India Developing, but still a long way to go

[TheGujju]

As a side note, I am sure a lot of people are wondering why UPA and Dr. Singh in particular, failed miserably. I dug up some very interesting and thoughtful articles on that subject:

Why Manmohan Singh failed: The inside story from his most trusted aide, Sanjaya Baru : Cover Story - India Today

Why Manmohan Singh failed: neta who remained a babu - Firstpost

Manmohan Singh will be remembered as a failure.

 

[sarthak]

Indian economy has been rising in rupee terms,but it was sad to see it in a way remain stagnant in dollar terms as if it was not even growing. Depriciation of rupee hit us hard for sure.
Lets say if rupee,just like in 2011 has been around 45/$, Indian economy today would hv been around $2.7trill ,7th largest in the world and perhaps 6th largest by 2015,but now it would become 8th largest by 2015 & 7th largest by 2017.that sucks,it simply cost us 3yrs.

It doesn't work that way. It hasn't "costed" us anything. Rupee is a floating currency and no one knows its fair value just like any other floating currency. Swings like these tend to happen all the time. If the Indian government wants, it can make the value of rupee rise to 40/$ simply by exhausting a lot of foreign currency and buying back rupee. That won't make the economy any stronger than it is now. I'm sure people in the central bank know exactly what they are doing. They won't keep the rupee strong just so India's rank can rise on a wikipedia list. 45/@ was too high for the rupee and would have killed exports

 

[Judge]

Hopefully at the end of these 5 years we will have many more such projects to gladden our hearts.

 

[Nova2]

It doesn't work that way.

It hasn't "costed" us anything

Rupee is a floating currency and no one knows its fair value just like any other floating currency. Swings like these tend to happen all the time. If the Indian government wants, it can make the value of rupee rise to 40/$ simply by exhausting a lot of foreign currency and buying back rupee. That won't make the economy any stronger than it is now. I'm sure people in the central bank know exactly what they are doing. They won't keep the rupee strong just so India's rank can rise on a wikipedia list. 45/@ was too high for the rupee and would have killed exports

No 45 wasn't too high,it had remainded around 45 for the past one decade,it would have been high if rupee was apreciating from mid 50 figure back to 45, which wasn't the case. Depriciating rupee effects our fiscal health and increases our CAD.
A sharply declining rupee triggers inflation, broaden the current account deficit, hits investor sentiment and creates burdens for organization with high exposure to foreign debt
Buying imported materials will become very costly. A weak rupee will create extra stress on Oil Marketing Companies (OMC) and this will surely be passed on to the consumers
If the OMCs increase fuel prices, there will be a substantial increase in overall cost of transportation which will trigger inflation.If the depreciation is steep and without control, it will strike up inflation. As a result the Central bank would have very less room to impose further rate cut and that’s the burden the borrower would have to bear.
I dont care where India would have stood on wikipedia ranking,but those ranking are not just made to make someone happy,they show where your country lies on the global scale,if you keep rising every year it shows improvement in your economy but if it remain's stagnant for years there's something really wrong that country's economy,and that's what the case was with India.You dont simply dump your $300bill reserves to strengthen your curreny bro,your try to come up wid reforms required to stop rupee from falling furture, in the first place,nothing as such happend in the initial stages,when rupee was falling.Apreciation of rupee now for sure wouldn't be feasible as it makes our exports expensive,but that wasn't the case back in 2010-11.Global financial institution have fcuked up in the near past ,2008 & 11 ,RBI is/was no exception,they made mistakes aswell.Now things look better as RBI has learned from it's past mistakes and made required improvements,well that is what they say. If the govt would have come up with stuctural reforms back in 2011 rupee woudn't have fallen so low,intial stuctural reforms would have created a better Investor sentiment that would have helped rupee aswell,but... ! I dont see how rupee at 45 was high in 2010& 11 when it hovered around that figure for a decade. I dont say rupee shouldn't fall at all, but a steep decline of 23 rupee in 3yrs was no less than a disaster.

 

[patentneer]

Indian economy has been rising in rupee terms,but it was sad to see it in a way remain stagnant in dollar terms as if it was not even growing. Depreciation of rupee hit us hard for sure.
Lets say if rupee,just like in 2011 has been around 45/$, Indian economy today would hv been around $2.7trill ,7th largest in the world and perhaps 6th largest by 2015,but now it would become 8th largest by 2015 & 7th largest by 2017.that sucks,it simply cost us 3yrs.

