India Developing, but still a long way to go

[Brahmos_2]

Trivandrum

 

[patentneer]

I do not see how that is possible. The economy actually SHRANK in real terms as the value in $ terms of our economy was reduced considerably. Although I do agree that export market is going to be better for SOME companies, it will not be good at all for many industries that import raw material. India still produces very little high-tech specialist goods locally and they need to be imported. A lot of high-end manufacturing units will have to suffer. Also, fuel is indeed a major chunk of our imports. Do these countries really accept INR? I do not think so! They demand 100% dollar payments from the last time I checked because the INR is worth nothing now.

As a side note, why the bloody fcuking hell are we importing so much gold!! Has the nation gone crazy!?!? It stands at 12% of import value. This has to stop.

^^

I give you that the economy would be calculated to have shrank.

• But what raw materials are you talking about?

Crude oil, raw diamonds, semi-conductor chips and GOLD.

All are a bonanza for the govt. re: taxes. Govt.'s all over the world are addicted to oil. Diamonds are for export. Indian middle class gold crazy. Can't stop, smugglers! Better govt. enables gold import and tax it. Chips are a necessity-all those cell-phones. Think positive!

All are available from multiple Asian sources on reasonable terms, even negotiable terms. OPEC oil suppliers are actually very nice to India, it is the Indian govt. buyers who don't care because it's the public purse. India is a big crude oil buyer. Indian govt. oil buyers should actually be public personalities yet one has never heard of a single govt. buyer, ever; these buyers and keepers of the public purse operate witth maximum secrecy and opacity. Why?

Off-topic, Hiranandani Powai must be among the best Globally, and housing in India will get better as infrastructure fans out to reach more people. Check Delhi NCR's metro and highways (Noida and Gurgaon areas have the Yamuna Expressway, DND Expressway and Gurgaon Expressway which are among the best in the world) reach and you'll get an idea.

 

[TheGujju]

Trivandrum

Djeez man! TVM looks like a tropical paradise! God's own country indeed. I would LOVE to settle down here when I grow old

 

[Iggy]

Djeez man! TVM looks like a tropical paradise! God's own country indeed. I would LOVE to settle down here when I grow old

Yea except for monsoons All these roads are going to be flooded on monsoon

 

[IndoCarib]

Chennai metro U/C

 

[Echo_419]

Yea except for monsoons All these roads are going to be flooded on monsoon

You are confusing it will New Delhi

 

[Iggy]

You are confusing it will New Delhi

See yourself.. Come to Kerala next June and enjoy the monsoon season..

 

[patentneer]

Keral real-estate is expensive!

Ozone Tower, Mumbai Central: 45 floors
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-I found this render to be fabulous re: the background and sorrounding detail's. Desi projects don't do that normally.

 

[patentneer]

^^

Facts, not TV/media sensations, but hard facts!

India solves it's problems systemically, they are large problems.
Some of India's problems go back 100's if not 1000 yrs., other's have amplified or diluted.

1. • The low hanging fruit of economic reforms have done well. All industrial and services sectors have actually boomed beyond belief. In 20 yrs., $ 108 Billion IT, $ 25 Billion crude refining or $ 10 Billion exports and huge local consumtion are good eg.'s. These sectors grew 20-35 %.
   • Economic reforms re: subsidies, labour, land, minerals, farming are very hard to take on as they have even stronger vested interests then business sectors. No change till elections. Then things will change slowly. This Aadhar scheme is basically an anti-subsidy pilfering scheme. Will be done in a couple of yrs. This may add 1-2 % to India's GDP. Farming reform, mining reform will add 2-3 %. Labour and land reform may even add 3-5 % to the economy because India is a 80% arable land + worlds' largest labour pool country.
   • The above will expand markets and the manufacturing and services industries will recover to decent growth again. With all sectors synchronised, a long, sustained 35-50 yr. 8-10 % boom will start by midway for the next govt.

Want to know about the fall of the Ind. Rs. ?

• The Rs. fall is fantastic news for Indian economy since India doesn't import $hit! Only exports.
  The falling Rs. make Indian IT, Auto, Refinery, gems & jewellery $ export sectors boom. Inversely, $ and hard currency remittance inflows get a boost. Both are among the world's largest and in the $ 100's of Billions!
  
  Put another way, India's economy grew ~ 15-18 % in that one shot of the Rs. downgrade.
  
  The major import item of energy - oil & gas, are from 'friends' Iraq, Iran, S. Arabia, Oman, UAE who trade on easy terms, often Rs. terms. 1/2 the stuff is paid for in Rs. eg. Iran.

Western Maharashtra's, and now Gujarat's water problems of before are hardly mega issues now re: dams and canal networks, specially in West Maharashtra on the dry, inland side where little rain and run-off meant dry, barren land. Gu. is a relatively new state hived off from erstwhile Bombay presidency via Rajasthan

Since British days this area, like colonial Punjab, produces cotton and alcohol grade sugarcane by the truck loads.

^^

Iran first, now Japan in $ 50 Billion Indian Rs. deal. These 2 are among India's largest trades.

India, Japan to enhance currency swap arrangement to $50 billion - The Economic Times

 

[[Z]eEshAn]

How Can i post images on this thread ?? any1 plzz tell me ??

 

[Ayush]

How Can i post images on this thread ?? any1 plzz tell me ??

first u have to make an account on image sharing sites-e.g. photobucket..
u need to upload your pics there.. after that when u preview your pic,u will find links to the photo(given by photobucket). u need to copy that link and paste it(url) after clicking the insert image button on pdf quick reply..

your pic will be displayed..

 

[TheGujju]

first u have to make an account on image sharing sites-e.g. photobucket..
u need to upload your pics there.. after that when u preview your pic,u will find links to the photo(given by photobucket). u need to copy that link and paste it(url) after clicking the insert image button on pdf quick reply..

your pic will be displayed..

Plus, you have to have 30 posts completed before you can post photo links

 

[black_jack]

Math fail about $3K sqm.

nope u r still wrong it's about $11K sqm

 

[patentneer]

When bored, I often hit a page number to check old pic.'s.

I'm often surprised that like the pic. below; areas that I have personally frequented in Delhi have changed so much that I can't recognise them in this thread. I believe I may have traversed some areas more than most people on this thread.

Barakhamba Offices, Offshoot Connaught Place
---------------------------------------------------------
- It looked like Bombay yrs. ago, Colaba area

Mumbai is This Totally Different Place Since I Was There
----------------------------------------------------------------

Then there are parts of India now that don't look 'Indian'.
Bnagaloe is more tropical or at best, Singapore like, like below.

 

[Abingdonboy]

Most people cannot afford a lot of things, not just here, but anywhere in the world. The fact however, is that a lot of people can afford to buy expensive apartments in Bombay city and its suburbs which is why we build 'em in the first place. Prices are unrealistically high in many places, but that's another story. FYI, the pic that you referred to in your question is from the rather distant eastern suburb of Powai.

Basic economics bro- suppy&demand.


If the demand wasn't there then these projects would be economically unviable and they wouldn't be asking for such high amounts.