India

[Xerxes]

54 minutes ago, Parsad said:

 

Nope.  It was a U.S. sting that caught the assassin.  He was to take out the lawyer for the Vancouver sikh who was killed a few months ago.  They also had a couple of other targets they were assigned to take out.  

 

This is very, very ugly for Modi and India.  Reeks of the shit that Saudi Arabia was doing with Jamal Khashoggi.  

 

Will it get whitewashed like that incident, or will Modi's head be delivered on a platter in the next election?  Cheers!

this won’t be factor in India domestic affairs. In fact conducting assassination on foreign soil is often sign of great power status. 

 

Nor do I think this will be a major international issue. The Five Eyes will be just recalibrate slightly and tune down their rapprochement with Delhi. 
 

The Khashoggi was different and special as it was done in the most clumsy and disgusting way possible. Body being chopped off and thrown into acid inside of an embassy. And it involved two rivals: Turkey, the heir to the sultans, and the Kingdom, the up and coming leader of its block. 
 

Canada/US are not competing with India nor are they rivals. India however sees itself as a non-aligned world beholden to no one. There was interesting interview that The Economist had with the head of India foreign affairs back in summer before the whole thing blow up. It was very clear that Delhi was going to be transactional in its foreign policy. That is fine by me. As it is not for me to opine with whom other countries should be align to. As much as I like to have close relationship with Delhi.  

Edited November 30, 2023 by Xerxes

[Haryana]

https://www.cbc.ca/news/politics/indictment-india-canada-gupta-nijjar-1.7045174 

[

Arindam Bagchi, spokesperson for India's external affairs ministry, said the country has set up a high-level inquiry in response to the indictment.

 

"As regards the case against an individual that has been filed in a U.S. court, allegedly linking him to an Indian official, this is a matter of concern. We have said, and let me reiterate, that this is also contrary to government policy," he said Thursday morning.

 

Bagchi took a tougher stance on Canada's allegations.

 

"Insofar as Canada is concerned, we have said that they have consistently given space to anti-India extremists and violence. And that is at the heart of the issue," he said.

 

"We have also seen interference by Canadian diplomats in our internal affairs. This is obviously unacceptable."

]

 

[Haryana]

On 11/10/2023 at 4:46 AM, Xerxes said:

Meanwhile looks like Modi is scrambling to save face with Qatar government after its sailors were caught spying. The eight are facing the death penalty. 
 

https://asia.nikkei.com/Politics/International-relations/India-lobbies-for-8-nationals-facing-death-penalty-in-Qatar

 

but worry not a local YouTuber says it is masterstroke by Modi. Came up first on the search engine. 
 

 

 

Not local, she is international with more than a million subscribers.

She talks based of facts and figures instead of bias and prejudice.

 

[Xerxes]

10 minutes ago, Haryana said:

 

 

Not local, she is international with more than a million subscribers.

She talks based of facts and figures instead of bias and prejudice.

 

thanks. I ll try to listen to it in the coming days. 
 

understandably it is a YouTube channel and they get clicks by having outrageous video titles. 

[Haryana]

Foreigners Turn Bullish on India Stock Futures After Modi’s Wins

(Bloomberg) Thu, December 7, 2023

https://finance.yahoo.com/news/foreigners-turn-bullish-india-stock-064019496.html

 

"

Stocks extended gains to fresh record highs this week, as the local election results are seen diminishing risk of political upheaval in national polls next year. The NSE Nifty 50 Index is up 16% so far this year, outperforming most Asian peers as investors bet on strong earnings growth and improvement in domestic consumption as well as the likelihood of Modi winning a third term.

"

 

[Haryana]

IMF Staff Country Reports

https://www.imf.org/en/Publications/CR/Issues/2023/12/18/India-2023-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-542605

"

STAFF APPRAISAL
57. India’s strong economic performance, supported by macroeconomic and financial
stability, is expected to continue with balanced risks. India is today one of the fastest growing
economies globally, with projected growth at 6.3 percent. Headline inflation is expected to gradually
decline towards the target although it has been volatile due to food price shocks. The economy has
potential to grow faster and more sustainably if a comprehensive structural reform agenda is
implemented. Risks are balanced, with a global growth slowdown and adverse weather shocks most
salient on the downside, and more resilient consumption and private investment on the upside.

