World Vs India !!!
Our handling of Corona was good Vs rest of world. The positive cases, death rates, recovery rates all good. The treatment to the real damage is still unanswered. Remember the world was in lock down and we were also under lock down and now the real test is...
Our handling of Corona was good Vs rest of world. The positive cases, death rates, recovery rates all good. The treatment to the real damage is still unanswered. Remember the world was in lock down and we were also under lock down and now the real test is...
How well we are going to handle economic damage due to this lock down..? The real recovery in the mkt and economy would be purely based on it only. Some eg:-
~ US has recorded 33 mil job losses so far which is approx equal to 10 yr job creation what they have.
~ Their stimulus..
~ US has recorded 33 mil job losses so far which is approx equal to 10 yr job creation what they have.
~ Their stimulus..
So far is approx 2.7 trillion which is almost equal to India GDP nos.
~ US is printing dollar and may increase it based on the necessity. #Fed has already shown their willingness to inject more liquidity if needed.
~ US will have to bail out more firms in events of failure..
~ US is printing dollar and may increase it based on the necessity. #Fed has already shown their willingness to inject more liquidity if needed.
~ US will have to bail out more firms in events of failure..
~ So far we have announced approx $28 b fiscal stimulus. This is almost 1%+ of our #GDP
~ If we have to recover fast we may need anything close to $275 b worth of package and its almost 10% of GDP. At current stage we are far from those numbers.
~India has approx $0.5 trillion...
~ If we have to recover fast we may need anything close to $275 b worth of package and its almost 10% of GDP. At current stage we are far from those numbers.
~India has approx $0.5 trillion...
of reserve (appox: $480 b) with #RBI as of Apr'20.
~ Current fiscal deficit is around 3.5% of GDP and it can be bring around 6% to support the economy. Lets forget fiscal prudence for at least for sometime.
~ If the economy doesn't recover and stabilize, no amount of stimulus....
~ Current fiscal deficit is around 3.5% of GDP and it can be bring around 6% to support the economy. Lets forget fiscal prudence for at least for sometime.
~ If the economy doesn't recover and stabilize, no amount of stimulus....
will help us to bring back it to growth (Forget growth this year). Imagine if US hadn't spent during the crisis 2008-09, the economy sill would have been under recession.
~Rating agencies and their warning. Current rating of BBB-stable. All these warnings dont hold any value....
~Rating agencies and their warning. Current rating of BBB-stable. All these warnings dont hold any value....
if the economy is stable and grow in coming yrs. For the time being we shouldn't be bothered about it. Govt can also parallel initiate discussions and keep the agencies convinced.
~The current crude price is a blessing in disguise & not expected to go up to $40+ in a year or so.
~The current crude price is a blessing in disguise & not expected to go up to $40+ in a year or so.
This is the real test of time and Govt and RBI has to come out some clear measures to save the economy.
A medicine in near term can cure the Corona but a damaged economy cant be cured for years if not treated properly.
@nsitharaman @PMOIndia @narendramodi @DasShaktikanta
A medicine in near term can cure the Corona but a damaged economy cant be cured for years if not treated properly.
@nsitharaman @PMOIndia @narendramodi @DasShaktikanta
