India: the new China

[divs4ever]

A high quality asset at a cheap price​

A high quality asset at a cheap price

Nirvana for any investor is finding quality asset, exhibiting stable compounding growth, both in the past and in the future!

www.livewiremarkets.com

 

[Dona Ferentes]

that's the other difference between India and China.

Communalism, sectarian divide, entrenched religious separation.

The Controversy Over a New Population Study From India

Critics say the study could sow communal discord between Hindus and Muslims during India's ongoing elections.

time.com

 

[qldfrog]

that's the other difference between India and China.

Communalism, sectarian divide, entrenched religious separation.

The Controversy Over a New Population Study From India

Critics say the study could sow communal discord between Hindus and Muslims during India's ongoing elections.

time.com

Caste system, education of masses and rort/corruption.
Corruption in China is different as I see the 2 countries.
But I am yet to go and work in India .not keen either
Bot China and India share markets are where we should be imho

 

[Dona Ferentes]

exit polls for the Indian election show that the Bharatiya Janata Party - led National Democratic Alliance will win an overwhelming majority.

The Indian election kicked off on 19 April and concluded on 01 June with the results being announced on 04 June.

This win by the BJP will secure Narendra Modi a third term in office and should ensure a continuation of the economic policies that have led to India being the fastest growing major economy in the world.
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[Dona Ferentes]

 

[investor13]

exit polls for the Indian election show that the Bharatiya Janata Party - led National Democratic Alliance will win an overwhelming majority.

The Indian election kicked off on 19 April and concluded on 01 June with the results being announced on 04 June.

This win by the BJP will secure Narendra Modi a third term in office and should ensure a continuation of the economic policies that have led to India being the fastest growing major economy in the world.
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View attachment 178084

you have to remember the country is coming from such a low base where some 1/3 of the people dont have electricity or just received smart phones. plus they are en emerging country so what truth is there behind the numbers

 

[divs4ever]

you have to remember the country is coming from such a low base where some 1/3 of the people dont have electricity or just received smart phones. plus they are en emerging country so what truth is there behind the numbers

what is the truth ?? you could ask that question of many nations ( and the answer is less than claimed in a fair number )

this is where your estimation/predictive skills are needed ( when investing ) i veer towards the cynical side , and expect bumps and retraces on the way

what you see as 'primitive' i see as growth potential , eventually most Indian citizens will have electricity , clean water and phones ( and India is just the place to make cheap basic ones to saturate South Asia , Africa and South America , with crude but functional devices )

not next year , but in 20 years Indian will be another power-house , or a failing state like Japan ( so keep an exit strategy ready just in case )

 

[investor13]

what is the truth ?? you could ask that question of many nations ( and the answer is less than claimed in a fair number )

this is where your estimation/predictive skills are needed ( when investing ) i veer towards the cynical side , and expect bumps and retraces on the way

what you see as 'primitive' i see as growth potential , eventually most Indian citizens will have electricity , clean water and phones ( and India is just the place to make cheap basic ones to saturate South Asia , Africa and South America , with crude but functional devices )

not next year , but in 20 years Indian will be another power-house , or a failing state like Japan ( so keep an exit strategy ready just in case )

china has been cooking the books for best part of the decade. time will tell more so with india.

i dont see it as the term primitive can be taken by any means but yes growth opportunity due to such a low base. if it was that easy and going to happen over the next decade-plus wouldn't they had made say some progression than whay they have now?

 

[divs4ever]

china has been cooking the books for best part of the decade. time will tell more so with india.

i dont see it as the term primitive can be taken by any means but yes growth opportunity due to such a low base. if it was that easy and going to happen over the next decade-plus wouldn't they had made say some progression than whay they have now?

well the current Indian Government has been moving forward

( disclaimer there will be a new coalition mix Government taking the reins soon , so direction and pace may change )

but progressing too fast has it's dangers as well

remember India has only been truly independent again since WW2 ( about 1947 from memory ) so less than 100 years to weed out the unwanted colonialist legacies .

also remember in those 100 years India has had several political assassinations , there are still some major upheavals possible

but in the next decade , or longer ?

i suspect the changes will be slower and take longer 1 plus billion citizens takes a lot of infrastructure

