India Economy Thread

[El Sidd]

India is extremely rich. Her dark economy is even darker than her designs for Pakistan.

Indians and India are not only rich but they know they are rich and would remind everyone that they're extremely wealthy.

Gold from Somnath temple can feed smaller countries for decades alone.

 

[SoulSpokesman]

@peagle

Whether India can become rich should be the real question.

No. With luck we will top out at upper middle-income mediocrity. Which by the way, will not be a bad deal.

Regards

 

[Mighty_Dragon_Strike]

@peagle

Whether India can become rich should be the real question.

No. With luck we will top out at upper middle-income mediocrity. Which by the way, will not be a bad deal.

Regards

your tax slabs for salaried tells different story!
Lets be clear here, 1.4B without any major wars for substantial period, with huge (almost unseen and unfathomable) amounts of remmittances and with full feldged support from USA to Australia, things are'nt too clear (note, this really was'nt the question to start with!)

 

[nahtanbob]

your economy still runs on foreign remittances (which is quite unlike anyother G7)
have trade imbalances,, it seems, your europ. and western friends, never intended for you to become independent thinkers.
Our situation is very different, we are war torn country (not even comparable!)

Shouldn't you be fixing the war

 

[Mighty_Dragon_Strike]

Shouldn't you be fixing the war

it does not work that way.

 

[nahtanbob]

it does not work that way.

What do you mean ?
I would rather be poor than get shot at it daily

 

[El Sidd]

What do you mean ?
I would rather be poor than get shot at it daily

Pakistanis are both poor and being shot at. Are you saying India won't shoot rich people?

 

[Thinking]

your tax slabs for salaried tells different story!
Lets be clear here, 1.4B without any major wars for substantial period, with huge (almost unseen and unfathomable) amounts of remmittances and with full feldged support from USA to Australia, things are'nt too clear (note, this really was'nt the question to start with!)

India received 3% of GDP as remittance, last year. Figure was 3.6% for Mexico, 8% for Philippines, over 9% for Pakistan, 6.8% for Egypt etc..

I guess none are supported by Australia the way, we are though. We pay top dollars to buy expensive Australian coal afterall. We have negative trade balance with Australian but you are on to something!

 

[nahtanbob]

Pakistanis are both poor and being shot at. Are you saying India won't shoot rich people?

Rich or poor I would prefer not to get shot

 

[RafaleSlayer]

Their true economy is probably one fourth of what it actually is, they just cook the numbers. And a big portion of that economy is the fraud earnings through scam call centers and now the new trend with false startups just to attract foreign investment, buy big houses, buy big cars and in a couple of years declare bankruptcy and then next year start a new startup.

 

[El Sidd]

Rich or poor I would prefer not to get shot

Don't go near Modi. He is shooting everyone

 

[hydrabadi_arab]

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Net FDI crash 97%….

 

[SoulSpokesman]

@hydrabadi_arab

So the Q is who are all these businesses/businessmen who are investing USD 81 bilion in IND? And why?

Regards

 

[hydrabadi_arab]

@hydrabadi_arab

So the Q is who are all these businesses/businessmen who are investing USD 81 bilion in IND? And why?

Regards

Net FDI was $42b in 2020 and doen to $300m in 2024. This year negative for sure.

 

[Vikramaditya1]

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Net FDI crash 97%….

It won't be a puzzle when you understand why. India is having a double digit growth in inward FDI. Foreign firms are taking profitability back for example Hyundai IPO raised $3.3 billion by listing in Indian stock market. Or Indian firms like Infosys acquiring German companies. These contribute to the outflow. And hence net FDI being lower. This is not the win you're looking for. Lol