India Risks Junk Status As Economy Faces 10% Contraction

[Flight of falcon]

Just a messenger . More and more economists are questioning the extent of shrinkage of Indian economy. most seem to agree that Modi’s mismanagement will successfully wipe off approx $270 billion of GDP ( if 2.7T number is even correct to start off with . )



4 views|Jun 4, 2020,06:00am EDT
India Risks Junk Status As Economy Faces 10% Contraction
William PesekContributor
Asia
I write about economics, markets and policymaking throughout Asia.

India’s Prime Minister Narendra Modi addresses the[+]
DREW ANGERER/GETTY IMAGES

https://www.google.ca/amp/s/www.for...k-status-as-economy-faces-10-contraction/amp/

 

[Flight of falcon]

Indian economy to contract 10% this fiscal: Subhash Chandra Garg
The former finance secretary said India's lockdown was faulty, saying the economy will shrink by 10%.
By PTI | Updated: Jun 03, 2020, 06.09 AM IST

Agencies
The former finance secretary went on to say that the 2020-21 fiscal will go down in the history of India as the year when India got way-laid from its story of three decadal outstanding growth.

https://www.google.ca/amp/s/m.econo...ash-chandra-garg/amp_articleshow/76163553.cms

 

[Foxtrot Delta]

The bigger they are the harder they fall. British saying.

 

[The Maverick]

The bigger they are the harder they fall. British saying.

There you go again

Firstly your quoting the GDP from 2018 ie $2.7 trillion
So your facts are wrong.

Second THE GDP may contract due to Covid but no more tha 95% of the worlds GDPS ie betweem 0-3% max
IF at all

Heres THE GDP

http://www.statisticstimes.com/economy/projected-world-gdp-ranking.php

https://www.investopedia.com/insights/worlds-top-economies/

There you go again

Firstly your quoting the GDP from 2018 ie $2.7 trillion
So your facts are wrong.

Second THE GDP may contract due to Covid but no more tha 95% of the worlds GDPS ie betweem 0-3% max
IF at all

Heres THE GDP

http://www.statisticstimes.com/economy/projected-world-gdp-ranking.php

https://www.investopedia.com/insights/worlds-top-economies/

AS THE 3 SOURCES TELL YOU INDIAN GDP IS $2.94 TRILLON before COVID 19

India became THE 5TH LARGEST GDP IN THE WORD

 

[PradoTLC]

Just a messenger . More and more economists are questioning the extent of shrinkage of Indian economy. most seem to agree that Modi’s mismanagement will successfully wipe off approx $270 billion of GDP ( if 2.7T number is even correct to start off with . )



4 views|Jun 4, 2020,06:00am EDT
India Risks Junk Status As Economy Faces 10% Contraction
William PesekContributor
Asia
I write about economics, markets and policymaking throughout Asia.

India’s Prime Minister Narendra Modi addresses the[+]
DREW ANGERER/GETTY IMAGES

https://www.google.ca/amp/s/www.for...k-status-as-economy-faces-10-contraction/amp/

all lies India is no 1.

 

[The Maverick]

My understanding

China will be massively as many nations stop buying chinease goods , stop chinease immigration tourism
global companies leave china
Their biggest trading partners will suffer Japan South Korea Ausrtralia

Usa and all of Europe will be hit hard the most deaths

LEAST EFFECTED

MID east nations
India = why its GDP comes from internal demand not EXPORTS ndi is always ledss effected by global recession

 

[Flight of falcon]

 

[mmr]

My understanding

China will be massively as many nations stop buying chinease goods , stop chinease immigration tourism
global companies leave china
Their biggest trading partners will suffer Japan South Korea Ausrtralia

Usa and all of Europe will be hit hard the most deaths

LEAST EFFECTED

MID east nations
India = why its GDP comes from internal demand not EXPORTS ndi is always ledss effected by global recession

In april usa trade deficit actually increased with china. No one is stop buying. Average ppl barely care as long as you provide quality products with lower cost.

https://www.forbes.com/sites/kenrob...e-with-canada-mexico-plummet-40/#37b826b141aa

https://www.steelorbis.com/steel-ne...t-expands-to-494-billion-in-april-1148898.htm


and not just usa trade with china is back to normal its the case with most country. As vietnam and china both sucessfully control covid and operating at 90 percent capacity.


And which global copmany left china? They are 15 trillion dollar economy with massive domestic consumer market which is growing 6 percent plus. No global company will walk away from such lucrative market.

 

[Gandhi G in da house]

OP starts with Indian economy and then end up at China after 2 posts. He is trolling his own thread. Amazing.