Indian Economy: News, Updates and Discussions

[DedBot]

Or the new govt will make it a developed world before india is there any hope??

Let's stick to topic now. Stop obsessing over Pakistan Plz.

 

[Rivino]

Time will, tell, you are the weakest link among large populated states aspiring to be global factor, just do not grab bite you can not chew.

Clearly India, France, Singapore, UAE, Oman, Bhutan, Nepal, Saudi Arabia, Malaysia, France, Sri Lanka, Belgium, Netherlands, Luxembourg do not think so.

Do you think we should consider their judgement better than yours ?

 

[mulj]

Clearly India, France, Singapore, UAE, Oman, Bhutan, Nepal, Saudi Arabia, Malaysia, France, Sri Lanka, Belgium, Netherlands, Luxembourg do not think so.

Do you think we should consider their judgement better than yours ?

Yes, you should.

 

[CallSignMaverick]

Century Plyboards unveils ₹1,000 crore manufacturing hub​

https://www.manufacturingtodayindia.com/sectors/century-plyboards-unveils-rs-1000-crore-manufacturing-hub

IPL Biologicals to set up facility in Gujarat with ₹400 crore investment​

IPL Biologicals to set up facility in Gujarat with Rs 400 crore investment | Headlines

Read more about IPL Biologicals to set up facility in Gujarat with Rs 400 crore investment on Devdiscourse

www.devdiscourse.com

HUDCO inks pact with Gujarat Govt to invest ₹14,500 crore ($1.8 billion)​

HUDCO inks pact with Gujarat Govt to invest Rs 14,500 crore

New Delhi: State-owned HUDCO on Wednesday said it has entered into a pact with the Gujarat government to invest up to Rs 14,500 crore for financing of housing a

psuwatch.com

Nidec considering building more plants in India

Following two groundbreaking ceremonies in India within three months, Japan-based Nidec expressed its optimism about India and is looking to build more plants in the coming years.

www.digitimes.com

Food processing company Iscon Balaji Foods Pvt Ltd (IBF) has commissioned India’s biggest French Fries plant in Gujarat. IBF’s new plant stands testimony to its commitment to deliver best-in-class Make In India products to the world.

Iscon Balaji Foods sets up the largest French Fries factory in India

Food processing company Iscon Balaji Foods Pvt Ltd (IBF) has commissioned India’s biggest French Fries plant in Gujarat.

www.potatopro.com

https://twitter.com/x/status/1739921306165158205

https://twitter.com/x/status/1740203153939968445

https://twitter.com/x/status/1740202084203708459

https://twitter.com/x/status/1740251368194281837

https://twitter.com/x/status/1740226938818678987

iPhone manufacturer Foxconn expands investment in Bengaluru unit, infuses Rs 461 crore more - Times of India​

Foxconn, the largest manufacturer of Apple iPhones, has invested $55.29 million in Foxconn Precision Engineering Private Limited in Bengaluru.

Read more at:

iPhone manufacturer Foxconn expands investment in Bengaluru unit, infuses Rs 461 crore more - Times of India

Foxconn, the largest manufacturer of Apple iPhones, has invested $55.29 million in Foxconn Precision Engineering Private Limited in Bengaluru. The inv

timesofindia.indiatimes.com

 

[DDG-80]

Tesla is expected to set up its manufacturing plant in Gujarat, with an official announcement likely at the Vibrant Gujarat Summit in January 2024, reported Ahmedabad Mirror, a part of India's largest print media house.

Tesla prefers the state due to its conducive business environment, the paper reported, also adding that the Gujarat government has given Sanand, Becharaji and Dholera as options to establish the plant.

Persons in the know said Gujarat aligns well with the American car company's export-oriented approach to cater to both domestic and international demand, Ahmedabad Mirror reported.

Tesla has been engaged in negotiations with the Central government, seeking concessions that would facilitate a smoother entry into the Indian market. The demands for concessions were part of the broader discussions around easing regulatory hurdles and ensuring a conducive business environment for Tesla’s operations in the country.

