India Economy Thread

[Thinking]

JFE to invest ₹15,750 cr in JV with JSW to run Bhushan Power, target 10 MT steel capacity by 2030

JFE Steel and JSW Steel have formed a joint venture to operate Bhushan Power & Steel Limited (BPSL), marking a significant overseas investment in India's steel sector. JFE will invest ₹15,750 crore for a 50% stake in JSW Kalinga Steel, aiming to boost BPSL's capacity to 10 million tonnes by 2030...

economictimes.indiatimes.com

India's smartphone export to US triples to $1.47 bn in Oct

India's smartphone exports to the US have surged over threefold to $1.47 billion in October, defying global challenges. Cumulatively, exports to the US reached $10.78 billion from April to October, a significant jump from the previous year. This robust growth, despite tariff uncertainties...

economictimes.indiatimes.com

India to update national accounts base year to 2022–23; new data effective from February 26–27, says Nirmala Sitharaman

India is updating its economic data framework. The base year for national accounts will change from 2011-12 to 2022-23. This revision will happen next year. The move aims to better reflect the current economy. It addresses concerns raised by an international report. The new base year will...

economictimes.indiatimes.com

3 more months to go. Census begins next year too.

 

[vasanthm]

Pakistanis here nitpicking India’s GDP calculation might want to channel that technical expertise into their own thread on “Highest Unemployment in 21 Years.” Nothing reflects sour grapes more than obsessing over obscure statistical quirks while the overall economic trajectories of our two countries are moving in completely opposite directions.

 

[chinasun]

Why India Can’t Have Driverless Cars​

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[Thinking]

Why India Can’t Have Driverless Cars​

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No cars is better! Considering the no. of accidents.

 

[hydrabadi_arab]

Indian rupee tanking. In $ India GDP will not cross $4 trillion even in current FY 2025-26. Meanwhile Indians were celebrating $4 trillion economy last year. Pakistan GDP for current FY2025-26 $460bn or about 8.5 times smaller. IMF run economy GDP is narrowing the gap.

Remember good chunk of India GDP is made up post 2014 Modi rebasing.

 

[vasanthm]

Indian rupee tanking. In $ India GDP will not cross $4 trillion even in current FY 2025-26. Meanwhile Indians were celebrating $4 trillion economy last year. Pakistan GDP for current FY2025-26 $460bn or about 8.5 times smaller. IMF run economy GDP is narrowing the gap.

Remember good chunk of India GDP is made up post 2014 Modi rebasing.

May be you should first worry about
"Highest Unemployment in 21 Years."

 

[hydrabadi_arab]

May be you should first worry about
"Highest Unemployment in 21 Years."

Remittance all time high $42bn for 2025-26. Pakistan provide employes to the world.

 

[Thinking]

Remittance all time high $42bn for 2025-26. Pakistan provide employes to the world.

You make us all proud! I hope rest of the world doesn't shut itself to this wonderful employee country.

anywho, what is India going to do when India is not even going to hit 4T this year! Gasp, does that mean Indians are getting poorer? Dayum!

 

[r3alist]

Pakistanis here nitpicking India’s GDP calculation might want to channel that technical expertise into their own thread on “Highest Unemployment in 21 Years.” Nothing reflects sour grapes more than obsessing over obscure statistical quirks while the overall economic trajectories of our two countries are moving in completely opposite directions.

This is the problem, okay just a problem, why have you taken it so personally?

Obscure statistical quirks? You do know you are talking about your own GDP calculation

 

[vasanthm]

This is the problem, okay just a problem, why have you taken it so personally?

Obscure statistical quirks? You do know you are talking about your own GDP calculation

The IMF flagged a minor technical issue. But that doesn’t change the basics, India is adding jobs and growing, while Pakistan is facing its highest unemployment in 21 years.

 

[r3alist]

The IMF flagged a minor technical issue. But that doesn’t change the basics, India is adding jobs and growing, while Pakistan is facing its highest unemployment in 21 years.

You described your own GDP as having obscure statistical quirks.


I thought you were a little bit intelligent, more disappointed in myself

 

[CallSignMaverick]

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[Thinking]

Semicon Manufacturing: Taiwanese firm to invest Rs 1000 crore on industrial park in Karnataka

Taiwan's Allegiance Group will invest Rs 1000 crore in Karnataka for an India-Taiwan Industrial Park. This park will focus on electronics and semiconductor manufacturing. The initiative aims to attract advanced technology and create 800 direct jobs. It will strengthen business ties between India...

economictimes.indiatimes.com

India’s growth momentum to stay strong despite softening indicators: Fitch Ratings’ Alex Muscatelli

Fitch Ratings Alex Muscatelli says Indias GDP growth will stay strong despite softening high-frequency indicators, prompting a forecast upgrade to 7.4% for FY26. He expects growth to ease gradually to 6.2% by FY28 as inflation normalises, but reforms, strong investment outlook and supportive...

economictimes.indiatimes.com

I don't always get the chance to post economic news. Missing lot of news..

 

[Guynextdoor]

screw around and find out. After getting several years to implement new Pilot duty rules, Indigo failed to comply. Worse, they played a dirty game- let the flights fail in hopes of putting pressure on govt claiming they are too big to fail. 1000s of people unable to bord flights and panicking will force govt to withdraw.

Now GOI is planning to retaliate with massive blows.. They're getting the CEO fired, along with many of the senior leadership. They are putting in massive fines and will put major limitations in the future.

@vasanthm @Vkdindian1 @Thinking

https://www.news18.com/india/centre-seeks-indigo-ceos-ouster-over-flight-chaos-plans-heavy-penalties-sources-9754037.html

 

[vasanthm]

Foreign carriers were kept out of domestic routes to give our homegrown airlines room to grow. Perhaps it’s time to rethink that policy and open up the domestic market.