Indian Economy News & Discussion - Nov 27 2017

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chetak
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

vimal wrote:Seems like another Apple factory strike at FoxConn. 150 workers sick due to food poisoning?
Another Sterlite in the making.
Foxconn plant near Chennai to remain shut this week after protests over food poisoning incident
https://www.hindustantimes.com/business ... 95443.html
exactly like sterlite, the very same dramatis personae, and this time the motivation is sabotage plus vengeance

separatist dravidians supported by the robed crusaders and funded by the cheeni
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Ambar »

The irony is DMK has been on steroids trying to attract investment, funding startups and opening SEZs. Remember there was trouble in Karnataka's apple products manufacturing company Wistron's plant where local communist leaders not even remotely associated with the plant were at the forefront of violence and destruction at Wistron's property. But such is the state of affairs that there was no thorough investigation to go to the root of the conspiracy.

All that aside our manufacturing companies do need to improve the facilities and hygiene for its workers. Here's a video of a Mongolian kitchen feeding miners working in a nearby mine in Gobi desert. There's no reason why our companies cannot have the same level of hygiene and discipline.

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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://finance.yahoo.com/news/u-exchan ... 00605.html
U.S. Exchanges Eye Indian Tech And Energy As Chinese Companies Get The Boot
To illustrate just how big of a shift would need to occur for AsiaPac business to even come close to offsetting the losses from China, consider this: Over the past year, there have been more offerings involving Chinese companies than from the rest of Asia combined.

Of course, the recent listing of Singapore-based Grab is one notable recent highlight. The company went public via the SPAC route in a deal that was announced back in April.

One major reason for the discrepancy is that India has rules that make it extremely difficult for local companies to list in the US. To date, renewables operator Azure Power is the only company based in India trading on US exchanges.

The FT also spoke with Alex Ibrahim, NYSE's head of international capital markets, who said exchange officials had been "spending a lot of time focused on south-east Asia, more so than in previous years, and I think this will continue."

Bottom line: both exchanges are hoping to find ways to recruit more offerings from India (perhaps they'll find a new loophole to hoodwink gullible US investors, like they did for China with the VIE), and also Indonesia. Those countries are obvious targets due to the sheer size of their populations (and economies). But already, Delhi-based software company Coforge is expected to list in the US next year (it already trades in India) and Bangalore-based education firm Byju is expected to list in a SPAC deal.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by shaun »

Vamsee wrote:^^^^
It did not. From what I read on twitter, it seems some idiot tweeted false info on twitter and cong ecosystem without verifying started RT-ing and amplified it. India is one of the most stable in the last one year losing ~2.5% against USD.

--Vamsee

https://www.bloomberg.com/news/articles ... a-currency
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Najunamar »

INR to KRW was 15.20 on June 30 and increased to 15.8 on 30 Sep, unless KRW was not included in "emerging" Asian currencies but somehow counted as having emerged, this Bloomberg article is a paid hack job.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Image

What kind of low life IQ thinks Rupee is worst against WON?
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

chetak wrote:
vimal wrote:Seems like another Apple factory strike at FoxConn. 150 workers sick due to food poisoning?
Another Sterlite in the making.
Foxconn plant near Chennai to remain shut this week after protests over food poisoning incident
https://www.hindustantimes.com/business ... 95443.html
exactly like sterlite, the very same dramatis personae, and this time the motivation is sabotage plus vengeance

separatist dravidians supported by the robed crusaders and funded by the cheeni
https://www.thehindubusinessline.com/co ... 034491.ece
Foxconn to resume production in Chennai plant
Decision follows meeting with State govt officials; promises basic amenities for workers
Production at the Foxconn plant near Chennai is expected to recommence in phases from Monday after work at the plant was suspended for over a week with workers demanding quality food. This after a few workers protested following food poisoning of over 100 workers.

Due to the protest, the management decided to offer paid leave for workers till Sunday.
Wondering if there should be some tie-up with ISKCON/AkshayPatra to get them good food
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vimal »

I doubt that this was about food, they will find another reason to strike and eventual vandalism. Indians working in IT companies also carry a dabba for lunch whats to special about this factory. The goal is to kill manufacturing in India.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

vijayk wrote:
chetak wrote:
exactly like sterlite, the very same dramatis personae, and this time the motivation is sabotage plus vengeance

separatist dravidians supported by the robed crusaders and funded by the cheeni
https://www.thehindubusinessline.com/co ... 034491.ece
Foxconn to resume production in Chennai plant
Decision follows meeting with State govt officials; promises basic amenities for workers
Production at the Foxconn plant near Chennai is expected to recommence in phases from Monday after work at the plant was suspended for over a week with workers demanding quality food. This after a few workers protested following food poisoning of over 100 workers.

