India faces biggest economy decline in seven decades

[jamahir]

Are you pointing at me ?

 

[Daghalodi]

Are you pointing at me ?

 

[PradoTLC]

India faces biggest economy decline in seven decades
The country's GDP shrinks by 7.7% – lowest level since 1952

Web Desk

09:03 PM | 9 Jan, 2021

NEW DELHI – India’s economy is on a sharp decline with its gross domestic product (GDP) shrinking by at least 7.7%, lowest since 1952.
According to economists surveyed by Bloomberg, the decline in GDP for the year ending in March 2021 will be steeper than the 7.5% drop forecast by the Reserve Bank of India. The economists attribute this drop to the rapid spread of coronavirus cases and measures to contain them that hurt businesses and households.
The Indian Ministry of Statistics admitted that the “estimates may undergo sharp revisions due to disruptions caused by steps to contain the pandemic.” data collection was suspended coinciding with a nationwide lockdown.
Despite one of the strictest coronavirus lockdowns, India is now home to the world’s second-highest virus infections — which at more than 10.4 million, has kept the government from fully reopening the economy. The contraction in the nation’s GDP will also be the first since 1980, when the economy shrank 5.2%, and is set to be the worst slump in South Asia.
India is expected to further suffer significant burden on its economy as calls are growing for the Covid vaccine inoculation drive to be complemented by more support from fiscal and monetary policy makers. India granted emergency approval for the vaccine developed by AstraZeneca Plc and the University of Oxford earlier this month, to pave the way to begin vaccinating its population.
With 10.4 million confirmed coronavirus cases, India has the second-highest total behind the United States. The government of India is planning to kick off a vaccination drive on Jan. 16 to stem COVID-19 in the world’s second-most populous country that has so far reported almost 150,800 virus-related deaths during the pandemic.

Dodi..sorry modi we love you

keep it up!

 

[Chakar The Great]

Its alarming, people voted Modi for economic development. If BJP government fails to deliver they ll be kicked out in 2023-24.

 

[graphican]

View attachment 705462
Why are Indians so confident, and can find confidence in everything?

I testify that most Indian colleagues (almost 95%+) are "juga di" "time-pass", "dang-tapao" group. They are not dependable by nature and have poor work-ethics - if this is what Modi is proud of.

Can Indians name a single thing which they produce and that's world-class or a benchmark? Oh forgot, *yoga* is an Indian thing. Let's credit them for that "invention".

 

[Splurgenxs]

Its alarming, people voted Modi for economic development. If BJP government fails to deliver they ll be kicked out in 2023-24.

Problem is the guys a showboat a natuankibaz , he is pushing reform at a pace that is hitting the markets with too much uncertainty + Trump trade wars + the corona,
coupled with a media that is the 360 of Chinese media.
While the Chinese state controlled media tries to suppress shocks by censorship , Indian media fans the flames.

The reforms brought in are semi productive and does have positive implications as these are law and reforms purposed for quite some time yet bogged down due to senate backing,
now the the BJP has more backing that anyone in history , laws are being push through like anything.

Growth will happen , could it have been done better of course, nevertheless, will not change the fact that the BJP has no challenger.

I was hoping for some competition wrt the protest against farm laws , like with AAP
but alas Pakistan has given too much fodder to this idiot to secure his mandate for quite some time.

Since the growth card went out for the short term the BJP is now pedaling Hindutva garbage .
These people are professional sheep headers for sheep.

 

[Path-Finder]

fake newj, moohdhi ji will fix everything. you just watch.

 

[Chakar The Great]

Problem is the guys a showboat a natuankibaz , he is pushing reform at a pace that is hitting the markets with too much uncertainty + Trump trade wars + the corona,
coupled with a media that is the 360 of Chinese media.
While the Chinese state controlled media tries to suppress shocks by censorship , Indian media fans the flames.

The reforms brought in are semi productive and does have positive implications as these are law and reforms purposed for quite some time yet bogged down due to senate backing,
now the the BJP has more backing that anyone in history , laws are being push through like anything.

