India Economy Thread

[hydrabadi_arab]

India GDP 2024-25 would be $3.3 trillion instead of $3.9t if Modi didn't change the way India calculate GDP. This controversial method has made GDP grow extra 1.5-2% every year on paper since last 10 years.

 

[Vikramaditya1]

India GDP 2024-25 would be $3.3 trillion instead of $3.9t if Modi didn't change the way India calculate GDP. This controversial method has made GDP grow extra 1.5-2% every year on paper since last 10 years.

So you're saying India should've kept the base year at 2004-05 instead of 2011-12. Lol!
How do you justify your claim when statistics like private consumption 7.2% growth, investment (7.1%), and sectoral growth (construction at 9.4%) shows our GDP infact grew at the rate GDP growth rate is calculated. These are components used to calculate GDP growth these are pure numbers based on sale.

Now simply ignore everything else, the government build roads, railways, airports at a faster pase in the past 10 years that in itself would show in GDP because government is the largest capex spender.

 

[hydrabadi_arab]

So you're saying India should've kept the base year at 2004-05 instead of 2011-12. Lol!
How do you justify your claim when statistics like private consumption 7.2% growth, investment (7.1%), and sectoral growth (construction at 9.4%) shows our GDP infact grew at the rate GDP growth rate is calculated. These are components used to calculate GDP growth these are pure numbers based on sale.

Now simply ignore everything else, the government build roads, railways, airports at a faster pase in the past 10 years that in itself would show in GDP because government is the largest capex spender.

Not just base year change but the way GDP was calculated inflated service sector growth.

India 2012 GDP around $1.9 trillion. All debt $2.6 trillion including states and private.

India 2024-25 GDP $3.9 trillion, debt around $6 trillion. Now imagine this debt with real $3.3 trillion GDP.

Not only have Modi govt increased debt exponentially but also faked GDP on paper by good $500-600b. Resulting in many banks going bankrupt as people can't pay back loans. Net FDI is now just $300m, 25 years low.

Modi will leave India with huge debt crisis and inflated GDP that is likely to get corrected once Congress come to power.

 

[SoulSpokesman]

@hydrabadi_arab

Hydra bro,

There are lots of rough and ready ways of finding out whether India's GDP is correct or not. We can look into those.

Do you think energy consumption is a good proxy of a measure of IND's GDP?

Regards

 

[onlinpunit]

Not just base year change but the way GDP was calculated inflated service sector growth.

India 2012 GDP around $1.9 trillion. All debt $2.6 trillion including states and private.

India 2024-25 GDP $3.9 trillion, debt around $6 trillion. Now imagine this debt with real $3.3 trillion GDP.

Not only have Modi govt increased debt exponentially but also faked GDP on paper by good $500-600b. Resulting in many banks going bankrupt as people can't pay back loans. Net FDI is now just $300m, 25 years low.

Modi will leave India with huge debt crisis and inflated GDP that is likely to get corrected once Congress come to power.

Which indian bank went bankrupt ?

 

[Vikramaditya1]

Not just base year change but the way GDP was calculated inflated service sector growth.

Bullshit, the revised calculation reduced the size of service sector from 57% to 51% in GDP in 2015. India's IT services became the fastest growing.

India 2024-25 GDP $3.9 trillion, debt around $6 trillion. Now imagine this debt with real $3.3 trillion GDP.

Yeah it is in Imagination. Not supported by reality.

Not only have Modi govt increased debt exponentially but also faked GDP on paper by good $500-600b. Resulting in many banks going bankrupt as people can't pay back loans. Net FDI is now just $300m, 25 years low.

Another bullshit. No major banks in India went bankrupt. Some local banks that had cash flow issues due to NPA concern were bailed out back in 2020. Indian banking sector is one of the strongest sector right now, with lowest NPA in a decade. With historically high profit margins.

Modi will leave India with huge debt crisis and inflated GDP that is likely to get corrected once next Congress come to power.

Unlikely, what you don't understand is India's GDP calculation is prescribed methodology given to SDDS countries. Maybe try bringing your own economy to SDDS standard of data dissemination from GDDS.

 

[冖_冖]

China’s solar grip tightens — Cell imports more than double; module imports barely dip despite curbs

Imports of PV cells assembled into modules dipped only 2 per cent, from 35.98 million to 35.26 million panels, despite the Approved List of Models and Manufacturers (ALMM) order restricting the use of imported modules in most utility-scale and rooftop solar projects from April 1, 2024.

indianexpress.com

New Delhi | June 22, 2025 21:14 IST

India’s imports of solar photovoltaic (PV) cells from China — for assembly into modules or panels — jumped 141 per cent, from around 1.89 billion units in 2023-24 (FY24) to 4.55 billion in FY25, official trade data shows.

