So, India has brought another two wait-and-watch weeks to bear on the virus. By now, the economy watchers are a desperate lot — despondent to see decades of GDP & livelihood gains gone, and unnerved by the spectre of an endless lockdown eventually taking more lives than any virus will. Was Lockdown 4.0 overkill? Join the debate.
Nope. The reason for lockdown was to prepare for future, it cannot be indefinite
NOT REQUIRED. No scientific reason has been provided for the lockdown extension. In fact the govt shld be stressing more on social distancing, testing, tracing and isolating more than ever. It is evident from the growing number of cases that in a demography like India, Lockdown cannot halt the spread of infection. It can slow and it has slowed the rate of infection but we will only see more and more cases in the coming month, lockdown or not. What is important is that mortality is very low due to Covid in India and thag trend shld continue. Lockdown 4.0 is basically continuation of the ego fest by the incumbent govt.
It doesn't even feel like a lockdown except for the cross border travel it seems almost everything will reopen at 50 to 70% capacity..govt should focus on stimulating the demand because allowing 100% businesses to reopen will not work if people are too scared to spend or won't have enough money to buy things .... This stimulus package should have also focused on increasing the demand ..it's like ur telling the businesses take loan give salaries to ur employees but don't shut down keep your operations going ..however in short term it's sustainable but in long term no businesses sme msme whatever can't thrive if there are no takers for its products and services .. what's the point of giving interst free loan to pvr for 6 months to run their operations and keeping the theaters shut forever ...
sape chhchhunder galu che.(snake has swallowed musk-rat.)Lock downs have been bad and costly decisions.we should learn the methods implemented by south Korea to deal with Covid-19.Discard socialism.Be trancepernt.There are more than 137 crore Indians.Why very few Indians gets money in their bank accounts without doing any work?This is money hard earned by rest of India.Let Lord Shiva save India.
Dear, GOLDMAN SACHS, you don't know Mr.Modi !! He can turn human fecal matter into Gold. Godi Bhakt/Godi Propogandanist Akshay Kumar told it in one of the Swach Bharat advt. We are on the verge of becoming "VISHWA GURU", mind it GOLDMAN SACHS.
The chinese import grow from 6 billion US dollars to 60 billion US dollars from 2004 to 2014 ....the golden period of scams in india ....govt was busy showing GDP growth on paper but joblessness was what that seen in streets .............knowing that these huge import is hurting indian economy seldom reflect in an action from our politicians CASTING SERIOUS DOUBT ON THEIR CHARACTERS ?
I think bangladesh should NRC and throw out all illegal Indian.Ha Ha Ha
Modi Modi Modi.Abki baar Modi sarkar.Ha Ha Ha
Ban imports from china and we have thousands of small companies thriving
We made ourselves dependant on it... either raw materials or someway... so immediate banning won't work. Until people at the helm will become a patriot and work honestly for the country. Till then it goes on...
India only talk and poor execution. Need execution by all not only govt. It is job of each individual.
Fake degree PM has the highest credibility. Thaali maaro 5pm.
if your money is Hard earned stay away from casino market.
if u love ur underr wear, and have hard earned money stay away from Stock market
All analysts base their projection and prediction on models which were there in other countries, do they base their current projections on base data of Indian economic history? Let them bring details of their statistics based on our Country data and then discuss.Our Country has a different basics on Economic demand and supply system. We are linked majority with Monsoon and even if all other things are right with Monsoon if not is having a better average of over 90% then the entire game changes.If monsoon is good then the Economy recovers faster than all other projections. So let these people work with our rural and urban economic history and cycles to give any analysis.They may be good on macro data which goes by Western projections but the micro is based on our Country's demand and supply.
Goldman Sachs does not know the Modi factor.He will make India productive and take advantage of China's loss of credibility
sir, with all due respect how long are you going to keep this slogan?
Jab thak people believe words than actions
He is fraud gujju.Leave him.He must have taken a huge loan and is planning to run away to Uk
? abt u piddi! madam shiit liker..70yrs of koruption, Kota, appeasement of piigs..lolgo create peace-fool
These predictions are for foreign investors to grab Indian equity at throw away price. No one trust them.
