Indian Economy : News,Discussions & Updates

I have seen some real shift in policy post covid era. You can not keep on importing billions of dollars of items which you can easily manufacturer in India. What happened in the past and what was happening till the recent past even in BJP goverment was a spineless policy in economomy. Now it seems that steps are being taken to see that whatever we are capable to producing in India is produced in India and not imported. Had this policy been followed couple of decades back, we would have been 5 trillion economy by now. This is going to save big chunk of foreign exchange and make India a trade surplus country within next 1 to 2 years. Indian diaspora is that diaspora which sends highest foreign exchange remittance from abroad. Our rade surplus coupled with huge foreign exchange remittance will overflow over treasure of foreign exchange. This will help rupee to strengthen against other currencies. The goal of 5 trillion economy by 2024 and a 10 trillion US dollar economy in in next one decade love scenes very much within the reach. By 2030 I see a very different India full of prosperity, self sufficiency, number one in high technologies, drugs and medicines and IT services . we are all set to take a giant leap in manufacturing sector as well I see agriculture sector flourishing with quality of food grains milk and edible oils. Economically, coming time is very exciting. We just need to control population and Islamic fundamentalism which are two major challenges in my opinion. Nationalist Government at the centre easily take care of these things.
 
Gautam said:
Another behemoth is entering the fray. So we have Walmart owned Flipkart, Facebook/Whatsapp backed Reliance JioMart & Amazon in a three way battle. And now TATA is joining in. Interesting times ahead :


Tata group poised to take on RIL, Amazon; you could soon order ‘everything’ using Tata super app

By ET Now
Updated Aug 24, 2020 | 09:44 IST

Tata group is all set to roll out a super app, which will put the salt-to-software conglomerate in competition with billionaire Mukesh Ambani-controlled RIL and US-based online retail titan Amazon.
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File photo: N Chandrasekaran, chairman of Tata Sons

New Delhi: The Tata group is reportedly poised to unveil a “super app” by December or early next year, which will put the conglomerate in competition with rivals Amazon and Reliance Industries (RIL) in India—the world’s fastest growing e-commerce market.

The super app will provide food and grocery ordering, fashion and lifestyle, consumer durables, insurance and financial services, healthcare and bill payments. N Chandrasekaran, chairman of Tata Sons—the holding company of the $113-billion group—told the Financial Times: “It will be a super app, a lot of apps in apps and so on . . . We have a very big opportunity.”

The development assumes significance following Asia’s richest man Mukesh Ambani-controlled RIL raised $20 billion from private-equity firms and leading technology behemoths Facebook and Google in an attempt to expand its digital services arm Jio’s base. Worth mentioning here is that as per a Goldman Sachs May report, the online rerail will account for 2.5 per cent of India’s gross domestic product (GDP) by 2030, growing 15 times and touching $300 billion.

“The Tata Group, depending upon how you count, touches several hundred millions of consumers in India, if you take consumers who are walking in everyday into a Tata facility … How do we give a simple online experience connecting all of this, and at the same time a beautiful omnichannel experience? . . . That is the vision,” the London-based business daily quoted Chandrasekaran as saying.

At present, the details of Tata Group’s super app are not available. The Tata Group, which manages fashion shopping app Tata CLiQ, grocery e-store StarQuik and online electronics platform Croma, is believed to offer a bouquet of products and services within the app.

Last year, the salt-to-software conglomerate had launched a new entity to incubate new-age digital business called Tata Digital. Several news reports mentioned that Chandrasekaran had stated Tata Sons would infuse Rs 1,000 crore in the new vertical.

Super apps are popular in China where digital platforms owned by Tencent, Alibaba and Meituan-Dianping provided multiple products and services such as e-commerce, travel bookings, food delivery and ride bookings all within the same app. Many analysts are of the view that the concept of the super app is still at a nascent stage in India. Currently, a majority of online shoppers still use different apps across travel, food delivery and e-commerce other sectors.

Meanwhile, it has been reported that RIL and Facebook were toying with the idea of unveiling a multipurpose app, on the lines of Chinese super-app WeChat, by leveraging the WhatsApp platform and user base. The plan was to roll out a super app where buyers users would also be able to purchase staples through Reliance Retail stores, or shop at ajio.com, or make payments using JioMoney.

www.timesnownews.com

Tata group poised to take on RIL, Amazon; you could soon order ‘everything’ using Tata super app

Tata group is all set to roll out a super app, which will put the salt-to-software conglomerate in competition with billionaire Mukesh Ambani-controlled RIL and US-based online retail titan Amazon.
www.timesnownews.com www.timesnownews.com
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This group is getting too much competitive. Patanjali may also enter.
 
In line with PM Narendra Modi 's vision of #VocalForLocal & boosting toy manufacturing, Koppala will have India's first toy manufacturing cluster. With the eco-system to support toy cluster in place, this 400 acres SEZ will have top-class infra & generate 40,000 jobs in 5 years.
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Milspec said:
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Makes one wonder why's GoI going soft on the Sandesaras? Applies to the media too.Sucheta Dalal however has been one of lone crusading voices in the media on such high profile defaulters.

For that matter there seems to be nothing of note on Malaya's Modi's or Choksi's extradition too.
 
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Maruti Suzuki MD Kenichi Ayukawa to help Japanese companies relocate from China to India - ET Auto

Kenichi Ayukawa: Ayukawa, who is also the president of industry body Society of Indian Automobile Manufacturers (SIAM), said he will make efforts to organise business exploration meetings with manufacturers of Japan to promote Make-in-India. Similar discussions can be held with manufacturers...
auto.economictimes.indiatimes.com auto.economictimes.indiatimes.com

economictimes.indiatimes.com

Rice, sugar push up Q1 farm exports by 23%

Despite Covid-19 and the lockdown, India saw a 23% increase in export of farm produce from April to June compared to the corresponding period last year, with rice and sugar dominating the charts.
economictimes.indiatimes.com economictimes.indiatimes.com
 
_Anonymous_ said:
Makes one wonder why's GoI going soft on the Sandesaras? Applies to the media too.Sucheta Dalal however has been one of lone crusading voices in the media on such high profile defaulters.

For that matter there seems to be nothing of note on Malaya's Modi's or Choksi's extradition too.
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yupp, makes me often wonder if the concept of scams has transcended traditional understanding of us common folks.
 
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