Due to the protest, the management decided to offer paid leave for workers till Sunday.
Wondering if there should be some tie-up with ISKCON/AkshayPatra to get them good food
vijayk ji,

understand the dravidian exclusivity ethos, anti national motivations, and their separatist worldview.

another big supporter of their agenda has just opened his cards some years ago.

they will never touch ISKCON/AkshayPatra even with a very long barge pole and food was never the reason to cause this mayhem, even though it may, on the surface, appear to be.

"they" are telling companies that left cheen that we can get you anywhere in the world.
Last edited by chetak on 26 Dec 2021 12:40, edited 1 time in total.
chetak
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

vimal wrote:I doubt that this was about food, they will find another reason to strike and eventual vandalism. Indians working in IT companies also carry a dabba for lunch whats to special about this factory. The goal is to kill manufacturing in India.
vimal ji

It appears that the alleged "food poisoning" happened in the employees' hostel. A bulk of the Taiwanese manufacturer's workforce is women.

More than 150 employees at Foxconn's production unit were hospitalised after a bout of food poisoning at Foxconn's dormitories, where a majority of its staff lives.

"food poisoning" on this scale is not difficult to organize and the resulting chaos is still being orchestrated by "hidden hands" within the BIF funded dravidian setup.
In December 2020, workers employed at a factory of Wistron in Narasapura near Bengaluru ransacked the premises and damaged parked vehicles. Wistron, a Taiwanese contract electronics manufacturer, was engaged in the assembly of Apple iPhones and had commenced commercial operations a few months earlier.
a fake video posted on social media last Friday stating that nine workers workers had died of food poisoning, nearly 2,000 women workers of the company blocked the Chennnai-Bengaluru National Highway
and this is orchestrated violence



the temporary suspension of operations in Foxconn India unit is likely to hurt the production of Apple smartphones Apple had recently started trial production of its flagship iPhone 13 at the Chennai Foxconn plant. Apple already produces iPhone 11 and iPhone 12 at this facility through contract manufacturing while iPhone SE is produced at Wistron plant in Bengaluru

And vimal ji, the dots connect themselves effortlessly



https://swarajyamag.com/news-brief/foxc ... -to-be-hit
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://economictimes.indiatimes.com/in ... 490843.cms
Boosted by localisation, Indian electronics manufacturing sector to touch Rs 7 lakh cr next fiscal

If this has to be done, we need to catch the scums on some other cases and lock them up.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://swarajyamag.com/politics/thooth ... g-of-plant
Thoothukudi Sterlite Copper Closure: Many Protesters Now Feel Misled; Want Reopening Of Plant
So, how can it pollute the seawater that is 10 km away? It was also alleged that due to emissions from the plant, local women had menstrual problems and pregnant women suffered miscarriages.

About 30 per cent of the employees working for Sterlite were women. They are reported to be in good health and are living with their families happily.

Sumathi said, “The people of Thoothukudi have started realising that there is no harm done by Sterlite. As of now, that's enough for us.”

It is customary to periodically monitor the impact of cancer under the National Cancer Registration Programme and publish study results. One of the institutes which does that is the Adyar Cancer Research Institute (ACRI).

Its data revealed that cancer incidence rates in Thoothukudi were not unusually high. In fact, it did not even rank in the top 10 cities of Tamil Nadu with cancer prevalence.

According to Dr Swaminathan, deputy director of the ACRI: “From 1998 until the closure of Sterlite in 2018, multiple regions in Tamil Nadu were studied deeply to understand the proliferation pattern of different types of cancer. It has been found that tobacco, cigarettes and gutka are the root causes of various cancers. At the same time, the reports of cancer among people living around Sterlite are not significantly different from those in other parts of the state.”
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

we have payoff and allizwell once again


Foxconn To Resume Production In Chennai Plant, TN govt Directs Company To Upgrade Infra Facilities For Employees At Unit



https://swarajyamag.com/news-brief/foxc ... es-at-unit
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

vijayk wrote:https://swarajyamag.com/politics/thooth ... g-of-plant
Thoothukudi Sterlite Copper Closure: Many Protesters Now Feel Misled; Want Reopening Of Plant
Image


these are the sly tactic adopted by the dravidians and their robed crusaders to escape the responsibility for having shut down sterlite and landing the local community in an economic and social mess.

