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Economy => Economics => Topic started by: so98nn on March 24, 2020, 05:19:34 PM



Title: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: so98nn on March 24, 2020, 05:19:34 PM
Respected Prime Minister of India has declared Complete Shut Down of "India"

It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

Moreover, internal sources suggest that this lockdown is going to be extended further more if situation of corona doesnt follow within control. This is crazy decision has shaken the whole India for sure and its gonna create economic crisis! People wont be having any money after a month to spend for daily needs, industries wont be paying to employees because there is no business, which means no money outflow-inflow!

What would be the outcome of this unexpected situation of India and people in it?


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Vishnu.Reang on March 24, 2020, 05:41:43 PM
Authorities have said that people should not step outside their houses. This is impractical as well as unenforceable. In a country of 1.4 billion people (including some 30 million illegal immigrants), how can the authorities make sure that everyone stays at home? Even if this lock-down succeeds, I am not sure whether everyone is having enough food and other essential supplies with them to survive for that long.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Findingnemo on March 24, 2020, 06:17:08 PM
China did the same to control the corona spread so country like India also forced to do that complete lockdown to shutdown the community spread hour it will create more serious mortality rate compared to other developed Nations so show the leader decided to to take risk with the economy not with the people health care.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Febo on March 24, 2020, 06:32:04 PM
It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

LOL man, it is happening all over world. It is not as big as it was 2 months ago in China. Now lock downs are an usual thing. It can even happen that regions in India with most infected gets under the quarantine.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: so98nn on March 24, 2020, 06:32:28 PM
Authorities have said that people should not step outside their houses. This is impractical as well as unenforceable. In a country of 1.4 billion people (including some 30 million illegal immigrants), how can the authorities make sure that everyone stays at home? Even if this lock-down succeeds, I am not sure whether everyone is having enough food and other essential supplies with them to survive for that long.

Actually they are already taking precautionary steps such as life saving and perishable stuff is allowed to be sold but with lot of limitations.

Strong rules have been imposed to across the country so that socialisation wont happen and there will be ZERO face to face contact minimising the risk of contagious disease.

Though India's population is large then also police force is working harder on them, literally hitting the people badly but for the purpose of good.

But, we cant predict how it will impact the whole economy stuff and that is what i want to know, how, and how badly?


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: so98nn on March 24, 2020, 06:34:23 PM
It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

LOL man, it is happening all over world. It is not as big as it was 2 months ago in China. Now lock downs are an usual thing. It can even happen that regions in India with most infected gets under the quarantine.


So what are the statistics of them and how you co-relate it to Indian situation?

Considering that India is densely populated with most of the base serving average employment with mid level salaries.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Ryutaro on March 24, 2020, 06:41:54 PM
It is the best solution needed to control the spreading of the virus that comes at a very high economic cost, such a hard decision must be taken after a lot of thinking and analyzing of the situation locally and worldwide and preparing solutions to the upcoming days, but, it is the only one that can minimize the consequences IF the procedure is respected by all citizens or it will the situation will be uncontrollable like Italy or France.

Many countries have made the same procedure, the government was forced to help institutions from bankrupting by postponing the paying of taxes and providing free interest credit for poor families, without this, people will get crazy about the situation and full panic will take place.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Golftech on March 24, 2020, 06:52:00 PM
Tough decision for the leader but it's for the best interest of the whole nation. The Corona virus is really harming everyone and if this virus already inside the country the only thing to prevent a much bigger damage is to implement total lockdown.
It will bring economic problem but it's the only solution where there's no cure yet to this pandemic virus, The people around should follow this call in order
to save more lives.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: tomahawk9 on March 24, 2020, 07:12:49 PM
Here's a link to the news: https://www.cnbc.com/2020/03/24/coronavirus-indias-prime-minister-orders-nationwide-lockdown.html

It's obvious that there's going to be an unprecedented economic crisis in this country, real question is how long could it last? Is the indian govt prepared to face such crisis? What are they going to do about the SMEs?

Btw, it'll be interesting to see if this could have an impact on the cryptocurrency market in the short-term. Not too long ago, the pseudo ban on crypto trading in India was lifted[1] which many people in the cryptosphere saw as bullish news. But now, with a complete lockdown in a country with 1.3 billion people, who knows what effects could have in the local crypto industry as well the global cryptocurrency industry.


