https://www.forbes.com/sites/williampesek/2020/07/29/indias-covid-19-fallout-collides-with-a-shaky-economy/#6f3726873684
Jinny 요약
As the year began, India was seen growing at least 5%. But worse, that could turn out to be overly optimistic considering the dire state of global demand and the pre-existing conditions in India. There is a huge gulf between prime minister, Modi’s promise and bold action towards bad loan problem.
“Any hope of a V-shaped recovery in India has died,” has been said in a new research report. The second-most populous nation has its work cut out to deal with a surge in domestic infections and global turmoil. These challenges are made worse by cracks in India’s underlying financial system one would’ve hoped Modi had tackled by now.
Julie 요약
India became the fastest-growing covid-19 epidemic country with 4.2 million confirmed cases.
Unexpected Covid 19 pandemic and global turmoil made India's economy shrink contrary to the 5% growth outlook this year. Moreover, these challenges made pop-up cracks in India's underlying financial system under Prime minister Modi's Modinomix.
The most dangerous part is a banking system burdened with bad loans. Two top former central bank officials warned the gulf between Modi promised in terms of modernizing a chaotic financial sector and bold action about bad loans. Also, Gavekal Research warned of a "debt time bombs". Due to unstable economy fundamentals, fast recovery of India's economy is gloomy.
Julie 요약 by 구글 번역
인도는 420만건의 확진 사례로 가장 빠르게 성장하는 코로나 19 전염병 국가가 되었습니다.
예상치 못한 Covid19 전염병과 세계적 혼란으로 인해 올해 5 % 성장 전망과 달리, 인도 경제가 위축되었습니다. 더욱이 이러한 도전은 모디 총리의 '모디노믹스' 하에서 인도의 기본 금융 시스템의 균열을 더욱 두드러지게 했습니다.
가장 위험한 부분은 불량 대출로 인해 부담이되는 은행 시스템입니다. 두 명의 전직 중앙은행 고위 관리들은 혼란스러운 금융 부문을 현대화하고 불량 대출에 대한 과감한 조치를 취하겠다고 약속한 Modi 조치 간의 격차를 경고했습니다. 또한 Gavekal Research는 "부채 시한폭탄"에 대해 경고했습니다. 불안정한 경제 펀더멘털로 인해 인도 경제의 빠른 회복은 부정적입니다.
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