Indian Economy News & Discussion - Nov 27 2017

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

Post by Cyrano »

vijayk wrote:UPI Engg team
Thanks for posting. These guys are world class great managers and technocrats !
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://economictimes.indiatimes.com/in ... 171967.cms
Europe’s largest carmaker is taking a closer look at India — again. Volkswagen AG wants to remain a strong player in Europe and China, but in the face of growing geopolitical tensions and an increasingly complex regulatory environment, the German carmaker is looking beyond the US for markets with growth potential, Chief Executive Officer Arno Antlitz said.
We’re turning our attention to India to be more robustly positioned in this new world,” Antlitz said in an interview with Porsche Consulting Magazin. “India has enormous growth potential in my view.”

The effort will mark yet another attempt by the company to break into the Indian market in a significant way. The carmaker’s earlier efforts to boost its presence in India have often been bruising experiences. An alliance with Suzuki Motor Corp. ended in a fierce legal dispute before a single ..
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

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

Post by Atmavik »

https://www.youtube.com/watch?v=XsPUITKDTCY

Digital India Transformation. Decoding India's MSME Sector Growth With Experts

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

Post by chetak »

x posted from the political thread, it tells you India's growth story


Don't miss this.

It will simply blow you away.....

why do you think soros and his commie gang are crapping bricks, watch and Bagla tells you why...


https://www.youtube.com/watch?v=45PrXujlQCo


Treasury Leadership Forum 2023 Deepak Bagla


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

Post by chetak »

x posted from the political thread.

This video has economic implications aw well


How George Soros sparked the Asian Financial Crisis | Economist Marie-Aimee Tourres speaks





23 Feb 2023 #georgesoros #soros #asia
French development economist Professor Marie-Aimee Tourres speaks exclusively to The Lede detailing how several Asian economies collapsed in 1997-98 following speculators shorting the Thai Baht.
VinodTK
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by VinodTK »

Unemployment rate falls to lowest since 2018; job markets recover from pandemic
Job markets have recovered, the unemployment rate is down, and the share of agriculture in jobs is declining, economic statistics that should bring cheer to the government ahead of the national election in 2024 — that’s the gist of jobs data released on Friday.

When the National Sample Survey Office (NSSO) released GDP numbers for 2021-22 last May, it became clear that the Indian economy had crossed pre-pandemic levels in terms of overall incomes after the 6.8% contraction in 2020-21. The question that was still unanswered back then was whether the pandemic had left permanent scars on the labour market. Headline numbers from the 2021-22 Periodic Labour Force Survey (PLFS) report released by the NSO on February 24 suggest that even the labour markets have recovered from the pandemic. Two key statistics support this conclusion. The unemployment rate has fallen further in the 2021-22 PLFS round and, more importantly, the increase in the employment share of agriculture seen in the 2020-21 round has been reversed.
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vijayk
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://www.livemint.com/companies/news ... 86668.html
S&P affirms rating of Adani Green, removes from 'under observation' on fully secured debt

Despite the turmoil in Adani Group, S&P Global has affirmed its rating on Adani Green Energy at 'BB+' with a stable outlook. Also, the American credit rating agency has removed the company from under-criteria observation. S&P expects the company's restricted group to help meet repayment obligations due to its strong reserving mechanism.


Wondering if the shorts are covered?
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Image

@PiyushGoyal

“We can’t sell even a ton of steel in Japan and South Korea due to their highly nationalist sprit. We unfortunately don’t have that in India. If we can save 10 paise, we are happy to import from anywhere and anybody.”
sanjaykumar
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by sanjaykumar »

The Americans had that complaint about Japan from the 1970s onwards.


Look at where America is now and where Japan is today.

What is South Korea?
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by bala »

vijayk wrote:
@PiyushGoyal

“We can’t sell even a ton of steel in Japan and South Korea due to their highly nationalist sprit. We unfortunately don’t have that in India. If we can save 10 paise, we are happy to import from anywhere and anybody.”
The State of Chattisgarh has good quality Iron ore, which are mined by huge Caterpillar vehicles and carted to Indian railways freight trains. The trains run to Vizag and onto ships and then onwards to Japan. Steel is manufactured in Japan from Indian iron ore. These come back to India as Honda, Toyota cars at premium. What happened to AtmaNirbhar?

The trade with China is hugely skewed towards net benefit for China. The GOI is sleeping on the trade issues.
Last edited by nachiket on 28 Feb 2023 06:31, edited 1 time in total.
Reason: edited to remove large image
nachiket
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by nachiket »

bala, if you are quoting posts with large images please remove them from the quoted post. This makes the thread more readable. Thanks
JTull
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by JTull »

sanjaykumar wrote:The Americans had that complaint about Japan from the 1970s onwards.


