Indian Economy: News and Discussion (Apr 1 2011)

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Hari Seldon
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Hari Seldon »

ldev wrote:Japan, India Agree to Set Up $15 Billion Swap Line

So the agreement is more than the $10 Billion amount speculated earlier. But it is small potatoes considering Japan's $70 Billion swap agreement with South Korea and the unlimited swap lines between the US Federal Reserve and the European Central Bank.
Small potatoes or not, its good news.

Call it proof of concept if you will. Let it show merit, bear fruit and it will be further expanded and invested in, IMO.

India-Japan partnering is long overdue, kept apart as we've long been by extraneous factors. Economic (and security) logic is compelling and is finally compelling course correction.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by ldev »

^^^^
That is true. Although called a swap, it is in reality a one way 3 year revolving loan to backstop RBI's firepower to defend the rupee. Add the 450 billion yen loan for the railway freight corridor and it totals a $20 billion view that Japan has taken on India. Looking at it another way, this is the Government of Japan insuring and protecting the investment of Japan Inc. in India. Either way its very good news.

I dont think there is a better illustration of the benefits of greater economic interaction with the rest of the world. The reason that Japan has a $70 billion swap facility for South Korea is the proportionately much greater stake that Japanese industry has in South Korea. Again, Japan is ensuring that South Korea and thereby Japanese investment in South Korea is able to withstand the strains in the financial markets resulting from the ongoing credit crisis and is providing insurance to that effect. Ditto for the Fed's current swap lines with the ECB, Bank of Japan, Bank of England, Bank of Canada and the Swiss National Bank.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Singha »

the plan is japan cos want to invest along the rail corridor as the logisitics will be taken care of and the HBJ pipeline and some spurs already exist.
http://www.tribuneindia.com/2004/20040304/science1.jpg

=> more investment for MH, Guj, rajasthan, western MP and NCR.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by SwamyG »

I am using Vina saar's post in a totally different context here.

http://forums.bharat-rakshak.com/viewto ... 8#p1218788. It was in reply to Dileep saar's post: http://forums.bharat-rakshak.com/viewto ... 0#p1218780
Lets face it, the modern generation growing up on "English Vegetables" have given the "Naattu" veggies largely a go by, especially the lesser grown ones. Sorry dude, it is largely Potatoes, Onions types only for this day and age. Sad but true. Try pushing the traditional ones to your kids for a weak and you will hear groans all around and demands for potatoes, carrot, cabbages etc.
The process of not using traditional ingredients and food products will hasten with organized sector. Granted a family in Tamil Nadu would be able to procure a product grown or produced in Assam and vice versa. Over a long term, there will be a standardization that will hurt the variety.

Signs of changing contours of our society.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by gakakkad »

Jagdish Bhagwati- Gujarat is the fastest growing state. Even in social indicators it is growing faster than Kerala. Take that , you sickoolar Modi bashers.

“But a comparison of opposite Indian states suggests that Gujarat’s rate of expansion in a amicable zone is most aloft than that of anywhere in India, including Kerala”, he said, indirectly criticising Nobel laureate Amartya Sen, who advocates Kerala as one of a best models around a universe where giveaway trade, clever amicable zone and clever democracy converge.
Bhagwati’s was a initial in a array of lectures a Gujarat supervision skeleton to classify as partial of a Swarnim Gujarat harangue series. Bhagwati’s lecture, “Debunking Populist Myths That Undermine Prosperity -Lessons from and For Gujarat”, took place during Mahatma Mandir in Gandhinagar. Bhagwati is highbrow of economics and law during a Columbia University.
http://www.ibetanews.com/story.php?titl ... ry=gujarat


TOILET paper , was busy criticising the sosiyal indicators of Gujarat , claiming that the fascist rapid growth rate was leaving behind poor. Raised a big hoopla ,about it. But no ones even publishing this story .
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by devaraj_d »

Newbie question:

What is the need for us to enter into a dollar swap with Japan for just $15 Billion when we have foreign exchange reserves of $300 billion?

Thanks.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by svinayak »

This is to cover most of the short term currency exchange shortages which will artificially swing the rates in either direction.

