Chapter 178: A Miracle

India is a bottomless quagmire, as was the unanimous opinion of economic experts around the world in the run-up to the crisis, and even India's most optimistic people never knew that the country would be able to quickly emerge from the economic crisis and recover with the world economy. Perhaps, they also fantasized that the Indian economy could quickly get out of the impact of the crisis and quickly return to the pre-crisis market state, but the ruthless reality made them dare not have the slightest illusion. Before the economic crisis, India was also a world-class market, although the overall economic level is not as good as China, but the huge middle class and industrial workers make her market capacity reach more than 65% of China, accounting for more than 55% of the US market, Indians can confidently claim that they are a world power, although in fact, compared to China, she is still far behind, and can not catch up with China in all aspects. However, with the advent of the economic crisis, the economy was rapidly paralyzed like an avalanche, and the consequences of the poor foundation were completely exposed, and there were even more unemployed workers than China, who were already inferior to the scale of China's industrial workers, and the shortcomings accumulated in various social developments quickly appeared, and religious conflicts even appeared in some areas...... What is even more serious for commercial companies is the collapse of the production system and the sharp contraction of the market...... The whole society has come to a standstill.

Foreign investment accounts for a considerable proportion of India's economy, and its national industry as a whole is not strong, and the proportion of foreign investment is similar to that of China more than a decade ago, but it lacks a large group of local enterprises like China; On the other hand, Indian society is full of contradictions, and the contradictions between various states and ethnic groups have been around for a long time, and if it were not for its huge population and the huge middle class formed by its social system, it would not have become the "most popular" investment market and product market. With the advent of the economic crisis, companies in India have fled their funds, just before the Indian government's emergency policy*, American companies fled more than 60% of their funds, EU companies also fled more than 50%, even Chinese companies also fled more than 50%, only the Japanese have coveted the Indian market for a long time, and most companies have not reacted excessively, according to statistics, only 20% at most. The flight of a large number of foreign capital has made the Indian economy more difficult, and the government has to impose strict restrictions on foreign investment, but this still cannot make the economic situation better! India's stock market is much more developed than China's, a large amount of social wealth is based on stock appreciation, the economic crisis has caused a serious shrinkage of stocks, the assets of shareholders mainly of the middle class have shrunk seriously, yesterday they were "rich", today they have become "abject poverty", tomorrow they will become homeless vagrants, the rupee has depreciated rapidly, prices have skyrocketed, and suicides abound...... The whole society is miserable and the people are terrified...... The flight of foreign capital, the depreciation of the currency, and the inefficient attitude of the Indian government have added to the concerns of companies and investors from all over the world. By February '37, India's social output was still declining, and by this time, the world's major markets had stopped declining, and the actual decline continued until '38.

Due to the paralysis of the transportation industry, the circulation of goods has become very difficult, the backlog of goods and the shortage of goods exist at the same time, and the social market tends to be almost zero, according to statistics, by February 37, the Indian market was less than half of that of South Korea, less than one-third of Japan, less than one-fifth of the Chinese market, only one-tenth of the North American market, and less than one-fourteenth of the EU market. At this time, the Chinese market is only 20% of the pre-crisis market, North America is only a quarter of the pre-crisis level, and the European Union is only 35%, that is, the economic crisis has changed the Indian market to about 5% of the original level, which is really terrible, too scary, who would dare to stay there? As a result, international companies have fled as the world believes that India is "hopeless", which has further exacerbated the social unrest in India. International companies began to fight with the Indian government, and the government was furious, and the Indian market was really uncompetitive, the company's assets shrank significantly, and the arrears of the companies could not be recovered...... Large corporations are watching ants climb trees, and when they seize the opportunity, they quickly flee, and staying in a country with almost zero economic crisis for a long time is undoubtedly self-defeating. At this time, there are no companies responding to the government's initiative, the market is not only small, but the transportation is not good, even if the government promises to inject capital into the railway company, no one has changed their minds! If it can prevent the occurrence of large-scale social unrest, it is already the "greatest expectation" of international companies, and at this time, a series of events have turned the situation around.