Look at where America is now and where Japan is today.

What is South Korea?
It is exporting nuclear reactors, submarines, fighters, howitzers besides electronics and automobiles. That is South Korea!
KL Dubey
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by KL Dubey »

bala wrote:The State of Chattisgarh has good quality Iron ore, which are mined by huge Caterpillar vehicles and carted to Indian railways freight trains. The trains run to Vizag and onto ships and then onwards to Japan. Steel is manufactured in Japan from Indian iron ore. These come back to India as Honda, Toyota cars at premium. What happened to AtmaNirbhar?
https://www.cnbc.com/2023/02/01/iron-or ... d%20China.

Indian iron ore exports are tapering off. Rapidly rising domestic consumption will mostly take care of this.

And those Japanese cars "coming back" to India also means the steel is coming back and can be recycled. Instead of worrying too much about iron ore, we should instead boost the recycling economy. Steel is a good candidate for high levels of recycling.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by sanjaykumar »

No doubt South Korea is doing extraordinarily well for its size. Perhaps any size.

It’s just not in the same league with the xenophobic economy of Japan. Which in turn is not in the same league as the much more open economy of the US. Its K pop etc are echoing the Japanese anime soft power paradigm. But on a global scale of national power, it possibly ranks lower than poor India.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

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

Post by vimal »

This will seriously dent India’s economic rise if not plugged.

Apple supplier Foxlink halts production at Indian facility after massive fire.

https://www.fortuneindia.com/amp/story/ ... e%2F111741

U.S.-based smartphone maker Apple Inc’s supplier in India, Foxlink decided to halt production at its facility in Andhra Pradesh after a massive fire at its premises collapsed a part of the building on the premises. Foxlink, a subsidiary of Taiwan-based Cheng Uei Precision Industry Co Ltd, makes iPhone charger cables for the U.S.-based smartphone giant in India.

The prime cause of the fire, which broke out on Monday afternoon and damaged more than 50% of the equipment at the facility, is yet to be ascertained, a global news agency report said. Though the fire has been contained now, and no casualties have been reported so far, officials are pegging the monetary loss at the facility at about $10-12 million. Both Apple and Foxlink, however, have not issued any statements on the matter so far.

Foxlink is one of many of Apple's supplier partners in India. The Cupertino, California-based tech behemoth started assembling iPhones in India in 2017, initially with two Taiwanese companies Wistron and Foxconn.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Vips »

GST collections rise 12% to Rs 1.49 lakh crore in February.

GST collections rose 12 per cent to over Rs 1.49 lakh crore in February, the finance ministry said on Wednesday. February 2023 witnessed the highest cess collection of Rs 11,931 crore since implementation of GST.

The collections are, however, lower than the second highest Goods and Services Tax (GST) mop-up recorded in January at over Rs 1.57 lakh crore.
The collection reached an all-time high of Rs 1.68 lakh crore in April 2022.

Image

"The gross GST revenue collected in the month of February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and cess is Rs 11,931 crore (including Rs 792 crore collected on import of goods)," the ministry said in a statement.

The revenues for the month of February 2023 are 12 per cent higher than the GST revenues in February 2022, which was Rs 1.33 lakh crore.

Normally February, being a 28-day month, witnesses a relatively lower collection of revenue, the ministry said.
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Re: Indian Economy News & Discussion - Nov 27 2017

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Amid Hindenburg row, lenders to retain credit limits of Adani; What’s driving the strong rally in Adani Group stocks
https://www.indiatoday.in/business/stor ... 2023-03-01

George Soros made a huge mistake investing $1 billion on Congress to overthrow Modi.
He forgot Congress Motto: When Rs-1 is allocated for something, only 15 paisa reaches the end user.

The Adani Group has told creditors that it has secured a $3 billion loan from a sovereign wealth fund.

Adani Group stocks have been rising since Tuesday, with its flagship company Adani Enterprises leading from the front.

■ Adani Group’s fixed-income roadshow in Singapore and Hong Kong to boost investor confidence seems to have played a crucial role in boosting the stocks of listed companies.
■ The fresh rally comes after Adani Group has received a firm commitment for a $800 million debt facility, which will be used to refinance Adani Green Energy’s $750 million 4.375 per cent bond due in September 2024.
■ The credit line from the sovereign wealth fund could be upsized to $5 billion, citing a memo circulated to participants as highlights of the three-day investor roadshow that ends today.
■ The fresh fundraising plan comes a day after the Adani management told bondholders that it plans to repay or prepay share-backed loans worth $690 million to $790 million by the end of this month.

