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Business Tit-Bits: 2021 Minus 2022= 2020

Jun 02, 2021
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and finance with me today, let's look at two different perceptions about the current state of the Indian economy and then let's look at what they add up to in terms of the real state of the current economy as we experience it on a day to day basis, the The first perception is that of Prime Minister Narendra Modi. Mr Modi, while addressing the annual convention of Fiki, the industry body says India has put a difficult year behind it. He was referring to the scenario in which the Indian economy has been affected. has been derailed and plagued by crises, says that difficult year is now behind us and then says that the emerging economic indicators in the economy are extremely encouraging and that the recovery of the Indian economy has been much faster than expected .
business tit bits 2021 minus 2022 2020
Mr Modi then defended him strongly. he reform laws and said that such reforms are part of the government's efforts to liberate all sectors of the economy. He then mentioned that even though the economy is plagued by a pandemic, even though the economy is in crisis due to Kovaid, India has had record inflows of FDI and FBI in this year, foreign direct investment inflows They have been 30 billion in October and FDI in November has been 62,000 million rupees, which is a record of all kinds. He said that they certainly say and prove that the Indian economy has improved a lot this was Prime Minister Modi's perception about the state of the Indian economy, let's take another perception and it is that of Nomura Japan Nomura in its report says that in the calendar year

2021

the India's GDP will become the fastest growing in Asia in Nomura estimates that India's GDP will grow by 9.9 percent in the next calendar year and against that it says that China's GDP will grow by 9 and Singapore's will grow 7.5 percent, making India the fastest growing economy in Asia in the next calendar year.
business tit bits 2021 minus 2022 2020

More Interesting Facts About,

business tit bits 2021 minus 2022 2020...

Nomura further says that in the March quarter of next year, the Indian economy will contract by 1.2 percent, but then in the next quarter, which is June

2021

, the Indian economy will recover at a rate of growth of 32.4 and that is simply due to the low base effect in the competitive quarter in

2020

nomura expresses concern over the recovery that has occurred so far says that so far and going forward India's growth or recovery rate does not has been remodeled but has been k-shaped the formal sector has been growing much faster and the growth and improvement in the informal sector has been much slower, which is a cause for concern according to nomura for nomura the recovery in the form of k is a cause for concern as the informal sector is not improving as fast as the formal sector nomura says india will witness a jobless recovery a situation where recovery will take place but no jobs will be added to the economy unemployment will continue According to Nomura, a jobless recovery in India will lead to low per capita income.
business tit bits 2021 minus 2022 2020
It will lead to growing inequality. It will lead to the accumulation of social tensions and because of that the government will be forced to spend more and more on populist schemes, which will not be good for growth. Nomura then warns against the rise of NP in India and says that instead of investing more loans and investing more Companies prefer to deleverage They prefer to repay their loans They are not willing to accept the loans In other words, because the growth of the economy will certainly slow down, it is good to hear these types of positive and optimistic perceptions. the prime minister's perception is clearly optimistic in the case of nomura the optimism is that in 2021 india will witness a recovery of sorts for us this state of the real economy is reflected in the ability of companies to manage their cash flows and repay their loans if borrowers can get strong, solid cash flows and repay us on their loans, which means the economy is getting better for us.
business tit bits 2021 minus 2022 2020
The real economy is reflected in banks' balance sheets and the health of the banking sector. This is when banks' balance sheets are strong. let's realize that the underlying economy has been doing well and that's why the bank loans are being repaid on time, so let's look at the state of the Indian banking sector, the health of the Indian banking sector as per reports recent from the Reserve Bank of India. I've mentioned long before that I expect nps and the economy to almost double in the next few years. Now we have another report from mckenzie and company.
McKenzie and company in their recent report says that banks in India are likely to take a hit of Rs 12 lakh crore. In the coming years, due to Kovaid, out of this 12 lakh cross, 6.7 crore will be losses suffered by the banks due to bad loans and 5.5 as crows are expected to be lost revenue of the banks. It's a pretty bleak picture that mckenzie and company paint as As far as the Indian banking sector is concerned, Mckinsey says that Kovid has affected the real economy in India and banks are also affected by this type of economy and are not only banks, he says even other sectors are affected and banks are no exception according to mckenzie, the sectors affected due to this are consumer auto loans for small and medium enterprises and also the demand for loans is suffering due to the state of the economy, ultimately banks will take a hit of Rs 12 lakh crore according to mckenzie and company, what mckenzie and company say.
The information on the state of the Indian banking sector is supported and corroborated by Sri Abhijit Banerjee, the last Nobel laureate of Indian origin. Mr Banerjee says Indian banks are in a zombie state. He says Indian banks are half dead because of so many bad debts. who are keeping their balance sheets, he further says that if he examines them closely he will realize that the Indian banks are in the red, their health is bad, they have been incurring losses. That is a pretty bleak picture of banks in India, which is being painted by Mr. Banerjee, and that is a reflection of the state of the Indian economy.
Even Modis confirms that Moody's says that the NP in the auto and household sector will continue to rise, especially in the next 12 months, and that is because the economy is in a weak situation and that hurts the ability of borrowers to pay your money, so if we consider that banks reflect the state of the economy, then we are talking about a bleak situation. That's what mckenzie says. That's what Abhijit Banerjee says. That's what Moody says. What is the big picture? What emerges from these two perceptions and what they add to the first, of course, is that we would agree with the Prime Minister.
FDI is certainly good for the country. Increasing FDI is even better but if we look at the current situation we see a disconnect between the real economy and the FDI figures in real terms, the real economy is witnessing a slowdown in demand, confidence, jobs are missing , investments are lacking and therefore although FDI is increasing, it is not completely a correct parameter barometer of the state of the Indian economy. The second image that emerges according to us is what Nomura says that in the second quarter of calendar 2021 the Indian economy will grow by 32.4 is simply a mathematical situation, it is due to the fact that in June

2020

, where we witnessed a contraction of 23.9 percent, we are now witnessing this. some kind of growth rate of 32.4 in June 2021 is just a mathematical reality and not really an economic reality what is a real economic reality what is the real situation the real situation can be understood very easily let's take the financial year 2020 as base year year zero which is March 31, 2020, that is year zero, on March 31, 2021, the Indian economy would have contracted by about 10, so compared to 2020, in 2021 we would be at a situation where our economy would have contracted by 10 and then in the financial year

2022

, the economy has grown by 10, the net result is that from 0 we went to minus 10 and then back to plus 10, the net effect is zero .
There will be no kind of economic growth in

2022

if India's economy grows by 10 then we have just restored the state of the economy as it was in the base year of 2020, zero base situation, according to us, that is where the problem lies. situation and those are the challenges of the Indian economy in prison. This is Aquiles Vargas signing. until we meet again now be the first to know about the latest updates from our new news app go to your android or ios search hw news network download our app choose your preferred language to receive updates and stay up to date with the latest news news, if you like this video, share it and we would love to hear your comments in the comments section below.
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