THIS IS REALLY GOOD NEWS FOR THE ENVIRONMENT..........................IF THERE IS NO GROWTH OF CRIMINALS THE SO CALLED ECONOMY THEN ENVIRONMENT WILL BE GOOD INT HE CITIES..............REAL ESTATE GONE AND URBAN AREAS ALSO TURN TO AGRICULTURE AND SELF SUSTENANCE IN FOOD FOR THE COUNTRY.....................AND RURAL POPULATION WILL GET LOT OF WORK IN AGRICULTURE.................ILLEGAL IMMIGRANTS WILL VANISH OUT OF THE COUNTRY.....................................MODI COULD NOT PUNISH THE HARD CORE CRIMINALS WHO LOOTED THE COUNTRY FOR 70 YEARS ............................NOW OGD HAS TAKEN OVER AND COVID IS HERE TO SET RIGHT THE THINGS...................EVERY ONE NEEDS FOOD NOT CARS AND LUXURY GOODS ........................................................................................REALLY VERY GOOD NEWS.....................GREEDY CRIMINALS ARE CRYING IN THE RAIN TO COVER THEIR CRYING FACES......................................IT WILL CONTINUE FOR THE NEXT TWO YEARS......................
it's global issue...problem everywhere...atleast in India we are getting food for lesser price when compared to other countries...all these rating agencies survive by giving these kind of news...that's their job....
Then why is Vietnam growing at 5% this year. They have resolved their pandemic and opened their country. Did they do namaste trump nautanki durng pandemic and Thaali bhaajo and build billion dollar statues
good question?? they dont ve kota & piig pop
Ugliest recession is due to self-inflicted injury called lockdown. Covid will be around for years. Accept and restart.
Financial experts do not have a plan to come out of the prevailing situation. So they write up estimates of how much the economy will be affected. Everyday we read doom and gloom stories from this story writers. how does this help? how is this constructive?
You could have as well started with how well your country's (USA) economy is (well/ill) placed these days. Some of these rating agencies seem to know the future even better than God.
Served The Citizens right for voting this govt in power, that also twice.
u meean d italian mafia & their cohots..piigs as well..
At least they showed jobs and growth... and handled the 2008 recession better. what about current govt.
how ignorant ur...it was bubble..all these Diwan, yes, Nirav all r khangress stooges...stashing hawala..well thats beyond ur jallikattu comprehension
WITH EUROPEAN AND OTHER AREAS EFFECTED MOST AND INDIAN ECONOMY IS LIMPING BACK TO NORMAL, WE WILL HAVE 2ND QUARTER AS THE BEST QUARTER OF THE YEAR.
Mr. Modi ,we are angry very very Angry
With millions of workers back to their villages, it looks like the perfect strike, all over the country, they should demand payments of arrears and higher wages to come back.
Yes...Corona is also very angry with the world!
So if u all are angry , what do you want modi to drop . Should he stop buying MLA , mp , stop his campampaing for elections , stop the hate Muslims agenda . Just keep your mouth shut , and stay at home or else govt will charge sedition act against you
it is inexperienced Govt. like a new doctor who gains experiences,by killing patients. Till they get expertise, Indian poor downtrodden has to suffer and richer ones enjoy because they contribute to the Election of parties,what general poor people can do because they live hand to mouth.ROTI KAPDA AUR MAKAN WAS THE BEST SOLOGAN .MISSION MODI POPULATION CONTROL FOR MUSLIMS, MISSION COVID 19 ,POPULATION CONTROL WITHOUT COLOR,CREED AND RELIGION,AND IF ANYTHING REMAINS ,WAR FOR KASHMIR WILL SOLVE THAT ,VOTE FOR MODI,SAY ALL INDIAN JAY MODI JI.
true..d likes of u r experienced in reproducing 5x25children, demand for shariay, protest against UCC, CAA...Thx for ur g8 contribution for nation..haha
It’s not a question of the percentage in the reports but the analysis. Frankly the ₹20 lakh crore package offered by PM and FM is nothing short of a joke. The total cash outflow to Centre is less than ₹50,000 crores. It’s time Govt comes out clean with the people and discuss the issues openly and take advice from the experts rather than trying to still believe they know everything. I am not a Cong supporter by any stretch of imagination but perhaps including PC, Pranabda, Raghuram Rajan etc in the consultative panel will allow better sense to prevail
Just like this news, also give the figures for developing countries or all the countries in the world so that the readers & propagandists will have clear sense of the subject.
Why are you caring so much about the rest of the world, with such overwhelming problems in India?
