India to be fastest-growing economy globally in both 2022 and 2023: IMF

[retaxis]

Not only for 2 years but India will remain fastest growing economy for 2 to 3 decades. India will grow between 8 to 12 for 2 decades and market value growth to remain betwedn 13 to 17 pc.

india is low IQ country like sub saharan africa. They never reach middle income status and fracture with civil wars once religious extremists take power. India is not China/Singapore/HK/Taiwan which has highest IQ in the world.

 

[Surya 1]

india is low IQ country like sub saharan africa. They never reach middle income status and fracture with civil wars once religious extremists take power. India is not China/Singapore/HK/Taiwan which has highest IQ in the world.

All these high IQ country citizens delivers Pizzas at the door steps of Indians and drives their cars in the countties where both diaspora live togather.

 

[Windjammer]

More Migrants From India Try To Get Into U.S. From Mexico

Before the pandemic, 100 times more Indians were being detained annually on the U.S.-Mexico border, compared to 10 years ago. Officials say the economic migrants believe smugglers promising asylum.

www.npr.org

Meanwhile Indians now exceed Mexicans as illegal aliens trying to enter America.

More Migrants From India Try To Get Into U.S. From Mexico

Before the pandemic, 100 times more Indians were being detained annually on the U.S.-Mexico border, compared to 10 years ago. Officials say the economic migrants believe smugglers promising asylum.

www.npr.org

 

[Pakistani E]

I am far more interested in seeing a reduced militarisation and an increased economic relationship with India for Pakistan. If we are to grow at our natural pace, both of our countries need to step back from this continued jamming of the armed forces with more and more cannon fodder, subtracting them from the work-force and compensating them for what is, in the ultimate analysis, non-productive labour.

Hi Joe, good to see you here.

What you are describing is the ideal state of affairs, but both me and you know that this will not happen in our lifetime. India is happy with the status quo and Pakistan cannot change the status quo. Modi's government was partly elected to teach Pakistan and Pakistanis a lesson, while we in Pakistan have a barely functioning state that can offer neither resistance nor substantial peace offering to India.

 

[Wood]

Hi Joe, good to see you here.

What you are describing is the ideal state of affairs, but both me and you know that this will not happen in our lifetime. India is happy with the status quo and Pakistan cannot change the status quo. Modi's government was partly elected to teach Pakistan and Pakistanis a lesson, while we in Pakistan have a barely functioning state that can offer neither resistance nor substantial peace offering to India.

Pakistan's influence on Indian domestic politics has greatly diminished in past couple of years. In the last UP election, analysts observed that BJP did not raise Pakistan in election campaign in any rally. Indian news outlets try to troll Pakistani politics and economy frequently, but that is not like in the past when Pakistan was seen as a security threat. The LOC cease fire and reduced militancy has made significant changes beyond just reducing body bags. But this may change if situation should reverse.

 

[Kyusuibu Honbu]

india is low IQ country like sub saharan africa. They never reach middle income status and fracture with civil wars once religious extremists take power.

India has already fractured

There is an Indian renegade province called Taiwan that has its own currency, diplomatic ties, military and economy

 

[Joe Shearer]

Hi Joe, good to see you here.

What you are describing is the ideal state of affairs, but both me and you know that this will not happen in our lifetime. India is happy with the status quo and Pakistan cannot change the status quo. Modi's government was partly elected to teach Pakistan and Pakistanis a lesson, while we in Pakistan have a barely functioning state that can offer neither resistance nor substantial peace offering to India.

Sometimes, even thinking about these aspects, even in an abstract, speculative way, is a mistake. It leaves one feeling intensely frustrated, at the contrast between the genuine upliftment of the common people and the shrill voices of such leadership as we have, and their truly clownish incompetence.

As for leadership, ........

 

[Indos]

India cbank hiked rates fearing 'shocker' inflation reading -source​

By Nupur Anand
and Aftab Ahmed

MUMBAI, May 5 (Reuters) - India's central bank unexpectedly hiked its key lending rate on Wednesday because it feared "shocker" inflation numbers for April, a person aware of the matter said.

In its first rate move in two years and its first hike in nearly four, the Reserve Bank of India (RBI) raised the repo rate

"It looked imminent that the April (inflation) number which will arrive on May 12 will be a ...shocker," the person, who declined to be named because the discussions were private, said on Thursday.

