India Economy Thread

INS_Vikrant said:
Venezuelan Acting President Delcy Rodriguez is expected to travel to India next week to discuss oil sales, United States Secretary of State Marco Rubio said.

At an estimated 303 billion barrels of oil – about 17 percent of known global oil resources – the South American nation holds the world’s largest reserves, larger even than those held by Saudi Arabia and the US, though years of US sanctions and government mismanagement had crippled production in Venezuela.

As conflict engulfs the Middle East and oil markets tighten, Washington, which took control of Venezuela’s oil industry following the abduction of former President Nicolas Maduro from Caracas by US forces in January, now appears eager to push Venezuelan crude back onto the global market.

India has been buying more Russian oil amid the global energy crisis triggered by the US-Israel war on Iran, much to the irritation of the US, which argues that revenues are supporting Russia’s war on Ukraine. Before the Iran war began, Indian Prime Minister Narendra Modi had promised to stop buying Russian oil and instead buy crude from the US and Venezuela in February.

Now, Rubio, who will travel to India from May 23 to 26 for talks on trade, defence cooperation and energy security, says Washington wants to make sure India does this.


“We want to sell them as much energy as they’ll buy,” Rubio said.

“We also think there’s opportunities with Venezuelan oil. In fact, it’s my understanding that the interim president of Venezuela will be travelling to India next week as well.”

Analysts say Washington is attempting to reshape global energy supply chains – reducing Iran’s leverage in any peace talks – while simultaneously tightening its grip over Venezuela’s oil sector.
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We have refineries capable of Processing Venezuela Crude !
 
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What a disaster. FY27 will be even worse and INR will still hit 100. Modi is burning FX to leave nothing for next government. Remind me of Imrandu circa 2022.
 
hydrabadi_arab said:
View attachment 198535

What a disaster. FY27 will be even worse and INR will still hit 100. Modi is burning FX to leave nothing for next government. Remind me of Imrandu circa 2022.
Click to expand...
Yeah ! We are doomed..!
India's foreign exchange reserves grew by $23.1 billion during the 2025–26 financial year, rising from $668 billion at the end of March 2025 to $691.11 billion as of March 31, 2026.
 
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ustaad said:
thewire.in

Indian Rupee Has Fallen by Nearly 12% Against Pakistani Rupee Since Operation Sindoor

The comparison with Pakistan is instructive because it again entered an International Monetary Fund programme in 2025 and was forced to implement strict fiscal and monetary measures.
thewire.in thewire.in

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hydrabadi_arab said:
View attachment 198535

What a disaster. FY27 will be even worse and INR will still hit 100. Modi is burning FX to leave nothing for next government. Remind me of Imrandu circa 2022.
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Much better than keeping currency artificially pegged at a certain level for 40 months by burning the little debt denominated forex one has.
 
Indos said:
Close to Indonesia, despite Indonesia population 1/5 of India
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Indonesian FDI is not about population. It is about minerals where Indonesia is much more rich compared to India.
 
Read the thread. The amount of investment coming into India’s automobile industry is massive. Just look at the investment nos being announced. He only talked about Maharashtra but that doesn’t even include Suzuki’s ₹70,000 crore investments planned for Gujarat and Haryana.
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economictimes.indiatimes.com

Maruti Suzuki starts commercial production at second Kharkhoda plant

Maruti Suzuki has boosted its annual production capacity to 26.5 lakh units with the inauguration of its second plant at Kharkhoda, Haryana. This new facility, alongside its existing counterpart, brings the Kharkhoda site's combined capacity to 5 lakh units. The expansion aligns with the...
economictimes.indiatimes.com economictimes.indiatimes.com

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hydrabadi_arab said:
View attachment 198535

What a disaster. FY27 will be even worse and INR will still hit 100. Modi is burning FX to leave nothing for next government. Remind me of Imrandu circa 2022.
Click to expand...
You shouldn’t be worrying about the Indian currency. Focus on fixing your own economy first. At least India is not depending on bailout packages to stay afloat.

RBI has already transferred a huge dividend to the Government of India, and India still has strong support coming from services exports, remittances and forex reserves. That gives enough cushioning to handle pressure on the rupee.

FII money always moves in cycles depending on global market conditions. Once sentiment stabilises, foreign investors will start flowing back into the Indian market again.
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