India’s economy in shambles, headed for a double-digit decline

[Beidou2020]

India and China are on two sides of this chart

India is a disaster. What a mess.

 

[GHALIB]

i think you had a really high ph ratio of cow dung in dinner. you should drink some cow-ka-cowla to balance your brain acids.

use burnol where it is burning most.

 

[beijingwalker]

He is of anti-modi brigade. Had been since the beginning. No one takes him seriously except NDTV and their cohorts.

But common sense may ask, how can you have sustainable growth without manufacturing and comprehensive industries? and without them how can you provide enough jobs for the general population?

 

[Ghost Hobbit]

But common sense may ask, how can you have sustainable growth without manufacturing and comprehensive industries? and without them how can you provide enough jobs for the general population?

yeah, pathetic country that got the whole world into a yearlong lockdown wants to talk about 'sustainable growth' and manufacturing. You wanna know ow we will retain sustainable manufaction? BY NOT PLUNGING THE WORLD INTO A PANDEMIC. BY NOT LYING. BY NOT STEALING INTELLECTUAL PROPERTY.

 

[Protest_again]

But common sense may ask, how can you have sustainable growth without manufacturing and comprehensive industries? and without them how can you provide enough jobs for the general population?

Look, of course. India was more based on consumption and services export till now. Going forward India wants to be manufacturing power house too. India is shackled by multiparty politics. Each one of them have divergent views about how to develop the country.

Modi government is also stifled by the partisan media. We do not have neutral media in this country. And Pro and anti government support runs in different circles. They do not engage with each other.

For example, look at any youtube video with a headline criticising Modi and then look at comments, you see that everyone of them will be abusing him too. But the reverse is also true with a video praising Modi, every single comment will be of praise.

Modi govt is trying unlock the manufacturing capacity of this country. By the way of farm bill, it is deregulating farm produce, sale and marketing mechanism. This will result in increased investment in food processing industry. It is important because food processing is a high employment creating (43 jobs per rs 100000) investment.

India recently launched PLI (production linked incentive scheme) for mobile manufacturing, about 22 companies applied for the scheme with expected export potential of over $100 billion in 5 years.

India is also launching $23 billion PLI scheme for manufacturing in 12 sectors.

India manufacturing is stifled by the outdated labor laws. For example, labor is allowed to form an union here, these unions become political and stifle the management. And if the management wants to downsize the employment by even a 100, they need to get permission from government. How absurd is that?

Present monsoon session has few bills that would ease these restrictions. In the next session (may be dec), India is going to bring a comprehensive labour law. Things are are being done. It'll change the course of India.

 

[beijingwalker]

yeah, pathetic country that got the whole world into a yearlong lockdown wants to talk about 'sustainable growth' and manufacturing. You wanna know ow we will retain sustainable manufaction? BY NOT PLUNGING THE WORLD INTO A PANDEMIC. BY NOT LYING. BY NOT STEALING INTELLECTUAL PROPERTY.

Lol, the virus originated from US. and enjoy your "double digits" positive growth in your dreams.

 

[beijingwalker]

Look, of course. India was more based on consumption and services export till now. Going forward India wants to be manufacturing power house too. India is shackled by multiparty politics. Each one of them have divergent views about how to develop the country.

Modi government is also stifled by the partisan media. We do not have neutral media in this country. And Pro and anti government support runs in different circles. They do not engage with each other.

For example, look at any youtube video with a headline criticising Modi and then look at comments, you see that everyone of them will be abusing him too. But the reverse is also true with a video praising Modi, every single comment will be of praise.

Modi govt is trying unlock the manufacturing capacity of this country. By the way of farm bill, it is deregulating farm produce, sale and marketing mechanism. This will result in increased investment in food processing industry. It is important because food processing is a high employment creating (43 jobs per rs 100000) investment.

India recently launched PLI (production linked incentive scheme) for mobile manufacturing, about 22 companies applied for the scheme with expected export potential of over $100 billion in 5 years.

India is also launching $23 billion PLI scheme for manufacturing in 12 sectors.

India manufacturing is stifled by the outdated labor laws. For example, labor is allowed to form an union here, these unions become political and stifle the management. And if the management wants to downsize the employment by even a 100, they need to get permission from government. How absurd is that?

Present monsoon session has few bills that would ease these restrictions. In the next session (may be dec), India is going to bring a comprehensive labour law. Things are are being done. It'll change the course of India.

Come back and tell me when India really becomes a manufacturing powerhouse, your projections don't work well outside India.

 

[Ghost Hobbit]

Lol, the virus originated from US. and enjoy your "double digits" positive growth in your dreams.

trump just called you a liar because it's true.

 

[ziaulislam]

GDP is just a figure to measure monetary transactions that happen in the economy in a year. Given the pandemic, a forced lockdown was implemented for 3 months this year. It will have an impact on GDP given there couldn't be any transactions during this period.

If this year we are registering negative growth. Then the following year you'll see an tremendous growth to the tune of 15-20% in those 3 months, given the low base we are establishing this year. In 3 years, course correction would have happened and India would be back on track.

Nominal growth this year would still be in the positive in my opinion. As Indian rupee appreciated about 6% and inflation is around 6% too. This will offset majority of degrowth this year. Next year nominal growth will be above 20%.

India was going into recession anyway before covid..
Covid just knocked it out quickly
I dont believe in nominal gdp it is not real gdp

Inflation will just hurt poor more and futher decrease spending making recovery impossible

Only massive govt stimulus coupled with rebound in agriculture can save india

But indian central govt seems to have no apetite for loans aa gdp to debt is already near 100%

 

[Protest_again]

India was going into recession anyway before covid..
Covid just knocked it out quickly
I dont believe in nominal gdp it is not real gdp

Inflation will just hurt poor more and futher decrease spending making recovery impossible

Only massive govt stimulus coupled with rebound in agriculture can save india

But indian central govt seems to have no apetite for loans aa gdp to debt is already near 100%

India was going into recession before Covid? How? 5% a year a growth is recession in your world?

In which world is debt to GDP of India is over 100%? Inflation is only 6%. That's not comparable to above 11% Pakistan experienced only recently.

 

[Protest_again]

Come back and tell me when India really becomes a manufacturing powerhouse, your projections don't work well outside India.

But you have readily opened a thread that projected the opposite. So please keep your hypocrisy to yourself.

 

[beijingwalker]

But you have readily opened a thread that projected the opposite. So please keep your hypocrisy to yourself.

It's economic experts prediction with solid argument, not written by me.

 

[GHALIB]

Lol, the virus originated from US. and enjoy your "double digits" positive growth in your dreams.

go enjoy your bat soup and let the whole world suffer from wuhan virus , uighars and tibetans are already suffering in your concentration camps , day is not far when we will free our uighars and tibetans .

 

[Ghost Hobbit]

Come back and tell me when India really becomes a manufacturing powerhouse, your projections don't work well outside India.

India hasn't destroyed half the world economy like you have. Lying about it a 100 times won't change anything.

 

[ziaulislam]

India was going into recession before Covid? How? 5% a year a growth is recession in your world?

In which world is debt to GDP of India is over 100%? Inflation is only 6%. That's not comparable to above 11% Pakistan experienced only recently.

Check the latest figures based projection based till end of year. Back before covid massive destruction it was projected to hit 87%

Pakistan inflation is hig because we devalued its only natural that inflation will go up. It helps regain the lost nominal gdp