Sreshthi

The path to progress is through propserity

[Sreshthi @Sreshthi_]

We don't export goods and hence use borrowed FX to pay for imported consumption. We have a deregulated financial system where the market determines cost of capital. To build value add goods, state needs to provide cheaper cost of capital and take a hit for many years so that manufacturers may produce at scale. Only way forward

[India Plus @india_plus_]

🚨 Amitabh Kant says India must cut the cost of doing business and credit to boost manufacturing, create jobs and sustain 8.5-9% growth.

[Sreshthi @Sreshthi_]

Many questioning how Mumbai is so expensive despite all this. India's structural problem since forever has been inability to rein in capital going to real estate. Capital never went towards technological productivity and artificially inflated asset prices. Mumbai will be expensive forever

[Lee Kuan Yimby @LeeKuanYimby]

I was just in Mumbai, and I have to give them credit for the progress they’re making on infrastructure. The new Aqua Line metro is phenomenal. But the amount of work India still has to do on basic cleanliness and sanitation and it is hard to understand until you see it yourself. Would love for more westerners to go just to understand how wealthy they are, but that's a different point.

Mumbai is completely surrounded by water, yet there are almost no places where people can actually enjoy the water. The beaches are filled with trash, the water is badly contaminated, and almost nobody swims, even when it’s brutally hot outside. Walking on the beach is just mud and trash meeting filthy water on the horizon.

There are much poorer places around the world where people can still use the beaches. This is not just about money. India has gone decades without adequate trash collection, sewage treatment, or enforcement for a population of more than a billion people. At this point, the scale of the problem feels almost impossible, and the oceans around the world are paying the price for Indias garbage output as well.

I like the direction Modi is taking the country, but India needs to treat cleanup like a national emergency. Stop with the small campaigns and organize a full scale blitz.

Offer unemployed people paid work picking up trash, clearing drains and waterways, cleaning beaches, and maintaining public spaces. Give them proper equipment and supervision. Then build the collection and waste processing systems needed to stop everything from becoming filthy again a week later.

India has shown that it can build metros, airports, highways, and digital infrastructure. Clean streets and usable water should be treated as infrastructure too.

Mumbai should have one of the greatest waterfronts in the world. Instead, it's has basically an irrelevant feature of the city and feels surrendered to sewage and garbage.

[Sreshthi @Sreshthi_]

Punjab is a failed state. Drugs is the least of its concerns. It has no economic value add. Rent seekers who embezzle and lock up capital in land and real estate. Agriculture the only saving grace but the surplus hoarded by the same people. Misery everywhere

[Abhijit Majumder @abhijitmajumder]

UDTA PUNJAB
Jagraon Bridge, Ludhiana.
Drugs being openly injected into young addicts.
Entire generations in Punjab are being destroyed by coke and crack, ISI pumps drugs into the state, but the narco mafia is so strong and cash-rich that no state govt — Badals’ or Bhagwant Mann’s — lifts a finger to end the menace.

[Sreshthi @Sreshthi_]

Its more than that. Its the single biggest problem we face. Services wont be able to absorb this scale. Manufacturing and construction are the only sectors we must bulldoze through

[🚨Indian Gems @IndianGems_]

8.7 Crores Indian Youths are doing absolutely nothing: NITI Aayog

[Sreshthi @Sreshthi_]

These are vultures sitting at the door, waiting for the tiniest morsel of meat they can pounce on. India is full of these rent seekers who plundered her of its wealth. Its imperative they are wiped out

[Akhilesh Yadav @yadavakhilesh]

‘आरक्षण सुधार’ के नाम पर ‘आरक्षण समाप्ति’ का षड्यंत्र पीडीए समाज के ख़िलाफ़ एक और गहरी साज़िश है। आरक्षण पीडीए का अधिकार है किसी की इच्छा का विषय नहीं।

भाजपा व उनके संगी-साथी समय-समय पर जिस तरह कभी ‘समीक्षा’ तो कभी ‘सुधार’ जैसे अस्पष्ट शब्दों का प्रयोग कर आरक्षण का विरोध करते हैं या कभी ‘क्रीमीलेयर’ की बात करते हैं या ‘आरक्षण त्यागने’ की सलाह देते हैं, वो सदियों से शोषित-वंचित लोगों को मिले आरक्षण के अधिकार की हक़मारी की लगातार की जा रही कोशिश के अलग-अलग मुखौटे हैं।

आरक्षण था, आरक्षण है, आरक्षण रहेगा!

