‘We Are Dying’: Calls For Modi Resignation As India Faces ‘Staggering’ Epidemic

‘We Are Dying’: Calls For Modi Resignation As India Faces ‘Staggering’ Epidemic

More than a million people could be dead from COVID in India by the end of July if the current trajectory persists, a University of Washington model showed. Another projection suggested the death toll could exceed 400,000 by mid-June. India's deepening crisis has rekindled market concerns that the worst of the pandemic may not be behind us, or at least not in the global context. This week, the country's delegation to a G7 foreign ministers' meeting in London decided to self-isolate after a pai
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3 thoughts on “‘We Are Dying’: Calls For Modi Resignation As India Faces ‘Staggering’ Epidemic

  1. Problem? What problem? Take a gander at how well the Indian stocks that I watch with US ADRs traded today. EPI, IBN, HBN and GLIN. All higher. The only issue was by how much.

    I apologize for keeping pointing this out. Yeah, I know that stocks supposedly discount all bad news and trade based on “investors” future expectations. Right. There must be zero doubt that bad loan write-downs at Indian banks will plunge once the epidemic there passes. That’s really logical, right?

    Connecting the dots, I’m starting to believe that there is a scary backstory that some big funds are acting on.

      1. A small, but important, point here is the degree to which micro and small loans play a key role in the Indian economy. While individually small, such loans are inefficient to process. If they go bad the principal will just be lost because no one can afford to pursue payment. Taken as a class these small loans may well prove to be a lurking disaster.

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