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How India fought back when the United States imposed sanctions on India.

A thread 🧵 - 1/17

#India #nationaltechnologyday #pokharan #sanctions #Indianeconomy
Though the war between Russia and Ukraine is being fought with weapons, Russia is fighting another war with a different set of weapons. The United States and its allies are in an economic war with Russia with sanctions.

2/17
Almost 24 years ago, India faced a similar situation when the United States and its allies imposed sanctions on India.

3/17
Read 18 tweets
𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐅𝐮𝐧𝐝 ने अपना 𝐖𝐨𝐫𝐥𝐝 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (वर्ल्ड इकॉनमिक आउटलुक) संस्करण अप्रैल-2022 जारी किया है।

यह रिपोर्ट 2022 के दौरान विश्व और भारत की अर्थव्यवस्थाओं के अनुमानित ग्रोथ से संबंधित कुछ खास और महत्वपूर्ण (1/4)
बातें हमारे सामने रखती है:

- विश्व की विकसित अर्थव्यवस्थाओं के लिए औसत ग्रोथ का अनुमान-3.30%

- विश्व की सारी उभरती अर्थव्यवस्थाओं के लिए औसत ग्रोथ का अनुमान-3.80%

- भारत के लिए औसत ग्रोथ का अनुमान-8.20%.

- भारत पूरे विश्व की प्रमुख अर्थव्यवस्थाओं में सबसे तेजी से (2/4)
विकास करने वाला देश बनके उभरेगा।हालांकि यूक्रेन रशिया युद्ध के मद्देनजर इस अनुमानित ग्रोथ में 0.8% की कमी की गई है। पहले ऐसा अनुमान किया गया था कि वर्ष 2022 के दौरान भारत की अर्थव्यवस्था 9% की ग्रोथ से आगे बढ़ेगी।

IMF हर वर्ष में दो बार वर्ल्ड इकोनॉमिक आउटलुक रिपोर्ट (3/4)
Read 6 tweets
Who said #hesitancy was not a prob? My comorbid wife delayed taking shot by a month. Sr citizen neighbour pastered doctor son against vaccine. #Covaxin was not mocked? It was done till early April. Hesitancy was so common that bengal went slow on covax indent 1/n
Why all health staff, Sr xitizen didn't queue up 4 #vaccine in Feb-March? Centres wr idle. Data proves, Thr ws not equal push from all states either. All rushed 4 vax as #SecondWave struck. As in end April 50% on queue for vax wr above 60. This contributed to overcrowding. 2/n
Yes thr is now a #VaccineShortage. But part of it is perceived. Do we have enough manpower & other necessary infra to inoculate 3 USAs (90cr adult) at one go? V got feb-april. Cud USA vaccinate all in 3 months? On April 18, only 50% Americans wr vaccinated. De started ahead. 3/n
Read 12 tweets
#IndianEconomy In a Group Discussion of my Alumni, most of who are industry seniors or leaders, what is emerging that India is on its recovery path. Salaries that were reduced by as much as 50%, is on the uptake and is going back to pre-covid levels.
Another person mentioned that large MNCs are signing contracts and closing them. In another case, no salary reduction.
To quote another, "Hurried layoffs and furloughs are making it harder to come back online. People are realizing the value of human capital and bench strength".
Read 9 tweets
Right now DR @APanagariya speaking at @BenCham1833 Leadership Series on the impact of the pandemic #ArvindPanagariya #BengalChamber
2/n Dr #ArvindPanagariya endorses the government's decision not to front-end the "demand stimulus" - because with labour not being there and enterprises shut - Supply Curve being vertical - it wouldn't have worked. #COVID19India #BengalChamber
3/n Dr #ArvindPanagariya thinks it was the right decision to focus first on food security and controlling infection spread. Next, the interventions by RBI on liquidity and credit lines was the logical second step #COVID19India #BengalChamber
Read 10 tweets
In an atmosphere of doom and gloom, refreshing to hear industry leaders and bankers at the launch of Akhil Gupta's "Some Sizes Fit All" sound more optimistic than our economists and commentariat @bhanshireen @rajivmemani @Kalpnamorparia @kakunakhate #books #economy #IndianEconomy Image
Talking of a SWOT #KakuNakhate of @BankofAmerica thinks India is far better geo-politically today - though she sounded a word of caution on the situation at the borders. #KalpanaMorparia of @jpmorgan appeared to be bullish on banking reforms and RBI interventions. @CNBCTV18Live
The best came from @rajivmemani of @EY_India, who highlighted the "talent pool" from India providing critical services around the globe at this time of the pandemic. That combined with the technology progress can be a differentiator in the postcovid world. #SomeSizesFitAll #books
Read 4 tweets
In an otherwise grim #economic outlook, #Cement stocks shine as a ray of hope in the market - basis better than expected performance of cement companies in Q1 21 and banking on government infra spends to boost #economy post #Covid19 #indianeconomy business-standard.com/article/market…
#IndianEconomy Return of #migrantlabour could turn out to be a boon for #ruralIndia. Better availability of labour, good harvest, MNREGA and PMGKY etc spends could augur well for #ruraleconomy. Besides, availability of manpower also helped in sowing season. #COVID19India #economy
#IndianEconomy Per current outlook on #Covid19 Cities and user states can’t wait indefinitely for normalcy and #migrantlabour to return (even at higher pay). They will have to adopt new construction practices and technology. That is also an opportunity for re/upskilling. #economy
Read 3 tweets
"Economic growth accompanied by worsening social outcomes isn't success, it's failure"- @jacindaardern
--
@narendramodi
by his Uneducated Mental Mess is Catapulting India 2 a #SocialSuicide
#PetrolDieselPriceHike
The #DeathKnell
#speakupagainstfuelhike
Image
Read 13 tweets
We a group of nationalistic professionals have written a letter to Honble PM @narendramodi giving some suggestions to a) tackle urgent distress b) generate demand c) usher in policy changes in view of stress on #IndianEconomy due to #coronavirus

