“I’ve Never Seen A Crisis Like This”: Nischal Maheshwari’s Big Warning For India

Added: 2026-05-17

[00:00:00]We have seen such troubling times in the past as well in the 1990s then during the global financial crisis and in bits and parts during situations where the country has gone to war.

[00:00:15]Now paint for our viewers what does this austerity drive or the problems that can possibly come because of the crisis uh get reflected on the Dalal Street. What do you foresee?

[00:00:33]So Shalini, I think this is one of the worst crisis we have seen. I have not seen this kind of crisis. All all of them were very short-lived.

[00:00:43]This 40 days of closing the hormones and we have to understand that the size of economies are different basically in the 1990s and today. India was if I'm right maybe 500 400 500 billion-dollar kind of economy. Today it's 4 trillion 4 and 1/2 trillion-dollar kind of economy. So we are up almost 10 times from there and the consumption pattern are different. Our consumption size is different. So I'm saying the the size of the problem is much bigger than what we what we can imagine.

[00:01:14]And that's why I think this needs to be taken very seriously. We have been able to hold on to our economic macroeconomic numbers till now. But if this number continues above 100 then we have two major problems at hand. One is obviously the oil prices which is going to create a problem for our fiscal deficit and thereby interest rates and everything else. And the second one bigger one which is more strategic in nature is the AI which is coming through basically because there is no solution to that.

[00:01:49]I think this we will maybe eventually find a solution maybe 3 months 2 months 3 months time frame.

[00:01:56]The recession war but there I think it's a it's station war, but there I think it's a it's a pivot basically which we need to do as far as our as far as our IT industry has to uh find a solution to that. And at the moment uh my interaction with any of these IT companies, I don't find a solution.

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