Topic: April 2021 set a new record India. How much effect in Indian economy? - page 2. (Read 411 times)
May 08, 2021, 02:05:55 AM
India's economic prosperity has stalled since the coronavirus began. India's economic growth in 2020 slowed as a result of a series of lockdowns across India to prevent the first blow of the coronavirus epidemic. India is now on the brink of extinction as the coronavirus epidemic has re-emerged since March 2021. Although strict sanctions such as lockdowns have not been imposed across India, the economic downturn has re-emerged as the coronavirus epidemic has spread and economic activity has been severely hampered by rising mortality rates. According to various analysts at the Central Bank of India, if the coronavirus epidemic is not brought under control quickly, it will take a few years to recover from the current loss if India's GDP will grow 7% in the next few years. Therefore, it can be said that the current coronavirus situation will have a huge impact on the Indian economy.
May 08, 2021, 12:48:10 AM
The cause of India's second wave is that its population simply did not continue to use biosafety protocols. India felt that it had countered the virus by observing the low incidences of infected people. Politicians and religious called meetings and events without taking the rigorous precautions such as social distance and wearing masks, which caused a sad consequence of a high number of infections and with a new, more aggressive and lethal variant of covid19.
https://www.google.com/amp/s/amp.dw.com/en/indias-covid-inferno-why-is-the-second-surge-happening-now/a-57364814
Still there is no sign of precautions or atleast awareness from the people, they ae just roaming around without mask and social distancing is impossible to follow as well. Anyone will the common sense may survive but people who behave like a sheep will be having higher chances to get the covid infections. International community is trying their best to help the suffering people but the worse is yet to be seen as far as I read the news. https://www.google.com/amp/s/amp.dw.com/en/indias-covid-inferno-why-is-the-second-surge-happening-now/a-57364814
May 08, 2021, 12:42:10 AM
As one of the speakers in a conference I've attended recently said about India, it is a rich country with an aggressive economy paired with a government that has its focus astray from the rest of the population. The ones paying their taxes are always on point, while the government handling the taxes seem to not put it to good use, especially on more pressing and urgent matters such as the COVID situation. It doesn't really matter if the tax collection of the gov't is more efficient and net more figures if the proceeds will not be put to good use.
The current political party ruling our country is the most arrogant government in the history of free India, they don't listen, their problem is they don't have a little bit of empathy and they think whatever decisions they make is the final, which is clearly not even when they are faced with facts they turn away from them. It's like Donald Trump but with many Trumps at the same time!
May 08, 2021, 12:16:33 AM
seeing the current situation in India is clearly very sad, every day the cremation process is increasing so that it is increasingly difficult for its citizens to get fresh air, on the other hand they have to continue to fight against Covid, but the impact of Covid itself has greatly affected the air population. It would be nice if someone who died from Covid was immediately buried to reduce the air population. The downturn that occurred in India is certainly bad for its economy, the Indian government must act decisively by implementing strict health protocols.
Dead bodies are cremated according to the Hindu ritual and it is suitable for a country such as India which is rapidly running out of space. Cemeteries take up a lot of space and they are not suitable for India. BTW, I don't think that COVID 19 has increased the air pollution in the form of additional cremations. Everyday, some 30,000 people die in India and the deaths from COVID 19 represents only 10% of this number.
May 07, 2021, 10:46:34 PM
April 2021 set a new record of Rs. 1,41,384 crore in GST collection in india.
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
The finance ministry said in a statement.
IT good for county economic?
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
The finance ministry said in a statement.
IT good for county economic?
seeing the current situation in India is clearly very sad, every day the cremation process is increasing so that it is increasingly difficult for its citizens to get fresh air, on the other hand they have to continue to fight against Covid, but the impact of Covid itself has greatly affected the air population. It would be nice if someone who died from Covid was immediately buried to reduce the air population. The downturn that occurred in India is certainly bad for its economy, the Indian government must act decisively by implementing strict health protocols.
May 07, 2021, 10:39:08 PM
Good healthcare system? You must be joking! Have you not seen the numbers of covid incidence and death rate? They have public healthcare, which is free and available to every citizen, yes, but the quality of the services given should be put in question.
As far as I know, only lower-class individuals (which is the majority in India) use public healthcare, while the upper class prefers private clinics. Wonder why?
The only reason why tourists are so attracted to India in terms of medical services is that it's very cheap. And, maybe, as compared to many African countries is somewhat better. But, in general, it is horrible.
As far as I know, only lower-class individuals (which is the majority in India) use public healthcare, while the upper class prefers private clinics. Wonder why?
The only reason why tourists are so attracted to India in terms of medical services is that it's very cheap. And, maybe, as compared to many African countries is somewhat better. But, in general, it is horrible.
