mishra Posted May 26, 2015 Posted May 26, 2015 He is saying it himself lol. BTW this guy is an AAPtard :secret: :phehehe:
mishra Posted May 26, 2015 Posted May 26, 2015 He is also a Mishra :secret: Kejri sold his idea to lots of people. Fool me once.
diga Posted May 27, 2015 Posted May 27, 2015 five more names come out in black money case: Yash Birla, Gurjit Singh Kochar, Syed Mohamed Masood, Chaud Kauser Mohamed Masood and Ritika Sharma. http://timesofindia.indiatimes.com/india/Black-money-Names-of-Yash-Birla-four-others-with-Swiss-bank-a/cs-disclosed/articleshow/47429477.cms http://www.firstpost.com/india/black-money-probe-heres-know-5-indians-swiss-list-2262688.html
amiret Posted May 27, 2015 Posted May 27, 2015 Speaking at NSUI national convention, Dr.Manmohan Singh said : " All is not well on the economy front, the former PM said, adding, 'there is a 'fragileness' in economic recovery under the present government." Agree , but the recovery was fragile under the previous govt too. "Talk of policy paralysis is untrue, when our govt left, India was the second fastest growing economy," Manmohan Singh said. that is true as per the revised GDP figures , India grew at close to 7% during Dr.Singh's last year in office.
G_B_ Posted May 27, 2015 Posted May 27, 2015 I back MMS on the recovery is fragile thing. Exports have not picked up. Usually when the rupee depreciates exports will pick up. The problem for India is exports have fallen. Imports have fallen too as a result of oil falling. Its a long term problem. Indian exports are too reliant on USA and the Europe. With Europe especially not going great guns there are big issues about where your exports goto. This is why its important for Modi to build other economic bridges. This is why he needs to travel the world pushing for Indian exports. One of the key failings of the MMS gov and UPA 2 is that they failed to diversify the export base. India should be exporting a lot more to Africa and South America.
G_B_ Posted May 27, 2015 Posted May 27, 2015 This is from wikipedia You can see Europe (western Europe especially) and USA is where the bulk of our exports go. There is hardly anything in Africa and South American. Thats close to 1.5 billion people you hardly do any trade with.
Texan Posted May 27, 2015 Posted May 27, 2015 This is from wikipedia You can see Europe (western Europe especially) and USA is where the bulk of our exports go. There is hardly anything in Africa and South American. Thats close to 1.5 billion people you hardly do any trade with. All the more important for Make In India to work.
G_B_ Posted May 27, 2015 Posted May 27, 2015 Make In India IMO is just one part of the puzzle. The way i see it Make in India is about endogenous factors making it easy to export via better infra (social, power roads bridges) , tax policies and acquisitions. Its about cutting red tape and corruption and investing in wealth creating projects. This means even foreign firms can chose to set up manufacturing base in India. The exogenous factors are signing FTAs giving your goods preferential access and bringing raw materials to India at a cheaper rate and keeping your currency flexible enough to make your good competitive. Under UPA-1 i feel there was a feeling that things are going well with the global economy. Lets just sit on our **** and do nothing. Under UPA-2 there was a need for reforms post the financial crisis.That never happened.
amiret Posted May 28, 2015 Posted May 28, 2015 Deutsche-Borse survey report “Production declined to a near-two-year low in May. Evidence from the survey suggested that Narendra Modi’s ambitious ‘Make in India’ project is failing to get off the ground,” said the report production declined to a near two-year low in May with the manufacturing sector sounding "least ambitious about their future production plans in May," posting the fifth consecutive decline. Business Standard and HT . Corporate sentiment towards Indian business climate and future expectations have fallen to pre-Narendra Modi levels according to a Deutsche-Borse survey. The MNI India Business Sentiment Indicator — a gauge of the current sentiment among BSE listed companies — fell 2.5% to 62.3 in May from 63.9 in April. “The May report confirms that the trend in business activity is down, with overall sentiment, output and orders all continuing to fall from the Q4 peak,” said Philip Uglow, chief economist of MNI Indicators. This is the lowest level for the index since April 2014. Along with a decline in output and orders, it points to a fall in business activity.
