97% Indians poorer post-Covid; steady fall in salaried jobs

[Ryzen_renoir]

21 minutes ago, jawaani_jaaneman said:

PSU's are heavily controlled. As long as they are PSU's, they have liability to remain as PSU's, mere empoyment generation companies.

Domestic lending is now in perils. Thanks to policies for the last 30 years for the present situation. NPA problem at the most crucial time. Itlanti time la firiegn funding ni maximum attract cheyali, we still have those imperial era laws gotto get rid of them..

Fo rexample, let some friegn fund fund Polavaram..elago slow retuen tesche project adi..1-2% interest rate mida foreign fund tho complete cheyandi...decade long la repayment. evadiki poyedi emi ledu and at the sam time, Indian funding for lucrative infra  projects like road or ports..Indian money maximum india lopale vundipotadi and interest payemnts valla Indian ae bnefit avutadu..

Time for 1991 like reforms..I hope NDA gets serious on such things.

They seriously don't care about anything except winning Elections.

Even Pakistan , a bankrupt country struggling to pay loans to IMF had more growth than india since imran Khan took over . A seriously astonishing feet , if the same trend continues we might need to compare ourselves to Afghanistan because Pakistan may start outgrowing us

I don't think all the wars , terrorist attacks, corruption till now did as much damage to india as Nirmala sitharama to the Indian economy.

 

[jawaani_jaaneman]

1 hour ago, Ryzen_renoir said:

They seriously don't care about anything except winning Elections.

Even Pakistan , a bankrupt country struggling to pay loans to IMF had more growth than india since imran Khan took over . A seriously astonishing feet , if the same trend continues we might need to compare ourselves to Afghanistan because Pakistan may start outgrowing us

I don't think all the wars , terrorist attacks, corruption till now did as much damage to india as Nirmala sitharama to the Indian economy.

 

We need solutions, that are made for India. 

Indian economy is not too weak to be damaged by a single personality, Nirmala Seetharaman is just an individual after all and she is too weak to damage an economy. The fact is that Indian economy growth has been slowing down for a decade yet has been expanding, the silver lining part. It has reached to a point where it needs another catalyst to keep running for another two decades.

Best case scenario is 5-6% average growth. When it was growing at 8% levels, we should have looked into as to why it is growing at such faster pace than to celebrate. Just look at the interest rates in India when India clocked 8% growth levels, that should explain the reason to be cautious when economy grows faster.

Coming to Pakistan or Afghan, Not a comparable scale. Bangladesh's per capita or IMF's Pakistan issue is independent and cannot be compared to Indian Economy's mess. Per capita is tied to population and when this is used as a scale, India will always lag behind for single reason being population. But compared to size of the economy, Bangladesh will never be able to cross India's economy for the same reason, Population.

[Jambhalheart]

Hyd. , Vizag, Bza lo real estate rates vintey pichii peaks lo vunnayi. , bubble antunnaru but eppudu burst avthundho ento 

btw, most of software guys I knew had good hikes / promotions in 2020-21 appraisal cycle 

In our company most of the ppl received double digit hike , so this survey is abt those non-IT guys I think

[Ryzen_renoir]

2 minutes ago, jawaani_jaaneman said:

We need solutions, that are made for India. 

Indian economy is not too weak to be damaged by a single personality, Nirmala Seetharaman is just an individual after all and she is too weak to damage an economy. The fact is that Indian economy growth has been slowing down for a decade yet has been expanding, the silver lining part. It has reached to a point where it needs another catalyst to keep running for another two decades.

Best case scenario is 5-6% average growth. When it was growing at 8% levels, we should have looked into as to why it is growing at such faster pace than to celebrate. Just look at the interest rates in India when India clocked 8% growth levels, that should explain the reason to be cautious when economy grows faster.

Coming to Pakistan or Afghan, Not a comparable scale. Bangladesh's per capita or IMF's Pakistan issue is independent and cannot be compared to Indian Economy's mess. Per capita is tied to population and when this is used as a scale, India will always lag behind for single reason being population. But compared to size of the economy, Bangladesh will never be able to cross India's economy for the same reason, Population.

Bangladesh has almost 3 times population density than india and yet they are doing better in almost every metric . 

The world is all relative growth 5-6% is just laughable when the Chinese at 5 time sour economy are doing the same . At this rate some states in china will have bigger economies than india in 20-30 years

[Ryzen_renoir]

4 minutes ago, Jambhalheart said:

Hyd. , Vizag, Bza lo real estate rates vintey pichii peaks lo vunnayi. , bubble antunnaru but eppudu burst avthundho ento 

btw, most of software guys I knew had good hikes / promotions in 2020-21 appraisal cycle 

In our company most of the ppl received double digit hike , so this survey is abt those non-IT guys I think

Yes the only sectors that isn't affected much is IT sin e they don't depend on indian economy anyway. 

IT sector although important employs very few people  comparatively