India Economy Thread

[r3alist]

Haha slow down, you went to China for that. I'm not the one who always bank on the hidden ekonomy. I just gave it back at ya. Go ahead skirt through that.

The point being, you listen to the likes of Wire, Dhruv Ratti Pravin Shawhney and they say things exactly as you want to hear. But when faced with a counter point you'll either flip to them as a source or you nitpick since you cannot argue on the merits. Also how did you invent CPI as the root of the issue, wait I know, CPI data is low (it shouldn't be cuz there should be a crisis). Or some idiot left winger in India told you CPI data is all wrong there is inflation lol!

But what did IMF say? Anything about CPI, no. They talked about using a different methodology to calculate real GDP growth, that is PPI instead of WPI. CPI is what our central bank use to set policy rates, your Central Bank governor could learn a thing or two about fiscal discipline instead of toying line of government.

Where do you think your updated methodology will come from? From your updated data, which is a decade old.
This should then filter through to the CPI, as the basket should not be static, across the whole population.

Beyond that, I would chill out, a fuzzy-ish calculation should not be such a source of national honour.

 

[Mighty_Dragon_Strike]

Where do you think your updated methodology will come from? From your updated data, which is a decade old.
This should then filter through to the CPI, as the basket should not be static, across the whole population.

Beyond that, I would chill out, a fuzzy-ish calculation should not be such a source of national honour.

come from stolen AI, that they have!

 

[vasanthm]

come from stolen AI, that they have!

Unfortunately we’re not that good in that skill set, nothing compared to your iron brother’s expertise, of course.

 

[r3alist]

Unfortunately we’re not that good in that skill set, nothing compared to your iron brother’s expertise, of course.

Whats up, eager to forget China was ever your peer rival?

 

[Mighty_Dragon_Strike]

Unfortunately we’re not that good in that skill set, nothing compared to your iron brother’s expertise, of course.

answer post 1892 before uttering non sense gibberish!

 

[vasanthm]

Whats up, eager to forget China was ever your peer rival?

Credit where it's due, no one else could steal western IP like they did

 

[r3alist]

Credit where it's due, no one else could steal western IP like they did

Yes that's it, the only difference.

Otherwise you would be neck and neck

 

[SoulSpokesman]

Back after speed limit ban

On low inflation: You need to understand how inflation is calculated- it takes current months price/last years same month price- ie for Nov 2025 it would be Nov 25 prices/Nov 24 prices. Two things have happened. One the previous Sep-Nov had witnessed very high food prices- especially perishables like fruits and veggies. In the current period, they have reverted to average levels. This however translates into a sharp -ve adjustment. Secondly, there has been a sharp reduction in GST on several goods and services- which means that the final retail prices have come down. So these factors are pulling down inflation. Essentially cost push low inflation and not demand compression.

On IND's GDP being almost half of the reported amount (of USD 4 TN) at USD 2.5 TN. Well the guy who said this Prof Arun Kumar (aka Longbeard) is a certified crook and a Commie. Even someone who has a very limited understanding of economics can figure that out.

Let us begin by assuming that his hypothesis is correct- that IND GDP is USD 2.5 TN. That means that GDP per capita is around USD 1800. Now let us look at the tax collections for the previous year- now that is a real, hard number as opposed to GDP, which is always an estimate. The net GDP collection of centrally collected taxes (IT, Corporate tax, Customs, GST, Cess etc) was around USD 500 billion. Add another USD 50 billion collected by states themselves- taxes on petrol, alcohol, tobacco, stamp duty etc.

So we have a tax/GDP ratio at USD 550 BN/2.5 TN or about 22%. Now, I will be more than gratified if someone can show me a USD 1800 per capita economy which has a tax to GDP ratio!

Regards

 

[SoulSpokesman]

@r3alist @vasanthm

Credit where it's due, no one else could steal western IP like they did

Nope. If it was just about stealing IP, Indians would have done it too.

The real reasons are as follows:

#1 PRC spent a lot more effort in the period 1949-79 in developing its people- in education, healthcare, sanitation, nutrition etc than IND did. With the result that PRC entered the LPG era with a far better HR pool than India did.
#2 PRC had a much more single-minded focus on building infrastructure- the fact that the government owned all land and brooked no protests which would delay infra enabled them to build a much better and cheaper infra than IND can.
#3 There was a lot of effective decentralisation and their local governments played a much more proactive role in building the economy than the local govts here.

Stealing of IP, slave labour etc even if real have a miniscule role in PRC economy.

Regards

 

[Thinking]

India roundup: Fujifilm to build semiconductor materials factory in India, targeting regional exports

Fujifilm will build a semiconductor materials plant in India for regional exports; Ziroh Labs promotes CPU-first AI compute; India approves 17 ECMS projects worth US$810 million to expand component manufacturing.

www.digitimes.com

Fujifilm will build a semiconductor materials plant in India for regional exports; Ziroh Labs promotes CPU-first AI compute; India approves 17 ECMS projects worth US$810 million to expand component manufacturing.

 

[Thinking]

Russian oil purchase is still on, though volume has gone down..

India picks up non-sanctioned Russian oil as discounts widen

Indian state-run refiners IOC and BPCL have resumed limited purchases of discounted Russian crude for January delivery, securing cargoes at about $5 per barrel below Brent from non-sanctioned sellers. Indias total Russian oil intake is expected to stay modest—under 600,000 barrels a day—as...

economictimes.indiatimes.com

 

[Thinking]

India's FDI inflow rise 18% to USD 35.18 bn in Apr-Sep; inflows from US double

India's Foreign Direct Investment surged over 18% to $35.18 billion in the first half of the fiscal year, with US inflows more than doubling. The services sector, particularly financial and business services, attracted the largest share of FDI equity. Maharashtra led Indian states in FDI equity...

economictimes.indiatimes.com

on FDI front.

India’s GDP data robust, new series in February

Officials said extensive data inputs with around 700 granular indicators are used for the quarterly estimates.

economictimes.indiatimes.com

From government on whole debate..

 

[Mighty_Dragon_Strike]

India's FDI inflow rise 18% to USD 35.18 bn in Apr-Sep; inflows from US double

India's Foreign Direct Investment surged over 18% to $35.18 billion in the first half of the fiscal year, with US inflows more than doubling. The services sector, particularly financial and business services, attracted the largest share of FDI equity. Maharashtra led Indian states in FDI equity...

economictimes.indiatimes.com

on FDI front.

India’s GDP data robust, new series in February

Officials said extensive data inputs with around 700 granular indicators are used for the quarterly estimates.

economictimes.indiatimes.com

From government on whole debate..

before posting crappy info. from the web, could you please explain the photo attached in terms of, bias it portrays?

same question for the guys of your league: @vasanthm @Vikramaditya1 @Vkdindian1 @SoulSpokesman and any other interested user of your nationality!

after all you are citizens of a super power country!

BTW post 1892, still remains unanswered, rote learning self proclaimed experts!

 

[vasanthm]

before posting crappy info. from the web, could you please explain the photo attached in terms of, bias it portrays?

same question for the guys of your league: @vasanthm @Vikramaditya1 @Vkdindian1 @SoulSpokesman and any other interested user of your nationality!

after all you are citizens of a super power country!

BTW post 1892, still remains unanswered, rote learning self proclaimed experts!

What are you even on abt? You don't make sense?

 

[Mighty_Dragon_Strike]

What are you even on abt? You don't make sense?

I though this was a thread on discussion on economics and finance!

of course, I am senseless, Im asking questions!