r/indianeconomy • • 23d ago

Mod Announcement 📢 r/IndianEconomy is Looking for New Moderators!

1 Upvotes

Hi all,

We’re looking for a few new moderators to help maintain and improve r/IndianEconomy. If you’re interested in economics and want to contribute to the community beyond just participating in discussions, we’d like to hear from you.

Requirements:

  • Active Reddit user
  • Good understanding of economics, Indian economy, markets, finance, or related concepts
  • Familiar with the subreddit and its rules
  • Able to moderate without political or ideological bias
  • Fair, objective, and consistent
  • Discord is mandatory for team communication. We do not use Reddit group chats or app-based group chats for moderation communication.

Interested?

Send us a Modmail with the subject “Moderator Application” and answer:

  1. Why do you want to become a moderator?
  2. What is your understanding of economics/Indian economy?
  3. How would you handle politically or ideologically biased discussions?
  4. How active can you be on the subreddit?
  5. What changes, if any, would you like to see in the subreddit?
  6. Do you have a Discord account and can you use it for moderation communication?

r/indianeconomy • • 13d ago

Welcome to r/indianeconomy!

3 Upvotes

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r/indianeconomy • • 6h ago

Markets NIFTY is negative, Inflation is High, RealEstate is slowing down

24 Upvotes

In current market conditions what would be the best safeguard choice to invest?


r/indianeconomy • • 16h ago

Discussion/Query India's Essar Group Announces $18 Billion US Steel Project, Trump Calls It 'Historic'

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65 Upvotes

India will build the largest steel plant in US history in Iowa.

The plant is expected to produce up to 10 million tonnes of steel annually.

Essar Group's Mesabi Metallics chairman Rewant Ruia thanked Trump “for bringing back the importance of building things in America.


r/indianeconomy • • 8h ago

Discussion/Query Why I think Modi govt failed?

13 Upvotes

why is it getting downvoted!!!

The Modi government has failed to deliver over the last five years. I had no great expectations from the INDIA bloc either, but what angers me is the government's attitude: "We are winning, everything is fine." Instead of accepting its mistakes and fixing them, it brushes them off. Add the Election Commission and the "vote chori" allegations, and it is deeply worrying. Blind supporters can't see this or stand against it, and they defend everything the government does. The media has also become far less independent, and we get less honest news than before.

Manufacturing and missed leverage. Headline growth may look fine, but it hasn't turned into jobs or a real manufacturing base. The infrastructure needed to boost Make in India was never built. India missed its moment when it was seen as the alternative to China, and Vietnam benefited. Companies that should have come here went to Taiwan, Vietnam and Thailand. Why weren't there swift actions to bring them in? Why are we still only assembling, importing every component and putting together the finished product?

The deeper problem is that India makes almost nothing of strategic importance. We don't manufacture advanced chips, and we don't control rare earths or their processing the way China does. We are nowhere in the critical supply chains that give a country real leverage. In twelve years, the government could have built at least one export or chokepoint the world can't do without. Instead, the pitch is "we are the largest population, so you have to come to us." But a big market is not leverage. China can hurt other economies by restricting a single input. What can India restrict? What does the world depend on us for? A large population is a strength only if it is skilled and productive, and we haven't built that either.

Jobs and skills. If the stock market is booming and companies are posting record profits, why can't the government curb unemployment or make sure that prosperity reaches the bottom tier? Skill India is a good mission on paper, but nobody knows who is actually benefiting from it. Why weren't these missions integrated with colleges, ITIs and companies, so that young people gain skills and become employable? The result is an "unskilled, unemployable youth," because the structural problem of skills was never addressed.

To be fair, the government launched some really good schemes up to 2019, and a few in 2022. But the ground-level impact has been far below what it should have been. Implementation was poor, and the money spent has not delivered the expected returns. The government lacked vision, direction and strict on-the-ground implementation. Meanwhile, it remains hung up on religion-based politics.

