10 percent of India’s GDP will be lost forever .

[Flight of falcon]

With the looming recession, low growth rate for the next two years and 40 percent GDP contraction in this quarter things are not looking good. Modi as usual is busy directing his RSS forces and organizing mobs to attack and kill Muslims.
Sad times in India indeed :

https://www.google.ca/amp/s/m.econo...-q1-sbi-research/amp_articleshow/76022260.cms

Economy may contract by over 40% in Q1: SBI Research
SBI Research estimates the economy will contract by 6.8 per cent in FY21.
By ET Bureau | Updated: May 27, 2020, 02.31 PM IST

BCCL - Non Copyright
New Delhi: The Indian economy faces a 'humongous' loss in the June quarter......

 

[Chakar The Great]

India is already a super power. These small things will make no difference to mighty Indian economy.

 

[The Maverick]

You cannot lose a GDP FOR EVER...

Your title is so wrong

You did not explain the cause of this fall

And why is it unique to India

 

[Flight of falcon]

Now for a second think about million of workers who were left to fend for themselves and many dies on their way.... I swear RSS and Modi are heartless MoFO to do that to the poorest and most vulnerable ..... sickest regime you can think of...

You cannot lose a GDP FOR EVER...

Your title is so wrong

You did not explain the cause of this fall

And why is it unique to India

What kind of dumb thinking is that??? Lost wages, lost consumption, lost productivity, lost oppertunity .... they all result in lost GDP FOREVER...

 

[The Maverick]

Now for a second think about million of workers who were left to fend for themselves and many dies on their way.... I swear RSS and Modi are heartless MoFO to do that to the poorest and most vulnerable ..... sickest regime you can think of...




What kind of dumb thinking is that??? Lost wages, lost consumption, lost productivity, lost oppertunity .... they all result in lost GDP FOREVER...

WHY IS LOSS HAPPENING my friend please xplain this amazing story
why is the fastest growing major economy for last 10 years losing 10% lol lol

 

[Flight of falcon]

"About 10% of gross domestic product (GDP) in real terms could be permanently lost. So going back to the growth rates seen before the pandemic is unlikely in the next three fiscals."

In the past 69 years, India has seen a recession only thrice – as per available data – in fiscals 1958, 1966 and 1980. The reason was the same each time – a monsoon shock that hit agriculture, then a sizeable part of the economy.”

https://www.google.ca/amp/s/m.econo...scal-says-crisil/amp_articleshow/76004775.cms

 

[Kyusuibu Honbu]

India is already a super power. These small things will make no difference to mighty Indian economy.

Yet Indian Govt begs for debt write off

 

[Flight of falcon]

WHY IS LOSS HAPPENING my friend please xplain this amazing story
why is the fastest growing major economy for last 10 years losing 10% lol lol

Ok economics 101: loss is happening because there is no demand , demand requires spending , 120 million out of job cannot generate demand , banks in India have the worst bad debt in the entire world , people out of job are not credit worthy , India is linked to international trade chain, international demand is way down, despite Modi lying out of his *** the package is not with 10 percent of GDP but only 1 percent :.... so demand is either created by the government spending or consumer spending.... both are missing by the grace of Modi.

 

[xeuss]

Yet Indian Govt begs for debt write off

Are you being sarcastic or did they really ask for it?

 

[Kyusuibu Honbu]

Are you being sarcastic or did they really ask for it?

sarcasm

 

[The Maverick]

Yet Indian Govt begs for debt write off

https://thewire.in/economy/coronavirus-covid-19-economic-effect

india will lesast likely effected of the top 20 richest economies

india sits at 5th

 

[Flight of falcon]

Yet Indian Govt begs for debt write off

going by India’s history and if the recession is hard they begged for the write off and even sold their gold reserves .... you guys have a real short memory and let’s not forget that recession was no where near this recession...

https://thewire.in/economy/coronavirus-covid-19-economic-effect

india will lesast likely effected of the top 20 richest economies

india sits at 5th

Oh really .... funny the IMF Indian chief economist was claiming 7 percent growth a month ago and now this :

https://www.google.ca/amp/s/www.liv...conomy-into-deep-coma/amp-11590475274452.html

 

[Kyusuibu Honbu]

https://thewire.in/economy/coronavirus-covid-19-economic-effect

india will lesast likely effected of the top 20 richest economies

india sits at 5th

Indian economy can take a backseat for now, current priority should be weathering the Covid crisis

 

[Flight of falcon]

Indian economy can take a backseat for now, current priority should be weathering the Covid crisis

Before you make fun of us for asking for loan forgiveness look at your own aukat. India had to sell/collateral their gold reserve to get a loan.....

https://www.imf.org/external/pubs/ft/staffp/2002/03/pdf/cerra.pdf

 

[Chakar The Great]

Indian economy can take a backseat for now, current priority should be weathering the Covid crisis

We saw how Indian economy helped over 100 million migrants on roads. People eating dead dogs on street and dying of hunger while sleeping on railway tracks. You must be proud of your economy.