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Nilgiri

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Nilgiri

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The Indian economy is largely a service-based one. And the past few years has only seen that trend intensify. With one big exception: Pharmaceuticals.



The comments section is also good to browse and have a read.
 

Nilgiri

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FP6X4ttX0Agf8zC


Working paper found here:

 

Nilgiri

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~ 355 billion USD

Of course this is not total govt revenue which includes state govts, non-tax revenues etc too....that total will come to a bit more than double (looking at last few years). So we could very well see about 800 billion dollars in total govt revenue for the completed FY22.
 

Blackbeardsgoldfish

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India poised for record wheat harvest​


NEW DELHI, INDIA — Favorable weather in major wheat growing areas has India heading for a record harvest of 110 million tonnes from 30.9 million planted hectares for the 2022-23 marketing year (April-March), compared with 109.6 million tonnes on 31.1 million hectares last year, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).

https://www.world-grain.com/articles/16772-india-poised-for-record-wheat-harvest
 

Nilgiri

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~ 31 billion USD


Automobile and auto components, advanced chemistry cell batteries, specialty steel and high-efficiency solar panels have attracted the maximum interest.
 

Nilgiri

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Joe Shearer

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Link to paper:
Good one.

Chewy reading, but good for the intellect's gums.
 

crixus

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Come on man , I still remember the landline remain dead for months and you have to pay a annual tribute to line man to fix them , they killed themselves due to bad service and sarkari attitude .... Next question will be who killed Indian postal service
 

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Come on man , I still remember the landline remain dead for months and you have to pay a annual tribute to line man to fix them , they killed themselves due to bad service and sarkari attitude .... Next question will be who killed Indian postal service
lol, you saw the video? it has nothing to do with the thumbnail image. From the limited conversations, I had with a few distributors very long ago BSNL was corrupted to the core.
 

Nilgiri

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Jobs have reduced by 2 crore

A difficult, even impossible thought to sell to the social media crowd.

What is even more concerning is the precipitous drop in labour participation rate from already low 46% to something like 40%.

Lot of young folks have simply given up looking for a job....and subsist on trickle down effect of others employment/savings (and govt transfers as well). I think informal contract jobs in services provide some of the slack too, but hard to say how much.

Some of this was of course result of the covid pandemic + shutdown of economy....and might see improvement later back to pre-covid level.

But 46% already being low is the major issue structurally. Unemployment rate (of wherever between 0 - 15%) really does not mean much with LPR this low.

The supply side of Indian economy is woefully behind still.

These numbers again improve to some respectability if you look at India minus (UP+Bihar etc)... those population concentrations being as underdeveloped as they are really pull down the Indian average significantly.

India can only reach middle tier development if those populations are unlocked to the potentials seen in other places of the country.

@Jackdaws (checking if you checking in)
 

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