ASEAN and India sink into deep minus growth, Indian economy shrinks by 20.6%

[beijingwalker]

ASEAN and India sink into deep minus growth, Indian economy shrinks by 20.6%
Acceleration of digitization expected due to COVID-19 pandemic
July 7, 2020 10:30 JST

The economies of five Southeast Asian countries and India shrunk significantly in the April to June quarter, according to a survey conducted by Japan Center for Economic Research and Nikkei, which is being reported by the Nikkei Asian Review.

The five ASEAN countries include Indonesia, Malaysia, Philippines, Singapore, and Thailand. “The growth projection for ASEAN5 for the April-June period is -7.8%, marking a sharp drop of 9.7 points from the previous survey in March. Negative growth rates are forecast for all five countries,” says the report.

Meanwhile, according to the survey, the Indian economy “is estimated to have shrunk by 20.6% in the April-June period”.

https://asia.nikkei.com/Economy/ASEAN-and-India-sink-into-deep-minus-growth-JCER-survey

 

[beijingwalker]

And India still has billions of dollars to spare to rush buy foreign weapons just because so brawls along the Chinese border.

 

[PradoTLC]

And India still has billions of dollars to spare to rush buy foreign weapons just because so brawls along the Chinese border.

they can do that bcos of their caste society.

the 700M poor of india dont matter and their gov knows it.

 

[52051]

Fake news, how could a country residing comfortably at the rock bottom of economy, still manage to grow negatively?

 

[Viet]

India should boycott Chinese products. Buy more Viet products.
Let’s superpower chinese feel the pain.

 

[Ashraf. M]

Yes.. Bypass China get merchandise from all the rest.. let the CN beg fpr deals

 

[RedHulk]

Keep it up boys you are almost there specially after boycott China you will go into -20% growth.

 

[Globenim]

When faced with a economic crisis India tried to distract with border transgressions into its neighbours territories.
When getting their nose bloodied by three of them they start to bribe Russia with billions of dollars to take their side.

The Modi regime is out of touch with their people and their poor. They only look at their swiss bank accounts and their properties in the USA and UK if things go further South than India.

 

[CIA Mole]

hope india fuckign dies

 

[Figaro]

ASEAN and India sink into deep minus growth, Indian economy shrinks by 20.6%
Acceleration of digitization expected due to COVID-19 pandemic
July 7, 2020 10:30 JST

The economies of five Southeast Asian countries and India shrunk significantly in the April to June quarter, according to a survey conducted by Japan Center for Economic Research and Nikkei, which is being reported by the Nikkei Asian Review.

The five ASEAN countries include Indonesia, Malaysia, Philippines, Singapore, and Thailand. “The growth projection for ASEAN5 for the April-June period is -7.8%, marking a sharp drop of 9.7 points from the previous survey in March. Negative growth rates are forecast for all five countries,” says the report.

Meanwhile, according to the survey, the Indian economy “is estimated to have shrunk by 20.6% in the April-June period”.

https://asia.nikkei.com/Economy/ASEAN-and-India-sink-into-deep-minus-growth-JCER-survey

Looks like the >5 times gap between the Chinese and Indian GDP just got even larger LOL

Yes.. Bypass China get merchandise from all the rest.. let the CN beg fpr deals

Tell that to your pharma industry which imports 90% of APIs from China

 

[beijingwalker]

Looks like the >5 times gap between the Chinese and Indian GDP just got even larger LOL

This is almost certain, While China has fully recovered, India in getting worse by the day.

 

[GumNaam]

And India still has billions of dollars to spare to rush buy foreign weapons just because so brawls along the Chinese border.

that's perfect...they will sink even deeper into the debt trap with double digit negative growth. That way, China can beat india up followed by offering her loans to repair her makeup back up!

India should boycott Chinese products. Buy more Viet products.
Let’s superpower chinese feel the pain.

Yes.. Bypass China get merchandise from all the rest.. let the CN beg fpr deals

uhm, you geniuses do realize that most if not all of those viet exports are gonna be from Chinese companies producing in vietnam or connected to a Chinese company one way or another, right? China wins either way...