We are what we are !!

 O ne of the thoughts that crossed my mind on our Dvaita, advaita and visishtadvaita ,I wanted to share- all based on veda vakyas as pramanam- all true depending on our mental perceptions/conditions of mind- it is Visishtadvait in Jagrat- wakefulness when u feel the reality of Universe with full knowledge that Parmatma/Bhagwan runs it; Dvaita is Svapna- dream state when u think that ur dreams r true and they are separate; sushupti / deep sleep is Advaita when u don't feel ur existence separately!!some may look at it as over simplification but the emphasis here is that all three states r true based on Veda pramanam/Sruti vakyas.-Adiyen                                                 <=><=><=><=> Some of you who are familiar with Judaism Angels will know that three Angels are Primary- Cherubim,Seraphim and Ophanim. Cherubim according to ancie...

India's Core sector growth in August 2023 is 12.1%, Composite PMI is 61 for September 2023 and GST collections for September 2023 is Rs.1.63 lakh crores. These are all excellent economic indicators for India. The core sector growth is the highest in 14 months, and the Composite PMI is above 50, indicating that the private sector economy is expanding at a robust pace. The GST collections are also at a record high, suggesting that consumption demand is strong. These data points suggest that the Indian economy is on a strong growth trajectory. The government has also taken a number of steps to boost economic growth, such as increasing infrastructure spending and reducing taxes. As a result of these factors, the Indian economy is expected to grow at a healthy pace in the coming months and years. Here is a more detailed analysis of each indicator: Core sector growth:  The core sector consists of eight industries that are crucial to the Indian economy: coal, crude oil, natural gas, refin...

 T he combination of lower PFCE(Private Final Consumption Expenditure) growth and lower household financial savings as per RBI Monthly Bulletin(Aug 23) are problems for future GDP growth of India. PFCE, or Private Final Consumption Expenditure, is the spending of households on goods and services. It is one of the most important components of GDP, and it accounts for a large share of economic activity. Household financial savings are the savings of households in financial assets such as bank deposits, stocks, and bonds. These savings are used by businesses to invest in new projects and create jobs, which ultimately determine GDP growth. Lower PFCE growth and lower household financial savings can lead to lower GDP growth in a number of ways. Lower PFCE growth means that households are spending less money on goods and services. This can lead to a decrease in demand for products and services, which can hurt businesses and lead to job losses. Lower household financial savings means that...

  India's household financial and physical assets savings as per RBI have declined in recent years. Household financial savings:  Household financial savings in India declined to 5.1% of GDP in 2022-23, the lowest since 1976-77. This was down from 7.2% in 2021-22. Household physical assets savings:  Household physical assets savings, on the other hand, have increased in recent years. They rose to 11.8% of GDP in 2021-22, up from 10.7% in 2020-21. The decline in household financial savings is attributed to a number of factors, including: Rising inflation:  Inflation has been rising in India in recent months after Covid, which has eroded the purchasing power of households. This has led to households spending more on essential items, leaving them with less money to save. This should have pushed up PFCE as a percentage of GDP but only a tad more than the long term trend Increase in debt:  Household debt has also been increasing in recent years. This has put a strain...

  Elections, particularly in India, can indeed have an impact on its economy, including liquidity and inflation. During election periods, State governments of India often increase spending to buttress their election campaign and implement populist measures to attract voters. However this GOI has eschewed its temptation to loosen its purse strings. However it has increased its Capex infra projects which can generate assets and have a trickle down effect in the income of the people. But this increased government spending at State levels can potentially lead to higher liquidity in the financial system. If the increased liquidity is not matched by an increase in productivity or economic growth, it can potentially lead to inflationary pressures. In such situations, central banks like the Reserve Bank of India (RBI) might need to adopt tight liquidity management policies to rein in inflation. Tight liquidity management involves reducing the money supply in the economy by selling governme...

  India's latest IIP numbers for June 2023 are not encouraging. The Index of Industrial Production (IIP) rose by just 3.7 percent in June 2023, as compared to 5.2 percent in May 2023. This is the lowest IIP growth rate since February 2023. The slowdown in industrial production is being attributed to a number of factors, including: 1)The ongoing global chip shortage, which is affecting production in a number of sectors,  including automobiles and electronics. 2)The rising cost of raw materials, which is making it more expensive for businesses to produce goods . 3)The slowdown in investment activity, as businesses become more cautious about spending  in the face of rising inflation and interest rates. The slowdown in industrial production is a worrying sign for the Indian economy. The manufacturing sector is a major driver of economic growth, and a slowdown in this sector will have a knock-on effect on other sectors, such as trade and services. The government will need to t...