Slump in Indian economy spreading to services sector

[N.Siddiqui]

You guys really have comprehension problem... we are talking about ECONOMY...

You can show your keyboard war skills on related topic...



Some irrefutable facts...
1. Tax payers are increasing every year
2. Huge decline in poverty
3. Record breaking investments in infrastructure sector
4. Ease of doing business

My observation for decline in...

1. BANKING : NPAs and Bad loans... strict adherence to rule while lending now a days

2. Auto : OLA and Uber services are discouraging us to BUY new car...
Banks are not lending easily...
People are confused about fuel type... diesel, petrol, CNG or electric... BS 4 or BS 6... discounts...

The real issue is with BANKS and NBFCs... and it is resulting in a cascading affect...

Remember Chota Ambani was almost going into the jail... for non payment...

More damning and important than anything else...

India's unemployment rate hit 45-year high in 2017-18: report
Modi came to power in 2014 promising to galvanise the economy, and boost employment prospects for the millions of young Indians entering the jobs market each year.

https://www.firstpost.com/business/indias-unemployment-rate-hits-45-year-high-in-2017-18-

[URL]https://asia.nikkei.com/Economy/India-s-educated-youth-suffer-as-jobless-rate-hits-45-year-highjoblessness-rate-touches-6-1-nsso-data-5998091.html[/URL]

 

[Imran Khan]

As an Aussie has Pakistan won any wars against India? I hear Pakistan even lost half the Pakistan country to India in 1971? Is this true? That Pakistan has never won a war against the disgusting Indians?

this news paper is from your country ???????????

 

[Dil Pakistan]

Dear Pakistani Economists,

I would recommend you to advise Imran Khan... as he need it desperately...
I would agree that Indian economy is showing signs of illness and can be cured by Indian economists... but Pakistani economy is in ICU... PLEASE HELP IT OUT FIRST...

On topic, Indian banks are in a real bad shape due to NPAs and Bad loans... plus government is also very strict about processes... some drastic measures are required to achieve 5 trillion goal...

Also, due to hyper-inflated house prices (bad debt). This was one of the major issues of 2007 - 2008 US and UK (+ EU) crisis.

The other BIG problem India has, which breeds all other problems, is the rampant corruption.

 

[xyx007]

As an Aussie has Pakistan won any wars against India? I hear Pakistan even lost half the Pakistan country to India in 1971? Is this true? That Pakistan has never won a war against the disgusting Indians?

We never loose any war with India ,1971 was political failure . If Indian media fake progranda said their vicotry then why we have army face to face on both side borders. and what is worry them since 72 years to capture us as we are small nations.
you need to listen this person

On 14-Sep-1965, the Australian newspaper giving coverage to 1965 war as Biggest tank battle since world war II. Also states that Pakistani forces have repulsed a massive Indian armored assault in the greatest tank battle since the African desert campaign of World War II.

http://www.pitribe.com/posts.aspx?tag=India

 

[N.Siddiqui]

this news paper is from your country ???????????

Why Pakistan don't mention the October 1947 Kashmir war which is a big success for Pakistan, getting about 44% of Kashmir territory as GB and AJK, Pakistan Army and Tribal Lashkars were able to wrestle a big part of Kashmir and it is not one third of Kashmir as India fakes the stats(that is when you include Aksai Chin which is in China control)...

So Pakistan has won the Kashmir 1947 war as well.....

 

[Novice09]

Also, due to hyper-inflated house prices (bad debt). This was one of the major issues of 2007 - 2008 US and UK (+ EU) crisis.

The other BIG problem India has, which breeds all other problems, is the rampant corruption.

This issue is resolved now... we bought agricultural land @ 600/sqmt... where as the government circle rates are 1400/sqmt...
Similarly a plot was bought at 79000/sqmt... whereas circle rate was 86000/sqmt...

Post demonetization and tax reforms real estate is completely under control...