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 role does consumption play in India's GDP according to the discussion?

How does the speaker view the government's response to the economic crisis?

What are the implications of India's potential credit rating downgrade?