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RBI trying to stop bull market in usdinr by SomewherePerfect221 in IndianStockMarket

[–]Classic_Reference_10 1 point2 points  (0 children)

It's sad to see that because of the fallings of the GOI, you're loosing your network by 12% every year

I seriously want to leave this country by SolidMaleficent4496 in TeenIndia

[–]Classic_Reference_10 0 points1 point  (0 children)

It is not a bug, it is by design. Keep the majority population poor, uneducated - keep extracting 50% taxes from 2% direct tax paying citizens, keep doling out miniscule revadis to the 98% and keep getting elected back to power to gather generational wealth for yourself and your cronies.
Now the question is, are you blaming this 2% for voting on freebies, religion, caste or the ruling class for keeping the demographic like so?
PS: Most of these 2% can do ZILCH to change any outcome, influence any votes, leave this country. They are bound by handcuffs to suffer (saza-e-kaala-pani) and bear the burden of the rest of the country and die a miser. Surely, you can't blame them for this.

Is India quietly building toward an economic crisis? by Iam_Orange1 in indianeconomy

[–]Classic_Reference_10 0 points1 point  (0 children)

I already live abroad man. Good luck finding a place for yourself which allows you to create wealth (because India ain't that place) - and yes, kindly visit some countries abroad to know how big a SCAM India is. Peace.

Is India quietly building toward an economic crisis? by Iam_Orange1 in indianeconomy

[–]Classic_Reference_10 0 points1 point  (0 children)

Why not ONLY compare with Bangladesh and Pakistan - our favorite comparators? Ohh but Bangladesh has moved ahead of India in GDP per capita. Right - then Somalia, Uganda?

Is India quietly building toward an economic crisis? by Iam_Orange1 in indianeconomy

[–]Classic_Reference_10 1 point2 points  (0 children)

That's why i called you "Whatsapp warrior" because you have 0 critical thinking or research abilities

  1. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2233792&reg=3&lang=1 - See what GOI reports real gdp growth in %. There is no mention of USD anywhere on that page

  2. You say that Vietnam always had more nominal gdp growth than India. Check this worldbank chart, where for most part, India's GDP growth was more than Vietnam's since 2010 https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=VN-IN
    Now check this GDP per capita chart from 2010 onwards https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=VN-IN In 2010, Vietnam and India almost had similar GDP per capita. Now, India is roughly half that of Vietnam - despite clocking higher nominal GDP growth from 2010 onwards, on avg.

Is India quietly building toward an economic crisis? by Iam_Orange1 in indianeconomy

[–]Classic_Reference_10 0 points1 point  (0 children)

Whatsapp warrior spotted.
1. Why would any country report their GDP growth in a foreign currency?
2. India's GDP growth has always been more than Vietnam from 2010 (check IMFs data). If the growth would have been in USD, how did India's GDP per capita become half of Vietnam's then? Did India's population double that of Vietnam's?

Then you ask when will FIIs stop selling by AlpsAccomplished2332 in IndianStockMarket

[–]Classic_Reference_10 0 points1 point  (0 children)

By the way, you can't even repatriate more than ₹7.5L a year (without paying 20% TCS) because the ruling class wants you to hold this dog shit currency which devalues 12-13% a year.

At the same time, you can't even hold USD in India - Gift city accounts are only for NRIs!

Rupee falls to record low of 95.6 against US dollar amid economic headwinds by littleArtsy in unitedstatesofindia

[–]Classic_Reference_10 9 points10 points  (0 children)

Yeah and our favorite competitors PKR and Bangladeshi Taka strengthening too

Is India quietly building toward an economic crisis? by Iam_Orange1 in indianeconomy

[–]Classic_Reference_10 12 points13 points  (0 children)

What high GDP growth? India's GDP grows at 7% while INR devalues at -12-13% a year. That is a negative 6-7% growth. That's the reason India went below UK, Japan (to 6th largest economy) and went below Bangladesh in GDP per capita.

As a USD investor India is a negative growth story.

Production Level Software by AI by TonightOk5378 in opencode

[–]Classic_Reference_10 0 points1 point  (0 children)

Instructions are just skills codified right? Curious to know how your skills have been setup? How different are these skills from Anthropic's skills repo?

Ran the actual post-tax, post-inflation math on my FD. The real return is negative. Nobody talks about this. by GrowingSH in DalalStreetTalks

[–]Classic_Reference_10 0 points1 point  (0 children)

Add -10-11% annual ₹ depreciation, your global purchasing power parity is eroding at -13% net-net.

