“Could India be Significantly Affected by the Global Recession?” by Akash Banerjee.

by | May 24, 2023 | Recession News | 32 comments




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A Global Recession is coming – it’s a matter of WHEN and not IF – question is how well will India handle this massive storm….??? While the nation is MUCH better off than its global peers & developed economies – the headwinds may be too strong.

Global rating agencies are divided over the question of India. S&P says that India is largely decoupled from the global systems – while Nomura has sharply cut down India’s GDP numbers. Can India come out of this Recession like it did from the 2008 financial crisis? We dig in.

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Credits :
Writer : Akash
Edit : Tushar, Shivam & Khursheed
Thumbnail : Khursheed
Associate Producer : Sahil
Producer : Avishrant

Research :

#globalrecession #india #recession…(read more)


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The world economy is going through a major recession, and it is only natural to wonder how it would affect India. Many economists and analysts have raised concerns about India being hit hard by this global recession, as the country’s economic growth has already been slowing down for a while now. However, there are also reasons to believe that India’s economy may be able to weather the storm.

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Indian economy’s strength

First of all, it is important to note that India has a lot of strength to offer the global economy. India is the world’s sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). India has a large and diverse and domestic market, which makes it less dependent on exports. Moreover, India has a lucrative IT sector that has been thriving despite the global economic slowdown.

India’s demographic dividend

India has a young population, which gives the country an advantage over many developed nations. While other economies are grappling with an aging population, India’s young workforce will drive its economic growth in the years to come. India has a massive pool of talent, which can be used to drive innovation and technological advancements.

Government’s measures

The government has been taking measures to mitigate the impact of the global recession on India’s economy. The Reserve Bank of India has been reducing interest rates to encourage investment and increase liquidity in the market. The government has also released a comprehensive stimulus package to boost spending in various sectors. These measures have helped India’s economy to remain resilient in the face of the global recession.

However, there are still some risks involved. India’s economy heavily relies on remittances from abroad, which could be affected if the global recession leads to job losses for Indian nationals working abroad. Moreover, the continued COVID-19 pandemic has led to a decrease in demand, which could negatively impact India’s export-focused sectors.

Conclusion

In conclusion, while it is true that the global recession will have some impact on India’s economy, the country’s strengths and measures taken by the government give it a fighting chance to weather the storm. The government needs to keep a close eye on the situation and remain proactive in taking measures to mitigate the impact of the global recession.

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32 Comments

  1. DKC

    12:28
    abe tujhe pata bhi hai ki hamari gdp 3 saal me kitni badhi hai
    2020 me covid ke bad hamari gdp 2.67 trillion thi jo ki 40.07% badhkar 3.74 trillion hai 2023 me, it means ham 13.34% salana growth par hai samjha chu**ye. agar meri bat sahi lagi to like karo

  2. Ayush modi

    According to reports India export cross 750 bil $ is it true or, jumla ?

  3. J Valentine

    When your language has no words for Global Recession it makes me very hesitant to believe that India is better off than anyone else . India may well fair better than some others but with the worlds highest population to feed a drop in the GDP could be felt much harder in India than some other smaller populations. If a Global Recession hits then India will not escape altogether , every country will suffer to some degree . What is working in India' s favour is the Worlds slow shift away from Chinese products and towards Indian products . That will help prop up India's economy .

  4. Tom Jason

    No worries for me, I don't try to time the market. When I see that stock drops below its fair value with some margin of safety – I buy. Past 2-3 months have been huge shopping spree for me. I've got literally like 2000$ left of investing cash. Probably I will miss some occasions in the future months, but who cares as long as I got value?

  5. Harpinder Dhaliwal

    Well what is the net Growth of India not Gross?

