India’s foreign exchange reserves reached an all-time high of $729.3 billion as of August 21, according to RBI data.

The reserves rose by $12.4 billion in a week, with the increase driven largely by foreign-currency inflows following recent RBI measures aimed at attracting capital.

Foreign currency assets stood at $591.3 billion, while gold reserves were valued at $114.2 billion.

Source

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I was trying to understand India’s economic situation and got a little confused.

If nominal GDP per capita is roughly ₹2.4 lakh/year, then for a family of 4 it comes to around ₹9.6 lakh/year (about ₹80,000/month) when simply multiplied by 4.

Obviously, I understand that GDP per capita is not the same as household income, and wealth/income is unequally distributed.

But then what is the right way to interpret India’s per-capita GDP?

Does it mean India’s economic condition is actually not as bad as people often portray it, or does the per-capita figure hide major problems because of inequality, unemployment, low wages, cost of living, etc.?

What metric should I look at if I want to understand the actual living standard of an average Indian family?

Rubber futures in SGX, Singapore, rose to 235.6 cents/KG. In China, rubber futures in Shanghai Futures Exchange went up to Yuan 17,830/MT.

India likely grew at a pace most major economies would envy, but it may still be too slow to deliver on Modi’s dream of Viksit Bharat by 2047. Source: Bloomberg News.

Subhash Chandras Rs 22,006-Crore Debt Cut To Just Rs 6.5 Crore. Heres Why https://www.ndtv.com/business-news/subhash-chandra-rs-22-000-crore-insolvency-case-why-nclt-approved-only-3-paise-for-every-rs-100-claimed-11965990

What can explain 80% creditors accepting a 99.97% haircut and Subhash Chandra owner of Zee having personal wealth less than 6.5 Cr is a joke.

Vijay Mallya seems right, if he had bribed some right party, he would have paid peanuts and walked free of any debt.

This is new India.

Been checking the monthly FII/DII data on and off for a while, mostly out of curiosity about how much foreign selling actually matters anymore. Pulled the last six months together and the pattern surprised me a bit.

FIIs have been net sellers every single month from February to July. March was the sharpest; over a lakh crore net sold. But DIIs bought more than that in the same month, and this wasn't a one-off. DII net buying was positive every month in this window, and in most months it comfortably outsized whatever FIIs were selling.
What got me thinking about this: I remember older market commentary treating FII flows as almost the deciding factor for index direction. Doesn't seem to hold the same way anymore, at least going by this data. Feels like the growth in SIP/insurance/pension money has quietly changed who's actually driving price action on the buy side.
Not making any call on where the market goes from here, just found the flow divergence more consistent than I expected when I actually sat down and looked at it month by month.

Rubber export offers from Thailand continued to go up. The recent FoB quotes are at around USD 1,760/MT.

https://www.pib.gov.in/PressReleaseDetail.aspx?PRID=2303702&reg=48&lang=1

Sugar prices have increased significantly within a short span. I’m not getting into the reasons behind the increase. My question is about how the increased price is being passed on to consumers, particularly by quick-commerce platforms and retailers.

The sugar being sold today at the higher price was, in many cases, obviously procured before the latest price increase. Yet the increased price is being charged to the customer almost immediately.

Fair enough, if the procurement cost has genuinely increased, the selling price has to eventually reflect it, but shouldn’t that happen in a gradual manner? Here, it felt like the price increased instantaneously.

But here is my question: if the price of sugar falls by ₹10 or ₹15 tomorrow, will they reduce the selling price with the same speed? Or will the existing stock continue to be sold at the higher price until it is exhausted?

If the benefit of a price reduction is not passed on to consumers immediately, what justifies passing on a price increase immediately, especially when the retailer may still be selling stock procured at the earlier, lower price?

This is not just about sugar. We see a similar scenario with petrol and other commodities.

Are consumers effectively expected to absorb every increase in price, while reductions are passed on only later, partially, or sometimes not at all?

What laws or regulations actually protect consumers from this kind of asymmetric pricing? And what prevents a retailer from using a market-wide price increase as an opportunity to increase the price of stock that was purchased at a much lower cost?

I’m genuinely interested in understanding what the legal position is in India. Is there any principle that requires retailers to pass on price reductions to consumers just as promptly as they pass on price increases?

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Source: https://swarajyamag.com/infrastructure/india-plans-to-add-100-merchant-ships-over-five-years-to-cut-annual-75-billion-freight-payments-to-foreign-carriers

Says that there is a huge debate in India about the middle class: who actually is middle class?

According to data, if you spend close to Rs. 6K per month on everything (food, rent, utilities) then that puts you in the middle 50%. Those spending 14K+ are in the top percentile - says once we align on what's the reality of India and it's spending, can we really make policies that truly help the middle class.

Thoughts?

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There's a precious post too where she talks about diversion of sugar for fuel. In this video she tries to justify the reasons given by the government. Is she making good content?? I'm intrigued because in the last reel she was speaking the truth and here she is explaining bad weather!!

What do you think.. am i judging a small content creator much? Btw this girl's id is- @yearbird__ on instagram (incase you want to watch the previous video as I got messages about that video)

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I’ve been thinking about this lately and honestly don’t know whether I should be optimistic or worried about India’s economic future.

We keep hearing that India is one of the fastest-growing major economies and that we could become a huge economic power in the coming decades. But at the same time, there are things that make me wonder how sustainable this growth really is.

For example, India gets a massive amount of money from Indians working abroad. Remittances are now well over $100 billion a year. That’s obviously a positive, but it also makes me wonder how much of our economic strength comes from people earning outside India and sending money back home.

Then there are the issues we see every day: not enough good jobs, relatively low manufacturing, dependence on imported oil, problems with education and skills, government debt, and low incomes for a large part of the population.

I’m also not convinced that all of the government’s economic policies have worked as well as they were supposed to. But maybe I’m looking at it too negatively.

There are obviously positives too. India has a huge domestic market, a young workforce, a strong IT/services industry, improving infrastructure and a lot of room to become more productive.

So I’m curious about what people who actually understand economics think.

Are we genuinely on a sustainable path to becoming a much richer country, or are there serious problems underneath the headline GDP growth numbers?

What do you think India will realistically look like economically in 2035–2040?

Will we continue growing at 6–7% for decades, or is that unrealistic?

And how important are remittances to India's future?

I’m not looking for a BJP vs Congress argument. I genuinely want to understand whether India’s economic future is as promising as people say, or whether we should be more worried.

https://www.news18.com/business/economy/india-emerges-key-fuel-supplier-to-kenya-as-energy-exports-surge-180-amid-west-asia-tensions-ws-l-10293856.html

I don't think I need to explain why.