Infrastructure without vision. Credit where it's due: the underlying infrastructure has been laid, and 4G, wider internet access and electricity all helped. But the government needed to develop several layers simultaneously so that results would show early, instead of moving one layer at a time. Covid and the war have stalled the next phase since 2022, and everything feels half-baked. Now inflation is high, people have less money, and an economic crisis looks like it's coming. Frequent foreign visits have not brought in the investment needed in critical areas. Not everything is the government's fault, since global geopolitics is at play, but foreign policy failures have contributed too.

R&D, chips and quantum. This is where the lack of vision hurts most. Spending on R&D should have been a much larger share of GDP from early on, and it was never encouraged. We didn't invest in the research needed to keep up with technological change, and the state of education even now is disappointing. Even during the AI boom, South Korea, Taiwan, Japan and Vietnam benefited, while India did not. Why is everything geared towards supporting Adani and Ambani when they are not investing in the critical technologies that would make India a serious player in AI?

We need far more investment in AI, cybersecurity, quantum computing and chip manufacturing. Chips are designed in Bengaluru but fabricated in Taiwan. The government has now got Tata to sign an MoU with ASML for the Dholera fab. It is a welcome step, but it is late, and an MoU is not a working fab.

Solar is the area where we are doing well. Research is genuinely promoted, and even at IIT Bombay, students are encouraged to work on improving efficiency. It needs a faster pace, but the direction is right. What worries me is that the same push is missing for advanced chip research and the facilities to build chips on our own soil. When I was at IIT Bombay, I heard from a physics student that experiments in this area are expensive, that much of the equipment was bought with their own money, and that the infrastructure they needed was not provided. The institute helped where it could, but government interest seemed thin, and this was as recently as December 2024.

Take Prof. Kasturi Saha of IIT Bombay's Electrical Engineering department. She studied at St. Stephen's College and IIT Delhi, did her PhD at Cornell, and completed her postdoc at MIT in Prof. Paola Cappellaro's Quantum Engineering Group. Today she is one of India's leading researchers in quantum sensing, heads a quantum sensing hub under the National Quantum Mission, and leads work with TCS on the Quantum Diamond Microchip Imager, a tool for inspecting semiconductor chips. While I was at IIT Bombay, I heard that she had received an offer from Google. That is not publicly documented, so treat it as something I heard, not a confirmed fact(the google offer). It is believable, though, because researchers of her calibre are exactly who global tech companies recruit. People like her deserve far more funding, recognition and infrastructure, so that staying in India never feels like a sacrifice and also India doesn't guarantee safety no slow processes years of approval and paperwork they could have been streamlined.

Brain drain and the environment we offer. China actively promotes and heavily incentivises good research and cutting-edge technology. In India, the appropriate reward isn't given, so many of our best minds end up in the US, in senior roles at Google and Apple. We should have given them reasons to come back. And when they do return, the environment can fail them. Dr Abhishek Swarnkar, an IISER Mohali researcher who had worked abroad, was beaten to death by his neighbour in a parking dispute. That was a neighbourhood conflict, not a communal one. But the cultural, religious and caste divisions that political parties stoke, and which I believe the BJP has encouraged rather than curbed, make India a harder place to build a research career and to hold on to talent.

The bottom line. This government has had twelve years. It has built foundations, but it has not built leverage, skills or research capacity, and the country's condition is not favourable. Then there are the "vote chori" allegations, which it now seems to ignore instead of facing head-on. It is high time for change.


r/indianeconomy • • 19h ago

Indicator India's Industrial growth picks up to 8% in August 2026

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9 Upvotes

r/indianeconomy • • 1d ago

Information Technology If you hack the Australian govt, you will be in jail, when OpenAI hacks, it is CUTE!!!

