Indian Economy : News,Discussions & Updates
- Thread starter Butter Chicken
- Start date
-
- Tags
- indian defence forum
So, nepotism, religious/linguistic bias, racism against fellow Indians and blatant disregard for rules of "no discrimination" at work.
So much for communism and liberalism from the bastion.
While he preaches all idealist values to everyone here
Nilesh (@nileshjrane) Tweeted:
Some data
- Total Infra spending by GOI + State Govts in India in last 5yrs = 51L Cr (~$715B)
- Total Planned Infra investment in next five years - 102 + 3 = 105L Cr (~$1.473 T) Press Trust of India on Twitter ( )
Some data
- Total Infra spending by GOI + State Govts in India in last 5yrs = 51L Cr (~$715B)
- Total Planned Infra investment in next five years - 102 + 3 = 105L Cr (~$1.473 T) Press Trust of India on Twitter ( )
Prasanna Viswanathan (@prasannavishy) Tweeted:
@SwarajyaMag Road To $5 Trillion Economy: Nirmala Sitharaman Unveils India’s First Ever Rs 102 Lakh Crore National Infra Pipeline
Road To $5 Trillion Economy: Nirmala Sitharaman Unveils India’s First Ever Rs 102 Lakh Crore National Infra Pipeline ( )
@SwarajyaMag Road To $5 Trillion Economy: Nirmala Sitharaman Unveils India’s First Ever Rs 102 Lakh Crore National Infra Pipeline
Road To $5 Trillion Economy: Nirmala Sitharaman Unveils India’s First Ever Rs 102 Lakh Crore National Infra Pipeline ( )
Sector-wise breakup of the Rs. 102 lakh crore infrastructure investment planned to be made as part of National Infrastructure Pipeline :
Core sectors shrink for fourth straight month
NEW DELHI :India’s eight infrastructure sectors shrank for the fourth straight month in November at 1.5%, though the magnitude of contraction slowed from 5.8% in the previous month.
The slowing of the pace of contraction is being interpreted by some economists as a sign of green shoots, indicating that the economy is on a recovery path.
India’s economic growth decelerated to a six-and-a-half-year low of 4.5% in the September quarter on the back of slowing domestic and external demand. Data released by the Controller General of Accounts on Friday showed that the government exceeded its 2019-20 fiscal deficit target by 114.8% during the April-November period.
Five of the eight infra sectors reported a drop in output in November, according to data released by the industry department on Friday. Cement production bounced back to 4.1% growth, recovering from monsoon-related disruptions, while the output of refinery products accelerated to 3.1% in November. The output of coal and electricity sectors shrunk at a slower pace of 2.5% and 5.7%, respectively, in November from the previous month. However, crude oil, natural gas and steel saw their output shrink at a faster pace in November than in October.
Madan Sabnavis, chief economist at CARE Ratings, said the core sector growth numbers for November, though disappointing, have a silver lining as sectors such as cement and fertilizers have registered growth. “There is a mixed picture when it comes to non-energy based industries, which have performed better (than energy-based industries)."
With an improvement in the performance of a number of lead indicators, including core sector industries, auto production and non-oil merchandise exports, Aditi Nayar, principal economist at ICRA Ltd, expects factory output to report modest growth in November after having contracted since September. The eight core sectors contribute 40% to the Index of Industrial Production.
Retail sales of passenger vehicles in India grew just 1% year-on-year to 257,271 units in November, after the worst festival season sales in nearly five years, showed data released by the Society of Indian Automobile Manufacturers in December.
Commerce ministry data released last month showed that non-oil merchandise exports grew 2.5% in November, led by electronic goods, engineering goods and pharmaceuticals, even as overall exports contracted 0.3% during the month.
The Business Inflation Expectations Survey of 1,200 companies by IIM Ahmedabad released on Friday showed early signs of improvement in sales perception. In November, around 68% of the companies in the sample reported that sales were “somewhat or much less than normal" compared to 76% that reported so in October.
After reducing policy rates five consecutive times by a cumulative 135 basis points, the Reserve Bank of India (RBI) opted for a pause in its December monetary policy review, given the sharp increase in retail inflation and weak monetary transmission from its earlier rate cuts. Retail inflation quickened to 4.6% in October, propelled by a surge in food prices.
Earlier last month, RBI pared its growth forecast to 5% for 2019-20 from its October estimate of 6.1%, citing weak business and consumer sentiment. “While improved monetary transmission and a quick resolution of global trade tensions are possible upsides to growth projections, a delay in revival of domestic demand, a further slowdown in global economic activity and geopolitical tensions are downside risks," said RBI.
