• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Sunday, January 24, 2021
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Bharat Biotech, covaxin, The Lancet

    India’s Covaxin gets roaring reviews from science journal The Lancet. Bharat Biotech has done us proud

    India, vaccine

    From Brazil to the USA – entire world joins in congratulating India for its leadership in providing vaccine to the world

    farmers, kisan leaders, central government

    The masked gunman who was hired by the govt to kill Kisan leaders was actually hired by Kisan leaders to frame the govt

    Somnath Bharti, Delhi

    Good news for Somnath Bharti, he may be released from UP Jail and sent to Delhi Jail

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Adani, Total, Reliance

    Adani leads India’s alternate energy revolution as Total SE makes a mammoth $2 Billion investment

    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    plan

    Is It Possible to Get Affordable Term Plan Quotes?

    Indian rice, import

    From Southeast Asia to Europe: The World is hungry for Indian Rice and India is ready to feed them

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    fan

    Here’s Why Finding the Right Ceiling Fan is Important

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Bharat Biotech, covaxin, The Lancet

    India’s Covaxin gets roaring reviews from science journal The Lancet. Bharat Biotech has done us proud

    India, vaccine

    From Brazil to the USA – entire world joins in congratulating India for its leadership in providing vaccine to the world

    farmers, kisan leaders, central government

    The masked gunman who was hired by the govt to kill Kisan leaders was actually hired by Kisan leaders to frame the govt

    Somnath Bharti, Delhi

    Good news for Somnath Bharti, he may be released from UP Jail and sent to Delhi Jail

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Adani, Total, Reliance

    Adani leads India’s alternate energy revolution as Total SE makes a mammoth $2 Billion investment

    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    plan

    Is It Possible to Get Affordable Term Plan Quotes?

    Indian rice, import

    From Southeast Asia to Europe: The World is hungry for Indian Rice and India is ready to feed them

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    fan

    Here’s Why Finding the Right Ceiling Fan is Important

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
No Result
View All Result
  Newswire
Indonesia to develop new capital city after vaccine drive 51 mins ago
Global Covid-19 cases top 98.6mn: Johns Hopkins 1 hour ago
US key Covid-19 metrics show decline this week 2 hours ago
Dino James: My idea of music is it should be able to create nostalgia 2 hours ago
Londoners urged to wear masks in open air to curb Covid-19 spread 3 hours ago
At 51, JLo realises she didn’t love herself in her 30s 3 hours ago
Next
Prev

What China owes India: A whopping $180 billion and counting. India must send the bill

With its mishandling of the virus, complicity of the WHO and a full-blown pandemic, China owes India more than $180 billion in damages caused to the Indian economy.

Amit Agrahari
by Amit Agrahari
26 May 2020
in Opinions
0
Xi Jinping, China, WHO, Coronavirus,
495
SHARES
1.7k
VIEWS
Sharre via FacebookShare via Twitter

It has been almost three months since economic activity came to a screeching halt due to the Coronavirus pandemic. So far, more than 55 lakh have been infected by the virus and over 3.5 lakh have died untimely deaths primarily due to China’s authoritarian regime which held back information about the nature of the virus, and used censorship to prevent the truth from reaching the global audience. In the last three months, more than half of humanity is living in some kind of lockdown, thanks to the Communist government of China.

The global lending organization, International Monetary Fund, has estimated that the global economy would shrink by 3 percent or $2.6 trillion in the calendar year 2020 in an economic carnage triggered by the Coronavirus pandemic. Earlier, the global economy stood at $87 trillion in 2019 and was expected to grow by around 3 percent, but thanks to the Chinese government, it is now estimated to shrink by the same figure.

Therefore, the total amount China owes to the world is $5.2 trillion, by initial conservative estimates. This is 40 percent of China’s GDP in 2019.

And what does the Communist nation owe India? So far, India has registered 1.5 lakh cases and more than 4,000 deaths. The recovery rate in India is very high and the mortality rate extremely low, but we paid for a suppressed outbreak with a harsh two and a half months long lockdown.

