Domain Maximus - Latest Comments in Inflationary Economics - The Rising

Re: Inflationary Economics - The Rising

RS — Sun, 14 Oct 2007 23:39:19 -0000

Very well written. It was a joy to read. Also loved the previous post (Blossom Babykutty). A profound and enlightening piece of work which makes the reader ask (himself and others around him); polymer dolls can be imported without being seized at customs?

Re: Inflationary Economics - The Rising

bhanu — Fri, 12 Oct 2007 10:16:56 -0000

This is the most important thing in the rise of Indian economy " Not worried about Future" .
Now here is the cycle ,
The H1 boom, and Y2K helped IT revolution shipped some Indians abroad.
The money remitted by these Indians helped the families to spend more which helped the traditional brick and mortar companies. So the output rose.
The psychology of the people helped the economy grow.
The dollar remittance by Indians living abroad in the 50s through 90s is probably much lower than the one in the 2000s. I am trying to get numbers.
Meantime , please revert back to the HUMOR :-)

Re: Inflationary Economics - The Rising

bhanu — Fri, 12 Oct 2007 10:16:28 -0000

By 2003 the remittances reached $ 18billion which translates to "7920000 0000000"
which is 79 lakhs, crores . Holy Crazy . Thats how much money is available to spend for the people living in India.
Now going back to the Keynesian output, this is not an output by Indians living in India.
This is the output by Indians living abroad, but spent in India.
Now throw in the people psychology to this mix.
People are spending more than their parents did. Reason, they are getting spending money from a cousin or brother living abroad. OR in the case of working professionals, they are getting good salaries from the companies and are not worried about future.

Re: Inflationary Economics - The Rising

bhanu — Fri, 12 Oct 2007 10:14:44 -0000

Now the real math,
About 1 million jobs were created by the TATAS, AMBANIS .... NARAYAN MURTHY's for the last ten years. This eventually helped government treasury as people paid taxes.
Government is getting richer every day.

Now back to the argument from your Keynesian school of thought
that money supply in addition to interest rates, and output ,
Interest rates were hovering around 6%.
Now lets talk about the output, while the output was increased, ( i don't have exact numbers ) the issue here is the spending capacity of the growing middle class. In current day, Indian middle class families have few relatives abroad and received healthy sum from them.

Re: Inflationary Economics - The Rising

bhanu — Fri, 12 Oct 2007 10:09:53 -0000

Also , can you write more on the BLACK money in India ?

Re: Inflationary Economics - The Rising

Amarjeet — Fri, 12 Oct 2007 09:38:37 -0000

I like your new style

Re: Inflationary Economics - The Rising

Vijay — Fri, 12 Oct 2007 07:16:36 -0000

dude,

its fundoo easily one of your best. i am a regular to your blog but for the first time i felt compelled to post a comment.

keep it up... "Nobel prizes are being flung" was a killer... whoa whoa

Re: Inflationary Economics - The Rising

Hari — Fri, 12 Oct 2007 02:16:23 -0000

Yay! I got the Pamela bit.. Can't say about the rest though.. :) But I'm sure we flock together here..

Re: Inflationary Economics - The Rising

sidin — Fri, 12 Oct 2007 01:03:13 -0000

Normal goofy? :)

Well horses for courses really. And in a few years time I will get my style and stage sorted out.

Re: Inflationary Economics - The Rising

sidin — Fri, 12 Oct 2007 01:02:27 -0000

Ah but what to do about the people at Businessline? Simply not the place for Blossom Babykutty no?

Re: Inflationary Economics - The Rising

sidin — Fri, 12 Oct 2007 01:01:39 -0000

Interesting yes. Important? Not really... When was the last time you heard that an economist saved the world?

Re: Inflationary Economics - The Rising

sidin — Fri, 12 Oct 2007 01:00:51 -0000

No one knows what inflation is. And dont even get me started about economics... shudder...

Re: Inflationary Economics - The Rising

sidin — Fri, 12 Oct 2007 00:59:41 -0000

He he he. Let me what else happens in Blossom's life. Though I swear there is a real Blossom out there who is baying for my blood.

Re: Inflationary Economics - The Rising

sidin — Fri, 12 Oct 2007 00:58:55 -0000

Could be. Could be. People laugh when they just see me. So I guess there is potential somewhere.

