Economic Slowdown that India is facing

People must realize that problem is very bad. During the last quarter growth of our economy is even below Pakistan. How many know it?

MG Singh wrote:

People must realize that problem is very bad. During the last quarter growth of our economy is even below Pakistan. How many know it?

MG how do we account for it ? Is it because of the global slow down? Demonetization or flawed economic policies as the opposition led by Manmohan Singh is saying? Or Could it be a combination of all these and other reasons?  

If growth of Pakistan economy is better than India than we he is facing financial crises. It is right that growth of India economy is not sound one, But may be improved in coming festival season,

usha manohar wrote:

MG Singh wrote:

People must realize that problem is very bad. During the last quarter growth of our economy is even below Pakistan. How many know it?

MG how do we account for it ? Is it because of the global slow down? Demonetization or flawed economic policies as the opposition led by Manmohan Singh is saying? Or Could it be a combination of all these and other reasons?  

Dear friend, the basic problem is to do with the leadership and economic policy. I was pained to learn that our economic growth is even below Pakistan and shockingly the Indian Ruppee is worth only 85 paisa of Bangladesh Taka. The fault is with Modi and his selection of finance ministries like Jaitley and now Sitharaman who have not even rudimentary knowledge of economics. Secondly two factors have destroyed the economy mainly demonetization and application of GST. Modi also in 5 years forgot about agriculture

One must remember rhetoric is not going to help. Below Bangldesh. What a shame.

MG Singh wrote:

usha manohar wrote:

MG Singh wrote:

People must realize that problem is very bad. During the last quarter growth of our economy is even below Pakistan. How many know it?

MG how do we account for it ? Is it because of the global slow down? Demonetization or flawed economic policies as the opposition led by Manmohan Singh is saying? Or Could it be a combination of all these and other reasons?  

Dear friend, the basic problem is to do with the leadership and economic policy. I was pained to learn that our economic growth is even below Pakistan and shockingly the Indian Ruppee is worth only 85 paisa of Bangladesh Taka. The fault is with Modi and his selection of finance ministries like Jaitley and now Sitharaman who have not even rudimentary knowledge of economics. Secondly two factors have destroyed the economy mainly demonetization and application of GST. Modi also in 5 years forgot about agriculture

One must remember rhetoric is not going to help. Below Bangldesh. What a shame.

There could have been mistakes but rupee is definitely not below Bangladeshi taka, this is today's rate ..

There is no doubt that Indian economy is going down but there is no reason to compare Indian economics with either Pakistan or Bangladesh. Today I was reading a prominent congress leader who thought the increasing population is one of the reasons. I don't think the population has risen overnight but the reason behind slowdown seems to be the outage of black money  from the circulation which was being used for buying luxury goods like cars, AC, Houses, Jewelry etc. Now the government has a strict check on circulation of black money which is one of the main reasons of slow down of economy. The situation will improve since the government is trying to improve the situation. 

By the way, the economy of India is far better than all the countries in the world but China.

usha manohar wrote:

MG Singh wrote:

usha manohar wrote:

MG Singh wrote:

People must realize that problem is very bad. During the last quarter growth of our economy is even below Pakistan. How many know it?

MG how do we account for it ? Is it because of the global slow down? Demonetization or flawed economic policies as the opposition led by Manmohan Singh is saying? Or Could it be a combination of all these and other reasons?  

Dear friend, the basic problem is to do with the leadership and economic policy. I was pained to learn that our economic growth is even below Pakistan and shockingly the Indian Ruppee is worth only 85 paisa of Bangladesh Taka. The fault is with Modi and his selection of finance ministries like Jaitley and now Sitharaman who have not even rudimentary knowledge of economics. Secondly two factors have destroyed the economy mainly demonetization and application of GST. Modi also in 5 years forgot about agriculture

One must remember rhetoric is not going to help. Below Bangldesh. What a shame.

There could have been mistakes but rupee is definitely not below Bangladeshi taka, this is today's rate ..

What I actually meant was the Indian rupee  has gone down against the Bangladesh Taka. Also there is no denying the fact that the economy is in a mess and partly it is due to the finance ministers who have been working under the guidance and instructions of Mr Modi.  scenEven the sheen hiof the abolition of article 370 seems to be going off as the Kashmir issue is internationalized as  it wasd in the security council after 54 years. us presidential candidate Bernie Sanders and labour party leader corbyn have condemned actions in Srinagar which has been made into a vast prison. more trouble is in the offing with Imran Khan on the war path.  this is where the silver lining comes in because with Imran becoming popular in Pakistan the army is likely to depose him. That  is good for India

Yesterday on Ganesh Churthi, 28000 two wheeler and 4000 four wheeler sold in Rajasthan. I am hoping in coming day our economy will be improved.

It is no doubt a matter of concern ..however, one cannot ignore the fact that past sins have long shadows. The combined scam under UPA took away nearly 2 lakh crore rupees from the system and someone has to pay for it. The burden has fallen on NDA , this was a discussion on CNBC that I saw yesterday where these facts too were discussed. Demonetization was bound to slow down the economy since most transactions esp real estate was partly carried out in black. I remember Modi saying that it would take a few years to show positive growth ..

usha manohar wrote:

It is no doubt a matter of concern ..however, one cannot ignore the fact that past sins have long shadows. The combined scam under UPA took away nearly 2 lakh crore rupees from the system and someone has to pay for it. The burden has fallen on NDA , this was a discussion on CNBC that I saw yesterday where these facts too were discussed. Demonetization was bound to slow down the economy since most transactions esp real estate was partly carried out in black. I remember Modi saying that it would take a few years to show positive growth ..