1. https://www.coindesk.com/indias-supreme-court-lifts-banking-ban-on-crypto-exchanges


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: avikz on March 25, 2020, 04:55:00 AM
Respected Prime Minister of India has declared Complete Shut Down of "India"

It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

Moreover, internal sources suggest that this lockdown is going to be extended further more if situation of corona doesnt follow within control. This is crazy decision has shaken the whole India for sure and its gonna create economic crisis! People wont be having any money after a month to spend for daily needs, industries wont be paying to employees because there is no business, which means no money outflow-inflow!

What would be the outcome of this unexpected situation of India and people in it?


First you need to understand why India had to do this. India is a densely populated country with 455 inhabitants per square kilometer. If Covid-19 starts spreading like Italy in India, it would kill millions of people in no time! India doesn't have the health care facilities like other first world countries so this is the best we can do at this moment, keep social distance to ensure the virus stays at bay!

Once the situation is controlled, government will have to declare stimulus packages to strengthen the economy. There are several areas that can be recovered from financial crisis through such stimulus packages.

Right now, we can just follow what government orders us to do. Save your life first. You will earn money later once everything normalizes.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: mu_enrico on March 25, 2020, 07:44:39 AM
It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!
Confirmed https://twitter.com/UN_News_Centre/status/1242622226525900800
What a video posted there!

It's understandable for a country like India with the second-biggest population to do this curfew. It's sad, and I expect Indonesia also will do similar action since our healthcare system is considered weak. If the virus can wreak havoc in strong healthcare countries, it would be more devastating here.

Crisis? Maybe, at least economic slowdown globally.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: palle11 on March 25, 2020, 08:29:30 AM
Shutting down is not crazy and it the best solution to curtail the spread of corona virus. To be alive is better than rubies. Thus, what the government need to do therefore is to move in with immediate relief to the people like food, sanitizers , money either through bank account transfers so that people can get some other needs pending the solution for the cure of the virus.
Meanwhile, India is not the only country on this too.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: exstasie on March 25, 2020, 08:55:17 AM
It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

Moreover, internal sources suggest that this lockdown is going to be extended further more if situation of corona doesnt follow within control. This is crazy decision has shaken the whole India for sure and its gonna create economic crisis! People wont be having any money after a month to spend for daily needs, industries wont be paying to employees because there is no business, which means no money outflow-inflow!

I'm sure the decision wasn't taken lightly. Do you want 3 weeks of lockdown now, or months of uncontrolled epidemic later? The experiences of Italy and NYC show what happens when you wait and do nothing.

I just wonder if Indians will comply. The order doesn't even seem to allow people to leave their house for food....


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: freedomgo on March 25, 2020, 09:11:53 AM
Economic crisis would certainly happen, but the government is doing the right thing, we can't choose between money and health here, of course the government will always prioritize the health of the people even if that would result to the collapse of the economy.

India's number of cases is still small, but we've seen what happen to other countries, the government are just preventing more damage, so I think we should just cooperate with this.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: abhiseshakana on March 25, 2020, 05:12:35 PM
Respected Prime Minister of India has declared Complete Shut Down of "India"

It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

Moreover, internal sources suggest that this lockdown is going to be extended further more if situation of corona doesnt follow within control. This is crazy decision has shaken the whole India for sure and its gonna create economic crisis! People wont be having any money after a month to spend for daily needs, industries wont be paying to employees because there is no business, which means no money outflow-inflow!

What would be the outcome of this unexpected situation of India and people in it?


India has experienced a number of epidemic outbreaks starting from HIV in 1984 that were not detected in India. Nipah virus in 2001 was not detected and diagnosed. In 2002-2003 India survived the SARS virus epidemic because it followed the WHO protocol for screening air travelers from infected places, and testing and quarantining those suspected of being infected. All nations followed the protocol, and the spread of SARS coronavirus was interrupted by mid-2003.

In 2009 India failed to prevent the spread of H1N1 virus. What was appropriate for SARS prevention did not work for the flu. Globally, the virus has stayed on as endemic or seasonal. COVID-19 is closer to the H1N1 flu pandemic, which has persisted as seasonal flu. Like with the H1N1, the virus can escape detection in spite of screening. India must anticipate widespread transmission and eventual endemic persistence.

