India Economy Thread

swas said:
7.3 is incredible. If sutained for long term it can make India the next CHina.

7.3% compounded annual growth means that economy doubles in less than 10 years.
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NSO just published its first advanced estimate at 7.3%, more than last year's 7.2% GDP growth.
 
economictimes.indiatimes.com

Plane induction by Indian aviation companies soars; 133 planes inducted in 2023, a 51% on-year jump

India is witnessing rapid growth in its civil aviation sector, with major airlines like Air India and IndiGo placing orders for a total of 970 planes last year.
economictimes.indiatimes.com economictimes.indiatimes.com

India's yearly passsenger aircraft induction soars to recor highs.

Local airlines expanded their networks by a significant 51% in the year gone by, India's aviation regulator said on January 4.

During 2023, a total of 133 planes were inducted in India, a 51% jump YoY (over 2022) as airline companies scrambled to meet rising demand, the Directorate General of Civil Aviation (DGCA) said.


Out of the total number cited above, 21 were taken on wet lease.
The DGCA said that in line with the anticipated increase in aircraft inductions in 2024, it is "suitably enhancing its regulatory capacity to further speed up the regulatory approvals related to the induction of aircraft".

Specific information regarding the measures taken to enhance regulatory capacity was unavailable at the time of writing this.


"In 2023, scheduled operators added a total of 112 aircraft to total of 112 aircraft to their fleets, marking a 38% increase from the 81 aircraft added in 2022. When considering 21 wet/damp lease aircraft, the overall aircraft induction reaches 133, a substantial 51% rise from the previous year's figure of 88. This significant increase contributes to expanding capacity in a growing aviation market," DGCA's release said.

It said the heightened aircraft induction has led to two positive outcomes: improved network coverage, enhancing connectivity, and relatively lower fares during festive seasons, ultimately benefiting Indian passengers.

India is witnessing rapid growth in its civil aviation sector, with major airlines like Air India and IndiGo placing orders for a total of 970 planes last year.

As of December 31, 2023, the Directorate General of Civil Aviation (DGCA) reported 16 Air Operator Certificate (AOC) holders with a collective endorsement for 771 aircraft.

Additionally, the DGCA disclosed that it conducted 5,745 surveillance activities related to airlines, airports, and approved organizations in 2023. These included 4,039 planned surveillance efforts, along with 1,706 spot checks and night surveillance. The outcomes of these activities resulted in 542 enforcement actions, the regulator said.
 
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Awacs Indian DRDO netra two
 
pikkuboss said:
NSO just published its first advanced estimate at 7.3%, more than last year's 7.2% GDP growth.
Click to expand...
Yes yes this is what we need. Create wealth while the rest of the world is busy destroying wealth!
 
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At the end of the calender year 2023, China remains dominant as the number one holder of foriegn exchange in the world; holding more than next 4 put together.

All BRICS full-members except South Africa(rank 37th) feature in the top 10, China ranks 1st, India 4th, Russia 5th and Brazil 10th in the rankings.

Among GCC countries only Saudi Arabia(7th) and UAE(20th) feature in the Top 20. Israel remains at 18th.

Talking of South-East Asia, with only 19 Billion USD Bangladesh ranks 64th just ahead of Nepal at 67th. Amongst smaller countries Lanka(rank 110) with a population of 2.2 crores has USD 3.5 Billions, Maldvies(rank 146) of only 5 lakhs has 0.76 Billions, Bhutan(rank 141) with 8 lakh population has about a Billion. Afghanistan's figures havent been updated since 2021 where it stood at rank 76 with 9.4 Billion USD. No figures are provided by the TTA regime.

Pakistan has 8.2 Billions USD and ranks 79th, the second-lowest rank amongst all countries with population above 100 million. Only Ethiopia(rank 108) with population of 11.2 crores and reserves of 4 Billion USD has lower forex reserves.

1704626559848.png1704626585213.png1704626600213.png
 
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CrumblingCookie said:

At the end of the calender year 2023, China remains dominant as the number one holder of foriegn exchange in the world; holding more than next 4 put together.

All BRICS full-members except South Africa(rank 37th) feature in the top 10, China ranks 1st, India 4th, Russia 5th and Brazil 10th in the rankings.

Among GCC countries only Saudi Arabia(7th) and UAE(20th) feature in the Top 20. Israel remains at 18th.

Talking of South-East Asia, with only 19 Billion USD Bangladesh ranks 64th just ahead of Nepal at 67th. Amongst smaller countries Lanka(rank 110) with a population of 2.2 crores has USD 3.5 Billions, Maldvies(rank 146) of only 5 lakhs has 0.76 Billions, Bhutan(rank 141) with 8 lakh population has about a Billion. Afghanistan's figures havent been updated since 2021 where it stood at rank 76 with 9.4 Billion USD. No figures are provided by the TTA regime.

Pakistan has 8.2 Billions USD and ranks 79th, the second-lowest rank amongst all countries with population above 100 million. Only Ethiopia(rank 108) with population of 11.2 crores and reserves of 4 Billion USD has lower forex reserves.

View attachment 8490View attachment 8491View attachment 8493
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Lebanon has more cash than FX reservices than right now!! That is how bad the "boots" have made Pakistan's economy ..
 
CrumblingCookie said:

At the end of the calender year 2023, China remains dominant as the number one holder of foriegn exchange in the world; holding more than next 4 put together.

All BRICS full-members except South Africa(rank 37th) feature in the top 10, China ranks 1st, India 4th, Russia 5th and Brazil 10th in the rankings.

Among GCC countries only Saudi Arabia(7th) and UAE(20th) feature in the Top 20. Israel remains at 18th.

Talking of South-East Asia, with only 19 Billion USD Bangladesh ranks 64th just ahead of Nepal at 67th. Amongst smaller countries Lanka(rank 110) with a population of 2.2 crores has USD 3.5 Billions, Maldvies(rank 146) of only 5 lakhs has 0.76 Billions, Bhutan(rank 141) with 8 lakh population has about a Billion. Afghanistan's figures havent been updated since 2021 where it stood at rank 76 with 9.4 Billion USD. No figures are provided by the TTA regime.

Pakistan has 8.2 Billions USD and ranks 79th, the second-lowest rank amongst all countries with population above 100 million. Only Ethiopia(rank 108) with population of 11.2 crores and reserves of 4 Billion USD has lower forex reserves.

View attachment 8490View attachment 8491View attachment 8493
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I think that is a wrong chart, where is Hong kong?
 
With or without HongKOng, the figure is high; almost 5 times India's reserves.

India has also stepped up the game, our economy is growing at 7.3%. Our competition is not countries like BD, Nepal or Pakistan; we need to complete with China.
 
CrumblingCookie said:
With or without HongKOng, the figure is high; almost 5 times India's reserves.

India has also stepped up the game, our economy is growing at 7.3%. Our competition is not countries like BD, Nepal or Pakistan; we need to complete with China.
Click to expand...
Mainland China's foreign reserve and Hong kong's are always counted separately. Actually we even have two different currencies.
 
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