With such a hopeless incompetent man at the helm of affairs in India, how will the country cope with its economy after the Covid situation is over.
There are only two likely scenarios: The effect of this prolonged economic strain will require a massive government stimulus. Given their record, this is not likely to happen. So the private sector has to shoulder the entire recovery burden. This sector has shown its almost super ability before. In fact India’s economic rise was due to the private sector being allowed to do what it does best by Manmohan Singh without any interference. Modi just reaped the benefits of it. The other scenario is a convergence of the perfect storm. Modi hobbles the private sector with all kinds of obstacles and massive bumbling like demonetization. China takes advantage of India’s vulnerability after the pandemic and sabotages its recovery with getting the Silk Route on the road and calling in markers from countries that owe it big favours or need Chinese munificence in their own recovery. Lastly civil unrest and dissatisfaction in India with complete trust lost in the Govt. After all people cannot be fooled all the time. As for me my bets are on an Indian recovery after enduring years of pain and struggle. Who knows something may come out of a New India like after a bath that washes out the grime of corruption. Roland. Toronto.
