[🇮🇳] Indian Economy watch- All new developments.

[Krishna with Flute]

Service export needs minimal infra and everything can be done with an Internet connection (including Internet scams which India is famous for, with lax criminal enforcement).

Service export is the only sunshine in a rather dim outlook for the Indian economy.

China’s economy is about five times larger than India's, with a GDP of $17.7 trillion versus India’s GDP of $3.2 trillion.

With a population more than China's - India's prospects are rather dim, Internet BS and Godi Media screaming notwithstanding.

Dilli door ast.

So world's fastest growing economy is dim economy according to you? Is India's GDP 3.2 Tr USD? Really?

 

[Bilal9]

So world's fastest growing economy is dim economy according to you? Is India's GDP 3.2 Tr USD? Really?

Let India reach where China is, then we can discuss.

 

[Krishna with Flute]

Let India reach where China is, then we can discuss.

Going by your logic, When can we discuss BD economy?

 

[Krishna with Flute]

India to start exporting locomotives in 2025​

Story by Manu Kaushik
• 9h • 2 min read

Established in 2018, the plant has been delivering 100 locomotives annually to the Indian railways utilising the local supplier base from across India. (Representational Image/Reuters)
For the first-time, India is set to export locomotives to a global customer. Wabtec Locomotive, which is a joint venture between Indian Railways and Wabtec, will manufacture locomotives at its Marhowra plant in Bihar, and start exports to an African customer in 2025.

“The plant will supply Evolution Series ES43ACmi locomotives to global customers. The ES43ACmi is a locomotive featuring a 4,500 HP Evolution Series engine, offering best-in-class fuel efficiency and proven performance in high-temperature environments,” the official statement said.

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As per the railways ministry, the project is of strategic importance as it positions India as a global locomotive manufacturing hub and aligns with the “Make in India” and “Make for the World” initiatives under the “Atmanirbhar Bharat” vision. “It will also enable the Marhowra plant to export standard-gauge locomotives globally, expanding the local supplier footprint and fostering long-term job creation, thereby benefiting the Indian economy,” the statement said.

Also Read
Delhi Metro receives first ‘Make in India’ driverless metro train set- Details inside
Established in 2018, the plant has been delivering 100 locomotives annually to the Indian railways utilising the local supplier base from across India. It has thus far added 650 locomotives to the railways fleet. The railways ministry and Wabtec will collaborate to plant’s capabilities and use it to serve global demand for locomotives, the statement said.

In May this year, US-based Wabtec Corporation started a new manufacturing campus in Rohtak with an investment of Rs 150 crore. This plant will initially manufacture transit rail components and subsystems followed by other Wabtec product lines in the coming years.

Related video: Major boom to rail safety; Indian Railways successfully installed Kavach 4.0 in Sawai Madhopur (ANI Video)

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Delhi Metro receives first ‘Make in India’ driverless metro train set- Details inside​

These new metro train sets, equipped with Grade of Automation (GOA) 4 driverless technology, are designed to operate at a top speed of 95 kmph, with an operational speed of up to 85 kmph. They will serve three lines, including two extensions and the new Gold Line 10, covering a total of 64.67 kilometres.​

Written by FE Online
September 23, 2024 21:34 IST
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Delhi Metro receives first 'Make in India' driverless metro train set. (PTI)
The Delhi Metro Rail Corporation (DMRC) has received its first metro train set integrated with driverless technology, marking a major milestone under the ‘Make in India’ initiative. This is part of DMRC’s first project outsourced to an Original Equipment Manufacturer (OEM), as per an official statement released on Monday.

DMRC Managing Director Vikas Kumar highlighted the significance of the event, stating, “Today is a historic occasion for the Delhi Metro family as we take another major step towards operationalising the Phase 4 corridors.” The first train set, dispatched from Alstom’s facility in Sri City, Andhra Pradesh, is part of a broader plan aimed at enhancing eco-friendly and convenient travel for metro passengers.

https://www.financialexpress.com/business/infrastructure-delhi-metro-receives-first-make-in-india-driverless-metro-train-set-details-inside-3619644/

 

[Krishna with Flute]

Public Sectors are flourishing under the BJP Government.​

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SAIL achieves best sales turnover of over Rs 1 trillion during FY24​

Story by Statesman News Service
• 20h • 2 min read

SAIL achieves best sales turnover of over Rs 1 trillion during FY24
Steel Authority of India Limited (SAIL) conducted its 52nd Annual General Meeting (AGM) on Thursday at its headquarters in New Delhi. It was informed that the country’s largest steel producer achieved the best sales turnover of Rs 1,04,545 crore during FY ’24.

