Indian Economy News & Discussion - Nov 27 2017

[A_Gupta]

Self-reliance is a good idea; but not with huge protections - India needs to be competitive in the world market as much as possible.

[rahulm]

Its more than unfortunate that 11+ years and counting have seen no judicial (and police) reforms - important for several reasons incuding timely, swift and fair contracts enforcement and resolution. Everything gets gummed and jammed in the existing system.

GIFT city appears to feature an International Arbitration Centre for fast-track resolution but once again this is exceptionalism and not solving the issue at its core.

The civic services in our cities are pretty much non existent in reality. Rubbish, footpaths, green spaces etc - improve the quality of life and making living pleasant.

Sanyal speaks about this and a lot more (but he has no executive authority) so the gobarmint knows the agenda to be prosecuted but there either is a lack of will, or unwillingness to expend political capital or is seen as not significant for votes or some combination of all of this.

Another is property title clean up. This is for the most part a complete mess.

Judicial reforms are desparately needed - disputes take multiple generations to be arbitrated by the courts, the "process is itself the punishment" for both parties and then, enforcing the judgement via the police is another nightmare. No wonder the mafia rules.

I dont see any "mission mode" action on any of the above with the mandate the NDA has had for the last 11 years.

[rahulm]

Sanjeev Sanyal: Judiciary now India’s Biggest Roadblock to Viksit Bharat

SS is a member of the PM's EAC not some random person with a YT channel for view monetisation. His words carry weight. His frustration is evident in his language and tone.

Personally, I have little hope the judicairy will pull up its socks - too much power to lose. It will need major encouragement and persuasion from M. Whats Shri Arjun Ram Meghwal doing?

[Supratik]

Rupee under severe pressure against dollar but RBI is not intervening. I am surprised.

[A_Gupta]

Code: Select all

Tuesday September 23 2025	Actual	Previous	Consensus	Forecast		

HSBC Composite PMI Flash SEP	61.9	63.2		62.9	

HSBC Manufacturing PMI Flash SEP	58.5	59.3		59.5	

HSBC Services PMI Flash SEP	61.6	62.9		62.5

https://tradingeconomics.com/india/calendar

Sorry doesn’t display well. Point is that PMI remains healthy.

[uddu]

India's Counter Move to H1B, GCC Build up in India, Trump vs Modi,Tariff Trade Deal I Aadi Pathikrit

[A_Gupta]

Last of GST 1.0 August 2025

Key figures for August 2025
Gross collection: ₹1.86 lakh crore
Year-on-year growth: This marks a 6.5% increase compared to the ₹1.75 lakh crore collected in August 2024.
Domestic revenue growth: The revenue from domestic transactions grew by 9.6% year-on-year, reaching ₹1.37 lakh crore.
Import revenue: Revenue from the import of goods saw a slight dip of 1.2% in August 2025.
Net revenue: After accounting for refunds, the net GST revenue stood at ₹1.67 lakh crore, showing a 10.7% year-on-year growth.

[chetak]

This should shut a few people up............

[Vayutuvan]

Import revenue: Revenue from the import of goods saw a slight dip of 1.2% in August 2025.

Imports are expenses not revenue, right? The dip is in the GST collected on imports?

[VKumar]

Customs duty on imports is an income to the government

[KL Dubey]

Customs duty on imports is an income to the government

Probably related to reduction of tariffs for many goods in the last few months.

[KL Dubey]

India Records Decade-High Navratri Sales As GST Cuts Fuel Consumer Boom
Brands and retailers across sectors reported significant sales growth, generally ranging from 25 per cent to 100 per cent.
https://www.ndtv.com/india-news/india-r ... om-9389213

Diwali Demand Meets GST 2.0: Tracking India’s Next Consumption Curve
https://inc42.com/resources/diwali-dema ... ion-curve/

Diwali 2024 saw online sales rise by nearly 49% year-on-year, and 2025 is shaping up to be even larger. Market trackers forecast that India’s ecommerce GMV during this festive period will cross INR 1.15 Lakh Cr, the strongest season in five years.

For investors, the festive season is not just a sales spike — it is a stress test for India’s consumption engine. The festive quarter compresses a year’s worth of consumer intent into a few short weeks, offering a rare X-ray of demand at scale.

