migflug
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Which will grow faster: India or Indonesia? (The Economist)
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Indos
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Latest IMF Projection, October 2023
Indonesia State Budget Deficit to GDP
India State Budget Deficit to GDP
Indonesia State Budget Deficit to GDP
India State Budget Deficit to GDP
World Economic Outlook, October 2023: Navigating Global Divergences
The latest World Economic Outlook reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside.
www.imf.org
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It doesn't matter as long as India has the capacity to pay for it. India's revenue collection is at about 20.1% of its GDP vs Indonesia's 13.56%.
Its forex reserves ($600 billion) are about 5 times Indonesia's ($134 billion). Its external debt is $620 billion vs nearly $400 billion of Indonesia. As long as India's debt denominated in Indian rupees and we are managing our currency well vis a vis dollar, we are actually better than Indonesia in terms of debt.
CallSignMaverick
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Indos
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Yep, but total investment for the last 9 months are growing at 21 percent YoY. Domestic Investment is about 48 % of total investment while the rest is FDI.
Goto, our biggest technology company is also in the path of profitability after able to cut loss about half in Q3 2023.
Indonesia is the only country in ASEAN where its PMI have been in continously expansive mode for quite long term. In latest PMI data, only Indonesia which PMI is in expansive compared to other ASEAN countries ( Singapore, Vietnam, Malaysia, Piliphine, and Thailand)
It will likely be tight race between Indonesia and India for long term.
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As of now, there is no comparison. India's manufacturing and services PMI has been at high 50's for the past year where as Indonesia a very low 50's. There's no comparison there.
Indos
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Tit for tat
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Source: Xinhua| 2023-11-15 18:36:15|Editor: huaxia
JAKARTA, Nov. 15 (Xinhua) -- Indonesia's trade surplus reached 3.48 billion U.S. dollars in October, marking the 42nd consecutive month in trade surplus, showed data released by Statistics Indonesia BPS on Wednesday.
"In October, the trade surplus from the non-oil and gas sector, which amounts to 5.31 billion dollars, was lessened by the deficit of 1.83 billion dollars in the oil and gas sector," deputy for distribution and service statistics Pudji Ismartini told a press conference.
Although down 10.43 percent compared to October last year, the export value in October was 22.15 billion dollars, up 6.76 percent from the previous month.
The import value was recorded at 18.67 billion dollars in October, up 7.68 percent from September, and down 2.42 percent from a year earlier.
From January to October, China accounted for 25.42 percent of Indonesia's non-oil and gas exports, followed by the United States with 9.55 percent, and India with 8.17 percent, showed the BPS data.
Meanwhile, the top three countries for non-oil and gas imports to the Southeast Asian country were China, Japan and Thailand, taking up 33.09 percent, 9.02 percent and 5.55 percent, respectively. ■
www.indiatoday.in
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Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October
Source: Xinhua| 2023-11-15 18:36:15|Editor: huaxia
JAKARTA, Nov. 15 (Xinhua) -- Indonesia's trade surplus reached 3.48 billion U.S. dollars in October, marking the 42nd consecutive month in trade surplus, showed data released by Statistics Indonesia BPS on Wednesday.
"In October, the trade surplus from the non-oil and gas sector, which amounts to 5.31 billion dollars, was lessened by the deficit of 1.83 billion dollars in the oil and gas sector," deputy for distribution and service statistics Pudji Ismartini told a press conference.
Although down 10.43 percent compared to October last year, the export value in October was 22.15 billion dollars, up 6.76 percent from the previous month.
The import value was recorded at 18.67 billion dollars in October, up 7.68 percent from September, and down 2.42 percent from a year earlier.
From January to October, China accounted for 25.42 percent of Indonesia's non-oil and gas exports, followed by the United States with 9.55 percent, and India with 8.17 percent, showed the BPS data.
Meanwhile, the top three countries for non-oil and gas imports to the Southeast Asian country were China, Japan and Thailand, taking up 33.09 percent, 9.02 percent and 5.55 percent, respectively. ■
Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October
Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October-
english.news.cn
India’s trade deficit widens to record level in October
In October 2023, the trade deficit widened to $31.46 billion, compared to $26.31 billion in the same month last year.
India’s trade deficit widens to record level in October
In October 2023, the trade deficit widened to $31.46 billion, compared to $26.31 billion in the same month last year.
How does it matter? India's services exports again covered the deficit to an extent and the rest will be covered by remittances and foreign investment. As long as we are balancing the deficit with something else, even the imports are good. It explains the strength of an economy and reflects in the consumption.Tit for tat
----------------
Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October
Source: Xinhua| 2023-11-15 18:36:15|Editor: huaxia
JAKARTA, Nov. 15 (Xinhua) -- Indonesia's trade surplus reached 3.48 billion U.S. dollars in October, marking the 42nd consecutive month in trade surplus, showed data released by Statistics Indonesia BPS on Wednesday.
"In October, the trade surplus from the non-oil and gas sector, which amounts to 5.31 billion dollars, was lessened by the deficit of 1.83 billion dollars in the oil and gas sector," deputy for distribution and service statistics Pudji Ismartini told a press conference.
Although down 10.43 percent compared to October last year, the export value in October was 22.15 billion dollars, up 6.76 percent from the previous month.
The import value was recorded at 18.67 billion dollars in October, up 7.68 percent from September, and down 2.42 percent from a year earlier.
From January to October, China accounted for 25.42 percent of Indonesia's non-oil and gas exports, followed by the United States with 9.55 percent, and India with 8.17 percent, showed the BPS data.
Meanwhile, the top three countries for non-oil and gas imports to the Southeast Asian country were China, Japan and Thailand, taking up 33.09 percent, 9.02 percent and 5.55 percent, respectively. ■
Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October
Indonesia posts 42nd monthly trade surplus at 3.48 bln USD in October-english.news.cn
India’s trade deficit widens to record level in October
In October 2023, the trade deficit widened to $31.46 billion, compared to $26.31 billion in the same month last year.
India’s trade deficit widens to record level in October
In October 2023, the trade deficit widened to $31.46 billion, compared to $26.31 billion in the same month last year.
migflug
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ESTIMATES OF GROSS DOMESTIC PRODUCT FOR THE SECOND QUARTER (JULY-SEPTEMBER) OF 2023-24
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is re
pib.gov.in
migflug
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Indos
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More of Indonesian coals, palm oils, gold and other goods is likely expected and will likely boost our currency strenght amid current fragile global economic situation due to lower China growth and The Fed tightening policy
Pretty strong growth indeed. Luckily Indonesia is close to India as well. I see India economic growth will benefit Indonesia as well.
JaneBhiDoYaaron
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If BJP comes back in 2024 with full majority at center and comes in power in most of the states, then there’s no comparison India will grow faster than Indonesia. If it’s a hung government or Congress comes back to Power, Indonesia will grow faster.
migflug
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Yes coal, palm oil, copper, nickel would be huge imports from Indonesia.
I dread what will happen with our economy with freebie model of congress and its allies. They will bankrupt us in just few years. Congress of yesteryears had some good minds, but this congress under Rahul Gandhi has lost most of them due to old age and the new gen nepo leaders and extremely incompetent unlike their fathers.
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