Bharat Rakshak

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.

We should do the same thing with Brazil and other resource rich non-western countries particularly in Africa. All in rupees.

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

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 Today a few billion dollars withdrawn and our sensex goes down and rupee depreciates.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.

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!

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.

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.

^^ Great news

We need huge urban and rural governance standards (clean and safe public infra and transport)

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

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.

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

https://x.com/prasannavishy/status/1999132077623857480

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

Why Mexico’s MASSIVE Tariffs Threaten India’s Car Exports | Automakers Brace for Major Hit
Mexico’s steep new tariff hike on imported cars has put nearly $1 billion of India’s auto exports at risk, dealing a major blow to Indian automakers that rely heavily on the Mexican market. With duties set to jump from 20% to as high as 50% by 2026, companies like Skoda-VW, Hyundai, Nissan and Maruti Suzuki may face sharp cost spikes and reduced competitiveness. As Mexico defends the move as protection for local industry, India now faces growing pressure to rethink its export strategy amid rising global trade tensions and protectionism.

uddu wrote: ↑12 Dec 2025 18:58 Why Mexico’s MASSIVE Tariffs Threaten India’s Car Exports | Automakers Brace for Major Hit
Mexico’s steep new tariff hike on imported cars has put nearly $1 billion of India’s auto exports at risk, dealing a major blow to Indian automakers that rely heavily on the Mexican market. With duties set to jump from 20% to as high as 50% by 2026, companies like Skoda-VW, Hyundai, Nissan and Maruti Suzuki may face sharp cost spikes and reduced competitiveness. As Mexico defends the move as protection for local industry, India now faces growing pressure to rethink its export strategy amid rising global trade tensions and protectionism.

An FTA with mexico is in order !.. but i am not sure the economies are complementary and can take relative advantages compared to a developed country ?

Mexico is under threat of invasion by Trump. If U.S is able to arm twist a country to attack countries like India and China, this is a new trend.

drnayar wrote: ↑12 Dec 2025 19:28 An FTA with mexico is in order !.. but i am not sure the economies are complementary and can take relative advantages compared to a developed country ?

https://x.com/KanwalSibal/status/1999456869551620201
@KanwalSibal
Mexico’s decision to impose 50% tariffs on India is unconscionable.

Mexico is implicitly endorsing the 25% penalty tariffs imposed by Trump because of India purchasing Russian oil.

India, exports to Mexico were only $5.3 billion in the last fiscal year. This is a small figure.

Of this, cars made up close to $1 billion, with majority 1 litre engines designed for the Mexican market and not for export to the US.

Indian car exports had only a 6.7% share of Mexico’s car market.

Mexico seems to have succumbed to US pressure.

Our imports from Mexico were worth US$4.07 Billion during 2024.

We should consider applying reciprocal tariffs as a matter of principle.

uddu wrote: ↑12 Dec 2025 20:03 Mexico is under threat of invasion by Trump. If U.S is able to arm twist a country to attack countries like India and China, this is a new trend.

drnayar wrote: ↑12 Dec 2025 19:28 An FTA with mexico is in order !.. but i am not sure the economies are complementary and can take relative advantages compared to a developed country ?

https://x.com/KanwalSibal/status/1999456869551620201
@KanwalSibal
Mexico’s decision to impose 50% tariffs on India is unconscionable.

Mexico is implicitly endorsing the 25% penalty tariffs imposed by Trump because of India purchasing Russian oil.

India, exports to Mexico were only $5.3 billion in the last fiscal year. This is a small figure.

Of this, cars made up close to $1 billion, with majority 1 litre engines designed for the Mexican market and not for export to the US.

Indian car exports had only a 6.7% share of Mexico’s car market.

Mexico seems to have succumbed to US pressure.

Our imports from Mexico were worth US$4.07 Billion during 2024.

We should consider applying reciprocal tariffs as a matter of principle.

new US trade deals with some countries do have a clause stipulating they align their trade policies to that of the US.. not sure if Mexico is one

xPost
100% fdi in insurance

The Union Cabinet, led by Prime Minister Narendra Modi, on Friday approved a landmark bill proposing to raise the foreign direct investment (FDI) limit in insurance companies to 100%

https://economictimes.indiatimes.com/ne ... 930749.cms

Also see this on Nuclear participation by private sector SHANTI Bill (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India)

uddu wrote: ↑12 Dec 2025 20:03 Mexico is under threat of invasion by Trump. If U.S is able to arm twist a country to attack countries like India and China, this is a new trend.

