Featured India Q1 GDP plunges 23.9% in worst quarter on record

[Pandora]

This image here alone says a lot more than words. Indian economy has been on decline ever since Modi took helm. I really hope he stays in power for at least another 2-3 terms.

 

[Pandora]

View attachment 665576

The worst is yet to come. The trickle down effect will last for years leading to one of the worst global recession. It wont be long now before china takes over US economy.

 

[Mad Scientist 2.0]

How does this compare against other world economies?

It is faring worse in many instances than other countries. Except agriculture every other sector is showing negative growth.

 

[Mista]

Even this 23 % drop is better than I expected.
The economy is self sustaining and is reflected in the rapid rise of foreign exchange reserves to 538 b usd and appreciation of the rupee to 73.3 from 76 to a dollar.

LMAO. Weren't you the one who doubted Singapore's economic fundamentals because we shrank like 13% in Q2?

India’s forex reserves increase by $11.9 billion to hit $534.5 billion

Nothing is perfect; a AAA rating doesn't mean 0% risk. It just means it's the safest class of debt investment. And Singapore's financial position remains stronger than many other AAA countries as quoted in my post above. Read the article you had attached, "Fitch expects the central government...

defence.pk

Compared with a year earlier, GDP fell 12.6% in the second quarter, versus a survey median of -10.5%."

The experts don't seem to agree with your rosy picture of the economy.

Singapore is pretty vulnerable as its a highly financial and services based economy. When the world economy tanks, Singapore cannot live in a bubble.

Singapore is not the most transparent of countries, who knows what the state of their economy really is.

Singapore shrinking 13% in one quarter: It's not rosy in SG, Singapore is too dependent on global demand unlike India, Singapore is not transparent and their numbers may be fake.

India shrinking 24% in one quarter: Even this 23% drop is better than I expected, fortunately India's economy is self-sustaining, our forex reserves are growing rapidly.

 

[Shahzaz ud din]

 

[Dalit]

The writing was always on the wall. India dreamt of Chinese growth rates. Instead it couldn't even maintain single digit growth rate. You cannot have a miracle growth rate because you long to have one. Only China is capable of miracle growth rates.

 

[CrazyZ]

The writing was always on the wall. India dreamt of Chinese growth rates. Instead it couldn't even maintain single digit growth rate. You cannot have a miracle growth rate because you long to have one. Only China is capable of miracle growth rates.

I recall at the start of the crisis their was some release from IMF that China and India would be the only countries to escape recession this year. I recall Indian members on PDF having a field day.

I told them that China would avoid recession because it already had the virus under control and was supplying products needed to fight the pandemic world wide but it was too early for any determination on India.

IMF prediction was probably made by some expat Indian...it made no sense to me. Its part of broader institutional bias, IMO. This is why I generally disregard IMF and World bank predictions.

 

[Hakikat ve Hikmet]

I am pretty sure Modi/BJP/Hindutva are getting even more popular now...

 

[Taimoor Khan]

Central bank financial engineering is not real economic strength. Indian forex was in decline before USA federal reserve provided a currency swap line. RBI has been secretive about use of this currency swap line.

So you saying its yanks/Zionists are keeping their sugarbaby India afloat?

 

[CrazyZ]

So you saying its yanks/Zionists are keeping their sugarbaby India afloat?

They gave them a huge life preserver. Imagine the situation without the American aid.

 

[IblinI]

LMAO. Weren't you the one who doubted Singapore's economic fundamentals because we shrank like 13% in Q2?

India’s forex reserves increase by $11.9 billion to hit $534.5 billion

Nothing is perfect; a AAA rating doesn't mean 0% risk. It just means it's the safest class of debt investment. And Singapore's financial position remains stronger than many other AAA countries as quoted in my post above. Read the article you had attached, "Fitch expects the central government...

defence.pk

Singapore shrinking 13% in one quarter: It's not rosy in SG, Singapore is too dependent on global demand unlike India, Singapore is not transparent and their numbers may be fake.

India shrinking 24% in one quarter: Even this 23% drop is better than I expected, fortunately India's economy is self-sustaining, our forex reserves are growing rapidly.

Because You are talking to one of the most delusional Indian here on PDF.

 

[Taimoor Khan]

They gave them a huge life preserver. Imagine the situation without the American aid.

Very interesting, I was very suspicious about this whole Indian armpit farts about their reserves, no wonder indian trolls are not telling the whole story.

As they say, there are no free lunches. Modi has sold India to yanks/Zionists very cheap. No wonder PLA is becoming active again on LAC.

 

[faithfulguy]

This is a perfect opportunity to create a new Supra Powa video. This would distract Modi’s failures from the average Kumar in the streets. As all these guys would focus on the video and escape from reality.

 

[Pakistan Space Agency]

How does this compare against other world economies?

It's a disaster.

 

[IblinI]

It's a disaster.

Still remember how they said all is well, forex go up blah blah.