NEW DELHI :India’s eight infrastructure sectors shrank for the fourth straight month in November at 1.5%, though the magnitude of contraction slowed from 5.8% in the previous month.
The slowing of the pace of contraction is being interpreted by some economists as a sign of green shoots, indicating that the economy is on a recovery path.
India’s economic growth decelerated to a six-and-a-half-year low of 4.5% in the September quarter on the back of slowing domestic and external demand. Data released by the Controller General of Accounts on Friday showed that the government exceeded its 2019-20 fiscal deficit target by 114.8% during the April-November period.
Five of the eight infra sectors reported a drop in output in November, according to data released by the industry department on Friday. Cement production bounced back to 4.1% growth, recovering from monsoon-related disruptions, while the output of refinery products accelerated to 3.1% in November. The output of coal and electricity sectors shrunk at a slower pace of 2.5% and 5.7%, respectively, in November from the previous month. However, crude oil, natural gas and steel saw their output shrink at a faster pace in November than in October.
Madan Sabnavis, chief economist at CARE Ratings, said the core sector growth numbers for November, though disappointing, have a silver lining as sectors such as cement and fertilizers have registered growth. “There is a mixed picture when it comes to non-energy based industries, which have performed better (than energy-based industries)."
With an improvement in the performance of a number of lead indicators, including core sector industries, auto production and non-oil merchandise exports, Aditi Nayar, principal economist at ICRA Ltd, expects factory output to report modest growth in November after having contracted since September. The eight core sectors contribute 40% to the Index of Industrial Production.
Retail sales of passenger vehicles in India grew just 1% year-on-year to 257,271 units in November, after the worst festival season sales in nearly five years, showed data released by the Society of Indian Automobile Manufacturers in December.
Commerce ministry data released last month showed that non-oil merchandise exports grew 2.5% in November, led by electronic goods, engineering goods and pharmaceuticals, even as overall exports contracted 0.3% during the month.
The Business Inflation Expectations Survey of 1,200 companies by IIM Ahmedabad released on Friday showed early signs of improvement in sales perception. In November, around 68% of the companies in the sample reported that sales were “somewhat or much less than normal" compared to 76% that reported so in October.
After reducing policy rates five consecutive times by a cumulative 135 basis points, the Reserve Bank of India (RBI) opted for a pause in its December monetary policy review, given the sharp increase in retail inflation and weak monetary transmission from its earlier rate cuts. Retail inflation quickened to 4.6% in October, propelled by a surge in food prices.
Earlier last month, RBI pared its growth forecast to 5% for 2019-20 from its October estimate of 6.1%, citing weak business and consumer sentiment. “While improved monetary transmission and a quick resolution of global trade tensions are possible upsides to growth projections, a delay in revival of domestic demand, a further slowdown in global economic activity and geopolitical tensions are downside risks," said RBI.
Wow, nice going government, increase indirect taxes to 80-90% of total tax revenues, that way both unemployed and CEO pays same tax.
This bump could very well be attributed to day light robbery in Petrol prices. Every penny given in corporate tax break will be taken out from us, just like that.
Also interesting, Haryana with mere population of 2.5 crore pays almost 4 times more tax than gods own country with 1 crore more population than Haryana.
Now all these are indicators of growth of big industries. Theses big industries are growing because their share in our GDP is increasing on the cost of the share of small and medium industries in GDP. It doesn't indicate growth in our economy as a whole.
हम भारत के लोग (@India_Policy) Tweeted:
Two western States, Maharashtra and Gujarat collect more GST than all five states of South India combined; TN, Karnataka, Telangana, Andhra and Kerala.
Kerala collects less than the 'poor' states like Rajasthan, Jharkhand, Odisha, Chhattisgarh. ( )
Interesting thread.
Two western States, Maharashtra and Gujarat collect more GST than all five states of South India combined; TN, Karnataka, Telangana, Andhra and Kerala.
Kerala collects less than the 'poor' states like Rajasthan, Jharkhand, Odisha, Chhattisgarh. ( )
Interesting thread.
the biggest good news is that when GDP growth was lowest, we have been able to generate GST of over one crore. Once the economy picks up, imagine the windfall we will have.
Harvard report on the issues facing Indian economy and the possible solutions.
Please note: in the paper, lanco infra promoted by Congress mp from Andhra owes 53000 crore to State Bank.. that's $8 billion .. and it will be written off because they can't find the money.
Please note: in the paper, lanco infra promoted by Congress mp from Andhra owes 53000 crore to State Bank.. that's $8 billion .. and it will be written off because they can't find the money.
Don't worry Indian public will pay for it.