The impact of the Fairy Company leak at the end of 36 on the world economy was quite far-reaching, which was widely recognized in the series of events that followed. The fairy's obstruction of energy projects and the death of space projects prompted her to turn her attention to India, which she had already targeted even when she was negotiating with governments.

The fairy's entry into India coincided with the most painful and confusing time for India during the economic crisis, as well as a period of stalemate between the Indian government and international companies, which had a profound impact on Indian society! In February 37, the Indian market was only about 5% of the previous one, basically in a state of stagnation, and the situation at that time was even more serious, India followed the world trend in June 36 to allow some companies to produce small batches, the product was produced, but it could not be shipped, and it could not be sold, so these companies stopped production again, and spread their anger to the Indian government, especially the international companies, that the extremely bad state of Indian society was caused by the "inefficiency" and "incompetence" of the Indian government, Their massive losses "the government bears an unshirkable responsibility" further determined to withdraw from the Indian market. No one doesn't know what 5 percent means, no one doesn't know what a single quantity seven means, "India has returned to the state it was a few decades ago, even back to the feudal society or the slave society". For the government, it is also a dilemma, the economic situation is grim, they have an unshirkable responsibility, but all the efforts have no effect, that is, the funds invested in the railway company have also been wasted, knowing that this is the other party is coercing, but there is really suffering. But the arrival of the fairy has given confidence to the Indian government and to the entire Indian people.

In the whole year of 37 years, a total of 300 billion yuan was invested, which is not a small amount, and what makes Indians happy and happy is that the acquisition of real estate began in the second half of the year, "first calmed the commotion of workers in Mumbai", so that a large number of unemployed people "have a house to live in"; By the second half of '38, at least 80% of the homeless in Indian society had various housing, and it is said that Mumbai and Kolkata were largely deserted on the streets! This has been dubbed the "Indian miracle" by world critics. By the end of 38, the three major urban areas where the fairy made a large amount of real estate investment basically had no homeless people living on the streets. The fairy gave the Indians confidence and courage, even if it was a little hope, it was rapidly expanded by the Indians, the fairy may be burned with more money, but the Indians would rather believe that it is the most magical, the most accurate investment company today has a unique view of the Indian market, although there are also a lot of negative rumors about the fairy, but in front of her strong momentum and fierce market public opinion, there is no crowd market at all! Indians no longer believe in economists' statistics, fanatical Indians only believe in their "confirmed facts", and since the fairies have come to India, it means that there is "hope" for the Indian economy. The fairy may do philanthropy, but "it is certainly eyeing the Indian market and being able to save the Indian economy from its difficulties". The Indian people, accustomed to seeing large companies coming to India to pan for gold, have long been familiar with the mentality of international companies, and in their eyes, fairies are exactly the same as those companies. But the fairy is also considered to be different from them, the Indians think that she has a unique vision, a unique large company in the world, and who else has made such a fortune in the economic crisis!

Sociologists have a different view of the fairy's arrival in India than economists, who believe that the fairy's sensational effect can help the Indian economy get out of trouble and quickly move the Indian economy into the fast lane, because they agree that the impact of the company's investment ability is unparalleled. Perhaps the fairy was just lucky to avoid the damage of the economic crisis, a manifestation of someone's "neuroticism", but ordinary people do not think so, and rebuilding the image and confidence of the Indian people as a great power market is considered by them to be the highest priority. But economists trust their precise statistics more, agreeing that "it's too bad," rotten in every way, and simply incorrigible. What is the concept of the market situation of 5%, they dare not describe to people, the depression of all industries is a social problem, and now the depression of all industries is simply a social disaster, even by the end of 37, the fairies have invested hundreds of billions of yuan, they still express despair of the Indian economy. Although statistics show that the economy recovered and grew by 30% that year, 30% is a relatively good number, if the EU can grow by 30%, then the economy has grown by 30 points, even if Japan only grew by 10%, it is similar to India, but the problem is that these 9 economic points have no effect on India at all, and any number shakes it, you can make 7 become 9, so, until the end of the year, that is, when the so-called legendary company invested 300 billion yuan in India, No one is optimistic about India's short-term economic situation either. Economists and large companies in various countries are simply dismissive of the Indian government's announcement that "India's economy is stagnant and declining", and the (Indian) economy may have stopped declining. Even if [India] really stops declining, economic growth should still be "far away"!