the FCRA shutdowns and cheeni in India who are being pushed back by Modi are disturbing the separatists and these dravidians do not want a blowback on their main crusader vote banks. The unforeseen foreclosure of the four major highway projects has set the cat among the pigeons, and the general reputation that the dravidians have acquired for destroying running industries and disrupting regional economic activities, especially in kongunadu, is showing the entire state of TN in a very bad light. Such a vindictive policy cannot be sustained without serious consequences, both at the national, as well as, the international inflows of capital and investment opportunities.
(2 days ago) — The National Highways Authority of India (NHAI) has decided to foreclose at least four major highway projects in Tamil Nadu
so, getting some faceless "workers" to publicly articulate a plea for mercy and playing the annadata suits these dravidians both politically and socially to walk back their stooopide and failed brinkmanship.

sab freeloaders mile hue hai ji, and haramiyo ne (cheeni + BIF) paise bhi hadap liya

The "workers" who took money from foreign sources and shut down a highly successful company which was critical to the industrial development in India and directly benefitted the pakis and the cheeni are as complicit as the ecosystem that spawned them. The vested interest environmental lobby and their "pillars of democracy" enablers are the co-conspirators.

the entire dravidian setup in TN has long been controlled by these foreign funded NGOs and robed crusaders who do such hit jobs for their foreign bosses.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://swarajyamag.com/economics/the-2 ... -for-india
The 2020s: A New Decade Full Of Animal Spirits Lies Ahead For India


This decade, with a year short spent on recovering from the Covid-19 shock, offers the perfect cross-roads, where India’s economic destiny will be determined by these Animal Spirits. A world learning to live with the virus, which hasn’t necessarily disappeared and the dreams of a $5-trillion economy and the journey to international prominence where India’s voice matters to global outcomes offer a perfect antithesis of sorts. The tilting of balance of outcomes towards the latter requires not just known, traditional enabling factors of governance but a bold embrace of the unknown – a reshaping and seizing of opportunities.
Foreign direct investment not just grew in the last two years, the last financial year set a new record for attracting capital to Indian businesses. New unicorns are being minted every few days in the technology sector.
The second core phenomenon which has an interplay with Animal Spirits is corruption, which perverts positive development.
The third psychological phenomenon influencing Animal Spirits is money illusion, in that the human mind prioritises nominal over real. The impact of nominal expansion is usually most visible in India in the real estate sector. Coming out of the previous downturn and supply overcapacity, the sector – a big driver for employment and positive feedback loop into the economy – is picking up again.
Economic growth occurs when someone, an individual or an enterprise, takes a risk, and is willing to exchange cash for something that may potentially lose value immediately”.
India’s public digital infrastructure and the larger digital entrepreneurial ecosystem have emerged as great levellers. Access to credit, ability to move money, education, vaccines or a hospital admission have all seen significant levelling at the margins.
As we step into a new year, we should pay heed to the wise words of Ralph Waldo Emerson, the American philosopher and yet another proponent of Animal Spirits in his work Society and Solitude – “Heat puts you in right relation with magazines of facts. The capital defect of cold, arid natures is the want of animal spirits”.

There is no reason for the cold of despondency to not be unmasked – speaking figuratively, and one hopes quite literally too.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Prem »

https://economictimes.indiatimes.com/ne ... aign=cppst
The country's exports rose by 36.2 per cent to USD 23.82 billion during December 1-21 this year, according to preliminary data of the commerce ministry. Exports, excluding petroleum, have increased by 28.08 per cent during the period under review.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by kvraghav »

chetak wrote: the entire dravidian setup in TN has long been controlled by these foreign funded NGOs and robed crusaders who do such hit jobs for their foreign bosses.
I think this is just a ploy to re open the industry now that Stalin is in power. The Sterlite one was a anti AIADMK move and nothing else is what i feel. This is similar to Mamata asking Tata to re open Singur.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Atmavik »

^^ the plant also provided medical grade O2 during the second wave. It might be better for the company to shift to a different state
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Deleted. Please stop using this thread to hyperventilate about political opinion pieces.
Last edited by Suraj on 31 Dec 2021 00:53, edited 1 time in total.
Reason: No value to thread.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vimal »

https://twitter.com/RMantri/status/1477532342306574338
Start up fund raising in India.

For those living in Bengal, unless you make efforts to participate in the economy outside the state, you simply won’t be a part of India’s economic transformation.

