India's GDP worst among major economies; rise in suicides due to bankruptcy; Moody's downgrades 4 state-run lenders

[CrazyZ]

Biz EOD: India's GDP worst among major economies; rise in suicides due to bankruptcy; Moody's downgrades 4 state-run lenders



BusinessToday.In

10 hours ago

India's GDP worst among major economies; rise in suicides due to bankruptcy; Moody's downgrades 4 state-run lenders
Indian economy, which saw one of the most stringent lockdowns, has shrunk the most amongst major economies on not just quarterly basis but also annualised basis. Suicides due to bankruptcy or indebtedness rose sharply by 19 per cent in 2019. Moody's Investors Service has downgraded ratings of four state-run banks - Bank of Baroda, Bank of India, Canara Bank, and Union Bank of India - citing deteriorating quality of loans following the coronavirus pandemic.

Biz EOD: India's GDP worst among major economies; rise in suicides due to bankruptcy; Moody's downgrades 4 state-run lenders

 

[CrazyZ]

Just an excerpt but paints a horrid picture. Suicides jump due to bankruptcy and unemployment. Spike in deaths due to hunger and malnutrition. Plus record corona cases. I forecast millions will die in India as a result of current crisis. I estimate 2-5 million when all is said an done. That's more then Afghanistan war, Iraq war, and various recent ME conflicts combined.

 

[Imran Khan]

2000 kids daily die in india with hunger - aljazeera

 

[Super Falcon]

When you have racist politions danger for humanity this is a punishment from ALLAH S W T

 

[Goenitz]

 

[rishav]

Everything was shut in April and May , what did people expect .

 

[Imran Khan]

remembe cheap scoring of indians and modi ? he bring planes filled with corona positive immigrants and student from many countries and china specially . they were trolling pakistan that time that we left pakistanis to die . now indians are dying and paksitan is fine

 

[jamahir]

This is what I don't understand about capitalism. Why should some stupid numbers in some stock exchange cause suicide among humans ?

Viva Socialism !

 

[American Pakistani]

remembe cheap scoring of indians and modi ? he bring planes filled with corona positive immigrants and student from many countries and china specially . they were trolling pakistan that time that we left pakistanis to die . now indians are dying and paksitan is fine

Sirji, honestly I will be very cautious about Pakistan too. Figures shows that corona has slowdown in Pakistan, but flu season is right around the corner.

 

[jamahir]

Everything was shut in April and May , what did people expect .

Your response to post# 10 please.

And why did 300,000+ farmers in India commit suicide between 1995 and 2015 despite things being "not shut" ?

 

[+4vsgorillas-Apebane]

This is what I don't understand about capitalism. Why should some stupid numbers in some stock exchange cause suicide among humans ?

Viva Socialism !

Because they lost money on their stocks. People shift money around on a computer and don't actually provide a service or produce anything.

 

[jamahir]

Because they lost money on their stocks. People shift money around on a computer and don't actually provide a service or produce anything.

I believe Christianity speaks against stock markets yet Western Christian-led governments don't abolish it. They give excuses like investing in stock markets is not the same as gambling.

 

[bolo]

I don't think population dividend is paying off for India.

 

[PakSword]

Guys please discuss with decency. People are dying next door and the same could have happened to us.. It can still happen to us. Allah doesn't like arrogant people.

We shouldn't make any statement that resembles their attitude such as "Abb corona ki maut marega Pakistan". Just be humble becuase Corona treats good and bad people equally. I am sure there are still plenty of good people.

 

[faithfulguy]

I don't think population dividend is paying off for India.

pits slum population dividend. The slum lords are increasing their control.