This swing needs to be avoided if long trading relations have to develop
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Austin »

Government to borrow additional Rs 40k cr
NEW DELHI: The government on Friday announced that it will borrow Rs 40,000 crore extra from the market, a move prompted by sluggish tax revenues and mounting spending commitments. This is the second additional borrowing announced by the government for the current fiscal as public finances have been under stress.

A slowing economy has hurt revenue receipts while volatile stock markets have hit the government's plans to raise Rs 40,000 crore from disinvestment in state-run companies. "With this modification, the gross market borrowing through dated securities during 2011-12 will further increase by Rs 40,000 crore over the already announced increase of Rs 52,872 crore," the finance ministry said in a statement. In September, the government had increased its market borrowings by Rs 52,872 crore to meet funding needs.

A senior finance ministry official said there would be no further borrowing for the rest of the fiscal year. "We don't anticipate any more borrowing," the official, who did not wish to be identified, told TOI. The government in its February Budget had estimated to borrow Rs 4.17 lakh crore in the 2011-12 fiscal but has clearly overshot that considerably.

The government also announced a large borrowing plan through short-dated paper for the January-March quarter. "The increase in the Treasury bills is only for cash management purposes as we anticipate huge redemption in the first five weeks of the new fiscal year," the finance ministry official said.

Analysts said the additional borrowing showed that the government's fiscal situation was under tremendous pressure. "This clearly indicates that there is fiscal stress. Rs 40,000 additional borrowing plus the T-bills will mean that bond yields will remain on the higher side," said Indranil Pan, chief economist at Kotak Mahindra Bank.

He said the fiscal deficit for the current financial year would end up close to 6% of gross domestic product. The government has said it would be difficult to meet the target of 4.6% of GDP. The government's subsidy bill has shot up, while revenues have remained sluggish.

Finance minister Pranab Mukherjee has said that fertilizer subsidy could be Rs 90,000 crore as compared to the budget estimates of Rs 50,000 crore. The government is also expected to shell out an additional Rs 45,000 crore to compensate oil firms for selling auto and cooking gas fuels below international prices. The food subsidy bill is also expected to be significantly more than budgeted Rs 60,572 crore.

Officials say despite Rs 30,000 crore savings by various departments, they are staring at a fiscal deficit of at least 5.2% in 2011-12.

"Revenues are weak, the subsidies are mounting and the only way to meet the fiscal deficit target is compressing the expenditure but that is unlikely. The fiscal deficit is likely to be around 5.5% to 5.6%," said D K Joshi, chief economist at ratings agency Crisil.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by ashish raval »

More high tech jobs for next gen India in new year. :D
http://www.dnaindia.com/india/report_ma ... on_1631822
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by neel »

Theo_Fidel wrote:I don't always read the racist rag but bit of OT but important news. Our sex ratio is skewing back to normal at a rapid rate. I blame TV. :D #1 social reform tool. :D

http://www.economist.com/node/21542208

A glimmer of hope in the sad tale of sex-selective abortion in India
Now, however, comes evidence that India may in fact be succeeding. In a pair of articles in the Indian Express, Surjit Bhalla, an economist, and Ravinder Kaur, a sociologist, use a different set of figures to get a different result. On the basis of the national sample surveys (NSS), they calculate that India’s sex ratio at birth swung from 924 females per 1,000 males in 2004-05 to 977 in 2011, a stunning turnaround in favour of girls.

The NSS figure is not comparable to the census. It shows the sex ratio at birth, whereas the census shows the ratio for children aged 0-6 (census figures for the sex ratio at birth have not been published). But there are reasons for thinking the NSS is reliable. The sample size, of 125,000 households, is large. And when the NSS does produce figures comparable to the census, they closely match it (for example, the NSS and census figures for the child sex ratio in 2001 and 2011 are almost identical). The new figure represents a very big change. A sex ratio of 977 girls to 1,000 boys is closer to what prevailed in the 1960s than it is to more recent decades.

