Is Indian economy collapsing?

Is Indian economy collapsing? Only time would provide the answer. Here below I share some info from a concerned Indian  of what we know thus far:
(Note: 1 US dollar = 72 Indian Rupee; crore = 10 million)
Recent data & Situation of India: 👇👇
- Vodafone is in loss of ₹50,000 Crore.
- Airtel is in loss of ₹23,000 Crore.
- BSNL is in loss of ₹14,000 Crore.
- MTNL is in loss of ₹755 Crore.
- BPCL is in loss of ₹750 Crore.
- SAIL is in loss of ₹286 Crore.
- AIR India is in loss of ₹4600 Crore.
- Spice Jet is in loss of ₹463 Crore.
- Indigo is in loss of ₹1062 Crore.
- BHEL is in loss of ₹219 Crore.
- India Post is in loss of ₹15,000 Crore.
- GMR Infra is in loss of ₹561 Crore.
- YES Bank is in loss of ₹600 Crore.
- Union Bank is in loss of ₹1190 Crore.
- PNB Bank is in loss of ₹4750 Crore।
- Axis Bank is in loss of ₹112 Crore.

Apart from the above 👆👇🏼
- Jet Airways closed.
- BSNL 54,000 may cut more jobs.
- No money to pay salary for HAL employees.
- 1 million to be laid off in Auto Industry.
- 12.76 lakhs houses unsold in 30 major cities.
- Aircel and Docomo is dead.
- JP Group finished.
- Most profitable company in India - ONGC is now making losses.
- 36 largest debtors missing from country.
- Rs 2.4 lakh crores loan waive off for a few corporates.
- All banks incurring huge losses.
- External debt on country 500+ Billion Dollars.
- Railways are on sale.
- Renting heritages including Red Fort.
- Largest car maker Maruti cuts production.
- Rs 55000 crores car inventory lying at factories, with no buyers.
- Builders all over stressed. Some committing Suicide, no buyers. Construction Stopped due Mat cost rise (GST at 18% to 28%).
- OFB under corporatization affecting over 1.5 lac employee & families.
- Millions unemployed due to Demonetization.
- Highest unemployment in 45 years.
- 5 airports sold to Adani.
- Highest domestic stagflation.
- Record HNI individuals leaving India.
- Videocon bankrupt.
- Tata Docomo perished.
- CCD founder VG Siddhartha committed Sucide due to huge debt.
- Reputed Biscuits Companies like Parle-G on the verge of terminating it’s employees.
...Many nationalized banks have merged, many branches have literally closed, huge numbers of ATM’s Rooms are shut down.
May be many more...

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