India is actually enjoying a demographic bonus at the moment because many of its population are in productive age. A large number of productive ages is maintained by the Indian government as one of the reasons for locking down because if the coronavirus becomes a pandemic in India, the Indian economy will experience a very deep setback. Besides this productive age is actively mobilizing so that the risk of spreading the virus will be even greater.


LOL man, it is happening all over world. It is not as big as it was 2 months ago in China. Now lock downs are an usual thing. It can even happen that regions in India with most infected gets under the quarantine.

Not all countries do the same thing as India. Indonesia despite the positive case of the corona has reached 790 people with a high mortality rate (7.3% for now, but it has reached 9.3% in the last few days), but the government still does not lockdown on the grounds of chaos and lack of distribution of basic needs to water especially for the capital area which still relies on supplies from outside the region.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: hahay on March 25, 2020, 07:40:23 PM
The impact will obviously affect the economy but I don't think it will matter if the aim is to stop the spread of coronavirus, all major efforts continue to be made in other countries and in my opinion the economy can still be fixed quickly when the coronavirus problem can be resolved quickly. So doing lockdowns and other efforts I think is something that really needs to be done now because after all, this epidemic must be destroyed as soon as possible.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: LazerSMS on March 25, 2020, 07:46:04 PM
It just can't work in a very poor country where people lack savings and most live day by day, we are going to see some Corona revolutions in places where anger will turn into anti government sentiment


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Meowth05 on March 26, 2020, 05:13:43 AM
If the government has a cleàr plan on what to do with the crisis, like relief operations for people that are in lockdown.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: el kaka22 on March 26, 2020, 05:29:27 AM
I am not entirely sure if you can keep over a billion people at home all the time, there must be some sort of stuff that makes sure that some people go out, like in Italy perhaps? Like maybe one person from each household could get a paper and go out and do their shopping, and people who are living in vital sectors such as grocery stores and hospitals all are going to work as well, maybe bus drivers and many others so forth.

So, basically the country can't be in "complete shutdown", that is usually done during military coup where you literally keep EVERYONE at home, this is more like medical shut down, where only the "have to" people go out but rest are suggested to stay at home. Which of course would hurt the economy but at the same time saving lives are much more important.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: senin on March 26, 2020, 05:36:31 AM
Authorities have said that people should not step outside their houses. This is impractical as well as unenforceable. In a country of 1.4 billion people (including some 30 million illegal immigrants), how can the authorities make sure that everyone stays at home? Even if this lock-down succeeds, I am not sure whether everyone is having enough food and other essential supplies with them to survive for that long.
Now many states are taking such measures and recommending that the population not leave their homes. I still do not remember that such measures were taken earlier on a global scale. On the other hand, there is now a sharp improvement in the environmental situation on the planet, air and water are being cleaned, and at a very fast pace. Many forecasters predict that our world will no longer be the same, it is changing and is changing irrevocably. At the same time, we are being watched closely now: in near-Earth orbit it fixes directly clusters of alien ships. Something serious is happening or is about to happen soon. Some say that a large asteroid is likely to fall to Earth. There are several of them at once. One thing is clear: if we want to survive, we must unite and act together.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Argoo on March 26, 2020, 05:59:36 AM
If  do not take quarantine measures, then in such a densely populated country like India tens of millions of people will die out. Therefore, such measures are justified. Moreover, quarantine for the entire population on a state-by-state basis is now accepted in many countries. People here already need to choose: it is foolish to die or to limit yourself for some time in food and other ordinary conveniences.
However, along with this, in all states, the economies are falling, apparently, we can’t avoid the global economic crisis in the near future, or maybe something worse.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: exstasie on March 26, 2020, 09:57:49 AM
So, basically the country can't be in "complete shutdown", that is usually done during military coup where you literally keep EVERYONE at home, this is more like medical shut down, where only the "have to" people go out but rest are suggested to stay at home.

From what I've read, there weren't even arrangements in the lockdown order for people to go out and buy food.

The police are enforcing the order harshly. A West Bengal man went out to buy milk earlier today and was beaten to death by police. https://www.indiatoday.in/india/story/bengal-man-who-was-out-to-buy-milk-dies-after-being-beaten-up-by-police-1659842-2020-03-26

More examples of police violence here: https://nypost.com/2020/03/25/police-in-india-use-force-on-coronavirus-lockdown-violators/

I guess that's one way to keep people inside.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: mu_enrico on March 26, 2020, 10:58:16 AM
^to be fair, not that I endorse this stupidity (shaming and not so serious beating), but the victims were already sick before the event.