Bloomberg searches for the most pessimist comment on India to publish it, later dynasty loyalist & freebie, appeasement lover's start their day by blaming Govt.. They don't realize SURVIVING in Covid 19 infection unlike many advanced Countries
This prediction aligns with anticipated recession across globe post pandemic recovery or during the pandemic. This is a global phenomenon. Recovery of global economy will be delayed by at least two to three years depending on several factors, like Governments across the board take a conciliatory approach towards each other for next three years, Business as Usual for all industries including service sectors, injecting several revival fiscal package, offering enormous tax rebates and deferrals, I mean it is like world economy in critical ICU so enough and more life support is required. But stay positive, confident and we all will surmount this. But there are several lessons to be learnt here and now.
All these that the FM is apeaking will not help in improving the economic situation. Give more money in the hands of people, let them spend and the Companies produce more.
Time for bhakts to wake up and see the truth. How they have been taken for a ride for 7 years by Jhumla Shah and the Feku - the chowkidaaar who let all the chor Modi Nirav, choksi, ADAG, Mallya, VideoCON escape free. Sold Rafale contract to bankrupt ADAG Ambani. 7 years of Monkey bath and nothing else
These all surfaced which was kept under wraps during MMS mum days. PNB and ICICI Bank did not lend in 2014 and afterwards. So don't run amok with your anti BJP tirade. These were handwork of PC, Karthi Chiddu and several Congress Cronies.....Proud to be a Sangi and Modi Bhakt
Be happy"Junk news are as harmful as junk food"....And u r having both...
Dont mind goldman. Recently Their shares were dumped by warren buffett. They are trying to create a panic situation in Indian stock market and fish some stocks at low prices.
everybody is always wrong,only modi is right.He learned economics and finance while selling chai and nation to his rich friends
What about his Ministers! trying to fool the people of the country.
When migrants were walking 1000 km in heat with children and women,our hindu deshbhakt PM,HM and UP CM yogi were laughing and dancing in their air conditioned cabins.Modi was planning to sell nation to rich because he always hated poor indians and never counted them as indians.The guy is typical freeloader who survived in company of rich.
bijli giraney main hoon aayi.. kehte hain mujh ko hawa hawai..ð
India can come out with a bang if our govt become proactive...........start with kicking out sitaraman and then the chinese to revive economy
Don't believe these predictions. They are never being perfect. Anyhow, India is not going to be alone to face recession.. one among many. Let us wait and see what happens. Government has put lot of stimulus measures. They have perfectly done not to give money to any individual. Otherwise all this money would have lost next day. Let us wait and see how this stimulus convert into job creation and demand creation..
Money lost next day? So you also want to control where people spend with that silly comment? You clearly lack any basic understanding of economics. When more money is put in the hands of people it creates demand through extra disposable income. Currently real problem is the demand because people are losing jobs, businesses are being shut and other who are lucky to have a job are going through salary cuts. There is no disposable income or any income for that matter but bills are ringing and have to be paid while govt forces shutdown for over 2 months. Govt has only provided more supply ignorantly when real need is the demand and that can only happen when more money is in the hands of the people and businesses. This is common sense. Businesses arent keen on taking on more loans just to payoff existing loans.
People are selling their phones, their motorcycles to survive, seller and buyers are not going to buy any new items for sometime.
As long as you are FM sitharaman noting is gonna work.... your stimulus package is only for political stunts... in the real ground scenario things are different... better quit and recommend Subramania swamy to be FM...
Please note that this is just an estimate and not the reality. These types of estimates changes from time to time.
What rosy reality do you see in the economy right now?
Can this newspaper give the historical statistical predictions of Goldman and its effectiveness alongside such new predictions?
Shooting the messenger....
Every govt comes and sells some PSU's to make some money and feed the so called poor people.the biggest problem for India is population unless we control it we are going to slide towards the poorest countries rather than on the developed nations
At such time Govt, instead of putting their businesses on sale to private buyers, should have used most of this money to put into infrastructure development and revive other Govt controlled businesses and create new jobs. At least demand would have been created this way even for private businesses to supply while retaining most of the current workforce. Instead they are offering businesses more loans where there is no demand.
Make no mistake about it. This is not Covid. This is inept economic management. In normal times economy run on its own steam and incompetent management (unless it destroys with likes of demo) makes little harm. In normal course you need at the most family doctor. But for disease requiring major surgery can't be treated by compounder masquarading as specialist surgeon. Today we need competent economic management to take out this crisis.
Modi by birth is an economist. He can handle well than anyone.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service