CallSignMaverick
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We did find new oil discoveries off the Mumbai coast this week.Hopefully we too find some oil near our Andaman & Nicobar islands.
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We did find new oil discoveries off the Mumbai coast this week.Hopefully we too find some oil near our Andaman & Nicobar islands.
In an earlier post you said this quarter’s goal will be important for understanding india’s future growth. What should we extrapolate if the growth is at certain percentages? For example, Below 5%, 5-6%, 6+%Adjustment is made to make the calculation based on the reality.
We will see real figure for Q1 2023 two weeks from now...........
In an earlier post you said this quarter’s goal will be important for understanding india’s future growth. What should we extrapolate if the growth is at certain percentages? For example, Below 5%, 5-6%, 6+%
Is this an indication of a potential likely ceiling for their growth rate?
What would a sub-5% growth in Q1 2023 imply for long term Indian growth in your opinion?According to me, Indian Q1 2023 economic growth will not likely be too different with their Q4 2022 which is only around 4.5 %.
I have explained many times here that previous high growth in India economy is more related to low base figure generated during Covid 19 period.
India economic growth has already been in decline mode since 2019 (Before Covid)
We just need to wait for the real figure to come out about one or two weeks from now to confirm which projections is the nearest to the reality
RBI says India's GDP growth in 2023-24 will be 6.5%According to me, Indian Q1 2023 economic growth will not likely be too different with their Q4 2022 which is only around 4.5 %.
I have explained many times here that previous high growth in India economy is more related to low base figure generated during Covid 19 period.
India economic growth has already been in decline mode since 2019 (Before Covid)
We just need to wait for the real figure to come out about one or two weeks from now to confirm which projections is the nearest to the reality
No I am just hoping we find some oil there as they are in the same subduction zone of Indo-Australian plate, where Oils are usually found around the world. Just like you guys found it near northern Sumatra.Who is doing the exploratory drilling in Andaman and Nicobar Islands areas ?
This Pertamina founding is not in Andaman and Nicobar, but in Nort Sumatra, inside Malacca Strait.
For Indonesia oil and gas founding in near Andaman and Nicobar Island, the founder is Premier Oil from England, mostly they find Gas there
Not new discovery, just new oil blocks in same oil fieldWe did find new oil discoveries off the Mumbai coast this week.
North Sumatra province is not the same with Aceh province. North Sumatra province capital is Medan, largest city in Sumatra Island while Aceh Province capital is Banda Aceh. Both provinces though close to each other.No I am just hoping we find some oil there as they are in the same subduction zone of Indo-Australian plate, where Oils are usually found around the world. Just like you guys found it near northern Sumatra.
North Sumatra(Aceh) and Nicobar are just 150 KMs apart.
Projection is just a projection.India's forex reserves hit $600 billion
India's forex reserves edge towards $600 billion, hit near 1-year high By Reuters
India's forex reserves edge towards $600 billion, hit near 1-year highwww.investing.com
RBI says India's GDP growth in 2023-24 will be 6.5%
India GDP growth FY24: RBI Governor Shaktikanta Das optimistic about economy growing close to 6.5% during 2023-24 - CNBC TV18
The RBI governor said that the central bank stands by its FY24 GDP growth forecast of 6.5 percent, even as some global agencies, including the International Monetary Fund (IMF) and World Bank, have projected lower growth rateswww.cnbctv18.com
UN says India will grow at 6.7% next year.
India to grow 6.7% in 2024, remain one of the few 'bright spots': UN report
While most countries across the globe have entered a slow recession, the Indian economy is expected to grow by 6.7 per cent in the calendar year 2024, emerging as one of the few bright spots, a new UN report has revealed. The World Economic Situation and Prospects as of mid-2023 report...www.wionews.com
It means their economy will keep growing, but not likely as fast as they are expecting and hope.What would a sub-5% growth in Q1 2023 imply for long term Indian growth in your opinion?
Advanced estimates state our GDP grew 7% in real terms in 2022-23. And it'll end on a similar note in 2023-24 as well.Indian economic projection has been famous as too optimist from real figure that later will come out.
Better wait about 1 week from now where early estimate close to real figure will be announced by your Central Bank.
Every economy will eventually rise to the level of its society.
Both countries have modernizing societies, however, both also seem to have a portion of society that would like to go backwards into some perceived golden age or religious purity.
Indonesian business as far as I know is mainly run by Chinese origin born in Indonesia while the native population run the government. In the long term this is a friction point.
Indian economy is run by native Indian born. They seem to be very good at tech and have a " civilizational view" so that may in the long term give them an edge.
Pakistan is mostly confused and large sections of society has moved backwards and it shows. It would be easiest to tap into the Indian growth story but I think most of us find it too bitter a pill and would prefer an "honorable death" .