So it is possible that the sex ratio has begun to change recently in ways not captured by the census. If so, why? Mr Bhalla and Ms Kaur pin the explanation squarely on the behaviour of parts of India’s middle class. What they call the mature middle class, those with an annual income of 170,000 rupees ($3,200) for a family of five, no longer practises sex selection. Ms Kaur’s research in five Indian states finds that richer middle-class families are no longer using sons as vehicles for upward mobility. A combination of female education, the spread of “modern” social attitudes through television, government policies and a dawning sense that daughters are more likely than sons to look after parents in old age are all having a cumulative effect. This is persuading the richer parts of the middle class that girls are as valuable as boys. The authors reckon this slice of the population has almost doubled in size in six years, from 27% in 2005 to 50% in 2011, so its preferences explain the change in the figures.

The argument might seem to contradict the view that sex selection rises as people get richer. In fact, at slightly lower levels of income, the link is as strong as ever. Mr Bhalla and Ms Kaur find sex selection has run rampant among what they call the emerging middle classes—those with an income of 90,000-170,000 rupees a year. But since this group has declined as a share of the population, from 68% in 2000 to 41% now, their preferences have a smaller impact.
Monica Das Gupta of the World Bank points out that the 2011 census shows the sex ratio is beginning to return to normal in Punjab and Haryana, states where sex-selective abortion used to be common, but which now report big changes in attitudes to girls.
Meanwhile, these states need to get their collective asses in gear. Shameful, everyone of them. Esp. the new offenders. :evil:
Meanwhile, in nearby Gujarat, Uttar Pradesh, Rajasthan and Maharashtra, the sex ratio is getting worse. These are states with more of the emerging middle classes. Because there are many such states and some, like Uttar Pradesh, are huge, they explain why the national child sex ratio became more distorted in 2001-11.
The real news, aside from the welcome improvement in the sex ratio, that I take from this is that the household income distribution is:
9%ile = Rs. 90000
50%ile = Rs. 170000

In contrast, the consumption levels reported in the 66th round NSSO CES are (at 2009-10 prices):
10%ile ~ Rs. 31000
50%ile ~ Rs. 54000

With a 25% household savings rate, that implies a reported income of:
10%ile ~ Rs. 40000
50%ile ~ Rs. 70000

Even assuming that there has been 20% inflation since 2009-10 still puts the reported income at:
10%ile ~ Rs. 50000
50%ile ~ Rs. 85000

If I am interpreting these results correctly, unless these households are engaging in significant non-consumption expenditures that are not considered savings (although I was under the impression that such a thing was impossible by tautology), the household income numbers in these reports are inconsistent by at least factor of 2. Since, IIRC, the 90k and 170k numbers come from Kinsey Consulting, who did their own assessment of income levels, I would be inclined to believe a 50% under-reporting to NSSO, but it is possible that this is not the case. This has important implications for GDP estimation, since, if the under-reporting is really a factor of 2 in the informal sector, the actual GDP per capita is ~35% higher (since the informal sector produces ~70% of the output) even without any under-reporting in the formal sector. It also has important implications for poverty estimations:

The Tendulkar Commission's definition of the poverty line (i.e. enough that one could to afford, if one were so inclined, to purchase the basic level of every category of consumption at normal prices) was Rs 19.02 per capita per diem in urban areas and Rs 14.68 per capita per diem in rural areas at 2004-05 prices. Since the price level in 2011 as measured in the basket of everything produced in India (i.e. the GDP deflator) has increased by 56.37% relative to that base year, we can estimate the current price of the poverty line basket (PLB) to be Rs 30 per capita per diem in urban areas and Rs 23 per capita per diem in rural areas. Rs. 30 per capita per diem is Rs. 11000 per capita per annum and Rs. 23 per capita per diem is Rs. 8400 per capita per annum. Assuming a 5 member household, Rs. 11000 per capita is a household consumption level of Rs. 55000 and Rs. 8400 per capita is a household consumption level of Rs. 42000. So, if we believe Kinsey over NSSO, and assuming that the inflation in the PLB has been ~the same as the GDP deflator, although this assumption was incorrect enough that the bulk of the actual Commission report is spent explaining an alternate methodology to measure inflation in the PLB, the actual fraction of the population living in households that cannot afford the PLB is significantly less than 9%.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Ambar »

ashish raval wrote:More high tech jobs for next gen India in new year. :D
http://www.dnaindia.com/india/report_ma ... on_1631822
There's more to it than just investment. Graziano's India CEO was bludgeoned to death 3 years ago.As usual few arrests were made, and in a few months everyone was let go stating "no solid evidence". Gujarat and TN are two states that have historically been anti-union, its only natural that companies prefer to invest in such states than UP, WB, Kerala or an increasing communist Karnataka/Haryana.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Ambar »

