Indian Economy : News,Discussions & Updates

kharabela said:
Without getting in to congress bjp debate , i wld add a point - Due to digital penetration the amount of free resources to refer in higher education has significantly improved . And one can avail quality courses just click of button . If student wants to learn he can find the best resources does nt matter if he gets admission in some private college in some corner of the country . But yeah , the environment might not be that much conductive , its up to the individual .
School education require some consolidation . There are too many schools . In odisha there is a project called "Adarsa vidyalaya " going on ( in assam as well , not sure if its all india ) . 314 ideal school is being established . One in each block .

View attachment 28895View attachment 28896

Then i had been to one of the national high school . Some good works has been done regarding the overall environment , compared to what i had witnessed 10 years back .

Those with money can anyway avail good school education . Even in tire 3 cities there schools with swimming pool , all kinds of sports activities , indoor as well as outdoor , classroom with projectors etc . charging somewhere betwn 50k-70k annually . It can be more for the branded ones .
Click to expand...

Adding to my previous post . The Adarsh vidyalaya project is being runed by respective state govt of Odisha and Assam . Came across a similar project in Madhya Pradesh - " CM Rise school " . 9,000 'CM Rise' schools ll be established in MP . There ll be smart classroom , modern labs, sports grounds etc .there ll be Atal Tinkering Labs in these schools.

www.indiatoday.in

Madhya Pradesh government launches ambitious plan for 9,000 'CM Rise' schools

Madhya Pradesh has initiated the establishment of 9,000 'CM Rise' schools to ensure quality education and fostering innovation for students of all backgrounds.
www.indiatoday.in www.indiatoday.in

model of school

CM_Rise_School.jpg



 
Ashwin said:
https://twitter.com/x/status/1682026321625640965
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Overall its being made up on FPI side. Net inflows there are very robust compared to the average (negative or close to zero) pre covid 5 years or so.

The attractiveness of FPI relative to FDI may persist for a while in the current relative high interest rate environment of US and Europe (largely due to covid after effects and their over-keynesian approach during and after the pandemic)...which are absorbing a higher % of some of the flows that previously were correlated to FDI to India especially in IT and service sector.

ITES sector in India has also matured with time so there is less incentive for direct equity by foreign investor there compared to generic portfolio investment.

Have to see if India even becomes FDI intensive this decade (w.r.t manufacturing sector PLI and atmannirbhar impetus etc) , it could just chart a route with its market cap relatively speaking compared to Chinese route (even after subtracting the round tripping done with HK for them and Mauritius for India)....as there may be less need and desire by foreign investors for equity ownership and more relative trust given to Indian corporates.
 
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India can become USD 6.7 trillion economy by 2031: S&P Global​

India can become a USD 6.7 trillion economy by 2031, from USD 3.4 trillion currently, if the country clocks an average growth of 6.7 per cent for 7 years, an S&P Global report said on Thursday.
India had clocked a 7.2 per cent GDP growth in 2022-23 fiscal.
But a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6 percent in the current fiscal, S&P Global said in a report titled 'Look Forward: India's Money'.

"We expect India to grow 6.7 percent (average) from fiscal 2024 to fiscal 2031, catapulting GDP to USD 6.7 trillion from USD 3.4 trillion in fiscal 2023. Per capital GDP will rise to about USD 4,500," said the report jointly authored by S&P Global Ratings Global Chief Economist Paul Gruenwald, Crisil Chief Economist Dharmakirti Joshi and S&P Global Market Intelligence Chief Economist Asia Pacific Rajiv Biswas.

The macro challenge for India in the upcoming decade is to turn traditionally uneven growth into a high and stable trend, it said.
Capital accumulation will drive India's economy toward this desirable path with the government and increasingly private sector investing in infrastructure and manufacturing, the report said.
"You will see growth peak at around fiscal 2025-26," Joshi said.

The report also said that India will likely see gains from reforms such as Goods and Services Tax. Further, the implementation of the Insolvency and Bankruptcy Code would also help to drive a healthy credit culture.
It said that even with India recalibrating toward manufacturing, services will maintain a strong role in the economy.
The challenge over the next decade and beyond will be to create the conditions for sustained growth and achieving this will likely require structural reforms in 3 key areas -- raise labour participation, especially among women, and boost skills, lift private investment in manufacturing and bolster external competitiveness through FDI, it added.