The Indian economy was expected to grow by 6 percent in the calendar year 2020 on a base of around $3 trillion in 2019, as per IMF estimates. But in April’s World Economic Outlook, the organization reduced the growth figure to 1.8 percent, and given the fact that the lockdown has been extended and cases are growing, the actual growth is expected to be near zero or negative, as argued by RBI.

If we consider that the Indian economy will not shrink but won’t grow either, that means a loss of 6 percent of base GDP in 2019 or $180 billion. So, China owes us $180 billion or an equivalent of West Bengal’s GDP in 2019.

India’s manufacturing activity registered a record decline to 27.4 percent in April from 51.8 percent in March (figure above 50 means expansion and below it means contraction), as per Nikkei Manufacturing Purchasing Manager Index. “After making it through March relatively unscathed, the Indian manufacturing sector felt the full force of the coronavirus pandemic in April,” Eliot Kerr, an economist at IHS Markit, said. This is the lowest ever since the monthly survey began in March 2005.

The service sector, which contributes 55 percent to India’s GDP, also registered a record decline in April. Service sector PMI dropped to from 49.3 in March to a mere 5.4 in April. “The extreme slide in the headline index, which fell by over 40 points, shows us that the strict lockdown measures have led to the sector essentially grinding to a complete standstill. Historical comparisons with GDP data suggest that India’s economy contracted at an annual rate of 15% in April,” said Joe Hayes, an economist at IHS Markit.

The only sector in which activity did not halt is agriculture, and the country registered one of the highest ever grain produce. But given the decline in demand due to halt in industrial and service sector activities, demand is subdued; leading to low prices for produce. And therefore, the farmers would not benefit much from this record-high produce.

The Coronavirus induced lockdown has completely ravaged the Indian economy as well as the global economy. The clampdown on the free flow of information in China by the Communist government is the reason behind the global misery, hunger, job loss, record contraction in the economy, and death of more than 3 lakh people.

For many countries in Europe like the United Kingdom, Italy, Spain, and France, it would take 3-4 years to return to pre-COVID-19 era economically. China has done irreversible damage to these countries and pushed the world back by three to four years, and these countries must demand compensation from China. The Modi government should also send a detailed bill of $180 billion to the Communist government of China.

Tags: ChinaCoronaviruswhoXi Jinping
Share495TweetSend
Previous Post

India’s Zoho, HCL and PeopleLink to work on a Zoom-like App to throw Chinese e-meeting major out of India

Next Post

Xi Jinping will go down in history as the man who destroyed China

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Bharat Biotech, covaxin, The Lancet

India’s Covaxin gets roaring reviews from science journal The Lancet. Bharat Biotech has done us proud

23 January 2021
India, vaccine

From Brazil to the USA – entire world joins in congratulating India for its leadership in providing vaccine to the world

23 January 2021
farmers, kisan leaders, central government

The masked gunman who was hired by the govt to kill Kisan leaders was actually hired by Kisan leaders to frame the govt

23 January 2021
Somnath Bharti, Delhi

Good news for Somnath Bharti, he may be released from UP Jail and sent to Delhi Jail

23 January 2021

Popular This Week

Arnab Goswami, Modi, Pulwama Attack
Trending

It was not just Arnab but 1.3 Billion Indians who knew that PM Modi was going to do something “big” after the Pulwama attack

by Sanbeer Singh Ranhotra
18 January 2021
Imran Khan, Balakot Airstrike, Pakistan, PM Modi
Trending

Imran Khan was trying to “rip into PM Modi”, ended up accepting that IAF bombed the poop out of Pakistan

by Sanbeer Singh Ranhotra
18 January 2021
China, vaccines, India
Trending

China finally admits that it lost the vaccine war to India

by Yash Joshi
22 January 2021
Tandav, social media, ali abbas zafar
Trending

As Tandav director issues a sorry excuse of an apology, its stars share memes on social media

by Abhinav Singh
20 January 2021
Halal, Meat, South Delhi Municipal Corporation
Trending

Restaurants in South Delhi will now have to tell their customers that they are not shoving Halal meat down their throats

by TFIPOST News Desk
21 January 2021

©2021 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2021 TFI Media Private Limited