Acharya wrote:This is to cover most of the short term currency exchange shortages which will artificially swing the rates in either direction.

This swing needs to be avoided if long trading relations have to develop
Our yield curves have flipped! We have inverse curve for many short term papers! While we are too busy dancing on the streets about west's economic demise, our debt servicing this year alone will be ~90 billion $! While government can inflate its way out of the internal debt (which now stands at a whooping 38 trillion Rs not counting private domestic debt!), we need swaps just to keep rupee stable and make good on short term debt. If the global liquidity crunch continues, and India continue to be an asian laggard, rupee can well be expected to fall another 10% in the next year.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by ashish raval »

Ambar wrote:
ashish raval wrote:More high tech jobs for next gen India in new year. :D
http://www.dnaindia.com/india/report_ma ... on_1631822
There's more to it than just investment. Graziano's India CEO was bludgeoned to death 3 years ago.As usual few arrests were made, and in a few months everyone was let go stating "no solid evidence". Gujarat and TN are two states that have historically been anti-union, its only natural that companies prefer to invest in such states than UP, WB, Kerala or an increasing communist Karnataka/Haryana.
Does this mean that these jobs are basically shifted and not as per plans of these companies to expand their footprint in richer India in few years time ? I second that. I also don't believe these states are turning their back on corporations. No one in the world can afford in 21 st century to shoot their own foot. Couple of years back these states were in neck to neck with every other states to offer attractive investment to mr. Ratan tata for nano plants.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by harbans »

I have always maintained that some igures were always wrong when it came to India:

1. HIV Aids (WHO got it all wrong. Correction was made a few years back)
2. Poverty Figures (Don't believe them still)
3. Sex Ratio figures (Always felt migrant male labor was responsible for the skewedness)

As for 3, have traveled and known family, friends relatives in all 3 states Punjab, Haryana and Western UP/ Uttaranchal. All supposedly where the figures are haywire and it's sort of 'norm' killing female foetus. But i didn't encounter in the family, village links, relatives village links a single case in so many decades of a single case. If it were so dominant then definitely it would extend to my family, relatives, friends relatives somewhere. So i consider these figures crap.

Lies built up by NGO's, vested interests that feel happy that India is mauled by some stats. On these very threads i have mentioned this about all 3 above years back. And they are being slowly proved right.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by svinayak »

Indian image is controlled by a special group. This westernized image is carefully controlled for their global control
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Singha »

the "more malnourished in india than sub-saharan africa" is another cats paw item...
some indic NGOs are happy to play along as it gets them funds and their principals get foreign trips to development confs to rub shoulders with 'intellectuals' from other countries.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by suryag »

Singhaji the leftist frontline has a number of articles on revival of PDS
Understanding the PDS
If sub-saharan levels are better than the carb levels provided by 35Kg rice yes then we are worse than them else it is all hot air
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by gakakkad »

The sub-saharan africa thing is a load of bull crap . Sub saharan africa has extremely poor health stats . Even the poorest UP/Bihar villages don't match with them. The India statistics used for malnutrition are from NHFS 2 in 1995/1996. They are 16 year old stats . no truth in them.

If the median household income is 4500 USD (1.8 lakh) and that too is understated , than I don't see any truth in the malnutrition stats . If 60% Indian population has cell phone (1 per every household) , than surely they have food .

