job and also have participated in numerous CSR(corporate social responsibility )activities like organizing health clinics, clean water, and education. There,i found, it's almost impossible to survive on less than Rs 7000 a month without government assistance. The cost of living has grown exponentially over the years, but wages have largely remained stagnant.

can u explain how u r considering 2.15 dollar = 49.5 rupee by PPP method.
coz i know purchasing power perity of economy. in which our PPP is higher than western countries. i mean in 2.15 dollar in india, u can buy more things than western countries. so why in ppp method, indian rupee is decreasing against dollars, instead of increasing??

 

[ezsasa]

can u explain how u r considering 2.15 dollar = 49.5 rupee by PPP method.
coz i know purchasing power perity of economy. in which our PPP is higher than western countries. i mean in 2.15 dollar in india, u can buy more things than western countries. so why in ppp method, indian rupee is decreasing against dollars, instead of increasing??

PPP conversion factor for India is 20. something.

there are many factors, but one among them is that PPP conversion factor is benchmarked against U.S prices. meaning, even without any changes in country being compared to, if say U.S inflation/prices fluctuate it has an impact on PPP conversion factor.

either way PPP is a statistical number for acedemic purposes, yet to come across anyone saying it has real world consequences.

 

[DingDong]

People profiteering from the poverty porn.


View: https://x.com/gemsofbabus_/status/1895749496484823537

 

[eastern_bhartiya]

GST collection jumps 9.1% to 1.83 lakh crore in February - The Times of India

India Business News: NEW DELHI: Goods and services tax collections rose 9.

timesofindia.indiatimes.com

Surprising considering consumption slowed down towards end of 2024, it might have picked up in 2025.

 

[eastern_bhartiya]

People profiteering from the poverty porn.


View: https://x.com/gemsofbabus_/status/1895749496484823537

people wonder why we don't see dilapidated streets and neighborhoods from china, a coolie like this guy there would disappear without trace, if he even tries to do these kind of crap

 

[eastern_bhartiya]

https://www.hindustantimes.com/trending/80-of-indian-techies-are-suffering-from-fatty-liver-disease-reveals-alarming-new-study-101740906528484.html

I won't blame them, a large section of Indian cities are absolutely unwalkable, even if you wanna take a leisurely walk there are all sort of hazards, street dogs, vehicles zooming at 50km/h, and narrow roads.

We need dedicated spaces where no large vehicles are allowed and a place with large open area for walking , these kind of stuff needs to be built in each cities if possible, Bhubaneswar thankfully has some pretty nice parks and roads disconnected to busy roads, walking peacefully for like 30-45 mins improved my mental state a lot back in lockdown days, lack of pollution also probably helps.

 

[sameer]

https://www.hindustantimes.com/trending/80-of-indian-techies-are-suffering-from-fatty-liver-disease-reveals-alarming-new-study-101740906528484.html

I won't blame them, a large section of Indian cities are absolutely unwalkable, even if you wanna take a leisurely walk there are all sort of hazards, street dogs, vehicles zooming at 50km/h, and narrow roads.

We need dedicated spaces where no large vehicles are allowed and a place with large open area for walking , these kind of stuff needs to be built in each cities if possible, Bhubaneswar thankfully has some pretty nice parks and roads disconnected to busy roads, walking peacefully for like 30-45 mins improved my mental state a lot back in lockdown days, lack of pollution also probably helps.

Diet is very unhealthy for most of these folks as well. I have people in my family living in hyd, who keep ordering in almost every single day and barely cook once or twice a week.

Sureshot ticket to diabetes and all kids of lifestyle diseases, given the quality of ingredients, oil, daldas etc used in restaurant cooking.

 

[vin pahadi (kumauni)]

Diet is very unhealthy for most of these folks as well. I have people in my family living in hyd, who keep ordering in almost every single day and barely cook once or twice a week.

Sureshot ticket to diabetes and all kids of lifestyle diseases, given the quality of ingredients, oil, daldas etc used in restaurant cooking.

diet is main reason for health issues nd fitness. today a person can build muscle nd fitness by doing yoga, running on treadmill or gym etc activities in indoor. keep its mental health fit by doing meditation etc. but if u involve in all above things, but ur diet is not good. u can still face many health issues. but if ur diet is healthy, than basic body activity, exercise nd walking on roof/room is enough.

 

[eastern_bhartiya]

Diet is very unhealthy for most of these folks as well. I have people in my family living in hyd, who keep ordering in almost every single day and barely cook once or twice a week.

Sureshot ticket to diabetes and all kids of lifestyle diseases, given the quality of ingredients, oil, daldas etc used in restaurant cooking.

They do it cause its easy, we need diet revolution here in India, people not far long used think protein powder can give them cancer. Biryani trend nowadays is also concerning, white rice is pure carbs and add oil soaked meat into it, then you can only imagine how bad it is.

Big part if why people order these stuff is :- hangover from college days, we don't learn to cook beyond basic stuff and most hostlers spend entire college term eating fastfood stuff. can't blame them too, hostel food in most places are genuinely a crime against humanity, concentration camp food might even be better.

 

[Azaad]

View: https://twitter.com/DivaJain2/status/1895995313770676302?s=19

Quite frankly I don't know whether to laugh or cry at this bit of news.

 

[srev2004]

View: https://twitter.com/DivaJain2/status/1895995313770676302?s=19

Quite frankly I don't know whether to laugh or cry at this bit of news.

I think industrialization is a mixed bag. We need to really think long term to see if complete industrialization is a good thing, especially if it means cost of living wxplodes and people can’t afford homes / raise kids. I think India should not follow China, South Korea and American trajectories. All of those countries chose short term gain over long term demographic sustainability

 

[srev2004]

India’s industrial growth needs to be sustainable where we don’t sacrifice demographics for growth

 

[crazywithmath]

View: https://twitter.com/DivaJain2/status/1895995313770676302?s=19

Quite frankly I don't know whether to laugh or cry at this bit of news.

Statements like these are too simplistic tbh - India has decent industry, boasts of a more complex economy than its peers, capable of running efficient welfare programmes and happens to be more innovative than almost all other emerging economies out there. Basically, it does a bit of everything. And all these incremental gains shows up in these macro nos - incremental gains and stable fiscal can indeed work wonders for emerging markets.

 

[Azaad]

Govt Likely to Change Domestic Value Addition Guidelines of EV Manufacturing Policy | Autocar Professional

Sources said the government is also considering lowering the minimum CIF value of electric cars that can be imported at a lower tariff rate, and a fresh set of guidelines is likely to be introduced within a month, according to sources.

www.autocarpro.in

Looks like the stage is being set for Tesla to import their wares into India without any commitment whatsoever by Musk to set up mfg here.

For all these concessions , wonder what did Modi get in return ?