Quote
"On March 25, 2020, around 7.30pm he lost consciousness and fell inside the bathroom. He lost consciousness because he was suffering from chronic diarrhoea for the last 14 days. Later, he suffered a massive cardiac arrest and was declared brought dead in a nearby government hospital," said Medical Officer Tanmay Sarkar in the report.
https://www.news18.com/news/india/post-mortem-report-says-man-who-violated-howrah-lockdown-died-of-cardiac-arrest-cops-deny-assault-2552211.html

It's shame in 2020 we still see this kind of violence. Imagine being dehydrated because 14-days of diarrhea and had to do push ups.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Twentyonepaylots on March 26, 2020, 03:19:43 PM
So, basically the country can't be in "complete shutdown", that is usually done during military coup where you literally keep EVERYONE at home, this is more like medical shut down, where only the "have to" people go out but rest are suggested to stay at home.

From what I've read, there weren't even arrangements in the lockdown order for people to go out and buy food.
there were no proper arrangement simply because everyone is not prepared for this, just think of a tourist feeling well on its first week with the virus going to crowded and popular destination in your country until they die on the 3rd week, he or she already infected many people and now circulating on other places then after detecting the virus they just decided to lock the country down. You can't even complain by how these things getting seriously, you can't just blame your own government for this.

The police are enforcing the order harshly. A West Bengal man went out to buy milk earlier today and was beaten to death by police. https://www.indiatoday.in/india/story/bengal-man-who-was-out-to-buy-milk-dies-after-being-beaten-up-by-police-1659842-2020-03-26

More examples of police violence here: https://nypost.com/2020/03/25/police-in-india-use-force-on-coronavirus-lockdown-violators/

I guess that's one way to keep people inside.
Yeah, there is reality also on this too, some people in authority are abusing their powers, worst situation is that they killed to discipline people but there are also people who is not afraid and disobeying citizen. So it's better to really stay at home and isolate for a month to avoid getting infected.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: TrevorS on March 26, 2020, 04:24:29 PM
Quite the expected outcome. Now the most unexpected thing is the lack of quarantine in individual countries.
In any case, your information needs to be double-checked, because you did not indicate any sources that could confirm it.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: monero.org on March 26, 2020, 04:30:03 PM
Lucky are the Indians they are only locked for 21 days. We're up for 3 months maybe extended to another 6 months. Only the Chinese are having a feast.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Findingnemo on March 26, 2020, 05:00:32 PM
^to be fair, not that I endorse this stupidity (shaming and not so serious beating), but the victims were already sick before the event.

Quote
"On March 25, 2020, around 7.30pm he lost consciousness and fell inside the bathroom. He lost consciousness because he was suffering from chronic diarrhoea for the last 14 days. Later, he suffered a massive cardiac arrest and was declared brought dead in a nearby government hospital," said Medical Officer Tanmay Sarkar in the report.
https://www.news18.com/news/india/post-mortem-report-says-man-who-violated-howrah-lockdown-died-of-cardiac-arrest-cops-deny-assault-2552211.html

It's shame in 2020 we still see this kind of violence. Imagine being dehydrated because 14-days of diarrhea and had to do push ups.
Not enough guidance for the cops from government and medical department of India so they decided to take anything in the view of corona only for the past few days.I head that India announces no tolls will be collected in selected areas and I can't say how much stupidity is this.

They have no measures yet for daily wagers and homeless,even they started to beat without asking any questions.Saw a video that doctor also beaten up.Worse. ???


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: CHENIEN on March 27, 2020, 02:21:21 AM
Implementing of the total lockdown is the finest to deal with a difficult situation, even we are in line with the total economic crisis, life is more important than money, so it is suitable to obey the orders, not to compare only in India it is all about all over the world since the breeze of the pandemic virus was circulating, it would bring the world to become a unity which is the effects of self-quarantine.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Janation on March 27, 2020, 02:46:49 AM
Respected Prime Minister of India has declared Complete Shut Down of "India"

It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

Moreover, internal sources suggest that this lockdown is going to be extended further more if situation of corona doesnt follow within control. This is crazy decision has shaken the whole India for sure and its gonna create economic crisis! People wont be having any money after a month to spend for daily needs, industries wont be paying to employees because there is no business, which means no money outflow-inflow!

