CECA need 20trillion to Huat Big Big by 2047, Boss John n Cik Syed can u invest more into Motherland Yeedia?

[k1976]

https://www.bloomberg.com/news/arti...-plans-for-india-s-economy?srnd=homepage-asia

Election GuideVoting DatesKey
Businessweek
Economics

Modi Is $20 Trillion Short on His Grand Plan for India’s Economy​

To reach developed status by 2047, the country would need a sixfold increase in GDP.

Indian Prime Minister Narendra Modi (center) with local officials at a Bharatiya Janata Party campaign event in Rajasthan on April 12

Photographer: Vishal Bhatnagar/NurPhoto/AP Photo
By Ruchi Bhatia and Anup Roy
April 29, 2024 at 5:00 AM GMT+8

In an August 2022 speech delivered at the historic Red Fort in New Delhi, Prime Minister Narendra Modi made a bold pledge: India will be a developed country by 2047.

The annual Independence Day address is often big on promises and grand visions, so the pronouncement didn’t stand out at the time.

Yet more than a year later, the phrase Viksit Bharat—or Developed India—has come to define Modi’s economic vision for a likely third term in office in national elections that began on April 19 and run through June 1.
https://www.bloomberg.com/tips/

 

[k1976]

The phrase has cropped up in at least 23 of the 29 official speeches Modi has made since March.

His Bharatiya Janata Party highlights the goal prominently on the first page of its 76-page election manifesto and goes on to mention it 11 more times. It also regularly surfaces in presentations by government ministers and has filtered into policy documents. Central bank staff members have published their own road map for reaching it.

“This decade is crucial for fulfilling the dreams of a Viksit Bharat,” Modi said at an event in March. “This decade is about fulfilling those aspirations that once seemed impossible to the people.”

There’s no standard definition of a developed country and Modi hasn’t announced any specific targets, making it difficult for economists to assess India’s chances of meeting his goal.

The World Bank ranks countries from low to high income. Analysts at Oxford Economics crunched the numbers and concluded that India would need to raise per capita income levels from $2,434 last year to $13,845, based on 2023 prices, to attain high-income status by the centenary of its independence from Britain.

This would require boosting gross domestic product more than sixfold, to about $23 trillion, which would necessitate economic growth of at least 8% a year for the next quarter century.

Modi’s target “is highly ambitious,”
says Alexandra Hermann, Oxford Economics’ lead economist, in an email.

“Never say never, but our own forecasts are for the economy to grow by 6.6% per year on average over the next five years, with the pace of expansion slowing over the medium term as the economy develops further.”

https://m.fastbull.com/news-detail/modi-is-20-trillion-short-on-his-grand-3828518_0

 

[k1976]

Even though India’s economy grew more than 7% in the fiscal year that ended in March and is expected to match that in the current one, achieving a consistent 8% pace would be extremely difficult. China was one of the few countries to manage it—growing an average of 10% a year for about three decades after it initiated economic reforms in the late 1970s—yet the World Bank still classes it as an upper-middle-income country.

“Given that India has never consistently achieved 8% growth per year, I think it’s pie in the sky,” says Tom Miller, a senior analyst at Gavekal Research, in an email. “India is more financially constrained than China was, and nor is its economy structured to grow through massive China-style investments.”

That doesn’t mean India can’t grow fairly rapidly and “develop successfully over the next quarter century, which is what actually matters,” rather than meeting some arbitrary target, he says.

China’s per capita income stood at $12,720 as of 2022, according to the World Bank. President Xi Jinping’s target is to make China a “medium-developed country” by 2035—a goal that is also not clearly defined but which economists say implies a doubling in the size of GDP from 2020 levels.

The United Nations’ Human Development Index, which takes into account health and education metrics, along with other measures of quality of life, is often used as a yardstick to measure a country’s prosperity beyond income levels.

By that gauge, India currently ranks as medium level, with an index level of 0.64. A country is generally considered developed with an index above 0.8.

 

[k1976]

Among India’s biggest challenges will be improving its education system and providing more jobs for the millions of young people who enter the labor market every year. Research from the International Labour Organization shows that almost a third of university graduates in India are unemployed, a level almost nine times higher than for those who can’t read or write. More than half of the population of 1.4 billion is below the age of 30.

Raghuram Rajan, India’s former central bank governor and now a professor at the University of Chicago Booth School of Business, has said it’s “nonsense” to talk about being a developed economy without improving the quality of education and addressing high dropout rates. Modi’s supporters and government officials roundly criticized Rajan on social media for his views.

Viksit Bharat is less about hard targets and more about tapping into the aspirational spirit of Indians who see their country growing in stature globally, says Milan Vaishnav, director and senior fellow of the South Asia Program at the Carnegie Endowment for International Peace.

