Did HDFC Bank MD Aditya Puri really tell this on Indian Economy during COVID-19?

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A post with a list of key takeaways from an interview by the Managing Director (MD) of HDFC Bank, Aditya Puri is viral on social media. The post contained as to why Mr Puri thought India would survive and successfully prevent the COVID-19 pandemic. The message read, ”

A positive interview of HDFC Bank MD Mr Aditya Puri about why India will survive and make it big

Key takeaways from interview :

1. India’s rural economy is not affected by corona and going on strong

2. India being young people’s nation won’t have must health effect of corona compared to Europe

3. Merchants and small shops are not over leveraged (not too many loans ) so will emerge strong once shops reopen

4. Fall in oil prices would lower the inflation and other costs

5. Our country’s internal consumption is strong

6.Even if we have to keep India locked down for 14 days or 28 days (two cycles) in larger scheme of things it won’t matter

7.Even if stock market collapses and has to enforce few circuits closures its mainly because of automated algorithms which are forcing stock selling and nothing to worry

8.work from home is reducing costs for all companies and May the increase profits eventually

A few most probable sunny predictions in these gloomy days.

1. By June, India will be the first country to be freed from the clutches of this pandemic.

2. Our Lockdown, hot weather and our higher immunity levels will see us through.

3. We will be the largest exporters of medicines and the world will look to us for regular supplies of BCG vaccines, anti-malarial drugs Hydroxy Chloroquinine etc.

4. Manufacturing facilities will be set up in India, in preference to China, by corporations from all over the world.100 USA n 200 Japanese already leaving fm China India will become the hub for manufacture of every item from mobile phones to pharmaceuticals. The biggest and the best brands will realise that the Indian people are honest, hard-working, talented and reliable and were underrated so far.

5.Unemployment levels will go down.

6 .Our Vegetarian cuisine will be appreciated more and more.

7. People will queue up before Indian consulates all over the world and visas for visiting India will be issued after a 3 week gap after testing them. People will come here for tourism, wellness and the sunshine.

8. Our medical facilities will be appreciated for their easy availability, quickness and price efficiency.

9. Ayurveda and Naturopathy will also become very popular. Yoga and Pranayam teachers will be in great demand. Afterall, the best remedy for fibrosis is exercising the lungs.

10. The best Indian brains who have migrated abroad will also be happy to return to their healthy and prosperous home country. Their salaries also will be affordable due increased production-Make in India will be reality.

11. 2020 will be a turning point in the history of the world. From here it will be India all the way.”


This post garnered a lot of attention and has been posted by several people.



















A Twitter handle named Akshay Oswal tweeted the post, tagging PMO India, Finance Minister Nirmala Sitharaman and Amit Malviya who is In-charge of BJP’s national Information & Technology Cell.



The message is FALSE. Neeraj Jha, Head, Corporate Communications of HDFC Bank clarified by tweeting,” We’d like you to know that while a few points are indeed from recent interviews, albeit taken out of context, the bulk of the post is wrongly being attributed to Mr. Puri. Please exercise caution while circulating content on WhatsApp and social media platforms”. A fact checking website, BOOM contacted Neeraj Jha, who disputed the claims of the post. He also said that while a few points were taken from Mr. Puri’s interview, a lot of the quotes were wrongly accredited to him. He further clarified that all of Mr. Puri’s interviews are available on the Bank’s website.





















Netra V
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Netra V

An aspiring journalist from Symbiosis Institute of Media and Communication.