[Sreshthi @Sreshthi_]

This is laudable & frankly unheard of since India was Independent. But we're gonna get nowhere without export discipline. The incentive should be premised on export competitiveness in global markets. The weaker firms have to be cut off and allowed to die

[Narendra Modi @narendramodi]

India has moved from Production Linked Punishment to Production Linked Incentives.

There was a time when companies would be penalised for producing beyond prescribed limits! That mindset of the Licence Raj discouraged enterprise, production and job creation.

Today, the approach is completely different. We incentivise production, encourage ambition and trust our entrepreneurs.

India has moved from controlling enterprise to enabling it.

[Sreshthi @Sreshthi_]

Largely true. We have been acutely stunted by rent seeking socialists who continue to harp power to extract resources. The transition from agriculture to manufacturing never happened. As a result, we rely on imported technology and our manufacturers are protected by tariffs and hence uncompetitive. Not to mention this drains our FX as we largely borrow to pay for imports. Current Government has done a remarkable job of managing external debt so we don't face another Asian crisis.

The sum impact is we're left with millions of low skilled workers who need employment and we cannot absorb them fast enough. They are now resorting to speculation in the financial markets & unorganised labour to sustain themselves. This is the biggest problem India faces today.

[Shashank Mattoo @MattooShashank]

"China industrialised much faster and much earlier than India..We missed an opportunity to industrialise and manufacture for 50 years from the 1960s onwards," says S Jaishankar at the ET World Leaders Forum

[Sreshthi @Sreshthi_]

Much of India's ethos has been imagined as a post-independence phenomenon. We remain subservient to a narrative of revolution agonist our colonisers. Our systems and beliefs are remnant of that thought.

Rather, I imagine India as a civilization. The irony being we attempt to play catch up with the other great eastern civilization that ruled the world : The Chinese. Our ability to articulate this narrative, about Bharat, is weak. We should consider it an abomination that we've been weakened and made slaves by Western countries for decades. It should fuel the fire to influence, proliferate and export the depth of our individuality. We lack not diversity, but unity. Till how long will we import foreign thoughts and cultures to determine who we are?

[Sreshthi @Sreshthi_]

The east was the center of the world. India shared with the world much of all that finance, law and manufacturing today is based on. The seas were ruled by the Cholas. Knowledge flowed through Patliputra. The Roman treasury was literally bankrupted by Indian imports

[Aravind @aravind]

The reason Rome fell is because it was never too great as some hype it to be. It is clearly seen by the Roman empire's minuscule GDP 2000 years ago compared to India or China. Sad truth is it went from being minuscule to nobody while it also lost trade with India. Which shifted east helping create many Indianized empires in South East Asia.

[Sreshthi @Sreshthi_]

Contrary to historical propaganda, Dalrymple writes in the 'Golden Road" : “Silk was never the main commodity imported to the west from the east. Instead, it was always far exceeded in value by imports of Indian pepper, spices, ivory, cotton, gems, teak and sandalwood.”

[Sreshthi @Sreshthi_]

@itsTarH Discounting larger flows into metals potentially into the future amdist broader outflows. No reco .

[Sreshthi @Sreshthi_]

@itsTarH For a flow context, a signficant amount going into Metals amidst broader outflows. No reco .

[Sreshthi @Sreshthi_]

@SamirPradhann Its a futile comparision because all these countries offer better liquidity for cash markets and tighter bid-ask spreads & closing spreads for derivatives. Its a premium for more sophisticated, liquid markets.

[Sreshthi @Sreshthi_]

@RabbDaaBanda @sidhant Try it here: https://t.co/Y3zNbXp8c3

[Sreshthi @Sreshthi_]

@Prakhar81420407 Companies affected, no reco.

[Sreshthi @Sreshthi_]

@NewsAlgebraIND No reco.

[Sreshthi @Sreshthi_]

@niraj_shah No reco.

[Sreshthi @Sreshthi_]

@MattooShashank Who benefits. No reco.

[Sreshthi @Sreshthi_]

@PiyushGoyal @narendramodi who benefits. No reco.

[Sreshthi @Sreshthi_]

@PiyushGoyal @narendramodi Who benefits. No reco.