ADDED LATER

Here is a list of countries by Infant Mortality Rates (IMR) for the last 60 years. In 2009 (cia estimate) Indian IMR is 30 . Which is better than the world average (42) TSP IMR is 65 . Most subsaharan countries it is 80-90. Panda 20. Unkil 6-7. Bliss to note Cuba is better than unkil. . Look at the sub saharan countries . You ll know what I mean.

http://en.wikipedia.org/wiki/List_of_co ... ality_rate

Also look at the rapid improvement from 2000 to 2005 to 2009 . It is tougher to get malnutrition data than IMR , because IMR can easily be collected from birth/death records , which are fairly well maintained in India. If a country has better IMR/MMR than another , it ll have less malnutrition also. That is obvious .

But the malnutrion data , you need to survey a poulation and take measurements . That is the tough part .
Theo_Fidel

Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Theo_Fidel »

WRT sex ratio it is not a dominant thing in society. Unfortunately it doesn't take much to skew the ratio. Just 5% of families aborting a single female fetus will do it. What the povertywallahs then do is parade that as a sign of how evil modern India economy and modern Indian society is while glorifying the noble savage living out in the Javadi hills. It is nothing of the kind. These are customs all societies have/had, ours just needs reform to change incentives.

This survey basically says that this is happily happening automatically. Without the need for poverty wallah programs. It is social customs that determine things like mal-nutrition, sex ratio and women/infant mortality rates. Not just economic levels. That is exactly what this survey is pointing out. Similar to Cuba BTW. As social customs change, well being of population increases.

Next major social attack must be on sanitation. Toilets, trash, recycling, cleanliness, etc.
---------------------------------------------

I think the real claim WRT sub Saharan Africa is that in sheer numbers there are more Mal-nourished in India than in Sub-Sharan Africa. When you consider that Sub-Saharan Africa has 1/2 the population India has you see how statistics are being twisted for use by the professional poverty-wallahs.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Ambar »

harbans wrote:I have always maintained that some igures were always wrong when it came to India:

1. HIV Aids (WHO got it all wrong. Correction was made a few years back)
2. Poverty Figures (Don't believe them still)
3. Sex Ratio figures (Always felt migrant male labor was responsible for the skewedness)

As for 3, have traveled and known family, friends relatives in all 3 states Punjab, Haryana and Western UP/ Uttaranchal. .
I don't know about 1, neither do i think GOI does. As for 2, the best indicator is the per capita GDP figure, which at <1500$/yr in a country with ~10% core inflation indicates you the level of poverty that exists. Sure, you may not see this in big cities where per capita income could easily be 4-5 times that figure, but most Indians live in small towns and villages, and many of them are still excruciatingly poor.

As for 3, oh it exists! I'm ashamed to say I've seen my own relatives who are well educated and well off un-apologetically saying how much they want a boy child instead of a girl, i still remember our maid being abused by her family for not bearing a boy child after 2 girls..so its well there, and we have a long way to go before we can culturally modify that notion that boy child is better than a girl.

Someone mentioned cellphone users as a good indicator to gauge nourishment/poverty etc. Thats a skewed indicator. We had a huge debate on TSP dhaaga an year back on the same subject. As a % of population, Pakistan has just as many or more mobile phone users than India, but it does not mean they are better off than most Indians. One can keep a cellphone active with as little as Rs100/month, but a kilo of lentils or meat that would last for a day or two for a family of 4 is repetitive, and there by more prone to compromises than the former.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by member_20317 »

Theo_Fidel wrote:WRT sex ratio it is not a dominant thing in society. Unfortunately it doesn't take much to skew the ratio. Just 5% of families aborting a single female fetus will do it. What the povertywallahs then do is parade that as a sign of how evil modern India economy and modern Indian society is while glorifying the noble savage living out in the Javadi hills. It is nothing of the kind. These are customs all societies have/had, ours just needs reform to change incentives.
Not like that am afraid.
what is being propagated is primarily the highly skewed ration in certain states like Punjab, Haryana. therein lies the lie. while preference for boys cannot be denied even in families that have not aborted female bhroon but at the same time the prime reason of highly skewed ration in Punjab and Haryana and Delhi may not be due to these reasons. I am from Uttranchal, our state economy is known as money order economy. Reality is even Bihar and certain parts of UP and Bengal have this money order economy. The young males from these areas migrate to the richer Punjab, Haryana, Delhi and stay there taking their residency documents, PAN, lease deeds over in these states and rightly claim residency in these states. they then send money orders to their folks which is actually lesser now by one male. that is why you have the strange case of richer punjabis coming out as female aborters and this is especially so because very small areas are supporting vast areas that are poor. I doubt if the society can be made to change in its preferences in less then 5-10 years. all this is more a case of Shanghai statistics drawn out JNU style.

