Biden certainly has botched the Afghanistan test. But he will have no room or time for any faux pas while rescuing the US economy. It can push the economy into a deep recession.
Indian economy is in much better shape today than what it was in 1991 when a balance of payment crisis loomed largely and there was a chance that India might default on the payment of its external debts.
We will have to understand economics in right perspective as Arthshastra which originated in India. The primary focus of which was human happiness index and was largely successful for many centuries without huge recession.
While 190+ countries have been effected by the pandemic none of the business centers in and around Wuhan, the epicenter of the virus have been effected.
An under employed person is product of an in-efficient system, prevailing since Independence. With our expertise in governance and resource availability this problem can be handled.
U.S. economic outlook is healthy and it should continue to act as the main sustaining force for the global economy unless some failures in individual markets and institutions suddenly and rapidly evolve and spread over the global economy.
The piling up of inventory with the dealers and manufacturers of automobiles are cited as clear indicators of the bad climes we were in. However, the efforts that the present govt is putting is worth appreciating.
The large NPA that we suffer are largely the PONGAL gift of UPA1 and 2 as the ministry of finance in UPA 1 and 2 was handled by who is well known to the world.