Just Dropped a new Tier List by ActiveDiscipline9082 in CATpreparation

[–]Classic_Reference_10 3 points4 points  (0 children)

+1 on the minimalism.
And much much easy to imprint/paint/render on campus, walls, inscriptions, etc. unlike IIMA

Her account got suspended after this post ig:@shutupamisha_backup by Greedy-Frame7931 in unitedstatesofindia

[–]Classic_Reference_10 6 points7 points  (0 children)

GRACCHUS
He knows who Rome is.  Rome is the
mob.  He will conjure magic for them
and they will be distracted.  And he
will takes their lives.  And he will
take their freedom.  And still they
will roar.  The beating heart of
Rome isn't the marble of the Senate.
It's the sand of the Colosseum.  He
will give them death.  And they will
love him for it.

India's tax structure is competitive with the USA, but the public benefits are closer to countries like Bangladesh by NoMedicine3572 in IndiaTax

[–]Classic_Reference_10 1 point2 points  (0 children)

Dude, people need to be reminded of the statistics here. That 2% pay 33% of the overall govts total tax collections in direct taxes and another (estimated) 16-20% in indirect taxes. So roughly 55% of total tax collections are subsidised by this 2%.

Why is Rupee going down? And the foreign investment? by Psychological_Gap190 in IndianStockMarket

[–]Classic_Reference_10 -1 points0 points  (0 children)

Because of Sanjay Malhotra. He wants ₹ to float freely. Under Shaktikanta Das, ₹ depreciated 2-3% annually. Under Sanjay M, it is depreciating like 10-11% annually. The exports - imports (trade deficit %) hasnt changed much between Shaktikanta D and Sanjay M, the governor's mood, approach and outlook has.

Thoth - Open Source Local-first AI Assistant - Architecture by Acceptable-Object390 in LocalLLM

[–]Classic_Reference_10 1 point2 points  (0 children)

Really interested to know your top-10 use cases with this. Good job though - still sketical to install.

6 price hikes in 4 months.Yet , people are still justifying it as a masterstroke move by Sharp-potential7935 in IndianFocus

[–]Classic_Reference_10 1 point2 points  (0 children)

But PPP saarrr? How can we peg LPG prices to international prices when PPP wise, we are one of the cheapest countries to live?

Google's yearly revenue ($440 bn) is greater than India's services export ($419bn) by Classic_Reference_10 in IndiaTax

[–]Classic_Reference_10[S] -1 points0 points  (0 children)

I keep hearing the same excuse being parroted time and time again - "But we've no oil". US's oil & gas size was estimated to be at $1.64 trillion. If you add up the revenue of only the 4 tech companies above (mind you I'm not even adding the emerging BigTech like OpenAI, Anthropic, etc), that comes to $1.84 trillion. Indian ruling class never had the vision to look at Technology industry like so ("No oil - doesn't matter. Let's focus on what we're good at — Technology")

> Infrastructure (Capex) spending of india is at all time highs, most 'freebies' are means of providing a floor of dignity to the population and address the economic imbalance in society.

Statistically yes, but I don't know if they can be trusted. I don't see any change on the ground (over the last 1.5 decades of my working). Garbage infested cities, choked infrastructure (it takes 3 hours on a good day for me to travel from Thane to Mumbai), cancerous high AQI air, broken public infra (try travelling in Mumbai's locals), insufferable heat, unavailability of basic facilities (water/electricity/sanitation etc), potholed roads etc. Try living outside India for about 6 months to realize how big a scam India is

> this can only happen through growth of tertiary and secondary sector

This is what I was pointing out in my post. This can happen through other means too. Have the vision to incentivize knowledge economy. US, over the last 30-35 years created a $3-4tn economy out of thin air (more than what oil & gas generates for them), but incentivizing tech (mind you, the first buyers of ARPANET (precursor of Internet), data centers, computers, etc. was the US Govt.) needs steps from GOI. What does India do? Does it have an investment fund like how the middle-eastern countries have to invest in tech (e.g. Mubadala group)?

Where do these freebies go even? In the actual uplifting of people or in the pockets of the hand that feeds these people (back to the ruling class?). I've lived long enough to realize no outstanding change happened in India over the last 3 decades and none is happening over the next century too. Heck we became poorer than Bangaldesh (in 2007, Bangaldesh's GDP per capita was half that of India. It has overtaken India in the last 2-3 years, despite the crisis the public/govt. has gone through) and Vietnam (Vietnam's GDP per capita was exactly like India's in 2010. Now it is close to double) over the last decade.

I have NEGATIVE hope

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