India Indian Economy + Infra Archive

[Jackdaws]

Federal or state govt?

In MH, it's the state Govt offering fsi to developers at discounted rate and cutting stamp duty and registration charges.

Mumbai property registrations at a 10-year high in September 2021: What drove this record spike? Experts explain

As per the data available from the Government's Department of Registration and Stamps, the month of September 2021 saw 7,799 properties being registered in Mumbai, up 15% from the previous month of August 2021 which saw sales of 6784 units and 39% from a year ago where September 2020 saw sales...

www.zeebiz.com

 

[Lonewolf]

In MH, it's the state Govt offering fsi to developers at discounted rate and cutting stamp duty and registration charges.

Mumbai property registrations at a 10-year high in September 2021: What drove this record spike? Experts explain

As per the data available from the Government's Department of Registration and Stamps, the month of September 2021 saw 7,799 properties being registered in Mumbai, up 15% from the previous month of August 2021 which saw sales of 6784 units and 39% from a year ago where September 2020 saw sales...

www.zeebiz.com

Actually as per some policy expert , it's work done in fadnavis era and his policy which have put Maharashtra in auto growth mode , that's why even after pandemic Maharashtra is growing like hell

 

[Jackdaws]

Actually as per some policy expert , it's work done in fadnavis era and his policy which have put Maharashtra in auto growth mode , that's why even after pandemic Maharashtra is growing like hell

Fadnavis was good. No riots, minimal corruption. Corruption has increased under MVA - but with NCP in power that was a given. Thackeray is also very hands on and good. Under him, things were pretty much in control during the height of the pandemic.

 

[Lonewolf]

Fadnavis was good. No riots, minimal corruption. Corruption has increased under MVA - but with NCP in power that was a given. Thackeray is also very hands on and good. Under him, things were pretty much in control during the height of the pandemic.

Thackrey is doing all this out of ego , otherwise he was quite okayish ,but now shiv Sainik are turning another gang of suckers , sucking on a family (congress 2.0)

 

[Jackdaws]

Thackrey is doing all this out of ego , otherwise he was quite okayish ,but now shiv Sainik are turning another gang of suckers , sucking on a family (congress 2.0)

That's the narrative spun by the BJP. Same BJP was happy to join hands with Ajit Pawar to form a 3 day Govt. which didn't survive.

 

[Lonewolf]

That's the narrative spun by the BJP. Same BJP was happy to join hands with Ajit Pawar to form a 3 day Govt. which didn't survive.

Nope that's what public is thinking . Politics is a dirty game ,bjp is a political party so they will do politics too , so will shiv sena .

 

[Jackdaws]

Nope that's what public is thinking . Politics is a dirty game ,bjp is a political party so they will do politics too , so will shiv sena .

Depends on which public and their own political affiliations and biases.

 

[Lonewolf]

Depends on which public and their own political affiliations and biases.

You can have your opinion , politics is too wide a concept to have varied views

 

[Nilgiri]

One thing I like about TN , irrespective of political party , their development work never cease

They are largely two sides of the same coin.

Underneath the political bigwigs the bureaucracy basically prevails and continues whatever the administration, and it is a cut above rest of Indian states in general. Delivery matters because there is severe anti-incumbency force present in TN....so even all corruption is tolerated (to lubricate) but insofar there is delivery at the end of it in enough amount. i.e scaled entrenched corruption is difficult to really spread from the bigwigs to rest.

Call it a long karma on these two thuggish regional parties we have....for in their prior era (When they were united) they removed the best administration in TN (Kamaraj). So there is a check and balance imposed on them by the education + memory kamaraj era was able to impart early enough.

 

[Nilgiri]

In MH, it's the state Govt offering fsi to developers at discounted rate and cutting stamp duty and registration charges.

Mumbai property registrations at a 10-year high in September 2021: What drove this record spike? Experts explain

As per the data available from the Government's Department of Registration and Stamps, the month of September 2021 saw 7,799 properties being registered in Mumbai, up 15% from the previous month of August 2021 which saw sales of 6784 units and 39% from a year ago where September 2020 saw sales...

www.zeebiz.com

I welcome such efforts to reduce govt extraction from sectors that can employ labour well.

India needs to change more of its farm labour to construction labour still. Govt overhead needs to be reduced as close to zero here.

 

[Lonewolf]

I welcome such efforts to reduce govt extraction from sectors that can employ labour well.

India needs to change more of its farm labour to construction labour still. Govt overhead needs to be reduced as close to zero here.