"

 

IND2023.pdf

[Haryana]

International Insurers Seize Opportunities to Expand in India

https://finance.yahoo.com/news/best-commentary-international-insurers-seize-023000911.html

[

India’s government increased the FDI cap to 74% from 49% in 2021, and since then several international insurance groups have expanded their minority shares in Indian insurers into controlling positions; most recently, Zurich Insurance Group proposed a USD 487 million investment in Indian insurer Kotak General Insurance. In the Best’s Commentary, "International Insurers Seize Opportunities to Expand in India," AM Best states that high-growth potential of India’s insurance market is an attractive strategic option for global insurance players.

]

https://www3.ambest.com/ambv/sales/bwpurchase.aspx?record_code=339177

 

[Haryana]

India’s Economy in 2023: A Year-End Review

Melissa Cyrill

 

As we near the end of 2023, we recap key developments shaping India’s economy and keeping it poised for rapid growth going into 2024.

---

Following a successful moon mission and hosting the G20 Summit, India is positioned to emerge from 2023 with increased stability and optimism for its growth and future prospects. The country’s attractiveness as an investment destination remains robust, given the size and scale of operations it has to offer to global companies, abundant skilled talent pool, and prowess in technology and innovation.

The industrial manufacturing sector has experienced a significant boost, attracting global technology giants like Apple eager to expand their supplier networks within India. ...

 

https://www.india-briefing.com/news/indias-economy-in-2023-a-year-end-review-30561.html/

 

 

[Haryana]

CNBC 

India is a ‘perfect’ emerging market for investors, ETF expert suggests 

https://www.msn.com/en-us/money/savingandinvesting/india-is-a-perfect-emerging-market-for-investors-etf-expert-suggests/ar-AA1lWJnk 

[

Carter, who manages the India Internet & Ecommerce ETF (INQQ), underscored the significance of India's technology investments in particular.

"What's coming along with that is $12 super computers," said Carter, referencing the Jio Bharat smartphone released this year, which aims to close the connectivity gap between India's rural and urban populations. "The smartphone is bringing those billions of consumers online for the first time."

That, according to Carter, is revolutionizing the financial system in a country of more than one billion people. 

]

 

[Spekulatius]

Seeing quite a few Indian tourists here in Thailand on my  vacation trip. According to our a Thai friends that's a new thing as they seem to partly replacing the Chinese tourists that are not traveling to Thailand that much any more after the shooting incidence in a Bangkok mall:

https://edition.cnn.com/2023/10/04/asia/thailand-shopping-mall-shooting-charges-intl-hnk/index.html
 

I think tourism from outbound India is going to explode as the country gets more wealthy.

[ICUMD]

China GDP per capita is 12,000 USD vs India 2,200 USD.  Basically India is where China was 15 yrs ago.

 

Will be interesting to see how the next decade goes for India.  A possible five fold increase in GDP per capita x 1 billion people =  tremendous improvement in quality of life and economic productivity.

[Haryana]

 

Domestic tourism is exploding already and Fairfax India with Bengaluru airport is still available for way below book value. 

 

Fairfax itself is getting the benefit of surge in Thomas Cook and also through increasing value of interest in Fairfax India. 

 

https://www.fmiblog.com/2023/12/18/india-sustainable-tourism-market-riverine-surge-to-us-151-88-million-aiding-a-19-3-cagr-by-2032-fmi/ 

 

https://www.msn.com/en-in/money/other/popular-tourist-destinations-in-india-swamped-as-year-end-tourism-explodes/ar-AA1mc77B 

[

Meanwhile, the travel frenzy is being reflected in the stock market as well. IndiGo has zoomed 22 per cent in the past 3 months. Travel intermediaries like EaseMyTrip and Thomas Cook India have risen up to 13% while International Travel House is up 23%. The rise in hotel stocks like the Taj Group and Lemon Tree Hotels is however more muted.