  6. Rajeev Awasthi

    Sab 2008 mein hamara gdp kewal 1 trillion thha. World bank aur imf ke picche mat Jao Maharaj. Aaj 14 saal bad 3.50 times hain. Kai baar imf aur world bank ne bola india pichhe ho jayega ye ho jayega. Covid mein india mein million mar jayenge lekin kya hua india aaj bhi fastest growing economy hai. Tum kah rahe ho ki indian domestic market mein demand nahin hai lekin foreign companies india ko bada market hai FDI India mein aa raha hai. Tum to aisa bata rahe ho jaise sabse bade economist ho gaye ho

  7. Satender Singh

    India is the most likely country to "take over" the world economy in the next ten years. The global economy is complex and influenced by multiple factors, including economic policies, demographics, technology, and international trade patterns, among others. While India has the potential to become a major player in the global economy, its success will be determined by a number of factors, and it is possible to predict India's future with certainty because there are numerous indexes that show India's positive success. It is important for India to focus on sustained economic growth, investment in infrastructure and education, and the development of a favourable business environment in order to build a strong foundation for long-term success.

    India has been growing rapidly in recent years due to a combination of factors, including:

    Demographic dividend: India has a large and young population that is driving economic growth through increased consumer spending and labour force participation.

    Favorable business environment: India has taken steps to improve the ease of doing business and create a more favourable environment for investment, which has attracted foreign businesses and investors.

    Reforms and liberalization: Over the past few decades, India has implemented a number of reforms and liberalization measures aimed at promoting economic growth, including the opening up of certain sectors to foreign investment, the simplification of tax laws, and the improvement of infrastructure.

    Technological advancement: India has a thriving technology sector with a large pool of skilled professionals, which is driving innovation and economic growth.

    Growing middle class: India's growing middle class is driving increased consumer spending, which is in turn driving economic growth.

    However, sustained economic growth is a complex and multi-faceted process, and India will need to address challenges such as inequality, infrastructure constraints, and human capital development to maintain its growth trajectory.

  8. Rupesh Gawade

    I knew It is propoganda video

  9. Suria Murthy

    We will beat the world by telling more and more lies as we falsely propagated ourselves that india was least affected by corona while Corono bodies floating in Ganges river

  10. Naresh Chugh

    Recession was never predicted before. I think if recession has to come it will come unannounced. Maybe not so soon.

  11. Nithin Moozhikkal

    Thank you for keeping politics out of this episode. A good episode after a long time. Just facts and no BULL.

  12. Karthik mohan

    Please someone tell me abt the pli schemes launched by the govt, I’ve read they are giving massive incentives for investing in india.
    And what abt the mega projects happening left right and centre…if you follow the rail and road ministry, there a dozen mega projects which are being constructed rn.
    And there are many manufacturing hubs related to solar, rail and steel who are establishing factories in India, won’t they create jobs?
    And is it really practical to expect that all the industries will shift from china to India in a couple of years, that too when there is recession predicted around the corner?
    I want to discuss the pros and cons of this govt. the cons are discussed in detail all over the YouTube, but someone tell me abt these pros I mentioned.

  13. Aditya Singh

    Why Covid ?
    Okay from the beginning of 2020 because of the virus there was disruption in global supply chain. Also to sustain the demand side , huge fiscal stimulus was given by all type minor and major economies , supply disruption and fiscal stimulus combined to increase the inflation ( you can feel that in India too ).
    To absorb money and lower inflation, Central Banks across the world is increasing policy rates ( lending rates ) . Thus loan will be more costly, corporations and government will face difficult to repay debt.
    Big corporations and major economies will suffer the most because high debt .
    Mass lay offs are already in news ( mostly in IT sector ).
    Brace for the impact .

  14. Julia M

    With 2270 USD per capita income and 2% middle class forget of discussing Global recession. First feed own people.

