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What can India do to beat an economic slowdown? – BBC News

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After years of fast-paced growth, India’s economy is losing steam. In this country of more than a billion people, domestic consumption is one of the main drivers of growth but unemployment is rising and people’s purchasing power has taken a hit.
While the government maintains that the economic slowdown is temporary and a revival is not too far ahead, for now the impact of the slowdown is being felt across industries. Car sales are declining, private investment is slowing down and the shadow banking sector is in a crisis.
India’s central bank has cut interest rates to boost the slowing economy, but is this enough? And with ambitions to become one of the world’s most powerful economies, which sectors can help drive India’s growth in the next 10 years?
We speak to the vice chairman of the Indian government’s policy think tank, an independent economic analyst, and a business journalist. We ask them what India can do to beat the current economic slowdown.

Presenter: Devina Gupta
Contributors: Rajiv Kumar, Vice Chairperson, NITI Aayog government think-tank; Pranjal Sharma, Independent Economic Analyst and author; Shweta Punj, Deputy Editor, India Today and Young Global Leader (World Economic Forum)

From Delhi, #WorklifeIndia reflects on money, work, family and business.

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From:
Date: January 17, 2020

45 thoughts on “What can India do to beat an economic slowdown? – BBC News

  1. India’s GDP has dropped by two ranks!
    Unemployment is increasing since 2015
    Urban and Rural wages are all time low
    Scams are increasing day by day
    Modi always says we will arrest people like Nirav Modi and Lalit Modi
    Everyone are relaxing in their homes
    The money supply is decreasing day by day
    Inflation is increasing at all time high
    I am not supporting Congress
    But neither BJP
    We want a great leader
    If Modi does it then its ok but if he doesn’t does this in the second term, we want a new leader!!

  2. I know what to be done.
    Chant 10 jai shree ram mala every day morning evening.
    By 1 year shree ram will appear in front of you then ask a boon from him to recover india out of economy crisis.
    Like if you respect shree ram.
    #jaishreeram

  3. Hindrance to India's development, internal and external.
    The external environment, the United States will be the main obstacle to India's development.
    The United States absolutely does not allow the emergence of a second competitor like China. Compared with China, the United States is easier to contain India.This is because the power of the Indian government is too decentralized and there is no guarantee that the new leader will be strong enough.
    Although the U.S. will use some means to hinder India's development and at most delay India's development, this is not a fatal factor.
    The key is internal factors.
    Formalistic democracy is often used as a tool of political confrontation. No party really thinks about the definition of democracy.
    Everyone thinks that one vote for one person is equal to democracy.
    The people have only electoral democracy but no ruling democracy.
    There is no guarantee that the elected leaders and leading gangs will be democratic.
    This has led to new development policies and other resolutions that are not necessarily democratic,And the people are unable to supervise and stop the implementation of wrong policies.
    Comments from China.

  4. If you want Economy of India = 5 trillion = working population of India ( 1billion=100 crore)*deposit by every citizens of Rs 5000.
    100,00,00,000×5000= 5 trillion(50,00,00,00,00,000)

  5. This economic problem was created in short time but can not be sought out in short time. It will take almost five year. Indian Economy is not child's business.People without understanding fundamental should not be the part.

  6. Investors know what facist BJP is doing, so they dont want to invest, its that simple.
    You dont need a crystall ball to see whats coming, if you studied basic history, you know the answer.
    World toilet will nevr get enought toilets.

  7. Protest against the Americans Democratic Party Politicians Mafia. If you have a Democratic running the Embassy in your country. Protest against the Embassy until they get a Republican Party Leader to Run the Americans Embassy. Support President Trump. Drain the swamps around the world.

  8. ALL INDIANS SHOULD UNDERSTAND FEW ISSUES.

    MAN(MAD) MOHAN SINGH IS NOT A ECONOMIST.HE IS A BUDGET ASSISTANT..

    SCAM GRESS PARTY HEADED BY BAR ATENDER AND MAD MOHAN SINGH HAS RAPED INDIAN ECONOMY FOR 10 YEARS WITH FEW HUNDRED SCAMS.

    IT WILL TAKE ANY GOVT 14 YEARS TO REVIVE THE ECONOMY.

    GREAT CONTRIBUTION OF MODI JI AND BJP GOVT TO INDIA

    DEMONITISATION HAS REMOVED FEW LAKH CRORES OF CURRENCY PRINTED BY PAKISTAN ETC ETC (SAME NUMERED ORIGINAL NOTES BEING PRINTED MORE THAN TWICE) THIS HAS REDUCED ILLEGAL/ FALSE PURCHASING POWER.

    GST HAS REDUCED BLACK MARKETING/SELLING WITH OUT BILLS ETC ETC HENCE NUMBER TWO BUSINESS PEOPLE ARE NOT ABLE TO SPEND LIKE EARLIER.