Growth will happen , could it have been done better of course, nevertheless, will not change the fact that the BJP has no challenger.

I was hoping for some competition wrt the protest against farm laws , like with AAP
but alas Pakistan has given too much fodder to this idiot to secure his mandate for quite some time.

Since the growth card went out for the short term the BJP is now pedaling Hindutva garbage .
These people are professional sheep headers for sheep.

So you blamed media, Pakistan, AAP and every one. Its time India starts looking inward.

 

[MrAlpha1]

I think modi is Pakistan's agent, On mission to destroy India.

 

[jamahir]

 

[Surya 1]

India faces biggest economy decline in seven decades
The country's GDP shrinks by 7.7% – lowest level since 1952


Web Desk

09:03 PM | 9 Jan, 2021

NEW DELHI – India’s economy is on a sharp decline with its gross domestic product (GDP) shrinking by at least 7.7%, lowest since 1952.
According to economists surveyed by Bloomberg, the decline in GDP for the year ending in March 2021 will be steeper than the 7.5% drop forecast by the Reserve Bank of India. The economists attribute this drop to the rapid spread of coronavirus cases and measures to contain them that hurt businesses and households.
The Indian Ministry of Statistics admitted that the “estimates may undergo sharp revisions due to disruptions caused by steps to contain the pandemic.” data collection was suspended coinciding with a nationwide lockdown.
Despite one of the strictest coronavirus lockdowns, India is now home to the world’s second-highest virus infections — which at more than 10.4 million, has kept the government from fully reopening the economy. The contraction in the nation’s GDP will also be the first since 1980, when the economy shrank 5.2%, and is set to be the worst slump in South Asia.
India is expected to further suffer significant burden on its economy as calls are growing for the Covid vaccine inoculation drive to be complemented by more support from fiscal and monetary policy makers. India granted emergency approval for the vaccine developed by AstraZeneca Plc and the University of Oxford earlier this month, to pave the way to begin vaccinating its population.
With 10.4 million confirmed coronavirus cases, India has the second-highest total behind the United States. The government of India is planning to kick off a vaccination drive on Jan. 16 to stem COVID-19 in the world’s second-most populous country that has so far reported almost 150,800 virus-related deaths during the pandemic.

It was a self inflicted decline to fight with corona. We closed our railways, airport, cinema restaurant etc. It has not happened because of recession. 50 cent army and their cheer girls are unnecessary cheering. Had we choosen the path in which our 21 million mobiles becomes inactive, we would have maintained our growth rate. However, every country doesn't give importance to economy over Huma life. We don't have puppet pm or dictator in power.

 

[DoTell]

What's keeping India stable, the Indians confident and hopeful is democracy.
What's holding them back in also democracy.
70 years of democracy in the making, it's hard for them to see what's delusion and what's reality. Hence "we have a choice", "we are born free", "we will be super power in 20XX"

 

[Taimoor Khan]

India is also starring down at food shortages due to ongoing farmer protest with farmers not working on their fields and season's plantation already missed.

 

[Sulman Badshah]

The reason for the long beard.

View attachment 705448
View attachment 705452

Reason for Long Beard

 

[xuxu1457]

What's keeping India stable, the Indians confidence and hopeful is democracy.
What's holding them back in also democracy.
70 years of democracy in the making, it's hard for them to see what's delusion and what's reality. Hence "we have a choice", "we are born free", "we will be super power in 20XX"

This is a disease called democratic extremism. The idea is that democracy is a panacea，it can solve all problems.

If you think about it, of all the democracies in the world, how many have developed? Europe and the United States were originally developed by colonization, war, science and technology, and rules, but not by democracy. Japan, South Korea and Singapore were not democracies when they were booming. Democracy may be the end result, not a prerequisite for development.

Can you give me an example, because it is only a simple one-person-one-vote democracy, because democracy is developed immediately?