Indian Economy

[shuturmurg]

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 ?

Won't this also enable BYD to flood our market. Tesla will be a niche player in India, BYD will completely takeover.

 

[ezsasa]

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.

just to add a bit of nuance to that lady's tweet.

if anyone says something on the lines of "without industrialisation" wrt India, i presume they haven't spent enough time in industrial belts/estates(corporate offices do not count) of the country. a better way to say it, is that manufacturing capacity could not keep up with the demand. for a country our size, growth and urbanisation happened pretty fast.

similarly when people say India skipped manufacturing, what they mean is India skipped manufacturing as primary driver as growth in GDP terms. does not mean it happened without industialisation.

 

[haldilal]

Ya'll Nibbiars If this happen we all will give party to Maharashtra Index Nibba at Radisson Blu Nagpur, Lol.


View: https://x.com/TheMahaIndex/status/1896414632941695391

 

[Migflug]

India's factory activity growth dips to 14-month low in Feb due to cooling demand

India's manufacturing activity grew at its weakest pace in over a year last month due to cooling demand. However, employment generation rose at a healthy pace, and inflation eased, showing overall positive momentum in the sector. Domestic and international demands waned, but the business outlook...

economictimes.indiatimes.com

 

[crazywithmath]

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 ?

Tesla's PR blitz has been pretty damn amazing these past few weeks. Shows how easy it is to buy these dalals.

Either way, do not think it is aimed at appeasing Elmo; he is has no reason to set up plants in India. Gormint is looking to modify this scheme because of lukewarm responses - they will keep tweaking the details till the policy clicks (just like they did with electronics PLI). Going by these reports, the localization/domestic manufacturing clauses will still remain in place; provisions like these will not appease Elmo or orange man.

Won't this also enable BYD to flood our market. Tesla will be a niche player in India, BYD will completely takeover.

Read the article - domestic investment commitments would remain in place. Only the timelines are being made less stringent. And chong investments into EV can be blocked (a number of chong automakers have been shown the door in recent years).

 

[Azaad]

View: https://twitter.com/ShekharGupta/status/1895755350256836656?s=19

My favorite polymath & Ambassador at large for his rag - The misPrint is back with another take on matters financial & economic which happens to be the stock market & the bloodbath we're witnessing there.

 

[Migflug]

View: https://x.com/SJha1618/status/1896547212718739748?t=oIK7sJZ-BQpdU9jI6pvrqQ&s=19

 

[Ajatshatru]

The estimated GDP of Bihar in 2025 is $126 billion (based on a fluctuating exchange rate). The total budget was $36 billion, with the largest allocation of $7 billion for education, followed by $2 billion for healthcare.

 

[Migflug]

Goldi Solar launches India’s first AI-powered solar manufacturing facility

Goldi Solar has launched India’s first AI-powered solar manufacturing line, with an enormous 14GW of planned production capacity.

www.pv-tech.org

 

[Miss Firing]

Why India must tread cautiously on EU free trade agreement

India might be much better off instead to strike a side-deal with France and Germany, nations that together account for 40 per cent of the bloc’s GDP, thereby securing a more tailored and potentially advantageous arrangement

www.firstpost.com

 

[shade2]

View attachment 26570

Why India must tread cautiously on EU free trade agreement

India might be much better off instead to strike a side-deal with France and Germany, nations that together account for 40 per cent of the bloc’s GDP, thereby securing a more tailored and potentially advantageous arrangement

www.firstpost.com

View attachment 26573

No elected Govt of the land is going to budge on agricultural imports.
Indeed the EUmmah knows this and that is why they insist on India opening up to agri imports, knowing no agreement will be reached.

If they are negotiating in good faith this would be resolved with them backing off apart from the import of more exotic agri products, but press X to doubt.

 

[GodEmperorDoom]

No elected Govt of the land is going to budge on agricultural imports.
Indeed the EUmmah knows this and that is why they insist on India opening up to agri imports, knowing no agreement will be reached.

If they are negotiating in good faith this would be resolved with them backing off apart from the import of more exotic agri products, but press X to doubt.

So, are we talking about "they" being Unelected Eurocrats deciding policy or the Governments that represent people? EUtards frequently bemoan that Eurocrats aren't there for their concerns.

 

[shade2]

So, are we talking about "they" being Unelected Eurocrats deciding policy or the Governments that represent people? EUtards frequently bemoan that Eurocrats aren't there for their concerns.

Yes, it's the Eurocrats only, EU formation is such that EU laws hold precedence over national laws, and ofc you can't have FTA with individual members also I think.

And the Europoids are correct, considering the above facts, they have basically rule by some out-of-touch babus sitting in Brussels, it's if this country was exclusively controlled by IAS and the politicians only doing yes saar

 

[Blademaster]

The estimated GDP of Bihar in 2025 is $126 billion (based on a fluctuating exchange rate). The total budget was $36 billion, with the largest allocation of $7 billion for education, followed by $2 billion for healthcare.

Bihar has a budget that is more than 1/2 of Pakistan's?

 

[sauntheninja]

Stole from vfx subreddit but seems like a lot of VFX studios are closing shop and moving to India

 

[angryindian]

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

China/South Korea's economic model is tried and tested and has yielded results.They have risen from low income group to high-income advanced economies with a massive middle class.
On the contrary, India's economic model has yielded sub-optimal results with a very small middle class and a large low-income population with no purchasing power.The country has only graduated from low income group to lower middle income group since opening up it's economy 34 years ago and will remain in this league for at least another 7-8 years.

The service-driven economic model that India is pursuing primarily benefits a tiny minority, which is why the majority of the middle class that you see in India often comes from people working in the I.T. sector.

Without a strong industrial base and a manufacturing-led economy, India has no realistic chance of either becoming an developed economy or a superpower.

 

[shuturmurg]

China/South Korea's economic model is tried and tested and has yielded results.They have risen from low income group to high-income advanced economies with a massive middle class.
On the contrary, India's economic model has yielded sub-optimal results with a very small middle class and a large low-income population with no purchasing power.The country has only graduated from low income group to lower middle income group since opening up it's economy 34 years ago and will remain in this league for at least another 7-8 years.

The service-driven economic model that India is pursuing primarily benefits a tiny minority, which is why the majority of the middle class that you see in India often comes from people working in the I.T. sector.

Without a strong industrial base and a manufacturing-led economy, India has no realistic chance of either becoming an developed economy or a superpower.

True, and funny thing is our policy makers know what needs to be done, but not a single party is keen on implementing those reforms.

 

[haldilal]

 

[concard]

View attachment 26570

Why India must tread cautiously on EU free trade agreement

India might be much better off instead to strike a side-deal with France and Germany, nations that together account for 40 per cent of the bloc’s GDP, thereby securing a more tailored and potentially advantageous arrangement

www.firstpost.com

View attachment 26573

This is the reason I don't read and take journalists seriously these days. You can't make a fucking deal with individual nations of EU like France or Germany. EU is one trading block. You can only make a deal with the entire block for heavens sake.

 

[concard]

View attachment 26609

I highly doubt the numbers of UPA especially fiscal deficit. During the period 2010-2011 they ran fiscal deficit above 7%. Maybe these are adjusted numbers? I am not sure. UPA was simply printing money to drive growth by having double digit inflation. And unlike NDA they didn't have a black swan event like COVID. They ruined it for Modi in 2014 to immediately to fix the economy by having massive NPA's as well. UPA on the other hand got a booming economy from Vajpayee.