Lets institute migration permits controlled by the state. ;)
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by kumarn »

Btw, it is no longer easy to get a doctor to tell you the sex of the foetus. I think the sex indicators for the age group 0-5 would have been corrected because of the strict rule in this regard.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Singha »

I tried to read up on sub saharan africa in wiki today. it seems 'sub saharan' does not mean the belt of countries bordering the sahara...but just about every other country in entire africa!
must be another layer of cats paw gaming ongoing at some level as to why entire africa incl the lush areas of west africa are classified as sub-saharan
http://en.wikipedia.org/wiki/Sub-Saharan_Africa
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by pankajs »

The India story: Three cheers for 2012, and beyond!
Forget the current bout of economic stress; India is blessed with growth drivers that won’t go away in a hurry.
Closer home, 2011 started with hopes of over nine per cent economic growth, but the mood quickly soured, what with the government shy of taking policy decisions and businesses stung by high interest rates and general slackness in demand. An environment of brinkmanship and distrust marked the discourse between the government, civil society and business. Uncertainty made markets nervous, and investors lost billions in stock market wealth.
But, even amid all this gloom and doom, there is much going for India that one can take comfort from.

ADVANTAGE INDIA

Young demographics
Strong domestic consumption-led growth
Growing middle class
Increasing productivity
Strong entrepreneurial culture
More transparent & accountable government, big businesses & markets
Politics of aspiration & inclusion
Growing urbanisation
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by vera_k »

gakakkad wrote:In 2009 (cia estimate) Indian IMR is 30 . Which is better than the world average (42) TSP IMR is 65 . Most subsaharan countries it is 80-90. Panda 20. Unkil 6-7. Bliss to note Cuba is better than unkil.
CIA is wrong on this one :roll: . India IMR as per the recently released stats was 47 in 2010. I am hopeful that CIA is similarly underestimating the defence programs.

SRS bulletin December 2010

Thing to note from the SRS surveys is that the numbers move only when politicians pay attention to them. For instance, Delhi IMR was stuck at 33 for 10 years (1998 onwards) until it started showing improvement after the media made a fuss over it a few years ago. Similarly, TN started showing big improvements after the state government started paying attention.
Theo_Fidel

Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Theo_Fidel »

ravi_g wrote:what is being propagated is primarily the highly skewed ration in certain states like Punjab, Haryana. therein lies the lie. while preference for boys cannot be denied even in families that have not aborted female bhroon but at the same time the prime reason of highly skewed ration in Punjab and Haryana and Delhi may not be due to these reasons. I am from Uttranchal, our state economy is known as money order economy. Reality is even Bihar and certain parts of UP and Bengal have this money order economy. The young males from these areas migrate to the richer Punjab, Haryana, Delhi and stay there taking their residency documents, PAN, lease deeds over in these states and rightly claim residency in these states. they then send money orders to their folks which is actually lesser now by one male. that is why you have the strange case of richer punjabis coming out as female aborters and this is especially so because very small areas are supporting vast areas that are poor. I doubt if the society can be made to change in its preferences in less then 5-10 years. all this is more a case of Shanghai statistics drawn out JNU style.
This is faulty logic. By that measure the skewing should show up as a Female preference over in Bihar and UP. It does not.

The sex ratio metric measures under 12 children mostly. Leaves out the entire adult male population. Are you now saying that male Children under 12 are being conscripted for labor in massive numbers in Punjab, Haryana & Uttaranchal. A natural order is that about 106 girls are born for 100 boys. Much of the South and West show this pattern with notable exceptions.

