India Economy Thread
- Thread starter indushek
- Start date
NeptunesVortex
Banned
VinFast inaugurated its Thoothukudi plant in August 2025 and crossed 10,000 EVs produced before completing one year of operations.
For a completely new foreign EV brand entering India, that is a fairly fast manufacturing ramp-up. Around 4 lakh EVs are expected to be sold making up nearly 8% of all vehicle sales. That's a sizeable share of the market.
For a completely new foreign EV brand entering India, that is a fairly fast manufacturing ramp-up. Around 4 lakh EVs are expected to be sold making up nearly 8% of all vehicle sales. That's a sizeable share of the market.
onlinpunit
Trusted Member
Thanks for this valuable information. May your social credit rise up and up.
vasanthm
Trusted Member
Glad you think India and China should be compared. You seem to hold us in higher regard than we expected
hydrabadi_arab
SpeedLimited
India foreign currency assets have fallen to 2020 levels, $543bn from peak of $616bn. Your overall "reserves" are stable because of gold price doubling in a year.
Anyway India doesn't defend INR with gold but USD. As it march towards 100, $100bn more will be spent to defending it. The era of surplus $ are over. Increase interest rates to curb imports and growth.
NeptunesVortex
Banned
"India's car production is a joke."
And yet a major North American automaker signed a 6 year deal to buy critical EV drivetrain assemblies from an Indian company.
That's awkward. Imagine calling someone's industry a joke while your competitors are sourcing transmission shafts, stator shafts, drive gears and precision-machined components from Indian origin suppliers. Getting global OEMs to trust your engineering, metallurgy, precision machining and quality systems for mission critical EV components is harder. https://www.google.com/amp/s/www.bu...ic-vehicle-parts-contract-123011700997_1.html
The funny part is that many Civic Si owners in North America didn't even know their transmission was made in India until they checked the label.
For years they've been praising the gearbox, calling it one of the best manuals in the segment, and only later realized it came from India. Nobody was complaining when they thought it was Japanese or North American.
Shows that quality speaks for itself. People can argue online all day, but if enthusiasts are enjoying a product and recommending it, that's what matters.
Tata’s JV with Punch Powertrain is making DCT gearboxes in India. AISIN is expanding in India to build automatic gearboxes and CVTs locally. Hyundai’s supplier setup here includes Kefico which makes engine control and powertrain electronics. And Valeo is investing over €200 million to expand EV systems, electronics and thermal tech in India.
China's online fanboys always quote production numbers.
It's like a restaurant bragging about how many burgers it sells while ignoring who supplies the kitchen equipment. Half the internet discussions about Chinese automakers are about price wars, overcapacity, subsidies and which brand will disappear next.
Congratulations on producing more cars. The adults are discussing who gets awarded the contracts.
Last edited:
NeptunesVortex
Banned
RBI doesn’t defend a fixed number like 100 or 90. It lets the currency move and only steps in to prevent sharp, disorderly swings. India is not running out of dollars. It still gets steady inflows from services exports, remittances and FDI inflows (longterm capital). RBI has actually made record FX gains from these operations. When the rupee weakens, RBI sells US dollars
When it sells dollars, it gets more rupees in return (especially if entry prices were lower). This difference creates a forex trading gain.
RBI reserve composition (approx structure from RBI bulletins):
Foreign currency assets: 85%
Gold: 7-10%
SDR + IMF position: remainder.
Gold price increase DID increase valuation. But gold is not the stabilizing factor. FX assets drive reserve movement. Gold is a diversifier + hedge, not the anchor.
RBI books ₹1.69 lakh crore forex gains amid record dollar sales
The Reserve Bank of India earned ₹1.69 lakh crore from foreign exchange transactions in FY26, up 52% from the previous year, as it sold a record $53.13 billion from forex reserves to support the rupee amid a 9.5% depreciation. RBIs total foreign income rose 27% to ₹3.28 lakh crore, helped by...
After setting aside reserves, RBI transfers the remaining surplus to the Government of India.
RBI's income rose 26% to '4.3 lakh crore over dollar gains in FY26
MUMBAI: RBI's record surplus transfer of nearly Rs 2.9 lakh crore reflects a year in which gains from dollar investments, forex market intervention and robust domestic bond income combined to lift RBI's total income by 26% to about Rs 4.3 lakh crore in FY26, up from Rs 3.4 lakh crore a year earlier.
timesofindia.indiatimes.com
Last edited:
RescueRanger
Meme Lord
Mod Note: Please do not troll post in Indian economy section. If you don't like India don't read this thread. Avoid agitating Indian members on PDF with nonsense troll posts.
Thanks.
Thanks.
Sam6536
Registered Member
Reddit - Please wait for verification
www.reddit.com
The Western DFC is a core component of the Japan backed Delhi-Mumbai Industrial Corridor (DMIC) initiative aimed at comprehensive regional economic development. India's whole railway network is fully electrified.
Japan has extended cumulative loans totaling over ¥460 billion for the Dedicated Western Freight Corridor to India.
It is given under highly concessional soft loans with interests as low as 0.1% and a repayment period of 40yrs.
Last edited:
LC150
Registered Member
Glad you think India and China should be compared. You seem to hold us in higher regard than we expected
actually I dont...
China is on a another league...
LC150
Registered Member
LC150
Registered Member
educating indians is our national duty... they dont seem to know much
Sam6536
Registered Member
It's a matter of time. China's rise also wasn't sudden. It was decades of policies and a lot of geopolitics. The next couple of decades will be dominated by China and the US with India consistently growing alongside them. I don't expect India to meet PPP standards of the former nations on a national scale anytime soon but it's a decades long process.
India only liberalised it's economy in 1991, back then we had extreme poverty, which we have eradicated to a large extent. Extreme poverty!=poverty, if you'd been keen on googling and sharing some videos and pictures and how India's social scheme still benefits 800mn individuals.
NeptunesVortex
Banned
For sure, this is exactly why India is breaking the Chinese monopoly in such a niche field. That’s why it’s gearing up to serve the critical North American market and why India is set to become a manufacturing hub for cathode active materials one of the hardest parts of lithium-ion battery manufacturing to localize. In fact, an Indian company developing a high performance LFP cathode is a major non-Chinese battery breakthrough.
Epsilon Launches Gen III LFP Cathode Material, Targeting US Battery Supply Chains | Autocar Professional
An India-based battery materials firm says its new lithium iron phosphate cathode meets US regulatory compliance standards and will scale to 30,000 tonnes annually by 2030.
