"Never Trust What People in Indian Business Say": Bloomberg

[Khanivore]

Doesn't matter, that is life. Road accidents, murder, cancer etc. This one is caused by China

Hunger alone kills 1.6 MILLION kids in India, under the age of FIVE - every year - all because of HUNGER, not the virus. And that's just the kids.

Your negativity is driven by envy and hate for China, you don't give a damn about how many people are dying in India due to non-China related issues.

Get off your high horse and show some maturity.

 

[Baba_Yaga]

Hunger alone kills 1.6 MILLION kids in India, under the age of FIVE - every year - all because of HUNGER, not the virus. And that's just the kids.

Your negativity is driven by envy and hate for China, you don't give a damn about how many people are dying in India due to non-China related issues.

Get of your high horse and show some maturity.

Link? Or just a figure you liked? Pretty sure the number is high, but no need to exaggerate. Besides, even if it was 10 million, doesnt change anything. That is our problem. The virus was caused due to China and they are responsible for the deaths that occur.

 

[Robbie]

Funnily enough, Trump, Boris and Modi all seem to have same ideology.

Yes. It's not just them. The entire world is going protectionist. I believe that new business models will emerge because of this.

Indeed, one Indian company - Infosys, has created over 10,000 jobs in the US because of increased restriction on visas. And now the Indian Government has started negotiating visas as a trade commodity/concession with different countries including US and European states. So new ways and means will start emerging.

This is something everyone is waiting to see. Frankly speaking, as much as it may be painful, I'm afraid the setback for the Indian economy - including Pakistan, could well be quite bad. China will pull through, even after this COVID-19 pandemic.

Yes. I firmly believe that India has been set back by at least 5 years because of this. The Chief Economic Advisor to the GoI estimated in 2017 that extreme poverty in India will end when the per capita GDP reaches $6000. Right now, India is at $2000. That means to end just extreme poverty India needs to triple its per capita GDP. Ordinarily, that would have taken around 10-12 years. Now with this, it may be closer to 15-17 years. It's an unmitigated disaster.

The only positive from this I can see from this is improved State capacities. One or two decades back the military would have been called in as Governments (State and Center) did not have adequate governance capabilities. Today GoI is mostly able to handle a disaster of unprecedented proportions without depending on the military. The military has been mobilized for support in specific areas but broadly they are not on the frontlines of this. This means that Governments (state and center) have become more efficient in reaching the people. Also, the seriousness with which this is being handled also implies that state capacities will continue to increase across the board.

I won't be able to comment on the Pakistani economy as I don't follow it in detail. I do understand that the Pakistani PM has refused to lock down the country. This may lead to a catastrophe. Additionally, there were some reforms that were being executed under IMF conditions which will definitely be abandoned now. So it's a lost opportunity to introduce reforms that bring make businesses formal.

On China, it may pull through economically but it will pay a price politically.

 

[Khanivore]

Link? Or just a figure you liked? Pretty sure the number is high, but no need to exaggerate. Besides, even if it was 10 million, doesnt change anything. That is our problem. The virus was caused due to China and they are responsible for the deaths that occur.

Look it up. Your Supreme Court has this info..

but I'll save you the hassle... look at this video:

 

[Baba_Yaga]

Look it up. Your Supreme Court has this info..

but I'll save you the hassle... look at this video:

https://scroll.in/latest/940851/in-...hest-number-in-world-died-in-2018-says-unicef

8.8 lakh under 5 deaths in 2018, 70% due to hunger. That's 600,000, 1 million less than the figure you posted. Never denied India has a huge hunger problem. But when you exaggerate a figure by 3 times, its trolling, not serious conversation

 

[Khanivore]

https://scroll.in/latest/940851/in-...hest-number-in-world-died-in-2018-says-unicef

8.8 lakh under 5 deaths in 2018, 70% due to hunger. That's 600,000, 1 million less than the figure you posted.

Please get up-to-date figures. The video explains it all. It's 4,500 deaths per day due to malnutrition.

 

[Robbie]

Look it up. Your Supreme Court has this info..

but I'll save you the hassle... look at this video:

My apology for making you re-read. I edited my previous post to add more information. Thank you for sharing the video. It was very informational.