Image
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by arshyam »

^^ Wouldn't the same argument then apply to Ahmedabad and Indore as well? This kind of one-sided interpretation does more harm than good. I am sure Ahmedabad and Indore are firing on other cylinders that Kolkata is still not, but that data is not part of this chart. So it's drawing a conclusion based on a partial picture, at best.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vimal »

Point is that Kolkata is a metro city and comparable to other three (Del, Mum, Chennai) and punching way below it's weight.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by shaun »

arshyam wrote:^^ Wouldn't the same argument then apply to Ahmedabad and Indore as well? This kind of one-sided interpretation does more harm than good. I am sure Ahmedabad and Indore are firing on other cylinders that Kolkata is still not, but that data is not part of this chart. So it's drawing a conclusion based on a partial picture, at best.
Metro is a legacy status kolkata got during Raj being the erstwhile capital , it's still not in the list of A1 cities
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://swarajyamag.com/news-brief/indi ... 00-billion
India's Merchandise Exports In Dec 2021 Soars To Historic High Of $37.29 Billion, Apr-Dec 2021 Figures Nearly $300 Billion
In the first 9 months of the current fiscal year, India’s merchandise export in April-December 2021 aggregated to $299.74 billion, an increase of 48.85% over $201.37 billion in April-December 2020 and an increase of 25.80% over $238.27 billion in April-December 2019.

Keep in pace with rise in India's merchandise exports, the import in December 2021 was $59.27 billion, an increase of 38.06% over $42.93 billion in December 2020 and an increase of 49.7% over $39.59 billion in December 2019. Consequently India's trade deficit in December 2021 stood at $21.99 billion. The trade deficit for the first nine months of the current fiscal year (during April-December 2021) is at $143.97 billion.

The value of non-petroleum exports in December 2021 was $31.67 billion, registering a positive growth of 27.31% over non-petroleum exports of $24.88 billion in December 2020 and a positive growth of 34.92% over non-petroleum exports of $23.48 billion in December 2019.

The cumulative value of non-petroleum exports in April-December 2021 was $257.14 billion, an increase of 39.82% over $183.91 billion in April-December 2020 and an increase of 24.74% over $206.13 billion in April-December 2019.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://www.hindustantimes.com/india-ne ... b7QIP.html
Violence at India Apple plant: What exactly happened at Karnataka unit?
The plant became operational earlier this year. There were 5,000 workers initially. But the number rose to 10,500, according to Karnataka factories department report.

10. As per a statement issued by Apple, it is putting Wistron on probation and the company is not going to receive any new business from Apple till corrective measures are enforced and completed.

Wistron is one of the 16 entities which have received approval for incentives under the government’s production linked incentive plan. Currently, iPhone XR and iPhone 11 are being assembled by Foxconn in Chennai, and iPhone 7 by Wistron in Bengaluru. The Kolar facility assembles the latest version of the iPhone SE
5. The HR department has not been adequately set up with personnel of sound knowledge of labour laws, resulting in various violations.

6. In October, the plant introduced 12-hour shift replacing the earlier eight-hour shift. There were glitches in attendance system as well.

7. Wistron on December 19 decided to remove the vice-president who was in-charge of business in India. In a statement, it has apologised for the payment delays and said some restructuring measures are being taken so that this does not happen again.

8. The unit was shut following the rampage but the authorities are hopeful that it could restart function in a few days,

9. Wistron said no manufacturing equipment has been damaged, though it lost in the range of New Taiwan Dollar 100 to 200 million, which is about Rs 52 crore.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Ambar »

I haven't heard any new violence in Karnataka's Wistron plant, the article above must be from last year when employees and local labor unions ransacked the factory.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Ambar wrote:I haven't heard any new violence in Karnataka's Wistron plant, the article above must be from last year when employees and local labor unions ransacked the factory.
this is inquiry into last year incident
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Dilbu »

India to overtake Japan as Asia's 2nd largest economy by 2030: IHS
India is likely to overtake Japan as Asia's second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the UK to rank as world's No.3, IHS Markit said in a report on Friday. Currently, India is the sixth-largest economy in the world, behind the US, China, Japan, Germany and the United Kingdom.
"India's nominal GDP measured in USD terms is forecast to rise from USD 2.7 trillion in 2021 to USD 8.4 trillion by 2030," IHS Markit Ltd said. "This rapid pace of economic expansion would result in the size of Indian GDP exceeding Japanese GDP by 2030, making India the second-largest economy in the Asia-Pacific region."
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Dilbu »

Indian economy to grow 9.2 pc in 2021-22, surpass pre-Covid level: Govt data
New Delhi, Jan 7 (PTI) The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal, surpassing pre-Covid level in actual terms mainly on account of improved performance especially in farm, mining and manufacturing sectors.