What would be the outcome of this unexpected situation of India and people in it?


This is not really surprising.

This should be the correct reaction to the pandemic that is happening. Obviously it will affect the economy and it would be a risk to continue accepting people outside the country since it would affect more if there will be a case. Here in our country, our capital, Manila is in lockdown, still, a lot of people are so annoying and not following the policies to be followed. People are struggling and the government is doing their best to provide for us. These are all expected in a pandemic, people should follow since this will also be for their safety.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: inanilujimi on March 27, 2020, 05:04:19 AM
if the government has taken that decision is there a subsidy for the people ??
now the choice is in the hands of individuals who want to die of a virus or die of hunger ??
maybe for rich people it's not a problem but for people who are deficient is this worth it?


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: tvplus006 on March 27, 2020, 11:25:32 AM
Lucky are the Indians they are only locked for 21 days. We're up for 3 months maybe extended to another 6 months. Only the Chinese are having a feast.

It is very frightening to watch how the coronavirus destroys the ties that have been created for decades between States. And now all these time frames for the period of quarantine are only preliminary. I am sure that they will be reviewed and a longer period of quarantine will be established.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: mu_enrico on March 27, 2020, 12:13:48 PM
if the government has taken that decision is there a subsidy for the people ??
now the choice is in the hands of individuals who want to die of a virus or die of hunger ??
maybe for rich people it's not a problem but for people who are deficient is this worth it?
If they totally forbid people to leave the house and carry out economic activities, then they must provide and distribute food and clean water directly to the people. However, I don't think the curfew is strictly 24/7, meaning that they still can buy daily needs to the nearest shop. In this case, the government must provide money. In Indonesia, it's called "Bantuan Langsung Tunai" or literally translated as Direct Cash Assistance.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: freedomgo on March 27, 2020, 12:27:36 PM
Lucky are the Indians they are only locked for 21 days. We're up for 3 months maybe extended to another 6 months. Only the Chinese are having a feast.

It is very frightening to watch how the coronavirus destroys the ties that have been created for decades between States. And now all these time frames for the period of quarantine are only preliminary. I am sure that they will be reviewed and a longer period of quarantine will be established.

For sure, the lock down still depends on the situation, of the virus are not yet contained, the lock down will continue. In our country, the lockdown is one month and will end by next month, but I am not expecting it will soon, I expected it will continue since the number of cases are still increasing.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: FlightyPouch on March 27, 2020, 12:37:21 PM
I think this is better than people going in and out of the country that might be the carrier of the virus. This is a decision not just because they wanted to take care of their people, they also wanted to manage the economy they have since if there will be a carrier in their country, that would damage more the economy and would really affect the country badly.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: awik p on March 27, 2020, 01:53:00 PM
Lucky are the Indians they are only locked for 21 days. We're up for 3 months maybe extended to another 6 months. Only the Chinese are having a feast.

It is very frightening to watch how the coronavirus destroys the ties that have been created for decades between States. And now all these time frames for the period of quarantine are only preliminary. I am sure that they will be reviewed and a longer period of quarantine will be established.

For sure, the lock down still depends on the situation, of the virus are not yet contained, the lock down will continue. In our country, the lockdown is one month and will end by next month, but I am not expecting it will soon, I expected it will continue since the number of cases are still increasing.
of course with the lockdown makes the economy of a region disrupted. but there is no other more effective way, so that it can cut off the spread of the virus. except maybe South Korea which is already considered a success without lockdowns, but unfortunately not all countries can do it


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: imstillthebest on March 27, 2020, 01:58:16 PM
This will have a nasty impact on many especially poor people How can they eat if they need been in lockdown within the past the govt has got to take responsibility the govt has got to provide food to each have-not in their homes. this is often an honest thanks to affect a crisis Now there are many other countries which are badly suffering from the economy of every country which features a lockdown for six months. therein case they're living in great distress.

thats it . people can still eat because governments and higher income people help the poor but we are talking about our economy here  , the economy is still greatly affected because most jobs are cancelled  , stocks delivery are cancelled too , and many more  .

this virus is not funny anymore because the damage that it delt are now getting wider as the time passes by  . its suck , hope this can be killed pretty soon because people are now threatend and cant live freely  .


