India's Economy is in Shreds, TS Lombard's Deveshwar Says

The video discusses the economic challenges India faces due to the pandemic, highlighting a pre-existing slowdown exacerbated by COVID-19. It emphasizes the need for a balanced policy response, focusing on fiscal measures to support recovery, especially for SMEs. The discussion also touches on potential economic reforms and the importance of self-reliance. Concerns about India's credit rating and the necessity for a long-term fiscal consolidation plan are also addressed.

What was one of the major economic challenges India faced entering the pandemic?

• High inflation rates

• A slowdown in GDP

• Increased foreign investment

• Surplus in government spending

What has been the primary focus of the policy response so far?

• Fiscal measures

• Trade policies

• Environmental regulations

• Monetary measures

What is a key factor that the government needs to address to support SMEs?

• Increasing import tariffs

• Reducing interest rates

• Providing direct cash support

• Expanding export markets

What percentage of the workforce in India is employed by SMEs?

• 40%

• 20%

• 80%

• 60%

What is one of the proposed changes to make India's economy more self-reliant?

• Raising export taxes

• Decreasing domestic production

• Reducing import dependence

• Increasing import dependence

What is a potential risk for India's credit rating in the coming months?

• Being upgraded to AAA

• Being downgraded to junk

• Receiving a positive outlook

• Maintaining the current rating

What is necessary for India to avoid a downgrade in its credit rating?

• Increasing import tariffs

• Reducing government spending

• A long-term fiscal consolidation plan

• Increasing public debt