Moodys confirm only 3 countries in G20 to show postive GDP growth this Year = Guess ??? the 3

[Protest_again]

So tell me what is your external debt vs reserves now. Negative or positive? Lol

Only dumb people think there is direct corelation between forex and foreign debt. Don't make me laugh.

 

[Han Patriot]

Only dumb people think there is direct corelation between forex and foreign debt. Don't make me laugh.

It's just a simple question, how much is you IIP? What are your reserve figures and what are your debt figures, compare it. Lol. Once you understand this concept, then you will know reserve increment does not mean economic recovery. Its common sense, India is suffering from a virus shit storm and under lockdown, how can it be growing when millions are unemployed?

 

[Protest_again]

It's just a simple question, how much is you IIP? What are your reserve figures and what are your debt figures, compare it. Lol. Once you understand this concept, then you will know reserve increment does not mean economic recovery. Its common sense, India is suffering from a virus shit storm and under lockdown, how can it be growing when millions are unemployed?

This is how India is growing.

India's factory activity grows for first time in five months in August

India's factory activity grows for first time in five months in August India's manufacturing sector activity re-entered the growth territory in August, driven by a rebound in production volumes and new work, amid an improvement in customer demand following the resumption of business operations...

defence.pk

 

[Han Patriot]

This is how India is growing.

India's factory activity grows for first time in five months in August

India's factory activity grows for first time in five months in August India's manufacturing sector activity re-entered the growth territory in August, driven by a rebound in production volumes and new work, amid an improvement in customer demand following the resumption of business operations...

defence.pk

Your GDP just tanked 23% for the quarter ending June, this quarter it is gonna grow for abit for manufacturing due to the fck up drop, but let's wait the results for the 3rd quarter, my bet is you will tank. The virus situation is out of control in India. Lol

 

[CrazyZ]

Nomura expects India's GDP to contract 11% for the whole year. Down from a 6% decline predicated a few weeks ago.

What can I say about moody's. They had Iceland rated at AAA++++ days before it went bankrupt.

Nomura Expects India GDP To Contract 10.8% In 2020-21

“Some sectors may plateau much before they reach their pre-pandemic levels,” Nomura’s Sonal Varma says.

www.bloombergquint.com

 

[Menthol]

Yup, 5.3 percent growth decline in second quarter is quite expected since we do lock down measure. Despite not able to contain the spread of the virus, at least it has slowed the virus spreading and thus give us more time to better prepared in dealing with this pandemic until the vaccine inshaALLAH is ready for mass produced.

Pretty much some project delays which happen during second quarter has been started again in the third quarter. Despite that, several economic sectors IMO are still getting hard effect of the pandemic for the rest of the year which are airline, hotels, tourism, restaurants and street food vendors.

I dont know whether we are going to post positive growth this year, It will be a miracle if that really happen. If the vaccine is really effective and can be manufactured starting in early next year, our economy will likely to post strong growth next year. Not only that, our relation with China will also get better if the vaccine is really effective.

Based on the sales reports on the market, there's a real increase from almost all sectors.

It's getting better each month.

I can guarantee the data is true.

Although we still not yet reach the level before the coronavirus.


Only several businesses will be affected because they can't open during the pandemic, well, because of health concerns, like movie theater for example.

If the sales data can reach the level before the pandemic at the end of the year, I'm sure our economic growth will be positive this year.

Let's hope for it.


But still, we should not let our guard down.

I always remind people and my friends, that despite everything seems normal, it can fool us.