It is right that demonetization and government efforts to use digital payment is one cause of slow growth. Real state is filed where most of black money is used by peoples. 

anil wrote:

usha manohar wrote:

It is no doubt a matter of concern ..however, one cannot ignore the fact that past sins have long shadows. The combined scam under UPA took away nearly 2 lakh crore rupees from the system and someone has to pay for it. The burden has fallen on NDA , this was a discussion on CNBC that I saw yesterday where these facts too were discussed. Demonetization was bound to slow down the economy since most transactions esp real estate was partly carried out in black. I remember Modi saying that it would take a few years to show positive growth ..

It is right that demonetization and government efforts to use digital payment is one cause of slow growth. Real state is filed where most of black money is used by peoples. 

I was listening to Subramaniam Swami who as we all know is a Harvard educated economist. One reason is that Modi selected men he could dominate and hence selected Jaitley and Nirmala Sitharaman. I am told Swami was to be the FM in 2014 but something happened in-between. Perhaps Modi didn't want him as he is too independent a man. Jaitley and now Nirmala have tanked the economy. It's galling that our growth rate is below Pakistan. My tenant in Mumbai has left my house and gone to his village as he told me that his business has collapsed because of GST and its application. He curses Modi. We who are not involved can laugh it off but overall if Modi does not bring in a professional to manage teh economy he won't win, article 370 or not

That is a bit harsh MG because Arun Jaitley cannot be dismissed off as incompetent simply because the opposition says so. He was very capable and so that s Nirmala Seetharanan who has had the difficult task of taking over an already ailing economy that showed decline under UPA 2 and continued to do so . Demonetization was a necessary measure and so was GST . All those who had managed until now to escape tax are bound to suffer but in the long run it will prove to be a boon for the economy.

 https://www.google.com/amp/s/www.livemint.com/opinion/columns/arun-jaitley-an-exceptional-leader-who-posterity-will-have-much-to-thank-for/amp-1566664980920.html

MG is saying many time that economic growth of Pakistan is better than India, It is not right , read it

Pakistan's Finance Ministry expects economic growth in the financial year ending in June to hit 3.3%, well below a target of 6.2% set last year, with key sectors all performing worse than expected, according to a planning document seen by Reuters. The document also sets a target of 4% growth for the 2020 financial year, underlining the economic headwinds facing the government of Prime Minister Imran Khan

It was amusing to see the arrogance  of P Chidambaram when he mocked the government about 5 % GDP growth. He has probably forgotten that under him in 2012 it was less than 5%

https://www.google.com/amp/s/www.moneycontrol.com/news/business/companies/gdp-growth-seen-between-5-55201314-chidambaram-1577455.html/amp

I think this slow down is for temporary it will go up soon . I notices when something happen big then market go down this time 370 for Jammu and Kashmir is the reason for slow down of market. My thinking may be wrong.  

usha manohar wrote:

It was amusing to see the arrogance  of P Chidambaram when he mocked the government about 5 % GDP growth. He has probably forgotten that under him in 2012 it was less than 5%

https://www.google.com/amp/s/www.moneycontrol.com/news/business/companies/gdp-growth-seen-between-5-55201314-chidambaram-1577455.html/amp

It is easy to blame others. Yesterday when he was sending to Tihar than he said, I am worried for economy of India. Crocodial tears. 

Santosh Kumar Singh wrote:

I think this slow down is for temporary it will go up soon . I notices when something happen big then market go down this time 370 for Jammu and Kashmir is the reason for slow down of market. My thinking may be wrong.  

You are not wrong. it is temporary phase and I am hoping that in coming days we will improve. In coming days new crops will come in market and these days are also festival season,

Santosh Kumar Singh wrote:

I think this slow down is for temporary it will go up soon . I notices when something happen big then market go down this time 370 for Jammu and Kashmir is the reason for slow down of market. My thinking may be wrong.  

True, I also feel that it is impacting the economic system, but I don't think it should impact this much, especially the demand of Automotives have gone down drastically, which is not at all related to 370.

Also, if it is an economic slowdown, I am wondering whether other Countries are also in the same phase of economic slowdown.

epraneeth77 wrote:

Santosh Kumar Singh wrote:

I think this slow down is for temporary it will go up soon . I notices when something happen big then market go down this time 370 for Jammu and Kashmir is the reason for slow down of market. My thinking may be wrong.  

True, I also feel that it is impacting the economic system, but I don't think it should impact this much, especially the demand of Automotives have gone down drastically, which is not at all related to 370.

Also, if it is an economic slowdown, I am wondering whether other Countries are also in the same phase of economic slowdown.

Other countries are also facing slowdown. It is not effect of section 370. Stock market improved after some announcement by government, Complicated rules of GST makes business some touch it  may be cause of slowdown. 

True, complicated GST rules have made it tough for businesses. But I hope that it will get simplified in coming days.