Surprised, shocked, worried: Experts react as India's GDP growth tumbles to 5%

[Dash]

1. Banks are not issuing new loans as easily as earlier... Neither they are restructuring the old loans... I was not able to EXPAND my operations due to lack of funds...

2. GST AND ITS CONSTANTLY CHANGING RULES AND FORMS... pain in a$$...
Just imagine... your prime focus is... a. inserting HSN codes is all OLD bills... b. calling those vendors who have not uploaded details on portal... c. Spending good amount of time with your CA to understand NEW CHANGES... every month...
SALES... will focus on it once GSTR 9 is submitted accurately...

3. Government is holding the payments... post elections things have changed drastically... now, they are not releasing funds... babus are crying about lack of funds... and it is followed by 1 and 2... private parties are same as earlier...

ALSO, don't forget... receiving notices for mismatch of INR 100... GST... ahhh



Some of the economic experts on this forum don't know the difference between loan and investments... so we can avoid them...

The real issue for this decline is...
1. NPAa and bad loans... UPA was ready to bring Indian economy back to pre 91 era...
2. Global slowdown and US-China Trade war...

and if my friend from IRS is right... demonetization was done to provide liquidity to the banks... once NPA, frauds and bad loan picture was presented to the NDA government... NOTING ELSE...

I wont read too much into demo as a tactical blunder. It had its spare of good and some bad. But that's over. I am pretty sure it will bounce back.

 

[El Sidd]

By 2020 it is expected to stabilize At 2.5 percent

 

[AndrewJin]

Congrats

 

[Kai Liu]

Since india is just a few month away from becoming a superpower and developed country... 5% growth is phenomenal....
https://en.wikipedia.org/wiki/India_2020

 

[prashantazazel]

a bad example.
do you think, in 2008, our economy was as integrated/dependent to the world economy as it is today.

2008 was a bigger crisis.

My point is, recessions do come once in a while. That's natural.

1. Banks are not issuing new loans as easily as earlier... Neither they are restructuring the old loans... I was not able to EXPAND my operations due to lack of funds...

2. GST AND ITS CONSTANTLY CHANGING RULES AND FORMS... pain in a$$...
Just imagine... your prime focus is... a. inserting HSN codes is all OLD bills... b. calling those vendors who have not uploaded details on portal... c. Spending good amount of time with your CA to understand NEW CHANGES... every month...
SALES... will focus on it once GSTR 9 is submitted accurately...

3. Government is holding the payments... post elections things have changed drastically... now, they are not releasing funds... babus are crying about lack of funds... and it is followed by 1 and 2... private parties are same as earlier...

ALSO, don't forget... receiving notices for mismatch of INR 100... GST... ahhh



Some of the economic experts on this forum don't know the difference between loan and investments... so we can avoid them...

The real issue for this decline is...
1. NPAa and bad loans... UPA was ready to bring Indian economy back to pre 91 era...
2. Global slowdown and US-China Trade war...

and if my friend from IRS is right... demonetization was done to provide liquidity to the banks... once NPA, frauds and bad loan picture was presented to the NDA government... NOTING ELSE...

There is a funding crunch. Without a doubt.

We have also seen a recapitalisation of the banks.

Most banks are actually reducing their NPAs as we go ahead. NBFCs will take a while to bounce back, though.

 

[d00od00o]

Modi needs to act fast or the economy will suffer the same fate as Chandrayaan-2. Hard landing is now very difficult to avoid.