Bharat Rakshak

Suraj

Britain’s nuclear submarine fleet ‘no longer fit for purpose’ Britain is “no longer capable” of running a nuclear submarine programme after “catastrophic” failures pushed it to the brink, a former Navy chief has said. Rear Admiral Philip Mathias said the UK’s “silent service” was facing an “unprece...

Suraj

A lot of tactical reasons re being offered for GDP data, but the MOSPI release shows that it's a 4-5 quarter long trendline. It predates not just tariff front-loading, but even the whole current US administration. The GST cuts will show their impact in the Oct-Dec quarter, not the one for which data...

Suraj

The MOSPI site has been down all weekend so I couldn't check the Q2 GDP press release until now: PRESS NOTE ON QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT FOR THE SECOND QUARTER (JULY-SEPTEMBER) OF 2025-26 High level comments: * Continuous rising trend in quarterly GDP over five quarters now: 5.6%...

Suraj

What's the purpose of the Siemens D9 deal ? Ir already has the WAG 12Bs that are higher power tho they have traction issues due to their BoBo config. But they also have a 12000hp WAG11 that doesn't have that problem, so why such an extensive fleet of 9000hp D9s as well ? Replacement of the WAG7s and...

Suraj

Oh yes and they've been exemplary at the copy-learn-scale approach to mercantilism. Something we ought to do, including particularly by grabbing their technology by any and all means possible.

Suraj

Make In India is not an autarkic policy. It's a mercantilist approach. The problem is that mercantilism has been deemed evil because it espouses a zero sum mindset, and that's a trade policy you don't want to be shouting loudly about. Instead they wrapped it up in the nicely ambiguous swadeshi sound...

Suraj

I'm looking forward to the new GDP revision on Feb 27 2026. It will update the base year to 2022-23 and that is just the beginning. It does a major revamp of the industrial sector, and accounts for a surprising amount of missing activity. For example, limited liability partnerships - several lakh co...

Suraj

Really heartening to see the flawless record of the LVM3 and the performance of the CE-20 . I hope they get the SCE-200 based platform going soon.

Suraj

What do you see as the goal of swapping a non-inflationary item (personal gold holdings) with an inflationary one (cash) in the hands of the consumer without backing it with actual productive assets or work ? No goal; I was just struck that the RBI could raise "foreign reserves" without a...

Suraj

Question - the news is that an increasing amount of India's Foreign Currency Assets are in gold and less in dollars. But the RBI can buy gold in rupees on the domestic market. Since gold is fungible, India can build up Foreign Currency Assets domestically. Why hasn't this been done before? What do ...

Suraj

Haven't seen this before - Niti Aayog has a nice power sector dashboard:
India Climate and Energy Dashboard

Suraj

For the active space watchers, what is your level of confidence in ISRO's NGLV effort ? What are they due to deliver and on what likely schedule ?

Suraj

The Annual Survey on Industries (ASI) is a document released by MOSPI that's not gotten much interest here. To introduce what it does: Annual Survey of Industries is conducted with the primary objective to provide a meaningful insight into the dynamics of change in the composition, growth and struct...

Suraj

The Q4 official data is out: Official Q4 2024-25 GDP data * Full year GDP growth was 6.5% , but may be revised upward in the 2nd review. * Q4 growth was 7.4%, coming on the back of 6.4% in Q3 and 5.6% in Q2, meaning there's a strong accelerating momentum post election (Fig 4). * The past three fisc...

Suraj

Google Earth shows only 2 subs present, both in the 110m length ballpark. So motabhai seems to be out on trials.

Suraj

Got it. Thanks So, how can the government ensure that it is selling at the highest possible price, given that nobody can predict when the price will be highest? It’s not that simple. Something that’s notable in this entire interaction is a bias towards solutioniizing without what appears to be suff...

Suraj

The US might be running a current account deficit but it also runs a massive capital account surplus due to its privilege with a reserve currency. The trade is conducted in dollars. Exports accumulate dollars in their forex reserves. They hold a lot of it in US treasuries. As the USTreasury data sho...

Suraj

Xposting from Twitter: Indian export performance milestones July 2025 saw two major milestones being reached or almost reached in Indian foreign trade: * Total trailing 12 month (Aug 24 - Jul 25) services exports crossed $400 billion * Total exports are almost at $850 billion. https://pbs.twimg.com/...

Suraj

But the goal of the government is the ability to assign a budgetary target and to collect it. If the price goes back up after they're done selling for a below optimal price over a year, they get Rs.0 of that gain. In the process they accomplish nothing that would save them from potential political i...

Suraj

Dribble sales are not without downsides. A continuous guaranteed supply of new shares puts downward pressure on existing holders and depresses equity price growth that would otherwise apply to just a fixed float that enables better price discovery. As such, it doesn’t generally help with investor co...