“Modi has cast himself as a transformational leader and, as a result, he requires a transformational ambition,” he says. “Even if India does not achieve the benchmarks Modi has laid out, few will fault him for setting a marker down.”

In his close to 10 years as prime minister, Modi has rolled out several campaigns to boost India’s stature.

His administration’s Make in India program, which aims to turn the country into a world-class manufacturing hub to rival China, is credited with helping increase annual foreign direct investment by more than 40% since 2014. Besides lobbying US businesses such as Apple Inc. and Tesla Inc. to expand or open factories in India, his government also has courted investors in the Middle East.

As chair of the Group of 20 countries last year, Modi positioned India as the voice of the so-called Global South of developing countries.

While officials have not publicized economic targets to reach the 2047 goal, internal estimates by the Finance Ministry project the economy will reach $6.69 trillion by 2030 and $29.02 trillion by 2047, before adjusting for inflation, according to people familiar with the figures. In the next six years, Modi’s goal is to double per capita income, to $4,418, they said, asking not to be identified because the discussions are private.

“Leaders like Modi love coming up with grand development targets, especially when they are lapped up by domestic audiences,” says Miller of Gavekal Research. “Yes, it’s good to be ambitious—and China, for one, has used targets to direct policymaking. But I don’t put much store in the target date itself.”

Source:Bloomberg​

 

[syed putra]

Invests and get clobbered by corruption allegation, hidden tax charges, forced to sell by local partners cheaply, unheard of local shareholding ruling, local competitors unfair business practices........

 

[k1976]

https://www.asianinvestor.net/artic...for-india-ina-inks-deal-with-uk-entity/485454

Weekly Digest: Temasek's $10bn plan for India; INA inks deal with UK entity​

Staff Reporters
Jul 24, 2023
Temasek to allocate $10 billion to India over three years; INA inks deal with British International Investment; MFP inflows in H1 climb; GIC to acquire logistics facility in Japan; and more.

 

[k1976]

https://www.google.com/amp/s/www.bu...ndia-envoy-shilpak-ambule-124031300233_1.html

Will bring more investments from Singapore into India: Envoy Shilpak Ambule​

Singapore-based investors have been bullish on India and the latest REITs initiative increases opportunities to invest in India


The Indian High Commission here is working to get more and more investments into India's burgeoning economy led by aggressive progress being made in infrastructure, renewable energy and advanced technology space, envoy Shilpak Ambule has said.

The High Commissioner listed three factors driving the growth saying for India, it will be a green growth with the development of renewable energy, while digital infrastructure has been put in place for smoother flow of economic activities and thirdly it will be sustainable growth.​

 

[k1976]

He also highlighted the wide range of economic activities driving the India growth story like continuing efforts on skilling youths, development of advanced technologies like semiconductors and efforts towards the growth of rural economy and empowering women.

"The commitment from the Indian government is there and it has been delivered on the ground. We hope this continues for the next 10-15 years," the envoy told financial sector executives and members of the Singapore chapter of Institution of Chartered Accountants of India (ICAI Singapore).

Somnath Adak, chairman of ICAI Singapore chapter, said "the investment in the Indian infrastructure is going to be really strong and that brings a very good opportunity for India to tap on to domestic and foreign investments." He noted a new opportunity for foreign investments into India following the amendments by the Securities Exchange Board of India (SEBI) to the REIT Regulations 2014, outlining provisions for the formation of Small and Medium Real Estate Investment Trusts (SM REITs).

 

[k1976]

CECA 20trillion requirement is equivalent to 20000billion need de woh

 

[mahjongking]

20 trillion? they dont even deserve $20

 

[Cottonmouth]

Modi can go let dog fuck.
He can stick his head into Ginfreely's cheebye and take a deep breath. Filthy Fucking Shitskin.

 

[k1976]

20 trillion? they dont even deserve $20

U. Know lah

 

[k1976]

That is why smart satik Hero Musk fast hand fast leg cancel Yeedia Trip and go Tiongkok mah

 

[k1976]

Tesla CEO Elon Musk meets China's Premier Li Qiang in Beijing​

https://www.channelnewsasia.com/asia/elon-musk-tesla-ceo-beijing-china-premier-li-qiang-ev-4298386

Elon Musk has extensive business interests in China and his most recent visit was in June last year.

Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China on May 31, 2023. (Photo: Reuters/Tingshu Wang)
28 Apr 2024 05:26PM (Updated: 29 Apr 2024 12:05AM)

BEIJING: Tech billionaire and Tesla CEO Elon Musk on Sunday (Apr 28) met with China's number two official, Premier Li Qiang, who promised the country would "always" be open to foreign firms.