    THIS WAY MANY BUSINESS PEOPLE REDUCED CURROPTION BY 50 %.

    BJP GOVT ACTING STRICTLY ON TAX EVADERS,SO THEY ARE NOT BRINGING BLACK MONEY OUT,IF THEY BRING BLACK MONEY (IN SCAM GRESS GOVT BLACK MONEY HOLDERS USED TO CONTROL GOVT) OUT THEY ARE BEING WATCHED BY GOVT OFFICIALS. POSSIBILITY OF BEING COUGHT FOR THEIR SPENDINGS.

    ALL OVER WORLD THERE IS ECONOMIC RECESSION. THAT HAS IMPACTED INDIAN ECONOMY ALSO.

    MANY SOFTWARE COMPANIES ARE SENDING OUT THEIR MIDDLE LEVEL MANAGERS OUT OF JOB.PURCHASING POWER OF THESE PEOPLE HAS COME DOWN.THEY ARE ONE IMPORT SECTION OF ECONOMY BOOSTERS.

    INDIAN PARLIAMENTRIANS ARE CREATING FALSE NARRATIVES IN PARLIAMENT.SCAM GRESS PEOPLE BRING UNWANTED TOPICS LIKE GODSE,BABRI MASJID,KASHMIR VOILENCE,MOB LYINCHING ETC ETC AND DEFAME THIS NATION INDIA BEFORE INTERNATIONAL COMMUNITIES ,SO INVETMENT WHICH HAS TO COME TO INDIA IS NOT COMING.

    ILLEGAL MIGRANTS MORE THAN 5.00 CRORES CAME INTO INDIA,THEY SQUEEZED THE OPPURTUNITIES OF LOCALS.HENCE EARININGS OF LOCALS HAVE COME DOWN.

    POLITICS – IN INDIA OUR POLITICAL SYSTEM IS SUCH THAT 24X7X365 WE WILL HAVE ONE ELECTION OR THE OTHER ,WHICH REDUCES THE ATMOSPHERE OF GROWTH THINKING.

    POPULATION -Every year india produces more than one Australia,INDIA spends Most /more of its budget money on welfare schemes.No big money to INVEST.

    POLITICIANS MAKE HUGE MONEY IN CORRUPTION,THEY SEND THAT MONEY TO TAX HEAVENS ALL THAT MONEY HAS GONE OUT OF SYSTEM. RS 2000 NOTES WHERE ARE THEY. MONEY GOING OUT OF SYSTEM.

    LIKE AWARD WAPSI GANG

    LIKE IN TOLERENCE GANG

    LIKE MOB LYNCHING GANG

    A SECTION OF MEDIA,SOCIAL MEDIA ETC ETC PLATFORMS ALLWAYS DEMONISE THE COUNTRY CALLED INDIA ,BEFORE INTERNATIONAL COMMUNITIES ,THIS NEGATIVE IMAGE HAS STOPPED UP COMING INVESTMENT BY FOREIGN COMPANIES TO THE TUNE OF 500 BILLION USD IN THE LAST FEW YEARS.

    CONVERSION FUNDS HAVE COME DOWN .PURCHASING POWER LOST BY A SECTION OF PEOPLE.

    OUR MANUFACTURE SECTOR IS NOT AS COMPETITIVE AS CHINA . 100 BILLIONS USD CHINA MAKES FROM INDIA.

    MAD MOHAN SINGH AND TEAM SMASHED INDIAN ECONOMY

  9. The ladies are talking like rowdies and doing ragging of that economic think tank. Ask him how, why in a respectable manner. You cannot understand what is going on in 20 minutes. First of all you are duds who will bark loudly.

  10. 10 Lac Cr + NPA !!!, Who is going to do this right ? MF Govt. Instead of putting money in the hands of the poor this Govt has, on the contrary taken it away through GST and demonetization !!!

  11. Reports of international organization shows that inequality consistently increase over a period of time…let me put some data from " OXAM" – top 1% richest segment possesses 58.5% of wealth. This is how we are going towards inclusive growth.👍..Through our policies we favour Adani & Ambani's…Telecom sector is relling under distree due to disruption created by Relaince jio….

  12. ALL INDIANS SHOULD UNDERSTAND FEW ISSUES.

    MAN(MAD) MOHAN SINGH IS NOT A ECONOMIST.HE IS A BUDGET ASSISTANT..

    SCAM GRESS PARTY HEADED BY BAR ATENDER AND MAD MOHAN SINGH HAS RAPED INDIAN ECONOMY FOR 10 YEARS WITH FEW HUNDRED SCAMS.

    IT WILL TAKE ANY GOVT 14 YEARS TO REVIVE THE ECONOMY.

