migflug
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It doesn't matter as long as India has the capacity to pay for it. India's revenue collection is at about 20.1% of its GDP vs Indonesia's 13.56%.Latest IMF Projection, October 2023
Indonesia Gov Debt
View attachment 960286
India Gov Debt
View attachment 960282
Yep, but total investment for the last 9 months are growing at 21 percent YoY. Domestic Investment is about 48 % of total investment while the rest is FDI.
As of now, there is no comparison. India's manufacturing and services PMI has been at high 50's for the past year where as Indonesia a very low 50's. There's no comparison there.Yep, but total investment for the last 9 months are growing at 21 percent YoY. Domestic Investment is about 48 % of total investment while the rest is FDI.
Goto, our biggest technology company is also in the path of profitability after able to cut loss about half in Q3 2023.
Indonesia is the only country in ASEAN where its PMI have been in continously expansive mode for quite long term. In latest PMI data, only Indonesia which PMI is in expansive compared to other ASEAN countries ( Singapore, Vietnam, Malaysia, Piliphine, and Thailand)
It will likely be tight race between Indonesia and India for long term.
How does it matter? India's services exports again covered the deficit to an extent and the rest will be covered by remittances and foreign investment. As long as we are balancing the deficit with something else, even the imports are good. It explains the strength of an economy and reflects in the consumption.Tit for tat
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Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October
Source: Xinhua| 2023-11-15 18:36:15|Editor: huaxia
JAKARTA, Nov. 15 (Xinhua) -- Indonesia's trade surplus reached 3.48 billion U.S. dollars in October, marking the 42nd consecutive month in trade surplus, showed data released by Statistics Indonesia BPS on Wednesday.
"In October, the trade surplus from the non-oil and gas sector, which amounts to 5.31 billion dollars, was lessened by the deficit of 1.83 billion dollars in the oil and gas sector," deputy for distribution and service statistics Pudji Ismartini told a press conference.
Although down 10.43 percent compared to October last year, the export value in October was 22.15 billion dollars, up 6.76 percent from the previous month.
The import value was recorded at 18.67 billion dollars in October, up 7.68 percent from September, and down 2.42 percent from a year earlier.
From January to October, China accounted for 25.42 percent of Indonesia's non-oil and gas exports, followed by the United States with 9.55 percent, and India with 8.17 percent, showed the BPS data.
Meanwhile, the top three countries for non-oil and gas imports to the Southeast Asian country were China, Japan and Thailand, taking up 33.09 percent, 9.02 percent and 5.55 percent, respectively. ■
Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October
Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October-english.news.cn
India’s trade deficit widens to record level in October
In October 2023, the trade deficit widened to $31.46 billion, compared to $26.31 billion in the same month last year.
India’s trade deficit widens to record level in October
In October 2023, the trade deficit widened to $31.46 billion, compared to $26.31 billion in the same month last year.www.indiatoday.in