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: onrise on March 27, 2020, 04:13:07 PM
Lucky are the Indians they are only locked for 21 days. We're up for 3 months maybe extended to another 6 months. Only the Chinese are having a feast.


Which country do you belong to where 3 months of lock down has been declared? Also as far as I know country may say 21 days of lock down but considering the world is witnessing the pandemic to spread widely in this days the lock down could even be increased to 1 month or more depending upon how the situation now unveils in coming time. Also, hopefully everyone stays safe and it stops quickly.



Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: The Sceptical Chymist on March 27, 2020, 04:36:56 PM
Authorities have said that people should not step outside their houses. This is impractical as well as unenforceable.
No kidding--I don't see how that could possibly be enforced in a country the size of India, nor do I think people ought to be forced to isolate themselves in their homes because of this virus.  Hand-washing and keeping a safe distance from other people ought to do the trick, but these are politicians that are making the rules.

So it's only for 21 days?  That seems reasonable, though I don't know if the situation is going to be brought under control within that time frame.  Hopefully the authorities are flexible and won't impose some overkill restrictions on Indian citizens.  That would suck.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Vishnu.Reang on March 27, 2020, 04:42:35 PM
Lucky are the Indians they are only locked for 21 days. We're up for 3 months maybe extended to another 6 months. Only the Chinese are having a feast.

The situation is getting worse with every passing day. Even here in India, there is a lot of panic. The government and the authorities are doing all that they can, but the number of new cases is still on the increase. I won't be very surprised if the 3 weeks lockdown gets extended to 3 months. And with that, the jobs will be under threat and the economy will be in complete destruction.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Renampun on March 27, 2020, 06:31:57 PM
Respected Prime Minister of India has declared Complete Shut Down of "India"

It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

Moreover, internal sources suggest that this lockdown is going to be extended further more if situation of corona doesnt follow within control. This is crazy decision has shaken the whole India for sure and its gonna create economic crisis! People wont be having any money after a month to spend for daily needs, industries wont be paying to employees because there is no business, which means no money outflow-inflow!

What would be the outcome of this unexpected situation of India and people in it?

I really appreciate the courage of the Prime Minister of India...
the decision taken by the Prime Minister of India is very precise, he knows the best way despite the risk that must be taken to protect the 1.3 billion citizens.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: bithisach on March 27, 2020, 09:03:43 PM
Respected Prime Minister of India has declared Complete Shut Down of "India"

It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

Moreover, internal sources suggest that this lockdown is going to be extended further more if situation of corona doesnt follow within control. This is crazy decision has shaken the whole India for sure and its gonna create economic crisis! People wont be having any money after a month to spend for daily needs, industries wont be paying to employees because there is no business, which means no money outflow-inflow!

What would be the outcome of this unexpected situation of India and people in it?


Every other country is on the verge of financial crysis, not just India. See the US and current unemployment rates, it's much higher than what was reported during 2008. NY had on this wednesday more 911 calls than it received on 9/11! Maybe these figures are misleading but the point stands, and that's just US examples. Countries like Chile, Argentina, Colombia, Venezuela will also follow suit. No country is prepared for total shutdown of their workforce


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: eaLiTy on March 27, 2020, 09:26:35 PM
If they totally forbid people to leave the house and carry out economic activities, then they must provide and distribute food and clean water directly to the people. However, I don't think the curfew is strictly 24/7, meaning that they still can buy daily needs to the nearest shop. In this case, the government must provide money. In Indonesia, it's called "Bantuan Langsung Tunai" or literally translated as Direct Cash Assistance.
There is a complete shut down and if you go out during this period people will beat the shit out of you in India, you can search in youtube and you will find many videos of the police brutality, the curfew is strictly 24/7 and till now there is not much assistance from the government regarding how you purchase house hold items, foreseeing the situation i did purchase food items for a month and all the necessary items well before the curfew but it looks like the lock down will last more than a month as the number of infected patients keeps on increasing.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Rodeo02 on March 28, 2020, 05:07:11 AM
If they totally forbid people to leave the house and carry out economic activities, then they must provide and distribute food and clean water directly to the people. However, I don't think the curfew is strictly 24/7, meaning that they still can buy daily needs to the nearest shop. In this case, the government must provide money. In Indonesia, it's called "Bantuan Langsung Tunai" or literally translated as Direct Cash Assistance.
There is a complete shut down and if you go out during this period people will beat the shit out of you in India, you can search in youtube and you will find many videos of the police brutality, the curfew is strictly 24/7 and till now there is not much assistance from the government regarding how you purchase house hold items, foreseeing the situation i did purchase food items for a month and all the necessary items well before the curfew but it looks like the lock down will last more than a month as the number of infected patients keeps on increasing.
This is the best solution for this crisis strictly laws If they don't want it to last longer and the problem gets worse when there are more people been infected like what happen to italy which is they almost surrender on that virus and they dont even know how to stop the spread of virus of thier country. Soft law will be problem especially if there are many hardheaded person's in your country.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: AniviaBtc on March 28, 2020, 11:30:12 AM
Respected Prime Minister of India has declared Complete Shut Down of "India"

