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

[beijingwalker]

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

Why China didn't get hit so hard but India does?

 

[Beefeatergin]

Why China didn't get hit so hard but India does?

They’re too busy humping cows. And due to their number one export being pedophiles their economy is crashing due to flight restrictions

 

[CIA Mole]

Hope India stays under $3k gdp per capita till 2030 atleast. Maybe even 2040

 

[Ghost Hobbit]

Why China didn't get hit so hard but India does?

'China didn't get hit hard' is the biggest lie in this all. As if people who lied about the origin of the virus can't lie about their economy. You have lost at least 3 months of economic activity in major cities, including production. Only in miraculous lying chinese ccp does this result in 'growth'.

 

[beijingwalker]

'China didn't get hit hard' is the biggest lie in this all. As if people who lied about the origin of the virus can't lie about their economy. You have lost at least 3 months of economic activity in major cities, including production. Only in miraculous lying chinese ccp does this result in 'growth'.

LOL, whatever floats your boat sir, you can even kill 56 of our deceased generals, what else Indians can't do and say.

 

[Ghost Hobbit]

LOL, whatever floats your boat sir, you can even kill 56 of our deceased generals, what else Indians can't do and say.

Your government is a liar and so are people like you who propogate it. The US may have been a pain to some but by god they didn't do anything anwhere close to the bull$hit you jokers have done. Let loose a virus, incompetnetly managed it and ZERO contribution to contain it. If anything, it just shows that the US was aleays right- you're a problem. And you will continue to be a problem until the CCP is booted out. 14 million jobs in India has been lost because of your incompetence. God knows hoa many more around the world.

 

[Baibars_1260]

INDIA BORROWS FROM CHINESE BANK

India is top China-led bank borrower with over $4.5 billion in loans

Since its launch, India has emerged as the overall top borrower — $4.5 billion — from the Beijing-based bank, and also the top beneficiary of Covid-19-related relief fund. As the largest borrower, India has almost 25 percent of all approved AIIB loans channelled to it.

www.google.com

 

[Protest_again]

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

It is expected to cross 87%. For now all we can go by is existing figures of 72%. Also India's tax to GDP ratio of around 20% (including central and the states taxes) covers for any such increase in public debt. That is the most relevant fact.

Given Pakistan's tax to GDP is only 10% and its overall debt has just crossed 100%, I would worry more about Pakistan than India.

Like I said, India shut down its economy for 3 months, because of pandemic. Because of which our economic transactions of this year (GDP) would fall. But next year, people won't be sitting at home in those lost 3 months. Those months will experience exorbitant growth of about 25%. And including the expected growth of 8% in other months, India would experience an overall real growth of over 12-13% next year. And nominal growth would be around 22%. So the lost GDP of this year, will be recovered in the next year or two.

 

[Baibars_1260]

Your government is a liar and so are people like you who propogate it. The US may have been a pain to some but by god they didn't do anything anwhere close to the bull$hit you jokers have done. Let loose a virus, incompetnetly managed it and ZERO contribution to contain it. If anything, it just shows that the US was aleays right- you're a problem. And you will continue to be a problem until the CCP is booted out. 14 million jobs in India has been lost because of your incompetence. God knows hoa many more around the world.

US deaths just crossed 200 K
HOW CHINA CRUSHED THE VIRUS

 

[Ghost Hobbit]

INDIA BORROWS FROM CHINESE BANK

India is top China-led bank borrower with over $4.5 billion in loans

Since its launch, India has emerged as the overall top borrower — $4.5 billion — from the Beijing-based bank, and also the top beneficiary of Covid-19-related relief fund. As the largest borrower, India has almost 25 percent of all approved AIIB loans channelled to it.

www.google.com

India has given 8 Billion to the AIIB setup fund so it's our money we're taking out.

India may not alter rules of engagement with AIIB

The country is the second-largest shareholder in the China-led multilateral institution.India owns 83,673 shares with capital subscription of $8.4 bn in AIIB, and China owns 297,804 shares

www.livemint.com

 

[Ghost Hobbit]

US deaths just crossed 200 K
HOW CHINA CRUSHED THE VIRUS

China let loose the virus. Who cares whether they 'crushed' it or not.

 

[Baibars_1260]

It is expected to cross 87%. For now all we can go by is existing figures of 72%. Also India's tax to GDP ratio of around 20% (including central and the states taxes) covers for any such increase in public debt. That is the most relevant fact.

Given Pakistan's tax to GDP is only 10% and its overall debt has just crossed 100%, I would worry more about Pakistan than India.

Like I said, India shut down its economy for 3 months, because of pandemic. Because of which our economic transactions of this year (GDP) would fall. But next year, people won't be sitting at home in those lost 3 months. Those months will experience exorbitant growth of about 25%. And including the expected growth of 8% in other months, India would experience an overall real growth of over 12-13% next year. And nominal growth would be around 22%. So the lost GDP of this year, will be recovered in the next year or two.

THE ECONOMY WAS LANGUISHING BEFORE THE LOCK DOWNS.

 

[Baibars_1260]

India has given 8 Billion to the AIIB setup fund so it's our money we're taking out.

India may not alter rules of engagement with AIIB

The country is the second-largest shareholder in the China-led multilateral institution.India owns 83,673 shares with capital subscription of $8.4 bn in AIIB, and China owns 297,804 shares

www.livemint.com

Why don't you keep your money in Indian banks? Oh wait... they are falling apart.

Redirect Notice

Fiscal deficit widens to 4.6% of GDP in 2019-20

As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.

www.google.com

 

[ziaulislam]

It is expected to cross 87%. For now all we can go by is existing figures of 72%. Also India's tax to GDP ratio of around 20% (including central and the states taxes) covers for any such increase in public debt. That is the most relevant fact.

Given Pakistan's tax to GDP is only 10% and its overall debt has just crossed 100%, I would worry more about Pakistan than India.

Like I said, India shut down its economy for 3 months, because of pandemic. Because of which our economic transactions of this year (GDP) would fall. But next year, people won't be sitting at home in those lost 3 months. Those months will experience exorbitant growth of about 25%. And including the expected growth of 8% in other months, India would experience an overall real growth of over 12-13% next year. And nominal growth would be around 22%. So the lost GDP of this year, will be recovered in the next year or two.

Lets not bring pakistan here. Dont go by pakistani tabloids

But our debt will peak a 87% this year(never crossed 100%???) and drop afterwards as we are returning to growth(2% projected).

Pakistan reason for debt up swing was devaluation not borrowing ..when you devalue your Nominal gdp shrinks(NOT REAL GDP) & debts goes up TEMPORARLY. pakistan debt is projected to return to 70% in 2022-23 as it was in 2017.

our issue is structural with lack of building reserves this seems to be a political thing hopefully wont happen again

1. Gdp debt was suppose to hit 87 pre covid
It will not hit almost 100% with worsening figures coming in and growth prospects being low
2. Growth WILL NOT RETURN this is consensus amongst all economist. Just need to read and use google..infact the third quarter demand fizzling out will cause fourth quater being negative too, as growth was dropping before covifd for 8 straight quarters

3. If india goes for a stimulus it will push debt even further but may rewake the economy

 

[Baibars_1260]

NATIONAL UNEMPLOYMENT DAY.
What's the total number of unemployed?

PM Modi's 70th birthday: Congress observes it as National Unemployment Day

Even as the BJP and many others in the country are celebrating the 70th birthday of Prime Minister Narendra Modi with full rigour, opposition Congress party has decided to celebrate the day as National Unemployment Day to highlight the jobs lost since the COVID-19 struck the country earlier this...

m.economictimes.com