Modi hai to mumkin hai!

[A_Gupta]

India's goods exports to the US are less than 2% of GDP, while internal consumption is 60% of GDP. In principle, 3.3% increase in internal consumption takes care of a total loss of the US market. (Of course, what the US buys and what will increase in internal consumption are in different sectors, etc., etc., yes, it is complicated.)

[uddu]

https://x.com/Jhunjhunuwala_/status/1974746649240207553
@Jhunjhunuwala_
Thank you @indian_matrix for this wonderful Graph.


https://x.com/INCIndia/status/1974704854749593980
@INCIndia
Bhaiyon Aur Beheno

[JE Menon]

India Records Decade-High Navratri Sales As GST Cuts Fuel Consumer Boom
Brands and retailers across sectors reported significant sales growth, generally ranging from 25 per cent to 100 per cent.

Jesus!!!

[uddu]

RBI Makes Rupee International: South Asia Now Trades And Borrows In Indian Currency
In a bold financial move, the Reserve Bank of India has taken a decisive step toward making the Indian Rupee a global player.
At its October 1 Monetary Policy Committee meeting, the RBI announced that authorised banks can now lend in rupees to non-residents in Nepal, Bhutan, and Sri Lanka — allowing these countries to trade and borrow directly in INR instead of relying on the U.S. dollar. The reforms also expand Special Rupee Vostro Accounts (SRVAs) and introduce transparent reference rates for foreign currencies, making cross-border transactions smoother and more predictable. Experts say this could reshape South Asia’s financial landscape, reduce dollar dependency, and strengthen India’s economic influence in the region.

[A_Gupta]

The PMI numbers remain above 60, though down by a point or two. So these leading indicators of corporate activity remain healthy so far.

[uddu]

https://x.com/WeekendInvestng/status/19 ... 8420849915
@WeekendInvestng
Demand outstripping supply

[uddu]

https://x.com/rajuv/status/1975416513067696554
@rajuv
We’re excited to announce the launch of our physical Point of Sale (POS) system - a natural extension of Zoho Payments, and a key part of our growing finance platform. This allows our customers to accept in-person card payments along with UPI payments.

We’re starting in India, with plans to expand to several countries. Our finance suite is gaining breadth and depth.

[uddu]

India, Qatar To Boost Trade Partnership | Qatar Offers Financing Guarantees For Indian Firms: Goyal
Union Minister Piyush Goyal has said that Qatar is showing immense enthusiasm in strengthening partnerships with Indian businesses — not just for investments in India and Qatar, but also in third-country projects. Speaking during his visit, Goyal revealed that the Qatar Development Bank is ready to offer financing guarantees to support collaborations between Qatari and Indian companies in foreign markets. The move, he said, opens new doors for Indian entrepreneurs seeking secured global expansion and positions India as a vital trade ally in Qatar’s growing international ambitions. This comes as India continues to deepen its strategic and economic ties with Gulf nations.

[uddu]

Nirmala Sitharaman Launches Foreign Currency Settlement System At GIFT City
Finance Minister Nirmala Sitharaman has launched the Foreign Currency Settlement System (FCSS) at GIFT City, a landmark move set to transform foreign currency transactions within India’s International Financial Services Centre (IFSC). The FCSS will enable real-time or near real-time settlement of foreign currency trades, replacing the previous system that involved a 36 to 48-hour lag through multiple banking intermediaries. With this development, GIFT-IFSC joins leading global financial hubs such as Hong Kong, Tokyo and Manila. The initiative enhances liquidity management, operational efficiency and regulatory oversight, reaffirming India’s ambition to emerge as a global fintech leader.


Nirmala Sitharaman Unveils India’s $1.3B AI Mission And Fintech Vision At GIFT City
Finance Minister Nirmala Sitharaman outlined India’s $1.3 billion AI Mission and the growing fintech potential at GIFT City. The mission includes commissioning 34,000 GPUs, creating an AI datasets platform and developing four foundational language models. She also highlighted how initiatives like UPI, Aadhaar and DigiLocker have transformed financial inclusion. Emphasising GIFT City’s fintech innovation hub, Sitharaman urged startups to leverage its funding, mentorship and global opportunities to drive India’s fintech leadership.