India faces biggest economy decline in seven decades

[Path-Finder]

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

no no, it will come to power again. the hindutva crowd is not bothered by economy.

 

[KurtisBrian]

a collapsed economy is in part what gave rise to Hitler. Perhaps Modi is equivalent to Hindenburg and leading India to it's Hindenburg disaster, "oh the humanity". This in turn will give rise to the real wacko nutjob Indian "Hitler".

Remember the Germans were looking for a 4th Reich. They flooded into the USA probably hoping to make that the place but now looks like they finally figured out that India is the actual bounty.

 

[Beast]

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.

Everytime, India on way to overtake UK in economy scale. It will be stopped somehow.

 

[Cliftonite]

This capitalist silliness about economic decline doesn't matter. If India was a socialist / communist welfare state any so-called external economic connections wouldn't have mattered to India's citizens.

You need a de-radicalization from your communist brainwashing lol.

 

[Surya 1]

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.

You are so innocent and cute. I like your wishful thinking.

 

[jamahir]

You need a de-radicalization from your communist brainwashing lol.

The Cubans, the Venezuelans, Kanhaiya Kumar and Carlos ( the jackal ) won't agree with you.

 

[Taimoor Khan]

You are so innocent and cute. I like your wishful thinking.

Just wait and watch, your stupidity has been called on many occasions, but hey you are Indian, it's in your DNA.

 

[shanlung]

You are so innocent and cute. I like your wishful thinking.

Your being so cute and adorable is not a criteria for you to judge if others are cute or not.
That will require intelligence and a feel for good taste but you are so sadly lacking in those attributes , and more.

Best you just remain contented to be cute and adorable to me

 

[GS Zhou]

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

seriously, by selling the votes, the "free" election mechanism gives them free food and drink every five years! And that's why they are so happy about it!

7% decline in GDP is not a big deal to the supa powa 2020. The scale of "votes-purchasing" is equivalent to 9% of their GDP. I.e. Modi can easily fix the economy decline by shortening the election cycle. The more frequent the election, the higher the GDP! That's a quad-win: India gets the GDP, politician gets the votes, people gets the food, democrazy gets the shinning.

What Indian voters buy with ‘bribes’ just before elections: Booze, good food & clothes

The IIM-Bengaluru and University of Kent study looked at consumption patterns of households in major states before & after elections and found a spike in the expenditure on some key items ahead of the vote.

theprint.in