In Punjab-Bihar belt the birth ratio itself is drastically skewed. Often at numbers as low as 850 girls born to 1000 boys born. At one point in early 2000 Haryana was down at 780 girls to 1000 Boys in the 0-6 age group. This means that girls were dying even after birth in disproportionate numbers. It does does take much to skew the infant death ratio. Even stopping breast feeding 2 weeks early for girls can skew the ratio significantly.

What the new statistics are telling us is that this is springing back nicely. Even in 2009 it was evident as Haryana's 0-6 sex ratio had sprung back to 890 or so. Now it appears 3 years later it is 960. In 10 years or so it will be at 1060 which is normal ratio.

We need to recognize societal change when it occurs. The benefits of this social change are all good and will result in dramatic improvements to quality of life in these areas. I also think that it helped that these states were named and shamed for what happened. It serves as a clear indication of social disapproval for the other states that are only now prospering to that level.
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WRT to Doppler scan centers, esp. in TN do not even mention sex of the baby to the doctors/nurses there. I was at one with one of my Cousins doctors and the fear on the doctors/nurses faces was real. TN cops are not to be trifled with. I have heard stories of people being marched out just for talking about the sex of the baby in the waiting room.
ldev
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by ldev »

Foreigners can now invest directly in the Indian Stock Market
The government on Sunday gave a New Year gift to the stock markets by allowing qualified foreign investors (QFIs), including overseas individuals, to invest directly in Indian stock markets. So far, QFIs were permitted to invest only in mutual fund schemes.

"As a next logical step, it has now been decided to allow QFIs to directly invest in the Indian equity market in order to widen the class of investors, attract more foreign funds and reduce market volatility and to deepen the Indian capital market," the finance ministry said in a statement. Detailed norms are expected to be issued by the Securities and Exchange Board of India (Sebi) over the next two weeks.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by gakakkad »

Singha wrote:I tried to read up on sub saharan africa in wiki today. it seems 'sub saharan' does not mean the belt of countries bordering the sahara...but just about every other country in entire africa!
must be another layer of cats paw gaming ongoing at some level as to why entire africa incl the lush areas of west africa are classified as sub-saharan
http://en.wikipedia.org/wiki/Sub-Saharan_Africa

Sir , the IMR of most of africa are 3 times worse than India . Now IMR is considered to the THE BEST SOCIAL indicator. It is directly proportional to the malnutrition rate. It is impossible that a country with IMR 30 (India) will have more malnutrition than an african country with IMR 100 .

Libya seems to be the only African country with decent (western level) stats. But it is oil rich and extremely wealthy .


W.R.T SEX DETERMINATION - I have seen the practice to be more common in the lower middle class these days. 2 decades ago it was the rich .In ahmedabad or baroda it is impossible to get it done. The main operators exist in rural region. They use "innovative" ways of conveying the sex to the evil parents . Like if the fetus is a male , then they ask them to come back on Monday . (m for male) . Or they ll use phrases like laxmi devi ki krupa , or mother marries blessings depending upon religion of patient to indicate a female patient . The practice should be punishable to life imprisonment or even death . IMHO it amounts to murder . It destroys our gene pool . And prevents the population from optimal achievement .
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by member_21708 »

ldev wrote:Foreigners can now invest directly in the Indian Stock Market
The government on Sunday gave a New Year gift to the stock markets by allowing qualified foreign investors (QFIs), including overseas individuals, to invest directly in Indian stock markets. So far, QFIs were permitted to invest only in mutual fund schemes.
sonia gandhi's new year gift to her friend quattrocchi, money looted during bofors scandal will be used to buy shares in indian companies and secretly take over their ownership, its such a shame media is silent when this open loot of india is going on.
ldev
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by ldev »

Quattrocchi could have always invested via the FII route up until now i.e. indirect route. Now it will be possible to invest directly in his own name. Looting or lack of it is not affected either way by this change!!.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Virupaksha »

We need to link that up with the demand that there should be another round of softening on foreign stashed tax evaders.

For these foreign individual accounts how will the taxation be? Would it similar to indian nationals, what would be the "know your customer" norms?