A massive domestic market, along with gradually improving global competitiveness, is helping India draw foreign investment, the report said.
www.cnbctv18.com

India can become USD 6.7 trillion economy by 2031: S&P Global - CNBC TV18

The macro challenge for India in the upcoming decade is to turn traditionally uneven growth into a high and stable trend, it said, an S&P Global report said
www.cnbctv18.com www.cnbctv18.com
 
RISING SUN said:

India can become USD 6.7 trillion economy by 2031: S&P Global​

India can become a USD 6.7 trillion economy by 2031, from USD 3.4 trillion currently, if the country clocks an average growth of 6.7 per cent for 7 years, an S&P Global report said on Thursday.
India had clocked a 7.2 per cent GDP growth in 2022-23 fiscal.
But a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6 percent in the current fiscal, S&P Global said in a report titled 'Look Forward: India's Money'.

"We expect India to grow 6.7 percent (average) from fiscal 2024 to fiscal 2031, catapulting GDP to USD 6.7 trillion from USD 3.4 trillion in fiscal 2023. Per capital GDP will rise to about USD 4,500," said the report jointly authored by S&P Global Ratings Global Chief Economist Paul Gruenwald, Crisil Chief Economist Dharmakirti Joshi and S&P Global Market Intelligence Chief Economist Asia Pacific Rajiv Biswas.

The macro challenge for India in the upcoming decade is to turn traditionally uneven growth into a high and stable trend, it said.
Capital accumulation will drive India's economy toward this desirable path with the government and increasingly private sector investing in infrastructure and manufacturing, the report said.
"You will see growth peak at around fiscal 2025-26," Joshi said.

The report also said that India will likely see gains from reforms such as Goods and Services Tax. Further, the implementation of the Insolvency and Bankruptcy Code would also help to drive a healthy credit culture.
It said that even with India recalibrating toward manufacturing, services will maintain a strong role in the economy.
The challenge over the next decade and beyond will be to create the conditions for sustained growth and achieving this will likely require structural reforms in 3 key areas -- raise labour participation, especially among women, and boost skills, lift private investment in manufacturing and bolster external competitiveness through FDI, it added.

A massive domestic market, along with gradually improving global competitiveness, is helping India draw foreign investment, the report said.
www.cnbctv18.com

India can become USD 6.7 trillion economy by 2031: S&P Global - CNBC TV18

The macro challenge for India in the upcoming decade is to turn traditionally uneven growth into a high and stable trend, it said, an S&P Global report said
www.cnbctv18.com www.cnbctv18.com
Click to expand...
That's too low. It should be $8-10 trillion in current exchange rates.

Need more reforms :cautious:
 
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www.businesstoday.in

India's per capita income set to grow by 70% to $4,000 by 2030: Standard Chartered Bank report

The Standard Chartered Bank report highlights a possible upward trajectory in India's per capita income and GDP over the years
www.businesstoday.in www.businesstoday.in
economictimes.indiatimes.com

India's core sector growth output at 5-month high of 8.2% in June

The output of India's eight core sectors grew 8.2 per cent in June on an annual basis, as against 5 per cent in May, a government press release stated on Monday. The cumulative growth rate of ICI during the quarter April to June in the ongoing financial year reported 5.8 per cent (provisional)...
economictimes.indiatimes.com economictimes.indiatimes.com
www.livemint.com

India's foreign exchange reserves decline to lowest level in nearly 3 months

India's foreign exchange reserves declined to 49.75 lakh crore in July, while bond yields fell to their lowest level in a month. The goods trade deficit also decreased, but inflation and geopolitical tensions continue to pose risks.
www.livemint.com www.livemint.com
 
www.livemint.com

Can India's economy overtake Japan's by '29?

India's chances of becoming the third-largest economy in the world by 2029 are uncertain due to the challenges posed by inflation and the slow growth of other major economies such as Japan. Additionally, per-capita income is a more important metric to consider in assessing the economic situation.
www.livemint.com
www.moneycontrol.com

India's industrial growth falls to 3.7% in June

In May, industrial growth - as measured by the Index of Industrial Production - had come in at 5.3 percent.
www.moneycontrol.com
 
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