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 »

Russia's Sberbank given permission to open Nifty ETF for Russian investors.

MEANS- all Rupee trade surplus will be converted into Bharatiya equity & bonds - Part of the deal with Putin

Russia’s $60B+ annual trade surplus with Bharat is no longer “stuck rupees”.

Sberbank just launched a Nifty50 ETF for Russian retail investors — turning oil money into direct equity inflows. Smartest recycling of trade surplus ever.

Bharat gets long-term capital, Russia gets growth exposure.

Win-Win for Both.




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

Post by chetak »

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

Post by Supratik »

We should do the same thing with Brazil and other resource rich non-western countries particularly in Africa. All in rupees.
drnayar
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by drnayar »

chetak wrote: 06 Dec 2025 19:42 Russia's Sberbank given permission to open Nifty ETF for Russian investors.

MEANS- all Rupee trade surplus will be converted into Bharatiya equity & bonds - Part of the deal with Putin

Russia’s $60B+ annual trade surplus with Bharat is no longer “stuck rupees”.

Sberbank just launched a Nifty50 ETF for Russian retail investors — turning oil money into direct equity inflows. Smartest recycling of trade surplus ever.

Bharat gets long-term capital, Russia gets growth exposure.

Win-Win for Both.




[img]https://pbs.twimg.com/media/G7ZOZJmaoAE ... name=large[/img
Does this bypass western sanctions given the equities also have exposure to western companies?

Also would it help russian crude imports if they are used inside India and not exported as derivatives
Supratik
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Supratik »

Sanctions we have to see. I am not sure if they have blocked Russian investors from western financial markets. If not then they will not. For the near term Russia is blocked from western markets. So India will be a good option to reinvest oil profts and earn money. Once Ukraine is resolved we can further increase oil imports from Russia and minimize oil imports from Islamic countries dealing through OPEC barring friendly countries like UAE which trades with us in rupees. Diversifying capital inflows from non-western sources will also dampen volatility coming from western FPIs. Today a few billion dollars withdrawn and our sensex goes down and rupee depreciates. Ideally we could do the same with China but for obvious reasons we cannot do it.
Amber G.
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Amber G. »

Meanwhile ; IMF has recognized India’s UPI as the world’s LARGEST real-time payment system, noting that it accounts for nearly half of global instant payment transactions!
A_Gupta
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by A_Gupta »

This is a GoI press release:
NABARD Survey shows strong broad-based revival in rural demand, rising incomes and unprecedented optimism

80% of rural households consistently report a higher consumption over the last year
https://www.pib.gov.in/PressReleasePage ... g=3&lang=1
NABARD’s Rural Economic Conditions and Sentiments Survey is conducted every two months across India. It captures both quantitative indicators and household perceptions relating to income, consumption, inflation, credit, investment and expectations.
Key Findings: Rural Economy strengthens significantly (Sept 2024 – Nov 2025)
1. Consumption Boom driven by real Purchasing Power
...
2. Income Growth Highest since Survey inception
...
3. Rural Investment Activity Picks Up Sharply
...
4. Rural Credit access to Formal sources reaches Highest Mark
...
5. Government Transfers Continue to Support Demand Without Creating Dependency
...
6. Inflation Perceptions Drop to Their Lowest Level in One Year
...
7. Loan Repayment and Capital Investment Conditions Improve
...
8. Rural Infrastructure and Basic Services Receive Strong Endorsement
...
Details at the link above.
Hriday
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by Hriday »

A_Gupta wrote: 11 Dec 2025 10:28 This is a GoI press release:
NABARD Survey shows strong broad-based revival in rural demand, rising incomes and unprecedented optimism

80% of rural households consistently report a higher consumption over the last year
https://www.pib.gov.in/PressReleasePage ... g=3&lang=1

NABARD’s Rural Economic Conditions and Sentiments Survey is conducted every two months across India. It captures both quantitative indicators and household perceptions relating to income, consumption, inflation, credit, investment and expectations.
IIRC, Few months ago I posted Shamika Ravi's (member of the Economic Advisory Council to the Prime Minister and as a Secretary to the Government of India.) X post here which states a 60% increase in the two wheeler possession in rural areas. Then why there is an extraordinary low level of inflation ?