SAIL Chairman Amarendu Prakash addressed the shareholders in the meeting, held through a virtual platform.


He summarised the performance of the Maharatna during FY 23-24.

He said that SAIL created new benchmarks by producing 20.5 Million Tonnes (MT), 19.24 MT and 18.44 MT of Hot Metal, Crude Steel and Saleable Steel respectively during FY’24, registering growth of 5.6 per cent, 5.2 per cent and 6.9 per cent respectively over the previous year.

He mentioned that the Company achieved the best Sales Turnover of Rs 1,04,545 Crore during FY’24.

Addressing the Company’s shareholders, he said, “Reflecting on the performance of the previous year and looking forward to the future reinforces my belief that as an organisation, we can aspire to be ‘Number One’, i.e the best in our industry”.

He added that the Indian Government’s continuous push to transform the social, digital and physical infrastructure of the country with a vision of Viksit Bharat by 2047 has fueled steel demand in the Country across all sectors.

SAIL is on track to excel in two focus areas which are to maximise capacity utilisation and provide best value to customers, he added.

He said, “SAIL would continue to engage with stakeholders, improve the asset utilisation and proactively be ahead of the curve”.

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Is India growing fast enough to become a developed nation by 2047? Raghuram Rajan has this to say​

Story by Business Today Desk
• 23h • 2 min read
In this article

Is India growing fast enough to become a developed nation by 2047? Raghuram Rajan has this to say
India has made great progress in infrastructure over the last decade, but it’s not enough, according to former RBI Governor Raghuram Rajan.

Rajan says the country must do much more in sectors like local manufacturing and job creation to truly harness its potential.

"We’ve done a lot in infrastructure, but other areas need more attention," Rajan told a news agency in an interview on Thursday, adding that while the government's focus on production is commendable, it's equally important to get it right.



Reflecting on the Modi government’s flagship 'Make in India' initiative, Rajan acknowledged its positive intent but stressed the need for a critical review to ensure it delivers real results.

"In some areas, we’ve made useful progress, like in infrastructure, but we need to check other sectors. And the best way to check is to ask critics, what do you think? What has happened? Has it happened the way you want it? Should we do more? You get feedback, and then you work along," Rajan told the PTI.

Rajan emphasized that improving ease of doing business is crucial for driving growth, especially by reducing bureaucratic hurdles and the fear of regulatory raids.

"There’s a package that can propel economic growth, and if we focus on that, it will strengthen 'Make in India'," he said. He also noted that merely following global metrics, such as the World Bank’s ease of doing business rankings, isn’t enough. The government, he argued, should engage directly with businesses to understand their challenges on the ground.

Related video: For India, this is definitely a significant moment: Viswanathan Anand (Dailymotion)


Despite efforts like the production-linked incentive (PLI) schemes and the easing of foreign direct investment (FDI) norms, Rajan pointed out that the path to becoming a developed nation is still challenging. He expressed concern over whether India’s current growth trajectory is sufficient to meet its ambitious goals.

"If we grow at 7 per cent, then we will be past Germany and Japan in 2-3 years. That is not something which is out of the realm of possibility, it will happen. What is more worrisome, however, is when we say a developed nation. Now, what does it mean to be developed now? That is also a changing metric".

Explaining further, he said, "Let us say being developed is having a per capita GDP in today's dollars of about USD 15,000".

"If you see that, then you put a 7 per cent growth rate, and you find it is not enough to become USD 15,000 per capita GDP by 2047 we need to do better," Rajan said. The eminent economist also wondered that from where are "we going to generate that growth to become a developed nation by 2047".

Rajan suggested that coalition governments could drive more agile and consensus-based reform, referencing the PV Narasimha Rao government’s success in implementing significant reforms without holding a supermajority.

MSN

 

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A discussion how India will become a 55 TR. USD economy by 2047. I. E in 100 years of becoming independent.