Indian Economics Thread II

[xypher]

Appreciate your honest analysis.

I wonder if Modi is deliberately trying to scapegoat Muslims and uniting India against China as a way to further consolidate an authoritarian government to push through unpopular changes? I mean he just arrested Rahul Gandhi so perhaps he's thinking the same the India needs more authoritarianism?

Competent autocrats can boost development in short spans since they have enough power to pass through unpopular reforms and make changes quickly to lure in & accommodate manufacturing, investment, etc. but your average run-of-the-mill dictator is probably just going to embezzle all the wealth to himself and his clique of friends. Modi and BJP are so far looking like the latter, plus their Hindu supremacist stance would further fracture India across the religious lines if their power is unchecked.

 

[Africablack]

India's savings rate is close to 30%, which is not bad. Is it not being leveraged properly?

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This. Democracy is the biggest scam sold by the west to the third world.

Taiwan, SK, Japan (Meiji, US Occupation), Singapore, China, Germany (Bismark, US occuption) all did their "catch-up" to middle-high income status under authoritarian / semi-authoritarian rule.

The exceptions were US and GB, two countries that were blessed with the best geographical situations amongst their peers.

The US was not a democracy. It suppressed the rights of people who weren't white landowning males for much of its history. It gradually expanded franchise after its industrialization.

 

[proelite]

The US was not a democracy. It suppressed the rights of people who weren't white landowning males for much of its history. It gradually expanded franchise after its industrialization.

True. It was also blessed with the best geography and essentially had no competition within their hemisphere.

 

[Ash46]

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Indias overall exports crosses an all time high of 750-billion


Ignoring the overtly optimistic statements of minister, I'd say this number is rather positive

 

[vincent]

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Indias overall exports crosses an all time high of 750-billion


Ignoring the overtly optimistic statements of minister, I'd say this number is rather positive

How much of that is refined petroleum products?

 

[CMP]

How much of that is refined petroleum products?

I would think most of it.

 

[luminary]

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Times of India

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TACT (NL).

We are seeing exponential growth spreading out from Maharashtra, the epicenter of XBB.1.16 in India. It appears to be tearing down the immunity wall with multiple new mutations.

 

[CMP]

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Times of India

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TACT (NL).

damn. i was hoping that all this crap is over.

 

[Ash46]

How much of that is refined petroleum products?

If you wanna take a deep dive. The data is for April to December so not full year though.

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• Non-petroleum and non-gems & jewellery exports during April-December 2022 was USD 233.50 Billion, as compared to USD 229.95 Billion in April-December 2021.

• The estimated value of services export for April-December 2022* is USD 235.81 Billion as compared to USD 184.65 Billion in April-December 2021.

 

[vincent]

If you wanna take a deep dive. The data is for April to December so not full year though.

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Thanks. So most of the increase is in petroleum products.