It is said that RBI's target is 3-4 percent inflation.
vijayk
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

^^ Great news

We need huge urban and rural governance standards (clean and safe public infra and transport)
vijayk
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by vijayk »

Hriday wrote: 11 Dec 2025 18:55
A_Gupta wrote: 11 Dec 2025 10:28 This is a GoI press release:
NABARD Survey shows strong broad-based revival in rural demand, rising incomes and unprecedented optimism

80% of rural households consistently report a higher consumption over the last year
https://www.pib.gov.in/PressReleasePage ... g=3&lang=1

NABARD’s Rural Economic Conditions and Sentiments Survey is conducted every two months across India. It captures both quantitative indicators and household perceptions relating to income, consumption, inflation, credit, investment and expectations.
IIRC, Few months ago I posted Shamika Ravi's (member of the Economic Advisory Council to the Prime Minister and as a Secretary to the Government of India.) X post here which states a 60% increase in the two wheeler possession in rural areas. Then why there is an extraordinary low level of inflation ?

It is said that RBI's target is 3-4 percent inflation.
Our RBI is too hawkish. Even with inflation at 0.25%, GST rates reduced, they brought down interest rates only by 0.25%

I heard people complaining that they needed to bring it down by 1.5% over a year ago
SRajesh
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by SRajesh »

https://youtu.be/iI8KmWVGOYw
Posting here Dalrymple's talk.
Our economy of the past based of exports to then West and later events of switching to the east.
Though a historian gives a glimpse of our economy during ancient times and also lays bare of the fabled silk route nonsense.
All I wanted to say was that there are/were innumerable shackles placed on the nations economy.
Tariffs are becoming irrelevant and given all sorts of noises being made about the trade pact i think pragmatism (more so on our part) is paving the way for resolution.
With another or two terms of NDA/BJP might change the picture completely, hence all the noises being made to stop the runaway elephant.
bala
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by bala »

Looks like TN is growing at faster rate than the others - Maha, UP, knataka, guj

https://x.com/prasannavishy/status/1999132077623857480
uddu
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Re: Indian Economy News & Discussion - Nov 27 2017

Post by uddu »

bala wrote: 11 Dec 2025 23:59 Looks like TN is growing at faster rate than the others - Maha, UP, knataka, guj

https://x.com/prasannavishy/status/1999132077623857480
Single or few years. Consistent is states like Mizoram from 2012 to 2024 with very good average.
https://statisticstimes.com/economy/ind ... growth.php
Indian states by GDP Growth
Source Ministry of Statistics and Programme Implementation (17)
Date 08 Sep 2025
Top Statistics
IPL 2025
List of continents by gdp per capita
Top 10 largest economies by GDP
See Also:
» GDP of Indian states
» GDP per capita growth of Indian states
» Comparing Indian states and Countries by GDP
» GDP-Population-Area relationship of Indian states
View More Economy Statistics
At constant 2011-12 prices, Tamil Nadu has attained the highest GSDP growth rate of 11.19%, followed by Arunachal Pradesh (9.66%), among 25 Indian states and union territories with data available for 2024-25. Eight states have a GDP growth rate above 8%, and 17 have a growth rate above 7%.

In the year 2023-24, Assam (12.00%) has the highest GSDP growth rate, followed by Bihar, Meghalaya, Nagaland, and Mizoram. The bottom five states, in reverse order, are Andaman & Nicobar Islands, Arunachal Pradesh, Karnataka, West Bengal, and Andhra Pradesh.

During the period 2012-24, Mizoram has the highest average growth rate of 9.78%, followed by Gujarat (8.32%). Only these two states have a GDP growth rate above 8%. Five states/UTs grew by an average of over 7 percent per year between fiscal years 2013 and 2024. The five slowest-growing states are Meghalaya (3.64%), Goa (4.12%), Puducherry (4.29%), Nagaland (4.55%), and West Bengal (4.59%).

At current prices, the top five states during 2012-24 are Mizoram, Sikkim, Madhya Pradesh, Karnataka, and Tripura. The bottom five states are Goa, Meghalaya, Puducherry, Punjab, and Uttarakhand.

https://rbi.org.in/Scripts/Publications ... ion=Annual
https://rbi.org.in/Scripts/AnnualPublic ... %20Economy
https://rbi.org.in/Scripts/AnnualPublic ... n%20States
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