But guess what member here tell us that entrepreneurs actually take too much risk and must be allowed special concessions
Consumer goods’ festive sales hit a four-year high
By Writankar Mukherjee & Smita Balram, ET Bureau | Updated: Jan 03, 2020, 08.14 AM IST
Representative Image.
KOLKATA | BENGALURU: Retailers and consumer goods companies said sales in the October-December festive quarter had been the best in past four years on account of ‘pent-up demand’, a buoyant stock market, wider availability of consumer credit at 0% interest, and the harsh winter in the North that triggered sales of heating products and winter wear.
While industry executives said some ‘green shoots’ were visible, they added that they would observe sales over the next one-two quarters before announcing a revival in consumption.
“Some green shoots can be seen, but the upcoming summer will tell us whether the momentum is sustained,” said Panasonic India CEO Manish Sharma.
According to industry executives, sales of white goods grew 7-8% in October-December 2019 compared with a contraction of 2-4% during the same period in 2018 and 2017, and 3-4% growth in 2016. The only exception was TVs, which saw sales shrink 9-10% due to a shift in consumption habit to smartphones. Counterpoint Research, which tracks smartphone shipments, said last quarter of 2019 was the best for the category in four years.
The October-December quarter is crucial for consumer-oriented companies, and accounts for 35-40% of their annual sales.
The pace of sales growth during the last festive quarter is still less than the pre-demonetisation period, when companies used to widely report double-digit growth. Sales were severely impacted by demonetisation during the festive quarter of 2016, and by the implementation of GST in 2017, and industry executives believe the lingering effect of these two events dampened overall sentiment in 2018.
But the likes of Reliance Retail, Lifestyle, Puma, LG, One-Plus, Panasonic, Vijay Sales and Great Eastern Retail said sales in the last quarter of 2019 grew beyond expectation, with good demand during Dussehra-Diwali in October and a pickup in December wiping out the slow sales in November.
Puma India managing director Abhishek Ganguly said consumer spending had picked up in the festive quarter with buyers thronging malls and ecommerce marketplaces, and discounts coming down.
LG Electronics India vice president Vijay Babu said the company registered 18% growth in the last quarter. “Due to good festive sellout, current channel inventory is quite low and we expect 30% growth in the current quarter,” he said. LG is the largest white goods maker in India.
Counterpoint Research associate director Tarun Pathak said preliminary data shows smartphones sales grew in double digits in the festive quarter. “Due to a good last quarter, smartphone sales growth in calendar year 2019 would be 9-10%, and we expect double-digit pace of growth in 2020,” he said.
Smartphone maker OnePlus India general manager Vikas Agarwal said any product targeting the youth, like smartphones, will do well in an aspirational country like India.
India’s GDP growth rate fell to 4.5% in the September quarter from 5% in April-June. This has been attributed to poor consumer spending, weak private investments and the impact of a global slowdown. International Monetary Fund has forecast India’s economy will grow at 6.1% in 2019, but will pick up pace to expand at 7% in 2020.
Reliance Retail’s CEO of fashion and lifestyle business, Akhilesh Prasad, said there has been some recovery for the fashion retail industry in the October-December quarter. “If everything is so bad, why is the stock market rocketing? I don’t think there is any real slowdown,” he said, adding the retailer is targeting 70% growth in 2020.
Electronics retailer Great Eastern Retail director Pulkit Baid said sales were sluggish in the July-September quarter but had bounced back in October-December due to pent-up demand and wider availability of consumer credit at 0% interest.
Vijay Sales director Nilesh Gupta said the sales growth could be partially attributed to the harsh winter in the North, and said air purifiers and heating products were out of stock. “It has been an extraordinary quarter with sales growing at 12-13% compared with a decline during the same period in the previous three years,” he said.
Consumer goods’ festive sales hit a four-year high
By Writankar Mukherjee & Smita Balram, ET Bureau | Updated: Jan 03, 2020, 08.14 AM IST
Representative Image.
KOLKATA | BENGALURU: Retailers and consumer goods companies said sales in the October-December festive quarter had been the best in past four years on account of ‘pent-up demand’, a buoyant stock market, wider availability of consumer credit at 0% interest, and the harsh winter in the North that triggered sales of heating products and winter wear.
While industry executives said some ‘green shoots’ were visible, they added that they would observe sales over the next one-two quarters before announcing a revival in consumption.
“Some green shoots can be seen, but the upcoming summer will tell us whether the momentum is sustained,” said Panasonic India CEO Manish Sharma.
