Abhishek Gupta

Blatant violation of BMC rules - construction going on in full swing on Sunday without permission on the land parcel meant for public utility - Next to world heritage site cemetery (Parel Cresent bay) disaster in making with no pathway left for fire tender emergency 🆘 help

@Dev_Fadnavis @mybmc @MumbaiPolice

On the subject of AI and jobs: Hypothetically, if all software development were to be automated - I want to emphasize that we are _nowhere_ close to that goal - and all software engineers such as myself are out of work, it is not like human beings will have nothing to do. The problem is purely economic - how do people afford all the goods that pour out of automated factories that employ no workers? There are two possible solutions: 1. The price of all the robot made goods and all the AI-made and AI-supported software would drop massively and be close to zero or zero. Breathing air costs us zero and we don't complain about it! 2. The remaining things humans do, may get paid well - as an example, taking care of children, home cooked meals, nursing sick people, priests that minister to people, people who take care of soil health, water health, crop health and cattle health (we used to call them farmers), forest restoration specialists, local live performing musicians and so on may get paid much more and that circulates income widely enough for people to afford the goods pouring out of highly automated factories. To state it differently, IF (again, a big if) robots and AI automate all production work, the remaining work humans do like taking care of children would pay very well in terms of purchasing power of those now-ultra-cheap or free goods. This is fundamentally an economic distribution problem, a problem of political economy and not purely a technological problem. One key part is for governments to crack down on monopolies, particularly tech monopolies. Only that will ensure that the prices of goods reflect the very low cost of production arising from AI and automation. There will be at least one country in the world that would get the political economy right.

This article makes a lot of economic and logical sense, even as the arguments are based on circumstantial evidence rather than facts. @PMOIndia @DefenceMinIndia @CimGOI @FinMinIndia

Gold rush swells India’s trade deficit to $30bn in Aug as the govt cut import duties on the metal to 6% from 15% in the Jul budget. Sustained gold imports could amplify rupee weakness. And surging gold demand from India — $10bn in Aug — is another factor to be bullish on gold.

Such wisdom and articulation is rare 🙏

India’s infrastructure build-out is entering a phase of unprecedented acceleration, with more projects scheduled for completion than ever before. A third term for PM Modi — the most likely outcome in the ongoing elections — should sustain that momentum and lift growth ahead.

We analyse the Independence Day speeches of Indian Prime Ministers using a natural language processing tool since 2000 and find that Prime Minister Narendra Modi has significantly altered the political discourse in favour of development and nationalism. @PMOIndia @narendramodi

#India stands out as the sole country with a population large enough to offset retiring factory workers in advanced economies and China, write @DanStrumpf, @anuproy05 & @guptaa28 From 2020-40, @economics estimates it will add 38.7 million factory workers bloomberg.com/news/features/…

@karanbhasin95 @surjitbhalla Thank you @karanbhasin95

Interesting analysis @guptaa28 ; In September 2023, jointly with @surjitbhalla sir: if the current growth differential continues then India & China would have the same per-capita incomes by 2045! Fun fact: Last decade, India grew faster than China! brookings.edu/articles/india…

Our research shows that India could surpass China to become the biggest contributor to global growth on a purchasing power parity basis by 2028.

America’s top universities should abandon their long misadventure into politics, retrain their gaze on their core strengths and rebuild their reputations as centers of research and learning. My take:

@dekhane_mukul Boss These self styled screwconomists like RRRajan & Kau Basu have no idea that my city Amdavad consumes fafda jalebi worth 175 cr on the day of Dussehra. Gold & silver are prized assets & the sales figure of 30000 cr on dhan teras is definitely supposed to be true.

When GoI cash balances swing from surplus to deficit, banking liquidity goes the other direction. Our new gauge for GoI balances show seasonal factors are likely to ensure a large surplus until Feb, keeping liquidity tight. This is likely to rule out RBI bond sales until then.

If you're London this Friday, join our Bloomberg Economics event on the global outlook I'll be moderating a panel on emerging markets with @SelvaBaziki, @x1skv, @guptaa28 Lots of other great speakers Sign up here: go.bloomberg.com/attend/invite/…

Couldn’t have said this better @DivaJain2 I wrote this article back in 2018 when he was appointed — A Breath of Fresh Air at India’s Central Bank. bloomberg.com/opinion/articl…

The German Ambassador & embassy staff & their rendition of #NaatuNaatu in Chandni Chowk. Following the Korean Embassy’s lead. I love the way this is turning into a diplomatic Olympics of one-upmanship! Ok, which nation’s embassy is next up?

A quick list of #Budget2023 highlights bloomberg.com/news/articles/…

What does the 2023 India budget mean for you? Join us on @TwitterSpaces for a discussion with Kotak Investment Advisors CEO @Lakshmi1876, Moody’s Economist Timothy Uy, @guptaa28, @menakadoshi, and @29_ruchibhatia 🚨 Set a reminder: twitter.com/i/spaces/1ZkKz…

Imagine you are the son of a 1920s baron, who has princes to call for reference. You are sent to study in England, in the most of elite of schools. You crack the prestigious ICS, which will give you the stamp of Royalty, that was only reserved for the whites.