    DEMONITISATION HAS REMOVED FEW LAKH CRORES OF CURRENCY PRINTED BY PAKISTAN ETC ETC (SAME NUMERED ORIGINAL NOTES BEING PRINTED MORE THAN TWICE) THIS HAS REDUCED ILLEGAL/ FALSE PURCHASING POWER.

    GST HAS REDUCED BLACK MARKETING/SELLING WITH OUT BILLS ETC ETC HENCE NUMBER TWO BUSINESS PEOPLE ARE NOT ABLE TO SPEND LIKE EARLIER.

    BJP GOVT ACTING STRICTLY ON TAX EVADERS,SO THEY ARE NOT BRINGING BLACK MONEY OUT,IF THEY BRING BLACK MONEY (IN SCAM GRESS GOVT BLACK MONEY HOLDERS USED TO CONTROL GOVT) OUT THEY ARE BEING WATCHED BY GOVT OFFICIALS. POSSIBILITY OF BEING COUGHT FOR THEIR SPENDINGS.

    ALL OVER WORLD THERE IS ECONOMIC RECESSION. THAT HAS IMPACTED INDIAN ECONOMY ALSO.

    MANY SOFTWARE COMPANIES ARE SENDING OUT THEIR MIDDLE LEVEL MANAGERS OUT OF JOB.PURCHASING POWER OF THESE PEOPLE HAS COME DOWN.THEY ARE ONE IMPORT SECTION OF ECONOMY BOOSTERS.

    INDIAN PARLIAMENTRIANS ARE CREATING FALSE NARRATIVES IN PARLIAMENT.SCAM GRESS PEOPLE BRING UNWANTED TOPICS LIKE GODSE,BABRI MASJID,KASHMIR VOILENCE,MOB LYINCHING ETC ETC AND DEFAME THIS NATION INDIA BEFORE INTERNATIONAL COMMUNITIES ,SO INVETMENT WHICH HAS TO COME TO INDIA IS NOT COMING.

    ILLEGAL MIGRANTS MORE THAN 5.00 CRORES CAME INTO INDIA,THEY SQUEEZED THE OPPURTUNITIES OF LOCALS.HENCE EARININGS OF LOCALS HAVE COME DOWN.

    POLITICS – IN INDIA OUR POLITICAL SYSTEM IS SUCH THAT 24X7X365 WE WILL HAVE ONE ELECTION OR THE OTHER ,WHICH REDUCES THE ATMOSPHERE OF GROWTH THINKING.

    POPULATION -Every year india produces more than one Australia,INDIA spends Most /more of its budget money on welfare schemes.No big money to INVEST.

    POLITICIANS MAKE HUGE MONEY IN CORRUPTION,THEY SEND THAT MONEY TO TAX HEAVENS ALL THAT MONEY HAS GONE OUT OF SYSTEM. RS 2000 NOTES WHERE ARE THEY. MONEY GOING OUT OF SYSTEM.

    LIKE AWARD WAPSI GANG

    LIKE IN TOLERENCE GANG

    LIKE MOB LYNCHING GANG

    A SECTION OF MEDIA,SOCIAL MEDIA ETC ETC PLATFORMS ALLWAYS DEMONISE THE COUNTRY CALLED INDIA ,BEFORE INTERNATIONAL COMMUNITIES ,THIS NEGATIVE IMAGE HAS STOPPED UP COMING INVESTMENT BY FOREIGN COMPANIES.

    ANTI CONVERSION FUNDS HAVE COME DOWN .PURCHASING POWER LOST BY A SECTION OF PEOPLE.

  13. This discussion shows that… India is too much impatient When modi set target for 5 trillion economy size… He set an expectation.. and Indians are now expecting too much with our all sectors who have been running on models from past 50-60 years. people has to understand that u cannot achieve 5 trillion economy in 1 year… Government is trying to create eco system for business growth bu disinvestment, Cutting corporate taxes. People need to keep doing better in krder to achieve better. Modi or BJP alone can't do it.. its the entrepreneurs. Everyone can agree on the fact that Congress can never achieve this growth.. they were in power till now. They never set any target for economy.

  14. INDIA is becoming FINE FACTORY, we don't have the way to correct things,
    We fine
    Farmers
    Vodafone,
    Road rules,
    Electricity bills
    Liquor carriers
    Tax
    GST
    Vodafone, idea,
    Railway tickets

  15. Supreme court judgement and National Green tribunal are biggest threat to INDIAN ECONOMY,
    they don't find the way to coorect the problem , they just close the industry and fine them.

  16. Limiting import, supporting core sector by easing rules, there is no need to harsh on sector by the mean of enviornmentall norms, rather than they must create a body to correct it, and finding the middle way to deal.

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