According to industry executives, sales of white goods grew 7-8% in October-December 2019 compared with a contraction of 2-4% during the same period in 2018 and 2017, and 3-4% growth in 2016. The only exception was TVs, which saw sales shrink 9-10% due to a shift in consumption habit to smartphones. Counterpoint Research, which tracks smartphone shipments, said last quarter of 2019 was the best for the category in four years.
The October-December quarter is crucial for consumer-oriented companies, and accounts for 35-40% of their annual sales.
The pace of sales growth during the last festive quarter is still less than the pre-demonetisation period, when companies used to widely report double-digit growth. Sales were severely impacted by demonetisation during the festive quarter of 2016, and by the implementation of GST in 2017, and industry executives believe the lingering effect of these two events dampened overall sentiment in 2018.
But the likes of Reliance Retail, Lifestyle, Puma, LG, One-Plus, Panasonic, Vijay Sales and Great Eastern Retail said sales in the last quarter of 2019 grew beyond expectation, with good demand during Dussehra-Diwali in October and a pickup in December wiping out the slow sales in November.
Puma India managing director Abhishek Ganguly said consumer spending had picked up in the festive quarter with buyers thronging malls and ecommerce marketplaces, and discounts coming down.
LG Electronics India vice president Vijay Babu said the company registered 18% growth in the last quarter. “Due to good festive sellout, current channel inventory is quite low and we expect 30% growth in the current quarter,” he said. LG is the largest white goods maker in India.
Counterpoint Research associate director Tarun Pathak said preliminary data shows smartphones sales grew in double digits in the festive quarter. “Due to a good last quarter, smartphone sales growth in calendar year 2019 would be 9-10%, and we expect double-digit pace of growth in 2020,” he said.
Smartphone maker OnePlus India general manager Vikas Agarwal said any product targeting the youth, like smartphones, will do well in an aspirational country like India.
India’s GDP growth rate fell to 4.5% in the September quarter from 5% in April-June. This has been attributed to poor consumer spending, weak private investments and the impact of a global slowdown. International Monetary Fund has forecast India’s economy will grow at 6.1% in 2019, but will pick up pace to expand at 7% in 2020.
Reliance Retail’s CEO of fashion and lifestyle business, Akhilesh Prasad, said there has been some recovery for the fashion retail industry in the October-December quarter. “If everything is so bad, why is the stock market rocketing? I don’t think there is any real slowdown,” he said, adding the retailer is targeting 70% growth in 2020.
Electronics retailer Great Eastern Retail director Pulkit Baid said sales were sluggish in the July-September quarter but had bounced back in October-December due to pent-up demand and wider availability of consumer credit at 0% interest.
Vijay Sales director Nilesh Gupta said the sales growth could be partially attributed to the harsh winter in the North, and said air purifiers and heating products were out of stock. “It has been an extraordinary quarter with sales growing at 12-13% compared with a decline during the same period in the previous three years,” he said.
Consumer goods’ festive sales hit a four-year high
So As per GST collections , western Europe of India aka Kerala pays relatively less than other states. So where is our resident idealist cum supremacist @SATA @Guynextdoor
@_Anonymous_ So called Western Europe aka Kerala collects less than poor North Indian state s
* (@BhagwaanUvacha) Tweeted:
#IndiaAt5Trillion It is the stated goal of @narendramodi ji to grow India into a US$5 trillion economy by FY25. For perspective, India is currently a US$2.7 trillion economy (FY19). For a better understanding of this journey, I decided to look at China for guidance. + ( )
Interesting thread on how India can achieve a 5 Trillion USD economy by 2024-25 & the various pitfalls it must avoid. Below thread unroll link. You ought to find this interesting for obvious reasons @randomradio
Also tagging @Falcon ; @Milspec ; @Gautam ; @Bali78 ; @Ashwin & everybody else.
Thread by @BhagwaanUvacha: #IndiaAt5Trillion It is the stated goal of @narendramodi ji to grow India into a US$5 trillion economy by FY25. For perspective, India is cu…
#IndiaAt5Trillion It is the stated goal of @narendramodi ji to grow India into a US$5 trillion economy by FY25. For perspective, India is currently a US$2.7 trillion economy (FY19). For a better understanding of this journey, I decided to look at China for guidance. + ( )
Interesting thread on how India can achieve a 5 Trillion USD economy by 2024-25 & the various pitfalls it must avoid. Below thread unroll link. You ought to find this interesting for obvious reasons @randomradio
Also tagging @Falcon ; @Milspec ; @Gautam ; @Bali78 ; @Ashwin & everybody else.
Thread by @BhagwaanUvacha: #IndiaAt5Trillion It is the stated goal of @narendramodi ji to grow India into a US$5 trillion economy by FY25. For perspective, India is cu…