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India Developing, but still a long way to go

Andhra is dominated by Chowdary's (KAMMA) financially and recently politically.


It will take years to make Vijayawada or Vizag like Chennai and Hyderabad. Hope Chandra babu fulfills aspirations of Andhra people.

^^
years ? years only. That's good news!
  • Chennai, Hyderabad are both more or less 400 yrs. old.
I was thinking if congress run Allahabadi 'Indians' can pop-up a city of 10's of millions re: Kumbhh @ last year all within a couple of yrs., what Andhra and Hyderabadi 'Indians' will actually put up.

On topic, I have a thought re: the Nizam, specially the fabled riches. We all know he was Top 10 richie-rich, historically.
Diamond mines, the only ones in the world, were the source. Fair enough. But 2 points stand out:
  1. The Nizam is among the last and latest of the mega richie-rich's to survive till now, the Royals of India including the Nizam's were not butchered, guillotined or bayoneted like the royals of France or Russia. The other 21-gun salute states are J&K, Gwalior, Mysore and Baroda; hopefully as rich too. There were other's too, Bahawalpur or the Aga Khan for eg.

  2. So all this wealth diluted but not by much because with the advent of the new, post WW-II, nation state, stuff of fables like Mughal Gardens, Palaces and fleets of Rolls-Royces, large scale land acquisition and bling-bling bs went out of fashion. Instead of Palaces, India got wall-to-wall commie-block condo housing for the middle class. Much of the royal wealth either remained, grew organically, was invested in industry re: govt. policy or flew overseas. Royals went into politics and business for protection.
Question is: Wealth is liquid, flows all over with nominal bias. So if 1 Nizam is worth say ~ $ 1/4 Trillion in today's money ... hehe ... what is that in purchasing power parity? More important, what about the Nizam's Vizier's, Nazir's, Sultan's, Khan's and the other branches of other royal houses? If the Nizam has $ 1/4 Trillion, the Vizier was worth what? $ 50, $ 100 Billion? Others, 10's.

As India boomed, the bottom-of-the pyramid came out of starvation; but the top-of-the-pile went right through the roof. India's even sprouted an middle class, merit driven, American style IT and other $ Bilionaires, meaning traditional wealth has not only amplified but phenomenally, trickled down to the newly minted middle classes and onwards to the lower classes. The Republic of India's processes of divesting Royalty, limiting the army, defrocking the clergy, and nailing feudal landowners while promoting an educated, egalitarian and secular system paid off. Modi can empower entrepreneurship by delimiting traditional merchant princes like the Tata's, Birla's, Habib's and Adamjee's. A new wave of tiny, small and medium neterpreneurs will take India to the next level. As India steps into China's shoes in manufacturing, manufacturing itself is becoming a distributed business re: computerisation of manufacturing. Desktop prototyping, digital marketing, better logistics, access to markets, competition mean mega-facotries and miles-upon-miles of assembly lines are old news.

India's broad middle-class and export driven economic boom has concentrated and amplified India's fabled riches. No new Taj Mahals, but IT Parks did. IT Parks are India's new temples.

The Gulf was a prime investment destination for Hyderabadi and let's say Lebanese money and intellect, and man what a petro-dollar payback. Not Shia Iran. And unlike Lebanon, no war in Hyderabad after Operation Polo, and even in that the Nizam didn't waste much money but went with ground realities. If I'm thinking right, there's some serious, $ Petro Trillions, in Hyderabad and the systemic, legal process driven, govt.forced, trickle-down effect forced the top-of-the-pile to include more and more form further-down-the-pyramid while their own assets were Globalised and turned towards industrialisation and development vs. jewels and land holding's, obviously in their own backyard and the neighbourhood $ petro Gulf world. Hyderabadi investment had a natural in on the Gulf and India, the world's hottest investment destinations :) !
 
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Mumbai Metro. Latest Pics from skyscrapercity.com

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Pssst ...

Indian Stock Market has shot up to $ 1.5 Trillion plain vanilla greenbacks.

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I beleive in Purchasing Power Parity (PPP) aas set by the UN. India is already Global Top 3 per PPP by the UN, IMF, CIA and World Bank. Link: List of countries by GDP (PPP) - Wikipedia, the free encyclopedia

However, I have argued that India's infrastructure deficit is it's primary drawback. India's PPP is it's infrastructure PPP deficit. I have further argued that infrastructure input is more PPP $1 to $ 25 re: bricks-mortar-steel-labour-land-tech. costs.
  • $ 1.5 Trillion x 10 to 25 = $ 15 to 37.5 Trillion. Let's average it out to $ 26.25 say about $ 25 Trillion.
India's sunset energy imports Vs. sunrise exports, demand and export driven economy and dynamic leadership means India is well on it's way to the top slot, if not already there. With room to grow re: China's upcoming leveling out! The only other player is saturated US, with nominal growth Vs. China and India. Word on Dalal St. is sensex smashing 100,000, there's talk of a 15 yr. bull run. In the long history of optimistic, bullish Bombay Stock Exchange Vs. pessimistic, bearish Calcutta stock Exchange the former stood for growth where the blue eyed Tata-Godrej-Wadia's let johnny-come lately's like Ambani, Shangvi and Adani to come up and make it, the latter stood for short selling bad enough for thier leading house Birla to move to Bombay. Bombay ran the market up cashing in on the up-and-up, Calcutta ran it down, shorting it on the down-and-out.
  • Hawala Vs. badla :woot: !
Modis' leader of the hawala pack with some the most under-valued mega-corp.'s like Tata, Wipro, Adani etc. leading the pack. Interestingly, decades of communism has wiped out the post colonial Calcutta houses. Check the Modi Inc. groups holdings and get a taste of where India's headed. Time to buy mid-to-medium Indian Infra. stock. Once-in-a-lifetime chance to get into the world's last and largest market.
  • Bill Bonner:

    " If you go back to 2000, you see that everybody’s favorite market – the US – has risen about 50%. That’s the S&P 500. Compare that to the Bombay stock exchange. The BSE 30 rose 600% since 2000. And the fundamental conditions have not changed. India is young and poor. America is old and rich. Which one will grow most in the next 10 or 20 years? Probably India.


    - for The Daily Reckoning Australia
Must see, Toronto HQ'd Thomson Inc. Reuters division Modi vid.:


Supercarclub Kolkata

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https://farm4.staticflickr.com/3836/14190363699_ccb27ff064_b.jpg
 
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Nice, ppl. were saying this is cancelled sometime ago. Cynical Congress party days I guess.

Time permitting, this vid. is a must see, touched my heart:


Indian nobel laureates bring you the internet, the cell phone and super-computers.
The future is even more Indian re: quantum electronics, that's were digital electronics is moving. Nano-technology related.
3-5 physics Nobels.

Indian's are among the founding fathers and remain masters in quantum physics. Think Bose-Raman-Saha-Bhabha-Sarabhai- ...

The legal, legitimate Indian nuclear program makes sure excess physics graduates don't run aground. To wit: Indian IT industry, chip design engg. , carrier grade optic fiber network design (I could go into layer-by-layer detail;), outsourcing industry like big data or cloud computing etc. soak up these physics guys. Just like Silicon Valley.
 
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