crictime Posted May 12 Posted May 12 10 hours ago, singhvivek141 said: Actually its reverse. You need to stock up the finances and increase the investments...but not in Golds but rather Govt backed Gold Bonds or virtual Gold. Real Gold agar India me rehta to it would had made sense. But India me Gold reserves bahut kam hai. Indian families have real gold, some might have just few thousand of golds, some might have 50 lakhs of gold and some even crores fo gold. And I am talking about middle class families here. The amount of physical property and gold Indian families have is enormous in terms of value. Rupee fell by 35 paise to hit record low of 95.63 against USD amidst macroeconomic factors. Let us consider normal happenings. A. Auspicious days in Hindu Calendar year - Personal Investment In Hindu calendar year we have two major auspicious days when gold is purchased since ancient times. 1. Gudi Padwa - Comes in Shudh Pratipada in Chaitra Mahina 2. Dhanteras - Comes on 13th Lunar day in Krishna Paksha People have been buying gold every year on these two days and the amount of gold many people have is now in lakhs and crores. People are already invested and made great returns in gold. Those who have been doing this since years have atleast 70 lakhs to 2 crores in gold value alone. And this is middle class society we are talking about. When a middle class family see such returns, no way he is going to stop buying gold on next auspicious days in Hindu calendar year. B. Auspicious events in family and relatives. - Auspicious Gifts to others When new born is born or someone marries in Hindu family, almost everyone gives gold during such occasion. And there is atleast one such event every year in family or relatives. You cannot give virtual gold (SIP based). Gold is considered as pure and hence we gift gold to our relatives, don't we. GOLD SIP or Gold Units do not carry this purity factor at all and do not fit the utility and idea of gifting in Hindu traditions. C. Investment in Property and Gold: One cannot keep lakhs and crores lying idle at home, you have to invest either in two costliest assets (property and gold). Both are very safe and high returns. People have made fortune in it. The one who has made fortune by buying two properties will look to buy third property, the one with three properties will buy 4th property, the one with 5 properties will buy the 6th property and so on. Similary one who has 10 gms of gold in next few years, someone with 20 gms of gold will add 30 gms in next 10 years, someone with 40 gms of gold will buy 70 gms of gold in next 15 years and so on. Why? Because he has seen value of these two asset class increase to such a proportion. To prosper is mans default nature and so will it continue through means of investment. One will simpy not convert his 10 gms to 200 gms of gold in government bonds. Physical gold looks good on fingers, in chains, necklaces, earrings, kada. Why do people wear it? The purity aspect of gold in our rich Hindu culture. The rest of gold can lie in bank safe vaults. One cannot wear Virtual Gold. Yes, one can have few grams in Virtual Gold but majority of it will always be in physical form. We do not need a coalition government , be it of BJP led coalition along with TDP, JDU, Shiv Sena, JSP, etc or Congress led governments in past with their coalition parties to tell us what to do and what not on auspicious days in Hindu culture. Indians are so emotionally attached to cricketer, Bollywood and politicians that they blindly follow what a 40 year old or 80 year politician says, be it from any party, but forget the real Hinduism and Hindu traditions since thousands of years. This is a travesty. This is the actual decline of Hindusim, forgetting how and why multiple Indian Hindu families have got ultra rich because of the longs standing investment strategies since past 100 years. The wise will continue to invest in real things like bricks (Property) and yellow shiny metal (Gold) ignoring what a coalition party will say. Come Gudi Padwa or Dhanteras and see Hindus purchase more gold, probably more by those who managed to save more money this year than the past.One day some government will say do not buy this asset class. When our Hindu culture is so enriching with established strategies for success in all aspects of life, why do we need 10th fail or 15th community class folks with no finance degrees to tell us what to do. Many of the families have 3 to 20 year old in family or relatives who can recite more Mantras and Shloks than these 40 or 80 years politicians with fake Hinduism. To learn Hindusim from them is the last thing a real Hindu will do. What governments need to do is question the Finance Minister, their other ministries on the real issues people need a solution do. Do not wear Nike, do not drink foreign liquor, do not buy gold, do not buy property, don't do this and that is none of their matters. As longs as Indians are law abiding and paying taxes on property and gold they purchase the government should just count the tax money they get due to such high value purchases. Instead introspect the performances of ministries and stop questioning a prosperous common man who votes for you every five years. Do your work more diligently and efficiently. Do not try to manage other peoples savings. Neither you are aware of Hidnu traditons as much as others are, nor are you having enough degrees nor certifications in finance.