Suraj

Metro construction has been a very popular theme across several Indian cities. This is even more pronounced in China, but with substantial costs. While metros are very clearly a must have in essentially every densely populated Indian city, the implementation and operation must be organized such that...

Suraj

I’ve seen the original video in Japanese . What’s happening is that an E3 and E5 series trainset are being prepared for transfer. These are NOT the production vehicles but intended to serve the purpose of track service and maintenance, which historically repurposes older trainsets as Doctor Yellow t...

Suraj

xposting from the Econ thread: Does anyone know why the GDP data (Annexure B ) shows a 1.1% growth in rail freight net tonne-km in 2023-24 and a -0.01% in 2024-25 ? How much is this figure dependent on coal movement and to why extent do or don't the DFCs help here ?

Suraj

The Q4 official data is out: Official Q4 2024-25 GDP data * Full year GDP growth was 6.5% , but may be revised upward in the 2nd review. * Q4 growth was 7.4%, coming on the back of 6.4% in Q3 and 5.6% in Q2, meaning there's a strong accelerating momentum post election (Fig 4). * The past three fisca...

Suraj

Indian economy’s size more than half of US in PPP terms; stands at $15 trillion, says NITI Aayog Vice-Chairman The Indian economy’s size in Purchasing Power Parity (PPP) terms is $15 trillion which is more than half the size of the US economy, NITI Aayog Vice-Chairman Suman Bery has said. He explai...

Suraj

$10 billion for 112 ships is $90 million a unit. With a trivial assumption of all ships being the same size, that's already almost VLCC territory (200,000 - 320,000 DWT about 2 million barrels). Probably a range of sizes will be ordered, so even ULCCs may be procured. That's a large fleet of home-bu...

Suraj

BBC: Galileo satellites experiencing multiple clock failures The onboard atomic clocks that drive the satellite-navigation signals on Europe's Galileo network have been failing at an alarming rate. Across the 18 satellites now in orbit, nine clocks have stopped operating. Esa is also in contact wit...

Suraj

Without taking a position as to what might be likely reasons for ISRO's problems and solutions, I want to mention that listing a set of failed missions and ascribing reasons for it is fundamentally incomplete reasoning. What were the established causes of failure ? I assume ISRO has a published repo...

Suraj

The following post on Reddit is a great explanation of the challenges around Indian urban development, broken down into the procedural mess involved:
Why Urban Design Initiatives Are So Hard to Pull Off in India – An Insider’s Take

Suraj

Nothing can be confirmed until it's been officially denied.

Suraj

The social media battleground is moving to the AI space. ChatGPT has now more active users than Wikipedia.

Suraj

At the start of Indian economic liberalization in 1991, these were the top provinces across either country ranked by state GDPs in USD: 1. Punjab (TSP) 2. Maharashtra 3. West Bengal 4. Uttar Pradesh 5. Sindh (TSP) 6. Tamil Nadu 7. Andhra Pradesh 8. Gujarat 9. Madhya Pradesh 10. Karnataka Fast forwar...

Suraj

Meanwhile the Turks are in damage control mode while predictably missing the target of Indian anger entirely, same as PAF.

Suraj

The past few days have been very interesting. Lots of noise and very little signal on specific details. It's also clear that, having been mostly disconnected from BRF the past few days, the perspective here is more unique. Amidst the noise, a lot of important realities risk being lost, despite sever...

Suraj

Back down ? Hindenburg Research went out of business in January.
Short-selling firm Hindenburg Research is closing up shop
January 15, 2025

Suraj

One of the benefits of PPP GDP data is also the more single sourced data as opposed to everyone estimating nominal GDP with whatever exchange rate they prefer to apply.

Suraj

The main takeaways of that article are: - PPP offers a much clearer view of the growth in real purchasing power than nominal per capita, where the movement of exchange rates can add noise. - it answers the ‘are we growing well compared to peers’ question. We see that India outstripped almost all of ...

Suraj

Wrote this article for SwarajyaMag:
India’s PPP GDP Growth: Is This The Most Underrated Part Of Its Economic Story?

Suraj

Meanwhile, quietly the Jal Jeevan Mission dashboard ticked past 80% of the country now having a household water connection:

https://ejalshakti.gov.in/jjmreport/JJMIndia.aspx

It's almost impossible to imagine how bad it was less than 6 years ago.

Suraj

Thank you for your educative post Saar, learnt something. I suspect China is doing the same with India as well, and dumping a whole range of goods via other countries, which could explain at least in part our sluggish growth in MFG. Indian FTAs with SE Asia have been used as a conduit to route Chin...

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