mishra Posted May 28, 2015 Posted May 28, 2015 Make In India IMO is just one part of the puzzle. .. Since Independence, Every leader has been trying "make in India" and has failed. We have loads of manpower (untrained untapped) but we need land for units, infra for transportation and oil & energy to run them units. Just common sense. Every other thing seems achievable as corruption perception Index of India has gone down. Question is how far we are ready to go to acquire land for infra/units ? Bigger problem is why and how leaders of previous regimes (corrupt ones) be trusted when they oppose land bill
G_B_ Posted May 28, 2015 Posted May 28, 2015 Since Independence, Every leader has been trying "make in India" and has failed. We have loads of manpower (untrained untapped) but we need land for units, infra for transportation and oil & energy to run them units. Just common sense. Every other thing seems achievable as corruption perception Index of India has gone down. Question is how far we are ready to go to acquire land for infra/units ? Bigger problem is why and how leaders of previous regimes (corrupt ones) be trusted when they oppose land bill well somebody has to crack the code. bleak future for india if it does not happen. nobody said it was going to be easy.
G_B_ Posted May 28, 2015 Posted May 28, 2015 @amiret i think corporate india is still mired in debt. india needs rate cuts for short term growth. dividends of reforms are long term gains. with this in mind imo gov needs to abandon its fiscal plans and provide a stimulus.
amiret Posted May 28, 2015 Posted May 28, 2015 @amiret i think corporate india is still mired in debt. india needs rate cuts for short term growth. dividends of reforms are long term gains. One of the reasons they are mired in debt because they built up excess capacities when money was cheap and public sector banking regulations were lax. Both the cement and steel industries are suffering from overcapacity but the prices are not declining . This is especially true of cement : -domestic demand is stagnant , -companies have large unutlised capacity, -the companies have comfortable levels of debt - Yet cement prices are resilient and higher compared to China . In my opinion , the Govt needs to stop protecting certain uncompetitive domestic industries from cheaper imports. After successful lobbying the Govt increased import duty on Steel to protect the local industry from chinese imports. Agree with the need for rate cuts but i am sure there are cogent arguments on the other side of that debate. with this in mind imo gov needs to abandon its fiscal plans and provide a stimulus. completely against any kind of fiscal stimulus , though i believe that is exactly what this Govt will do , prodded by short-sighted Corporate india. Let Govt lower taxes instead of engaging in profligate public spending .
randomGuy Posted May 28, 2015 Posted May 28, 2015 i think you can say FDI has been the biggest gainer for India. Stuff like inflation and even GDP India got lucky with relation to oil etc. I can say based on personal expirience my parents who have invested in India are getting emails from the government of bjp ruled states and the central government in invest in these schemes. Ie there seems to a big push to attract more capital to India. Did not seem to happen with the last government. IMO If Modi government manages to push through major reforms in the coming months then its similar to sowing in April and harvesting in Ocotober. These reforms are going to pay major dividends in a few years time. Right said. FDI , low inflation both are amazing for india. both are GoI's achievement but FDI more so, a direct consequence of make in India and of PMs visits to various nations and also meeting leading CEOs there. First sign of recovery will be seen in banking sector(NPA reduction and credit growth) and eventually in capital goods and infra companies ( larger deal pipeline.)
