Indian Economy : News,Discussions & Updates
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Can India industrialize?
The most important economic development question in the world.
noahpinion.substack.com
My favorite economist analyst.
India should just follow the Poland/Malaysia model. Huge amounts of FDI and manufacturing focused on exports. This 7% growth stuff is gonna leave India behind China forever.
Jobs in manufacturing garnets, electronics and cars provide large quantities of jobs. While improving India's education system will unlock the national world brands/startups.
India's forex reserves rise for second week, hit over 9-month high - Times of India
India Business News: MUMBAI: India's foreign exchange reserves rose for a second week to hit an over nine-month high of $586.
m.timesofindia.com
India Population: India races to get rich before it gets old as population passes China | India News - Times of India
India News: India needs to focus on four key areas in order to become the world's biggest growth driver: urbanisation, infrastructure development, up-skilling, an
m.timesofindia.com
India to rollout quarterly open market sale for wheat after this year's procurement cycle - CNBC TV18
Government sources have told CNBC-TV18 that a quarterly open market sale (OMS) scheme is slated to commence for wheat after the completion of this year's wheat procurement cycle. The scheme is likely to be rolled out in June or July this year, after wheat procurement is completed by the end of...
At 169! India has more billionaires than Switzerland, 7 other developed nations
Among the list of 15 nations with the most billionaires, Japan ranked at the bottom with only 40 ultra-rich people
www.livemint.com
Why everyone in business loves India right now | CNN Business
When Tim Cook arrived in India earlier this month to open Apple’s first physical store in the country, he was welcomed like a hero.
Here...comes...INDIA!!!
The world has a new largest country, and it's on the move.
www.noahpinion.blog
India needs 10% growth badly. Manufacturing is the key to solve jobs issue as well.
Here...comes...INDIA!!!
The world has a new largest country, and it's on the move.
India needs 10% growth badly. Manufacturing is the key to solve jobs issue as well.
Unless something big happens, I doubt it's possible. China did it when global growth was high. A more sustainable 7-8% growth with a stable currency would be a better option.
India's exchange rate back in 2010 was Rs 45 to a dollar. Today it's Rs 80. Meaning, with a stable currency, our GDP today would have been $6T already, and we would have been on our way to $12T instead.
What's more important today is drastically improving our socio-economic conditions, like introducing universal healthcare and quality school education with sufficient access to all. Our actual literacy rate is atrocious. There's also a need to upskill labour. All this needs to be done by the end of the decade, or our massive population advantage will become meaningless.
Yes, the author did mention education as India's biggest weakness, now that infrastructure has been addressed.
Higher education in India is decent, stuff middle class and above can afford. So that has to scale up as more and more start affording it.
Whereas school education is WIP, but they are working on it.
We are currently following a 10+2 system, that's 10 years of primary and secondary schools (1-10th grades) and 2 years of high school (11th and 12th). It's for children between 6 and 18.
That's being changed to a 5+3+3+4 system starting from 3 years old.
Details here for those interested:
New Education Policy 2024 | National Education Policy | NEP 2024
The National Education Policy (NEP 2023) is a new education policy 2023 that follows NEP 5+3+3+4 structure and replaces the old 10+2 education system.
ishiksha.net
Interesting bit here:
The Higher Education Commission of India will have a board, an interim committee, an Academic Council, and a technical committee. The Prime Minister of India will chair the Interim Committee. There will be 14 members, seven of whom will be elected by the general public. The Board will be in charge of all government universities. The Interim Committee will be in charge of the day-to-day running of the Board.
Primary education has the biggest weakness.Higher education in India is decent, stuff middle class and above can afford. So that has to scale up as more and more start affording it.
Whereas school education is WIP, but they are working on it.
We are currently following a 10+2 system, that's 10 years of primary and secondary schools (1-10th grades) and 2 years of high school (11th and 12th). It's for children between 6 and 18.
That's being changed to a 5+3+3+4 system starting from 3 years old.
Details here for those interested:
New Education Policy 2024 | National Education Policy | NEP 2024
The National Education Policy (NEP 2023) is a new education policy 2023 that follows NEP 5+3+3+4 structure and replaces the old 10+2 education system.
Interesting bit here:
The Higher Education Commission of India will have a board, an interim committee, an Academic Council, and a technical committee. The Prime Minister of India will chair the Interim Committee. There will be 14 members, seven of whom will be elected by the general public. The Board will be in charge of all government universities. The Interim Committee will be in charge of the day-to-day running of the Board.
Within 10 years, the minimum skills required out of school will be to read a newspaper, write a few lines about a surprise topic and do some basic maths. Anything above that is only for college education. And everything else will be handled by AI. Of course, Indian education barely provides even that outside cities.
India to become export hub for Skoda Auto from next year, says co official - ET Auto
Volkswagen Group sales grew 85.48 per cent year-on-year at 1,01,270 units in the previous calendar year. The Group is present through Skoda Auto, Volkswagen, Audi, Porsche and Lamborghini brands under Skoda Auto Volkswagen India Pvt Ltd (SAVWPIL). "India is an absolutely important market as part...
India's retail inflation eases to 18-month low of 4.7 per cent in April, stays within RBI's tolerance band
The consumer-price index (CPI) based inflation has remained within the Reserve Bank of Indias (RBI) tolerance band of 2-6 per cent for the second consecutive month. The number can be attributed to moderation in food and fuel prices apart from the low base effect. The easing price of cereals and...