Re: Inflationary Economics - The Rising

Anon — Thu, 11 Oct 2007 23:36:46 -0000

Please stick to your normal goofy posts. The tried-to-stretch-too-hard sarcasm-and-one liners are awful. One can almost visualize you trying too damn hard to insert some humour into this post.

Au contraire, youre rediff ones are more like typically you..Keep them up..

Cheers

Re: Inflationary Economics - The Rising

balaji — Thu, 11 Oct 2007 14:11:15 -0000

My dear Sidin,

Yeh tumhe kya ho gaya!!! Why ? Why ? With great difficulty I find people who write entertaining stuff on the blogosphere. You are one of those few whose writing I do enjoy. But why are u getting into all this muck about economics and serious topics. Maybe u are taking ur blogging too seriously. It's like Sachin adapting his batting style to suit his age. Sure it does good to him..but as a spectator u are left uninspired!!! The same is happening with u. So leave all this and get back to ur bindaas blogging.

All the best...

Or as an afterthought..is it all becoz u r now married and have lost the sources of ur cheeky posts!!

Re: Inflationary Economics - The Rising

bhanu — Thu, 11 Oct 2007 10:55:57 -0000

About half a million indians between 1995 and 2005 invested in India. Their investments include buying land , buying cars , buying TVs for their near and dear. Add this investment to the major IT company revenues , primarily from america and europe.

Re: Inflationary Economics - The Rising

rahul — Thu, 11 Oct 2007 03:33:34 -0000

huh... over head transmission! when too many words have very less meaning, that's inflation too... :P...

Re: Inflationary Economics - The Rising

Adithan Karikalan — Thu, 11 Oct 2007 01:40:39 -0000

Some parts were quite funny.

Also, it looks like you have a thing for inflatable ummmm....! you made a comment on Prem Panicker's blog using this as well.

Re: Inflationary Economics - The Rising

Preeth — Wed, 10 Oct 2007 17:32:28 -0000

Super Sidin. I dint know Economics was this interesting. Or important. Thanks for the education :)

Re: Inflationary Economics - The Rising

Deepak — Wed, 10 Oct 2007 15:14:38 -0000

I thought I knew what inflation was....till u made it difficult.

Re: Inflationary Economics - The Rising

bhanu — Wed, 10 Oct 2007 14:32:48 -0000

U Da Man,
Inflation 101 for dummies !!!!!
Seriously you are helping few out there with your simple explanations.
Like the guy who commented before me , you should try in comedy, but not as a comedian , may be writing comedy scripts for the comedians.

Have you watched Russell Peters ?
You can take inspiration from Conan O'Brian :-)

As the inflation lowers, so is the dollar value compared to rupee.
Which will eventually slow down the growing indian economy.

All in thousands of dollars.

Wipro
Total Revenue 3,436,921 2,387,405 1,862,972
Cost of Revenue 2,350,606 1,612,051 1,233,274

Infosys
Total Revenue 3,090,000 2,152,000 1,592,000
Cost of Revenue 1,777,000 1,244,000 904,000

SATYAM
Total Revenue 1,461,400 1,096,300 793,597
Cost of Revenue 937,600 689,000 506,776

Before I jump on analyzing thee numbers , I should start going back to my "H1B Theory Of Growth For Indian Economy ".

Which I will elaborate slowly ,
To begin with , take a look at the numbes below
No of H1s Year

65000 1996
65000 1997
90000 1998
115,000 1999
195,000 2000
195,000 2001
195,000 2002
195,000 2003
130,497 2004
116,927 2005
65,000 2006
65,000 2007

Of which total of these , 25% are indians, according to DHS.
But I would give a healthy 40% , given the fact that DHS was carved out of INS, and Dept of Justice and NSA .... etc and have no fancy ( proper) computer system in the 90s.
Which will put the H1B number to 596969.6, close to six lakhs.

Need more time to finish this , to be continued.

Re: Inflationary Economics - The Rising

Indiaholic — Wed, 10 Oct 2007 14:12:26 -0000

Heh. Funny. Thanks for dispelling any myths that I harboured about understanding inflation.

Re: Inflationary Economics - The Rising

Robs — Wed, 10 Oct 2007 09:19:01 -0000

Hey Sidin, how bout posting a lil more on the travails of Blossom Babykutty??
Eagerly waitin for the mallu chettan's next travail...

Re: Inflationary Economics - The Rising

Aravind — Wed, 10 Oct 2007 09:08:02 -0000

haha..excellent.
have you ever tried to be a standup comedian? might be another of your turf.