^^^
India Real Economy

(c) [/URL]

(c) youtube]xoWBychmqeQ

 

[patentneer]

Ineffectual fools like MMS ruined it for us. I do not care about his Oxford education, his inability to take decisions cost us DEARLY

^^^

This vid. answers your question. Also, how a Modi-fied India dominates Pakistan and how it will match China.

(c) youtube

Karnataka New Industrial Policy Targets Rs 5 Lakh Cr.'s Investment

/That's a whopping PPP $ 800-1000 Billion; about Pak. 10 Lakh Cr.'s or $ 83.33 Billion strgt.
If that's what's going on state-by-state then that's out of this world.

BANGALORE: The Karnataka Cabinet today approved a new industrial policy for 2014-19 with an aim to attract investment of up to Rs 5 lakh crore and create around 15 lakh jobs in the state.

"New Industrial policy will be in force from 2014-2019. We had discussed it in the last cabinet and ministers were asked to give suggestions in writing. After discussing in detail the suggestions given, cabinet has approved it today," Law and Parliamentary Affairs Minister T B Jayachandra said.

Briefing reporters, he said the intention is to attract investment of up to Rs 5 lakh crore in a span of five years from 2014-19, and create around 15 lakh jobs.

"We also aim to increase manufacturing sector's contribution to the states GDP by 20 per cent," he said.

The 2009-14 industrial policy of the previous BJP government ended on March 31.

Jayachandra said the policy has bifurcated the state into six zones on the basis of average investment and jobs created, compared to four zones earlier and special stress will be given to backward Hyderabad-Karnataka zone.

He said special initiatives have been taken in the policy keeping in mind the interest of micro, small and medium enterprises including skill development, adding, it aims to encourages entrepreneurial ability among SC/ST, backward and minority communities and women entrepreneurs.

Jayachandra said special steps have been taken to encourage investment from Kannadigas living outside. "Policy will be announced in another 10 to 15 days," he said.

The Cabinet also approved the proposal to set up 1,000 micro enterprises in the rural areas with a capital investment of Rs 10 lakh through district industries centers with a view to encourage self employment among youths through a various existing programmes and in coordination with financial institutions.

 

[luckych]

rooftop Go Karting arena,mumbai

Mumbai Cityscapes II - Page 629 - SkyscraperCity

 

[IndoCarib]

^^^^ some more

Sachin Tendulkar inaugurates Smaaash's new Sky Karting arena | Motoroids.com

 

[lightoftruth]

Happy Diwali From T2.

 

[Abingdonboy]

^^^^ some more

Sachin Tendulkar inaugurates Smaaash's new Sky Karting arena | Motoroids.com

That is fricking sweet!!! Let's hope the gradual increasing in such places means motorsport is pursued by more and more Indians and we see them more represented in the top-tier series (F1, Indy car, Le Mans, DTM, WRC etc).


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Under construction, India's Biggest Railway Station

Seawoods Grand Central in Mumbai

cc Maksat from SSC

not a good looking station......

Agree. Not swanky. Pretty basic

I see Indians are becoming spoilt with their public transport standards now expecting the very best from all such infrastructure is good to see- aim for the best because, why not?

 

[IndoCarib]

To all Pakis who think their fucked up country is better than India for women, here is a grand revelation:

Global Gender Gap Report 2012: The Best And Worst Countries For Women

TheGujju

Please post this under world affairs section. And FYI, **** is a slur

 

[mirage2K]

That is fricking sweet!!! Let's hope the gradual increasing in such places means motorsport is pursued by more and more Indians and we see them more represented in the top-tier series (F1, Indy car, Le Mans, DTM, WRC etc).


-------------------------


Under construction, India's Biggest Railway Station

Seawoods Grand Central in Mumbai

cc Maksat from SSC




I see Indians are becoming spoilt with their public transport standards now expecting the very best from all such infrastructure is good to see- aim for the best because, why not?

Seawoods is in Navi Mumbai not Mumbai

 

[Abingdonboy]

Seawoods is in Navi Mumbai not Mumbai

My mistake bro.

 

[patentneer]

My, how India's changing at the blink of an eye.

Seawoods Stn.

It was only yesterday it seems that I heard of this PPP Seawoods station by L&T, and it's 1/2 done !
I like the double platforms, IR listening, finally. Point to note it was never even proposed of being named Nehru-Gandhy $hi+.

 

[TheGujju]

TheGujju

Please post this under world affairs section. And FYI, **** is a slur

Self deleted. I think this has served its purpose in any case