Without proper KYC norms for foreing individuals it is a frontdoor entry for roundtripping of black money.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by vic »

I think that Gender Selection techniques are legal in Thailand and Dubai
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Aditya_V »

vic wrote:I think that Gender Selection techniques are legal in Thailand and Dubai
So that Page 3, Delhi Cocktail club , Media and Political elite including the Sikular variety, and Business elite can continue their gender selection policies while preaching to the rest of India
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Singha »

http://articles.timesofindia.indiatimes ... girl-child

Remarks Dr Abha Majumdar, head, centre of IVF & human reproduction, Sir Ganga Ram Hospital, Delhi, "Since sex selection in any method is illegal in India, a PGD (Preimplantation Genetic Diagnosis) from Thailand or Jordan is turning out to be a perfect way around the law. It is shocking the number of queries we get from families for such treatments."
....
Parental pressure and the need for an heir, particularly in big businesses, could be the driving factors for selecting a Ychromosome! "When I was pregnant, my father- in - law used to call me daily and remind me that he was eagerly awaiting his grandson," says actress-turned-author Suchitra Krishnamoorthi, who was married to filmmaker Shekhar Kapur for eight years. But Suchitra always wanted a daughter, and is more than content to have one. Says she, "Unless women start valuing themselves, mindsets will not change."
Aditya_V
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Aditya_V »

Singha wrote:http://articles.timesofindia.indiatimes ... girl-child

Remarks Dr Abha Majumdar, head, centre of IVF & human reproduction, Sir Ganga Ram Hospital, Delhi, "Since sex selection in any method is illegal in India, a PGD (Preimplantation Genetic Diagnosis) from Thailand or Jordan is turning out to be a perfect way around the law. It is shocking the number of queries we get from families for such treatments."
....
Parental pressure and the need for an heir, particularly in big businesses, could be the driving factors for selecting a Ychromosome! "When I was pregnant, my father- in - law used to call me daily and remind me that he was eagerly awaiting his grandson," says actress-turned-author Suchitra Krishnamoorthi, who was married to filmmaker Shekhar Kapur for eight years. But Suchitra always wanted a daughter, and is more than content to have one. Says she, "Unless women start valuing themselves, mindsets will not change."
Says a lot doesn't it.
gakakkad
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by gakakkad »

>>Parental pressure and the need for an heir, particularly in big businesses, could be the driving factors for selecting a Ychromosome! "When I was pregnant, my father- in - law used to call me daily and remind me that he was eagerly awaiting his grandson," says actress-turned-author Suchitra Krishnamoorthi, who was married to filmmaker Shekhar Kapur for eight years. But Suchitra always wanted a daughter, and is more than content to have one. Says she, "Unless women start valuing themselves, mindsets will not change."

The reporter is writing this so casually. Why can't a female child head the business ? My gfs a better doc than most most males in my batch were .




sonia gandhi's new year gift to her friend quattrocchi, money looted during bofors scandal will be used to buy shares in indian companies and secretly take over their ownership, its such a shame media is silent when this open loot of india is going on.

Can we avoid the CTs .This is a good move as the INR is getting trashed left ,right and centre .Will help bring some dollars . There are far easier ways for the politicians to repatriate black money . Hawaala for instance. Routing it through mauritius etc. besides they always had FIIs. I doubt soniya massi would understand the complex macro-economics of international trade to come up with such a thing like QFI , given her low education level. I doubt she even knows the full form .
Virupaksha
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by Virupaksha »

gakakkad ji,

Hawaala just brings money to India. It doesnt convert black into white money. Trust me on this, there is a LOOOOT of money which is waiting to come if it can be made into white. There are already networks available to do that, but the problem is the sums are MUCH MUCH larger than those networks can safely handle.

This individual deposit money will be even more volatile than FIIs. More to the point, we should see what KYC norms and taxability norms are, these two will define what the aim of this front is.
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Re: Indian Economy: News and Discussion (Apr 1 2011)

Post by pankajs »

India PMI: good news, but not good enough
Manufacturing in India picked up in December on the back of a rise in new orders, a brighter note amongst other Asian economies’ data.
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