India Economy Thread

[jr_pdf]

Overall GDP growth rate of 7.8% is not bad either. If we didn't have Trump and Iran war the growth would've been higher.

bro, Q1 growth at 7.8%, totaling 81.36 trillion rupees, which equals 855 billion US dollars. Use your smart brain — Q1 is 855 billion. 2026GDP ~ 3.42 trillion US dollars!??? why??

 

[indo17787]

India's gross GST revenue up 14.8% on year to nearly Rs 2 lakh crore in August

https://www.moneycontrol.com/news/business/economy/gst-collections-rise-15-yoy-to-nearly-rs-2-lakh-crore-in-august-14019761.html

 

[Thinking]

India's gross GST revenue up 14.8% on year to nearly Rs 2 lakh crore in August

https://www.moneycontrol.com/news/business/economy/gst-collections-rise-15-yoy-to-nearly-rs-2-lakh-crore-in-august-14019761.html

We are consistently hitting 2 lakh crore figure. Soon festivals are coming. Last year's tax cuts were a boon. Unfortunately, incomes need to grow if we are to maintain GST collection.

 

[jr_pdf]

We are consistently hitting 2 lakh crore figure. Soon festivals are coming. Last year's tax cuts were a boon. Unfortunately, incomes need to grow if we are to maintain GST collection.

It's not that simple. If I'm not mistaken, the tax burden on every Indian citizen should be increasing, not decreasing. Modi's government is full of math whizzes who find it easy to manipulate numbers day in and day out to fool the faithful. Add GST on top of currency overissuance, and under this double exploitation, prices are soaring. Coupled with this year's international situation, the result is that almost all commodity prices in India are now generally higher than in China—rice is even more expensive than in China right now. The purchasing power of most Indians is plummeting; the only thing left is that self-deceiving PPP-adjusted GDP figure that ranks third in the world.

India is a deficit country and has to import too many essential goods—coal, oil, natural gas, gold—which are the bedrock of prices.

 

[jr_pdf]

Forgive my bluntness. Ordinary Indians, I fear, are about to usher in a period of difficult times. As an individual, I suggest that the best path is to go abroad—even if it is to Africa, it would still be better than India.

 

[c14-Isotope]

Venezuela becomes third largest oil supplier

https://www.moneycontrol.com/news/business/economy/india-s-venezuelan-oil-imports-in-august-hit-a-six-year-high-caracas-overtakes-saudi-arabia-as-third-largest-supplier-14019867.html

 

[mithun29]

Venezuela becomes third largest oil supplier

https://www.moneycontrol.com/news/business/economy/india-s-venezuelan-oil-imports-in-august-hit-a-six-year-high-caracas-overtakes-saudi-arabia-as-third-largest-supplier-14019867.html

Seems like we are going to fill strategic reserve of usa