Does it really matters? Being a $X economy is kind of a vanity metrics when we know that our daily life is going through an endless list of stuffs which can't be any lower in quality, and then there are a lot of people who can't even afford that.

Product Manager

This is great news. 
  
 I hope that this helps improve the infrastructure of cities like Mumbai and Pune. 
  
 And also helps improve the lives of farmers and underprivileged sections of the society especially in terms of education and healthcare.

Software Test- QA

Maharashtra has become the 1st state in India   To cross $500 billion economy.  For reference the size of the Indian economy in year 2002 was 500 billion.

Maharashtra has become the 1st state in India 

To cross $500 billion economy.

For reference the size of the Indian economy in year 2002 was 500 billion.

Maharashtra is further ahead of any state

Software Engineer

Maharashtra is further ahead of any state- Grapevine

Welcome to News Discussion's Private Community

- Tamil Nadu Chief Minister M K Stalin inks deals worth Rs 900 crore with companies like Nokia, PayPal, and Microchip during his US visit.
- The agreements promise to generate 4,100 jobs in Chennai, Coimbatore, and Madurai, focusing on sectors like AI, semiconductor technology, and telecommunications.
- Stalin's visit aims to transform Tamil Nadu into a $1 trillion economy by 2030, with a focus on attracting capital-intensive and employment-generating industries.
- The CM's delegation will continue to engage with potential investors in the US, with further meetings scheduled in Chicago and other cities.
- Stalin emphasizes Tamil Nadu's leading role in India's GDP and export sectors, inviting more American companies to invest in the state. 

 Source: [Business Standard](https://www.business-standard.com/india-news/tamil-nadu-cm-visits-san-francisco-inks-pact-with-microchip-nokia-paypal-124083001038_1.html)

Tamil Nadu CM Secures Rs 900 Crore Investments in San Francisco

Journalist

Mcap vs GDP comparison.

Tata group is 1st conglomerate to hit 30 lac crore mark... ahead of ril, adani, godrej, and Mahindra etc.

India Business News: NEW DELHI: The combined market capitalization of Tata Group companies is now larger than the Gross Domestic Product (GDP) of Pakistan.

At over $365 billion, Tata Group now bigger in size than Pakistan's GDP - Times of India

Tata Group > Pakistan Economy

Senior Consultant

Such a blot on GIFT city and Gujarat. More proof that we have a long way to go.

To those who think reservations are meant only for the poor, do you have anything to say now?

Anirudh Kejriwal, a VP at JP Morgan, chose Gujarat over Singapore for GIFT City's vision but now faces caste discrimination. He expresses disappointment in facing challenges with his dream home due to not being Gujarati.

'Nightmare': JP Morgan VP speaks out against caste discrimination in Gujarat

But bro rich people don't face discrimination

Product Owner

Welcome to Indian Startups's Private Community

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. 

India on the other hand is poised to become a great multi-trillion $ economy.

Onto something huge. We're talking like 10x growth of the economy here.

Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. 

Be the capitalist, take the risks, make bets, work and stack up promotions and money.

Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

Work hard and build in India 🇮🇳

Bihar has 100x population of Goa yet contribute just 2x in Direct tax. 300 years ago, Calcutta was best city of the world (yes you read it right) and today East India is having sub Saharan indices. How long will this sustain ?

From the past few months I'm seeing news of all the big projects of National interest being parked in Gujrat. Be it GIFT City, DREAM City, Chip Manufacturing facility by Tata, 2036 Olymics stadium, 2 new smart cities, center for AI excellence, Cholera Solar Park, Bullet Train stations, etc?
I'm happy for all the work happening but it seems unfair that all great projects are happening in Gujrat. 

If trade is a reason, there are other states as well in western coast like Maharashtra, Karnataka, Kerala.

I'm not trying to make it political, but I feel it is. 
If it's not political please give your reasoning. I want to be wrong on this.

Why is everything being built in Gujrat?

This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?

Earnings bracket wise

Will Mumbai able to be $1 trillion economy in next 6-7 years

Non taxpayers can also comment how to avoid paying taxes

Any Crorepati taxpayers in the house?

Business analyst

..unless either of the two mess up insanely bad

We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that.

Internal reasons that are very hard to fix:-

(1) Our population TFR fell below standard replacement rate in 2023. This means we will not be able to follow the same economic growth trajectory required to reach developed status before population stagnation or declination. This is not a death knell but definitely very VERY bad news.

(2) Our blue-collar workforce skill levels are not only subpar but are slowly falling behind the world standards every year. Much of our youth aim to join government orgs like the Army or the Railways which train for the job later, not before. Despite a national shortage of skilled plumbers, electricians etc, our vocational training orgs have been unsuccessful in attracting people towards these careers as well as churning out skilled workers.

