GDP question good question?
Data? Haha ... India is still developing but a long way to go so good clean data is hard to come by, even if it exists. Around here we use heuristics.
- Mumbai's economy surpassed entire Pakistan's economy recently at about $ 1/4 Trillion, nominal. In all candour, Mumbai today is a Pune-Mumbai-Thane-Amdavad biz. agglomeration. So the numbers can scale upto $ 1/2 to 3/4 Trillion. Pls., Af-Pak. biz. agglomeration is not the same.
Mumbai's old $ petro, Bollywood, auto and BFSI ans scores of other industries went Global in the past 10 yrs. and their net worth has amplified multiple times. This Mumbai based Globalisation wave has carried all of Mumbai MMR in it's wake, and often much of the rest of India.
Newly Renovated Bombay High Oil Fields, Mumbai's Economy
- Produced $ 1/2 Trillion ($'s 506, 907620000 Billion) worth of crude since 1975 with most of the fabrication, operations and refining centered around Bombay. Oil is a the largest chunk of Mumbai's economy even today including import, export, marketing and distribution.
Think world's richest oil tycoon Ambani and his $ Billion house,
Mukesh-bhai's House, Mumbai
Tata's JLR, Corus takeovers and it's TCS arm alone valued at $ 80-100 Billion (combined market cap of Indian IT is close to $ 200 Billion), Slumdog Millionaire cleaned up the Oscars some yrs. ago.
Concept Tata Jag., Mumbai based Tata Owned
Bandra-Kurla Complex, Mumbai's New Financial District
India's 12'th plan's got a $ 1 Trillion infra. expense. Boom plan, runs to 2017.
In the infra. biz in India, $1, of labour, sand, cement, steel & land, goes far, upto 10-25 times.
I was thinking, Indian aggressive and paranoid conditioning is rooted in it's infra. deficit.
I noticed metro rail travellers in posh Delhi colonies are easy going because of options of good roads, air-conditioned and other private buses, auto's, cars, bikes and scooters, while on the outskirts where retired, chassis-on-truck-bed type buses rule the roost; the crowd is even more aggressive and edgy then their erstwhile city brethren. India's infra. is spreading radially from it's mega cities, so Mumbai-Pune or Mumbai-Amdavad or Delhi-Jaipur or Delhi-Agra first and then Mumbai-Hyderabad or Delhi-Lucknow. I know these stretches are already done road-wise.
Soon things will be less mental.
So it's a $ 10-25 Trillion infra. push
!
- India's infra. story is already big, it will be the biggest marketing makeover for India because India is coming up with over-the-top infra. in the coming years and it shows on this thread. The smartphone enabled world has instant access to pretty pictures now and thanks to the infra. push and English language, IT savvy Indian media, Indian content is going big via the internet. Bollywood is all over the internet far more then it ever was in the Global print media. The pic.'s on our thread here are like a peek into the future, in 5 yrs. all India should look like that.
Howzzat ? - India asks World Bank to ensure infrastructure development finance
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India has asked the World Bank and other multilateral development banks to create special windows for ensuring finance for infrastructure development, which should include provision to help projects that face a sudden scarcity of funds due to volatile capital flows.
“Special windows need to be created in the World Bank and other multilateral development banks (MDBs) for ensuring finance in support of infrastructure development, including provision of finance for ongoing projects, which face a sudden scarcity of funds owing to volatile capital flows,” Finance Minister P. Chidambaram said during his intervention at the G-20 meeting of finance ministers here on Friday.
“Access to this window should be beyond the normal country limits, which otherwise introduce inflexibility,” Mr. Chidambaram said.
The aim of such a provision should be to create mechanisms which can increase the flow of infrastructure financing at times when other investments are slowing down, he said.
“We should also have a greater involvement of the IFC in infrastructure financing to help catalyse private sector flows into the sector,” Mr. Chidambaram said.
Underscoring the critical role that investment, particularly in infrastructure, can play in sustaining the global recovery and re-balancing, Mr. Chidambaram said larger investments in infrastructure in emerging markets would increase the potential of these countries to grow more rapidly in the medium run, and would also contribute to a much needed global demand in the short-run.
Welcoming the proposal to set up a new and dedicated financing facility called the Global Infrastructure Facility at the World Bank to serve the financing needs for infrastructure, particularly in emerging and developing economies, he said India would like to see the detailed proposal for its establishment with specific timelines by the December deputies meeting.
Mr. Chidambaram said the G-20 is well placed to coordinate various stakeholders, including governments, especially the ones that have large surpluses, the private sector and multilateral development banks for investment in developing countries through innovative ways to recycle global savings and development of viable strategies that overcome the presumed hurdle of ‘lack of enabling environment’ for infrastructure investment.
(c)
http://www.thehindu.com/business/Ec...ucture-development-finance/article5228989.ece
The pic.'s of dozens of Chinese HSR's in train yards are out of this world already. Similar to old school pic.'s of the space shuttles, Apollo moon rocket, Manhattan skyline, Concorde supersonic passenger planes, French TGV etc.
Music to my ears:
Il Volo - 'O Sole Mio - YouTube