IndianRenegade Posted May 12 Posted May 12 First Covid, then Putin screwed up with Ukraine invasion, then Tarrifs, now Iran war. Looks like we can’t catch a break.
kepler37b Posted May 12 Posted May 12 6 minutes ago, IndianRenegade said: First Covid, then Putin screwed up with Ukraine invasion, then Tarrifs, now Iran war. Looks like we can’t catch a break. Rent is the main thing. Real estate is hyper inflated 1234sqft box in the sky, with a accessible naala and a landfill costs 1.234Cr Japanese growth has been inhitbited by overheated real estate price. By that time Japan had reached upper middle income. India's growth is already being compromised for the same reason. Unless there is a systematic reset with unprecedented real estate bloodshed in banking sector this is not going to change. singhvivek141 1
kepler37b Posted May 12 Posted May 12 On 5/10/2026 at 10:20 PM, rangeelaraja said: Super proud to be a member of the much maligned NRI community that does its bit to wire 135 billion dollars annually via remittances to ensure that India will never ever fall short of forex. For all those agyaanis who ask for a bold stance and “ self respect “ against Uncle Sam , be aware that over 40 billion dollars of annual remittances come from there and almost entirely sent by the hardworking H1B professionals who toil and remit money either to invest in India or to provide for their families. Act oversmart or stronger than you are, and that tap can be turned off - it is a sad reality - especially in the current environment. NRI money has also inflated real estate to beyond astronomical levels. And this is impacting the growth of industry very much.
rangeelaraja Posted May 12 Posted May 12 52 minutes ago, kepler37b said: NRI money has also inflated real estate to beyond astronomical levels. And this is impacting the growth of industry very much. That is mostly false. The reasons are more complex and multi fold. But the 2 biggest reasons are 1.low FSI ( compare the FSI of major Indian cities to global cities ). 2. use of real estate to park black money.
singhvivek141 Posted May 12 Posted May 12 1 hour ago, kepler37b said: Rent is the main thing. Real estate is hyper inflated 1234sqft box in the sky, with a accessible naala and a landfill costs 1.234Cr Japanese growth has been inhitbited by overheated real estate price. By that time Japan had reached upper middle income. India's growth is already being compromised for the same reason. Unless there is a systematic reset with unprecedented real estate bloodshed in banking sector this is not going to change. Root cause of every issue in India is Same = Overpopulation. Our number should have never crossed 80-90 Crore.. and thats where a decline is in urgent need as we are reaching dangerous numbers. No matter how much we stretch, it will never be sufficient for our population. BacktoCricaddict 1
singhvivek141 Posted May 12 Posted May 12 15 minutes ago, rangeelaraja said: That is mostly false. The reasons are more complex and multi fold. But the 2 biggest reasons are 1.low FSI ( compare the FSI of major Indian cities to global cities ). 2. use of real estate to park black money. Bro...some truth as well. NRIs usually earn more than an avg Indian. Hence they have fatter purse to shell. Almost everyone in my society who is a NRI has pays higher price for rent in comparison to Indian individuals. Hence the avg rent cost keeps on increasing, a 1100 sqft 2 BHK is now rented at 45-50k and sometimes even at 55k. It used to be 30-35k in 2022. Black marketing in real estate is true though.
