India Economy Thread

[Beijingwalker]

 

[Vikramaditya1]

Browsing this thread, I get the impression that Indian economy is doing really well and is within striking distance of becoming a superpower by 2030. However, the endless good news reported here doesn't seem to square with the rise of the Cockroach Janta Party and the ongoing protests about jobs. Can anyone explain this discrepancy?

Nobody is protesting about jobs.

 

[Vikramaditya1]

Someone really said "low base effect" of all things and this Chinese dude posted it as a gotcha moment totally believing in this stupidity.

 

[hydrabadi_arab]

 

[c14-Isotope]

 

[c14-Isotope]

India's defense exports to Europe has seen 1600% increase in 4 years. Has become one of the top suppliers for munitions, propellants and explosives in Eastern Europe.

 

[c14-Isotope]

 

[c14-Isotope]

Extreme poverty in India at $3/day is down to 2.6%.

Poverty at $4.12/day expected to fall to 12% in 2028.

 

[Thinking_Hard]

Unfortunately..actual poverty may have increased. Not creating enough jobs..

 

[Thinking_Hard]

Dollar is under 94 Rs. today.

I wonder how this will affect our export but lower import cost is welcome. Cheaper oil would be even better.

 

[Thinking_Hard]

1 dollar is 93.39 Rs. today. Quite a reversal. Should lower import cost. May affect export earnings..

 

[onlinpunit]

1 dollar is 93.39 Rs. today. Quite a reversal. Should lower import cost. May affect export earnings..

At least some relief in petroleum import.