....
https://x.com/KanwalSibal/status/1999456869551620201

We should consider applying reciprocal tariffs as a matter of principle.

They have done the same with China, Korea, and other countries - not just India.

The USMCA agreement is coming up for review in 2026. So they are sacrificing relatively small trade volumes with other countries to lower the risk of losing USMCA.

Unlike Karni in Kanadda, Sheinbaum in Mexico has more constraints/asymmetry with the US.

I agree we should simply put on reciprocal tariffs and forget about it.

Rubber exported to Russia via Latvia, says LTV : Last year, almost 2,000 tonnes of natural rubber were exported from European Union (EU) member states to Russia, reports Latvian Television's De Facto investigative show.

https://eng.lsm.lv/article/economy/econ ... v.a626382/

There seems to be opportunities for Indian natural rubber in Russia!

The INR is devaluating, but forex reserves are holding at $687B. RBI isn’t stepping in & letting the INR devalue. FM & RBI need to push more economic reforms. Less taxation & arbitrary rule changes. Followed by RBI lowering interest rates. Power & fuel prices must also be reduced.

Seems the Higher Tariff on all countries is coming as a blessing to India.
India's exports defy tariffs, strengthen hand in US trade talks
https://www.reuters.com/world/china/ind ... 025-12-16/
India exports robust despite steep U.S. tariffs
Diversification, services soften tariff shock
Stronger data eases urgency for U.S. trade deal
Export resilience offers fresh leverage to New Delhi

NEW DELHI, Dec 16 (Reuters) - India's exports leapt in November in defiance of U.S. President Donald Trump's steep tariffs, providing fresh leverage in ongoing trade talks with Washington and easing pressure on New Delhi to strike a quick deal.
Shipments to the United States rose more than 22% in November from a year earlier, outpacing India's overall export growth of more than 19%, which lifted total goods exports to $38.13 billion, government trade data released on Monday showed.

I would bet increased exports are due aviation fuel exports to the US west coast after a major refinery fire in California in October 2025.

India has the world’s largest petroleum refineries.

Mort Walker wrote: ↑16 Dec 2025 19:27 I would bet increased exports are due aviation fuel exports to the US west coast after a major refinery fire in California in October 2025.

India has the world’s largest petroleum refineries.

If indeed its petroleum, its not limited to Aviation fuel. There is a severe oil crisis in California.
Governor Of California PANICS After Hundreds Of Gas Stations Are Shutting Down?!

California faces an unprecedented fuel infrastructure challenge as 473 independent gas stations prepare to close on January 1st, 2026.

In this video, we break down what's actually driving this crisis. A 2014 state law requires all underground storage tanks to be upgraded from single-walled to double-walled systems by the end of 2025. The upgrades cost approximately $2 million per station — a financial barrier many independent operators cannot overcome.

We'll dive into the RUST loan program that was designed to help small stations cover upgrade costs, the multi-year application delays that left owners unable to complete work before the deadline, and the $5,000 per day penalties that force immediate closure for non-compliant stations.

Finally, we look at the human and economic impact — rural communities losing their only fuel source, the gap between electric vehicle adoption rates and gasoline infrastructure decline, and what happens to fuel prices when competition disappears from local markets.

All that the Governor of California has to do is to extend the deadline.

----
But what I'm here for:

Release of Discussion Paper on “Methodological Improvements in Compilation of National Accounts Aggregates Using Expenditure Approach”

New series of National Accounts Statistics with FY 2022-23 as base year is scheduled to be released on 27th February, 2026

MoSPI invites comments/ feedback from experts and users of national accounts data on the discussion paper
https://www.pib.gov.in/PressReleasePage ... g=3&lang=1

X posted from the India US thread


VI@WA

AI companies coming to India have been told to keep their capex in the US: meaning data centres, chips, energy infrastructure, and other high-value assets including jobs to remain in America.

They are going to use AI as a carrot with India to get market access, user data, and only offer few lower-paying jobs in return.

This warning was given by United States Trade Representative (USTR) delegation which was officially in India to resolve differences in the long-pending India–US Bilateral Trade Agreement (BTA).

The officials reportedly urged companies to focus AI infrastructure investment back home, reinforcing the idea that India’s value lies more in consumption and data than in ownership or control of any technology including data centres.

