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.