The RBI did not immediately respond to a request for comment.

Markets see the central bank raising its key rates further in coming months as it expects inflation to remain elevated.

India's annual retail inflation accelerated to almost 7% in March, its highest in 17 months and above the upper limit of the central bank's 2%-6% tolerance band for a third straight month. read more

Wednesday's hike drove bond yields to multi-year highs. The 10-year benchmark bond closed at 7.40% on Thursday, its highest in three years.

Economists on Thursday told Reuters they expected the central bank to front-load more aggressive interest rate hikes at least until its repo rate hits its pre-COVID level of 5.15%. read more

The source said the central bank's policy was still accommodative given India's economic output was below potential and inflation above target.

The central bank is also unlikely to conduct open market operations (OMO) to help the government with its record borrowing of 14.31 trillion Indian rupees ($187 billion) in the fiscal year that started on April 1.

"It would be odd for us to suddenly talk about withdrawal of accommodation and do OMOs which will be counter to the kind of logic we are putting out," the source said.

The source added that the central bank will support borrowing in other ways, but did not give details.

The RBI's rate hike was also prompted by the government not lowering taxes on retail fuel prices and managing supply side constraints, despite several pleas by the central bank, the source said.

"You should look at this measure (the rate hike) that when it gets tough, the RBI stands alone," the source said.

The RBI "pleaded, begged, exhorted", but the government did not cut taxes on fuel, the source said.

Asia's third-largest economy, which imports 80% of its oil needs, has been hiking excise duty on fuel since March, which has contributed to higher commodity prices.

($1 = 76.3426 Indian rupees)

Reporting by Nupur Anand and Aftab Ahmed; Editing by Tomasz Janowski and John Stonestreet

India cbank hiked rates fearing 'shocker' inflation reading -source

India's central bank unexpectedly hiked its key lending rate on Wednesday because it feared "shocker" inflation numbers for April, a person aware of the matter said.

www.reuters.com

 

[Wiler87]

India’s exports of spectacles and goggles register a stellar growth of 1315% in 2021-22 over 2013-14.

Services exports at a record $254 billion in FY22.

Best monthly performance of $27 billion in March 2022 reflecting a robust growth momentum in the economy.

India gets its 100th unicorn startup as neobank Open crosses billion-dollar valuation


In 2021, India had 44 unicorns, taking the total number to 86; the bullish valuations snowballed in 2022 and 14 startups joined the club in Q1 CY22

The 100 unicorns from India have a cumulative valuation of $333 Bn - with Flipkart and BYJU’S being the two highest valued privately-held startups

Some upcoming sectors that have and will mint newer unicorns include AVGC, D2C, ecommerce enablers, deeptech, spacetech, cleantech and the drone industry, among others

 

[Chat SAMOSA]

We need to see Q1 2022 real growth first that for India will come up in late May. I dont know why they put India GDP growth so high despite Q 4 2021 shows around 5 % growth.

We will see real figure soon, I will save this thread, my prediction India economic growth will not far from Q4 2021 figure which is around 5 %

I see bias in IMF as too many Indians are there

Here, there are 2 Indians out of 4 IMF analysts in this recent IMF livestreaming

Purely an empirical view based on my observation revolving around just certain areas of BLR - EVERY kind of business is humming. Construction, retail, durable consumer goods ... I visit two veggie mkts weekly and shelves (and foot paths!) Are fresh full and crowds are a throng. Everybody complains abt prices and petrol but keep buying it all up. I don't recall seeing such breadth of trade ever in India.


I don't know if it is limited to BLR or this phase but there it is.


I deal with old retired people a lot and the number of them ordering stuff on Amazon bigbasket etc (50% of which they don't need!) Is exponential. The other day a 75 year old lady was showing of the gloves she got thru Amazon - seems she is going to gift it to her grand child somewhere abroad.


The fellow that irons shirts just waved of three rupees because neither if us had correct change.


It is a different place now

 

[Indos]

Purely an empirical view based on my observation revolving around just certain areas of BLR - EVERY kind of business is humming. Construction, retail, durable consumer goods ... I visit two veggie mkts weekly and shelves (and foot paths!) Are fresh full and crowds are a throng. Everybody complains abt prices and petrol but keep buying it all up. I don't recall seeing such breadth of trade ever in India.


