Indian Economy : News,Discussions & Updates
- Thread starter Butter Chicken
- Start date
-
- Tags
- indian defence forum
India's per capita income doubles since 2014-15
As per the National Statistical Office (NSO), the annual per capita (net national income) at current prices is estimated at Rs 1,72,000 in 2022-23, up from Rs 86,647 in 2014-15, suggesting an increase of about 99 per cent.
India's Industrial production rises 4.3% in December - CNBC TV18
The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew by 2.6 percent in December 2022.
How many Chinese brands people knew 15 years back ? We need to first walk before start running. Right now India needs huge amount of employment. However, we absolutely failed in tech sector ( software and semiconductor) to create our own products in spite of having one of the largest talent pool.
Clutterji as usual doesn't bring in a quarter of the issues in the discussion because he lacks the necessary knowledge on it & deliberately skips the other quarter coz it doesn't suit his narrative.
What are the most famous brands the world over associated with ? It's in the domain of Consumer Electronics , apparel & personal care & automobiles essentially. What is our presence in all of them as of now ?
While we at least have a domestic industry catering to these needs in all the segments mentioned above our biggest failing by far has been in the CE space & this has been the case since decades . On the contrary all those domestic industries in this field have shut shop over the years or are sinking into oblivion - Onida , BPL , Videocon , you name it .
The only exception to this somewhat has been in the air conditioning segment where Voltas stll dominates the field after losing top position towards the beginning of last decade & then fighting it's way back . They've also staged a comeback in the refrigerator & washing machine market after trying up with a Turkish brand of all companies. That's how far we've fallen behind the game .
Sometime back Vedanta detailed plans of making an entry into the LCD / LED market of mfg touchscreens for cell phones & screens for televisions , lap tops etc . Wonder what happened to that . Probably they're dovetailing it with their SMC biz . In between there was some buzz of the Tatas entering this space as well as that of the SMC biz in a big but graduated manner beginning with packaging later moving on to testing.
While the latter bit of news is confirmed , what with their having headhunted a few top notch talent from Intel , the former is as of now not yet confirmed. As an aside , if you're keen on a return , you ought to pull some strings with your contacts who may be in touch with the Tatas .
Coming back to software , one nagging question yet to be addressed is why haven't our software majors diversified into developing core software programming still restricting themselves to high arbitrage tech cooliegiri . We still don't see any such plans on the anvil by any of them while their original biz is now gradually being fragmented .
If they don’t screw up like the “Penguin govt”, top 5 can reach 1 trillion $ figure by 2035.
India's 'eye-watering' 1.7 pc spend on transport upgrade to set stage for $5 trillion economy
The Indian government is spending 1.7% of its GDP on transport infrastructure this year, which is more than twice the level in America and most European countries. This investment is expected to create jobs and boost the economy. The government is also focusing on reviving 50 additional...
Jackpot! Geological Survey of India finds gold deposits in Odisha
The gold reserves were found in Deogarh, Keonjhar and Mayurbhanj districts of Odisha. The first surveys in the area were conducted in the 1970s and the 1980s,. A new survey of the area was conducted by the GSI over the last two years.
Surveys from the Geological Survey of India (GSI) have found gold deposits in three districts of Odisha. State Steel and Mines Minister Prafulla Mallik said that the gold reserves were found in Deogarh, Keonjhar and Mayurbhanj.
“The surveys of the Directorate of Mines and Geological Survey of India (GSI) reveal the presence of gold reserves in three districts, including Deogarh, Keonjhar and Mayurbhanj,” Mallick stated in reply to a written question from Dhenkanal MLA, Sudhir Kumar Samal.
The gold reserves were found in four different places in Keonjhar and four places in Mayurbhanj along with one location in Deogarh. These areas include Dimirimunda, Kushakala, Gotipur, Gopur, Joshipur, Suriaguda, Ruansila, Dhushura hill and Adas.
The first surveys in the area were conducted in the 1970s and the 1980s, but the findings of the surveys had not been published. A new survey of the area was conducted by the GSI over the last two years.
Currently, India has three working gold mines in the country -- Hutti and Uti mines in Karnataka and the Hirabuddini mines in Jharkhand. India’s gold production is around 1.6 tonnes a year, compared to the 774 tonnes a year of gold that it consumes.
Amid rising demand and prices of the precious metal, the Centre wants to increase gold production in the country. Last year, NITI Aayog conducted an extensive study to identify potential gold mines in the country. Currently, India’s gold reserves stand at a total of 70.1t (17.2Mt at 4.1g/t), according to data from the Ministry of Mines. The large extent of reserves is located in South India, with 88 percent of reserves located in Karnataka alone.
The World Gold Council in a report last year had stated that India could ramp up its gold production to as much as 20 tonnes a year over the long term through improvements in mining infrastructure, as well as regulatory reforms.
Jackpot! Geological Survey of India finds gold deposits in Odisha - CNBC TV18
India’s gold reserves stand at a total of 70.1t (17.2Mt at 4.1g/t), according to data from the Ministry of Mines. The large extent of reserves is located in South India, with 88 percent of reserves located in Karnataka alone.
This is in keeping with Japanese Govt policy. Besides Daikin has always enjoyed success in India which smoothened their decision making.