Musk - one of the world's richest people - arrived in China earlier the same day on his second trip in less than a year to the world's biggest market for electric vehicles.

 

[k1976]

https://www.google.com/amp/s/amp.th...-musk-china-visit-li-qiang-mapping-data-baidu

Watershed moment’ for Tesla as Elon Musk’s visit to China reaps quick reward​

Deal to use mapping data from web search giant Baidu is a big step towards launching driver assistance tech in world’s biggest car market
Jasper Jolly
Mon 29 Apr 2024 06.00 EDT

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Elon Musk’s visit to China has reportedly reaped immediate rewards with a deal for Tesla to use mapping data provided by web search company Baidu, a big step in introducing driver assistance technology in the world’s largest car market.

Musk made an unannounced visit to China over the weekend. The billionaire posted a picture of his meeting with the Chinese premier, Li Qiang, on X, the social network he took over in 2022.

 

[k1976]

Baidu, which dominates web search in China, will provide mapping and navigation functions to help Tesla operate its driver assistance technology, which it calls “full self-driving”, or FSD, according to sources cited by Bloomberg News. Mapping services – crucial to driver assistance technologies – are strictly controlled by China’s government.

Despite its name, FSD does not provide autonomous driving abilities: it requires a driver who has “hands on the wheel and is prepared to take over at any moment”. However, launching it in China could help Tesla in the fierce competition for market share in the country, and provide more income. It costs $8,000, or $99 (£80) a month, although it is not available in many countries.

Musk is often combative in his dealings with politicians, such as strident criticism of the US president, Joe Biden, or a standoff in Brazil against a government he claims is censoring X, formerly known as Twitter. However, he adopted a more emollient tone towards China’s second most powerful politician, saying he was “honoured” to meet Li.

 

[k1976]

https://www.reuters.com/world/china...sks-hotel-beijing-reuters-witness-2024-04-29/



Elon Musk pushed for China's approval for Tesla to roll out advanced driver-assistance systems in a whirlwind trip to Beijing that ended on Monday, a step that could boost revenues at a time when Tesla is under pressure from Chinese rivals.

Tesla CEO Musk arrived in the Chinese capital on Sunday where he was expected to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer driving data overseas, according to a person with knowledge of the matter.

 

[k1976]

https://www.bloomberg.com/news/feat...town-to-test-autonomous-self-driving-vehicles


Business
Hyperdrive

Singapore Built a Dedicated Town for Self-Driving Buses​

The city-state’s secure test park gathers information about autonomous vehicles.


By Kyunghee Park and Krystal Chia
June 5, 2018 at 5:00 AM GMT+8

In the race to deploy driverless public transport, Singapore has built a mini town that could vault it into pole position.
The 2-hectare complex, unveiled in November, has intersections, traffic lights, bus stops and pedestrian crossings, all built to the specifications that Singapore uses for its public roads. There’s a mini hill to check how vehicle sensors perform when they can’t see directly ahead, mock skyscrapers to mimic the radio interference from tall buildings and a rain machine to simulate the island’s frequent tropical downpours.


Recap back in 2022 when satik satik sg lab proclaim to break sell driving tech secret...

Nio will collaborate with Singaporean science and research institutions on the new center, Chairman and CEO William Li said Friday in a video message for the automaker's debut on the Singapore Exchange that day.

The automaker looks to "leverage Singapore's advantageous position as an international financial and technology center," Li said, adding that the new hub will "broaden and enhance our global R&D footprint."


https://asia.nikkei.com/Business/Au...ns-Singapore-research-hub-for-AI-self-driving


24moons later
Nio SG Self Drive Research stllis still as usual- No Sound No Pic after so long....too Confortable with Aircon, all Jiak Liao Bee insai?

 

[k1976]

BLOW BLOW COW, STILL Keyi de​

​

https://www.insurancebusinessmag.co...es-coming-to-three-singapore-towns-85797.aspx​

Self-driving buses coming to three Singapore towns​

Plans for new transit system announced for autonomous vehicles​

Insurance News​

By Gabriel Olano
Nov 24, 2017Share

Self-driving buses could be on the roads of three Singaporean towns – Punggol, Tengah, and Jurong Innovation District – within five years.

According to the Coordinating Minister for Infrastructure and Minister for Transport, Khaw Boon Wan, the autonomous buses will complement conventional public buses and service first-last mile connections for residents and workers.

Khaw spoke at the opening of Singapore’s first testing centre for autonomous vehicles earlier this week.

“We expect that the autonomous vehicles will greatly enhance the accessibility and connectivity of our public transport system, particularly for the elderly, families with young children and the less mobile,” Khaw was quoted as saying by The New Paper, adding that the towns will also be planned with autonomous vehicle-friendly features in mind.