mishra Posted May 29, 2015 Posted May 29, 2015 All of sudden our media is obsessed with China. Every other day, We are being compared with them. Its like Paki media comparing there economy with India. Too big of gap. http://timesofindia.indiatimes.com/business/india-business/Fresh-data-shows-Indian-economy-grew-faster-than-Chinas-in-March-quarter/articleshow/47472951.cms http://www.ft.com/cms/s/0/62ab2acc-0604-11e5-868c-00144feabdc0.html#axzz3bX4jGsQp
G_B_ Posted May 29, 2015 Posted May 29, 2015 One of the reasons they are mired in debt because they built up excess capacities when money was cheap and public sector banking regulations were lax. Both the cement and steel industries are suffering from overcapacity but the prices are not declining . This is especially true of cement : -domestic demand is stagnant , -companies have large unutlised capacity, -the companies have comfortable levels of debt - Yet cement prices are resilient and higher compared to China . In my opinion , the Govt needs to stop protecting certain uncompetitive domestic industries from cheaper imports. After successful lobbying the Govt increased import duty on Steel to protect the local industry from chinese imports. Agree with the need for rate cuts but i am sure there are cogent arguments on the other side of that debate. I agree in general. Re the rate cuts. I think the degree of cuts it the issue. Some say it should be lowered to 6%. That might be a bit short sighted. But there is certainly no harm in cutting them to 7% in the coming quarters. completely against any kind of fiscal stimulus , though i believe that is exactly what this Govt will do , prodded by short-sighted Corporate india. Let Govt lower taxes instead of engaging in profligate public spending . India already has one of the lowest tax to gdp ratios in the world. Its a regressive move. Better government start spending on infrastructure. India will need infra. I am not talking about lending money via the banks. I am talking about building roads bridges and other items. Will take care of the stagnant cement demand as you said. I dont think the PPP model is the way to go right now.
G_B_ Posted May 29, 2015 Posted May 29, 2015 Data shows Indian growth outstrips China's but economists doubtful http://in.reuters.com/article/2015/05/29/india-economy-gdp-idINKBN0OE1ES20150529
G_B_ Posted May 29, 2015 Posted May 29, 2015 Foreign Direct Investment in India Up 61% since Last Year Attracting FDI, or foreign direct investment, was one of the key promises made by the now one-year-old Narendra Modi–led government. Has the government kept its promise? According to data from the RBI (Reserve Bank of India), India attracted foreign direct investment worth $34.9 billion between April 2014 and March 2015, or fiscal year 2015. This quantum was up 61.7% from the previous fiscal year. It appears that Modi’s trips abroad are working, and that his schemes and plans have attracted foreign direct investment into the country. Foreign direct investment by country Mauritius continues to be the country contributing the single-largest share of the foreign direct investment pie. According to data from the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, FDI equity inflows from Mauritius amounted to $8.4 billion between April 2014 and February 2015. With data for March 2015 yet to come, this amount could nearly double the $4.8 billion that came from the country into India in fiscal 2014. FDI equity inflows from Singapore trailed Mauritius, with $6.4 billion in the fiscal year until February 2015, up from ~$6 billion in all of fiscal 2014. Inflows from the US have more than doubled to $1.7 billion, up from $806 million in the full-year ended 2014. FDI equity inflows from France have nearly doubled as well. Meanwhile, inflows from the United Kingdom have fallen by over 60%, down to $1.2 billion between April 2014 and February 2015. In the previous fiscal, the UK invested $3.2 billion in India. Sectors attracting foreign investment The services sector, which includes companies such as Infosys (INFY) and Wipro (WIT), attracted ~$2.9 billion in foreign direct investment between April 2014 and February 2015. Telecom is also a clear beneficiary, with $2.8 billion invested during this period, up from $1.3 billion in the entire previous fiscal. Computer software and hardware saw FDI equity inflows nearly double, from $1.1 billion in fiscal 2014 to $2 billion in fiscal 2015 up to February. Drugs and pharmaceuticals (RDY) and the automobile industry (TTM) in India are other sectors attracting foreign direct investment (INDY) (EPI). Clearly, foreign investors are looking at India as a viable investment destination. Speaking of investment, let’s see if India-related ETFs have attracted any inflow this past year. https://marketrealist.com/2015/05/foreign-direct-investment-india-61-since-last-year/
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