]

 

[Hektor]

 

https://www.nytimes.com/2024/01/02/business/india-economy-foreign-direct-investment.html

 

https://archive.is/6sH1t

 

From the article:

 

"India’s economy is booming. Stock prices are through the roof, among the best performing in the world. The government’s investment in airports, bridges and roads, and clean-energy infrastructure is visible almost everywhere. India’s total output, or gross domestic product, is expected to increase 6 percent this year — faster than the United States or China. 

 

But there’s a hitch: Investment by Indian companies is not keeping pace. The money that companies put into the future of their businesses, for things like new machines and factories, is stagnant. As a fraction of India’s economy, it is shrinking. And while money is flying into India’s stock markets, long-term investment from overseas has been declining."

 

According to the article, money is pouring into the Indian stock market, and not necessarily into Indian businesses. Will the current infrastructure spend by the Government Of India translate into confidence for local and/or global investors to deploy capital in India for the long term? Is there a perception that the rule of law needs strengthening in India? How will these (particularly the latter) affect FIH?

 

[Haryana]

 

[Haryana]

https://www.msn.com/en-in/money/topstories/indias-growth-to-remain-robust-world-economy-to-slow-down-in-2024-world-bank/ar-AA1mHpIg

India's growth to remain robust, world economy to slow down in 2024: World Bank

[

The government’s advance estimates, released Friday, estimated that the Indian economy will grow 7.3% during the current financial year. At the projected growth rate, India will retain its crown as the world’s fastest growing major economy.

]

 

[Haryana]

 

He is Asia's richest person as of today.

https://www.msn.com/en-in/money/topstories/mukesh-ambani-re-enters-elite-100-billion-club-as-reliance-shares-rally/ar-AA1mQocw

[Haryana]

Hawaii of India that almost nobody knows about - 

 

 

[Haryana]

 

 

[adesigar]

32 minutes ago, Haryana said:

Hawaii of India that almost nobody knows about - 

 

 

I hope it stays that way. I would hate for it to go the way of Goa and Konkan beaches.

[Haryana]

 

 

[Haryana]

At least $1 trillion of government securities traded daily in the most populous nation and biggest democracy is poised to become the darling of international investors when India this year joins the benchmark for emerging-market debt compiled by JPMo...

 

Read more at: https://www.deccanherald.com/opinion/indias-markets-are-turning-into-an-inexorable-force-2851586

 

[Haryana]

 

https://www.theglobeandmail.com/world/article-indian-navy-rescues-crew-of-us-owned-vessel-after-attack-on-ship-off/

 

 

 

[Haryana]

 

India does as many cashless payments in a month, as much US does in three years ..
 

http://timesofindia.indiatimes.com/articleshow/107058097.cms

 

 

[Haryana]

On 12/29/2023 at 10:51 PM, Spekulatius said:

Seeing quite a few Indian tourists here in Thailand on my  vacation trip. According to our a Thai friends that's a new thing as they seem to partly replacing the Chinese tourists that are not traveling to Thailand that much any more after the shooting incidence in a Bangkok mall:

https://edition.cnn.com/2023/10/04/asia/thailand-shopping-mall-shooting-charges-intl-hnk/index.html
 

I think tourism from outbound India is going to explode as the country gets more wealthy.

 

https://www.msn.com/en-in/travel/news/india-to-be-3rd-5th-largest-domestic-outbound-market-globally-by-2027-mmt-s-magow/ar-BB1h82SA

“Our international outbound business continues to scale well. During the quarter new direct flights to various destinations like Tashkent, Baku, and Bali have been announced and key international holiday destinations like Thailand, Sri Lanka, and Malaysia have announced waiver of visa for Indian travellers. This is likely to fuel greater demand for these international destinations in the times to come.”

 

[Spekulatius]

This perhaps could deserve its own thread but HDB (HDFC bank) looks interesting according to this writeup from valuepunks :

https://valuepunks.substack.com/p/hdfc-bank-an-update
 

I don’t know much about Indian banks, but HDB stock does look like a decent opportunity.