Imports of PV cells assembled into modules dipped only 2 per cent, from 35.98 million to 35.26 million panels, despite the Approved List of Models and Manufacturers (ALMM) order restricting the use of imported modules in most utility-scale and rooftop solar projects from April 1, 2024.

India’s solar module manufacturing capacity has surged from 38 gigawatt (GW) in March 2024 to 91 GW now, the Ministry of New and Renewable Energy (MNRE) told The Indian Express.

“The increase in domestic solar PV module manufacturing capacity seems to have contributed to increase in import of solar PV cells,” the ministry said. While India’s solar cell manufacturing capacity has also grown — from 9 GW in March 2024 to 25 GW now — it still falls short of meeting the total demand for modules.

‘Continued module imports due to ALMM exemptions’​

The MNRE, which reimposed the ALMM order in FY25 after keeping it in abeyance during FY24, added that “several exemptions” exist under the order. These include projects where the last bid submission date was before April 10, 2021, certain net metering projects applied for before October 2022, behind-the-meter captive projects, and solar installations for the production of export-oriented green hydrogen.

“Despite ALMM being in force, these exemptions seem to be the reason for continued import of solar PV modules,” the ministry said. In a letter dated March 3, 2025, the MNRE asked state governments to strictly enforce the ALMM order for solar PV modules, except in cases where projects qualify for exemptions listed above or have been specifically exempted by the ministry or an authorised agency.

Overall, solar cell imports rose 88 per cent — from 2.69 billion units worth Rs 15,335 crore in FY24 to 5.06 billion units worth Rs 13,905 crore in FY25 — as China’s share increased from 70 to 90 per cent. Module imports, meanwhile, fell 15 per cent, from 48.48 million panels (Rs 36,134 crore) to 40.99 million (Rs 18,263 crore).

 

[Thinking]

S&P Global raises India’s FY26 GDP growth projection to 6.5%

Read more at: https://www.deccanherald.com/busine...a-s-fy26-gdp-growth-projection-to-6-5-3601046

Need crucial reforms to push the numbers above 7%. Tough world economic conditions are also playing the spoilsport.

 

[Thinking]

The good and the bad././

FDI inflows rise to $8.8 billion in April, NRI deposit mobilisation slows

India's foreign direct investment surged to $8.8 billion in April, a 22% increase year-over-year, bolstering the RBI's foreign exchange reserves. While non-resident deposit inflows slowed, overall external commercial borrowing rose significantly. Despite a drop in foreign portfolio investment...

economictimes.indiatimes.com

 

[SecularNationalist]

Pakistan is the largest consumer of solar energy. Because of the rising costs of electricity in pakistan.

 

[onlinpunit]

Nuclear power is still the best option.

 

[Fatman17]

Local news

 

[冖_冖]

India’s bullet train plan hits Chinese wall as German tunnel-boring machines remain stuck at port

Three tunnel boring machines built in China for Indias first bullet train are stuck at a Chinese port without clearance. Though commissioned by German firm Herrenknecht, the machines are critical for digging a deep, undersea tunnel between Mumbai and Shilphata. Officials say the delay could...

economictimes.indiatimes.com

​

India’s bullet train plan hits Chinese wall as German tunnel-boring machines remain stuck at port​

Last Updated: Jun 24, 2025, 02:27:00 PM IST

Three massive tunnel boring machines meant for the Mumbai–Ahmedabad high-speed rail corridor remain held up at a Chinese port, creating concern over potential delays to India’s flagship bullet train project.

These machines, essential for the 21-km underground section of the line from Bandra-Kurla Complex (BKC) to Shilphata, were built in Guangzhou by German tunnelling specialist Herrenknecht. Two were expected to reach India by October 2024, while the third should have arrived earlier this year.

So far, no clearance has been given by Chinese port authorities. There has been no official explanation for the delay.

“Matter taken to the External Affairs Ministry”

The Railway Ministry has escalated the issue. “The railway ministry has taken the matter to the external affairs ministry,” a senior official told reporters.

Diplomatic channels are now in play, as the delay involves not just the TBMs but also other parts crucial for ongoing civil works. Sources say a continued hold-up could seriously affect progress, particularly on the undersea stretch beneath Thane creek.

 

[Nilgiri]

please start local news related to Indian economy etc in this pinned thread rather than starting new threads each time.

Thanks.

 

[Thinking]

That is something..

India records $13.5 billion current account surplus in March quarter, says RBI

India's current account saw a surplus of $13.5 billion in Q4 FY25, a significant turnaround from previous deficits, driven by robust services exports and reduced primary income outgo. While the merchandise trade deficit widened, increased remittances and strong service sector performance...

economictimes.indiatimes.com