97 thoughts on “What slowed down India’s economy and how is the government trying to revive it?”
Khushboo Bahrunani
If at all the impact of coronavirus widens, it will have implications for all countries. If China slows further due to epidemic, demand will significantly fall duwn and have adverse impact on Indian economy.
Even Japan and South Korea are not allowing trade between each other. This has led to many companies halting production and it has a direct impact on India since many of these companies produce here.
India should give a clear picture of the economy and fiscal deficit. Independent agencies must be allowed to work freely and stats on important matters like unemployment and GDP should be made public.
Some critics say that people are losing their jobs since BJP has come into power. They do so without citing any reliable data or report. Left-leaning news channels are propagating this myth.
The finance minister will present the Union Budget and it can lift the mood of the market. Economy is much dependent on sentiments and if budget can revive this, economy can speed up.
Foreign exchange reserves are high and this means we are not facing any export import imbalance problem. Still, government should try to boost exports by asking foreign governments to lower tariffs.
It is true that farm loan waiver impacts the fiscal math of country. But can farmers be overlooked? They are als a part of the progress and should have some fruits of development.
The issue of joblessness is because there isnt demand in the market. Now when producers are producing less, there cant be more jobs. Hence government needs to address the demand side.
Germany is facing an economic downturn, China factory output has come down to record levels and even the US is now facing issues. India is not alone and once the market picks up, India will benefit.
The slowdown that has gripped India cannot be attributed to which party is ruling the country. It has more to do with what is happening in the international scene and how many countries are facing low growth.
I have always question that currency float is around 16 to 18 lac cr. with this kind of cash capital total lending of banks are more than 120 lac cr.
how is this possible?
is it not merely an entry which are round tripped every time?
now these 120 crores receivables by all lenders together are stucked to reverse back and that’s liquidity crunch?
In booming world economy, rotations was never problem. Also the parallel economy was supporting these hollow economy to rotate and keep things moving
is my understanding is correct?
please enlighten on this version.
also note my understanding on Tax collection :
With DeMo, all currency has been in recovered in chest. so how to see the lacs of crores of rupees income tax demand pending at CIT and ITAT level.
would it be considered genuine or merely a governmental extortion ? as all currency has came to chest. so from where these tax demand will come and where does these demand stands?
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A fascinating discussion is worth comment. I do believe that you need to publish more about this subject, it may not be a taboo subject but typically folks do not discuss these subjects. To the next. Many thanks..
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If at all the impact of coronavirus widens, it will have implications for all countries. If China slows further due to epidemic, demand will significantly fall duwn and have adverse impact on Indian economy.
Even Japan and South Korea are not allowing trade between each other. This has led to many companies halting production and it has a direct impact on India since many of these companies produce here.
India should give a clear picture of the economy and fiscal deficit. Independent agencies must be allowed to work freely and stats on important matters like unemployment and GDP should be made public.
Some critics say that people are losing their jobs since BJP has come into power. They do so without citing any reliable data or report. Left-leaning news channels are propagating this myth.
The finance minister will present the Union Budget and it can lift the mood of the market. Economy is much dependent on sentiments and if budget can revive this, economy can speed up.
Foreign exchange reserves are high and this means we are not facing any export import imbalance problem. Still, government should try to boost exports by asking foreign governments to lower tariffs.
It is true that farm loan waiver impacts the fiscal math of country. But can farmers be overlooked? They are als a part of the progress and should have some fruits of development.
The issue of joblessness is because there isnt demand in the market. Now when producers are producing less, there cant be more jobs. Hence government needs to address the demand side.
Germany is facing an economic downturn, China factory output has come down to record levels and even the US is now facing issues. India is not alone and once the market picks up, India will benefit.
The slowdown that has gripped India cannot be attributed to which party is ruling the country. It has more to do with what is happening in the international scene and how many countries are facing low growth.
Dear
I have always question that currency float is around 16 to 18 lac cr. with this kind of cash capital total lending of banks are more than 120 lac cr.
how is this possible?
is it not merely an entry which are round tripped every time?
now these 120 crores receivables by all lenders together are stucked to reverse back and that’s liquidity crunch?
In booming world economy, rotations was never problem. Also the parallel economy was supporting these hollow economy to rotate and keep things moving
is my understanding is correct?
please enlighten on this version.
also note my understanding on Tax collection :
With DeMo, all currency has been in recovered in chest. so how to see the lacs of crores of rupees income tax demand pending at CIT and ITAT level.
would it be considered genuine or merely a governmental extortion ? as all currency has came to chest. so from where these tax demand will come and where does these demand stands?
Please enlighten me on this.
Thx
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