Is India Facing a Total Economic Collapse? -- How could Gold Save India .

Is India Facing a Total Economic Collapse - How could Gold Save India - 50,250 views - Premiered on 8 Nov 2019

Is India Facing a Total Economic Collapse?

How could Gold Save India

India's independence was around the same time as the founding of the People's Republic of China.

In the beginning, India was in much better condition than China in both economic strength and international environment, But, 70 years later, with nearly the same population, China's economy is more than four times the size of India's economy.

The level of infrastructure and welfare of the people in China and India is not at the same level at all. The living gap between the ordinary people of China and India is evident.

What's more, the gap between China and India today is not shrinking but widening. This reality requires Indian intellectuals, especially Indian rulers, to think deeply and not to put all the good and evil into the game of democracy, satisfaction, and democracy as the world becomes more open, and nations connect and understand each other more deeply, Indians, especially Indian intellectuals, cannot pass the time while laughing at China's dictatorship and appreciating the superiority of Indian democracy.

Financial News,economic collapse,China trade war,Stock Market Crash,market crash,zerohedge,x22report,money GPS,Dahboo77,Epic Economist,documentary,Greg Mannarino,economic collapse confirmed,India,Bank Run,Bail-Ins,PMC Bank,Mumbai,Punjab Maharashtra Co-operative Bank,Reserve Bank of India,RBI,Housing Development and Infrastructure Ltd The Indian economy is heading for “major depression,” and it can “crash” soon if efforts are not put to revive it, BJP leader Subramanian Swamy has said. The Rajya Sabha MP had written a 16-page letter to Prime Minister Narendra Modi, warning him about the economy, which is in a “tailspin.”

“Today, the economy is in a tailspin. Yes, it can crash. We need to do a lot of good things to revive the economy. Even a tailspin can be made to steady. If nothing is done, we are heading for significant depression. There will be a mass scale. Banks might collapse, factories might start closing,” he said in an interview to CNN-News18 recently.

Earlier this month, the government had revealed that the unemployment rate in the country is higher than it has ever been.

Indian government claims that India is growing at 7%, Arvind Subramanian; a well-known economist argued that It’s growing at around 4.5%.

The crisis brewing within the Indian economy has gained unanimous acceptance by now. Even the latest annual report of the RBI for the fiscal year 2018-19  confirmed that the Indian economy has indeed hit a rough patch.

The GDP growth rate of the economy has slipped to 5 percent in the first quarter of FY20, the lowest in over six years.

This is an indication of tougher times ahead. Be it the recent collapse of the automobile sector or the rising number of non-performing assets (NPAs), sluggish consumer demand, or failing manufacturing sector; all have a hand in this deceleration of growth.

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