India Economy Thread
- Thread starter indushek
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Sam6536
Registered Member
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
Registered Member
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.
This seems significant too. EU is trying to diversify from the US.
CallSignMaverick
Registered Member
LMAO
So we are dumping dollar fast. So is China.
economictimes.indiatimes.com
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...
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...
Go local brah..
hydrabadi_arab
Trusted Member
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.
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
Registered Member
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
Registered Member
CallSignMaverick
Registered Member
r3alist
Elite Member
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
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
hydrabadi_arab
Trusted Member
r3alist
Elite Member
Yes exactly this, I don't believe there is one notable large language model, yet they will advise the world how to use others?
rishi7887
Registered Member
I beg to differ in this regard since I work on the software sector here in Canada for an Indian firm. The large Indian tech companies were never really good at building world class products and selling them. They were however, very successful as implementation partners for companies like SAP, Oracle, AWS, Azure, GCP where they continue to make good money. So, even if Indian companies are not focusing on building LLMs, they will be the partner of choice when companies want to make AI transformations. Already, these companies are investing huge money in training their employees on AI, depending on the role with a focus on Agentic AI and RAG. Developers too are already getting plugins like GitHub copilot to go with their IDE to improve productivity. These companies have people working in fortune 500 companies at every level and hence have people who understand the business in and out coupled with technology.
This is why they'll have an advantage . Having said that, AI will take away a lot of development and maintenance work from these companies and they will invariably have to reduce their workforce.
There are some Indians that have created good AI platforms like Emergent