Reuters had reported earlier that Tesla and India have been in talks for several months with the U.S. carmaker open to setting up a factory but also keen to get lower import taxes for some of its high-end vehicles.

If Tesla does end up coming to Gujarat, it will join a host of auto firms such as Maruti Suzuki, Tata and Morris Garage, all of which have manufacturing bases in the state, Ahmedabad Mirror noted.

https://www.autocarpro.in/news/discussions-with-tesla-to-establish-manufacturing-plant-in-gujarat-in-final-stages-report-118413

@CallSignMaverick @protean @indushek @Sharma Ji

 

[Deep State Indian]

https://x.com/IndianTechGuide/status/1740278200188694780?s=20

 

[vsdoc]

Everything in Gujarat.

Rest of the country needs to find a PM of their own.

Cheers, Doc

 

[onlinpunit]

The recent vandalism in Bangalore by B team of Congress will create more issues for the state.

 

[Guru Dutt]

Pointless till the war stops

there is no WAR is only some acutly anty Hindu India jihadis who see it that way ..... its more of a blessing in disguise and results will be coming out soon ... good its giving the navy some live training excersise

 

[CallSignMaverick]

https://twitter.com/x/status/1740571801410019404

https://twitter.com/x/status/1740570447203500333

https://twitter.com/x/status/1740362438674104482

https://twitter.com/x/status/1739854142317768777

https://twitter.com/x/status/1740572008247951491

 

[CallSignMaverick]

Dubai's logistics major DP World promises ₹24,000 crore ($3 billion) investments for Gujarat.

https://twitter.com/x/status/1740933517583003694

https://twitter.com/x/status/1740960016453243190

India's forex reserves hit over 21-month high; jump $4.47 billion to $620.4 billion: RBI​

India's forex reserves hit over 21-month high; jump $4.4 billion to $620 billion

For the week ended December 22, the foreign currency assets, which are the single largest component of the reserves, increased by $4.898 billion to $549.747 billion, according to RBI.

www.livemint.com

 

[DDG-80]

India’s exports to Australia increases by 14% after trade agreement

India’s exports to Australia increased14% year-on-year to $5.87 billion in the first eight months of current financial year

www.hindustantimes.com

@CallSignMaverick

 

[DDG-80]

Mobile phone exports at Rs 75,000 cr till Nov, on way to cross Rs 1,24,000 cr in FY24 - ET Telecom

Mobile Exports: Led by Apple, India is set to cross $15 billion (over Rs 1,24,000 crore) in mobile phone exports in the current fiscal year, posting a growth of 35 per cent over the last fiscal year.

telecom.economictimes.indiatimes.com

 

[DDG-80]

India's economic journey is getting a boost, and noted economist Bibek Debroy is here to guide us through the key details.

Let's break down the insights shared in his recent op-ed about India's economic outlook.

As we gear up for upcoming elections, there's a lot of talk about uncertainty.

However, according to Debroy, India's economy is holding strong, and he's optimistic about what lies ahead.

Despite some global ups and downs, India is expected to grow by a solid 7 per cent this year.

Debroy, Prime Minister's Economic Advisory Council Chairman, highlights that the government is committed to spending money on important projects, especially those that can boost investment and consumption in both cities and villages.

Looking at the economic data for the calendar year 2024, Debroy predicts a strong 7 per cent growth rate.

Even with some uncertainties in the global market, India seems on track, with a more conservative estimate suggesting a growth rate close to 6.8 per cent.

India's total economic output, which was about $3.74 trillion in 2023, is expected to reach a whopping $4 trillion in 2024.

Crossing the $4 trillion mark is like a stepping stone toward India becoming a "developed" country by 2047, predicted Debroy.

India's Economy Heading Towards $4 Trillion Milestone In 2024, Says EAC Chairman Bibek Debroy

India's economic journey is getting a boost, and noted economist Bibek Debroy is here to guide us through the key details

swarajyamag.com

 

[CallSignMaverick]