Nonbeliever Posted May 12 Posted May 12 This loudmouth prime minister did nothing in last 12 years apart from fooling the already dumb public through sold out media. We have the most polluted water. One of the most polluted air. We are eating poisonous agriculture products. Our government Babu are the most corrupt and this government has now become a washing machine for corruption. They can make chief minister out of people who are caught taking bribes on camera. People are dying in buses, boats, dams, trains ipl celebrations without any accountability whatsoever. Even students are dying drowing in basements. What exactly this prime minister did on above fronts. And then there are shameless jokers praising this non biological 11th incarnation of lord Vishnu, who is just reading scripts written by his master's. Just becaus congres was corrupt does not make BJP a saint. They were already corrupt and this dumb public and bhakts have made them even more dangerous than congress.. MechEng and G_B_ 1 1
crictime Posted May 12 Posted May 12 48 minutes ago, Nonbeliever said: This loudmouth prime minister did nothing in last 12 years apart from fooling the already dumb public through sold out media. We have the most polluted water. One of the most polluted air. We are eating poisonous agriculture products. Our government Babu are the most corrupt and this government has now become a washing machine for corruption. They can make chief minister out of people who are caught taking bribes on camera. People are dying in buses, boats, dams, trains ipl celebrations without any accountability whatsoever. Even students are dying drowing in basements. What exactly this prime minister did on above fronts. And then there are shameless jokers praising this non biological 11th incarnation of lord Vishnu, who is just reading scripts written by his master's. Just becaus congres was corrupt does not make BJP a saint. They were already corrupt and this dumb public and bhakts have made them even more dangerous than congress.. Every government is similar. The difference is BJP and the alliances have a better strategy against adversaries. The qualification of ministers in various government is very low, whichever coalition forms the government. Corruption and black money continues to be there. The lack of merit based system in all aspects is there for all to see. The fundamental drawbacks or weaknesses which has kept India backwards are still very much same. What we have now though is much educated population with brilliant minds and an aspiration to drive the change as compared to that in 1991. Whether the government taps this shift in better intelligence and more hard working populace remains to be seen. For that the performance must also be demanded by people from the Central and State government employees. Accountability goes missing whenever key projects fail and major incidents keep repeating. Learning is not the forte of our governing bodies. The economic reforms of 1991 dismantled the license raj. iirc that was India's New Economic Policy (NEP) of 1991 by FM Dr. Manmohan Singh. It was triggered by a balance of payment crisis and it did end a era of sluggish growth. That was what Congress and their coalition parties did a great job. Now, with trade taxes, India has a chance to make policies that complete the unfinished business of liberalisation of 1991. In 2019, India withdrew at the last minute from the Regional Comprehensive Economic Partnership.. Neither the government pushed the Trans-Pacific partnership further. But now the FTA deals with many countries have been in the right direction, especially the 'mother of all deals' with EU. The US taxes are down from 50 to 18% but at the cost of 'No Oil from Russia'. We have to shift from 'make in India' to 'Make for the World'. For that the quality of Indian products will have to improve. Our current share of Global Trade is a very low 2.5 %. Our R&D spend is a disgusting 0.6 percent of GDP. In 1991, the transformation was triggered by necessity. Today, opportunity should be used as a trigger for transformation. GoldenSun and Lord 1 1
someone Posted May 12 Posted May 12 It’s good to hear the main leader clearly talk about it. Everybody got to take some preemptive measures. Many middle class, those with money to burn, are spending big to just maintain their social circle, including unnecessary luxury things & experiences. Ultimately, have no real savings. It’s a global phenomenon, not just India despite their relatively high income.