These plans were discussed at the fixed-income roadshow with investors and other stakeholders. The group’s focus on debt reduction seems to have calmed investors, evident from the strong recovery rally since Tuesday.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

This cannot happen without the active participation of the deep state, committed politicos, and "enlightened" and well oiled babooze' direct involvement in the concerned PSUs also being in the loop


Cheeni shell companies registered in the EU/UK etc are bidding for, winning and doing natsec critical contracts for Indian PSUs


To bypass Indian restrictions and escape scrutiny, cheeni companies are bidding for tenders issued by public sector undertakings (PSUs) by presenting themselves as entities registered in other countries


Indian PSU@IndianPSUs

MCA Crackdown On Chinese Shell Companies In India - Indian PSU | Public Sector Undertaking News
A similar ecosystem exists in the US from which the cheeni have drawn lessons learned strategies and tactics and have adapted the same in India after modification to blend with local environments
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Image

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

Post by vijayk »

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

Post by Cyrano »

Very misleading graph if unaccompanied by context, for ex if service sector or agri sector is growing faster in one country compared to the other, it will show downtrend, and up trend if mfg is the only sector doing well.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Cyrano wrote:Very misleading graph if unaccompanied by context, for ex if service sector or agri sector is growing faster in one country compared to the other, it will show downtrend, and up trend if mfg is the only sector doing well.
I am looking at only our trend. We have long way to go
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by gakakkad »

^ In that graph manufacturing as a share of gdp seems to be fluctuating between 16-14% . initially seemed secular donwtrend and then a plateau and now an uptrend.. I don't thing that ll achieve statistical significance for india. especially not after 2014..
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Another thing

1. PLI scheme results coming out now
2. Most of the bank credit issues resolved only by 2021
3. Manufacturing FDI went up only in 2022
Last edited by vijayk on 03 Mar 2023 20:37, edited 1 time in total.
chetak
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by chetak »

In the meanwhile, back at the ranch....

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

Post by Prem Kumar »

Foxconn is going to open another manufacturing unit in Bengaluru, at a cost of $700 Million. Expected to create another 1 Lakh jobs!!

The sheer scale of jobs created by 1 brand & its component suppliers should open up our eyes to the bus we have been missing under the Congress. PLI has been a spectacular success
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Prem Kumar wrote:Foxconn is going to open another manufacturing unit in Bengaluru, at a cost of $700 Million. Expected to create another 1 Lakh jobs!!

The sheer scale of jobs created by 1 brand & its component suppliers should open up our eyes to the bus we have been missing under the Congress. PLI has been a spectacular success
They are opening in Telangana, Tamilnadu and Karnataka

We also need another super agency to deal with urban hygine, recycling, transport and affordable housing independent of politicians
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Atmavik »

chetak wrote:In the meanwhile, back at the ranch....

This genius will ask us to create liberal arts univ and provide jobs to his friends to cook khayali pulao
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by williams »

Cyrano wrote:Very misleading graph if unaccompanied by context, for ex if service sector or agri sector is growing faster in one country compared to the other, it will show downtrend, and up trend if mfg is the only sector doing well.
It is just a % of the GDP trend. Obviously, for larger economies, it does not tell the whole story. But India does have the potential to grow as India starts exporting more and importing less of the value-added goods.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by yensoy »

Atmavik wrote:
chetak wrote:In the meanwhile, back at the ranch....
This genius will ask us to create liberal arts univ and provide jobs to his friends to cook khayali pulao
I read this comment first before seeing the quoted post, and I guessed that the genius in question was none other than RRR :rotfl:
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

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

Post by vijayk »

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

Post by fanne »

CONTEXT - iS THE ABOVE USER %, OR MANUFACTURING CAPABILITY, OR IP holding or what?
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

fanne wrote:CONTEXT - iS THE ABOVE USER %, OR MANUFACTURING CAPABILITY, OR IP holding or what?
I think it is related to IP and capability
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

https://www.business-standard.com/artic ... 413_1.html
Services PMI at 12-yr high of 59.4 in Feb on strong demand, easing prices
Strong demand, easing price pressures amid mild job creation drive index
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by gakakkad »

vijayk wrote:Image
List is probably made by ccp :rotfl: clearly Chinese propaganda
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Vamsee »

^^^^

Full report related to above image Link
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by fanne »

so it is r&d output - future wares/VAPOR WARE - But indicative data never the less
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