5 ms·

Bloomberg Article – Why I’m Losing Hope in India

13 points by ackbar03 6y ago

cinquemb 6y ago
> institutions have decayed and the economy’s structural deficiencies have worsened > Zombie business groups are perched atop the debris of debt-fueled expansion > inept authoritarianism > But not much is being done to revive demand, either in the short or the long run. > The state, we hoped, would shrink as an economic player, and become a more robust referee. > the government’s whimsical decision-making has intensified. Don’t like what a consumption survey shows? Suppress it. Getting flak for a slowing economy? Publish unbelievably rosy GDP data. > Homebuyers don’t trust builders to deliver homes; financiers don’t trust property developers to repay loans. The government doesn’t trust either the builder or the lender. Nobody trusts politicians > One, how will supply-side reforms fill the demand gap? Two, when will the broken financial system be made whole? Going to have to lose hope on a lot more countries than just India… these things can be said/asked for pretty much everywhere… and the whole covid situation has pretty much accelerated a lot of the above
known 6y ago
Modi regime in India is intentionally keeping people poor/starving https://archive.is/6eE5g https://archive.is/6eE5g https://en.wikipedia.org/wiki/Currency_in_circulation#Total_currency_in_circulation https://en.wikipedia.org/wiki/Currency_in_circulation#Total_...
- gtyras2mrs 6y ago
  > https://archive.is/6eE5g https://archive.is/6eE5g > "India Is Letting Grain Go To Rot—While Thousands Of Indians Die Of Malnutrition Every Day" While is true - this is a systemic problem much older than Modi. Also FYI article is from 2012, Modi became PM in 2014. While I believe the Modi government has behaved dangerously and has pushed several harmful ideologies and policies - this particular problem with food distribution is older than his regime.
- jagannathtech 6y ago
  This is baseless slander.

5 ms·

Bloomberg Article – Why I’m Losing Hope in India

13 points by ackbar03 6y ago

cinquemb 6y ago
> institutions have decayed and the economy’s structural deficiencies have worsened > Zombie business groups are perched atop the debris of debt-fueled expansion > inept authoritarianism > But not much is being done to revive demand, either in the short or the long run. > The state, we hoped, would shrink as an economic player, and become a more robust referee. > the government’s whimsical decision-making has intensified. Don’t like what a consumption survey shows? Suppress it. Getting flak for a slowing economy? Publish unbelievably rosy GDP data. > Homebuyers don’t trust builders to deliver homes; financiers don’t trust property developers to repay loans. The government doesn’t trust either the builder or the lender. Nobody trusts politicians > One, how will supply-side reforms fill the demand gap? Two, when will the broken financial system be made whole? Going to have to lose hope on a lot more countries than just India… these things can be said/asked for pretty much everywhere… and the whole covid situation has pretty much accelerated a lot of the above
known 6y ago
Modi regime in India is intentionally keeping people poor/starving https://archive.is/6eE5g https://archive.is/6eE5g https://en.wikipedia.org/wiki/Currency_in_circulation#Total_currency_in_circulation https://en.wikipedia.org/wiki/Currency_in_circulation#Total_...
- gtyras2mrs 6y ago
  > https://archive.is/6eE5g https://archive.is/6eE5g > "India Is Letting Grain Go To Rot—While Thousands Of Indians Die Of Malnutrition Every Day" While is true - this is a systemic problem much older than Modi. Also FYI article is from 2012, Modi became PM in 2014. While I believe the Modi government has behaved dangerously and has pushed several harmful ideologies and policies - this particular problem with food distribution is older than his regime.
- jagannathtech 6y ago
  This is baseless slander.