Just when the Indian government announced the economic situation and told its counterparts in various countries that India's economy had begun to grow, the statistical agencies in India in early 38 countries also confirmed the reality of the increasing number of unemployed workers, pointing out that although the fairy company invested heavily in the acquisition of real estate and the resettlement of unemployed and homeless people, "homeless people continue to appear in society, and the number of unemployed people continues to increase", and even the most optimistic and thoughtful gambler-like fairy leaders admit that "the economic situation is a mess and may not grow in the short term". Naturally, these words were absolutely not revealed to the outside world, this is an irresponsible word that will "stir up a thousand waves with one stone"! In the face of this situation, many people have set their sights on the fairy company, hoping to see something from the fairy, even if it is information that can prove some kind of inference from her, and the Indians are also wondering, is this country really saved?

Indians have enough hope for the fairy to save the Indian economy from fire and water, but in fact, many Indians have already felt disappointed, or rather, many have lost faith in the fairy myth. No matter how much willpower a person has, no matter how much he believes in miracles, he can't help tossing day by day. By the end of 37 years, it has been more than 9 months since the fairy entered India, and more than 9 months is not a long time for the fairy's staff in India, because they are very busy every day, and the work schedule is full, but it is different for Indians, who live in dire straits every day. They believe that fairies can bring Lai's economy to recovery, so that they can have jobs right away, and they can easily get along with their lovers right away, but a year has passed, and nothing has changed. Didn't it say that the fairy is here and can bring the economy to recovery, so why is it still the same, and can the fairy help India achieve economic recovery?

Fairy workers working in India are often surrounded by people and asked, as if they say that the economy will recover, and it will recover soon, almost every fairy worker in India will encounter similar problems, and some of the staff they hire will also "inquire about the news" after work. But the fairy really can't bring the rapid recovery of the economy, and the fairy's employees don't dare to say that they can't make the economy recover quickly, looking at the Indians who came with hope, but left with helplessness, everyone has mixed feelings, they really don't know what they can bring, can the fairy really do that, so why is there no such discussion in the country?

Of course, it is not that people have lost faith in fairies, "wait, wait, believe in India, fairies will not abandon India", this is the message that every fairy employee clearly expresses to the inquirer, yes, even fairies believe in India, and continue to inject funds, can Indians still give up their own country? Although Indians are no longer fanatically hyping about the acquisition of fairies, although the Indian economy is still the same, people have maintained a certain silence, perhaps it is also a kind of call to the future! Although sociologists are still preaching the hope of the Indian economy, still preaching the sensational effect brought by the fairy, but economists continue to ruthlessly point out that the recovery of the (Indian) economy is weak, and throughout the first half of '38, the Indian economy rose from 9 to 10 in the index, perhaps, economists will say, "Perhaps, the economy will rise by 2 points this year", what they didn't say is that the economic recovery this year may not be as fast as last year!

But India's economy began to play a joke on the world's people, and just three months after the fairy completed its last international acquisition in India, it injected heavily into Hindustan Railways, taking a 40% stake in the national railway company, making it the largest single investment in India. 200 billion yuan, in any country, at any time, is a lot of investment, in today's society, no company can make such a big investment at one time, at least not the guts! Even the international energy giants, who have been at odds with fairies, have not made such large investments recently. The signing ceremony of the two sides on October 13 was broadcast live to the people of India through satellite television, and the president of the state-owned Hindustan Railways, Mr. McMahman, and the district officials of the Indian government signed the agreement in turn, and some of the responsible personnel of the fairy also signed the contract...... As a side effect of the televised broadcast, all Indians saw some of the male members of the Lee family in China, who had always been low-key and now prosperous, who were said to be handsome and dashing. In just three months, strictly speaking, less than three months, India's economic index rose by 4 points, which made India's annual economic market capacity rise from 9 to 15, an increase of 66% in one fell swoop.