It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

Moreover, internal sources suggest that this lockdown is going to be extended further more if situation of corona doesnt follow within control. This is crazy decision has shaken the whole India for sure and its gonna create economic crisis! People wont be having any money after a month to spend for daily needs, industries wont be paying to employees because there is no business, which means no money outflow-inflow!

What would be the outcome of this unexpected situation of India and people in it?


First you need to understand why India had to do this. India is a densely populated country with 455 inhabitants per square kilometer. If Covid-19 starts spreading like Italy in India, it would kill millions of people in no time! India doesn't have the health care facilities like other first world countries so this is the best we can do at this moment, keep social distance to ensure the virus stays at bay!

Once the situation is controlled, government will have to declare stimulus packages to strengthen the economy. There are several areas that can be recovered from financial crisis through such stimulus packages.

Right now, we can just follow what government orders us to do. Save your life first. You will earn money later once everything normalizes.

If that so, then the government should do something for its citizen to have some money for their needs. This lockdown affects all of the people in its country, but the most vulnerable for the economic crisis is those who are in lower class. Poor people have nothing to feed for their family in 21 days and the money that they've earn before the lockdown is probably not enough for them. Most of the families in India consists 4.9 people per household in 2018 according to: https://www.arcgis.com/home/item.html?id=6cf22970ea8c4b338a196879397a76e4 , it is not easy for the workers to ease this suffering because of disadvantages of a lockdown if the government doesn't have any plans for them so that they can also survive the lockdown due to this virus. Government of India should do some donation, or give them the proper support that they should've have because they are also tax payers and they need it now. Plus, they are 2nd to the most populated country in the world so that they should take care of its citizen because this Covid-19 is unbearable to control.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Febo on March 28, 2020, 12:21:08 PM
It is very big decision by PM of India and this shut down is not for one day, one week BUT its for whole 21 Days!!

LOL man, it is happening all over world. It is not as big as it was 2 months ago in China. Now lock downs are an usual thing. It can even happen that regions in India with most infected gets under the quarantine.


So what are the statistics of them and how you co-relate it to Indian situation?
Considering that India is densely populated with most of the base serving average employment with mid level salaries.

Dense population like Wuhan and New York and North Italy will for sure not help. I am sure not whole India is dense populated. Regions that are are in deep shit.  India need to follow what other countries did. Wide spread testing. And self isolation. Everyone should act as he is infected. Only life important services should operate.  This with reorganising of Health system for then epidemic ( increasing number of normal and intensive care beds and focus all medical staff to serve those beds) will help mitigate this catastrophe.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: mu_enrico on March 28, 2020, 05:29:14 PM
There is a complete shut down and if you go out during this period people will beat the shit out of you in India, you can search in youtube and you will find many videos of the police brutality, the curfew is strictly 24/7 and till now there is not much assistance from the government regarding how you purchase house hold items, foreseeing the situation i did purchase food items for a month and all the necessary items well before the curfew but it looks like the lock down will last more than a month as the number of infected patients keeps on increasing.
I've just read this news:
https://www.bbc.com/news/world-asia-india-52063286

Is Modi crazy or what? It seems there is no coordination whatsoever from the government officials. I'm a bit skeptical previously about the current situation in India, but I've seen enough proof of this madness.

