India Economy Thread

[Thinking]

I get it. But their primary purpose is generating revenue easily. Risk taking is something we never do. We study to get a job. We need job not create wealth. So these IT companies like Infosys, TCS, Tech Mahindra are all job seekers basically, doing a job for a big corporation for a pay. We created an entire industry of doing jobs.

Now thanks to rise of right wing, AI and Trump, their time has come. Look at their books. Bad quarter after bad quarter. No doubt these "mighty software companies" are hoping for a miracle or a newer market!

Such shortsighted thinking is primary reason we are too dependent on America for all our digital content. There was some talk about tariffing digital service (US has a surplus) but there are no substitutes.

As long as Indians act Indian, we will not amount to much.

 

[Thinking]

India-UAE aim to double trade to $200 billion by 2032; ink deals on LNG, defence, and space

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

Did they really discuss all that in a day? These LNG deals are best.

 

[Sam6536]

Did they really discuss all that in a day? These LNG deals are best.

The visit was indeed sudden and there seems to be a substantial amount of deals signed. Probably has to do with the current ME rivarly with SA.

 

[Sam6536]

India-EU summit set to clinch trade deal, defence partnership and mobility pact

The two sides are also working on a compromise for inclusion of climate-related standards under the Paris Agreement, an ask of the EU side.

www.hindustantimes.com

This seems significant too. EU is trying to diversify from the US.

 

[CallSignMaverick]

LMAO

 

[Thinking]

This was one of the things

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[Thinking]

So we are dumping dollar fast. So is China.

Amid global gold rush, India and China are dumping US treasuries

Central banks, led by India and China, are significantly reducing US Treasury holdings and increasing gold reserves. This strategic shift reflects a move towards diversification and risk management amid global economic and geopolitical uncertainties. Gold's role as a strategic reserve asset is...

economictimes.indiatimes.com

 

[Thinking]

IKEA plans to double India investment to more than Rs 20,000 crore over five years

IKEA is set to significantly boost its investment in India. The furniture giant will pour over 200 billion rupees into the country over the next five years. This expansion includes opening more stores and increasing local sourcing. IKEA plans to quadruple its India sales and expand its store...

economictimes.indiatimes.com

Go local brah..

 

[hydrabadi_arab]

Rupee keep tanking after Trump tariff, now Rs91. This is despite India selling $30bn dollars on market in Octubre.

To put this in perspective India actual GDP for 2025-26 now is $3.9bn, forget about $4t. Per capita crashed down to below $2700.

But rupee is likely to end at 93 in March when FY2025-26. That will end dream of $4t economy even in 2026-27.

This is happening in a year when USD itself is going down, imagine if it recover. Foreign investors are fed up with fake market caps of Indian companies with no sign of correction.

Imagine being a country screaming $4t economy $4t economy to the world 2 years before it happen.

 

[CallSignMaverick]

Rupee keep tanking after Trump tariff, now Rs91. This is despite India selling $30bn dollars on market in Octubre.

To put this in perspective India actual GDP for 2025-26 now is $3.9bn, forget about $4t. Per capita crashed down to below $2700.

But rupee is likely to end at 93 in March when FY2025-26. That will end dream of $4t economy even in 2026-27.

This is happening in a year when USD itself is going down, imagine if it recover. Foreign investors are fed up with fake market caps of Indian companies with no sign of correction.

Imagine being a country screaming $4t economy $4t economy to the world 2 years before it happen.

GDP is measured with average exchange rates over a period, not daily forex movements.
Real GDP growth matters more while nominal GDP sells more.

Then there will be base year revision in february that'll add some in documented GDP.

 

[CallSignMaverick]

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[CallSignMaverick]

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[r3alist]

Here we have India selling itself as a top tier ai nation, attempting to sell solutions when no one really knows what they want, yet this guy thinks Indian companies are the ones to do it?

If you do not really need compute for many potential uses, then why do you need consultants?

This could be a repeat of the initial it silicon valley boom, where Indians were initially trained

@Dailt

@nathanbob

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[hydrabadi_arab]

Here we have India selling itself as a top tier ai nation, attempting to sell solutions when no one really knows what they want, yet this guy thinks Indian companies are the ones to do it?

If you do not really need compute for many potential uses, then why do you need consultants?

This could be a repeat of the initial it silicon valley boom, where Indians were initially trained

@Dailt

@nathanbob

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Fake it till you make it.

 

[r3alist]

Fake it till you make it.

Yes exactly this, I don't believe there is one notable large language model, yet they will advise the world how to use others?