India Economy Thread

[r3alist]

@r3alist bro

The risk would be competing with us firms, once you are a competitor
Right now the benefits from offshore hiring accrue to us company balance sheets.

Yes, of course. There is a lot of easy money to be made by being labour contractors (that is what most of our "tech" companies) to Western majors. To become an original player, you will have to get out of that comfort zone.

Interestingly, Infosys had the option of being an early investor in Open AI but that would have required them to cough up US$ 1 billion upfront with no guarantee. The then CEO couldn't convince Narayana Murthy and the offer was passed up. Had they done so, their stake would be reportedly worth over USD 45 billion.

Regards

Mr Murthy hopes for his workers to work long days 18 hour days

Yes that's a missed opportunity, well actually how much is open AI even worth.

 

[CallSignMaverick]

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[Thinking]

We should be able to cross 7% this year. Government must not relent on reforms. If only our banias pulled their heads out of their a..

 

[Thinking]

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Some of the details of deal.

 

[r3alist]

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Some of the details of deal.

How do you feel about this Sir?

Taking the above two in aggregate

 

[SoulSpokesman]

@r3alist bro

It is as good a deal as we can get under the circumstances. As far as the USD 500 billion dollar is there it seems a monster amount but it is not all that difficult.

Our actual imports from US this year will be about USD 45 BN. It can be expected to grow by 8% y-o-y in business as usual. So we reach USD 275 BN in 5 years.

Now we import more than USD 50 billion worth gold and silver every year, most of it is routed through UAE. We can import a large chunk of it through US.

Our data centres will be growing very fast and a lot of the equipment comes from US. That will add up as well.

Plus we could easily import USD 15-20 BN p.a. worth additional oil and petroleum products, and about USD 5 billion worth of coking coal from USA. That could cost us about half a billion USD extra, but I think we can bear that cost in return for an access to US market for labour intensive industries.

Regards

 

[Thinking]

@r3alist bro

It is as good a deal as we can get under the circumstances. As far as the USD 500 billion dollar is there it seems a monster amount but it is not all that difficult.

Our actual imports from US this year will be about USD 45 BN. It can be expected to grow by 8% y-o-y in business as usual. So we reach USD 275 BN in 5 years.

Now we import more than USD 50 billion worth gold and silver every year, most of it is routed through UAE. We can import a large chunk of it through US.

Our data centres will be growing very fast and a lot of the equipment comes from US. That will add up as well.

Plus we could easily import USD 15-20 BN p.a. worth additional oil and petroleum products from USA. That could cost us about half a billion USD extra, but I think we can bear that cost in return for an access to US market for labour intensive industries.

Regards

That's good import. Our actual import is near 90 billion USD. And weapons etc. on top of that. 100 Billion looks too much unless you read the fine print. Our private airline industry is ordering planes worth 80 billion USD from Boeing. So the figure looks big on paper.

 

[SoulSpokesman]

@Thinking

Yeah, the official statement isn't clear whether it is only goods or both. For conservatism sake, I am assuming only goods.

Regards

 

[r3alist]

@r3alist bro

It is as good a deal as we can get under the circumstances. As far as the USD 500 billion dollar is there it seems a monster amount but it is not all that difficult.

Our actual imports from US this year will be about USD 45 BN. It can be expected to grow by 8% y-o-y in business as usual. So we reach USD 275 BN in 5 years.

Now we import more than USD 50 billion worth gold and silver every year, most of it is routed through UAE. We can import a large chunk of it through US.

Our data centres will be growing very fast and a lot of the equipment comes from US. That will add up as well.

Plus we could easily import USD 15-20 BN p.a. worth additional oil and petroleum products, and about USD 5 billion worth of coking coal from USA. That could cost us about half a billion USD extra, but I think we can bear that cost in return for an access to US market for labour intensive industries.

Regards

I think most importantly, it potentially ends trump antagonising India, and therefore going back on track closer to how things were, as well as removing a dark cloud that put into question India's medium term growth, which then has to be an important outcome


If The Americans don't really consider India vital to confronting China, it's quite a nice result for India, you will get American off-shoring, some military purchases but then nothing to propel you towards confronting China.

 

[r3alist]

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[Thinking]

Yeah, I hear japan has already spent 100 billion dollars!!!!!

 

[Thinking]

Should have done this a long time ago.

 

[r3alist]

We don't give a rat's ar...as to what Americans or Trump thinks. 26% of world's economic growth in 2026 is coming from China and 18% from India. That is IMF's data, adjusting for real growth. In 10 years, India would easily reach 10 trillion USD (about 6k USD PCI). We will propel ourselfs. Just discuss actual facts and leave this gossip for some other thread.

Well you obviously do care.

 

[CallSignMaverick]

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[Thinking]

The big inflation reset: What India’s new CPI means for you

India is updating its inflation measurement. A new Consumer Price Index series starts tomorrow, changing the base year to 2024. This revision reflects modern India's spending habits. Food's weight decreases, while services gain importance. This change impacts monetary policy and household...

economictimes.indiatimes.com

New CPI is coming.

India to revise base year for CPI, GDP, industrial output data every 3-5 years, official says

India is set to update its economic data base years regularly. This move aims to reflect current economic shifts. The Consumer Price Index will see its first update in over a decade. New data collection includes online platforms and modern services. This will provide a more accurate picture of...

economictimes.indiatimes.com

Faster updates,