The improvement in the economy comes over a GDP contraction of 7.3 per cent during 2020-21 due to the pandemic and resultant lockdown imposed to curb the spread of the deadly coronavirus.
As per the first advanced estimates of the national income released by the National Statistical Office (NSO) on Friday, a growth is witnessed across sectors.

“Real GDP or GDP (gross domestic product) at Constant Prices (2011-12) in the year 2021-22 is estimated at Rs 147.54 lakh crore, as against the Provisional Estimate of GDP for the year 2020-21 of Rs 135.13 lakh crore, released on May 31, 2021. The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21,” as per the NSO statement.

As per the estimates, GDP in actual terms in 2021-22 will surpass the pre-Covid level of Rs 145.69 lakh crore in 2019-20.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Suraj »

Here's the official report from CSO:
PRESS NOTE ON FIRST ADVANCE ESTIMATES OF NATIONAL INCOME 2021-22

* GDP = ₹232.15 lakh crore ($3.12 trillion) , breaching the $3 trillion mark
* GFCF is 32.9% of GDP. This is the highest figure for investment/GDP since 2012-13 .
* Interestingly, private consumption has dropped to 56% of GDP, from its almost 60% in the 2000s high growth phase. The difference is made up by a lower trade imbalance as a percentage of GDP now, compared to back then.

This growth is driven by trade and investment. Consumption will rise, acting as a further impetus.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Ambar »

Consumption is hampered by shortages and inflation which hopefully should improve next year. There are over 7 lakh pending car bookings, that's almost 1/3rd of India's annual car sales on back order due to shortages. If we hit the 3.1 trillion target, what is the per capita nominal GDP we are looking at ? It should put us very close to $3000/yr.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Suraj »

It is more structural in nature. Consumption used to account for ~85% of GDP at one time in the 1950s and around 61-62% at the turn of the century. It's fallen progressively as investment and trade account for larger parts of GDP. It's not a one year drop - it's been around 56% for a few years now.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Vips »

BSE SME m-cap crosses Rs 50,000-cr mark for first time.
The market capitalisation (m-cap) of companies listed on the BSE’s small and medium enterprise (SME) platform topped the Rs 50,000-crore mark for the first time on Friday. At present, 359 companies are listed on the BSE SME platform. Of these, 127 have been migrated to the main board. At the end of today’s trading session, the collective market valuation of these firms stood at Rs 50,538 crore.

“It is truly a memorable moment in our history and one we are very proud of. Small and medium enterprises are the backbone of Indian economy, and the rapid growth in scale we are observing currently is a bright indication of progress of our great nation,” Ajay Thakur, Head- BSE SME and startups, said.

The exchange launched its SME platform in March 2012, and over these 10 years, the platform has helped SME companies to raise nearly Rs 3,800 crore of equity funds. “We are confident of many more SME companies to list and raise funds from BSE SME platform going forward,” Thakur added.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://swarajyamag.com/economy/exports ... dit-suisse

India’s Share Of Global Goods Exports At A Record-high, PLI Represents A Significant Turn In Industrial policy : Credit Suisse
Manufacturing exports could become a significant growth driver for India’s economy going ahead, said a report by Credit Suisse. According to the report, India’s share of the total global merchandise exports is at an all-time high.

Electronics And Speciality Chemicals Expected To Do Well

Though propelled in part by the price rise of commodities, it is expected that the growth momentum would continue persisting in industries such as electronics and speciality chemicals.

The tailwinds highlighted for the electronics industry are — a large market size, potential for share gains, and the right policies for sectorial growth. Electronics has a 30 per cent share of the global goods trade. So far, China has dominated these sectors, contributing to half of the total global exports in several categories such as handsets, computers, and computer parts.

However, with the industrial labour force shrinking in China, the opportunity for India could be huge. Though labour intensive sections of the industry could benefit in the beginning, over time, growing scale would drive upstream integration. Some segments of the industry, such as handset assembly, have seen India’s global share in the segment rise.