I don't know if it is limited to BLR or this phase but there it is.


I deal with old retired people a lot and the number of them ordering stuff on Amazon bigbasket etc (50% of which they don't need!) Is exponential. The other day a 75 year old lady was showing of the gloves she got thru Amazon - seems she is going to gift it to her grand child somewhere abroad.


The fellow that irons shirts just waved of three rupees because neither if us had correct change.


It is a different place now

Not only your country that has growing domestic demand, the same thing happen in other country as well.

Indonesia for instant has good indicator in tax collection, PMI manufacturing, electricity rate, investment, retail sales, etc, but unlike your Gov and many of Indian economists in IMF and Rating Agency like S&P, Moody, etc our Gov Economist predict 4.7-5.4 % economic growth for whole 2022. While your inflation is also tripple inflation in Indonesia.

As for me, I see more optimistic view as I predict Indonesia economy in 2022 will likely be in a range of 5.4-5.7 percent.

 

[pikkuboss]

Purely an empirical view based on my observation revolving around just certain areas of BLR - EVERY kind of business is humming. Construction, retail, durable consumer goods ... I visit two veggie mkts weekly and shelves (and foot paths!) Are fresh full and crowds are a throng. Everybody complains abt prices and petrol but keep buying it all up. I don't recall seeing such breadth of trade ever in India.


I don't know if it is limited to BLR or this phase but there it is.


I deal with old retired people a lot and the number of them ordering stuff on Amazon bigbasket etc (50% of which they don't need!) Is exponential. The other day a 75 year old lady was showing of the gloves she got thru Amazon - seems she is going to gift it to her grand child somewhere abroad.


The fellow that irons shirts just waved of three rupees because neither if us had correct change.


It is a different place now

Salaries are increasing man, my salary doubled since Pandemic. So are the Businesses thriving, making 2-3 times of what they made earlier, spending like crazy. My friend Only problem is for elderly people who have a fixed inflow of money from Fixed deposits and pensions etc.

 

[Pakistani E]

Pakistan's influence on Indian domestic politics has greatly diminished in past couple of years. In the last UP election, analysts observed that BJP did not raise Pakistan in election campaign in any rally. Indian news outlets try to troll Pakistani politics and economy frequently, but that is not like in the past when Pakistan was seen as a security threat. The LOC cease fire and reduced militancy has made significant changes beyond just reducing body bags. But this may change if situation should reverse.

Lakri saheb, there is no running away from the fact that Pakistan and Indian Muslims are two sides of the same coin that is tossed up in the air to catch a certain type of vote in the Indian electorate. Not saying it's the only coin, but it's there, taken out and polished as/when needed.

 

[Pakistani E]

Sometimes, even thinking about these aspects, even in an abstract, speculative way, is a mistake. It leaves one feeling intensely frustrated, at the contrast between the genuine upliftment of the common people and the shrill voices of such leadership as we have, and their truly clownish incompetence.

As for leadership, ........

As I get older, my imagination falters, so I can't really imagine peace and prosperity being the driving factors in the relationship between India and Pakistan. The leadership is only a reflection of the mood of the people, and to be frank with you, in my estimation, the mood on both sides is quite ugly.

 

[Wood]

India’s exports of spectacles and goggles register a stellar growth of 1315% in 2021-22 over 2013-14.

Services exports at a record $254 billion in FY22.

Best monthly performance of $27 billion in March 2022 reflecting a robust growth momentum in the economy.

India gets its 100th unicorn startup as neobank Open crosses billion-dollar valuation


In 2021, India had 44 unicorns, taking the total number to 86; the bullish valuations snowballed in 2022 and 14 startups joined the club in Q1 CY22

The 100 unicorns from India have a cumulative valuation of $333 Bn - with Flipkart and BYJU’S being the two highest valued privately-held startups

Some upcoming sectors that have and will mint newer unicorns include AVGC, D2C, ecommerce enablers, deeptech, spacetech, cleantech and the drone industry, among others

It was once conventional wisdom that no Indian city can beat Mumbai when it comes to big companies. But Bengaluru is on the verge of busting that idea. Already more number of unicorns by a wide margin