  15. Suria Murthy

    Some people have the pleasures of believing in lies and spreading it like how corona was handled

  16. kideo gregor

    It's none of your business….get lost don't disturb us

  17. Suria Murthy

    When corona first came to China, Europe, USA etc. Without taking proper measures,we love our own lies and falsely propagated Corono Will not come to India. After that we had seen to worst level of bodies being burnt Delhi streets to dead bodies dumping in Ganges .India is not an exception to any natural disasters or laws

  18. Aaryan Kirtania

    "But a child would grow, even with malnutrition"

  19. Balveer Damodar

    Nepal and bhutan were already have higher per capita, then why we are worried about Bangladesh now

  20. Farhat Wani

    Legends waiting for market crush

  21. davidjoseph gerald

    THIS PERSON IS THE ONLY ONE WHO IS SAYING IT CORRECT BUT THERE ISSMALL DEBT AND INDIA ECONOMYIS SMALLER THAN OTHER COUNTRIES

  22. Nileshkumar koli

    Bhai aur kyo logo ko IT me dhakel rahe ho…
    Bakike aur bhi acche fields he jaha log kamaa sakate hei aur acche se ji sakate hei. IT me hi Jada layoffs ho rahe hei global recession ke karan kyo unka future kharab kr rahe ho. Life nhi rahati IT me ane ke bad.

  23. GAPJ

    Not aure what exactly are you trying to say? It is necessary to implement CAA and BRC what about rohingyas, haj subsidy, budget allocation for cemetery ?
    And do US have 1000 bill gates ? Non sense stufd

  24. Ali.Believer

    India already in Recession everything tax was increased milk, daily essentials, vegetable oils and petrol clothes Gst tax etc. How can we tell that we are not in Recession.

  25. Tathya Logy

    Good explanation, but such coding platform can give you a job initially but will be impacted by the layoffs that I can guarantee without a proper computer science knowledge!

  26. travel pass time

    Marksheet of modi
    1. Powerful foreign ministry 5☆
    2. Improved trade internationally 4.5☆
    3. IT AND MERCHANDISE Exports doubled in 7 years 4☆
    4. National security with no 26/11 No attack on civilians 4☆
    5. Law and order 3☆
    6. Covid 19 handling 2☆ for 2nd wave
    7. Train 18 and new rails 5.1☆
    8. Bullet train project 5.1 ☆ poor slow implementation
    9. Freight train was never an idea for last gov 5.1 ☆
    10. Roads OMG 5.1 ☆ nobody ever contracted so much and so fast not even china
    11. Rural and urban roads inside cities -3☆
    12. Investment in renewable 4☆
    13. In nuclear energy 1☆ need more
    14. In transmissions 3☆ not so great work
    15. Education great work with NEP 5☆
    16. Building iits iims aiims 5☆
    17. Construction of good schools 0 ☆
    18. METRO 5 ☆
    19. Electric buses 5☆
    20. Skill india 3☆ happed in some pockets but should be more vast
    21. Start ups 5.1☆Fuck we had most sartups and univorns last year in the world and will beat UK to begom 3rd startup hub
    22. Digital india 5.1☆ My mother now uses phone than me
    23. Digital governance – 2☆ still need 1000 proofs to prove i am indian
    24. UPI – 5.1☆ masterstroke
    25. Privatization 2☆ for air india
    26. Farm laws were best but 2☆ no implementation coward gov
    27. Kisan kalyan 3☆ need no freebies but needs support baby
    28. Free homes 5.1☆ my friend got 2.3 laxk support for house
    29. Water taps 5☆ in rural and urabn, har ghar nal scheme
    30. Mudra loans 4☆
    31. Cleaning ganga 3.5 ☆
    32. Distribution of ration 5☆ has improved since bjp
    33. Ports 0☆ no significant upgrades when its most important for economy
    34. Airport 4☆ good but not best
    35. Make in india 4☆ poor implementation
    36. River connection 3☆ needs more waterways
    37. GST 5.1☆ most important financial decision ever
    38. Ease of doing business 5.1☆ great upgrades
    39. Khelo india 5.1 ☆
    40. Jan dhan yojna 5.1 ☆ Masterstroke because direct benifit transfer of money without corruption
    41. Setu bhartam yojna 3 ☆ needs to improve intracity road
    42. Heritage and temple 5☆

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