Discussion Indian Economy Discussions

[iDJ]

In its latest Asian Development Outlook 2019 Report, data from the Asian Development Bank highlight how the GDP growth rate outlook for Bangladesh has bypassed that for India.

Bangladesh has surpassed India as the fastest-growing South Asian economy : Report

 

[thisisjagan]

Credit goes to our govt only.

 

[Bapun]

What is India’s lost economic activity due to the ongoing slowdown? It is difficult to determine, but according to one estimate, it could be as much as Rs 2.8 lakh crore.

India may have lost Rs 2.8 lakh crore due to economic slowdown

 

[Sumanth]

I don't have knowledge of economics but from what I can see on ground reality is -
1. Currently, everything is in excess that people buy (apart from food).
2. I get the feeling people already have everything they need and theres not much they need to buy
3. Combining 1 and 2 and you can imagine the scene

Basically, in my opinion, - too much supply and very less demand.

The other factor i've noticed in the last one year or so - online companies, phones and digitization have changed every sphere of life in India

 

[Bapun]

India Has Worst Economy In 42 Years. Is Prime Minister Modi Watching?

 

[Rajat Basak]

India is now the world’s 5th largest economy, according to IMF
With a GDP of USD 2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot...

"The country’s GDP growth has been among the highest in the world in the past decade – regularly achieving annual growth of between 6-7%.

Also poverty reduction rates are among the highest in the world, with more than 160 million fewer people living in extreme poverty in 2000 compared to 2015."

https://www.imf.org/external/datamapper/NGDPD@WEO/OEMDC/ADVEC/WEOWORLD

 

[Bapun]

https://twitter.com/x/status/1308296562863472642

Source

 

[Bapun]

Bangladesh is set to beat India in terms of per capita gross domestic product (GDP) this calendar year, thanks to a sharp contraction in the Indian economy due to Covid-19 and the economic lockdown.

India set to slip below Bangladesh in 2020 per capita GDP, says IMF

 

[iDJ]

EMI crisis creeping up on borrowers

Modi! Modi! Modi!

 

[iDJ]

Indian rupee is performing worser than Pakistan and Sri Lanka's rupees.

Indian Rupee is the worst performer among Asian currencies in 2020