 

[investor13]

well the current Indian Government has been moving forward

( disclaimer there will be a new coalition mix Government taking the reins soon , so direction and pace may change )

but progressing too fast has it's dangers as well

remember India has only been truly independent again since WW2 ( about 1947 from memory ) so less than 100 years to weed out the unwanted colonialist legacies .

also remember in those 100 years India has had several political assassinations , there are still some major upheavals possible

but in the next decade , or longer ?

i suspect the changes will be slower and take longer 1 plus billion citizens takes a lot of infrastructure

Compare India to say China or Taiwan post the civil war?
Both the communist and nationalist (Taiwan) managed to progress so to still blame something from post 1947 and still be a 3rd world means there are far more problems and will be

 

[divs4ever]

Compare India to say China or Taiwan post the civil war?
Both the communist and nationalist (Taiwan) managed to progress so to still blame something from post 1947 and still be a 3rd world means there are far more problems and will be

undoubtedly

but if not India , where do you go for economic growth/development ?

while i am looking to increase my exposure to India , i am not neglecting Vietnam ( China's Mexico ) and Indonesia and am slowly relaxing my extreme biases against Africa and PNG

Pakistan looks like it may descend into another civil unrest

but India may decide to forge closer ties to Sri Lanka and Bangladesh ( i think that would be a good thing medium term )

none of these 'growth stories ' look to be easy sailing , but then you may have better entry opportunities because of those setbacks

 

[UMike]

PM Modi’s first bilateral visit this term: Russia’s importance for India​

Modi’s Russia visit showcases the importance of India-Russia ties for India, especially in energy and defence. New Delhi will also seek to ensure that China does not become a factor in the relationship.​

Prime Minister Narendra Modi will be in Russia to meet President Vladimir Putin on Monday (July 8) and Tuesday. The two leaders have met a total 16 times since Modi became Prime Minister, but not since Russia invaded Ukraine in February 2022, provoking wide-ranging Western sanctions. Modi last went to Russia for the Eastern Economic Forum meeting in Vladivostok in September 2019; Putin last visited India in December 2021 for the annual bilateral summit.
Underlining a priority
In choosing Russia for his first bilateral visit after being sworn in, Modi has broken with the tradition of India’s new Prime Minister travelling first to a neighbouring country, a template that he followed in both June 2014 (Bhutan) and June 2019 (Maldives and Sri Lanka). He travelled to Italy last month, but that was for a multilateral meeting of G7 leaders.

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He is also Shoring up cheap Oil and Uranium supply.
Not good news for the WEST.

 

[UMike]

Btw.... You won't read this in the Australian Press.

I saw it on Bloomberg TV and had to go to the India times to Cut and Paste the above. :-(

 

[investor13]

undoubtedly

but if not India , where do you go for economic growth/development ?

while i am looking to increase my exposure to India , i am not neglecting Vietnam ( China's Mexico ) and Indonesia and am slowly relaxing my extreme biases against Africa and PNG

Pakistan looks like it may descend into another civil unrest

but India may decide to forge closer ties to Sri Lanka and Bangladesh ( i think that would be a good thing medium term )

none of these 'growth stories ' look to be easy sailing , but then you may have better entry opportunities because of those setbacks

india deffinatly, they now are the most populated country in the world over taking china recently

the russian economy is booming atm thanks to Bidens trade restrictions,
but im keen on the banna republic of Argintina atm,
they have recently elected this elvis look alike nutter Javier Milei, who isnt a fan of the government sector and clown world politics and recently been culling the government sectors and starting to sell off and privitising the government services

Argintina and Brazil are commodity agriculturely rich, with what the EU is doing to the farmers of western europe by destroying there lively hoods and industy in the scam of climate chasnge and net zerr, the live export market in South America is starting to boom especially in those 2 countries mentioned

Argentina's President-Elect Wants to Privatize State-Owned Media, Public Companies

‘Everything that can be in the hands of the private sector will be in the hands of the private sector,’ Javier Milei says

www.voanews.com

 

[rcw1]

Good morning
some interesting information just read re: India.

https://www.mining.com/web/indias-iron-ore-production-jumps-by-7-4-in-april-august/

• India’s iron ore production rose by 7.4% to 116 million metric tonnes in April through August this year, compared with 108 million metric tonnes during the same period last year;
• Aluminum production grew by 1.3% to 1.8 million tonnes in April to August from 1.7 million tonnes in the same period in the last fiscal year; and
• During the same comparative period, refined copper production grew by 5.8% to 202,000 tonnes.