This it’s not surprising this delegation raised concerns about India’s regulatory framework, flagging the Digital Personal Data Protection Act, 2023, and the Information Technology Rules, 2021, as potentially discriminatory towards US companies.

Previously data localisation requirements under the DPDP Act have drawn particular opposition from American firms, while the IT Rules mandating India-based compliance officers and prescribing legal liability, including possible jail terms have been characterised as excessive.

Delegation also said that: “US remains to be the dominant consumption economy, and governments around the world should understand that they should, therefore, protect the interests of American companies, because doing business with the US was inevitable.”

Sector Exposure of LIC Tells the Real Story

#LIC’s sector exposure (₹2.27 lakh crore) spans:

Cement.
FMCG.
Ports & Logistics.
Banking.
Manufacturing.
Media.

India’s growth sectors — not limited to “one group, one bet”.

Long-term capital backs infrastructure and consumption cycles.
That’s called institutional investing, not favouritism.

#Congress as always confused its warped, moth-balled ideology with understanding of financial statements and balance sheets.

'Last Deal Was With US...': Piyush Goyal Hails Upcoming India-Oman Trade Deal, Modi's Muscat Visit
Union Minister of Commerce and Industry Piyush Goyal said the India-Oman Free Trade Agreement will create significant opportunities across sectors such as textiles, food processing, automobiles, gems and jewellery, agrochemicals, renewable energy, and auto components. Speaking at the India-Oman Business Forum in Muscat, he highlighted Oman's strategic location as a gateway to the GCC, Eastern Europe, Central Asia, and Africa, offering enhanced market access for Indian businesses. Oman’s Minister of Commerce, Industry and Investment Promotion, Qais Al Yousef, noted that India is Oman’s third-largest trading partner, with Indian investments in Oman tripling since 2020 to USD 5 billion across green steel, green ammonia, aluminium, and logistics. Minister Goyal emphasized that the FTA would be Oman’s first in nearly two decades, marking a defining milestone in bilateral relations. The agreement coincides with PM Narendra Modi’s visit and 70 years of India-Oman diplomatic ties, underscoring historical and enduring trade links.

MODI’S $100B CHECKMATE.. BHARAT Destroys Europe's MONOPOLY | CWSJ-2812 | Sumeet Jain
The recent India-Russia Summit wasn't just about defense or oil; buried in the Joint Statement lies a game-changing strategy regarding diamonds that most of the world missed. For decades, Antwerp (Belgium) has controlled the global diamond trade as the "middleman," reaping billions while India processed 90% of the world's stones but held zero pricing power. Now, PM Modi and President Putin are dismantling this century-old Western monopoly.
This video exposes the hidden economic war triggered by G7 sanctions and the new "traceability mechanisms" designed to block Russian diamonds. Instead of bowing to Western pressure, India is launching a "Mine-to-Market" direct corridor. We decode how India is bypassing European hubs by establishing direct trade deals with Russian miner ALROSA and African nations like Botswana and Zimbabwe, effectively cutting out the "middleman tax".
We also dive deep into the rise of GIFT City and the Surat Diamond Bourse. With proposals for a new exchange in Gandhinagar, India is positioning itself to become a "price setter" rather than a "price taker," trading in national currencies to de-dollarize the supply chain. Furthermore, we analyze how India is countering China's extractive "Anjin" model in Africa by offering value-addition partnerships.
From the mines of Siberia to the vaults of Gujarat, a new global empire is being built. Watch this video to understand why diamonds are the new front line in the battle for a multipolar world order.

A hit job on India:
https://asiatimes.com/2025/12/rupees-fr ... s-outlook/

Any response needed?

A_Gupta wrote: ↑18 Dec 2025 23:26 A hit job on India:
https://asiatimes.com/2025/12/rupees-fr ... s-outlook/

Any response needed?

Something I do, I search for the authors name and the word Modi. The answers that show up normally provide a reflection of the bias of the said presstitute, eg,

https://iamc.com/india-has-worst-econom ... iam-pesek/

See....

https://www.opindia.com/2025/08/success ... and-women/
Poverty reduction success story: How household economy in new India shows improved allocation of funds for children and women, driven by women-centric schemes of Modi govt
The research estimates that between 2011-12 and 2023-24, 27.58 crore people were lifted out of poverty in Indian households with unequal resource allocation, compared to 30.24 crore assuming equal sharing. Researchers point out that this upliftment is driven by 15.61 crore children and 12.32 crore adult females.




