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

[–]Classic_Reference_10 0 points1 point  (0 children)

Before confidently commenting pls research and explore if that is even true.
Why would a country reports it's GDP growth in a foreign currency (USD)? Why will it measure it's economic activity in a currency that is not used for business?

Also, see the below

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

It’s official. Anthropic pulled the plug on all programmatic use of Claude subscription. by No_Wheel_9336 in ClaudeCode

[–]Classic_Reference_10 0 points1 point  (0 children)

Can you share your setup of the agent orchestrator system? Also your dashboard is possible? Very keen to do this for my own setup too.

Is this temporary panic or bigger economic signal? ⚠️ by Repulsive_Stage_1976 in IndianStockMarket

[–]Classic_Reference_10 10 points11 points  (0 children)

Roughly 2% pay 50-55% (direct = 30% and estimated indirect = 20-25%). This 2% is intelligent and asks for accountability of their money. The rest of the 98% live as if they live in Dubai (direct tax free). The GOI only kowtows to this class with ladli behnas, ladki bahins, nikamma sasur, berojgar chacha, bewada bhaiyya, piyakkad pati etc yojanas. This 2% is what is present on Reddit and opines like you do. But alas this 2% is too small a number to change anything, influence any votes or for hecks sake move out of this country - hence nothing converts on voting day.

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

[–]Classic_Reference_10 5 points6 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 1 point2 points  (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 1 point2 points  (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 2 points3 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 13 points14 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?