John Reddy

Conscious

[John Reddy @JohnReddyK]

@svembu Agree, wedding spends should not exceed more than 1 year of their income.

Spending multiple years of savings & going into debt for a lavish wedding is how many Indians get into financial trouble.

Stop buying ton of Gold, hyper-expensive clothing for a start..

[John Reddy @JohnReddyK]

In Australia, your tax return document shows where your tax money was spent

https://t.co/2ry3lm7rTB

[John Reddy @JohnReddyK]

India’s Zomato Appoints 4 CEOs, to Change Name to Eternal

“We are transitioning from a company where I was the CEO to a place where we will have multiple CEOs running each of our businesses (e.g Zomato, Blinkit, Hyperpure, Feeding India): Deepinder Goyal

https://t.co/SijHh7lf4j

[John Reddy @JohnReddyK]

Indian households % owning consumer goods:

Mobile - 93%
Fan - 88%
TV - 68%
Two wheeler - 50%
Internet access - 49%
Fridge - 39%
Washing Machine - 18%
Car - 7.5%

Source: National Family Health Survey 2019-21 (NFHS-5)

[John Reddy @JohnReddyK]

UPI globally an alternative to SWIFT for 32 Mn Indian expats.

$87Bn — India remittances in 2021, costs ~6.5% for cross-border payments.

NPCI International Payments Ltd., a global subsidiary, is in process to link UPI to systems in other countries.

https://t.co/yHYny2gHr0

[John Reddy @JohnReddyK]

India imports of oil, coal, gas are cumulatively are still less than what Poland or France, Turkey, Netherlands, Italy, Germany individual national imports from Russia.

[Stephen Stapczynski @SStapczynski]

China and India are buying more Russian fuel since the Ukraine invasion
🇷🇺🤝💰

🇨�� China spent $19 billion on Russian oil, gas & coal from March-May, nearly double last year
🇮🇳 India spent $5.1 billion, more than 5-times a year ago

Via @danmurtaugh

https://t.co/HxhaAe4REa

[John Reddy @JohnReddyK]

@kushkatakia Sentiment is true..

Without IT & Pharma generics Indians would have been much poorer & unhealthy, IT industry had a huge ripple effect across industries, good chunk of consumption story.

Double-down & nudge companies for higher value-chain tech hardware like chips, electronics.

[John Reddy @JohnReddyK]

Human Development Index of Indian Subcontinent (HDI), 2019

If you want to improve HDI of India by 0.1 points from present 0.65 to >0.75 in next few years -- focus on Bihar, UP.

Nutrition for all, Primary healthcare, Longer Schooling, Child Nutrition and Industrial growth.

[John Reddy @JohnReddyK]

@ianbremmer Even many times richer avg. European, Americans can't afford present artificially high $120/b oil. How do you expect Indians to afford? millions will move into poverty.

So, natural to import discounted oil which Europe is still doing at far greater scale

https://t.co/gpYNZhDT9A

[Maitreya Bhakal @MaitreyaBhakal]

Russian fossil fuel purchases, in first 100 days of Russia-Ukraine war:

Germany: €12.1bn
Italy: €7.8bn
Netherlands: €7.8bn
Poland: €4.4bn
France: €4.3bn
UK: €5.9bn

India: €3.4bn

Conclusion: India is financing the war.

[John Reddy @JohnReddyK]

With Nifty50 PE ratio at 20, India is one of world's most expensive markets, US S&P 500 at 19, Japan Nikkei 225 at 18.7

Buffett Indicator aka Market Cap to GDP ratio:

US: 138%
Japan: 113%
India: 94%
UK: 89%
Brazil: 54%
Germany: 47%
China: 58%
Russia: 9%

https://t.co/NaSEwXp3NX

[John Reddy @JohnReddyK]

Podcast: How Sri Lanka fell into a economic crisis with food, fuel, medicine shortages:

- Tax cuts, Depleted $ reserves, External Debt, Fertilizer ban, Family politics..

5 nations most at risk as Lanka: Tunisia, El Salvador, Ghana, Ethiopia & Pakistan

https://t.co/LR429yZQjU

[John Reddy @JohnReddyK]

India’s electricity demand on June 9 was at an all-time high of 210 Gigawatts, up 40+GW this year

In 8 yrs, 169GW was added to take 'generation capacity' to over 400GW.. 205GW coal-fired, 6GW nuclear

165GW is total renewable capacity — 41% of installed.

https://t.co/b1mgC0pGTN

[John Reddy @JohnReddyK]

Dude, Africa is richer than India.

Africa has less people & higher GDP than India, some countries are multiple times richer, part of Africa that is poorer than India is sub-saharan Africa.

[Soumya Malani @insharebazaar]

Africa will be the next India.

India will be the next China.

China will be the next US.

[John Reddy @JohnReddyK]

🚨 RuPay Credit cards can be linked to UPI, RBI proposal

"Currently, over 26 crore unique users and 5 crore merchants are onboarded on the UPI platform. In May 2022, 594.63 crore transactions amounting to ₹10.40 lakh crore were processed through UPI"

https://t.co/q4IsXRCddh

[John Reddy @JohnReddyK]

@thehill Elon Musk wants significant concession on the deal, he is obviously using "bots" "spam" accounts as an issue.

Not saying right or wrong, twitter board willingly accepting the offer made some people suspicious about its prospects.

[John Reddy @JohnReddyK]

@rhjameson @markets @adevnath Hi Robert, does this chattogram port have any connection to this container depot, which sadly had a huge explosion today..

Google says its 39km far away, but both have any link?

https://t.co/tQTFd8bJv6

[Basherkella - বাঁশেরকেল্লা @basherkella]

Over 100 people were injured in an explosion followed by a fire at a private Inland Container Depot (ICD) in #Sitakunda upazila of #Chattogram last night.

#Chittagongblast #BMBLAST #Shitakundu #Bangladesh

[John Reddy @JohnReddyK]

@nProctor @RepairCoalition @iFixit Well done, many more wins to come, been following some of your good work, keep going..

With billions of devices, it is important not just to repair easily but also recycle device materials completely of those can't be fixed.

[John Reddy @JohnReddyK]

Wow! Watch 14-year-old Indian-American Harini Logan, 2022 Scripps National Spelling Bee champion:

Spelled random 21 words correctly during a 90-second tie-breaker spell-off.

[John Reddy @JohnReddyK]

Akshay Kumar is set to play Camille Vasquez, the woman lawyer of Johnny Depp.. in a movie about Depp's defamation trail against Amber Heard.

[John Reddy @JohnReddyK]

India to spend around $500 billion this financial year -- India is a $3.2 Trillion GDP

China plans to spend $5.3 Trillion ($5300 bn) this year to boost growth amid covid lockdowns -- $17 Trillion GDP

China spending 10x that of India this year, scale India can only dream of.