Well.. public healthcare remains in a poor state in most of the populous states. But in the smaller states, it is in good condition. But there is a wide gap between private sector and the public sector. The private hospitals in India are some of the best in the world, and the cost of treatment is much lower when compared to the other countries. The poor state of public hospitals can be attributed to the population explosion. The population is growing at such a steep rate, and the government is unable to set up hospitals which could accommodate everyone. Also, due to the low wages a lot of medical professionals chose to migrate to Western or Middle eastern nations.
May 07, 2021, 07:06:51 PM
The cause of India's second wave is that its population simply did not continue to use biosafety protocols. India felt that it had countered the virus by observing the low incidences of infected people. Politicians and religious called meetings and events without taking the rigorous precautions such as social distance and wearing masks, which caused a sad consequence of a high number of infections and with a new, more aggressive and lethal variant of covid19.
https://www.google.com/amp/s/amp.dw.com/en/indias-covid-inferno-why-is-the-second-surge-happening-now/a-57364814
https://www.google.com/amp/s/amp.dw.com/en/indias-covid-inferno-why-is-the-second-surge-happening-now/a-57364814
May 07, 2021, 06:59:02 PM
We all know when a country experience crisis like how covid devastated them today, the business will not boom. The businesses will close its stores and establishment to avoid risk. And if the currency still rises, it's not normal.
Its always going to go along with how the economy works. With how many deaths there and panic, I don't think business will work well there.
May 07, 2021, 06:53:14 PM
The current state isn't a healthy one but they don't have choice than to close down the parts of the country. It's a terrible idea but very essential for everyone safety.
I can still remember everything I went through during the first covid 19 general lock down, it was a terrible experience that range from trauma of thinking the world is coming to an end to how many weeks of stay at home without seeing some friends. Many virtual online chat, here and there but the wait worth because I never had any friends been tested with the virus.
I wish Indians quick recovery and I hope it doesn't stay long.
I can still remember everything I went through during the first covid 19 general lock down, it was a terrible experience that range from trauma of thinking the world is coming to an end to how many weeks of stay at home without seeing some friends. Many virtual online chat, here and there but the wait worth because I never had any friends been tested with the virus.
I wish Indians quick recovery and I hope it doesn't stay long.
May 07, 2021, 06:32:37 PM
In the case of India, I use to read of it having a fairly good health care system and most of the African countries go on medical tourism to India. This is suppose to be a very good source of income to India if they manage that well.
Good healthcare system? You must be joking! Have you not seen the numbers of covid incidence and death rate? They have public healthcare, which is free and available to every citizen, yes, but the quality of the services given should be put in question. As far as I know, only lower-class individuals (which is the majority in India) use public healthcare, while the upper class prefers private clinics. Wonder why?
The only reason why tourists are so attracted to India in terms of medical services is that it's very cheap. And, maybe, as compared to many African countries is somewhat better. But, in general, it is horrible.
May 07, 2021, 02:55:28 PM
As one of the speakers in a conference I've attended recently said about India, it is a rich country with an aggressive economy paired with a government that has its focus astray from the rest of the population. The ones paying their taxes are always on point, while the government handling the taxes seem to not put it to good use, especially on more pressing and urgent matters such as the COVID situation. It doesn't really matter if the tax collection of the gov't is more efficient and net more figures if the proceeds will not be put to good use.
May 07, 2021, 02:40:13 PM
India has one of the worst economic models in the world. Only around 2% of the population pays income tax and these people are treated like untouchables in India. The so called "salaried class" is not regarded as a powerful voting block, and therefore they have to deal with ever increasing taxes with every passing year. The increase in GST collection shows that the economy is in good shape despite the pandemic. People are working from home, and therefore able to save more money. But the model will not remain sustainable for long, if the government fails in expanding the tax-payer base.
I read that the general tax model for India looks like this:
- All individuals pay up to 30% of personal income. According to the scheme:
Income level, drachmas / Duty,%
0 - 200000 = 0%
200001 - 500000 = 10%
50,0001 - 1,000,000 = 20%
Over 1000001 = 30%
- For legal entities, an interest rate of 30-42% is provided for local and foreign enterprises, respectively.
- The rate on capital gains depends on the type - short-term or long-term. The taxation rate is from 10 to 20%.
- The VAT rate varies from state to state and is 16-20%. Charged only on goods.
State duty - 500 Indian rupees and one document, stamp duty is levied in the amount of 0.5-7%.
The scheme looks generally logical and it cannot be said that it is "the worst". Maybe it's just not being performed, did you mean that?
May 06, 2021, 12:23:19 PM
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
Hope you are well aware of the present situation when people are dying in the streets and it should be said that almost of the businesses are closed because the pandemic situation and do you think they will be pulling good numbers for the past one and a half years, everyone is suffering and we are in a country where the Prime Minister thinks that other states represents other countries which are against their concept of ideology and they are not doing their work as the ruling party and so is the reason we are seeing these pathetic situation as they never did anything even if they had the time to prepare for the second wave. Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
Do you think these are not affecting everyone's life including the businesses and the small scale businesses will be suffering the most and there is no vision what so ever on how to help these struggling business owners either.
