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s5jkJV
No.563194
the window is closing quickly,
if we don't act now, we will forever be a 3rd world shithole
Z58yU0
No.563197
s5jkJV
No.563205
Fuxdcq
No.563222
This matters beyond household balance sheets. Consumption accounts for 60% of India's GDP. India's post-1991 growth model was built on a specific and elegant logic: middle-class spending creates demand, demand creates jobs, jobs create more spending. A virtuous cycle, three decades in the making. That cycle has broken.
There is a cruel paradox at the heart of all this.
India now produces more graduates than ever - over eight million a year. And yet, becoming a graduate actively reduces your chances of finding work. The unemployment rate for graduates stands at 29.1%, nine times higher than for those who never attended school. Education, the defining aspiration of the Indian middle class, has stopped delivering on its promise.
Politically, this class has no champion. With 40 million taxpayers among 970 million voters, the middle class is large enough to bear the fiscal burden of the state but too diffuse to command its attention. Politicians court the poor for votes and the wealthy for funding. The middle class pays for both - and waits.
Hi0FSh
No.563226
>>563194(OP)
>India is seen as geopolitically exposed, especially to an oil shock.
So UAE and other arab countries are not exposed cause of their proximity to iran? Also SEA countries also get oil from middle east some even did partial lockdown and work from home
>investors who were sitting on gains have taken money off the table and are now looking at markets like Japan, Taiwan, Korea, Europe
Japan, Taiwan Korea has china and North Korea threats. Is it not a vulnerability too? Poorope has russian missiles in range. Investors just looking for any excuse
