India Economy Thread

[Circadian Rhythm]

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[CallSignMaverick]

India To Have Over 50 World Trade Centres In Next 5-7 Years | WTCA On The India Opportunity​

https://www.livemint.com/videos/india-to-have-over-50-world-trade-centres-in-next-5-7-years-wtca-on-the-india-opportunity-11720422194655.html

 

[pikku]

Apple's plan is to diversify manufacturing supply chain. As per Apple's plan 25% of iPhone manufacturing goes to India.

Apple employs 1 million workers in China to make their products for both China and rest of the world, If the plan to make 25% of iPhones in India goes there will be loss of jobs in China

Not only 25%. This 25% Target is only till 2025. By 2030, Apple wants to manufacture 50% in India and 50% in China.

 

[Kaleem.61]

I have said many times Chibese are getting poor and more and more are not able to afford iPhone. It is becoming luxury items. Different between rich and poor is growing in China.

I believe the iPhone is easier to buy compared to other smartphones. For example, you can purchase a $1,000 iPhone with 24 equal installments of about $40 per month. While Apple is considered a luxury brand, this financing option makes it more affordable for many people.

On the other hand, the PURA 70 costs around $1,400, which shows that Android users can also opt for premium, high-end devices. It's inaccurate to label Android users as 'non-luxurious,' as many Android models are just as expensive and feature-rich as the iPhone

 

[nahtanbob]

I believe the iPhone is easier to buy compared to other smartphones. For example, you can purchase a $1,000 iPhone with 24 equal installments of about $40 per month. While Apple is considered a luxury brand, this financing option makes it more affordable for many people.

On the other hand, the PURA 70 costs around $1,400, which shows that Android users can also opt for premium, high-end devices. It's inaccurate to label Android users as 'non-luxurious,' as many Android models are just as expensive and feature-rich as the iPhone

Why would I spend $1400 on Android phone ?

 

[nahtanbob]

Very interesting, but I don't know which one is right between you and nahtanbob. On one hand, nahtanbob claim that BOE accounts for 20% of production, while on the other hand,you claim that it didn't happen.

I would not know either. I am just posting articles from various websites

 

[Circadian Rhythm]

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[DDG-80]

India's forex reserves touch an all-time high of $689.24 bn as of Sept 6

India's forex reserves reached a new all-time high of $689.24 billion for the week ending August 30, as reported by the Reserve Bank of India. Foreign currency assets increased by $5.10 billion to $604.1 billion, while gold reserves rose by $129 million to $61.98 billion. The RBI intervenes in...

economictimes.indiatimes.com

 

[Circadian Rhythm]

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[agidest]

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This is good to hear. India is severely lacking in mega ports. Glad to see Indian private companies making a difference.

 

[DDG-80]

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[Circadian Rhythm]

@DDG-80

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[Circadian Rhythm]

Astra MK 2

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[Circadian Rhythm]

Artemon Aerospace’s ALE: A Revolutionary Loitering Munition – Indian Defence Research Wing

idrw.org

 

[MirageBlue]

India carries out test of updated VL-SRSAM surface to air missiles

India's latest test of the vertical launch short-range surface-to-air missile (VL-SRSAM) was conducted on 12 September 2024. The missile fired in this test features an updated seeker and proximity fuze. (PIB)

India's Defence Research and Development Organisation (DRDO) and the Indian Navy have carried out another test of the country's vertical launch short-range surface-to-air missile (VL-SRSAM), which has since been updated with new systems.

The test was conducted on 12 September from the Integrated Test Range located in Chandipur, off the coast of Odisha, India's Ministry of Defence (MoD) disclosed in a statement on the same day.

The flight test was carried out from a land-based vertical launcher and intercepted a high-speed aerial target flying at a low altitude, the statement said. An image accompanying the statement indicates that this was similar to the eight-cell launcher seen in previous tests of the weapon system.

The missile system successfully tracked and engaged the target, the statement added.

n a further explanation of what the test entailed, the MoD noted that it was carried out to validate several updated elements of the weapon system.

These include the missile's proximity fuze and seeker. The performance of these new components was tracked with various instruments including telemetry systems and radar and electro-optic trackers, the MoD added.

The VL-SRSAM is estimated to have a length of about 3.8 m, while its estimated top speed is Mach 4 and its maximum range is believed to be between 40 and 50 km.

It is armed with a high-explosive pre-fragmented warhead and relies on an inertial navigation system (INS) for its mid-course before switching to a radio frequency-based seeker for the terminal phase of its flight.