May 06, 2021, 10:55:21 AM
I don't think we can appreciate the government for this, on an individual level, Indians are becoming non-corrupt day by day, and as the economy become more cashless, I am very optimistic about the future of the country. Despite having been hit with this second wave, the country is still saying strong even though the BJP party is very anti-common people and knows nothing but politics on religion, the major part of the country is not falling for their agenda and on a fundamental level doing their best to stay strong and fight back the virus.
May 06, 2021, 10:35:44 AM
Moreover, religions are also a big issue. India has more than 5 religions and subcultures which prevent them from deploying fast and flexible regulations. I just hope that the country will soon overcome the disaster and I believe they have learned enough from this event. Reformation is needed
This seems to be a really big problem from my view too (other than the very basic education needs that will fix a lot of things bottom up). Every political party seems to really want to use religion, pitting Indians of different faiths against each other, and cherry picking to present cases for or against reforms (including even economic reform). Even Bitcoin's not safe from judgment of invisible people in the sky, it seems.
May 06, 2021, 04:03:29 AM
That doesn't make much sense when money is concentrated in one place, and this goes against what we'd expect from decentralization. I love the people and their countries, but it's about culture, not the economic development that is currently there. Arguably they were the worst planning country I knew of, this outbreak I saw them losing more control. And I am envisioning a complete economic collapse in their time to come, their leaders will be the ones responsible for this, a country that leads to such a situation. It can only be that the leaders do it wrong, and I am quite serious about saying their leaders are having a strategy to build the economy and protect the people stupidly. What I am looking forward to for the rise of India is unlikely to happen.
May 06, 2021, 03:40:43 AM
I think the next GST (Return) cycle are going to be the devastating one for India. This one covered a period where the impact of Covid was not so severe, but the next cycle will definitely not be the same. India will receive pressure from other countries to impose a national lockdown and if that happens, the economy will suffer. (Companies closing and lots of job losses)
A lot of the budget is also going to be redirected towards strategies to stop the spread of the virus. (Large amounts of PPE's and also vaccines) ..so that money has to come from somewhere or service delivery will have to suffer.
A lot of the budget is also going to be redirected towards strategies to stop the spread of the virus. (Large amounts of PPE's and also vaccines) ..so that money has to come from somewhere or service delivery will have to suffer.
May 06, 2021, 03:18:05 AM
There are too many problems in India and the new wave of pandemic just exploits everything. From the outside, India makes others believe that they are a good country which provides subsidy and vaccination while from the inside, the government is rot. There is no powerful policy to improve the economy while more than half living under conditions.
Moreover, religions are also a big issue. India has more than 5 religions and subcultures which prevent them from deploying fast and flexible regulations. I just hope that the country will soon overcome the disaster and I believe they have learned enough from this event. Reformation is needed
Moreover, religions are also a big issue. India has more than 5 religions and subcultures which prevent them from deploying fast and flexible regulations. I just hope that the country will soon overcome the disaster and I believe they have learned enough from this event. Reformation is needed
May 06, 2021, 03:07:18 AM
The Indian economy is currently getting screwed by the 2nd wave and the lockdowns in different states are making things worse to an extent.
I expected the Indian economy to slowly and steadily recover this year just like other countries, but I never expected the 2nd wave to be more brutal than the first. The Modi Government are being criticised from all corners of the world for letting things get out of hand in this manner.
I don't live on India so I don't have the full grasp of the situation in terms of politics and society there but from what I have heard, the second wave could have been prevented if that one big gathering was prevented from happening. This is going to cause the recovery to go slower unless the government improves their responses. I expected the Indian economy to slowly and steadily recover this year just like other countries, but I never expected the 2nd wave to be more brutal than the first. The Modi Government are being criticised from all corners of the world for letting things get out of hand in this manner.
May 06, 2021, 03:03:20 AM
India might be able to collect taxes on time but the situation there is not acceptable for a rich country who spend a lot of money for their militarization. This shows how India handle the situation and they are failing big time on controlling the pandemic problem. Indian people still living like there's no virus and recently, I saw a big gathering on their place which they've said was for their religious belief which I think, can still be celebrated without gatherings, now this is the result, a big surge on the Covid-19 patients.
The economy of India will be affected on this since people and investors will panic, and many will just wait for India to recover but no one can tell until when as long as they didn't act to contain the virus, they are now calling for a full national lockdown, expect businesses to stop their operation and those collected taxes will be used for their relief operation, they should increase the bed capacity of their hospitals ASAP.
The economy of India will be affected on this since people and investors will panic, and many will just wait for India to recover but no one can tell until when as long as they didn't act to contain the virus, they are now calling for a full national lockdown, expect businesses to stop their operation and those collected taxes will be used for their relief operation, they should increase the bed capacity of their hospitals ASAP.
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