Speciality chemicals segment accounts for a half of India’s total chemical export, and is likely to be a key contributor to India’s export growth. Indian speciality chemicals companies have attained the required scale to drive global outreach. Being a steady grower, the sector has gained scale over the years.
PLI To Play A Key Role

A key driving factor behind higher exports is government policy, especially the PLI for several sectors. While the impact would be seen over time, the progress so far, remains positive. The PLI scheme for the food-processing sector has already witnessed 60 firms being selected.

In addition, the government has been open to feedback as well, evidenced by the republishing of the textile scheme after receiving feedback from the industry. Apart from the major sectors discussed above, PLI schemes have been introduced across other sectors such food, IT hardware, semi-conductors, energy storage etc.

Impact To Be Pushed Out By A Year

However, with the impact of the Covid-19 pandemic and global supply chain issues, the positive impact of PLI schemes might be pushed out by a year. Including the increase in capital expenditure by the firms selected for the PLI scheme, the gross domestic product (GDP) of India could increase by around 1.5 per cent by financial year 2018 (FY28).

Previously, the brokerage had estimated the GDP increase at 1.7 per cent by FY27. However, with the benefits getting pushed out by a year, growth would be calculated on a higher base.

According to the report, the incremental sales generated as a result of these schemes could touch $134 billion by FY27, with mobiles leading the rise. The domestic value added due to the PLI scheme could reach $61 billion by the fifth year.
vijayk
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://www.hindustantimes.com/india-ne ... 10520.html
Making sense of the advance GDP estimates
The National Statistical Office (NSO) released the first advance estimates of GDP for 2021-22 on January 7 and put the number at 9
A review of half-yearly and quarterly GDP aggregates – quarterly GDP numbers are available till September 2021 and we can estimate GDP in the second half of 2021-22 from the first advance estimates – can provide an answer.

Overall GDP came back above pre-pandemic levels in the second half of the last fiscal (October 2020-March 2021). However, PFCE did not share this recovery and was 0.1% less than the pre-pandemic PFCE level in the corresponding period. To be sure, PFCE did go above pre-pandemic level in the quarter ending March 2021. However, this was more a result of pre-pandemic PFCE level being lower because of pandemic-related worries – PFCE annual growth in March 2020 was just 2%, the lowest since June 2012 – than a sharp rise in consumption demand in the March 2021 quarter.
Suraj
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Suraj »

I don't agree with the PFCE argument. The private consumption figure has been in secular decline for decades now. It used to be almost 85% of GDP in the early 1950s. It dropped to 61-62% of GDP by 2000, to 58-59% of GDP in 2010, and for the past few years has trended around 56% of GDP.

The growth drivers now are investment (33% of GDP) and the reduced trade imbalance as percent of GDP. Private consumption may rise incrementally as supply issues resolve themselves, but the long term trend has been towards a much greater share of investment and trade as a fraction of GDP. This is a move towards the SE/East Asian model.
nandakumar
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by nandakumar »

If any thing in the next few years the process of investment led GDP growth is only going to sustain if not grow even further. A sneak preview of SBI economic outlook report (it should be out today or tomorrow) tells me that companies are looking to expand their capacities. This is as it should be. After the investment binge of the 2008-13 cycle which led to lot of stranded assets there was a period of stagnation. Now that is getting reversed. I feel we are economically in a sweet spot if the political situation is conducive.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Cyrano »

This sustained growth is probably why GoI is not too bothered by trade deficit with China. If we can import cheap capital goods, machinery, raw/processed materials from them to strengthen our own economy so be it for a few years, until PLI schemes deliver and import substitution happens in key sectors. Like Pharma APIs for ex. Import of cheap consumer goods from China must be squeezed out with focused mesures and increased public awareness.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by yensoy »

Cyrano wrote:This sustained growth is probably why GoI is not too bothered by trade deficit with China. If we can import cheap capital goods, machinery, raw/processed materials from them to strengthen our own economy so be it for a few years, until PLI schemes deliver and import substitution happens in key sectors. Like Pharma APIs for ex. Import of cheap consumer goods from China must be squeezed out with focused mesures and increased public awareness.
Exactly! If someone is willing to give you 100 rupee worth stuff for 50 rupees, and you can manage the side effects of not producing it yourself (or you may even benefit by not producing it yourself and dealing with pollution/environmental degradation) then why not? Chinese manufacturers compete with each other and keep prices low, so low that rest of the world can't match. Most imports are commodities with razor thin margins.

This is why I have been arguing that we should buy sugar and cotton from Pakistan.

Of course we need a second source for critical items, especially pharma APIs, chips etc. Or a big stockpile, and capability of setting up our own units before the stockpile runs out.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

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