Lone Wolf Posted May 12 Posted May 12 (edited) 18 hours ago, singhvivek141 said: Now just thinking, how does it affects our defence procurements. Is thats the reason Rafale and P75I not yet signed, specially Rafale which is a damn expensive deal. Will this be the pivot which might force us to go for Su57 in limited numbers instead of Rafales. Anyway Su57 with its weapons package is still less costly than Rafale Navy can still manage the submarine threat courtesy of P8Is and other ASWs. DRDO AIP trials may also be pushed to ensure other Scorpenes are powered as well. But IAF is really in a non negotiable position.They are buying scrapes to get the spares to keep Jaguars alive for few more years. Maybe, just maybe....if nothing works then new orders for upgraded Su30MKI can go through in 100 or 120 numbers to keep the squadron strength. Production line is reactivated and the newer 12 airframes are being constructed keeping in mind the "super sukhoi" requirements. I won't be surprised if more orders come through, considering the versatility of this platform @Lone Wolf, @G_B_ I don't think both P75I and Rafale deal will be stalled. P75I will definitely be signed this year.. It's happening. Likes of Vietnam Indonesia are spending big on modernising their armed forces and we are literally 5th largest economy still so there is enough there it is to fund a two decades old program which has been stalled by this adminstration. Rafale is Directly linked with Safran.. and French have us in a corner. No Rafale means no Safran co production assembly line or whatever they are upto. As per Vishnu Som IAF is very satisfied with Rafale and what it offers including the weapons package and its EW warfare capabilities that IAF currently lacks big time. Think these two major deals will go ahead. Badly want the MKI production line to start but with no CCS clearance still on upgrading MKIs.. I don't think it is happening anytime soon. Edited May 12 by Lone Wolf
randomGuy Posted May 12 Author Posted May 12 6 hours ago, G_B_ said: Its just a common sense guidline. AI hurts India's ITES, GCC, BPO sectors. West Asia war hurts by oil, gas price rise and by potential remittances decrease. It is kind of a perfect storm.
kepler37b Posted May 12 Posted May 12 7 hours ago, rangeelaraja said: That is mostly false. The reasons are more complex and multi fold. But the 2 biggest reasons are 1.low FSI ( compare the FSI of major Indian cities to global cities ). 2. use of real estate to park black money. Wrong. In Hyderabad, the real estate is driven by NRI's. They are the end non-investor consumers. They come down buy an apartment with $300k and then push their ailing parents into these abominations. Hyderabad has High FSI, but still the prices have not come down. Everything in hyderabad if f*king costly due to this money. I wish they can put that money in stocks and bonds which would lead to improvement of our economy.
kepler37b Posted May 12 Posted May 12 (edited) 6 hours ago, Nonbeliever said: This loudmouth prime minister did nothing in last 12 years apart from fooling the already dumb public through sold out media. We have the most polluted water. One of the most polluted air. We are eating poisonous agriculture products. Our government Babu are the most corrupt and this government has now become a washing machine for corruption. They can make chief minister out of people who are caught taking bribes on camera. People are dying in buses, boats, dams, trains ipl celebrations without any accountability whatsoever. Even students are dying drowing in basements. What exactly this prime minister did on above fronts. And then there are shameless jokers praising this non biological 11th incarnation of lord Vishnu, who is just reading scripts written by his master's. Just becaus congres was corrupt does not make BJP a saint. They were already corrupt and this dumb public and bhakts have made them even more dangerous than congress.. People themselves are selfish. Nothing is going to change even if CCP rules this land. Edited May 12 by kepler37b
G_B_ Posted May 12 Posted May 12 1 hour ago, randomGuy said: AI hurts India's ITES, GCC, BPO sectors. West Asia war hurts by oil, gas price rise and by potential remittances decrease. It is kind of a perfect storm. Ai is yet to impact it. West asia will impact in short term.
gattaca Posted May 12 Posted May 12 2 hours ago, randomGuy said: AI hurts India's ITES, GCC, BPO sectors. West Asia war hurts by oil, gas price rise and by potential remittances decrease. It is kind of a perfect storm. Sikka wanted infosys to be pioneer in AI alas Nandan nil and Murthy kicked him out. diga 1
diga Posted May 12 Posted May 12 Just now, gattaca said: Sikka wanted infosys to be pioneer in AI alas Nandan nil and Murthy kicked him out. Their stake in open AI itself would have been worth a few billion dollars
G_B_ Posted May 12 Posted May 12 I think reading around looks like modi expects something big to happen re iran. Trying to prep india
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