This is the best solution for this crisis strictly laws If they don't want it to last longer and the problem gets worse when there are more people been infected like what happen to italy which is they almost surrender on that virus and they dont even know how to stop the spread of virus of thier country. Soft law will be problem especially if there are many hardheaded person's in your country.
But you can't just lock down people without providing the basic needs... How can they survive for 21 days? Not all people can afford a whole month's groceries in advance. Read the BBC report mate. It's just madness.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: betty11 on March 28, 2020, 07:40:28 PM
We don't want to see what is happening in Italy and Spain happen in India. These 2 nations that are badly affected have good economy and well developed and better equipped than the poor India, the casualty will be too much should the India government not take drastic measures to curtain the virus but the people should be given some relief materials.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Magkirap on March 29, 2020, 09:10:18 AM
We don't want to see what is happening in Italy and Spain happen in India. These 2 nations that are badly affected have good economy and well developed and better equipped than the poor India, the casualty will be too much should the India government not take drastic measures to curtain the virus but the people should be given some relief materials.
The damage that will done in india's economoy with that 21 day lockdown is nothing compared to the damage india will received if they did not do or implement the lockdown, yes those 2 countries are more superior than india so it is just the right decision, i know the government of india will come up with solutions about the shutdown of business and works. This is a sacrifice we must do in order to minimize the damage cause by the virus.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: onrise on March 29, 2020, 04:13:43 PM
Lucky are the Indians they are only locked for 21 days. We're up for 3 months maybe extended to another 6 months. Only the Chinese are having a feast.

The situation is getting worse with every passing day. Even here in India, there is a lot of panic. The government and the authorities are doing all that they can, but the number of new cases is still on the increase. I won't be very surprised if the 3 weeks lockdown gets extended to 3 months. And with that, the jobs will be under threat and the economy will be in complete destruction.

The way cases are rising on every single day it is going to be a longer time and not just 21 days of lockdown. Also, India would have to see how the cases start to get stable or reduce in the coming time  then only they can again start their international flights else again the rising of the case could begin if people start travelling abroad and gets the virus back. Unless we have a medicine, it is going to be a testing time for everyone.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: freedomgo on March 30, 2020, 08:08:15 AM
Lucky are the Indians they are only locked for 21 days. We're up for 3 months maybe extended to another 6 months. Only the Chinese are having a feast.

The situation is getting worse with every passing day. Even here in India, there is a lot of panic. The government and the authorities are doing all that they can, but the number of new cases is still on the increase. I won't be very surprised if the 3 weeks lockdown gets extended to 3 months. And with that, the jobs will be under threat and the economy will be in complete destruction.

The way cases are rising on every single day it is going to be a longer time and not just 21 days of lockdown. Also, India would have to see how the cases start to get stable or reduce in the coming time  then only they can again start their international flights else again the rising of the case could begin if people start travelling abroad and gets the virus back. Unless we have a medicine, it is going to be a testing time for everyone.

It can always be extended, the purpose of the lock down was just to minimize the number of cases in the area, everyone will do their own self quarantine so they will not be infected or will infect people, but this virus does not show early symptoms, you would not know that you are already infected in the ealry stage so might be able to infect other people.

I think it's only China that was able to successfully defeat the virus, but it's quite interesting how they do that, maybe they already have the vaccine so we can't expect that India would be able to have the same success over a short period of time only.


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: thesmallgod on March 30, 2020, 10:25:29 AM
It is not only them but the world at large. Throughout the world, individual countries are taking the necessary precaution to contain the spread of this virus and locking down the country is not something bad especially for India with such a large population. Either the country is temporarily locked down or not, there will still be an economic crisis because of india also involve in trading internationally   


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: shushu9977 on March 31, 2020, 04:17:52 AM
It is a good decision for India though they will face economic crisis. Not only India but also many countries take the lockdown decision. After 21 days, if covid-19 is control,  then it will be good for India.   


Title: Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ?
Post by: Twinkledoe on March 31, 2020, 04:24:27 AM
It is a good decision for India though they will face economic crisis. Not only India but also many countries take the lockdown decision. After 21 days, if covid-19 is control,  then it will be good for India.   

I seriously doubt, 21 days is enough to contain the virus but it will slow down the infection. Other areas are in lockdown min of 1 month. More than likely, it will be extended. And with the large population like India, I don't know how the govt can supply the needs of every resident. Even small population has difficulty in serving their residents.