What is 66%, Indians are counting on their fingers, and everyone finds that except for the economic recovery of its old neighbor China, which has surpassed India's, there is no country that can "compare with India", of course, people deliberately avoid the embarrassing little 15, which is less than one-tenth of the European Union and only one-seventh of China's. Even economists have started to talk a lot about this not small growth rate, not only economists in India, but economists from other countries have taken it and looked at it. This is an impossible effect, how can this be, a messy market, how can there be a growth rate of more than 60%, is it true that fairies have such great ability? Is her social influence really that high, and her investment vision really so unique?

But believe it or not, India is indeed changing dramatically. After the government's initial injection of 50 billion yuan, especially the subsequent huge injection of the fairy, the transportation system led by the railway began to resume operation, so that the products produced by the companies can be shipped to markets all over the country, although the market demand is still relatively small, but it has gradually normalized, and social consumption is still gradually rising, what happened in the Chinese market has also appeared in India, let consumers pay in stages...... The pace of recovery of the economy as a whole is gradually accelerating. And a large number of former unemployed workers have once again acted as the pillars of social recovery, if there is no money, nothing can be done, but with a little savings, then you have to save your life first, and then you can think of others, and if you have a place to stand, it is possible for people to consume, to consume those that are also very urgently needed consumption, and once there is consumption, it will pull the recovery of the whole market! A large amount of "social deposits" flowed out of the hands of the people who rented the fairy's estate, and the fairy's products began to be popular......

By May '39, when the world economy was gradually recovering and most of the unemployed workers began to return to work, the Indians once again shocked the world's economists. In just five months, market consumption has increased by 100%, faster than any country in the world has recovered, and the economic index has reached 30. If people don't take 15 to heart, then this number is enough to shock all economists! This is not a large number, but it is surprising that it occurred in a country that was considered hopeless a year ago. No one doubts the rapid recovery of the Indian economy, and even the most stubborn, conservative and critical economists have expressed their expectations for the economic situation in India.

The Indian economy has become a miracle!

The Indian economy has begun to be considered a miracle by experts, one of the most obvious figures is 4.3, India's economy has been 4.3 times that of February 37, this figure is higher than all the market powers, people are happy to compare India with China, and China has only reached 3.3 times at this time. The reason why the Indian economy is considered a miracle by experts is also because they believe that India's economic recovery will not end here, and even the most pessimistic people will believe that the Indian economy will continue to recover at a high speed, because it is considered to be the irreplaceable catalyst for India's economic recovery, China's fairy company on April 7, 39 India's state-owned Hindustan Bank, the largest bank in India, injected 200 billion yuan and became a major shareholder holding 20% of the shares, how much impact will this have on the economic recovery!

The news is spread by the recovered media all over the world, "Fairy", "Bank of India", "Indian Revival", "Indian Miracle", ...... A large number of similar words summarize people's confidence in India's rapid economic recovery. There is no one who does not believe that the Indian economy has entered the fast lane of recovery, and there is no one who does not recognize the impact of this investment of the fairy on the economic recovery. In just seven months, India's economy has grown by 117%, the market economy index has reached 65, reaching 50% of the market capacity before the economic crisis, and the annual market recovery rate has reached 333%, which is higher than any large economy in the world! Her market index is not only higher than Japan, but also higher than that of South Korea and North Korea, ranking behind China and becoming the fourth largest market in the world again!

Various statistics have shown that India has become the common darling of the world's media. Experts had to express their misjudgment of the Indian economy, admitting that they underestimated the ability of the Indian market to recover, of course, some people also had bad intentions to push the "culprit" fairy company to the forefront, everyone attached great importance to her investment in the Indian banking industry, saying that only fairies have such great financial resources, and only fairy investment banks can cause such a big effect...... The Li family, which has always been low-key, also praised the "incompleteness". At this point, the experts did not over-praise the fairy, to April 39, the fairy has made various investments in India more than 800 billion yuan, which has a profound impact on India's economy and society, and the fairy has money, and only the fairy continues to invest in the Indian market, and only the fairy can take a one-time loan of hundreds of billions of yuan. To be honest, experts know that apart from the fairy, there is no company that can invest so much money at one time, and the Indian bank, which has received a huge amount of money, especially the investment of the fairy, will give the Indian companies how much support they will have, people don't need to think about it.