@MRVChennai
@GiridharMamidi
Distress Management

1 Suspend FRBM Act and Prudential Norms for MSMEs for one year
2 Loans to MSMEs without considering external rating requirements
3 Provide credit facilities to returning migrants to set up their ventures train them on their skill development programs

1/n
Distress management

4 Provide interest free crop loans to farmers (including animal husbandry) having holding up to 5 acres for the current year
5 Involve philanthropists, intermediaries, Self-Help Groups and NGOs for effective last mile delivery of relief measures

2/n
Read 17 tweets
Many of the long standing societal rules were re-written at times of crisis. We are undergoing one of the biggest crisis of our generation. Wonder what rules will be re-written in the post COVID world. Trying to predict few changes in the new world

Thread 1/n
AI and Digital transformation will lead the way in the post Covid world as people will finally wake up to the potential of technology in optimizing their respective businesses.
#COVID #coronovirusindia #economy #recession #IndianEconomy #startups
Education:
The de facto delivery of education will change to online mediums now that the education institutes will start seeing the potential of online education delivery. Low impact in K12, high impact in higher education.
#COVID #education #edtech
Read 10 tweets
The peculiar thing about Crude oil price collapse & bloodbath in equity markets across the world is that, no one saw it coming, no one had expectation/expected OPEC+ & Russia fallout would result in so big mrkt crash - Why would b that ? 1/n #marketcrash #COVD19 #IndianEconomy
Such highly volatile markts r real challenges to traders & risk manager even though risk scenarios r built & MTM @ VAR r calculated, despite of that margin calls going to banks/dealers - This has resulted into domino effect 2/n
Are we into a grand lab of behavioral experiment - How could crude oil collapse lead to such a huge loss, today Indian investors lost 11 trillion rupees & Globally mrkts lost $ 5 trillion in last 2 months -thr were no signs of recession or global contagion like 2008 3/n
Read 9 tweets
Guy at BSNL office was worried over his personal issues, started talking to me on his own, about lay offs, privatization, future of LIC, a lot. Said govt unable to control but later said, 'look at Pakistan, they've to mortgage all, even roads, we're much better' #Media #Narrative
He was explaining to me that in India, we're yet to sell railways but in Pakistan even 'roads sold' to keep the country's economy afloat'. Must have picked up from channels. So this comparison always makes people content, 'unse behtar hain', without stepping foot out of India.
This is the super narrative--comparison has to be with Pakistan, look at how others have sunk & we are still not doing badly. Even within locality it happens, people are sometimes more jealous about neighbour's accomplishment. So playing on these emotions. Truly amazing.
Read 6 tweets
Long thread on Budget FY-2020: How difficult is finance minister’s job in #India. If you’re amongst those who think the budget doesn’t do much for people, you need to understand this in detail. Why do we struggle to solve national problems? #Budget2020 #NirmalaSitharaman
Let me simplify things for the readers as to how the budget looks like & what the numbers mean. Below is the graphic that I have created for the revenue & expense heads for govt of India.Left side is govt INCOME & right side is how it SPENDS for the year. Size Rs 27.8 lac crores Image
Income of govt:
1) Taxes & non-tax revenue is 61% & 10% respectively. Additionally, another 4% comes by selling govt shares in PSUs. All this adds to 75%.
2) Borrowings forms the balance 25% of Income. This is our govt borrowing money to spend which of-course carries interest.
Read 21 tweets
1. As the daily hysteria about the decline of Indian economic growth continues , I'll share few unorthodox theories and interesting data trends about everything economic development and...
theprint.in/national-inter…
2...and some of the many fixes—some straightforward and obvious to everyone and some not so much—India can pull to prevent going down the road of low growth rates and start imitating the growth pattern of China, South Korea and Taiwan. #indianeconomy #economicdevelopment #india
3. Most economists earn their living working in sectors that are free of market forces and end user criticism. So time to time we have to dunk on the economists worldwide for being so inept at what they do and for making the subject crude, out-of-touch with reality and...
Read 139 tweets
This was being circulated as the #bhakt spin on punctured #IndianEconomy

This thread exposes those dumbasses.
#bhaktlogic: CAR SALES ARE DOWN, BUT OLA/UBER ARE RISING

#reality:
Uber posts a Q1 Loss of $1 billion worldwide
Ola reports a loss of Rs. 2,676 crore

#IndianEconomyPunctured
#bhaktlogic: - RESTAURANTS ARE CLOSING DOWN, BUT FOOD DELIVERY SERVICES ARE GOING UP.

#reality:

Zomato reports a loss of Rs. 2058 Crores
Swiggy reported a loss of Rs. 397 Crores FY18

#IndianEconomyPunctured
Read 12 tweets
1/ From 2000 to 2002, I traveled across India studying toymakers who made and sold their wares on the streets. #Entrepreneurship of the poor
2/ How these men and women used their creative impulse to survive grinding poverty made me feel great respect for the #UnorganisedSector.
3/ I found among toymakers and street vendors the best qualities of what is expected from citizens - live & let live, truly #SecularSharing
Read 9 tweets

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