(3) Our bureaucratic environment is extremely slow with pathetic turnaround times on initiatives. This is not government specific and has always been the case so it seems like this will always be. This is not even a problem unique to India as many other countries have been facing this too but it is still a factor that negatively impacts our growth massively.

I wish it was just internal reasons but a large part of it also comes down to both China and US being aggressively great at ensuring their successes:-

(1) Chinese manufacturing seems nearly impossible to overcome - not just for India but also for the US. Yes, we might win over some industries and companies like the US, Vietnam, Thailand etc. have been doing but the amount of autocratic control in China allows them to crush competition easily. Case in point - the recent tussle between India and China on solar manufacturing which China won by autocratically lowering their prices.

(2) If de-dollarisation succeeds, it will benefit China the most because (contd. in comments)

Controversial: India will never overtake China or US

Software Developer

Welcome to Personal Finance's Private Community

MARKET CAP OF BSE-LISTED COMPANIES HITS $5 TRILLION FIRST TIME EVER;CLIMB OF OVER $633 BILLION SINCE THE START OF THE YEAR.

StockMarket 📈

- Former US treasury secretary Larry Summers predicts **India** will be the 'most rapidly growing major economy' over the next few years.
- Summers is optimistic about a **six-fold jump** in India's GDP by 2047, crediting Prime Minister Narendra Modi for setting up the necessary infrastructure.
- However, he warns of challenges including geopolitics and the rise of artificial intelligence, which could threaten India's IT industry dominance.
- Jobs remain a 'substantial' challenge, with the growth of AI only increasing this issue.
- Despite a slowdown in the first quarter, India's economy is expected to grow faster at **7.1 percent** in 2024, according to Moody’s Analytics.
 Source: [Moneycontrol](https://www.moneycontrol.com/news/india/india-will-be-most-rapidly-growing-major-economy-over-next-few-years-says-larry-summers-12833009.html)

India Predicted to be Fastest Growing Major Economy

- **PM Modi** to inaugurate infrastructure projects worth over **₹50,000 crore** in Maharashtra.
- Launch of **Mumbai Metro Line-3**'s first phase, costing **₹14,120 crore**, with 10 stations.
- **Five solar parks** with a total capacity of **19 MW** to be inaugurated.
- **₹20,000 crore** disbursed to **9.4 crore farmers** under PM-KISAN Samman Nidhi.
- Foundation stones for **Thane Metro Rail Project** and **Elevated Eastern Freeway Extension** laid.

Source: [The Hindu](https://www.thehindu.com/news/cities/mumbai/pm-inaugurate-mumbai-metro-infra-projects-worth-over-50000-crore-in-maharashtra-october-5/article68719013.ece), [Times Now News](https://www.timesnownews.com/mumbai/pm-modi-to-inaugurate-mumbai-metro-3-launch-thane-freeway-extension-and-other-key-projects-top-points-article-113953520), [Mint](https://www.livemint.com/news/india/mumbai-metro-pm-modi-maharashtra-colaba-bandra-seepz-metro-line-3-kisan-nidhi-yojana-farmers-mumbaikars-politics-bjp-11728091522785.html), [The Economic Times](https://economictimes.indiatimes.com/news/india/maharashtra-pm-modi-to-inaugurate-mumbais-first-underground-metro-launch-key-development-projects-today/articleshow/113953755.cms), [Ndtv](https://www.ndtv.com/india-news/pm-modi-in-mumbai-today-check-schedule-and-key-details-here-6719324), [Times Now News](https://www.timesnownews.com/mumbai/pm-narendra-modi-in-thane-mumbais-first-underground-metro-to-be-flagged-off-today-article-113948642), [News 18](https://www.news18.com/india/pm-modi-to-launch-project-worth-over-rs-56000-crore-flag-off-bkc-aarey-metro-in-maharashtra-on-oct-5-9074138.html)

PM Modi Unveils ₹50,000 Crore Projects in Maharashtra

https://www.timesnownews.com/bengaluru/bengaluru-to-become-hub-of-knowledge-healthcare-innovation-and-research-with-khir-city-article-105142228

A new city for new jobs could be interesting! Thoughts?

Founder

Delhi's per capita income is one of the highest in the country. It soared from ₹3,76,217 in 2021-22 to ₹4,61,910 in 2023-24.

The capital of India is second on the list of the Richest Cities in India, with an overall GDP of USD $293.6 Billion.

Economic development is meaningless without social progress

Consultant

Liabilities and high interest loans rising, household savings falling. It's a very worrying statistic if people are borrowing money just to stay afloat.

Acche din

Generalist

1. Migrating PhonePe to India 1B $ in useless tax

2. Like that stupid separation of PhonePe from Flipkart ~0.7B $

3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?

Maharashtra is further ahead of any state

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