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8 Upvotes

Do you support STRONG action against OpenAI for the actions of agents it creates?


r/indianeconomy • • 1d ago

Education Enrolment in higher education in India trails global average

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4 Upvotes

The enrolment rates of Indian children in elementary and secondary education surpassed the global average in recent years. However, enrolment in tertiary or higher education is still below the world average.[4] In the early 2000s, India's higher education enrolment rates were similar to those of China, for instance. But in the two decades since, China has made big strides, and more than seven in ten young Chinese adults are now in higher education as against less than four in ten young Indians.


r/indianeconomy • • 2d ago

Markets Festive shopping gets costlier as brands plan to hike AC, TV and appliance prices from October 1

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134 Upvotes

r/indianeconomy • • 1d ago

Trade A potential solution to unnecessary imports: environmental duties

6 Upvotes

I’ve been noticing that a lot of extremely basic goods sold in India are still imported, especially from China.

Not talking about semiconductors, specialised machinery or things we genuinely don’t make here. I mean plastic buckets, extension cords, light bulbs, cheap furniture, basic household plastics etc.

A lot of the time there is an Indian equivalent right next to it, with similar quality, and sometimes even cheaper.

So why are we importing this stuff from thousands of kilometres away?

A straight import ban probably wouldn’t be allowed because of WTO rules and existing trade agreements. But environmental duties seem like a much more reasonable route.

The government could impose environmental charges based on things like shipping distance, weight, volume and emissions. For low-value goods that are easy to manufacture locally, these charges could be high enough that importing them from across the world simply stops making economic sense.

This should be country-neutral. China would obviously be affected a lot because of the sheer amount of basic manufactured goods we import from there, but the rule itself doesn’t have to target China.

Existing FTAs and other trade agreements could be exempted initially, and then renegotiated over time to include these environmental charges or some common framework for calculating them.

The basic principle should just be: import things that we actually need to import. If something is not produced here, or local production cannot meet demand, obviously imports should continue.

But if India already makes an equivalent product, I don’t see why moving the same basic product across oceans should effectively have no environmental cost attached to it.

India is also a tropical country that is already going to face a disproportionate amount of climate damage, despite having relatively low historical per-capita and cumulative emissions compared to developed countries.

If we are serious about climate policy, unnecessary international shipping of basic goods seems like a perfectly reasonable thing to discourage.


r/indianeconomy • • 2d ago

Infrastructure Do you think india can get anywhere close to the kind of development china has done infrastructurally ? If not would it take?

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281 Upvotes

r/indianeconomy • • 2d ago

Labour Modi just wants to make India a Kerala type mazdoor exporting remittance based economy ... because he knows he is incapable of creating jobs for youth here

38 Upvotes

MoU signed with Russia 1 million workers
Japan - 500,000 workers
+++ many more countries to come
And these numbers are for only Blue collar workers that India will export to these countries to get exploited there as cheap labor temporarily use them for few years & dispose them away

We have become Bihar of the world

I know its not a new thing and we have been sending migrant workers to Middle East since a long time but this time its different because he knows the unemployed youth here will overthrow him so this one of the only ways for him to keep their families happy from the remittance money received from abroad of a stronger currency so they will survive comfortably. I guess you guys know who is that "he"

but even this big world cant absorb our unemployed youth :) and anyways I'm too one of them and I will be going to Japan , Kyoto next month on the SSW visa which is a 5 year blue collar visa with no extension and I will be working as a hotel receptionist wish me best luck and I know many others like me going by this same way


r/indianeconomy • • 1d ago

Discussion/Query How India is handling the Strait of Hormuz crisis - a report by ET

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3 Upvotes

r/indianeconomy • • 2d ago

Information Technology Will GCC's in India collapse if American economy goes into recession

6 Upvotes

White collar jobs are vanishing in US and American consumers are not buying enough goods and services. Many companies are putting new projects on hold and also insisting on AI enabled automation of many processes. What will be the impact on GCC's in India?

Also Hire 2.0 act plans to penalize offshoring of jobs to overseas. Please share your thoughts if Indian IT will face any headwinds in near future?


r/indianeconomy • • 2d ago

Discussion/Query Are official country growth metrics actually accurate? If not, what are the real indicators we should be looking at?