 

[khansaheeb]

Don't disagree with what he says, but don't impute his statement to Bloomberg. He is an opinion columnist for Bloomberg and this is his opinion not that of Bloomberg itself.

He is making a very accurate observation and is very well justified in his comment. Bloomberg is right in airing this to the world as the incredible India is a scam and a lot of the world investors have been burnt by it. Mihir is fully justified in saying that the Indians talk big and best not to believe them until they deliver. The Indians created a bubble and the bubble is going to burst very soon and only themselves can be blamed for the chaos that is going to follow.

 

[ARMalik]

I have said it plenty of times and I will say it again about India - their biggest weapon is their ability to BULL SHI.T. And I am being serious. This collection of people called india have ALWAYS faked their GDP numbers, in fact they have manipulated GDP calculations. This is a Well known international fact. They have faked a lot of their lead economic indicators. If people want to trust these Habitual Liars, then it simply means that they are fools.

 

[khansaheeb]

Please get up-to-date figures. The video explains it all. It's 4,500 deaths per day due to malnutrition.

That is so sad and unjustifiable in the 21st century.- "4,500 deaths per day due to malnutrition"

 

[Khanivore]

Yes. It's not just them. The entire world is going protectionist. I believe that new business models will emerge because of this.

Most of the countries follow Washington.

Indeed, one Indian company - Infosys, has created over 10,000 jobs in the US because of increased restriction on visas. And now the Indian Government has started negotiating visas as a trade commodity/concession with different countries including US and European states. So new ways and means will start emerging.

So the real benefit goes to the US economy because the jobs were created in the US.

Yes. I firmly believe that India has been set back by at least 5 years because of this. The Chief Economic Advisor to the GoI estimated in 2017 that extreme poverty in India will end when the per capita GDP reaches $6000. Right now, India is at $2000. That means to end just extreme poverty India needs to triple its per capita GDP. Ordinarily, that would have taken around 10-12 years. Now with this, it may be closer to 15-17 years. It's a disaster.

It is a huge setback and one that will hurt bad.

The only positive from this I can see from this is improved State capacities. One or two decades back the military would have been called in as Governments (State and Center) did not have adequate governance capabilities. Today GoI is mostly able to handle a disaster with unprecedented proportions without depending on the military. The military has been mobilized for support in specific areas but broadly they are not on the frontlines of this. This means that Governments (state and center) have become more efficient in reaching the people. Also, the seriousness with which this is being handled also implies that state capacities will continue to increase across the board.

We will have to hope all the States can manage this pandemic well because the hunger is a bigger threat to the vast majority of poor people than the virus. Will the States take care of their poor in these testing times? I hope so because 80% of India's workforce is from the villages.

I won't be able to comment on the Pakistani economy as I don't follow it in detail. I do understand that the Pakistani PM has refused to lock down the country. This may lead to a catastrophe. Additionally, there were some reforms that were being executed under IMF conditions which will definitely be abandoned now. So it's a lost opportunity to introduce reforms that bring make businesses formal.

I'm not so sure about the situation over there but I'm sure IK has his reasons. He's got advisors, plus the full backing of the military and intelligence.

On China, it may pull through economically but it will pay a price politically.

It will indeed. But the Chinese are masters in diplomacy and trade. They are resilient, they will overcome their hurdle. I just hope my country doesn't make China an enemy as we need China after Brexit.

My apology for making you re-read. I edited my previous post to add more information. Thank you for sharing the video. It was very informational.

No problem.

 

[Baba_Yaga]

Please get up-to-date figures. The video explains it all. It's 4,500 deaths per day due to malnutrition.

So hunger increased 3 times from 2018 to 2020. Yea ok, might as well say 30 times.

 

[Khanivore]

That is so sad and unjustifiable in the 21st century.- "4,500 deaths per day due to malnutrition"

Under the age of 5.

 

[khansaheeb]

Under the age of 5.

That's 234000 per year wtf.

 

[Khanivore]

So hunger increased 3 times from 2018 to 2020. Yea ok, might as well say 30 times.

It's people like you; ignorant, uneducated, backward, selfish, me, me, me types that turn a blind eye to such a tragedy. You're shameless. Grow a bit of conscience for once.

That's 234000 per year wtf.

4,500 x 365 days = 1 year = 1.64 Million deaths.