Intra-Household Allocation of Resources and Changes in Poverty Rates of Female, Male and Children in India from 2011-12 to 2023-24

FULL REPORT https://papers.ssrn.com/sol3/papers.cfm ... id=5677085

Folks! go thru the whole report.

Don't know how effective this proposal will become, but is a start..PGurus explains.

The Might US Dollar has a challenger - A Gold-backed UNIT by BRICS. What does this mean?

The US Dollar has dominated global trade for decades—but that dominance is now facing a structured challenge. BRICS nations are proposing a new gold-backed settlement unit called the UNIT, designed to bypass the dollar, SWIFT, and US sanctions.

In this episode, we break down:
• What the BRICS UNIT really is
• How a 40% gold-backed system works
• Why de-dollarization is accelerating
• How the US is likely to respond
• What this means for India and the global economy

Is this the beginning of the end of dollar hegemony — or just a pressure valve?

https://www.youtube.com/watch?v=hlB3eqWJ9x8

Seems the only way out for USD to manage 54trillion deficit and 1 trillion interest every year is it to be replaced, so sensible to hae the gold backed option. Can India leverage the largest hold of gold sitting with it's households ??

Gurus while alternative payment systems are great , how are we going to manage terror financing via crypto and these alternatives? Because through FTFA we get access to some channels and proofs from the West like from SWIFT ?

S_Madhukar wrote: ↑22 Dec 2025 13:36 Gurus while alternative payment systems are great , how are we going to manage terror financing via crypto and these alternatives? Because through FTFA we get access to some channels and proofs from the West like from SWIFT ?

Isnt crypto transactions public? The recent shutdowns of crypto operations by US Leo-s show that it’s not anonymous as people think.

Mandatory xkcd: https://imgs.xkcd.com/comics/security.png

S_Madhukar wrote: ↑22 Dec 2025 13:36 Gurus while alternative payment systems are great , how are we going to manage terror financing via crypto and these alternatives? Because through FTFA we get access to some channels and proofs from the West like from SWIFT ?

The SWIFT is just a big con game of western countries and companies especially to maintain the global currency status of the USD

It is the British "Indian railways" of the currency world designed to transfer wealth to the US

While "The combined Index of Eight Core Industries (ICI) increased by 1.8 per cent (provisional) in November, 2025 as compared to the Index in November, 2024", "Electricity generation (weight: 19.85 per cent) declined by 2.2 per cent in November, 2025 over November, 2024. Its cumulative index declined by 0.3 per cent during April to November, 2025-26 over corresponding period of the previous year."

(GoI press release: https://www.pib.gov.in/PressReleasePage ... g=3&lang=1 )

Meanwhile, corporate growth remains in positive territory (PMI > 50 means expansion).

HSBC Composite PMI Flash DEC 58.90
HSBC Manufacturing PMI Flash DEC 55.7
HSBC Services PMI Flash DEC 59.1

(source: https://tradingeconomics.com/india/calendar )

With the reduced GST rates, India's November GST collection increased by 0.7% from a year ago.

drnayar wrote: ↑22 Dec 2025 14:23 The SWIFT is just a big con game of western countries and companies especially to maintain the global currency status of the USD

It is the British "Indian railways" of the currency world designed to transfer wealth to the US

@drnayar ji,

It didn't start that way. It is being misused by the US now. And EU. They have two development centers. The main one is in Culpeper, VA, US, and the other is in La Hulpe, Belgium. Software/Hardware architecture of the entire SWIFT network is excellent, and their data retention locations are very well chosen. Even in the case of world wars and nuclear exchanges, they will survive unless the top executives of the US are taken out. That is why Culpeper had been chosen. I don't know much about La Hulpe, but I presume that the reasons were the same.

The project started back in 1985 or a little earlier. By 1987, country servers were up in most of the Western world. India had a server in Mumbai integrated into the network in the 1989-90 timeframe.

It worked well all these years without using it as a tool of coercion. 9/11 changed everything. The geopolitics is different now.

MoSPI is set to convene a Pre-release Consultative Workshop on the Base Revision of GDP, CPI and IIP on 23rd December 2025 at Bharat Mandapam, New Delhi

New series of CPI with Base Year (2024=100) is scheduled to be released 12th February, 2026

New series of National Accounts with FY 2022-23 as Base Year is scheduled to be released on 27th February, 2026

New series of IIP with Base Year 2022-23 is scheduled to be released on 28th May, 2026

https://www.pib.gov.in/PressReleasePage ... g=3&lang=1