Marlii
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Marlii
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Hari Sud
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Year 2023 in India: A Year of Triumph
The year 2023 marked a period of significant accomplishments for India. Despite ongoing conflicts in Ukraine and the Middle East, India emerged triumphant at the G-20 summit, hosting seven world leaders. Despite a challenging business climate, the country achieved a remarkable 7.5% economic growth, pushing its GDP to $4 trillion. Robust economic indicators included $110 billion in remittances and $80 billion in foreign direct investment, contributing to a promising economic future. India's foreign reserves of $600 billion ranked fourth globally.
Domestically, political dynamics shifted towards the center-right BJP party, securing victories in three state elections and solidifying its popularity. The revocation of Article 370 integrated Kashmir with the rest of India, and the decline of Naxalite terrorism in the mid-eastern states signaled progress. Despite efforts by Pakistan, terrorism in Kashmir remained under control.
Socially, India achieved notable milestones, with an improving literacy rate and highly educated individuals sought after by advanced countries. Strides were made in healthcare, exemplified by India's successful control of the deadly Covid virus. The nation developed its own vaccine, boasting 90% effectiveness, and supplied it to countries facing economic constraints.
India's leadership role in the G-20 provided a platform to showcase its economic achievements, with even President Biden expressing satisfaction during his visit. Amidst these developments, India emerged as a potential mediator for the Ukrainian and Israel-Hamas conflicts, poised to take a leading role in future negotiations.
However, there were challenges, including accusations by the US and Canada of India plotting a terrorist assassination. No evidence supporting these claims has surfaced, and it is crucial to note that the accused individuals were designated India’s terrorists supported by their host countries.
India's enhanced military capabilities over the past five years ensured its security, deterring potential adversaries. The country's growing naval power in the Indian Ocean secured commercial sea traffic, demonstrated by the deployment of five modern destroyers by India to the Red Sea region.
In contrast to China, India's success as a multi-party democracy stands as a model for other nations. Despite critics, India continues to prove that democracy can flourish without resorting to dictatorship or military rule.
A testament to India's global influence was the successful rescue of Sri Lanka from its economic troubles, serving as a cautionary tale against falling into a debt trap. India's advice to other nations emphasized the importance of fiscal responsibility in avoiding economic challenges.
In short, India is doing well and that effort continues to become a $10 trillion economy in next 5/6 years.
The year 2023 marked a period of significant accomplishments for India. Despite ongoing conflicts in Ukraine and the Middle East, India emerged triumphant at the G-20 summit, hosting seven world leaders. Despite a challenging business climate, the country achieved a remarkable 7.5% economic growth, pushing its GDP to $4 trillion. Robust economic indicators included $110 billion in remittances and $80 billion in foreign direct investment, contributing to a promising economic future. India's foreign reserves of $600 billion ranked fourth globally.
Domestically, political dynamics shifted towards the center-right BJP party, securing victories in three state elections and solidifying its popularity. The revocation of Article 370 integrated Kashmir with the rest of India, and the decline of Naxalite terrorism in the mid-eastern states signaled progress. Despite efforts by Pakistan, terrorism in Kashmir remained under control.
Socially, India achieved notable milestones, with an improving literacy rate and highly educated individuals sought after by advanced countries. Strides were made in healthcare, exemplified by India's successful control of the deadly Covid virus. The nation developed its own vaccine, boasting 90% effectiveness, and supplied it to countries facing economic constraints.
India's leadership role in the G-20 provided a platform to showcase its economic achievements, with even President Biden expressing satisfaction during his visit. Amidst these developments, India emerged as a potential mediator for the Ukrainian and Israel-Hamas conflicts, poised to take a leading role in future negotiations.
However, there were challenges, including accusations by the US and Canada of India plotting a terrorist assassination. No evidence supporting these claims has surfaced, and it is crucial to note that the accused individuals were designated India’s terrorists supported by their host countries.
India's enhanced military capabilities over the past five years ensured its security, deterring potential adversaries. The country's growing naval power in the Indian Ocean secured commercial sea traffic, demonstrated by the deployment of five modern destroyers by India to the Red Sea region.
In contrast to China, India's success as a multi-party democracy stands as a model for other nations. Despite critics, India continues to prove that democracy can flourish without resorting to dictatorship or military rule.
A testament to India's global influence was the successful rescue of Sri Lanka from its economic troubles, serving as a cautionary tale against falling into a debt trap. India's advice to other nations emphasized the importance of fiscal responsibility in avoiding economic challenges.
In short, India is doing well and that effort continues to become a $10 trillion economy in next 5/6 years.
Marlii
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Opening tomorrow
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Mumbai to Navi Mumbai in 15 min! 5 things to know about the Mumbai Trans Harbour Link #shorts
We've driven across Mumbai Trans Harbour Link, ahead of its inauguration on Jan 12, in the all-electric Audi RS e-tron GT! At 21.8km, this is India's longest...