Construction can't employ such large population,and if does then a issue will be created when most infra work is complete , we need to make our supply chain reliable

 

[Nilgiri]

Construction can't employ such large population,and if does then a issue will be created when most infra work is complete , we need to make our supply chain reliable

Of course it cannot employ all of the labour....but it can certainly employ lot more than currently for India to transition to next tiers of economy better....and without huge amount of education investment.

There are simply too many people stuck in agro still, and not enough building stuff that India needs.

It is a real chokepoint....supply really needs to expand here....it is part of reason such labour gets exported too much to gulf anyway (instead of retained in India).

Agro will then also transition to higher productivity just like in TN and parts of south....when this kind of thing happens at large in hindi belt for example.

TN is only major state with 60% urbanisation I believe. More states need to look at what happened there for it....construction sector is one avenue.

Then over time with lot more human resource improvement and education imparted....India can sustainably mass-industrialise and catch the bus for good then.

In interim construction and such allied activities are very key stepping stone to provide value added with timeXpop India has right now to generate wealth to save.

 

[iceream]

Of course it cannot employ all of the labour....but it can certainly employ lot more than currently for India to transition to next tiers of economy better....and without huge amount of education investment.

There are simply too many people stuck in agro still, and not enough building stuff that India needs.

It is a real chokepoint....supply really needs to expand here....it is part of reason such labour gets exported too much to gulf anyway (instead of retained in India).

Agro will then also transition to higher productivity just like in TN and parts of south....when this kind of thing happens at large in hindi belt for example.

TN is only major state with 60% urbanisation I believe. More states need to look at what happened there for it....construction sector is one avenue.

Then over time with lot more human resource improvement and education imparted....India can sustainably mass-industrialise and catch the bus for good then.

In interim construction and such allied activities are very key stepping stone to provide value added with timeXpop India has right now to generate wealth to save.

Does this mean another period of growth like in Manmohan times where our economy skyrocketed

 

[Nilgiri]

Does this mean another period of growth like in Manmohan times where our economy skyrocketed

We shall see. A number of fundamentals are looking better than they have in the last decade.

 

[iceream]

W

We shall see. A number of fundamentals are looking better than they have in the last decade.

What is your prediction of growth for the next let's say 5 -10 years what will be the avg growth rate above 5 5-8 percent ect
When will we become 5 trillion in gdp ?
When do you think we will be the 3rd largest by gdp?

 

[Nilgiri]

What is your prediction of growth for the next let's say 5 -10 years what will be the avg growth rate above 5 5-8 percent ect

5 - 10 year prediction needs 3 years to look solid/stable in the current time frame. So have to wait till 2023 at least to see how India (proven) investment especially shapes up....and how its industries and sectors transition, grow and mature.

When will we become 5 trillion in gdp ?

Judging by even USD inflation going on now, I would not be surprised around 2026 at earliest.....and maybe 2028 at the latest. (This should also help you answer overall my prediction for 1st question...i.e maybe around 10% total growth yearly and about 6-7% yearly real growth)

This GDP number is not that important in grand scheme of things tbh....until maybe we get to lot larger dbl digit trillion....i.e a whole new class of GDP size relative to our population.

GDP is mostly a media gossip/drama exercise.

When do you think we will be the 3rd largest by gdp?

Sometime after 2030.

 

[Nilgiri]

The source of huge jealousy (spurring 1000+ frantic butthurt posting/tweeting) among some neighbours:

TCS says its platforms and products business is worth about $3 billion

The P&P business is not a separate unit and continues to function under various verticals but is fast emerging as a huge differentiator for Indias largest IT services provider by revenue, chief operating officer N Ganapathy Subramaniam said.

economictimes.indiatimes.com

Watch those neighbours this decade. The will wallow and swelter because they just don't have in them to climb vertically in the new economy.

 

[Lonewolf]

@Iceream manmohan era saw growth due to policy of vajpayee era , upa 2.0 saw economy worsening due to upa 1.0era

 

[iceream]

So

@Iceream manmohan era saw growth due to policy of vajpayee era , upa 2.0 saw economy worsening due to upa 1.0era

So now what

 

[Jackdaws]

Does this mean another period of growth like in Manmohan times where our economy skyrocketed

It's risk mitigation by the western world. Covid and political instability has made it realize that dependency on China for manufacturing puts entire supply chain at risk. Even if expensive, they'd rather have a politically stable country be an alternative. Whether it is BJP, Congress or a Third Front in power in India, it doesn't matter. If something happens to a Putin or a Xi, they don't know the implications.

And as much as I detest Modi and his Tadipaar Shah, they have made a genuine push for infrastructure development.