How much the fairy company that created this legend should be paid, people couldn't bear to say it!

Although the market recovery is later than that of the world's major countries, although the economic crisis is more serious than that of the major countries, and although the degree of economic recovery is worse than that of the major countries, India has created a miracle for the people of the world, which economists call the "Indian miracle" and sociologists call it the "Indian miracle"! India's rapid economic recovery to pre-crisis levels is just around the corner, a large number of workers have begun to return to work, its domestic demand market and exports have increased substantially, and the nearby Middle East market has also developed, and in the second half of the last 39 years, the exports of Indian companies in the Middle East have increased by 58%. The rapid expansion of domestic demand has made most companies enter a profitable state, and the overall social situation has improved significantly......

India's economy is one of the world's first and most serious countries, and she is also one of the first countries in the world to recover, she recovered later than most countries, but faster than most countries, in three years, the domestic market expanded 8.3 times, and China together and became a miracle of economic concentration, and she is more legendary than China's economy! The legend of India's economy was made even more precious when the country was in a difficult situation and international companies around the world abandoned her. The ruthless abandonment of India by international companies has had a bad impact on the Indian people in the midst of the economic crisis, causing indignation among all Indians who regard it as a "betrayal" and "discrimination" against Indians. Indians have always been known for their generosity, and for many years, the world's big companies, regardless of each other, produced in India, bought their products, created huge profits for them, were proud of them, applauded them, but what did they get? Are the big companies taking on their social responsibilities to India? Maybe people aren't friendly enough to China, maybe people don't like China stronger than them, maybe people don't like Chinese companies making their hard-earned money in India, but the economic crisis has changed them, at least they are interested in one Chinese company!

All Indians, whether nationalists, patriots, internationalists, whether they like China or not, are willing to see Chinese companies exist in India, and now, at least they are willing to accept one Chinese company, which is a Chinese investment company called Fairy. Even the diehard, who is no longer willing to deal with the Chinese, has to admit that he supports the development of fairies in India, and even fairies' current and future competitors in India have to admit her great contribution to India. Since then, Indians have embraced the fairy company from the bottom of their hearts, treating her as India's "most respected guest" and even comparing her to local Indian companies. Previously Delhi was the pride of India, Tagore was the pride of India, and Taka was the pride of India...... Now, Indians also regard the fairy as their pride, because people feel that she deserves to be recognized by everyone and deserves "Indian respect".

The tremendous economic achievements of India have stimulated the nerves of companies from all over the world, especially the former world giants of Japan and the United States, who now suddenly find themselves completely out of the Indian market, where there is no place to stand, and the companies that have been operating for many years have been "taken away by a conspiracy", and it will be "far away" to return to India. The early recovery of the Indian economy is something they did not expect, it is their most shocking news event, to be honest, the Indian market is a big market they must enter, no industrial giant will really give up India, and in their plan, the Indian economy should still be in a small shock, it should be a slight improvement, and it will grow slowly for a long time, waiting for them to re-enter! It's not that they don't want the market to recover big, but they want the market to recover two years later, or three years, or even four years, even if it's one year and nine months, so that they can invest again as valued customers and regain the biggest piece of the market cake. However, now the rapid recovery of India Beijing ahead of schedule has completely disrupted their plans, the economy has not yet fully recovered, and they are still fighting against strong enemies in the three major markets, and they cannot draw out to seize this market at all, and the funds have not been accumulated at all; What's worse is that they just gave up on this market, just two or a year ago, they transferred their companies in India, and they got all the money, and now, how can they go back? What's even more troublesome is that the Indian people are already very bad for them, and even if they start now, it is very impossible to enter the Indian market quickly, and what is worse is that the Indians must have accepted another company, a formidable opponent that they simply cannot shake now!