India Economy Thread

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.

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https://www.dawn.com/news/1793742
Pakistan cannot claim the money Saudis parked as part of their "Forex reserve". This is borrowed money. Pakistan's own forex reserves are barely 2-3 Billion which would mean it's not even in the top 100 countries. 79 is too high for Pakistan.
 
India is always a big trade deficit country only second to US. Where does it get its foreign reserves from?
Not trolling, just an honest question.
 
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Beijingwalker said:
India is always a big trade deficit country only second to US. Where does it get its foreign reserves from?
Not trolling, just an honest question.
Click to expand...
India has other sources of forex income. You can't only judge by goods trade deficit. We have Services surplus, FDI surplus, Remittance surplus, we are a net creditor country means we give more loans than we take. I am leaving the FPI part aside still we have negligible Balance of payment to GDP. If RBI doesn't keep increasing our Forex reserve so rapidly, we will be a surplus BOP country.
 
KFC reaches 1,000 stores in India, to add one lakh jobs
www.thehindubusinessline.com

KFC reaches 1,000 stores in India, to add one lakh jobs

Quick service restaurant chain KFC has touched the 1,000 th restaurant mark in India.
www.thehindubusinessline.com www.thehindubusinessline.com


At this rate, Starbucks will have close to 1200 outlets in India by 2030.
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timesofindia.indiatimes.com

Mercedes to invest 200cr in India operations this year | Kolkata News - Times of India

Mercedes-Benz will invest Rs 200 crore in India operations this year with the introduction of 12 products, including three new electric vehicles (EVs). The luxury carmaker's cumulative investment in the Indian subsidiary will reach Rs 3,000 crore. Sales revenue is expected to exceed Rs 15,000 crore.
timesofindia.indiatimes.com timesofindia.indiatimes.com


economictimes.indiatimes.com

Godrej Agrovet expresses interest in setting up palm oil processing unit in Telangana

A delegation of Godrej Agrovet Company Ltd led by its Managing Director Balram Singh Yadav met Chief Minister Revanth Reddy at the state secretariat here today and held discussions in this regard, an official release said. Reddy promised to extend all kinds of support to expand the existing palm...
economictimes.indiatimes.com economictimes.indiatimes.com


Infibeam Avenues signs pact with Gujarat to invest Rs 2,000 crore by 2030
www.ndtvprofit.com

Infibeam Avenues To Invest Rs 2,000 Crore In Gujarat By 2030

Infibeam Avenues to invest Rs 2,000 cr in Gujarat by 2030
www.ndtvprofit.com www.ndtvprofit.com


$9 billion investments in renewable energies in Tamil Nadu
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m.economictimes.com

Apple's India crop gets a boost in 2023, produces ₹1 lakh crore iPhones

The production figures achieved by Apple have exceeded the targets under the production-linked incentive (PLI) scheme and may allow the company's contract manufacturers to get more residual incentives depending on the outlay, officials said. The feat is a win for the government, which has been...
m.economictimes.com m.economictimes.com
 
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www.forbesafrica.com

Indian Manufacturers pave the way for two-wheeler boom in Africa

According to the World Bank, Africa’s population is expected to reach 2.8 billion by 2060, which will result in local government’s focus on developing and strengthening transport networks. The continent’s two-wheeler market is projected to cross US$10 billion by 2022 owing to population, rising...
www.forbesafrica.com

economictimes.indiatimes.com

Indian EV maker One Electric starts production in Kenya, eyes further expansion in Africa

The company has set up a joint venture with a local vehicle manufacturing company to start production of its Kridn motorcycles. All the components, technology and technical know-how have been supplied by the company from India. Local manufacturing will help the company to quickly scale its...
economictimes.indiatimes.com economictimes.indiatimes.com

www.newindianexpress.com

TVS Motor introduces seven new products in Ghana

"Our products are engineered specifically to cater to the demands of the African market while delivering superior quality and reliability," Rahul Nayak said.
www.newindianexpress.com www.newindianexpress.com

www.thehindubusinessline.com

For Nairobi, how the umbilical chord for mobility runs from India

Brands from the stables of Bajaj and TVS are the hot favourites among the local population
www.thehindubusinessline.com www.thehindubusinessline.com
 
India's iphone journey started with assembling(not producing) the budget iPhone SE. Now India is producing the latest iPhone 15 and exporting it to other countries.


India has already established itself well in 2 wheeler and 4 wheeler markets. I am sure in the future we can expand into higher techonology, civil and military.
 
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