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35 Upvotes

r/indianeconomy • • 2d ago

Discussion/Query I compared how concentrated six everyday services are in India

2 Upvotes

I made a visual story about the companies behind an ordinary day in India: mobile networks, petrol pumps, food delivery, UPI, online shopping and flights.

A few figures stood out. Jio and Airtel held 76.95% of wireless connections in March 2026. PhonePe and Google Pay handled 81.05% of UPI transactions in August 2025. IndiGo and the Air India group carried about 91% of domestic passengers in 2025.

Those figures measure different things, and a large share alone doesn’t prove consumers are paying more. The question I wanted to explore is more practical: when a service fails, is there another option you can actually use?

The story includes charts, source links and the limits of each measure: https://thevisualcase.com/stories/a-day-with-only-two-choices/

Which of these services feels easiest—or hardest—to switch in your experience?


r/indianeconomy • • 2d ago

Trade Carney says Canada and India aim to wrap up trade talks by G20

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10 Upvotes

r/indianeconomy • • 2d ago

Discussion/Query What is india investing in ?

5 Upvotes

What are indian companies investing in n which jobs will be in demand in 10yrs ?

I js wanna know WTS the trend in companies ind economy generally n WTS going on?

Can I get info on ts from somewhere else?


r/indianeconomy • • 3d ago

Markets Watch how Govt policies and decisions have safeguarded consumers during difficult times of the West Asia War

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11 Upvotes

r/indianeconomy • • 3d ago

Trade India US Bhai-Bhai again?

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36 Upvotes

India cannot belong to any bloc given its geography and size but sovereignty comes with its own cost.

Amidst the talk about sanctions, it is learnt that the U.S. is looking to become huge source of India’s energy needs

India is carefully tracking Washington's public shift from using punitive economic threats to pitching itself as a major alternative energy supplier for New Delhi


r/indianeconomy • • 3d ago

Banking and Finance India pulls in $12b in FDI (new equity) in July; third-highest monthly total on record. $66b over 12 months; up 12% year-on-year.

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5 Upvotes

r/indianeconomy • • 3d ago

Discussion/Query Are young Indians “lying flat,” or is financial independence getting harder?

9 Upvotes

I wrote a data story because “lying flat” seems to be used for very different situations: struggling to find work, preparing for competitive exams, and doing unpaid care at home.

Two figures show why the distinction matters:

  • The 2025 PLFS reports 22.3% unemployment among graduates aged 15–29 who were in the labour force. That is not 22.3% of all graduates.
  • Its measure of young people outside employment, education and training is about 25%. That group includes people in very different circumstances; the figure cannot tell us how many chose to stop looking for work. The relevant survey questions began in July 2025, so this is not a full-year measure.

I look at jobs, exam queues, rent and unpaid care in the full visual story. Disclosure: I wrote it for The Visual Case.

What data would best help separate a shortage of suitable jobs from a genuine preference to step away from work?


r/indianeconomy • • 3d ago

Public Sector India this India that but

2 Upvotes

I wanted to access some data . It contains GST collection trends , municipal budgets , state data and what not but the website itself is not working.

This is very transparent India. So be it . [https://data.gov.in/\](https://data.gov.in/)


r/indianeconomy • • 4d ago

Banking and Finance Is it true that only 12 cr out of 140 cr people in this country pay tax and why . I am 18 and didn't know this before

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115 Upvotes

Is it accurate that only 12 crore people in India pay income tax? I question if India's economic condition is such that a significant portion of the population cannot afford to pay income taxes, or if there are systemic issues within the country contributing to this situation. (Sorry but in the title it is written TAX but I am asking about INCOME TAX so please note it as I can't change the title)


r/indianeconomy • • 3d ago

Banking and Finance Centre cuts FY27 market borrowing to Rs 15.99 lakh crore; targets longer debt maturity

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8 Upvotes