Kind regards
rcw1

 

[divs4ever]

Good morning
some interesting information just read re: India.

https://www.mining.com/web/indias-iron-ore-production-jumps-by-7-4-in-april-august/

• India’s iron ore production rose by 7.4% to 116 million metric tonnes in April through August this year, compared with 108 million metric tonnes during the same period last year;
• Aluminum production grew by 1.3% to 1.8 million tonnes in April to August from 1.7 million tonnes in the same period in the last fiscal year; and
• During the same comparative period, refined copper production grew by 5.8% to 202,000 tonnes.

Kind regards
rcw1

now for a while i was invested in a company that concentrated iron ore in India , and from memory Fe grades in India were around 40-something percent ( before the improvement process )

watch for Indian steel makers to invest in higher grade mines outside India ( and import the ore .. or finished iron/steel stock )

 

[Dona Ferentes]

The Indian rupee declined to its weakest level on record on Monday as persistent outflows from local stocks continued to pressure the currency even as most of its Asian peers benefited from a weak U.S. dollar.

The rupee slipped to its all-time low of 84.11 against the dollar, inching past its previous record low of 84.0950 hit last week.

The benchmark BSE Sensex and Nifty 50 equity indexes were down about 1.5% each on the day, pressured by likely selling by overseas investors and caution ahead of the U.S. presidential election outcome.

Persistent selling by overseas investors and a tepid local earnings season have weighed on local stocks, with the benchmarks down about 9% from the record high hit in late September. Foreign investors have net sold over $11 billion of Indian equities in October, while overseas investors and foreign lenders also trimmed their positions in government bonds last month for the first time since April.
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and the two local listed ETFs

 

[qldfrog]

The Indian rupee declined to its weakest level on record on Monday as persistent outflows from local stocks continued to pressure the currency even as most of its Asian peers benefited from a weak U.S. dollar.

The rupee slipped to its all-time low of 84.11 against the dollar, inching past its previous record low of 84.0950 hit last week.

The benchmark BSE Sensex and Nifty 50 equity indexes were down about 1.5% each on the day, pressured by likely selling by overseas investors and caution ahead of the U.S. presidential election outcome.

Persistent selling by overseas investors and a tepid local earnings season have weighed on local stocks, with the benchmarks down about 9% from the record high hit in late September. Foreign investors have net sold over $11 billion of Indian equities in October, while overseas investors and foreign lenders also trimmed their positions in government bonds last month for the first time since April.
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and the two local listed ETFs
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View attachment 187363

Thanks DS, might be a good time to top-up India etf?
Will dip a bit, got some TD expiring soon
Thanks for raising the subject as i did not check even weekly

 

[Garpal Gumnut]

Thanks DS, might be a good time to top-up India etf?
Will dip a bit, got some TD expiring soon
Thanks for raising the subject as i did not check even weekly

The nifty 50 is nudging below 25,000 which many consider a bad omen.

I'm like you, bullish on India but it never does any harm to look at a contrary view. This article is from the end of August.

https://www.moneycontrol.com/news/business/stocks/nifty-september-rollovers-slightly-fall-long-rollovers-in-pharma-energy-nbfc-short-in-cement-metals-12810651.html

gg

 

[divs4ever]

Thanks DS, might be a good time to top-up India etf?
Will dip a bit, got some TD expiring soon
Thanks for raising the subject as i did not check even weekly

i hold IIND ( bought in March 2022 currently up more than $2 a share )

i was preferring two LICs that had exposure to India , one turned into a managed fund ( now EAFZ ) and sold the other as it is trying itself into a merger with an in-house managed fund )

if you have a weakness for gambling , i have had some success with ASIA ( more Asian 'growth stocks ' ex Japan ) which sometimes throws in some minor India exposure .

i hope you have some Indian investor friends ( i don't ) very hard to get good insight into Indian-based business