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![Akshat_World Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1315735242250973186.png) Akshat Shrivastava [@Akshat_World](/creator/twitter/Akshat_World) on x 416.7K followers
Created: 2025-07-20 05:22:06 UTC

Indian Private Banks posting bad results is a sign of struggling economy. 

Banks reflect a subset of what's happening.
Poor results stem from :- 

- Slowdown in borrowing 
- Bad asset quality emerges because of riskier lending 
- Banks do well, when economy does well. 

India is witnessing de-industrialization. 

Our manufacturing sector is not growing, despite all the fake marketing. 

Service sector is not creating enough jobs. 
And, net FDIs are hitting all time recent lows. 

The only way to change this is to push for lower taxes across the board. At the same time relaxation should be given to small businesses. The compliance burden has to come down. 

India has some outrageous taxation system. 
And, this is making us deeply uncompetitive. 
This needs to change fast.


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[Post Link](https://x.com/Akshat_World/status/1946802778464252121)