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Opening tomorrow
Mumbai to Navi Mumbai in 15 min! 5 things to know about the Mumbai Trans Harbour Link #shorts
We've driven across Mumbai Trans Harbour Link, ahead of its inauguration on Jan 12, in the all-electric Audi RS e-tron GT! At 21.8km, this is India's longest...
I remember documentary about Navi Mumbai from the 90s talking about this kind of stuff back then heh. Its been slow going but finally its here.
It will decongest the traffic quite a bit. That and the coastal road is due to open at the end of the month
In Mumbai, for every car on the road, there will be a few off the road, where the owner prefers to use public transport because of the congestion. These cars come on the road when you build better roads. So the decongestion is temporary. You end up with some amount of decongestion, but not as good as predicted.
The island city has a negative migration rate.
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Opening tomorrow
Mumbai to Navi Mumbai in 15 min! 5 things to know about the Mumbai Trans Harbour Link #shorts
We've driven across Mumbai Trans Harbour Link, ahead of its inauguration on Jan 12, in the all-electric Audi RS e-tron GT! At 21.8km, this is India's longest...
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Scott Summers
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India to invest $67 bn in energy sector
Prime Minister Narendra Modi has unveiled his government’s vision for transforming the country’s energy landscape
New Delhi will invest $67 billion in India’s energy sector over the next 5-6 years to meet the country’s primary energy demand, which is expected to double by 2045, Indian Prime Minister Narendra Modi announced at the India Energy Week conference on Tuesday.
India to invest $67bn in energy sector
As the economy is expected to grow over 7.5%, New Delhi is ramping up spending to transform the country’s energy landscape
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Israeli chipmaker Tower closes in on $8 billion fabrication plant in India
If Tower’s proposal is accepted by the government, it would be the first semiconductor company with real fabrication pedigree to join India’s $10 billion chip manufacturing scheme, and will be a big boost to New Delhi’s chipmaking ambitions.
indianexpress.com
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Walmart Shifts to India, Cuts China Imports
Walmart is looking to cut costs and expand its supply chain by importing more goods to the United States from India. It is seeking to reduce its dependence on China for goods.
learningenglish.voanews.com
Walmart, the world’s largest store, is importing more goods to the United States from India and reducing its dependence on China.
Between January and August this year, Walmart shipped 25 percent of its U.S. imports from India. That compares to just 2 percent in 2018. Import Yeti, a data company, shared the information with Reuters.
The same data shows that only 60 percent of Walmart’s imports came from China during the same period, down from 80 percent in 2018. China is still Walmart’s biggest country for importing goods.
The shift shows how the rising cost of importing from China and increased tension between China and the U.S. are leading American companies to import from other countries. Those countries include India, Thailand, and Vietnam.
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India's stock market is reaping the benefits as investors divert billions of dollars away from China, amid its slowing economy, towards the South Asian giant. Meanwhile, India's economic growth, large population, and policy reforms are all factors that are driving cash into its equity markets, according to market analysts. Potential risks still remain, however, including the outcome of India’s general election this year and the broader geopolitical landscape. CNA’s Rebecca Bundhun reports.
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At $365 Billion, Tata Group's Market Value Is Now Worth More Than Pakistan's GDP
Tata Group's market capitalisation can now bigger than the entire economy of Pakistan as several companies of the conglomerate gave massive returns in one year. The market capitalisation of Tata Group stood at $365 billion while IMF estimated Pakistan's GDP to be almost $341 billion. Separately Tata Consultancy Services which is valued at $170 billion -India's second largest company- is roughly half the size of Pakistan's economy.
Tata Group is now bigger in size than Pakistan's entire economy
Tata Group companies' market capitalisation stood at $365 billion. The IMF has estimated Pakistan's GDP to be around $341 billion.
But sir we have nuclear bomba and tea was fantasticAt $365 Billion, Tata Group's Market Value Is Now Worth More Than Pakistan's GDP
Tata Group's market capitalisation can now bigger than the entire economy of Pakistan as several companies of the conglomerate gave massive returns in one year. The market capitalisation of Tata Group stood at $365 billion while IMF estimated Pakistan's GDP to be almost $341 billion. Separately Tata Consultancy Services which is valued at $170 billion -India's second largest company- is roughly half the size of Pakistan's economy.
Tata Group is now bigger in size than Pakistan's entire economy
Tata Group companies' market capitalisation stood at $365 billion. The IMF has estimated Pakistan's GDP to be around $341 billion.www.hindustantimes.com
pakistanis are gonna have to cry a lot when 10 or more indian States will have larger economy than them in 10 years.Pakistanis themselves have stopped measuring their GDP since 2022 i believe. Alas they are in such a dire situation that they dont even publish their figures of poverty, child mortality and other social metrics since 2019.Indian media being indian media just wants to rub this in their minds.But sir we have nuclear bomba and tea was fantastic
